Search / Debt
Tanganda wins US$47,000 tea dispute
Tanganda Tea Company has won a long-running legal battle at the High Court of Zimbabwe against trader Darlington Matsitukwa, over an unpaid foreign currency debt for tea products sold for resale in Ma...Published: 2 hrs ago | 46 | by Staff reporter
OK Zimbabwe targets US$30 million capital raise to revive operations
OK Zimbabwe Limited, the country's largest retail chain, says it is in advanced discussions to raise US$30 million in fresh capital as part of a strategic plan to revive its operations, clear debts, a...Published: 07 May 2025 at 09:22hrs | 304 | by Staff reporter
Monomotapa Hotel to be offloaded for US$15 million
African Sun Limited (ASL), Zimbabwe's leading hospitality group, has announced June 30, 2025, as the target date for concluding the sale of the iconic Monomotapa Hotel, which is estimated to be worth ...Published: 05 May 2025 at 15:48hrs | 317 | by Staff reporter
Chamisa slams Mnangagwa's borehole projects
Former Citizens Coalition for Change (CCC) leader Nelson Chamisa has launched a blistering critique of President Emmerson Mnangagwa's Presidential Borehole Scheme, accusing the government of failing t...Published: 01 May 2025 at 12:18hrs | 952 | by Staff reporter
Chinese duo acquitted in attempted murder storm
Two Chinese nationals, Hui Xiang and Zhao Yunfeng, who were accused of attempted murder, walked free yesterday after the Harare Magistrates' Court acquitted them at the close of the State case....Published: 29 Apr 2025 at 07:06hrs | 193 | by Staff reporter
VFEX sees massive jump in Q1 turnover
The Victoria Falls Stock Exchange (VFEX) recorded a significant jump in trading activity during the first quarter of 2025, with market turnover reaching US$58.5 million — a 383 percent increase from...Published: 28 Apr 2025 at 12:09hrs | 19 | by Staff reporter
NTA, best solution for Zimbabwe! Geza group is saying Chunhu Chedu!
Master of Philosophies say the same thing: without the backing of intelligenzia, there can never be remarkable national development. A Geza revolution is not backed by intelligenzia but by pastors, Iz...Published: 28 Apr 2025 at 09:01hrs | 692 | by Nomazulu Thata
China reaffirms commitment to Zimbabwe's industrialisation agenda
Chinese ambassador Zhou Ding has reiterated his country's strong commitment to supporting Zimbabwe's industrialisation and sustainable development agenda, as economic ties between the two nations cont...Published: 25 Apr 2025 at 07:27hrs | 25 | by Staff reporter
AfDB says Zimbabwe seeks $2.6bn in bridge finance to overhaul debt
The African Development Bank said Zimbabwe has proposed seeking $2.6 billion in bridge finance to help it clear arrears owed to international financial institutions as it attempts to break a debt impa...Published: 24 Apr 2025 at 21:18hrs | 128 | by Staff reporter
White and black farmers still bear the scars of Zimbabwe's land grabs
Guy Watson-Smith felt hurt and betrayed when his 5,000-hectare (12,355-acre) farm in Beatrice, in Zimbabwe's Mashonaland East province, was violently invaded by three armed men in the early 2000s....Published: 24 Apr 2025 at 07:49hrs | 795 | by Farai Matiashe, Al Jazeera
Mnangagwa under fire
President Emmerson Mnangagwa and his government have come under intense pressure from Zimbabwe's civic society organisations (CSOs) to repeal the recently signed Private Voluntary Organisations (PVO) ...Published: 24 Apr 2025 at 07:30hrs | 6875 | by Staff reporter
IMF, World Bank urged to back Zimbabwe economic recovery efforts
Former Mozambican President Dr Joaquim Chissano and African Development Bank (AfDB) President Dr Akinwumi Adesina have called on the International Monetary Fund (IMF) and the World Bank to support Zim...Published: 23 Apr 2025 at 08:29hrs | 114 | by Staff reporter
Fresh US$100m gold scandal rocks treasury as top Zanu-PF ally implicated
A major financial scandal has erupted at Zimbabwe's Finance Ministry, exposing what appears to be a fraudulent US$100 million payout to a shadowy company linked to a top Zanu-PF gold dealer, Pedzisayi...Published: 22 Apr 2025 at 08:29hrs | 6482 | by Staff reporter
CIO ordered to pay employee US$132,000
A High Court judge has ordered the director-general of the Central Intelligence Organisation (CIO) to pay an employee, Tryness Kabiti, US$132,152 after her salary was unjustly reduced, marking a signi...Published: 22 Apr 2025 at 08:17hrs | 2356 | by Staff reporter
