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Mnangagwa's govt dangles US$20m for lithium battery plant
FINANCE and Economic Development Minister Professor Mthuli Ncube says the Government is ready to put forward US$20 million to partner investors willing to invest in a lithium battery manufacturing pro...Published: 03 Feb 2023 at 06:44hrs | 873 | by Staff Reporter
AfDB rallies support for Zimbabwe debt solution
When the African Development Bank (AfDB) president, Dr Akinwumi Adesina, speaks on the effects of devastating economic sanctions slapped on Zimbabwe over two decades ago by Britain and her western all...Published: 15 Dec 2022 at 00:21hrs | 609 | by Staff reporter
Zimbabwe govt pays US$50,28m to service external debt
TREASURY paid out US$50,28 million between January and September this year towards servicing its active debt portfolio while token payments were also made for debt arrears owed to International Financ...Published: 29 Nov 2022 at 05:15hrs | 232 | by Staff reporter
Mnangagwa invites African finance houses for talks
ZIMBABWE is ready to tap into available financial services provided by the Africa Export and Import Bank (Afreximbank) and the African Development Bank (AfDB) to bolster its industrial transformation ...Published: 28 Nov 2022 at 04:54hrs | 221 | by Staff reporter
Zimbabwe foreign debt now US$14.4bn
DEBT-RIDDEN Zimbabwe's total official Public and Publicly Guaranteed (PPG) debt is estimated at ZW$2.2 trillion for domestic debt and US$14 billion for external debt (including blocked funds of US$3.1...Published: 27 Nov 2022 at 14:58hrs | 266 | by Staff reporter
Mnangagwa woos investors at AfDB organised forum
PRESIDENT Emmerson Mnangagwa has invited investors who graced the recently held Africa Development Bank (AfDB) organised event to tap into the country's agricultural, mining and manufacturing sectors ...Published: 13 Nov 2022 at 17:32hrs | 77 | by Staff reporter
Mthuli Ncube transforms from technocrat to political player
IF ever there was any doubt, Finance minister Mthuli Ncube has fully abandoned his posture as a neutral technocrat after being elected a Zanu-PF central committee member last weekend.The centr...Published: 23 Oct 2022 at 18:55hrs | 2492 | by Staff reporter
Mnangagwa calls for shared African values
AFRICA's shared values and common challenges should not only bring the continent closer, but also help nurture the capacity to build a stable and conflict-free Africa that is needed to promote sustain...Published: 29 Aug 2022 at 06:27hrs | 157 | by Staff reporter
Zimbabwe to host high-level forum on debt resolution
The Zimbabwean government said Thursday it will soon host a high-level debt resolution forum with development partners and other stakeholders aimed at building consensus among stakeholders on resolvin...Published: 29 Jul 2022 at 06:56hrs | 503 | by Staff reporter
Harare-Beitbridge highway project: A new big step in the right direction
AS we turn right off the Harare-Beitbridge highway - just before the intersection of the Harare and Bulawayo arteries five kilometres north of Beitbridge Border Post on the banks of the Limpopo River ...Published: 25 Jul 2022 at 07:57hrs | 1467 | by Staff reporter
Zimbabweans have suffered long enough, says African Development Bank boss
THE African Development Bank (AfDB) says it has accepted to assist Zimbabwe's US$13,5 billion debt clearance plan partly because of the need to alleviate the country's citizens from the impact of extr...Published: 13 Jul 2022 at 07:26hrs | 12517 | by Staff reporter
AfDB to lead Zimbabwe debt clearance roadmap
AFRICAN Development Bank (AfDB) president Dr Akinwumi Adesina has formally accepted President Mnangagwa's request to lead Zimbabwe's debt clearance strategy, which is key for Harare to unlock fresh fu...Published: 13 Jul 2022 at 07:17hrs | 153 | by Staff reporter
