Search / Billion
Zimbabwe's Matebeleland might have a claim in Botswana's Tati concession
The government of Botswana, through the Ministry of Lands and Agriculture, acquitted 45,000 hectares of land from the Tati company under the willing buyer and willing seller arrangement. The Botswana ...Published: 7 mins ago | 5 | by Zenzele Ndebele
Billionaire Ramaphosa gets a pay rise
Parliament on Tuesday approved a salary increase for President Cyril Ramaphosa despite opposition from his ardent critics, the EFF and MK Party.This after ANC chief whip Mdumiseni Ntuli tabled...Published: 3 hrs ago | 510 | by Staff reporter
Mnangagwa says power cuts cast a cloud over Sadc
President Emmerson Mnangagwa has highlighted the persistent electricity shortages facing Zimbabwe and other Southern African Development Community (SADC) member states, calling them a major hindrance ...Published: 3 hrs ago | 85 | by Staff reporter
Mnangagwa reaffirms Zimbabwe's commitment to Tripartite Dialogue
President Mnangagwa has reaffirmed the Zimbabwean Government's dedication to maintaining dialogue under the Tripartite Negotiating Forum (TNF), an initiative praised by the International Labour Organi...Published: 4 hrs ago | 52 | by Staff reporter
Ramaphosa's economy shrinks 0.3%
The South African economy unexpectedly contracted by 0.3% from the second to the third quarter this year.Economists polled by Reuters expected growth of 0.5%.In the third quarter, the ...Published: 19 hrs ago | 289 | by Staff reporter
Global interventions to end HIV and AIDS: A call for sustained action
As the world marks over four decades since the emergence of HIV and AIDS, the global response has evolved from fear and stigma to hope and determination. Through innovative interventions, robust fundi...Published: 20 hrs ago | 299 | by Marilyn Mutize
Trump suggests Canada should become the 51st US State
US President-elect Donald Trump has suggested that Canada should become the 51st US state unless it manages to halt the flow of illegal migrants and drugs across its border with the US, Fox News repor...Published: 23 hrs ago | 1397 | by Staff reporter
'Banks refuse to make salary payments on behalf of Zimbabwe govt'
A dramatic financial crisis has hit Zimbabwe's civil service as banks have reportedly withheld payments for thousands of public sector workers' salaries, citing the government's inability to meet its ...Published: 03 Dec 2024 at 09:58hrs | 9088 | by Staff reporter
CSOs voice strong opposition to the Zimbabwe tax
Civil Society Organisations (CSOs) have voiced strong opposition to the Zimbabwean government's 2025 national budget, criticizing new taxes as oppressive and harmful to citizens already struggling wit...Published: 03 Dec 2024 at 08:54hrs | 179 | by Staff reporter
Mnangagwa breaks ground for 720MW power plant in Hwange
President Emmerson Mnangagwa today led the groundbreaking ceremony for a new 720MW thermal power plant in Hwange District, marking a major milestone for Matabeleland North Province and Zimbabwe's ener...Published: 02 Dec 2024 at 07:19hrs | 1786 | by Staff reporter
Zimbabwe forex receipts jumps 17.9% to $10 billion in 2024
Zimbabwe recorded a remarkable 17.9% increase in foreign currency receipts in the first nine months of 2024, reaching US$10 billion compared to US$8.5 billion during the same period in 2023. This grow...Published: 02 Dec 2024 at 07:17hrs | 83 | by Staff reporter
Mnangagwa's personality cult grows
President Emmerson Mnangagwa and his loyalists have intensified efforts to create a political personality cult as part of a controversial campaign to extend his presidency beyond the constitutional tw...Published: 01 Dec 2024 at 12:21hrs | 466 | by Staff reporter
RBZ assures bonus payments will not disrupt economic stability
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu has assured that the payment of civil servant bonuses ahead of the festive season will not affect price stability or the exchange rate....Published: 01 Dec 2024 at 08:50hrs | 94 | by Staff reporter
