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Bosso omitted ex-coach debt in its financials
Highlanders chairman Kenneth Mhlophe has revealed that the club did not include its debt to former coach Baltemar Brito in its financial statements at the annual general meeting on January 26. This om...Published: 13 Feb 2025 at 16:30hrs | 459 | by Staff reporter
Zanu-PF senator wants bail out for Zupco
Senator Angeline Tongogara of ZANU-PF has urged the Zimbabwean government to provide financial assistance to the struggling Zimbabwe United Passenger Company (Zupco) in order to safeguard consumers fr...Published: 18 Jul 2024 at 06:40hrs | 321 | by Staff reporter
Reserve Bank of Zimbabwe bails out 3 banks
THE Reserve Bank of Zimbabwe (RBZ) has used its lender of last resort (LoLR) facility to bail out three distressed banks which had run out of liquidity following the steep depreciation of the local cu...Published: 16 Aug 2023 at 06:49hrs | 17 | by Staff reporter
Zimbabwean teachers bemoan US$13 slave wage
TEACHERS say they can no longer report for work consistently, amid revelations their basic salary has been eroded by inflation to US$13, with the government failing to solve the plight of public secto...Published: 01 Jul 2023 at 07:49hrs | | by Staff reporter
PSMAS gets $4,25bn bailout
Another $4,25 billion has been provided by the Government to bail out Premier Service Medical Aid Society and get the country's largest society, and the one that is used by almost all State employees,...Published: 09 Nov 2022 at 05:04hrs | 7 | by Staff reporter
Zimbabwe hospitals to get modern equipment
Modern hospital equipment and machinery will be procured by the Government to replace old and obsolete items to ensure patients access quality services, Vice President and Health and Child Care Minist...Published: 20 Oct 2022 at 05:57hrs | 1 | by Staff reporter
Mbirano goes international
South African (SA) based Dj Rabaaz, well-known for pioneering the new sound of Gospel Mbirano in 2021 has just released an English praise God album titled...Published: 04 Sep 2022 at 09:10hrs | | by Simbarashe Sithole
Mupfumira faces fresh trial
FORMER Public Service minister Priscah Mupfumira and her then permanent secretary Ngoni Masoka's abuse of office trial will restart on September 15.Mupfumira and Masoka, represented by Admire ...Published: 22 Jun 2022 at 06:45hrs | 1 | by Staff reporter
'Mnangagwa will regret the day he appointed Mangudya, Mthuli Ncube,' says Biti
Former Zimbabwe Finance Minister Tendai Biti has said the move by the Reserve Bank to introduce a ZW$100 note is ill advised and a waste of time.Biti said the fact that the note can not buy an...Published: 09 Apr 2022 at 19:47hrs | 1 | by Staff reporter
Mnangagwa warns NGOs
PRESIDENT Mnangagwa has warned rogue non-governmental organisations (NGOs) against over-stepping their mandate by meddling into politics, saying the Government will not hesitate to discipline such ope...Published: 22 Mar 2022 at 05:44hrs | 2 | by Staff reporter
Govt issues $24 billion Covid-19 guarantees
FINANCE minister Mthuli Ncube says government has issued debt guarantees amounting to $24,2 billion and US$15,2 million to help firms ride out Covid-19 induced operational problems.A governmen...Published: 28 Nov 2021 at 08:04hrs | 11 | by Staff reporter
ZNCC backs call for power tariff hike
THE Zimbabwe National Chamber of Commerce (ZNCC) yesterday said government should grant troubled power producer, Zesa Holdings, authority to hike power tariffs and give impetus to its recapitalisation...Published: 11 Nov 2021 at 06:21hrs | 9 | by Staff reporter
Big Zimbabwean companies are fingered in forex fiddle
TOP executives and directors from up to 20 big companies face imminent arrest following a Reserve Bank of Zimbabwe (RBZ) investigation into massive multi-million-dollar fraud involving the country's f...Published: 08 Oct 2021 at 18:58hrs | 14 | by Staff reporter
Bulawayo schools seek bailout from Govt
BULAWAYO schools have asked Government to bail them out as they are failing to pay more than $23 million they owe the Bulawayo City Council in water billls and one of the affected schools' water suppl...Published: 03 Sep 2021 at 06:46hrs | 5 | by Staff reporter
Zamco clears US$14,3m in bad debts
OVER 70% of the total loans taken over by the Zimbabwe Asset Management Company (Zamco) have been fully expunged, with the vehicle now seized with processes to wind up its operations ahead of its suns...Published: 27 Aug 2021 at 06:38hrs | | by Staff reporter
The day Nelson Chamisa 'won' Zambian elections
Yesterday the world woke up to the news of the confirmation of Zambia's 12, August 2021 elections results. Opposition United Party for National Development (UPND) leader, Hakainde Hichilema had beaten...Published: 17 Aug 2021 at 07:15hrs | 3 | by Nobleman Runyanga
Fans bail out broke Bosso
