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Tshabangu's MPs question validity of Mutapa Investment Fund valuation
Opposition parliamentarians have raised concerns over the validity of the Mutapa Investment Fund's (MIF) asset valuation, pointing to discrepancies between the reported US$16 billion valuation and ear...Published: 22 Dec 2024 at 11:13hrs | 785 | by Staff reporter
Zimbabwe losing billions in inflated infrastructure project costs
Zimbabwe may be losing billions of dollars in inflated costs for its massive infrastructure projects due to the absence of advanced software for accurate project pricing, according to a local industry...Published: 06 Dec 2024 at 18:11hrs | 1156 | by Staff reporter
Parly report flags financial abuse at local authorities
A recent report by a Parliamentary Portfolio Committee has raised concern over financial mismanagement at local authorities saying this has undermined accountability at councils.The report, ta...Published: 03 Dec 2024 at 08:57hrs | 107 | by Staff reporter
Zinara leadership shows the way
The Zimbabwe National Road Administration (Zinara) has received a clean audit for the year ended December 31, 2023, a historic achievement that has sparked a shift in perceptions about the institution...Published: 26 Nov 2024 at 08:11hrs | 174 | by Staff reporter
Mnangagwa extends Harare probe team's tenure
President Emmerson Mnangagwa has extended the tenure of the Commission of Inquiry investigating the governance of Harare City Council (HCC) by three months, allowing it more time to complete its probe...Published: 09 Nov 2024 at 17:07hrs | 65 | by Staff reporter
ACBF launches plan to support Zimbabwe bureaucrats
The African Capacity Building Foundation (ACBF) has launched its inaugural leadership development programme in Zimbabwe, aimed at addressing governance challenges and building the capacity of pub...Published: 06 Nov 2024 at 07:00hrs | 96 | by Staff reporter
Zinara gets thumbs-up
The Zimbabwe National Roads Administration (Zinara) has received parliamentary approval after effectively addressing concerns raised in the latest report by Auditor-General Rheah Kujinga regarding its...Published: 05 Nov 2024 at 08:23hrs | 222 | by Staff reporter
Willowgate linked minister in another scandal involving 'stolen' millions
The High Court has mandated Public Service, Labour and Social Welfare Minister July Moyo and Higher and Tertiary Education Minister Fredrick Shava, who is linked to the Willowgate motor scandal, to re...Published: 30 Oct 2024 at 07:56hrs | 703 | by Staff reporter
Zimbabwe ministers convicted for borrowing delinquency
Public Service Minister July Moyo and Higher and Tertiary Education Minister Fredrick Shava have been ordered by the High Court to repay a staggering ZWG206,370,840, which was borrowed from critical s...Published: 29 Oct 2024 at 16:37hrs | 5817 | by Staff reporter
Mnangagwa's govt in soup over unsanctioned US$500m 'loan'
A local citizen, Marvelous Khumalo, has taken the Zimbabwean government to court, demanding the repayment of over half a billion United States dollars allegedly misappropriated through unauthorized bo...Published: 29 Oct 2024 at 07:44hrs | 1116 | by Staff reporter
Zimbabwe hunts for new Auditor-General
The Zimbabwean government has officially initiated the search for a new Auditor-General after the retirement of Mildred Chiri, who served in the role for nearly two decades. Rheah Kujinga has been ful...Published: 21 Oct 2024 at 07:50hrs | 494 | by Staff reporter
The power crisis farce: Unpacking Mnangagwa's broken promise to Zimbabwe
Zimbabwe's power crisis has been a perennial problem, plaguing the country for decades.In August 2023, President Emmerson Dambudzo Mnangagwa proudly declared that the commissioning of the new ...Published: 08 Oct 2024 at 17:30hrs | 514 | by Tendai Ruben Mbofana
Harare council can't account for US$100m
The City of Harare is in turmoil as investigations reveal a failure to account for over US$100 million, raising alarming questions about potential misappropriation and grand theft of council resources...Published: 06 Oct 2024 at 10:13hrs | 477 | by Staff reporter
Why buy a ZBC license when the broadcaster doesn't speak for suffering Zimbabweans?