African Development Bank Group Chief in Zimbabwe to get Debt Clearance Plan Underway
HARARE - African Development Bank Group President Dr. Akinwumi Adesina arrived in Zimbabwe at the start of a two-day official visit to the country.Adesina accepted a request in February by the...Published: 12 Jul 2022 at 14:15hrs | 532 | by APO
ZimFund $23 Million Power Project Ready to Roll with Delivery of New Transformer
HARARE, Zimbabwe - An Emergency Power Infrastructure Rehabilitation Project funded by ZimFund, has reached the last leg of implementation with the deliver...Published: 12 Jul 2022 at 08:17hrs | 1047 | by APO
Bulawayo avails 5 000 stands, another 5 000 in Masterplan
THE Bulawayo City Council (BCC) has availed more than 5 000 residential stands in various suburbs with another 5 000 outlined in its master plan as part of efforts to clear the city's housing backlog,...Published: 08 Jul 2022 at 07:35hrs | 3416 | by Staff reporter
US$37 million project stabilises Bulawayo water supply
MASSIVE waterworks initiated by Government and its partners have resulted in the installation of new pumping equipment, rehabilitation of water and sewer treatment plants in Bulawayo, with the Lake Gw...Published: 23 Jun 2022 at 06:44hrs | 332 | by Staff reporter
Zimbabwe abandons debt relief initiative
The Zimbabwe government has abandoned its plan to access a debt relief facility under the Highly Indebted Poor Countries (HIPC) initiative, meant to resolve its unsustainable debt, Business Times repo...Published: 02 Jun 2022 at 09:29hrs | 1158 | by Staff reporter
Cargo tracking improves Zimra tax compliance
THE Zimbabwe Revenue Authority (Zimra) has seen improved tax compliance due to its new electronic cargo tracking system (ECTS), which has enhanced monitoring of taxpayers and transit freight in the co...Published: 31 May 2022 at 06:25hrs | 115 | by Staff reporter
132% inflation no cause for 'panic', says Mthuli Ncube
Zimbabwe is taking steps to tackle an inflation rate that's jumped to 132% after its currency slumped, Finance Minister Mthuli Ncube said."We are instituting measures that every other country ...Published: 27 May 2022 at 06:53hrs | 2915 | by Staff reporter
Zimbabwe govt desperate for Western bailout
Zimbabwe has taken its begging bowl to the international community as it desperately seeks financial sponsors to help pay off nearly US$2.5 billion in external arrears owed to the World Bank and the A...Published: 30 Apr 2022 at 16:25hrs | 1071 | by Staff reporter
Packed programme as ZITF roars to life
THE 62nd edition of the Zimbabwe International Trade Fair (ZITF) begins tomorrow with Kenyan President Uhuru Kenyatta now unable to come for the official opening as earlier scheduled following the dea...Published: 25 Apr 2022 at 08:50hrs | 226 | by Staff reporter
AfDB to launch new Zimbabwe fund
THE African Development Bank (AfDB) is set to unveil the Zimbabwe Fund for Transition (ZimFort) that will provide funding towards ICT, transport and agriculture sectors.ZimFort is a successor ...Published: 13 Apr 2022 at 06:40hrs | 243 | by Staff reporter
Zacc probes govt ministries
THE Zimbabwe Anti-Corruption Commission (Zacc) is investigating government ministries named in the latest AuditorGeneral's (AG) report accused of misappropriating public funds with an aim to prosecute...Published: 08 Apr 2022 at 12:10hrs | 515 | by Staff reporter
Zimbabwe committed to clear debt arrears
The government is committed to clear its debt arrears with international financial institutions (IFIs) to unlock fresh capital, the Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya (pictured) sa...Published: 08 Apr 2022 at 09:16hrs | 93 | by Staff reporter
Largest solar plant set for Matebeleland South
A 2,5MW solar power plant expected to be the single largest rural electrification project in the country is set to be constructed in Manama, Gwanda in Matebeleland South, at a cost of US$4,5 million....Published: 31 Mar 2022 at 08:39hrs | 370 | by Staff reporter
