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US$15 for five bales of tobacco, a smallholder tobacco farmer's tale
Smallholder tobacco farmers are reeling under the yoke of high-interest loans, amid shocking revelations one of the farmers received a pay-out of US$15 after selling five bales of tobacco at the contr...Published: 24 hrs ago | 2913 | by Erick Matotoba
Officers in darkness as police fail to pay Zesa connection fees
AT least eight police officers including a police superintendent are living in the darkness because their employer has not paid electricity connection fees at their allocated pool houses within the mu...Published: 25 Mar 2024 at 05:32hrs | 796 | by Staff reporter
A Tale of Corporate Fraud, the contrasting Cases of South Africa and Zimbabwe
Corporate fraud has plagued both South Africa and Zimbabwe, with high-profile cases shedding light on the flaws in their respective financial systems. Thi...Published: 23 Mar 2024 at 07:10hrs | 836 | by Jacob Kudzayi Mutisi
FML bosses fleece policyholders
FIRST Mutual Life Assurance (FML) managers set up an employee mortgage scheme and an employee staff loan scheme without the knowledge of the board, resulting in policyholders being prejudiced of more ...Published: 21 Mar 2024 at 19:45hrs | 1598 | by Staff reporter
Zimbabwe exam fees deadline is extended
THE Government's extension of the deadline by which Ordinary and Advanced Level examination fees should be paid to the first week of May from March 23, has been welcomed by parents and guardians as a ...Published: 21 Mar 2024 at 08:44hrs | 435 | by Staff reporter
Zesa struggling to clear debts
ZESA Holdings has revealed that it is barely managing to meet its foreign and local obligations owing to the country's tight economic situation.The utility is struggling to service a US$2 bill...Published: 20 Mar 2024 at 06:34hrs | 377 | by Staff reporter
Zimbabwean man wins US$1m loan court challenge
A HARARE man has won a US$1 million Supreme Court loan challenge after a local company that he loaned US$900 000 tried to repay the loan in local currency.The applicant Brian Rodney Baron had ...Published: 19 Mar 2024 at 12:58hrs | 656 | by Staff reporter
Zimbabwe war veterans explode
WOES are continuing to mount for veterans of Zimbabwe's armed liberation struggle, who say their welfare is continually being neglected, with tertiary learning institutions refusing to enrol their chi...Published: 12 Mar 2024 at 20:38hrs | 1437 | by Staff reporter
Harare pledges to finally fix (some of) its pothole-ridden roads
IN Zimbabwe's capital of Harare, potholed roads have become a symbol of more than 20 years of national decline and neglect of public services.Motorists must weave down roads and often encroach...Published: 11 Mar 2024 at 11:30hrs | 372 | by Staff reporter
Why Donald Trump's support has been growing!
My friends in Europe and in Africa ask me the perennial question. What makes for Donald Trump's longevity in American politics? And why are the Democrats trying their best to lock him up in a ja...Published: 10 Mar 2024 at 06:59hrs | 596 | by Kenneth Mufuka
Mnangagwa niece's legacy woes haunt ZBC
THE Zimbabwe Broadcasting Corporation (ZBC) is grappling with serious management challenges linked to Helliate Rushwaya - the newly appointed board chair - during her tenure as the acting chief execut...Published: 10 Mar 2024 at 06:51hrs | 1619 | by Staff reporter
47 farms earmarked for new city
FORTY-SEVEN farms in Mashonaland West and Mashonaland Central provinces have been earmarked for the development of the new capital city in Mt Hampden, where work on core infrastructure, which includes...Published: 10 Mar 2024 at 06:24hrs | 435 | by Staff reporter
Uncle Sam not letting go of little Zimbabwe
THERE is something interesting about the new United States sanctions regime announced this week. Besides President Joseph Biden making a statement, the US National Security Council made one too. What ...Published: 09 Mar 2024 at 09:16hrs | 250 | by Paidamoyo Muzulu
Mthuli Ncube sees $18bn debt talks on course despite US exit
Talks on the restructuring of Zimbabwe's $18 billion debt remain on track, even after the US paused its involvement in the discussions, Finance Minister Mthuli Ncube said.The discussions led b...Published: 07 Mar 2024 at 05:13hrs | 554 | by Staff reporter
Zimbabwe debt set to balloon
ZIMBABWE is set to finance its 2024 total budget financing gap of ZWL$9,2 trillion through domestic and external borrowing, a development that will further sink the country deep into debt.Acco...Published: 28 Feb 2024 at 06:28hrs | 205 | by Staff reporter
Shock as ZANU PF MPs demand incentives for Mnangagwa's 3rd term bid
In a surprising turn of events, members of parliament have reportedly demanded incentives, including cash and land, in exchange for their support of President Mnangagwa's bid for a third term in offic...Published: 24 Feb 2024 at 14:28hrs | 1536 | by Samkeliso Ncube
Business Scaling: When is the right time?
