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Govt workers stage a flash protest at Mthuli Ncube's office
Civil servants staged a flash protest yesterday at the New Government Complex before marching to the offices of the Ministry of Finance, Economic Development and Investment Promotion in Harare, pressi...Published: 15 Jul 2025 at 08:20hrs | 694 | by Staff reporter
Smuggling takes toll on Zimbabwe economy
A sharp increase in smuggling and unregulated imports is intensifying illicit financial flows (IFFs) in Zimbabwe, severely undermining the country's formal retail sector. Authorities have recently pro...Published: 16 May 2025 at 10:41hrs | 399 | by `
Fidelity Gold Refinery invites bids for gold collection centre construction
Fidelity Gold Refinery (FGR), a wholly owned subsidiary of the Mutapa Investment Fund, has issued a tender for the construction of gold collection centres as part of efforts to improve accessibility a...Published: 23 Mar 2025 at 08:08hrs | 223 | by Staff reporter
Mthuli Ncube's 2025 Budget to increase cost of doing business
Leading retailer OK Zimbabwe has expressed concern that the 2025 National Budget, as outlined by Finance Minister Prof Mthuli Ncube, will increase business costs, further exacerbating an already chall...Published: 20 Dec 2024 at 11:12hrs | 581 | by Staff reporter
Zimbabwe's GDP takes US$12bn knock
Zimbabwe's gross domestic product (GDP) has sharply fallen to US$35 billion in November, a staggering 25% decline from US$47 billion in April. The sharp contraction highlights the dire economic challe...Published: 14 Dec 2024 at 10:35hrs | 197 | by Staff reporter
Mthuli Ncube's budget is anti-people, anti-business and anti-Zimbabwe
Citizens Coalition for Change Statement on 2025 budget statement The recent national budget proposal exposes the Zanu-PF government's obnoxious penchant to compulsorily expropriate people's mo...Published: 30 Nov 2024 at 13:28hrs | 87 | by Willias Madzimure
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 | 736 | by Tendai Biti
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 | 462 | by Staff reporter
ZiG monthly inflation seen staying below 3%
Zimbabwe's gold-backed currency (ZiG) is expected to maintain stable inflation levels, with average month-on-month inflation forecast to remain below 3% in 2025. This projection is underpinned by stri...Published: 29 Nov 2024 at 06:53hrs | 80 | by Staff reporter
Rampant fraud on fuel in transit worries Mthuli Ncube
Finance Minister Mthuli Ncube has proposed a temporary import duty on fuel in transit to other countries to address ongoing issues with transit fraud. In his mid-term budget statement to parli...Published: 26 Jul 2024 at 16:01hrs | 3108 | by Staff reporter
Afrochine loses US$3m tax battle with Zimra
AFROCHINE Smelting Private Limited has been ordered to pay nearly US$3 million in royalties for under-declaring its earnings. Afrochine Smelting is a company that produces and exports ferrochrome, an ...Published: 11 Mar 2024 at 11:31hrs | 3 | by Staff reporter
Government scraps Zupco service contract
THE Government has terminated the service contract with the Zimbabwe United Passenger Company (Zupco) to provide urban mass transport which was gobbling US$6 million a month, saying the company has be...Published: 25 Feb 2024 at 07:14hrs | 2 | by Staff reporter
10% tollgate resident discounts gazetted
People living within 10km of a tollgate shall pay toll fees discounted by 10 percent following the gazetting of Statutory Instrument 5 of 2024, the Toll Roads (National Road Network) (Amendment) Regul...Published: 22 Jan 2024 at 04:48hrs | | by Staff reporter
Zimdollar exchange rate bolts
MARKET watchers have predicted a gloomy 2024 outlook amid a galloping exchange rate, steep taxation and an ever tanking economy, NewsDay reported.As usual, this is heavily impacting on ordinar...Published: 08 Jan 2024 at 05:36hrs | 14 | by Staff reporter
Zimbabwe govt urged to dollarise pensions
THE Zimbabwe National Union of School Heads (Zinush) has pleaded for the dollarisation of pensions as inflation continues to eat away the life savings of educators, condemning many to poverty after ye...Published: 27 Dec 2023 at 07:32hrs | 16 | by Staff reporter
Zimbabwe's house negroes
THERE was once a fire at the slave master mansion and the house negro was heard wailing: "Our house is on fire!" much to the astonishment of the field negroes.This small anecdote flashed and r...Published: 23 Dec 2023 at 10:21hrs | 14 | by Paidamoyo Muzulu
Mnangagwa cracks whip on top soldiers
President Emmerson Mnangagwa has reportedly cracked the whip firing seven high-ranking members of the Zimbabwe Defence Forces (ZDF) after they failed to rein in their subordinates who walked out on hi...Published: 19 Dec 2023 at 13:55hrs | 26 | by Staff reporter
