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Zimbabwe compensates farmers over land invasions
The Zimbabwean government will this month pay an initial $20 million to foreign white and local Black farmers who lost land in farm invasions under former leader Robert Mugabe at the turn of the centu...Published: 2 hrs ago | 271 | by Staff reporter
'Africa still feeling effects of brutal colonial past'
President Emmerson Mnangagwa has emphasized that Africa continues to feel the effects of its brutal colonial history, a legacy that still hinders its progress today. In a speech read on his behalf by ...Published: 07 Oct 2024 at 07:57hrs | 96 | by Staff reporter
American activists called on U.S. authorities to stop supporting Ukraine and halt arms supplies
A meeting of the non-profit organization, "Ecological Union of Pacifists and Nonconformists," with journalists and public figures, was held in New York recently. The meeting took the form of a confere...Published: 06 Oct 2024 at 11:06hrs | 442 | by Staff Reporter
Mutumwa Mawere sentenced to 6 months in SA prison
Zimbabwean-born South African businessman Mutumwa Mawere has been sentenced to six months in prison for contempt of court, following a protracted legal battle involving Southern Asbestos Sales (Pty) L...Published: 05 Oct 2024 at 16:16hrs | 1721 | by Staff reporter
Zimbabwe's Mutapa Fund clinches US$350m power deal
The Mutapa Investment Fund (MIF) has approved a significant joint venture valued at US$350 million between Indian firm Jindal Africa Investments and Zesa to refurbish six units at Hwange Thermal Power...Published: 29 Sep 2024 at 14:25hrs | 3196 | by Staff reporter
Affordable apartment options in Dubai for Zimbabwean Investors
The Dubai real estate market offers a great chance for Zimbabwean investors looking for reasonably priced apartment choices since it continues to grow and thrive. The most recent figures from Bayut's ...Published: 28 Sep 2024 at 20:02hrs | 392 | by Staff Reporter
Tracing debtors can be a headache unless done by professionals
Tracing people who owe them money can be a headache for many organisations, including small enterprises. The money may never be recovered simply because the person owing the money becomes evasive and ...Published: 26 Sep 2024 at 11:24hrs | 200 | by Agencies
Treasury defaults on $6,4m BEAM debt, students risk missing out on exams
More than 532,000 students risk missing out on their final examinations this year after the government's Basic Education Assistance Module (BEAM) debt to the Zimbabwe School Examinations Council (ZIMS...Published: 20 Sep 2024 at 11:18hrs | 301 | by Staff reporter
Zimbabwe struggles to capitalize on EU trade opportunities
Zimbabwe has yet to fully exploit significant export opportunities within the European Union (EU) under a duty-free agreement, despite the EU's vast market, which boasts a US$19 trillion gross domesti...Published: 20 Sep 2024 at 09:37hrs | 289 | by Staff reporter
Witch hunting is a criminal offence
In Zimbabwe, it is a criminal offense to accuse someone of witchcraft, a law designed to prevent social unrest and violence stemming from such accusations. Individuals found guilty of making these cla...Published: 20 Sep 2024 at 08:19hrs | 761 | by Staff reporter
Mthuli Ncube slammed
The Zimbabwe Coalition on Debt and Development (ZIMCODD) has called on Finance Minister Mthuli Ncube to expand the upcoming 2025 National Budget Consultations to allow for more inclusive input from th...Published: 20 Sep 2024 at 08:05hrs | 573 | by Staff reporter
Mnangagwa's govt paying lip service to ZWG
In a critical assessment of Zimbabwe Gold (ZWG), industry experts predict that the future post-mortem will reveal the government's own policies as the primary culprit behind the currency's struggles. ...Published: 20 Sep 2024 at 08:02hrs | 458 | by Staff reporter
