Search / Debt
Loan guarantee beneficiary denies Zanu-PF crony links
LUXAFLOR Roses, the company which got a US$750 000 bank loan guarantee from government that has raised eyebrows, says it does not have any link with Zanu-PF, despite its manager having previously expr...Published: 8 hrs ago | 144 | by Staff reporter
Privatization plans off rails
In November 2018, the Zimbabwean government set out a privatization plan to dispose completely and partially privatize over 23 state entities and parastatals (SEPs). According to the Auditor General R...Published: 07 May 2021 at 15:41hrs | 991 | by Victor Bhoroma
CSC in bid to recoup US$34m debt
COLD Storage Company (CSC) corporate rescue manager Vonani Majoko is planning to institute legal action against the parastatal's debtors to recoup an estimated US$34 million owed it by mostly Zanu-PF ...Published: 07 May 2021 at 06:35hrs | 397 | by Staff reporter
US$48m injection for Zimbabwe banks
THE European Investment Bank (EIB) will inject €40 million (US$48 million) into Zimbabwe banks for on-lending to the private sector, following an exceptional decision by the European Union (EU) memb...Published: 07 May 2021 at 06:31hrs | 470 | by Staff reporter
Govt identifies land for new Batoka City
THE GOVERNMENT has identified land where a new city will be built as part of the Batoka Gorge Hydro-Electric project outside Victoria Falls, Permanent Secretary in the Ministry of Energy and Power Dev...Published: 07 May 2021 at 06:27hrs | 571 | by Staff reporter
Court frees Zimra duo charged with criminal abuse of office
A Chiredzi regional court has acquitted two Zimra revenue officers in the sugar cane growing town who were facing criminal abuse of office charges due to a lack of incriminating evidence.Regio...Published: 06 May 2021 at 19:44hrs | 773 | by Staff reporter
Zimbabwe's energy import debt shoots to US$97m
ZESA's debt to Hidroelectrica de Cahora Bassa (HCB) rose to US$97 million last year, up from just over US$45 million in 2019, the Mozambican power supplier HCB says.Zimbabwe was the second lar...Published: 06 May 2021 at 05:46hrs | 668 | by Staff reporter
Schools not allowed to withhold exam results
Schools are forbidden from withholding examination results for students whose parents still owe fees and must instead take action against the parents to recover debts, Primary and Secondary Education ...Published: 06 May 2021 at 05:08hrs | 719 | by Staff reporter
Parly under pressure to pass PFM Bill
LOCAL civil society groups are lobbying Parliament to pass the Public Finance Management Bill which will force public and constitutional bodies to implement recommendations arising from Auditor-Genera...Published: 05 May 2021 at 07:17hrs | 328 | by Staff reporter
POSB privatisation gathers pace
STATE-OWNED financial services provider POSB's preparations for partial privatisation and subsequent listing on the Zimbabwe Stock Exchange have moved a gear up after a technical committee appointed b...Published: 04 May 2021 at 06:28hrs | 560 | by Staff reporter
Telecoms want more forex
Telecommunication companies are facing a shortage of foreign currency that has made it difficult for them to acquire equipment and upgrade their networks to improve service delivery. The perma...Published: 04 May 2021 at 06:18hrs | 187 | by Staff reporter
Zinwa sues Gwanda
THE Zimbabwe National Water Authority (Zinwa) has taken Gwanda Municipality to court for failing to pay a debt of nearly $140 million in unpaid water supplied to the town over a six-year period....Published: 03 May 2021 at 17:18hrs | 433 | by Staff reporter
Zinwa cuts off government departments over unpaid bills
THE Zimbabwe National Water Authority (Zinwa) has disconnected water supplies to several government departments, local authorities and growth points as it seeks to recover ZW$2.1 billion in unpaid bil...Published: 03 May 2021 at 07:31hrs | 679 | by Staff reporter
Ex-AirZim workers reject Zimdollar payouts
Former Air Zimbabwe workers have vowed to fight against the payment of their salary arrears in local currency at a rate of US$1: ZW$1, arguing that the move is unconstitutional.The 300 ex-work...Published: 02 May 2021 at 09:30hrs | 811 | by Staff reporter
Zacc ups anti-graft drive
THE Zimbabwe Anti-Corruption Commission (Zacc) has upped its anti-graft drive, embarking on a massive recruitment exercise aimed at strengthening its decentralisation strategy.Zacc seeks to re...Published: 01 May 2021 at 20:16hrs | 338 | by Staff reporter
CSOs demand release of 2019 Auditor-General report
PRESIDENT Emmerson Mnangagwa's government has been accused of deliberately delaying the release of the 2019 Auditor-General's report, which civil society organisations (CSOs) suspect could contain dam...Published: 28 Apr 2021 at 06:16hrs | 479 | by Staff reporter
Mutumwa Mawere hits hard times in South Africa?