Mthuli Ncube forced to revise passport fees
Finance minister Mthuli Ncube steered through his 2024 national budget in a marathon sitting of parliament which concluded just before 1AM on Friday, making several revisions to his tax proposals....Published: 15 Dec 2023 at 15:47hrs | 7 | by Staff reporter
Civil servants get final bonus payment
The first group of civil servants started receiving the second and final payment of their annual bonus yesterday as per agreement with the employer as the Second Republic continues to walk the talk on...Published: 13 Dec 2023 at 05:12hrs | | 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 | 10 | by Staff reporter
Ncube budget proves, once again, 'nation can tax itself into prosperity' by taxing poor to spare the rich
"I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle," said Si...Published: 02 Dec 2023 at 08:44hrs | 12 | by Wilbert Mukori
ZIMRA to deduct 30% on wheat payments to farmers
As the festive season approaches, farmers in Zimbabwe are facing the harsh reality of celebrating Christmas without the much-needed funds, following a decision by grain millers to suspend payments. Th...Published: 30 Nov 2023 at 10:35hrs | 16 | by Mandla Ndlovu
Professor Ncube readies Zimbabwe's budget
AS Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, readies to present the 2024 National Budget tomorrow, expectations are high that it will consolidate prevail...Published: 29 Nov 2023 at 05:08hrs | 16 | 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 | 14 | by Paidamoyo Muzulu
Zimbabwe's inflation drops to 101.3%
Zimbabwe's annual inflation eased to 101,3 percent in July from 175,8 percent in the prior month as the local unit continued to firm against the United States dollar and riding on tight fiscal and mon...Published: 26 Jul 2023 at 06:38hrs | 2 | by Staff reporter
Work on Bulawayo-Nkayi Road begins
WORK on the rehabilitation of the 158km Bulawayo-Nkayi Road has resumed following the disbursement of funds by Government for the project as the Second Republic steps up efforts towards completing out...Published: 29 Mar 2023 at 06:52hrs | 2 | by Staff reporter
Nkayi roadworks resume
WORK on the rehabilitation of a 15km stretch of the Bulawayo-Nkayi Road is set to resume with contractors now in the process of mobilising machinery and other equipment, and expected to be on the site...Published: 08 Mar 2023 at 05:29hrs | 4 | by Staff reporter
Zesa mulls switch to forex-indexed power tariff
POWER utility Zesa Holdings Limited wants all of its clients, including industries, to pay their electricity bills in foreign currency to fulfil its power import commitments, Zimbabwe Independent can ...Published: 12 Feb 2023 at 07:26hrs | 1 | by Staff reporter
Mnangagwa govt, white farmers head for showdown
White former commercial farmers, whose land was acquired under the land reform programme are reportedly worried about a "longer" period that the compensation process may take after Zimbabwe Government...Published: 20 Jan 2023 at 06:38hrs | | by Staff reporter
Zimbabwe school headmasters face the sack over illegal fees hikes
HEADS of Government schools who defy laid down guidelines in hiking fees will be deemed to have committed acts of misconduct and will be liable to disciplinary action, which may include dismissal, whi...Published: 13 Jan 2023 at 05:45hrs | 7 | by Staff reporter
Zesa tariff hike looms for miners
ZESA Holdings is set to review tariffs for major consumers such as miners to improve generation and boost its capacity to import electricity to meet local demand.In his 2023 national budget st...Published: 02 Dec 2022 at 05:01hrs | 2 | by Staff reporter
Mnangagwa's wife gets National Budget allocation
FIRST Lady Auxillia Mnangagwa has been mentioned in the National Budget - the first time for a first lady - and will get Treasury funding for her programmes as she increasingly gets involved in govern...Published: 29 Nov 2022 at 18:01hrs | | by Staff reporter
Mnangagwa's govt hard-pressed to appease restless public sector workers
FINANCE minister Mthuli Ncube has proposed to increase the proportion of employment costs on state expenditure to 52.4% from 42.3% as the desperate government makes frantic efforts to appease the 300 ...Published: 27 Nov 2022 at 14:58hrs | 2 | by Staff reporter
Mnangagwa's govt in $174 billion expenditure overrun
ZIMBABWE has reported a $174 billion expenditure overrun in the nine months of 2022 to September, latest figures show.Despite beating revenue collection targets for the nine months of 2022 by ...Published: 27 Nov 2022 at 14:54hrs | | by Staff reporter
Zimbabwe sets aside $1,2 billion for sports facilities