World Bank says Zimbabwe needs economic stability to advance debt talks
Zimbabwe needs an uninterrupted period of macroeconomic stability of at least 12 months to help advance debt talks with international creditors over $21 billion it owes, the World Bank said.Ha...Published: 17 Sep 2024 at 06:52hrs | 407 | by Staff reporter
Bulawayo schools to apply for loans
Bulawayo City Council has given the green light to a new policy allowing its schools to seek loans for developmental projects, provided they cover 60% of the project costs themselves. This decision ai...Published: 16 Sep 2024 at 08:14hrs | 240 | by Staff reporter
Gordhan gave tenders to his cronies, leaves a fractured legacy
ONCE praised as an "incorruptible" crusader in South Africa, Pravin Gordhan has left behind a legacy tarnished by mistakes, poor leadership, and growing corruption claims, giving rise to the question ...Published: 15 Sep 2024 at 12:35hrs | 1123 | by Sizwe Dlamini, Thabo Makwakwa, Manyane Manyane
Zimbabwe's ballooning US$21 billion debt spirals out of hand
Citizen Coalition for Change (CCC) Mbizo Member of Parliament (MP), Corban Madzivanyika, has raised alarm over Zimbabwe's escalating public debt, which has now surpassed US$21 billion. During a recent...Published: 15 Sep 2024 at 10:06hrs | 1741 | by Staff reporter
Can Zimbabwe ZiG-zag away from the USD?
ZIMBABWE'S economy has suffered immensely since 2008, when inflation exceeded a million percent.Since then, the government has made six attempts to adopt a local currency, with the latest comi...Published: 13 Sep 2024 at 16:04hrs | 2766 | by Nkosi Moyo
Mthuli Ncube must explain why some ministries exceeded their approved budgets
Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube has been urged to explain why some government ministries exceeded their approved budgets before mid-year. In a motion on t...Published: 12 Sep 2024 at 08:01hrs | 452 | by Staff reporter
Gweru unleashes debt collectors on defaulters
The Gweru City Council has announced that it will employ debt collectors to pursue ratepayers who have defaulted on their payments for more than two months. In a statement released on September 10, th...Published: 12 Sep 2024 at 07:15hrs | 118 | by Staff reporter
Molefe exposes Transnet's CEO
The role state capture has played in the current troubles facing Transnet was in dispute in Parliament on Tuesday as the state freight company's former CEO, now MK Party MP, Brian Molefe, challenged t...Published: 12 Sep 2024 at 06:58hrs | 307 | by Staff reporter
PPC Zimbabwe remits US$11,3m dividend to PPC SA
PPC Zimbabwe remitted R203 million (US$11.3 million) in dividends to its South African parent after a strong performance in the fiscal year ending March 31, 2024. The company's CEO, Matias Ca...Published: 11 Sep 2024 at 08:37hrs | 96 | by Staff reporter
Kwashi drags Caps United to FIFA over US$46,000
Former Caps United assistant coach Tostao Kwashi has taken legal action against the club, filing a claim with FIFA to recover unpaid salaries and bonuses totaling US$46,000. Kwashi, who served...Published: 08 Sep 2024 at 19:47hrs | 2105 | by Staff reporter
Zimbabwe needs $1.6bn to lift crop output after El Nino induced drought
ZIMBABWE needs $1.64 billion to bolster crop production after a devastating drought increased food insecurity and prompted a state of disaster.The southern African nation is targeting a more t...Published: 08 Sep 2024 at 09:46hrs | 61 | by Staff reporter
Fuel price decrease brings welcome relief to SA consumers
Consumers in South Africa will be able to stretch their rands a little further this month after the fuel price decreases were announced this past week.The Department of Mineral Resources and E...Published: 08 Sep 2024 at 09:39hrs | 101 | by Staff reporter
Ramaphosa's GNU partner suggests scrapping BEE