Business scaling refers to expanding a business in a sustainable and manageable way. Unlike simple business growth, which can be unplanned or organic, it's a deliberate and strategic effort to increas...Published: 16 Feb 2024 at 09:34hrs | 330 | by Staff Reporter
Zimbabwe to benefit from AfDB's US$40m Mozambique facility
THE African Development Bank's (AfDB) US$40 million loan to Mozambique's State-owned rail and port authority, Portos e Caminhos de Ferro de Moçambique EP (CFM), will help neighbouring countries, incl...Published: 09 Feb 2024 at 06:59hrs | 183 | by Staff reporter
EcoCash reintroduces US-dollar loans
LEADING financial services company, EcoCash, has re-introduced the Kashagi loans in United States dollars, reaffirming its commitment to providing accessible financial services to its customers....Published: 06 Feb 2024 at 15:01hrs | 278 | by Staff reporter
Mutsvangwa failed war veterans
FIRED War Veterans and Liberation Struggle Affairs minister Chris Mutsvangwa was at loggerheads with war veterans, who believe he did little to improve their welfare and incorporation into the develop...Published: 05 Feb 2024 at 18:26hrs | 604 | by Staff reporter
Zimbabwe electricity imports down 57%
ZIMBABWE has started reaping savings from reduced energy imports following improved domestic electricity generation mainly from the upgraded Hwange Thermal Power Station and the rising contribution by...Published: 30 Jan 2024 at 04:22hrs | 1185 | by Staff reporter
Zanu-PF intensifies by-elections campaign
Zanu-PF has intensified its campaign for the Mkoba North constituency in Gweru and Kwekwe's Ward 10 council seat ahead of the February 3 by-elections.Teams have been deployed in the areas wher...Published: 25 Jan 2024 at 04:15hrs | 103 | by Staff reporter
US$300 Covid allowance goes permanent as salary
Civil servants will now be receiving the old US$300 Covid-19 allowances as part of their permanent pensionable salary, with the first batches of workers, including uniformed forces and health workers,...Published: 12 Jan 2024 at 05:02hrs | 823 | by Staff reporter
Only 30% of Bulawayo residents own houses
THE majority of Bulawayo residents live in rented houses amid revelations that only 30 percent are homeowners as the city council is struggling to clear the housing backlog of about 120 000 units....Published: 11 Jan 2024 at 05:12hrs | 237 | by Staff reporter
Zimbabwe electricity production forecast to jump 17%
ZIMBABWE anticipates a 17,4 percent surge in electricity production this year, as the country seeks to reduce expensive imports and load shedding that negatively affected businesses and households in ...Published: 03 Jan 2024 at 05:25hrs | 264 | by Staff reporter
Zimbabwe's ailing SOEs owe Chinese, Indian banks US$1.7billion
ZIMBABWE has accessed loans of up to USS$1.7 billion from Chinese and Indian banks to shore up technically insolvent state-owned enterprises (SOEs), a leading regional financier has revealed.A...Published: 31 Dec 2023 at 12:57hrs | 326 | by Staff reporter
Zimbabwe govt pushes seed producers into a serious crisis
The government received seed valued at over US$62 million from seed companies without making the corresponding payments, plunging producers into crisis during an already challenging drought-hit season...Published: 27 Dec 2023 at 11:31hrs | 353 | by Staff reporter
Is China good for Zimbabwe?
IMAGINE your father having an "all-weather friend" who appears to stand by him in every situation.This seemingly "all-weather friend", however, looks away as your father brutally batters your ...Published: 20 Dec 2023 at 09:10hrs | 714 | by Tendai Ruben Mbofana
Mthuli Mthuli gives in to MPs' demands
FINANCE minister, Mthuli Ncube, has been forced to increase the budget allocation for Parliament to curry favour with legislators after they threatened not to pass his 'anti-poor' budget.Membe...Published: 20 Dec 2023 at 06:13hrs | 1395 | by Staff reporter
Zanu-PF MPs wants to bring spouses to hotel stays during parliament business trips
Members of Parliament (MPs) are urging the government to compare their compensation with that of neighboring South Africa. Additionally, they are requesting permission to bring their spouses to offici...Published: 18 Dec 2023 at 04:54hrs | 428 | by Staff reporter
Zanu-PF MPs press Mthuli Ncube to raise their salaries
Zanu-PF MPs pressed finance minister Mthuli Ncube to raise their salaries and commit to give them houses and Toyota Land Cruisers before passing his budget on Thursday.Comparing themselves to ...Published: 16 Dec 2023 at 17:38hrs | 1086 | by Staff reporter
Is China really helping suffering Zimbabweans?