The state-controlled broadcaster, the Zimbabwe Broadcasting Corporation (ZBC), has published its radio and television licence fees. This was one of the most outrageous lists I have seen a long...Published: 04 Oct 2024 at 12:34hrs | 532 | by Tendai Ruben Mbofana
The curse of diamonds: How Zimbabwe's wealth is failing its people
I was listening this morning as the Minister of Mines, Winston Chitando, boasted over Zimbabwe's increasing diamond production. Indeed, Zimbabwe's diamond industry has long been touted as a be...Published: 01 Oct 2024 at 15:09hrs | 952 | by Tendai Ruben Mbofana
Councillors appointed cronies to Rufaro board
The Commission of Inquiry into governance issues in Harare City Council has uncovered alleged mismanagement by CCC-appointed loyalists at Rufaro Marketing, a company managing 130 premises across the c...Published: 22 Aug 2024 at 07:03hrs | 171 | by Staff reporter
Zimbabwe MPs push for stiffer penalties amid explosive AG report
Parliamentarians have reaffirmed their commitment to enforcing laws and imposing stringent penalties for public fund misuse. During a meeting convened by the Zimbabwe Coalition on Debt and Development...Published: 26 Jul 2024 at 08:55hrs | 595 | by Staff reporter
Verwoerd's grandson in new parliamentary role thanks to Ramaphosa
Wynand Boshoff, grandson of 'apartheid architect' Hendrik Verwoerd, will report to a new parliamentary leader as the Freedom Front (FF) Plus announces that Pieter Groenewald's appointment as Minister ...Published: 25 Jul 2024 at 09:43hrs | 740 | by Staff reporter
Mnangagwa's second republic of corruption and controversy
PRESIDENT Emmerson Mnangagwa's second republic, which he proclaimed when he came into office in November 2017 following a coup that ended long-time ruler Robert Mugabe's nearly four-decade rule, has b...Published: 21 Jul 2024 at 20:59hrs | 947 | by Gary Gerald Mtombeni
NetOne's going concern status at risk
NetOne Private Limited, a telecommunications company in Zimbabwe, has been identified as technically insolvent and at risk of being unable to sustain its operations, according to a recent report. Rele...Published: 17 Jul 2024 at 06:51hrs | 628 | by Staff reporter
Inside Mnangagwa govt's financial rot
A new report by Zimbabwe's acting Auditor-General, Rhea Kujinga, highlights significant financial mismanagement and non-compliance within various government ministries. Seven ministries failed to resp...Published: 13 Jul 2024 at 12:49hrs | 57 | by Staff reporter
Shareholders cream off US$1,6b from Mutapa
Zimbabwe's debt restructuring talks are at risk following revelations that the country's liabilities may have increased due to a secretive US$1.6 billion payment to unknown shareholders under the sove...Published: 04 Jul 2024 at 09:33hrs | 19 | by Staff reporter
Mnangagwa pampers HCC commissioners
The Justice Maphios Cheda-led commission of inquiry into Harare's governance affairs has received high-end Ford Ranger Raptor vehicles, sparking criticism from residents' associations about the burden...Published: 01 Jul 2024 at 11:20hrs | | by Staff reporter
VID impounds Zupco buses
Several Zimbabwe Passengers Company (Zupco) buses were impounded by the Vehicle Inspectorate Department (VID) last week for lacking registration papers, highlighting the ongoing operational and financ...Published: 10 Jun 2024 at 08:43hrs | 3 | by Staff reporter
Open Letter to President Mnangagwa to Commission an Inquiry into Redcliff Municipality
Dear President Mnangagwa, It was with such great pleasure and a long overdue move that we learned of Your Excellency's instituting a Commission of Inquiry into the affairs of the City of Harar...Published: 17 May 2024 at 14:09hrs | 9 | by Tendai Ruben Mbofana
Massive rot hits RDCs
SEVERAL rural district councils (RDCs) across the country have come under the spotlight amid allegations of rot following audits by relevant authorities.The Zimbabwe's Anti-Corruption Commissi...Published: 25 Mar 2024 at 05:33hrs | 4 | by Staff reporter
Redcliff council defrauding residents!
It never rains but pours for residents of the small town of Redcliff.We face the dilemma of the proverbial smoking pipe – burnt on one en...Published: 12 Mar 2024 at 07:13hrs | 6 | by Tendai Ruben Mbofana
'Mutapa Investment Fund mustn't become conduit for looting'
AS prevalence of public sector corruption reaches alarming levels, the International Monetary Fund (IMF) has demanded that Zimbabwean authorities ensure the newly-established Mutapa Investment Fund (M...Published: 11 Mar 2024 at 09:09hrs | 31 | by Staff reporter
Zimbabwe MPs urged to hold govt accountable
SPEAKER of National Assembly Jacob Mudenda has urged parliamentary portfolio committees to ensure the government is held accountable for the benefit of taxpayers.Addressing lawmakers during a ...Published: 27 Feb 2024 at 04:38hrs | 1 | by Staff reporter
Zanu-PF MPs shower praises on Mnangagwa
Zanu-PF legislators have been praising President Emmerson Mnangagwa's State of the Nation Address (Sona), which painted a rosy picture of the country's fortunes despite the deteriorating socio-economi...Published: 12 Feb 2024 at 13:54hrs | 1 | by Staff reporter
Air Zimbabwe missing in action
AIR Zimbabwe, which faces a myriad of problems ranging from mounting debts, ageing aircraft, government interference and poor management, has become a pale shadow of itself as it is failing to make a ...Published: 27 Dec 2023 at 17:26hrs | 14 | by Staff reporter
Zimbabwe MPs: Whose interests are they serving?