The Freedom Front Plus has urged the removal of Black Economic Empowerment (BEE) and Affirmative Action (AA) policies, arguing that they are detrimental and obstruct economic growth.The party ...Published: 07 Sep 2024 at 12:46hrs | 922 | by Staff reporter
The day Sadc failed
THREE weeks ago, the regional bloc,Southern African Development Community (Sadc), hosted the 44th summit in Harare.The summit saw Zimbabwe becoming the chair of the region for the next...Published: 07 Sep 2024 at 10:12hrs | 220 | by Paidamoyo Muzulu
Zimbabwe industries buckle under prohibitive power tariffs
Zimbabwe's industries have been severely affected by a sharp power tariff hike implemented in November, leading to a 15% rise in costs for mines and disrupting various sectors. The 44% tariff ...Published: 06 Sep 2024 at 14:45hrs | 114 | by Staff reporter
South Africa GDP growth is an 'illusion' benefiting the few
The Economic Freedom Fighters (EFF) have dismissed the recent GDP growth figures released by Statistics South Africa (Stats SA) as "misleading", accusing the government and financial institutions of c...Published: 05 Sep 2024 at 09:17hrs | 184 | by Staff reporter
Zimbabwe economy needs robust tax system
The Zimbabwe Revenue Authority (ZIMRA) is pushing for a modernized tax system to address the complexities of Zimbabwe's economy, particularly the predominantly cash-based informal sector. ...Published: 05 Sep 2024 at 07:07hrs | 131 | by Staff reporter
Ex-Zimbabwe Information Minister's trial commences
The trial of former Information Minister Bright Matonga, accused of stealing farm implements, began today at the Chegutu Magistrates' Court. Matonga appeared before Magistrate Ms. Evelyn Mashawakure a...Published: 04 Sep 2024 at 15:21hrs | 3966 | by Staff reporter
RBZ makes U-turn
The Reserve Bank of Zimbabwe (RBZ) has announced that holders of non-negotiable certificates of deposit (NNCDs) will now receive tradable government bonds. This decision comes in response to pressure ...Published: 03 Sep 2024 at 15:45hrs | 27480 | by Staff reporter
Zesa introduces prepaid meters for industries
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) is introducing prepaid meters for medium and large-scale customers, including those in the manufacturing sector, to address its s...Published: 02 Sep 2024 at 11:26hrs | 415 | by Staff reporter
Revolt at MTN over CEO's 'female favourite'
An ugly battle is brewing at MTN over the direction Africa's biggest mobile network operator is taking under group CEO Ralph Mupita, with executives threatening to quit en masse over his leadership st...Published: 01 Sep 2024 at 11:58hrs | 4543 | by Staff reporter
Mnangagwa rapped over wife's 'unnecessary' airport lounge
The recently commissioned State Pavilion at Robert Mugabe Airport, funded by a US$153 million loan from China, has faced intense criticism. Despite the pavilion's lavish design, including a l...Published: 28 Aug 2024 at 10:53hrs | 1988 | by Staff reporter
Local Bank proposes US$35bn loan to Zimbabwe Government
Time Bank of Zimbabwe has proposed a US$35 billion syndicated loan to the government to address compensation obligations for various groups, including previous farm owners and foreign lenders, as part...Published: 27 Aug 2024 at 12:42hrs | 3103 | by Staff reporter
Woman takes tortoise on debt recovery trip in Zimbabwe
A Harare woman, Sithembiso Budzirikawa (58), appeared in court after she allegedly used a live tortoise, covered in red floor polish and tied with a red cloth, to intimidate her former employer into p...Published: 23 Aug 2024 at 06:28hrs | 445 | by Staff reporter
Zimbabwe govt terminates CSC deal
The Zimbabwean government has terminated a US$130 million joint venture (JV) agreement with British investor Boustead Beef, which was intended to revive the Cold Storage Company (CSC). This decision c...Published: 16 Aug 2024 at 13:27hrs | 1854 | by Staff reporter
Tomana loses Supreme Court US$114,000 debt appeal
