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UK overtakes China as second-largest US Treasury holder
China's recorded holdings of US Treasuries have fallen below those of the UK for the first time since the start of the century, underlining a shift in Beijing's management of its foreign reserves....Published: 21 Jul 2025 at 19:41hrs | 309 | by Staff reporter
Meikles's debt to suppliers raises fresh concerns
Meikles Limited's trade payables more than doubled to ZiG925,78 million in its financial year ended February 28, 2025, sparking fears of deepening debt pressures within Zimbabwe's formal retail sector...Published: 21 Jul 2025 at 12:34hrs | 399 | by Staff reporter
Mwonzora risks losing party property over salary arrears
MDC-T leader Douglas Mwonzora is at risk of having party property attached following a court's decision to grant an application by a former employee seeking enforcement of a ruling for unpaid wages....Published: 21 Jul 2025 at 12:18hrs | 222 | by Staff reporter
Stanbic Bank Beyond Borders: Empowering Zimbabwean Businesses for Regional Integration
Stanbic Bank Zimbabwe recently held a business breakfast - Beyond Borders Breakfast – which marked a defining moment for Zimbabwean enterprises eyeing regional and international expansion.Th...Published: 19 Jul 2025 at 09:38hrs | 197 | by Agencies
RBZ exposes massive money laundering
The Reserve Bank of Zimbabwe (RBZ) has unearthed large-scale illicit financial flows (IFFs) in the country's real estate and motor vehicle dealership sectors, revealing industrial-scale money launderi...Published: 18 Jul 2025 at 14:40hrs | 1470 | by Staff reporter
Why Zimbabwe is not in First World
Forty-FIVE years since gaining Independence in 1980, Zimbabwe remains far from attaining First World status.This is not due to a lack of knowledge, exposure or vision. In fact, many of Zimbabw...Published: 18 Jul 2025 at 08:44hrs | 349 | by Jacob Mutisi
Luton open to selling Nakamba
LUTON Town manager Matt Bloomfield has indicated the club is willing to sell midfielder Marvelous Nakamba this summer if a suitable offer is received.Nakamba still has a year remaining on his ...Published: 17 Jul 2025 at 08:58hrs | 1497 | by Staff reporter
Mzembi remains on remand as application is dismissed
Former Foreign Affairs Minister Walter Mzembi's bid to have his placement on remand quashed has been thrown out by Harare regional magistrate Donald Ndirowei, further paving the way for the continuati...Published: 14 Jul 2025 at 15:44hrs | 305 | by Staff reporter
Zimbabwe adopts multi-pronged strategy to manage debt
Zimbabwe is pursuing a multi-faceted approach to address its US$21 billion debt obligations, with the government considering leveraging the country's abundant natural resource...Published: 14 Jul 2025 at 07:47hrs | 125 | by Staff reporter
Vumbunu brothers still in SA custody
The notorious Vumbunu brothers, Abraham and Elijah Temayi Vumbunu, are currently held in custody in South Africa following their arrest in connection with the massive US$4 million robbery at Ecobank t...Published: 13 Jul 2025 at 11:19hrs | 112 | by Staff reporter
Primary School head charged with procurement violations
Mezah Mazambiri, headmaster of Glaudina Council Primary School, appeared before Harare magistrate Mrs. Marehwanazvo Gofa on charges of criminal abuse of office linked to alleged violations of the Mini...Published: 13 Jul 2025 at 11:15hrs | 33 | by Staff reporter
Zimbabwe's foreign currency reserves surge
Zimbabwe's foreign currency reserves have maintained strong momentum, with the Reserve Bank of Zimbabwe (RBZ) reporting that, by the end of June 2025, the reserve holdings were more than three times h...Published: 10 Jul 2025 at 08:56hrs | 128 | by Staff reporter
Masimirembwa under intense scrutiny over Tagwirei vehicle donations
ZANU-PF Harare Province chairperson Godwills Masimirembwa is under intense scrutiny following allegations that his executive accepted a fleet of vehicles from controversial businessman Kudakwashe Tagw...Published: 09 Jul 2025 at 11:21hrs | 694 | by Staff reporter