Zimbabwean businessman Mutumwa Mawere has hit hard times with his R2 million luxury apartment in Sandton set to go under the hammer over his failure to service his bond with a local bank.Mawer...Published: 27 Apr 2021 at 12:04hrs | 6861 | by Staff reporter
Health hazard as council cuts water supplies at schools
PUPILS and teachers at a number of government schools in Bulawayo have been left exposed to communicable diseases after the city council cut water supplies due to failure by the State to settle a $12 ...Published: 26 Apr 2021 at 06:37hrs | 768 | by Staff reporter
BCC to intensify debt collection through service restriction
BULAWAYO City Council (BCC) has warned that it will soon cut water supplies and withdraw other services to residents in rates arrears.In a notice to residents, town clerk Christopher Dube yest...Published: 26 Apr 2021 at 06:34hrs | 454 | by Staff reporter
Put Zimbabwe first
For the second time this month, the Senate will be called upon to take an important stand on the future of Zimbabwe when it votes on proposed amendments to the constitution and it will be a tragedy if...Published: 25 Apr 2021 at 08:09hrs | 630 | by Staff reporter
MDC Alliance legislator launches scholarship programme
NJUBE-LOBENGULA MDC Alliance legislator Gift Banda on Thursday unveiled a scholarship programme for the academically gifted primary and secondary school students in his constituency who are from poor ...Published: 24 Apr 2021 at 07:13hrs | 1116 | by Staff reporter
SMM workers want administrator fired over US$43m salary arrears
SHABANIE and Mashava Mines Holdings (SMM) has accrued a debt of over US$43 million in salary arrears and unremitted pension contributions, it has emerged.This was revealed in an application re...Published: 24 Apr 2021 at 07:10hrs | 303 | by Staff reporter
SMM loses mining claims
SMM Holdings administrator Afaras Gwaradzimba allegedly sold land under the company's mining leases, with the land set to be converted into residential stands. SMM, formerly owned by businessm...Published: 23 Apr 2021 at 07:20hrs | 280 | by Staff reporter
Zela red-flags proposed constitutional amendments
THE Zimbabwe Environmental Law Association (Zela) has urged MPs to reject the recently gazetted Constitutional Amendment Bill No 2, saying the Bill seeks to strip them of the power to keep the Executi...Published: 21 Apr 2021 at 07:06hrs | 181 | by Staff reporter
$6m 'theft' haunts Mwonzora
MDC-T activist Patson Murimoga is lobbying party members to demonstrate against their leader Douglas Mwonzora on Thursday this week to compel him to account for over $6 million which he allegedly stol...Published: 20 Apr 2021 at 07:31hrs | 2935 | by Staff reporter
Businessman reports 'connected' Bulawayo High Court Judge to JSC
Businessman Ismail Moosa Lunat has reported Bulawayo High Court Judge Justice Martin Makonese to the Judicial Service Commission (JSC) alleging improper conduct after losing an appeal involving a US$1...Published: 19 Apr 2021 at 20:39hrs | 1760 | by Staff reporter
Excessive taxation driving fuel prices up
On the 5th of April, the Zimbabwe Energy Regulatory Authority (ZERA) announced new pump price ceilings for fuel on the local market. The maximum pump price for Diesel is now ZW$111.77 per litre, up fr...Published: 19 Apr 2021 at 09:09hrs | 1327 | by Victor Bhoroma
Unresolved economic issues for 2021
The Zimbabwean economy has experienced a period of relative stability since October 2020, even though multiple reforms have to be implemented to attain sustained economic growth. To a larger extent th...Published: 19 Apr 2021 at 09:05hrs | 643 | by Victor Bhoroma
Chiwenga taskforce takes over MDC-run councils
PRESIDENT Emmerson Mnangagwa has set up an inter-ministerial team led by Vice-President Constantino Chiwenga (pictured) to take over and speed up service delivery in all opposition-run councils....Published: 19 Apr 2021 at 06:25hrs | 2536 | by Staff reporter
Zimbabwe breaks law for US$50m Covid-19 vaccines loan
Zimbabwe has contracted yet another US$50 million loan from the Africa Export-Import Bank (Afreximbank) to finance its Covid-19 vaccination programme despite government claims it is using internal res...Published: 18 Apr 2021 at 09:15hrs | 963 | by Staff reporter
Things to know by a beginner when engaging in Agen bola
Online gambling is not a new concept for people around. But all those who haven't become part of it earlier feel like this is not there cup of tea. But this is not the truth at all because right now, ...Published: 18 Apr 2021 at 07:59hrs | 53 | by Staff Writer
Zanu-PF bigwigs' debts choke CSC
A Cold storage Company (CSC) debtors' list shows that Zanu-PF top officials renting the parastatal's farms owe hundreds of thousands of dollars to the ailing company, with revenue collections dropping...Published: 16 Apr 2021 at 08:03hrs | 652 | by Staff reporter
Raw deal for Air Zimbabwe creditors
HUNDREDS of Air Zimbabwe (AirZim) creditors, including over 300 ex-workers will be paid various debts accrued by the airline before it plunged into administration in Zimbabwe dollars at a rate of US$1...Published: 16 Apr 2021 at 07:57hrs | 534 | by Staff reporter
