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Refineries under threat as RBZ gulps more forex
Zimbabwe's biggest mining companies have sounded alarm bells over the potential suspension of crucial expansion projects - including refineries valued at over US$432 million - following the Reserve Ba...Published: 15 hrs ago | 397 | by Staff reporter
Zimbabwe govt brokers EU power deals as blackouts unsettle economy
The Zimbabwean government is actively facilitating partnerships between local independent power producers (IPPs) and European Union (EU) investors to secure much-needed funding for critical energy pro...Published: 15 hrs ago | 331 | by Staff reporter
Zimbabwe misses €150 billion conditional funding from EU
Europe and Africa's strategic partnership has entered an exciting new phase, with both continents reaffirming their commitment to deepen economic cooperation and promote global peace. However, Zimbabw...Published: 15 hrs ago | 216 | by Staff reporter
Pick n Pay writes off entire Zimbabwe investment
South African retail giant Pick n Pay Group Limited has reported an unrecognised loss of R51 million from its Zimbabwean associate, TM Supermarkets, for the 53 weeks ending March 2, 2025 - marking a d...Published: 16 hrs ago | 2117 | by Staff reporter
Afreximbank exposes US$2,4 billion hole in Zimbabwe external debt
The African Export-Import Bank (Afreximbank) has revealed a significant US$2.4 billion discrepancy in Zimbabwe's official external debt data, raising fresh concerns over the credibility of the country...Published: 16 hrs ago | 102 | by Staff reporter
Zimbabwe's pension crisis: Full compensation for 2008 losses may take 100 years
Zimbabwe's pension funds have sounded the alarm over their inability to compensate retirees who lost their life savings during the 2008 economic collapse, warning that, at current fund levels, full re...Published: 16 hrs ago | 170 | by Staff reporter
Zimbabwe to benefit from surge in remittances
Zimbabwe stands to gain significantly from a projected surge in remittance inflows into Africa, with the African Development Bank (AfDB) forecasting that the continent will receive US$100 billion in r...Published: 19 hrs ago | 102 | by Staff reporter
Zacc cracks down on rampant land grabs
The Zimbabwe Anti-Corruption Commission (Zacc) has raised alarm over the persistent and unlawful takeover of State and communal land by powerful land barons, despite repeated government warnings again...Published: 19 hrs ago | 111 | by Staff reporter
Black and White farmers rebuild Zimbabwe's agricultural ties
In a field rich with paprika plants near the heart of Zimbabwe, fourth-generation white farmer Daniel Burger and newcomer Miriam Mupambawashe - a black farmer who arrived with the land reforms of the ...Published: 19 hrs ago | 75 | by Staff reporter
Zimbabwe-Zambia scramble to revive US$5bn power project
More than three decades after it was first proposed, the Batoka Gorge Hydropower Project is back in the spotlight as Zimbabwe and Zambia renew efforts to revive the long-stalled US$5 billion energy ve...Published: 29 May 2025 at 13:22hrs | 1613 | by Staff reporter
Cash-hoarding cripples Zimbabwe banking sector
Zimbabwe's banking sector is under immense strain due to a severe liquidity crisis, with billions of dollars being hoarded outside the formal financial system by wealthy individuals. This alarming dev...Published: 29 May 2025 at 13:18hrs | 659 | by Staff reporter
Call to end period poverty
Politician Linda Masarira has called on the Zimbabwean government to urgently end period poverty and formally recognise menstrual sick leave as a fundamental human right.Her call came as Zimba...Published: 29 May 2025 at 10:31hrs | 106 | by Staff reporter
'Zimbabwe could unlock US$9bn from retaken land'
The outgoing president of the African Development Bank (AfDB), Akinwumi Adesina, has revealed that Zimbabwe could unlock up to US$9 billion from land seized during the 2001 fast-track land reform prog...Published: 29 May 2025 at 10:24hrs | 207 | by Staff reporter