Zanu-PF is the big monster
AS recent as last week, Elon Musk's fortune had swelled to a stupendous and eye-watering US$348 billion, making him probably the richest man on the planet.It is just obscene that one person's ...Published: 01 Dec 2024 at 08:25hrs | 239 | by Bishop Lazarus
Zimbabwe's 'pizza budget' proves economy on the verge of collapse
Zimbabwe's 'pizza budget,' presented two days ago by Finance Minister Professor Mthuli Ncube as the 2025 National Budget Proposal, is a stark illustration of an economy on the verge of collapse. ...Published: 30 Nov 2024 at 19:01hrs | 536 | by Tendai Ruben Mbofana
China avails US$10 million food aid kitty for Zimbabwe
China has pledged an additional US$10 million in food aid to Zimbabwe as part of its ongoing efforts to mitigate the country's worsening food crisis, which has been exacerbated by the worst drought in...Published: 30 Nov 2024 at 13:02hrs | 35 | by Staff reporter
2025 Budget: A shallow, hollow, narcissistic and dishonest anti-people ritual
THE 2024 budget statement was presented in backdrop of a tough and challenging year for the working people of Zimbabwe. A year in which the citizen had been abused by extreme levels of inflation, emas...Published: 29 Nov 2024 at 18:47hrs | 716 | by Tendai Biti
China-Zimbabwe trade hits US$3 billion
Trade between Zimbabwe and China has surpassed US$3 billion in 2024, highlighting the growing economic ties under a comprehensive strategic partnership, Chinese Ambassador to Zimbabwe Zhou Ding reveal...Published: 29 Nov 2024 at 18:43hrs | 314 | by Staff reporter
Zimbabweans abroad sent home US$1,9 billion in 9 months
Zimbabweans living abroad sent a record-breaking US$1.9 billion back home in the first nine months of 2024, marking a significant 16.5% increase from the US$1.6 billion remitted in the same period las...Published: 29 Nov 2024 at 07:17hrs | 360 | by Staff reporter
Mthuli Ncube squeezes taxpayers
Finance, Economic Development and Investment Promotion Minister, Mthuli Ncube, yesterday unveiled a set of new taxes aimed at bolstering government revenue in the 2025 national budget. The tax measure...Published: 29 Nov 2024 at 07:16hrs | 803 | by Staff reporter
CCC MPs strongly reject 'betting, pizza budget'
Opposition legislators have strongly rejected Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube's 2025 national budget, criticizing it for failing to address the country's ...Published: 29 Nov 2024 at 07:13hrs | 448 | by Staff reporter
Mthuli Ncube sees 2025 growth rebound after this year's drought
Zimbabwe has projected economic growth to accelerate to 6 percent in 2025 from 2 percent this year, helped by improved agricultural output and power generation as the country recovers from a severe dr...Published: 28 Nov 2024 at 16:32hrs | 189 | by Staff reporter
It's time real patriotic Zimbabweans stood up against the destruction of their country
It never rains but pours for the people of Zimbabwe.This month, the Zimbabwean government failed to pay its civil servants their full salaries-a disgraceful development that underscores the de...Published: 28 Nov 2024 at 15:12hrs | 158 | by Tendai Ruben Mbofana
NOIC plans to boost pipeline capacity to 5 billion litres annually
The National Oil Infrastructure Company of Zimbabwe (NOIC) has unveiled plans to significantly increase the country's fuel pipeline capacity to five billion litres per year by 2026. This ambitious pro...Published: 28 Nov 2024 at 06:51hrs | 715 | by Staff reporter
New 750MW power station for Hwange
President Emmerson Mnangagwa is set to officiate the groundbreaking ceremony for a new 720-megawatt power station in Hwange next week, signaling another milestone in Zimbabwe's drive for energy self-s...Published: 28 Nov 2024 at 06:41hrs | 575 | by Staff reporter
Mnangagwa opens SADC meeting
President Emmerson Mnangagwa is set to officially open the Southern African Development Community (SADC) Committee of Ministers Responsible for Disaster Risk Management (DRM) meeting in Victoria Falls...Published: 27 Nov 2024 at 06:56hrs | 237 | by Staff reporter