Zimra implements strategic plan
The Zimbabwe Revenue Authority is in the process of implementing various projects that are part of its five-year strategy to transform service delivery, ease of doing business as well as plugging reve...Published: 31 Mar 2022 at 08:35hrs | 55 | by Staff reporter
WB, AfDB bankroll Zimbabwe renewable energy projects
THE World Bank (WB) and African Development Bank (AfDB) have been assisting the Zimbabwean government to implement the renewable energy policy to enhance use of alternative energies.This was r...Published: 24 Mar 2022 at 05:24hrs | 817 | by Staff reporter
6 more cyclones forecast to hit Zimbabwe
At least six more tropical cyclones that will develop in the south-west Indian Ocean this season are expected to reach Zimbabwe during the current rainy season, although there are no predictions of th...Published: 10 Feb 2022 at 05:28hrs | 882 | by Staff reporter
Engineer Simela Dube laid to rest
THE late Bulawayo City Council (BCC) Director of Engineering Services Engineer Simela Dube epitomised humility and tackled Bulawayo service delivery challenges head on.Through his innovations,...Published: 05 Jan 2022 at 05:53hrs | 431 | by Staff reporter
AfDB oils Zesa wheels
THE African Development Bank (AfDB) has donated 10 vehicles worth US$800 000 to Zesa Holdings to enable the power utility to reach out to areas where electricity supplies were cut off by Cyclone Idai ...Published: 16 Dec 2021 at 23:29hrs | 572 | by Staff reporter
Zimbabwe must step up reform agenda, says IMF
ZIMBABWE should step up its reform agenda in order to quicken economic growth and normalise relations with the international community and multilateral lenders, the International Monetary Fund says....Published: 22 Nov 2021 at 06:14hrs | 8 | by Staff reporter
Zimbabwe to import 400MW to bridge power deficit
STATE power utility, Zesa Holdings, intends to import up to 400 megawatts from Mozambique and Zambia as part of measures to end a debilitating power crisis, a senior executive said.This comes ...Published: 15 Nov 2021 at 05:20hrs | 13 | by Staff reporter
Zimbabwean to head AfDB's South Sudan operations
THE African Development Bank Group (AfDB) has appointed Themba Bhebhe, a Zimbabwean national, as South Sudan country manager effective October 1, 2021.Bhebhe joined the pan-African bank in 200...Published: 31 Oct 2021 at 07:05hrs | 3 | by Staff reporter
Youths urged to continue resisting illegal sanctions
PRESIDENT Mnangagwa has commended the country's citizens for resisting machinations by the country's detractors to effect regime change through the use of illegal economic sanctions imposed to alienat...Published: 21 Oct 2021 at 06:17hrs | 6 | by Staff reporter
UN spotlights Zimbabwe sanctions
PRESIDENT Mnangagwa yesterday met United Nations (UN) special rapporteur, Ms Alena Douhan, who is in the country to assess the impact of unilateral coercive measures imposed on the country by the Unit...Published: 19 Oct 2021 at 06:26hrs | 2 | by Staff writer
Mnangagwa says his govt will not continue crying over sanctions
PRESIDENT Emmerson Mnangagwa says his administration will not continue mourning over sanctions imposed against Zimbabwe by the West some 20 years ago.He said despite the sanctions in place, Go...Published: 17 Oct 2021 at 09:11hrs | 5 | by Agencies
Zimbabwe to lose out on loans
ZIMBABWE is set to miss out on a multi-million-dollar fund for countries sharing the Zambezi watercourse because of its external debt estimated at US$10,5 billion.The funds will be disbursed t...Published: 15 Oct 2021 at 20:20hrs | 12 | by Staff reporter
Zimbabwe Infrastructure Summit set for next week
