Search / Billion
Chimombe applies for discharge in US$7m goat scandal
Zanu PF Central Committee member and businessman Mike Chimombe, along with his co-accused Moses Mpofu, have applied for discharge at the close of the State's case in their ongoing US$7 million fraud t...Published: 21 hrs ago | 313 | by Staff reporter
'Surge in forex inflows a boon for ZiG stability'
Zimbabwe's foreign currency receipts surged by 22 percent to US$6 billion in the first five months of 2025, according to the Reserve Bank of Zimbabwe (RBZ), a development anal...Published: 14 Jul 2025 at 07:52hrs | 132 | 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 | 103 | by Staff reporter
Africa's inequality crisis: How government systems fuel corruption and entrench elitism
A recent Oxfam report has ignited renewed scrutiny of Africa's political and economic order, revealing a disturbing truth: while a handful of billionaires accumulate staggering wealth, hundreds of mil...Published: 14 Jul 2025 at 07:12hrs | 134 | by James Mathonsi
Mnangagwa under fire over farms title deeds
President Emmerson Mnangagwa's controversial land tenure reforms have come under intense scrutiny amid criticism from war veterans and political observers, who argue the policy threatens to reverse Zi...Published: 13 Jul 2025 at 11:40hrs | 603 | by Staff reporter
Sydney Gata is no hero
When US president Abraham Lincoln said that one can fool some people sometime, but one cannot fool all the people all the time, he forgot to add that Zanu-PF, as a stalwart, disciplined and principled...Published: 13 Jul 2025 at 11:38hrs | 352 | by Kenneth Mufuka
State diamond firm lays off hundreds to avoid collapse
Zimbabwe's state-controlled diamond miner, the Zimbabwe Consolidated Diamond Company (ZCDC), has launched a major retrenchment exercise in a desperate bid to stave off collapse, following a brutal cra...Published: 13 Jul 2025 at 11:08hrs | 131 | by Staff reporter
Gauteng-Limpopo bullet train takes another giant step
The planned "bullet train" between Gauteng and Limpopo has taken another step towards its eventual completion.The project, which was first announced in 2023 and is titled the Limpopo-Gauteng S...Published: 10 Jul 2025 at 13:08hrs | 588 | by Staff reporter
Zimbabwe central bank reports drop in inflation
The Reserve Bank of Zimbabwe (RBZ) has expressed cautious optimism about the country's economic trajectory, citing encouraging signs in inflation control, exchange rate stability, and foreign currency...Published: 10 Jul 2025 at 10:11hrs | 170 | by Staff reporter
Zimbabwe now 5th largest economy in Sadc
Zimbabwe has become the fifth-largest economy in Southern Africa following a major upward revision of its Gross Domestic Product (GDP), reflecting the inclusion of previously unrecorded economic activ...Published: 10 Jul 2025 at 08:58hrs | 300 | 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 | 125 | by Staff reporter
Zanu-PF denies rift between Mnangagwa and Chiwenga
ZANU PF has categorically dismissed rumours of a rift between President Emmerson Mnangagwa and his deputy, Vice President Dr Constantino Chiwenga, reaffirming the strong bond and unity that have defin...Published: 09 Jul 2025 at 14:58hrs | 999 | by Staff reporter
Govt tasks ARDA to deliver 850 000t grain annually
The Government of Zimbabwe has officially restructured the Agricultural and Rural Development Authority (ARDA), assigning it a pivotal role as the country's main food security agency. ARDA is now mand...Published: 09 Jul 2025 at 08:04hrs | 147 | by Staff reporter
Zimbabwe revises GDP upwards to US$44.4 billion
Zimbabwe has recorded a significant rise in its Gross Domestic Product (GDP), now revised to ZiG168.5 trillion (approximately US$44.4 billion), marking a substantial increase from the previous estimat...Published: 09 Jul 2025 at 07:52hrs | 154 | by Staff reporter
Zimbabwe hopes to service external debt
Zimbabwe, locked out of international capital markets since defaulting in 1999, expects its stronger economy to help it pay back external creditors, without saying when this would begin.Financ...Published: 09 Jul 2025 at 07:48hrs | 82 | by Staff reporter
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 | 196 | by Staff reporter
Zimbabwean who went from earning R1,500 to R5m per month
July Ndlovu went from a rural village in Zimbabwe to becoming the CEO of Thungela Resources, one of South Africa's most successful coal mining companies. He began his career as a graduate...Published: 08 Jul 2025 at 10:14hrs | 1599 | by Staff reporter
Mobile internet data usage increases throughout Zimbabwe