Chinese cement plant commissioning set for January in Zimbabwe
Huaxin Zimbabwe (Pvt) Limited, a subsidiary of Chinese multinational Huaxin Cement Co. Ltd, is on track to commence cement production at its state-of-the-art plant in Mount Hampden by the end of 2024....Published: 27 Nov 2024 at 06:41hrs | 201 | by Staff reporter
Zimbabwe charts ambitious return to global finance at debt conference
Zimbabwe's president hosted creditors and finance executives on Monday to discuss ambitious goals to clear debt arrears and restructure $12.7 billion in external debt, as the country aims to eventuall...Published: 26 Nov 2024 at 08:22hrs | 206 | by Staff reporter
US wants Zimbabwe to double down on reforms
The United States is urging the Zimbabwe government to double down on reforms aimed at returning the country to the prosperity it once enjoyed.Speaking to reporters in Harare on Monday, Pamela...Published: 26 Nov 2024 at 08:20hrs | 934 | by Staff reporter
Zimbabwe to pay white farmers US$331 million in move to rework debt
Zimbabwe plans to pay $331 million to white former farmers whose land the nation seized in 2000 as a step toward getting creditors to agree to restructure the nation's debt pile, which has left it loc...Published: 26 Nov 2024 at 08:19hrs | 453 | by Staff reporter
Zimbabwe under pressure over debt clearance
Zimbabwe is facing increasing pressure to implement the key reforms demanded as part of the ongoing arrears clearance and debt resolution process. With international mediators aiming to conclude the p...Published: 26 Nov 2024 at 08:12hrs | 111 | by Staff reporter
Climate finance and mismanagement in Zimbabwe: Bridging the gap between promises and accountability
As the world grapples with the escalating climate crisis, financial commitments to support developing nations in climate change mitigation and adaptation have taken center stage in international negot...Published: 24 Nov 2024 at 17:40hrs | 230 | by Tendai Ruben Mbofana
Chinese debt threatens to switch off Zimbabwe's Hwange
Zimbabwe's industrial sector is on edge this week as concerns grow over the future of the Hwange Thermal Power Station, a critical asset for the country's beleaguered power grid. With power utility Ze...Published: 24 Nov 2024 at 10:14hrs | 11611 | by Staff reporter
ZiG spawns upheavals in insurance industry
Insurers have been scrambling to reassure policyholders as market jitters resurface in the wake of the introduction of Zimbabwe Gold (ZiG) in April. With memories of the devastating currency shifts in...Published: 24 Nov 2024 at 10:13hrs | 245 | by Staff reporter
Revenue woes cripple Harare
The Harare City Council has collected only 40 percent of its targeted revenue for the first nine months of 2024, severely hampering its ability to deliver essential services. The council raised ZiG2.0...Published: 24 Nov 2024 at 09:57hrs | 154 | by Staff reporter
Zimbabwe banking sector strengthens amid declining non-performing loans
The Reserve Bank of Zimbabwe (RBZ) has reported a significant improvement in the country's banking sector credit risk landscape, marked by a decrease in the ratio of non-performing loans (NPLs) to tot...Published: 24 Nov 2024 at 09:55hrs | 70 | by Staff reporter
Zimbabwe's tobacco sector showing signs of robust recovery
Zimbabwe's tobacco sector is showing signs of a robust recovery, with an 8% increase in registered growers for the 2024/2025 summer cropping season. As of November 15, 2024, 120,983 farmers have regis...Published: 24 Nov 2024 at 09:55hrs | 50 | by Staff reporter
The truth about symbiotic survival of Mnangagwa and Chiwenga!
Citizens, forget about these fake social media channels news, one called Chatufa voices and his admirers. We are subjected in a web of fake news and meanings that spin themselves constantly, finding i...Published: 22 Nov 2024 at 15:54hrs | 836 | by Nomazulu Thata
South Africa's big business wants spaza shop economy?