HIGHLANDERS supporters in Ha-rare are targeting to raise US$2 000 every month towards the sustenance of the club until a solution to its financial woes is found. The club recently extended a b...Published: 07 Aug 2021 at 07:07hrs | | by Staff reporter
Highlanders extend begging bowl to members
HIGHLANDERS have made a passionate appeal to their members and fans for financial assistance to ensure the club's continued existence.Bosso were hit hard by Covid-19 after their principal spon...Published: 17 Jul 2021 at 15:44hrs | 3 | by Staff reporter
Graft-accused Biti not off the hook
THE Zimbabwe Anti-Corruption Commission (ZACC) is still investigating MDC-A vice president Mr Tendai Biti over allegations he instructed the National Social Security Authority (NSSA) to deposit over U...Published: 06 Jun 2021 at 09:51hrs | 3 | by Staff reporter
IDCZ battles to find 'high calibre' CEO
THE myth that some of Africa's best business minds are found in Zimbabwe has been disproved at the State-run Industrial Development Corporation of Zimbabwe (IDCZ), which has struggled to find a CEO fo...Published: 28 May 2021 at 08:04hrs | 4 | by Staff reporter
Zimsec markers down pens over allowances
ZIMBABWE School Examination Council (Zimsec) markers yesterday downed tools demanding transport and subsistence allowances two weeks after commencing duty.The striking markers were marking 202...Published: 18 Mar 2021 at 05:44hrs | 10 | by Staff reporter
Mnangagwa to announce new lockdown measures
THE current Level Four national lockdown lapses tomorrow with President Mnangagwa expected to announce new ordinances to balance the reopening of the economy and mitigating against further spread of C...Published: 28 Feb 2021 at 06:54hrs | 1 | by Staff Reporter
Mangudya in shock claims
Zimbabwe's central bank governor, John Mangudya, this week claimed the southern African country does not need "anyone's money" to extricate itself from its economic woes.The country, which is ...Published: 25 Feb 2021 at 16:19hrs | | by Staff reporter
Healthcare crisis in Zimbabwe as broke govt sends out begging bowl to raise Covid 19 funds
It is shocking that while countries like South Africa have already received their first batch of Covid-19 vaccine from India, the broke and out of sorts government of Zimbabwe is sending a begging bow...Published: 08 Feb 2021 at 15:44hrs | 11 | by Israel Dube
How to kill a country
Nearly forty years ago Ian Smith, the Prime Minister of Rhodesia, became the first and only white colonial ruler to break away from the British Crown. He had tired of London's nagging about the subjug...Published: 13 Jan 2021 at 16:49hrs | 5 | by Samantha Power
Muridzo manager cancels birthday gig
MUSICIAN Andy Muridzo's manager Ronald Mujuru, who turned 37 on Tuesday, says the lockdown has stalled his plans to host a lavish birthday party.Mujuru has been managing Muridzo since last yea...Published: 07 Jan 2021 at 08:31hrs | 1 | by Staff reporter
Andy Muridzo's Muridzo manager turns 37
Musician Andy Muridzo's manager Ronald Mujuru turns 37 today. Mujuru has been managing Muridzo since 2019. The manage...Published: 05 Jan 2021 at 07:24hrs | 32 | by Simbarashe Sithole
Court tells Mtetwa stop embarrassing the State
HARARE magistrate Marehwanazvo Gofa yesterday castigated Hopewell Chin'ono's lawyer Beatrice Mtetwa for embarrassing State prosecutors after she told the court that corruption was stopping prosecutors...Published: 11 Nov 2020 at 06:36hrs | 1 | by Staff reporter
Sanctions unpacked
As the nation, region and continent come together to mark 25 October as an anti- sanctions day it becometh expedient that I add my voice to the matter at hand. It is said knowledge is power and indeed...Published: 28 Oct 2020 at 08:03hrs | | by Prof Blessing Kasiyamhuru
'MDC got more than US$10m to defend Western interests'
It is beyond debate that for the past decades or so, Zimbabwe has been reeling under the disastrous and debilitating effects of illegal sanctions that were imposed against the country by some powerful...Published: 21 Oct 2020 at 21:44hrs | 8 | by Obert Chaurura Gutu
'Push for US$100m IDC'
ZIMBABWE's industrial sector has appealed for a lifeline of up to Us$100 million to recapitalise the state-run Industrial Development Corporation (IDC) and bolster its capacity to bail out struggling ...Published: 16 Oct 2020 at 07:03hrs | 1 | by Staff reporter
Khupe barred from Polad
THE MDC has directed its interim president Thokozani Khupe to stop being part of President Emmerson Mnangagwa's Political Actors Dialogue (Polad) until she gets the mandate from the party's congress....Published: 17 Sep 2020 at 15:03hrs | 11 | by Staff reporter
Treasury officials under fire over undocumented loans
Ministry of Finance and Economic Development officials were yesterday taken to task for loaning unnamed parastatals US$68 million without supporting vouchers and with no hope of recovering the money. ...Published: 27 Aug 2019 at 07:33hrs | | by Staff reporter
Miners bail out troubled Zesa