Zimbabwe's new politics of fraud
IN Zimbabwe, politics is no longer just the art of the possible.It has become the science of the scam.From boreholes to buses, roads to resettlement deeds, today's governance is not me...Published: 29 May 2025 at 10:23hrs | 451 | by Staff reporter
Africa set to attract $100 billion in remittance inflows
The African Development Bank (AfDB) has projected that Africa will receive approximately US$100 billion in remittance inflows in 2025, as the continent positions itself to harness the full potential o...Published: 29 May 2025 at 10:20hrs | 23 | by Staff reporter
Trabablas Interchange commissioning on Friday
The state-of-the-art US$88 million Trabablas Interchange is scheduled for official commissioning this Friday, heralding a significant infrastructural milestone under President Emmerson Mnangagwa's adm...Published: 28 May 2025 at 10:57hrs | 387 | by Staff reporter
Zimbabwe sees $2.6bn bridge finance in place by early 2026
Zimbabwe anticipates securing $2.6 billion in bridge financing by the first quarter of next year, a crucial step needed to repay debt owed to international financial institutions and regain access to ...Published: 28 May 2025 at 10:51hrs | 113 | by Staff reporter
Zimbabwe's economic reforms gain momentum with IMF deal
Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, has announced that Zimbabwe expects to secure a Staff Level Agreement (SLA) with the International Monetary Fun...Published: 28 May 2025 at 10:38hrs | 81 | by Staff reporter
Wicknell Chivayo: A symbol of wealth, controversy, and economic imbalance in Zimbabwe
In Zimbabwe, Wicknell Chivayo has become a household name, renowned for his extravagant lifestyle. From lavishly distributing luxury vehicles to reportedly acquiring a private jet, his wealth and ambi...Published: 28 May 2025 at 10:24hrs | 73 | by Staff reporter
There were no Zvigananda under Smith because Rhodesians loved Zimbabwe more than ZANU-PF!
There is something tragically ironic about the state Zimbabwe finds itself in today.A country that was once described by none other than former Tanzanian President Julius Nyerere as the "jewel...Published: 27 May 2025 at 20:45hrs | 995 | by Tendai Ruben Mbofana
Zimbabwe suspends livestock imports from South Africa over FMD outbreak
Zimbabwe has suspended, with immediate effect, all imports of live cloven-hoofed animals and their related products from South Africa following a confirmed outbreak of Foot and Mouth Disease (FMD) in ...Published: 26 May 2025 at 19:40hrs | 320 | by Staff reporter
Zimbabwe's debt indaba on, AfDB meetings start
The African Development Bank Group (AfDB) has commenced its 2025 annual meetings today, featuring key agenda items including Zimbabwe's arrears clearance and debt resolution process, as well as ...Published: 26 May 2025 at 08:31hrs | 139 | by Staff reporter
Zimbabwe makes major strides in reviving steel industry
Zimbabwe is steadily reclaiming its position as a regional steel industry leader after the recent shipment of nearly 100 tonnes of steel products by the newly commissioned Dinson Iron and Steel Compan...Published: 26 May 2025 at 08:23hrs | 222 | by Staff reporter
Zimbabwe missing out on mega EU loans - loans have to be paid back
Zimbabwe is missing out on crucial loans from Europe's largest financial institutions, including the European Investment Bank (EIB), due to its unsustainable debt burden, the European Union's ambassad...Published: 26 May 2025 at 08:16hrs | 45 | by Staff reporter
RBZ blames liquidity crunch on hoarding of US dollars
The Reserve Bank of Zimbabwe (RBZ) has attributed the ongoing liquidity crunch in the economy to the hoarding of United States dollars, dismissing claims that the shortage is linked to limited supply ...Published: 26 May 2025 at 08:15hrs | 106 | by Staff reporter
Why were Zimbabweans left behind 45 years after independence, in the first place?