Major businesses across South Africa are looking to capitalise on the country's booming informal economy, with many companies licking their lips at an opportunity worth hundreds of billions of rands....Published: 22 Nov 2024 at 10:04hrs | 570 | by Staff reporter
US$88million needed for airports upgrade
The Airports Company of Zimbabwe (ACZ) requires US$88 million in the 2025 financial year to fund critical infrastructure development projects, including the construction and refurbishment of airports ...Published: 22 Nov 2024 at 07:02hrs | 151 | by Sgtaff reporter
Russia fires powerful intercontinental ballistic missile in attack on Ukraine
Russia launched an intercontinental ballistic missile during an attack on Ukraine on Thursday, Kyiv's air force said, in the first known use in the war of such a powerful, nuclear-capable weapon with ...Published: 21 Nov 2024 at 10:20hrs | 2250 | by Staff reporter
Ecocash loses ZWG 148,7 million in conversion to new currency
Ecocash Holdings Zimbabwe Limited, a leading diversified digital solutions group, has reported a loss of ZWG 148.7 million following the transition to the newly introduced ZWG currency, which was intr...Published: 21 Nov 2024 at 06:35hrs | 1850 | by Staff reporter
EcoCash Holdings posts strong profit growth in half-year results
EcoCash Holdings Zimbabwe Limited has posted impressive results for the half-year ending August 31, 2024, highlighting the resilience of its business model and the effectiveness of its strategic initi...Published: 21 Nov 2024 at 06:21hrs | 29 | by Staff reporter
Zimbabwe inches closer to rejoining Britain's colonies club
Zimbabwe's "remarkable democratic progress" has positioned the nation closer to rejoining the Commonwealth, the bloc's secretary-general, Ms. Patricia Scotland, has said.As Zimbabwe intensifie...Published: 21 Nov 2024 at 06:20hrs | 111 | by Staff reporter
Paid an arm and leg for Hwange Unit 7 & 8 and yet they not generating - Chinese demanding head in a silver platter!
ZESA's explanation of reduced generation from Hwange Thermal Power Station especially due to repeated Units 7 and 8 did not make any sense at all. The two units costing US$ 1.4 billion were commission...Published: 20 Nov 2024 at 21:17hrs | 2636 | by Wilbert Mukori
Batoka Gorge Hydroelectric Project fraught with significant hurdles
The long-awaited Batoka Gorge Hydroelectric Project, heralded as a potential solution to Zimbabwe and Zambia's ongoing power shortages, may face insurmountable challenges that could delay or derail it...Published: 20 Nov 2024 at 07:06hrs | 507 | by Staff reporter
'ZSE left with two valuable counters'
The Zimbabwe Stock Exchange (ZSE) is witnessing a significant shift, with Delta Corporation Limited and Econet Wireless Zimbabwe now standing as the only major valuable counters on the bourse. Several...Published: 20 Nov 2024 at 07:03hrs | 189 | by Staff reporter
Harare council fails to account for 100,000 houses
Harare Mayor Councillor Jacob Mafume has disclosed that the city is failing to collect rates from over 100,000 households due to an inefficient accounting system, further exacerbated by a growing numb...Published: 20 Nov 2024 at 06:48hrs | 194 | by Staff reporter
NMBZ turns to Rabobank for agric financing
NMBZ Holdings Limited, a leading financial services group, has announced a strategic partnership with Rabobank, a Dutch multinational specializing in banking and financial services, to implement an en...Published: 19 Nov 2024 at 08:49hrs | 214 | by Staff reporter
Zimbabwe cuts some spending items as ZiG drop hits budget
Zimbabwe's currency devaluation is forcing the government to cut spending on certain budget items.The country's Treasury asked government departments to prioritize their spending commitments f...Published: 18 Nov 2024 at 15:08hrs | 152 | by Staff reporter
Load More Stories