THIS writer was shocked to learn about Finance minister Mthuli Ncube giving in to the demands of the Zimbabwean MPs regarding the need for an upward variation for the budget for Parliament (NewsDay, D...Published: 27 Dec 2023 at 07:28hrs | 11 | by Nicholas Aribino
1 000 more buses for Zupco
Treasury will procure more than 1 000 buses in the next two years, with 250 of them being available in the first quarter of next year, and 50 of those being electric vehicles running off batteries, as...Published: 18 Dec 2023 at 04:53hrs | 10 | by Staff reporter
Mnangagwa moves to appease security forces
TREASURY has allocated 18% of the national budget to the security sector, ZW$10.8 trillion (US$1.9 billion), which is a large amount in peacetime, as President Emmerson Mnangagwa moves to appease the ...Published: 04 Dec 2023 at 15:07hrs | 7 | by Staff reporter
Extortionate passport fees spark outrage in Zimbabwe
FINANCE minister Mthuli Ncube has proposed a sharp hike in passport fees despite concerns over the lack of transparency on how the proceeds are spent.Critics say while access to a passport is ...Published: 04 Dec 2023 at 15:06hrs | 8 | 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 | | by Staff reporter
ZACC officials recover US$29m assets offshore
THE Zimbabwe Anti-Corruption Commission (Zacc) has recovered externalised assets by corrupt citizens worth US$29 million, a new report submitted to Parliament has revealed.Experts say the sout...Published: 27 Nov 2023 at 17:32hrs | 10 | by Staff reporter
Mthuli Ncube's budget dilemma
DON'T tell me what you value, show me your budget and I'll tell you what you value:" Joe Biden.Ordinarily, Finance minister Mthuli Ncube should have presented the ZWL$47,8 trillion 2024 nation...Published: 25 Nov 2023 at 07:59hrs | 10 | by Paidamoyo Muzulu
1 ambulance for Parirenyatwa
ZIMBABWE'S largest referral hospital, Parirenyatwa Group of Hospitals, which services Harare and other nearby provinces, has been operating with only one functional ambulance, reflecting the country's...Published: 12 Nov 2023 at 20:40hrs | 13 | by Staff reporter
Zupco can't account for ZW$3bn
THE loss-making Zimbabwe United Passenger Company (Zupco), which has been embroiled in numerous corruption scandals, has failed to account for ZW$3.4 billion in revenue it generated in urban areas, du...Published: 06 Nov 2023 at 21:21hrs | 9 | by Staff reporter
Mnangagwa consolidates grip over investment fund
President Emmerson Mnangagwa has retained control of the Mutapa Investment Fund (MIF), raising concerns about potential widespread corruption resulting from housing 20 state-owned enterprises (SOEs) u...Published: 03 Nov 2023 at 14:54hrs | 10 | by Staff reporter
51 Zimbabwe parastatals fail to submit financials
A total of fifty-one state-owned enterprises have failed to submit their financial statements for auditing to the Auditor-General, as required by law.The Acting Auditor-General, Mrs. Rhea Kuji...Published: 02 Nov 2023 at 05:40hrs | 9 | by Staff reporter
Ministry in storm over e-passports
THE Auditor-General (AG) has raised the red flag over failure by the Home Affairs ministry to provide information on how much was raised from the issuance electronic passports (e-passports), amid conc...Published: 31 Oct 2023 at 16:28hrs | | by Staff reporter
Vehicle scandal erupts in Zimbabwe govt
GOVERNMENT ministries have been caught in repeated vehicle scams amid revelations millions of dollars were spent on buying cars that were not delivered.The ministries include Home Affairs, Lan...Published: 31 Oct 2023 at 16:28hrs | 1 | by Staff reporter
Air Zimbabwe planes unaccounted for
ACTING Auditor-General Rheah Kujinga has exposed the rot at Air Zimbabwe which includes financial books that are in a shambles as well as the failure by the national airline to account for the number ...Published: 31 Oct 2023 at 16:27hrs | 12 | by Staff reporter
Zimra can't account for ZW$1 billion
THE Zimbabwe Revenue Authority (Zimra) has failed to account for millions of dollars in tax and deposits paid by clients, amid indications of massive fraud facilitated by weak accounting systems, rais...Published: 31 Oct 2023 at 16:27hrs | 1 | by Staff reporter
Brain drain hits Lupane University
Lupane State University (LSU) has faced significant staff turnover in the past two years due to the challenging economic environment, leading to a departure of professionals from the institution. This...Published: 29 Oct 2023 at 12:38hrs | 25 | by Staff reporter
Zimbabwe's graft-buster Zacc flagged over corruption
The Zimbabwe Anti-Corruption Commission (Zacc) has come under scrutiny in the latest Auditor-General report due to a lack of supporting documents for approximately US$21,000 in expenditures, raising c...Published: 28 Oct 2023 at 07:47hrs | | by Staff reporter
Zimbabwe's graft-buster Zacc flagged over corruption
The Zimbabwe Anti-Corruption Commission (Zacc) has come under scrutiny in the latest Auditor-General report due to a lack of supporting documents for approximately US$21,000 in expenditures, raising c...Published: 28 Oct 2023 at 07:46hrs | | by Staff reporter
SOEs, parastatals bleed Treasury
State-owned enterprises (SOEs) and parastatals have suffered significant financial losses, totaling millions of US dollars, due to procurement scams where suppliers received prepayments but failed to ...Published: 26 Oct 2023 at 06:42hrs | 1 | by Staff reporter
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