The late Zimbabwean ambassador Johannes Tomana lost his Supreme Court appeal against Tian Ze Tobacco Company over a debt of US$114,749.80 for farming inputs. Tomana had contested a High Court judgment...Published: 16 Aug 2024 at 08:42hrs | 680 | by Staff reporter
Paul Siwela's letter to President Mnangagwa - Buying chiefs not just nor sustainable to resolve Matabele grievances
The President of Zimbabwe Munhumutapa Building Harare Zimbabwe 28th July 2024 Ref: PresZim/07/28/24 Attention: Emmerson D. Mnangagwa Dear Mr Presi...Published: 16 Aug 2024 at 07:15hrs | 1364 | by Paul Siwela
Hichilema: Absolute power corrupts absolutely
I could not believe what I was hearing. I tried to reassure myself that I was only dreaming. For the third time, I played the video and listened gravely. Again, the words fell like stones into the roo...Published: 15 Aug 2024 at 11:38hrs | 1022 | by Dr. Field Ruwe
Zimra mulls severe penalty on tax debts
The Zimbabwe Revenue Authority (Zimra) is considering imposing severe tax penalties to compel public and private entities to settle substantial outstanding tax debts. These debts primarily stem from c...Published: 14 Aug 2024 at 08:31hrs | 172 | by Staff reporter
Awareness of responsible gambling in Zimbabwe's community
A gambling boom hit the African market in recent years, and Zimbabw...Published: 12 Aug 2024 at 20:00hrs | 221 | by Staff Reporter
Prophet Magaya's Yadah FC hit by FIFA transfer ban
YADAH Stars has been slapped with a transfer ban by FIFA due to its failure to settle an $82,000 debt owed to three Brazilian players. The club breached its contract by terminating the players' agreem...Published: 09 Aug 2024 at 10:05hrs | 498 | by Staff reportrer
Man stabs ex-lover over US$40
A 49-year-old man from Kariba was sentenced to 30 months in prison for attempting to murder his ex-lover over a US$40 debt.According to the National Prosecuting Authority of Zimbabwe (NPAZ), t...Published: 04 Aug 2024 at 15:26hrs | 501 | by Staff reporter
Revenue shortfall hits Bulawayo City Council
The Bulawayo City Council has reported a troubling 58 percent debt collection efficiency for the second quarter of the year. The municipality billed approximately ZiG145.3 million but only collected Z...Published: 04 Aug 2024 at 14:06hrs | 96 | by Staff reporter
ZiG uncertainties to frustrate GDP forecasts
Zimbabwe's economic growth prospects are facing serious challenges due to liquidity shortages and a severe drought, according to leading advisory firms and economists. In a recent mid-term bud...Published: 03 Aug 2024 at 12:57hrs | 194 | by Staff reporter
Zimbabwe ranked 30th in budget survey
Zimbabwe's global position on the Open Budget Survey (OBS) has improved, with the country now ranked 30th out of 125 countries. The OBS, conducted by the International Budget Partnership (IBP), measur...Published: 03 Aug 2024 at 12:55hrs | 126 | by Staff reporter
Zimra faces significant debt
The Zimbabwe Revenue Authority (Zimra) faces a significant debt of US$421.4 million and ZiG854.72 million from both private companies and public institutions by the end of the first half of 2024. The ...Published: 02 Aug 2024 at 07:04hrs | 218 | by Staff reporter
Uber's 3-year vehicle age limit requirement in SA kicks in
E-hailing driver Johnny Masanhloane says Uber's three-year vehicle age limit is the most "selfish decision" by the e-hailing company "which is losing clients" in South Africa. He said the deci...Published: 30 Jul 2024 at 11:16hrs | 3067 | by Staff reporter
Air Zimbabwe resumes Harare-Joburg flights
Air Zimbabwe resumed flights between Harare and Johannesburg yesterday. Flights will operate every Monday, Wednesday, Friday, and Sunday between Harare's Robert Gabriel Mugabe International Airport an...Published: 30 Jul 2024 at 07:24hrs | 668 | by Staff reporter
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