Open letter to the President of Zambia, Hakainde Hichilema
An Open Letter to the President of Zambia, Hakainde Hichilema: I will not be silenced until death or a better Zambia emerges, whichever comes firstDear President Hichilema,Yesterday, I...Published: 09 Jul 2025 at 09:24hrs | 1107 | by Sishuwa Sishuwa
Health Director's corruption case flops
The much-anticipated trial of Portia Manangazira, Health Director responsible for planning, coordination, and management of health programs at the Ministry of Health and Child Care, once again failed ...Published: 09 Jul 2025 at 08:02hrs | 302 | by Staff reporter
Mnangagwa's ally takes over City Sports Centre
President Emmerson Mnangagwa's special advisor, Paul Tungwarara, has been handed the reins to oversee the long-awaited renovation of the City Sports Centre, a once-proud Harare landmark that has suffe...Published: 09 Jul 2025 at 07:58hrs | 317 | by Staff reporter
How Tagwirei's ascent threatens - and could reward - investors
Zimbabwe's political landscape has erupted into a new era of factionalism, with sanctioned tycoon Kudakwashe Tagwirei's meteoric rise within the ruling ZANU-PF party becoming a flashpoint. As the 2028...Published: 08 Jul 2025 at 15:18hrs | 576 | by Harrison Brooks
Zimbabwean consumers failing to secure loans from banks
Zimbabwean consumers are facing increasing difficulties in accessing loans from traditional banking institutions due to low wages and the escalating cost of living, according to the IH Zimbabwe Consum...Published: 08 Jul 2025 at 12:10hrs | 199 | by Staff reporter
Siblings' inheritance dispute spills into court
A Glen View woman has successfully obtained a protection order against her brother following a violent altercation over the distribution of their late father's estate.Alice Muteve appeared bef...Published: 07 Jul 2025 at 08:51hrs | 393 | by Staff reporter
Zanu-PF tells members that donated vehicles must be registered
Tensions are rising within Zanu-PF after the party's top leadership issued a directive requiring all assets-including motor vehicles-donated in the party's name to individuals or organisations to be h...Published: 07 Jul 2025 at 08:48hrs | 253 | by Staff reporter
Bulawayo residents raise alarm over council procurement processes
Bulawayo residents have voiced growing concern over the Bulawayo City Council's (BCC) procurement and tender procedures, accusing the local authority of a lack of transparency that has led to shoddy w...Published: 07 Jul 2025 at 08:45hrs | 107 | by Staff reporter
Ecobank robbery case collapses
A high-profile case tied to the US$4 million Ecobank armed robbery has crumbled after police admitted they had no evidence linking a local security guard to the dramatic heist.Sibonginkosi Sib...Published: 05 Jul 2025 at 14:52hrs | 437 | by Staff reporter
Armed robbery charges dropped
After intense back-and-forth between the police and the National Prosecuting Authority (NPA), prosecutors have dropped armed robbery charges against two men previously linked to the sensational US$4 m...Published: 05 Jul 2025 at 04:02hrs | 798 | by Staff reporter
US Congress proposes sanctions against South Africa
A controversial bill introduced in the United States Congress aims to cut off direct aid to South Africa and impose targeted sanctions on its political leaders, citing the country's legal action again...Published: 04 Jul 2025 at 19:57hrs | 2338 | by Staff reporter
Air Zimbabwe pays $1mn to rejoin GDSs
Air Zimbabwe has settled more than US$1 million in outstanding debts to key international service providers, a development that paves the way for its reintegration into global ticketing and code-shari...Published: 04 Jul 2025 at 12:56hrs | 339 | by Staff reporter
RBZ to launch diaspora-backed securities
The Reserve Bank of Zimbabwe (RBZ) is preparing to introduce securitised financial instruments backed by diaspora remittances, a bold move aimed at unlocking over US$1 billion in annual inflows ...Published: 04 Jul 2025 at 12:41hrs | 315 | by Staff reporter
Gweru faces rising manhole cover thefts