RENOVATIONS at the National Sports Stadium are set to be accelerated next year after the Government set aside ZW$1,2 billion for rehabilitation of sporting facilities across the country.The ot...Published: 25 Nov 2022 at 05:06hrs | 8 | by Staff reporter
ZEC gets $74 billion for elections
The Government has set aside $76 billion for the 2023 harmonised elections to cover various activities, with $53 billion earmarked for the actual polling.Presenting the 2023 National Budget ye...Published: 25 Nov 2022 at 05:04hrs | 10 | by Staff reporter
RBZ in dramatic U-turn on Fidelity privatisation
IN a dramatic policy U-turn, the Reserve Bank of Zimbabwe (RBZ) has indefinitely suspended its plans to partially privatise Fidelity Printers and Refiners (FPR) nearly two years after announcing inten...Published: 04 Nov 2022 at 05:32hrs | | by Staff reporter
Suspects offer police transport to stations
THE ministry of Home Affairs has revealed that a serious shortage of vehicles is forcing police officers to accept transport to their stations from suspects they would have arrested.Deputy Hom...Published: 09 Oct 2022 at 07:56hrs | | by Staff reporter
Zimbabwe treasury fails to fund teacher recruitment
THE Public Service Commission (PSC) on Thursday said Treasury had failed to raise funds required to recruit more teachers amid claims by unions that the country has a shortfall of 100 000 teachers....Published: 24 Sep 2022 at 06:13hrs | | by Staff reporter
Chamisa flags barren Zanu-PF leadership
Citizens Coalition for Change (CCC) leader Nelson Chamisa has dismissed government's 2022 Mid-Term budget statement as a blatant certification to citizen poverty adding the fiscal blueprint was reflec...Published: 04 Aug 2022 at 22:32hrs | 12 | by Staff reporter
'Mthuli Ncube has failed us'
WOMEN's organisations have decried failure by Finance minister Mthuli Ncube to address "menstrual poverty" among girls and women who are failing to access affordable sanitary wear.Ncube last w...Published: 02 Aug 2022 at 06:47hrs | 1 | by Staff reporter
Ziyambi Ziyambi challenged over PVOs Bill
JUSTICE minister Ziyambi Ziyambi has been challenged to provide evidence on political interference by non-governmental organisations and that some charities are conduits for sponsoring terrorism and o...Published: 03 May 2022 at 16:02hrs | 2 | by Staff reporter
Mthuli Ncube holds talks with investors on USD bond
Finance and Economic Development Minister Professor Mthuli Ncube last week held a productive meeting with international investors who are keen to participate in the Government's US$100 million bond th...Published: 25 Apr 2022 at 08:49hrs | 4 | by Staff reporter
Failure to compensate white farmers will result in Zimbabwe debt ballooning; IMF warns
ZIIMBABWE's failure to compensate white former farmers as per agreement will result in the country's public debt bulging, the International Monetary Fund (IMF) has warned.The Bretton woods ins...Published: 11 Apr 2022 at 07:56hrs | 4 | by Staff reporter
Zimbabwe debt burden to worsen, claims IMF
THE International Monetary Fund (IMF) has warned that Zimbabwe's debt burden will worsen considerably due to the country's inability to compensate its displaced white former farmers, and the Reserve B...Published: 11 Apr 2022 at 06:34hrs | | by Staff reporter
Zimbabwe mulls fuel levy cuts
Zimbabwe has hinted it may further reduce fuel levies to stymie a sustained spike in the domestic price of petroleum products after global prices soared on market uncertainty due to the conflict betwe...Published: 21 Mar 2022 at 06:23hrs | | by Staff reporter
US$800m regime change kitty at risk in 2022 NGOs Bill
THE Private Voluntary Organisations Amendment Bill could cost Zimbabwe close to US$800 million in development funding this year – with devastating social and economic consequences – if the governm...Published: 20 Mar 2022 at 06:34hrs | 2 | by Staff reporter
Zimbabweans to pay a heavy price for Mnangagwa's proposed draconian law
PRESIDENT Emmerson Mnangagwa has been accused of seeking to sacrifice the lives of millions of people that survive on humanitarian aid by trying to ban non-governmental organisations through a c...Published: 06 Mar 2022 at 08:31hrs | 2 | by Staff reporter
Crime watchdog removes Zimbabwe from 'grey' watchlist
The global financial crime watchdog the Financial Action Task Force (FATF) has removed Zimbabwe from its "grey" watchlist, giving some rare relief to an economy battling global financial isolation....Published: 06 Mar 2022 at 08:27hrs | 2 | by Staff reporter
MPs corner Mthuli Ncube
MEMBERS of Parliament have asked the Ministry of Finance and Economic Development to disclose the list of companies paying corporate taxes to government as part of measures meant to enhance transparen...Published: 20 Feb 2022 at 09:03hrs | 2 | by Staff reporter
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