There's always something telling - yet deeply disturbing - about the mantras repeated by the Zimbabwean government.Yesterday, I watched a report on the state-controlled broadcaster in which th...Published: 24 May 2025 at 23:30hrs | 1357 | by Tendai Ruben Mbofana
Chivayo meltdown deepens mystery over R800m ZEC windfall
Flamboyant businessman Wicknell Chivayo has sparked fresh controversy following a bizarre outburst dismissing growing questions over alleged multimillion-rand payments linked to Zimbabwe's 2023 electi...Published: 24 May 2025 at 11:03hrs | 1644 | by Staff reporter
Where are the once touted Zupco buses?
As members of the fourth estate, our role is clear: to hold power to account and to speak truth to those entrusted with public resources. Remaining silent in the face of Zimbabwe's ongoing transport c...Published: 24 May 2025 at 11:00hrs | 279 | by Staff reporter
No end in sight to Zimbabwe's electricity crisis
Zimbabwe is currently grappling with a severe energy crisis, characterized by daily load-shedding lasting up to 16 hours. Meanwhile, neighboring Zambia remains cautiously optimistic about easing its p...Published: 24 May 2025 at 10:59hrs | 280 | by Staff reporter
Zimbabwe's gold sector performing exceptionally well, but
Zimbabwe's gold sector is experiencing a period of robust growth, yet mining leaders and experts are asking whether the country is fully capitalising on its mineral wealth.This was the central...Published: 24 May 2025 at 09:00hrs | 62 | by Staff reporter
Zimbabwe banks channel US$200m into agric sector
Zimbabwe's banking sector has injected approximately US$200 million to support the ongoing 2024/2025 summer cropping season, underscoring renewed efforts to revitalize agriculture, a sector long regar...Published: 22 May 2025 at 12:08hrs | 216 | by Staff reporter
Treasury launches last-ditch push to stabilise Zimbabwe economy
Zimbabwe's Treasury has embarked on a last-ditch effort to stabilise the country's fragile economy, amid growing fears that policy inconsistency, inflation, and currency volatility could derail indust...Published: 22 May 2025 at 11:33hrs | 605 | by Staff reporter
Zimbabwe excluded from €500 million EU aid package
Zimbabwe has been excluded from a new €500 million aid package from the European Union (EU) to Africa, following the recent enactment of the controversial Private Voluntary Organisation (PVO) Amendm...Published: 22 May 2025 at 11:28hrs | 367 | by Staff reporter
Biti warns of disaster if Tagwirei ascends to Zimbabwe's Presidency
Former opposition MP and finance minister Tendai Biti has sounded alarm over the possible political elevation of controversial businessman Kudakwashe Tagwirei, warning that his rise to the presidency ...Published: 22 May 2025 at 10:11hrs | 914 | by Staff reporter
EU urges Zimbabwe firms to come up with bankable projects
The European Union (EU) ambassador to Zimbabwe, Jobst von Kirchmann, has called on local businesses to develop bankable projects to attract investment funding, as the EU recently secured over US$100 m...Published: 22 May 2025 at 09:40hrs | 88 | by Staff reporter
'Chivayo should be celebrated'
Holy Spirit Ministries pastor Solomon Ndlovu has sparked fierce debate after publicly defending controversial businessman and tenderpreneur Wicknell Chivayo, insisting the flamboyant socialite has com...Published: 21 May 2025 at 19:58hrs | 730 | by Staff reporter
'Zimbabwe, EU ties to top US$1bn'
Trade and investment ties between Zimbabwe and the European Union (EU) are expected to exceed US$1 billion in the coming years, as both parties strengthen economic collaboration, EU Ambassador to Zimb...Published: 21 May 2025 at 19:54hrs | 264 | by Staff reporter
Radisson comes to Zimbabwe
WestProp Holdings has commenced construction of a three-storey Radisson-branded aparthotel in Harare, marking a major step forward in the company's ambitious "billion brick" vision to reshape Zimbabwe...Published: 21 May 2025 at 14:31hrs | 369 | by Staff reporter
EU-Zimbabwe Business Forum kicks off in Harare
The inaugural EU-Zimbabwe Business Forum kicked off in Harare on Tuesday, marking a significant step toward revitalising and strengthening trade and investment relations between Zimbabwe and the Europ...Published: 21 May 2025 at 13:22hrs | 106 | by Staff reporter
Malema's EFF slams Johann Rupert's state capture project
The Economic Freedom Fighters (EFF) has come out strongly against the inclusion of billionaire businessman Johann Rupert in a South African delegation set to meet former United States President Donald...Published: 21 May 2025 at 12:37hrs | 478 | by Staff reporter
No, Mr. Chivayo, it's not your money, it's ours!