Zimbabweans consumed a staggering 97.2 billion megabytes of mobile internet data in the final quarter of 2024, marking a significant surge in digital activity across the country, according to the late...Published: 08 Jul 2025 at 09:45hrs | 276 | by Staff reporter
Zimbabwe govt to settle parastatal debt
The Ministry of Finance, Economic Development and Investment Promotion says it is intensifying efforts to settle mounting debts owed to state-owned enterprises (SOEs), including telecoms giant T...Published: 06 Jul 2025 at 19:47hrs | 1603 | by Staff reporter
Elon Musk announces creation of new political party in USA
Elon Musk unveiled plans on Saturday to establish a new political party, vowing to "give freedom back to the people" and accusing America's elites of running the country into the ground.In a p...Published: 06 Jul 2025 at 13:56hrs | 966 | by Staff reporter
Tagwirei sparks Zanu-PF factional tensions
Business mogul Kudakwashe Tagwirei's bid to join Zanu-PF's powerful Central Committee has stirred controversy within the ruling party, with senior officials declaring his recent attendance at a party ...Published: 06 Jul 2025 at 10:01hrs | 221 | by Staff reporter
'Tagwirei lacks Zanu-PF grassroots support,' says activist
Political activist and editor of 'Footprints in the Chains: The Life Story of Job Sikhala' Rejoice Ngwenya has dismissed the possibility of businessman Kudakwashe Tagwirei succeeding President Emmerso...Published: 05 Jul 2025 at 09:10hrs | 319 | 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 | 2336 | by Staff reporter
US to drop billions of flies on Mexico and Texas
US authorities are preparing to release billions of flies from airplanes over Mexico and southern Texas to stop the spread of a dangerous parasite, the Associated Press (AP) has reported. The move aim...Published: 04 Jul 2025 at 16:26hrs | 743 | by Staff reporter
Zimbabweans struggle to rebuild shattered lives abroad
For many young Zimbabweans, the idea of migrating to foreign lands has long represented hope - a chance to escape crippling unemployment and poverty in pursuit of prosperity. But for a growing number,...Published: 04 Jul 2025 at 16:13hrs | 916 | by Staff reporter
'Zimbabwe losing billions in tax revenue to informal sector'
Zimbabwe is losing between US$7.5 billion and US$8 billion in potential tax revenue every year due to the dominance of its informal sector, according to new estimates by the African Development Bank (...Published: 04 Jul 2025 at 14:22hrs | 204 | 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 | 311 | by Staff reporter
Starafrica feels the pinch of sugar tax
Local sugar producer Starafrica Corporation says it is grappling with weak demand for industrial sugar, with the government-imposed sugar tax on beverages negatively affecting some of its key customer...Published: 04 Jul 2025 at 12:33hrs | 93 | by Staff reporter
Ousted NSSA boss tags Mnangagwa in letter blasting ministerial move
Emmanuel Fundira, the recently dismissed chairperson of the National Social Security Authority (Nssa), has mounted a bold legal challenge against his abrupt termination, casting a spotlight on governa...Published: 04 Jul 2025 at 12:29hrs | 454 | by Staff reporter
Zimbabwe gold exports jump 25% in June
Zimbabwe's gold exports soared by 24 percent in the first five months of 2025, reaching US$748 million compared to US$599.2 million during the same period in 2024, according to figures released by the...Published: 04 Jul 2025 at 09:22hrs | 141 | by Staff reporter
Zimbabwe's digital connectivity expands
Zimbabwe's Information and Communication Technology (ICT) sector experienced robust growth in the fourth quarter of 2024, with the national ICT index rising by 17.8% to reach 121.1. This significant i...Published: 04 Jul 2025 at 07:51hrs | 159 | by Staff reporter
Magunje cement project accused of rights abuses, displacements
The Centre for Natural Resource Governance (CNRG) has issued a scathing report accusing developers of the US$1 billion Magunje cement and mining project of widespread human rights abuses, forced displ...Published: 04 Jul 2025 at 07:50hrs | 202 | by Staff reporter
EU Warns Zimbabwe
The European Union (EU) has issued a stark warning to Zimbabwe, urging the government to implement urgent reforms to strengthen the rule of law, combat corruption, and ensure policy predictability. Wi...Published: 03 Jul 2025 at 12:31hrs | 1062 | by Staff reporter
Iran-Israel conflict threatening Zimbabwe's economy
The recent breakdown of ceasefire agreements between Iran and Israel has raised alarms over a potential full-scale conflict in the Middle East, with serious global economic repercussions that could se...Published: 03 Jul 2025 at 12:30hrs | 306 | by Staff reporter