Imagine your father has an 'all-weather friend', who appears to stand by him in every situation.He looks away as your father brutally batters your mother and does not appear to give a hoot whe...Published: 14 Dec 2023 at 12:39hrs | 468 | by Tendai Ruben Mbofana
World Bank hails Zimbabwe's tight Monetary Policy stance
THE World Bank (WB) has commended the Reserve Bank of Zimbabwe (RBZ) for putting in place a tight Monetary Policy alongside other interventions which have managed to ease inflationary pressures....Published: 14 Dec 2023 at 03:57hrs | 684 | by Staff reporter
Mnangagwa's govt dangles collateral-free loans to youths
GOVERNMENT on Tuesday unveiled a collateral-free loan facility targeting youths.The facility, to be administered by the country's first youth-centric EmpowerBank, was unveiled during the fifth...Published: 14 Dec 2023 at 03:55hrs | 1300 | by Staff reporter
Open letter to President Mnangagwa
Dear President Mnangagwa,I WRITE this letter to you with a heavy heart, as a disability rights activist, lawyer and a Zimbabwean citizen.December 3 is a day set aside by the United Nat...Published: 07 Dec 2023 at 05:29hrs | 435 | by Abraham Mateta
Secrecy surrounding resource-backed loans in Zimbabwe
IntroductionTO realize the aspirations of Vision 2030, Zimbabwe needs to invest US$2 billion in infrastructure development in five consecutive years to close the infrastructure asset gap, a hu...Published: 07 Dec 2023 at 05:29hrs | 150 | by Mbongeni Nhliziyo
Zimbabwe political parties should respect voters
THE election season is upon us once again with Vice-President Constantino Chiwenga promising youth in Bulawayo that government will create more jobs for the constituency.Drumming up support fo...Published: 05 Dec 2023 at 05:20hrs | 252 | by Staff reporter
Mthulisi Mathuthu completes his PhD studies
Zimbabwean media journalist Mthulisi Mathuthu who worked for the Zimbabwe Independent and the now defunct Mirror Group of newspapers, among other key local publications, has completed his PhD studies,...Published: 04 Dec 2023 at 18:55hrs | 943 | by Staff reporter
Zimbabwe's an anti-poor budget
Finance, Economic Development and Investment Promotion minister Mthuli Ncube yesterday presented the ZWL$58,2 trillion 2024 national budget.According to the Treasury chief, the economy is proj...Published: 01 Dec 2023 at 04:55hrs | 263 | by Staff reporter
ZETDC in the red
THE Auditor-General (AG)'s latest report has revealed that the Zimbabwe Electricity Transmission and Distribution Company (ZETDC)'s liabilities currently exceed its assets by ZWL$24,5 billion....Published: 28 Nov 2023 at 05:28hrs | 779 | by Staff reporter
Zimbabwe records 468 000t wheat harvest
The successful land reform paid dividends to wheat farmers this season following the attainment of a resounding record wheat harvest of 467 905 tonnes compared to 375 000 tonnes last season with farme...Published: 28 Nov 2023 at 05:17hrs | 186 | by Staff reporter
The ultimate guide to finding the perfect franchise
Are you tired of working a 9-5 job and dreaming of being your own boss? Have you considered investing in a franchise but don't know where to start? Look no further! In this ultimate guide, we will wal...Published: 15 Nov 2023 at 09:32hrs | 531 | by Staff Reporter
Zimbabwean soldiers' morale hits rock bottom
MORALE among members of the Zimbabwe Defence Forces (ZDF) is at its lowest due to lack of funding, which has pushed some members to engage in corrupt activities, a government official has revealed....Published: 06 Nov 2023 at 05:01hrs | 1143 | by Staff reporter
Maybe if there had been no social media, Zimbabwe would be free today!
When I started writing these social justice articles way back in 1989, as a form three pupil, the world was a very different place.Those of us who had chosen this path - of speaking for the op...Published: 05 Nov 2023 at 13:23hrs | 404 | by Tendai Ruben Mbofana
'Zimbabwe's hastened currency shift won't end lending crisis'
Economists suggest that the recent issuance of a Statutory Instrument (SI) extending the use of multiple currencies in Zimbabwe until 2030 may have revealed the extent of President Emmerson Mnangagwa'...Published: 03 Nov 2023 at 14:55hrs | 385 | by Staff reporter
Kirsty Coventry begs Treasury for infrastructure development
Sports Arts and Culture Minister, Kirsty Coventry, made a plea to the treasury for funding to address the dire state of sports infrastructure, implicitly urging the government to invest in sports....Published: 03 Nov 2023 at 05:43hrs | 152 | by Staff reporter
Zimbabwe retailers index prices in USD
The foreign currency exchange rate system implemented by the Reserve Bank of Zimbabwe (RBZ) mandates that prices must be displayed in both local currency and foreign currency. Retailers are required t...Published: 31 Oct 2023 at 05:37hrs | 173 | by Staff reporte
US$115m loan for NRZ imminent
The National Railways of Zimbabwe is on the verge of finalizing a loan agreement of US$115 million with the African Export-Import Bank (Afreximbank). Out of this amount, $81 million will be allocated ...Published: 29 Oct 2023 at 12:25hrs | 93 | by Staff reporter
Mnangagwa presides over the handover ceremony of the New Parliament building
Today, His Excellency President Emmerson Mnangagwa will preside over the handover ceremony of the China-aided New Parliament building project in Mt Hampden.Zimbabwe's new parliament gives an a...Published: 26 Oct 2023 at 10:33hrs | 427 | by Staff reporter
Sanctions have cost Zimbabwe US$150 billion
In the past 22 years, Zimbabwe has incurred a loss of over US$150 billion in potential revenue, opportunities, donor support, and loans due to the illegal sanctions imposed by the United States of Ame...Published: 26 Oct 2023 at 06:31hrs | 66 | by Staff reporter
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