Global Renaissance Investments (GRI) will next week host the fifth edition of the Zimbabwe Infrastructure Investment Summit in Harare.The summit is set for October 14.The Zimbabwe Infr...Published: 10 Oct 2021 at 06:35hrs | 4 | by Staff reporter
Zimbabwe political uncertainty hampering energy sector revival, says AfDB
THE African Development Bank (AfDB) has cited an unstable political environment and the risk of expropriation as some of the reasons unnerving potential investors from injecting capital in Zimbabwe's ...Published: 03 Oct 2021 at 08:20hrs | 14 | by Staff reporter
Bulawayo residents face 216% rates hike
BULAWAYO rate payers are expected to pay an average of 216 percent more in tariffs as the local authority has proposed a $24 billion budget for the coming year.The budget consists of a $16,8 b...Published: 01 Oct 2021 at 07:53hrs | 5 | by Staff reporter
Mnangagwa is the best boss ever, claims Mthuli Ncube
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has showered praises on President Mnangagwa's leadership, describing him as the "best boss" to ever work with and under.Since...Published: 30 Sep 2021 at 07:14hrs | 8 | by Staff reporter
Govt lavishes Mthuli Ncube with a US$200 000 hotel stay
GOVERNMENT allegedly splurged over US$200 000 on Finance minister Mthuli Ncube (pictured)'s accommodation after his lengthy stay at a five-star hotel in the capital before he relocated to a plush home...Published: 24 Sep 2021 at 09:50hrs | 174 | by Staff reporter
Solutions to Zimbabwe debt, fiscal deficits
THE Labour and Economic Development Research Institute of Zimbabwe (Ledriz) has crafted a cocktail of measures which could be a solution to Zimbabwe's debt problems, fiscal deficits, stunted growth an...Published: 24 Sep 2021 at 09:45hrs | 4 | by Staff reporter
Foreign currency receipts surge
ZIMBABWE'S foreign currency receipts increased by 32% to US$5,09 billion during the eight months ended August 7, 2021, as industries shook-off the effects of a difficult 2020 to ship more products to ...Published: 24 Sep 2021 at 09:22hrs | 2 | by Staff reporter
Mthuli Ncube to launch US$ bond on VFEX
WITH the Victoria Falls Stock Exchange (VFEX) being one of the innovation reforms meant to support the process of financial deepening, Government is working on launching a US$ bond and list it on the ...Published: 05 Sep 2021 at 06:58hrs | 19 | by Staff reporter
Zimbabwe: A farmer harvests success in refugee camp
ABIDJAN, Ivory Coast - When Jean Damacene arrived at the Tongogara Refugee Camp in Zimbabwe, he was 38 years old and hoping to return to his country Rwanda soon. Eighteen years later, the maize farmer...Published: 03 Sep 2021 at 14:14hrs | | by APO
2021 Mid Term Monetary & Budget analysis
The latest mid-term budget and monetary policy statements were presented in a low key mode with emphasis on avoiding policy shocks that can rock the economy. The Zimbabwean government revised upwards ...Published: 01 Sep 2021 at 15:30hrs | 2 | by Victor Bhoroma
Amacimbi processing plant set up in Beitbridge District
GOVERNMENT in conjunction with development partners has set up the country's first state-of-the-art mopani worm processing plant in Matshiloni area in Beitbridge District, Matabeleland South. The amac...Published: 10 Aug 2021 at 06:37hrs | 23 | by Staff reporter
COVID-19 decimates BCC workforce
THE Bulawayo City Council (BCC) has resolved to retest its workers who are in isolation in order to increase the number of workers reporting for duty and reduce the burden on its depleted staff....Published: 04 Aug 2021 at 06:27hrs | 4 | by Staff reporter
Why Bulawayo service delivery is collapsing
LONG-TOUTED as the best-run local authority in the country, the Bulawayo City Council (BCC) is failing to offer efficient services as seen by collapsing water and sewer infrastructure, failureto f...Published: 04 Jul 2021 at 14:33hrs | 15 | by Staff reporter
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