TelOne struggles to attract investment
TelOne (Private) Limited is facing significant challenges in securing fresh capital for vital infrastructure expansion projects, as legacy debts inherited from the defunct Posts and Telecommunications...Published: 03 Jul 2025 at 12:29hrs | 125 | by Staff reporter
AfDB flags Zimbabwe's annual financing gap
Zimbabwe will require more than US$3.7 billion annually to meet its Sustainable Development Goals (SDGs) by 2030, according to a new economic outlook report released by the African Development Bank (A...Published: 03 Jul 2025 at 09:25hrs | 111 | by Staff reporter
Chinese miner in Zimbabwe grave rights abuses storm
The Centre for Natural Resource Governance (CNRG) has called on the Zimbabwean government to urgently intervene and halt alleged human rights abuses being committed by a Chinese-linked mining company ...Published: 03 Jul 2025 at 09:14hrs | 281 | by Staff reporter
Chivayo claims US$79 million private jet purchase
Flamboyant and controversial businessman Wicknell Chivayo has stirred social media once again after claiming to have splashed a staggering US$79 million on a brand-new Gulfstream G700 private jet, one...Published: 02 Jul 2025 at 18:19hrs | 1135 | by Staff reporter
Zimbabwe's GDP grows 2.9% to US$45.7 billion
Zimbabwe's economy expanded by 2.9 percent in 2024, with the Gross Domestic Product (GDP) rising to US$45.7 billion from US$44.4 billion in 2023, according to the latest figures released by the Zimbab...Published: 02 Jul 2025 at 17:46hrs | 164 | by Staff reporter
No water from the tap. They're asked to pay a tax anyway
HARARE, ZIMBABWE - The cholera outbreak that swept through Zimbabwe in 2008-2009 killed more than 4,000 people and sickened nearly 100,000. Parts of Harare and its surrounding suburbs were especially ...Published: 02 Jul 2025 at 10:02hrs | 448 | by Linda Mujuru, GPJ Zimbabwe
TelOne suffers liquidity crunch
State-owned telecommunications giant TelOne Private Limited is facing a serious liquidity crisis amid revelations that the government owes the company US$19.2 million for voice and data services rende...Published: 02 Jul 2025 at 09:37hrs | 198 | by Staff reporter
Legislating patriotism will never silence Zimbabwe's real patriots
The circus of Zimbabwe continues!Once again, we find ourselves witnessing the familiar theatrics of excitable ZANU PF legislators, now feverishly pushing for the enactment of a so-called "Nati...Published: 01 Jul 2025 at 11:03hrs | 87 | by Tendai Ruben Mbofana
Zim industry leaders call for Unified Taxation System
Zimbabwe's business community has raised concerns over the country's fragmented taxation system, urging the government to adopt a unified tax framework to alleviate the heavy burden of multiple taxes ...Published: 01 Jul 2025 at 08:20hrs | 129 | by Staff reporter
Zimbabwe govt under fire over TBs mismanagement
The Zimbabwean government is facing renewed criticism over its handling of Treasury Bills (TBs), amid allegations of corruption, regulatory manipulation, and financial mismanagement that have raised a...Published: 01 Jul 2025 at 08:16hrs | 491 | by Staff reporter
Failure to invest in youth sexual health could cost Zimbabwe $3.6bn
A new report by UNAIDS reveals that Zimbabwe stands to save billions of dollars by investing in sexual and reproductive health and rights (SRHR) services targeted at young people. The study, titled Th...Published: 30 Jun 2025 at 18:36hrs | 189 | by Staff reporter
RBZ's decision to halt gold coin sales has drawn warnings
The Reserve Bank of Zimbabwe (RBZ)'s decision to suspend the sale of gold coins has drawn warnings from an economic analyst, who says the move could expose the Zimbabwe Gold (ZWG) currency to inflatio...Published: 30 Jun 2025 at 09:15hrs | 2589 | 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
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 | 214 | by Staff reporter
Mangudya calls for equitable IMF fund disbursements
Former Reserve Bank of Zimbabwe (RBZ) governor and current CEO of Mutapa Investment Fund, John Mangudya, has urged the International Monetary Fund (IMF) to ensure equitable disbursements of funds to A...Published: 28 Jun 2025 at 14:44hrs | 70 | by Staff reporter
Zimbabwe banks process R6bn via regional payment systems
Zimbabwean banks processed transactions worth R6.09 billion (approximately US$339 million) through the Southern African Development Community Real-Time Gross Settlement System (SADC-RTGS) in 2024, mar...Published: 27 Jun 2025 at 18:32hrs | 279 | by Staff reporter
Load More Stories