Payment delays affect power projects
THE developers of a US$4 billion hydropower plant on the Zambia-Zimbabwe border delayed the project until next year because of the coronavirus pandemic.Pre-construction work on the Batoka Gorg...Published: 16 Apr 2021 at 07:56hrs | 141 | by Staff reporter
John Deere expands firm's construction equipment portfolio to Zimbabwe
JOHN Deere is expanding its construction equipment line-up to 18 countries, including Zimbabwe, where Deere-branded construction products were previously not available.The company already supp...Published: 16 Apr 2021 at 07:54hrs | 360 | by Staff reporter
Residents fume as mayor relocates
BULAWAYO United Residents Association (Bura) has rapped the Bulawayo City Council (BCC) for allocating a double-storey mansion to mayor Solomon Mguni in North End suburb.Mguni, who currently r...Published: 14 Apr 2021 at 06:30hrs | 1310 | by Staff reporter
Covid-19 slows down Batoka Gorge project
THE developers of a US$4 billion hydropower plant on the Zambia-Zimbabwe border delayed the project until next year because of the coronavirus pandemic.Pre-construction work on the Batoka Gorg...Published: 13 Apr 2021 at 18:18hrs | 322 | by Staff reporter
'Schools can't afford COVID-19 test costs'
THE Zimbabwe Coalition on Debt and Development (Zimcodd) has urged government to craft a supplementary budget to cushion schools throughout the country to ensure that they effectively implement COVID-...Published: 13 Apr 2021 at 06:46hrs | 504 | by Staff reporter
Air Zimbabwe administrator lays out debt settlement plan
AIR Zimbabwe (AirZim) has sent out debt settlement agreement proposals to its multitudes of creditors, including over 300 former workers axed as the troubled airline slipped into turbulence in the pas...Published: 13 Apr 2021 at 06:40hrs | 380 | by Staff reporter
Zimbabwe hunts for Zisco investor again
THE Government is in a fresh hunt for strategic partner to resuscitate operations at the defunct State-owned Zimbabwe Iron and Steel Company (Zisco).Over the years, the Redcliff-based steel ma...Published: 12 Apr 2021 at 18:30hrs | 237 | by Staff reporter
Darikwa's Wigan boost survival hopes
WARRIORS Tendayi Darikwa's struggling league one side Wigan athletic were in inspired form yesterday after they clobbered 4 – 1 Doncaster Rovers away from home to boost their chances of survival as ...Published: 11 Apr 2021 at 06:51hrs | 288 | by Staff reporter
Bulawayo council seek powers to borrow $4 billion
BULAWAYO City Council is seeking authority from the Local Government ministry to borrow $4 billion arguing it has no capacity to fund its 2021 $10 billion capital budget to oil its operations....Published: 11 Apr 2021 at 06:49hrs | 301 | by Staff reporter
Parliament warns of aviation disaster in Zimbabwe
ZIMBABWE'S airports could cause an aviation disaster due to poor weather-detecting instruments, outdated radar, few emergency vehicles, inadequate fire-fighting capacity and deplorable runways....Published: 09 Apr 2021 at 23:34hrs | 950 | by Staff reporter
Zifa back Loga for World Cup matches
ZIFA board member, Bryton Malandule, says Croatian coach Zdravko Logarusic needs to be given more time in charge of the Warriors. The 55-year-old coach has come under intense criticism, ...Published: 09 Apr 2021 at 07:17hrs | 223 | by Staff reporter
Mnangagwa takes over, to repair 72 'high-impact' MDC council roads
The Zimbabwe government says it is taking over "high impact" urban roads from local authorities which will undergo major works after years of rain-damage and neglect.Local authorities and cent...Published: 08 Apr 2021 at 16:33hrs | 3034 | by Staff reporter
Case against paying compensation to white farmers for land appropriation
OUR Excellency, President ED Mnangagwa.We are living in a time when the vestiges of white hegemony and entitlement are, at long last, being challenged almost on a daily basis all over the worl...Published: 07 Apr 2021 at 07:05hrs | 668 | by Cedric Steele
Zimra beats revenue target
Government surpassed its revenue collections' target for the fourth quarter to December 2020 with five out of the 11 revenue heads performing above their quarterly targets while six heads performed be...Published: 07 Apr 2021 at 06:46hrs | 213 | by Staff reporter
Mawere reports SMM administrator to ZACC
Businessman Mutumwa Mawere has asked the Zimbabwe Anti-Corruption Commission (ZACC) to investigate how Shabanie Mashaba Mines (SMM), which is under state curatorship since 2004, has been collecting re...Published: 06 Apr 2021 at 11:41hrs | 2337 | by Staff reporter
40% rural folk relies on unsafe water: Report
The government has been urged to provide free water treatment methods to 40% of the rural communities that are still dependent on surface and unprotected sources.This was revealed in the Zimba...Published: 06 Apr 2021 at 07:07hrs | 141 | by Staff reporter
Were MDC human rights violated in 2008?
MDC was created by the CFU (Commercial Farmers Union), capitalists and the west, so that they take power from Zanu-PF, reverse land reform and indigenization; pull the Zimbabwe National Army out of Co...Published: 05 Apr 2021 at 18:23hrs | 565 | by Rutendo Bereza Matinyarare
Load More Stories