The City of Gweru is battling a growing crisis as scrap metal thieves shift their focus to manhole covers made from cast iron, ductile iron, and galvanised steel - a move city authorities say is compr...Published: 04 Jul 2025 at 07:40hrs | 125 | by Staff reporter
Councils told to comply with public procurement regulations
The government has called on local authorities across Zimbabwe to strictly adhere to public procurement regulations to uphold accountability and prevent legal disputes that continue to plague municipa...Published: 03 Jul 2025 at 09:24hrs | 95 | by Staff reporter
First Mutual Holdings suffers US$27 million loss
Financial services group First Mutual Holdings Limited (FMHL) has reported a significant after-tax loss of US$27.11 million for the financial year ended December 31, 2024, reversing the previous year'...Published: 02 Jul 2025 at 12:05hrs | 229 | by Staff reporter
Mnangagwa's office warns line ministries
The Office of the President and Cabinet (OPC) has issued a stern warning to senior Government officials and line ministries who are reportedly undermining the constitutional mandate of local authoriti...Published: 02 Jul 2025 at 09:12hrs | 423 | by Staff reporter
Zimbabwe govt to clear pre-2009 pensions backlog
The Zimbabwean Government is finalizing amendments to Statutory Instrument (SI) 162 of 2023 to fast-track compensation payments to private sector pensioners who lost significant value in their s...Published: 01 Jul 2025 at 08:23hrs | 455 | by Staff reporter
Foreign investment fuels Matabeleland gold rush
A surge in foreign investment and exploration activity in Zimbabwe's Matabeleland region is being hailed by mining analysts as a strong vote of confidence in the country's mining sector. This renewed ...Published: 29 Jun 2025 at 19:02hrs | 2695 | by Staff reporter
ZERA defends US$191,000 IT equipment purchase
The Zimbabwe Energy Regulatory Authority (ZERA) has issued a statement defending its recent US$191,679.50 procurement of laptops and desktop computers, following growing public interest and criticism ...Published: 29 Jun 2025 at 18:56hrs | 203 | by Staff reporter
If Chiwenga is genuine about fighting corruption, then we need action - not just words
There's a saying: action speaks louder than words. Vice President Constantino Chiwenga's recent bold remarks against corruption have stirred debate across Zimbabwe. To direct...Published: 29 Jun 2025 at 18:23hrs | 245 | by Tendai Ruben Mbofana
Zesa rebundling begins
Mutapa Investment Fund (MIF) has initiated the process of rebundling ZESA Holdings, aiming to streamline operations, enhance efficiency, and reduce costs within Zimbabwe's struggling electricity secto...Published: 29 Jun 2025 at 11:21hrs | 7436 | by Staff reporter
Herbert Nkala to exit OK Zimbabwe in restructuring move
OK Zimbabwe has announced a major leadership reshuffle and a US$30.5 million capital-raising initiative aimed at stabilising operations and restoring market confidence, as the retail giant battles int...Published: 29 Jun 2025 at 11:17hrs | 215 | by Staff reporter
Zimbabwe bank heist now treated as attempted robbery
What was initially reported as a major armed robbery in Mt Darwin, in which US$700,000 and 2.4 kilogrammes of gold were allegedly stolen, is now being treated as an attempted robbery, the Zimbabwe Rep...Published: 27 Jun 2025 at 19:47hrs | 1625 | by Staff reporter
Chiyangwa locked up over US$583 660 cryptocurrency fraud
A Harare woman, Melissa Messe Samantha Chiyangwa, appeared in court this week charged with swindling a prominent eye specialist of nearly US$600,000 in a complex cryptocurrency scam spanning over two ...Published: 27 Jun 2025 at 15:19hrs | 774 | by Staff reporter
Chivayo exposed as the beneficiary of cancer machine contract
Embattled businessman and ZANU PF-linked tenderpreneur Wicknell Chivayo has been exposed as the beneficiary of a staggering US$437 million government contract for the supply of cancer treatment equipm...Published: 24 Jun 2025 at 13:15hrs | 1235 | by Staff reporter
When Mnangagwa buries his colleagues, does he ever reflect on the legacy he will leave behind?