Zimbabwe's top three platinum miners are said to have helped settle the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) $10 million part payment to the South African electricity sup...Published: 18 Aug 2019 at 09:57hrs | 2 | by Staff reporter
FULL TEXT: Mupfumira warned and cautioned statement
Priscah Mupfumira [ID number supplied] aged 68 years residing at House Number St Fairway, Mount Pleasant, Harare having been informed by Detective Assistant Inspector NDLOVU of the Zimbabwe Repub...Published: 27 Jul 2019 at 07:14hrs | 12 | by Online
Government to bail out ZESA
The Minister of Finance and Economic Development, Professor Mthuli Ncube has assured the nation of short-term interventions to ease the power crisis that include bailing out the country's power utilit...Published: 22 Jun 2019 at 16:19hrs | 1 | by Staff Reporter
Exporters to pay for power in forex
Government is working on a plan that will see exporting companies pay their electricity bills in foreign currency in an effort to ease power shortages that threaten to plunge the nation into darkness ...Published: 02 Jun 2019 at 08:20hrs | | by Staff reporter
Revolution is the great teacher
Those living in luxury from the exploitation and suffering of others have traditionally always been opposed to emancipation struggles; they continue to be opposed to such struggles by the people today...Published: 22 Apr 2019 at 08:33hrs | 9 | by Reason Wafawarova
'Foreign aid will not bail out Zimbabwe'
UNITED States professor of economics Steve Hanke has said foreign aid will not bail out Zimbabwe from its current economic quagmire, adding the country's problems can be solved from within.Spe...Published: 21 Apr 2019 at 16:30hrs | 3 | by Staff reporter
Privatization is key to Zimbabwe's economic recovery plan
The microeconomic foundations of economies ensure that macroeconomic objectives are achieved. Stated differently, macroeconomic goals can only be achieved if there are robust institutions ensuring tha...Published: 04 Apr 2019 at 08:16hrs | | by Tinashe Eric Muzamhindo
Botswana, SA demand bail out security from Zimbabwe
The government's increasingly desperate quest to secure critically-needed bailout packages has hit fresh snags, with neighbouring South Africa and Botswana demanding hefty guarantees for their loans d...Published: 04 Apr 2019 at 07:11hrs | 1 | by Staff reporter
Entrepreneurship is key for economic Development in Zimbabwe
We are all collectively linked to the survival misfortunes of this country. I must say, in one way or another we are all affected. We need to address economic challenges and solutions of this country....Published: 22 Mar 2019 at 21:56hrs | 17 | by Tinashe Eric Muzamhindo
Muzamhindo pushes for a Policy Indaba
Tinashe Eric Muzamhindo's initiativeI'm driving a national agenda which has no political affiliation, but to assist on enhancing development. We simply ...Published: 19 Mar 2019 at 22:31hrs | | by Tinashe Eric Muzamhindo
Repent now and fix our ailing economy
Editor,That Zimbabwe is on a downward trajectory is no secret. In fact we have been in descent mode for many a year. It is a tragedy. And the fact that the powers that be spend a considerable ...Published: 14 Mar 2019 at 14:28hrs | | by NM
No bailout for Zimbabwe after Ramaphosa visit
President Cyril Ramaphosa concluded a much-anticipated visit to Zimbabwe on Tuesday, dashing any lingering hopes that his country would bail out its economically-troubled neighbour.Ramaphosa c...Published: 12 Mar 2019 at 21:58hrs | | by AFP
Mliswa spills the beans on stealing Minister
Norton Member of Parliament Temba Mliswa has accused Environment, Tourism and Hospitality Industry minister Prisca Mupfumira of stealing NSSA funds and using them to control ZANU PF officials li...Published: 05 Mar 2019 at 09:56hrs | | by Mandla Ndlovu
Mnangagwa mortgages Zimbabwe diamonds to Botswana
President Emmerson Mnangagwa's government could be mortgaging the country's diamond deposits to Botswana which has offered the struggling economy a US$600 million bail out package for private sector, ...Published: 26 Feb 2019 at 07:04hrs | 1 | by Staff reporter
'Poor, bankrupt, miserable country'
This description by British minister Alan Duncan was spot on. He was speaking on his way to the UN to discuss Venezuela. But he could equally well have been talking about Zimbabwe.Venezuela wa...Published: 29 Jan 2019 at 14:14hrs | 1 | by Zimvigil
'Poor, bankrupt, miserable country' - Zimbabwe Vigil Diary
This description by British minister Alan Duncan was spot on. He was speaking on his way to the UN to discuss Venezuela. But he could equally well have been talking about Zimbabwe. Venezu...Published: 28 Jan 2019 at 07:18hrs | | by ZimVigil
Painful solution for Zimbabwe's crisis
The panacea to Zimbabwe's problems will not emerge from Julius Malema bail out proposal but from the following;Painful decisions must be taken with calculated outcomes and pain must be felt ac...Published: 25 Jan 2019 at 13:23hrs | 8 | by Paul Siwela
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