It's mind-boggling how easily some people slip into delusion.Wicknell Chivayo's recent outburst on social media - declaring that he has no obligation to assist public hospitals and can do what...Published: 20 May 2025 at 21:36hrs | 1458 | by Tendai Ruben Mbofana
Zim targets 1,8 million solar systems by 2030
HARARE - Zimbabwean population needs over a million and eight-hundred thousand (1,8 million) solar infrastructure-related systems to be installed countrywide as safe alternative to resolve possible en...Published: 20 May 2025 at 19:04hrs | 397 | by Gideon Madzikatidze
Chivayo rubbishes SA financial intelligence report on corruption claims
The controversial tenderpreneur calling himself Mbinga, Wicknell Chivayo, has dismissed the financial intelligence report originating from South Africa that he conducted clandestine and corrupt transa...Published: 20 May 2025 at 09:10hrs | 1080 | by Stephen Jakes
Zimbabwe goes digital in livestock management
The Ministry of Lands, Agriculture, Fisheries, Water and Rural Development has officially launched the National Livestock Stock Card Initiative in Chidziva Village, Bindura, aiming to transform the li...Published: 19 May 2025 at 09:33hrs | 467 | by Staff reporter
Treasury posts ZiG3,46bn surplus in first 4 months
The Treasury has recorded a surplus of ZiG3.46 billion during the first four months of the 2025 fiscal year, driven by disciplined cost containment and punctual debt servicing.While this surpl...Published: 19 May 2025 at 09:27hrs | 205 | by Staff reporter
Zimbabwe targets 2030 to clear US$21 billion debt
Zimbabwe has set an ambitious 2030 deadline to clear its ballooning US$21 billion public debt, in a bid to create the foundations for a stable mono-currency regime anchored by the Zimbabwe Gold (ZiG) ...Published: 19 May 2025 at 09:21hrs | 126 | by Staff reporter
NMBZ finalises US$70m external credit lines
Zimbabwe Stock Exchange-listed financial services group NMBZ Holdings is on the verge of securing external lines of credit worth over US$70 million, as part of its broader strategy to unlock US$100 mi...Published: 19 May 2025 at 09:19hrs | 84 | by Staff reporter
Garwe under fire for alleged land grab benefiting Mnangagwa ally
Local Government Minister Daniel Garwe is once again embroiled in a controversial land seizure scandal, this time accused of stripping residential stands from nearly 100 former Members of Parliament (...Published: 19 May 2025 at 09:15hrs | 310 | by Staff reporter
Zimbabwe needs a reset through an NTA to prepare for democratic transition
Zimbabwe is teetering on the brink. We are witnessing a nation sliding further into economic despair, political illegitimacy, and social disintegration. The alarm bells are ringing lou...Published: 18 May 2025 at 17:46hrs | 445 | by Tendai Ruben Mbofana
Patrice Motsepe to buy ANC next Presidency?
Senior ANC members want to convince the billionaire Patrice Motsepe to make himself available to stand as the party's next president.Rapport cited two well-placed sources who said many ANC mem...Published: 18 May 2025 at 13:37hrs | 1202 | by Staff reporter
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