Life offers us countless moments for introspection - but it is up to us to seize them.This evening, I watched a news bulletin covering the burial of the late Luke Mushore - another in a long l...Published: 24 Jun 2025 at 11:29hrs | 694 | by Tendai Ruben Mbofana
Surely, what lessons in business success can Tagwirei teach our youth?
Our youth are the greatest asset to our nation's future, and we cannot afford to lead them astray.Zimbabwe is a nation desperate for authentic leadership, especially for its youth. ...Published: 24 Jun 2025 at 11:24hrs | 282 | by Tendai Ruben Mbofana
Auditor General flags deep financial mismanagement at CAAZ
The Auditor General has raised serious concerns over financial mismanagement and poor governance at the Civil Aviation Authority of Zimbabwe (CAAZ), warning that the parastatal is burdened by legacy d...Published: 22 Jun 2025 at 09:05hrs | 115 | by Staff reporter
If civil servants must declare assets, then let's start with the president and his ministers
As the old saying goes, what's good for the goose must be good for the gander - yet in Zimbabwe, accountability seems reserved only for the powerless.The government's recent announcement of a ...Published: 20 Jun 2025 at 22:36hrs | 580 | by Tendai Ruben Mbofana
Masvingo City, Ministry of Health in standoff over donated vehicle
A standoff has erupted between Masvingo City Council and the Ministry of Health and Child Care (MoHCC) over a vehicle donated by the Global Fund, amid allegations that the vehicle, intended to support...Published: 20 Jun 2025 at 17:43hrs | 265 | by Staff reporter
Fresh details on collapsed US$2,5bn CBZ bid emerge
An ambitious plan by CBZ Holdings to create Zimbabwe's largest financial services powerhouse has collapsed after the Competition and Tariff Commission (CTC) imposed a series of restrictive conditions ...Published: 20 Jun 2025 at 17:36hrs | 186 | by Staff reporter
Prospectors slam Zimbabwe 'secretive' Mines and Minerals Bill
Zimbabwe's long-anticipated Mines and Minerals Bill is under fresh scrutiny, with industry stakeholders warning that the proposed legislation remains opaque, exclusionary, and dangerously susceptible ...Published: 20 Jun 2025 at 17:35hrs | 110 | by Staff reporter
Zimbabwe's sugar giant gets rescue deal
A consortium of Zimbabwean and Pakistani investors has officially taken over Tongaat Hulett Zimbabwe, offering renewed optimism for one of Zimbabwe's most strategic agro-industrial players. The acquis...Published: 20 Jun 2025 at 06:03hrs | 185 | by Christopher Mutambirwa
RioZim in eye of financial misconduct, fraud storm
Mining giant RioZim Limited is at the centre of a deepening scandal as allegations of financial misconduct, asset stripping, and systematic fraud continue to surface. According to sources familiar wit...Published: 19 Jun 2025 at 16:45hrs | 235 | by Staff reporter
Zimbabwe rebuilds correspondent banking ties
The Bankers Association of Zimbabwe (BAZ) has confirmed that some regional and niche international financial institutions have begun cautiously re-engaging with Zimbabwean banks, following the lifting...Published: 19 Jun 2025 at 07:10hrs | 164 | by Staff reporter
Proposed law to compel civil servants to disclose assets
Zimbabwe's Cabinet has approved the Public Service Amendment Bill, a major legislative step aimed at modernising the civil service, increasing transparency, and aligning the current framework with the...Published: 19 Jun 2025 at 07:06hrs | 636 | by Staff reporter
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