George Guvamatanga gave company 'illegal' bank guarantee on $20 million loan
Treasury secretary George Guvamatanga has been accused of providing an "illegal and unconstitutional" bank guarantee for a US$20 million loan to a seed company linked to command agriculture corruption...Published: 17 Apr 2025 at 20:32hrs | 6595 | by Staff reporter
Farmers' group rejects compensation deal for past land seizures
A group representing many of the white farmers whose land was seized during Zimbabwe's land reforms over two decades ago has rejected a compensation deal and said it wants to reopen negotiations with ...Published: 17 Apr 2025 at 09:50hrs | 1141 | by Staff reporter
Zimbabwe's crisis will not be solved by another election
For over four decades since our hard-won independence, Zimbabwe has been trapped in cycles of political contestation, economic decline, and social fragmentation.As someone who has lived throug...Published: 13 Apr 2025 at 15:04hrs | 1304 | by Ibbo Mandaza
EU withdraws funding after Zimbabwe signs PVO Bill into law
President Emmerson Mnangagwa's decision to sign the controversial Private Voluntary Organisations (PVO) Amendment Bill into law has sparked widespread condemnation, most notably from the European Unio...Published: 13 Apr 2025 at 09:48hrs | 1755 | by Staff reporter
Zimbabwe issues dollar bonds to pay ex-farmers for land grabs
Zimbabwe issued treasury bonds worth $308 million and made small cash payments to White farmers who were dispossessed of their property 25 years ago under a state-backed land reform program.Th...Published: 12 Apr 2025 at 09:16hrs | 122 | by Staff reporter
Zimbabwe white former farmers start receiving compensation
The Government of Zimbabwe has begun compensating white former commercial farmers whose land was repossessed during the Land Reform Programme, marking a pivotal step in the country's efforts to resolv...Published: 10 Apr 2025 at 09:01hrs | 74 | by Staff reporter
Is Mnangagwa's tariff capitulation a dangerous gamble to appease Trump at Zimbabwe's economic expense?
Has Zimbabwe's backbone finally cracked? President Emmerson Mnangagwa's latest decision to suspend all tariffs on United States goods, announced in response to new U.S. tariffs on Zimbabwean e...Published: 06 Apr 2025 at 21:43hrs | 1043 | by Tendai Ruben Mbofana
US dollar suffocates the ZiG
A liquidity crunch in Zimbabwe is deepening the economy's embrace of the US dollar and undermining the bullion-backed currency introduced by the government almost a year ago.The ZiG, short for...Published: 06 Apr 2025 at 11:38hrs | 3602 | by Staff reporter
Bulawayo council staff caught in illegal forex deals
Bulawayo City Council (BCC) has revealed that several of its employees have been implicated in illegal foreign currency exchange dealings, further fueling public frustration over poor service delivery...Published: 05 Apr 2025 at 13:20hrs | 1340 | by Staff reporter
Choppies exits Zimbabwe with US$1 million loss
Botswana-based retail giant Choppies Enterprises Limited has confirmed it incurred a loss of P14 million (approximately US$1.02 million) following the disposal of its Zimbabwean operations in December...Published: 04 Apr 2025 at 13:39hrs | 1104 | by Staff reportetr
Zimra's digital transformation boosts taxpayer engagement and compliance
The Zimbabwe Revenue Authority (Zimra)'s digital transformation is revolutionizing the country's tax landscape, with new registrations on the recently introduced Tax and Revenue Management System (TaR...Published: 03 Apr 2025 at 08:08hrs | 74 | by Staff reported
Zimra targets US$7.155 billion in 2025 revenue collection drive
The Zimbabwe Revenue Authority (ZIMRA) has set an ambitious target to collect US$7.155 billion in tax revenue for 2025, reflecting a 17 percent increase from the 2024 target.ZIMRA, the governm...Published: 03 Apr 2025 at 08:05hrs | 81 | by Staff reported
Zimbabwe need an urgent reset of parenthood and economic models
We are failing at the family level. When I was growing up, my mom always told me that if I ate vegetables, got good grades, stayed out of trouble, eat what we grew and be obedient to her, even...Published: 01 Apr 2025 at 17:09hrs | 231 | by Brian Sedze
Suspect bites police officer's leg
There was drama in Dingumuzi township Plumtree where a man who resisted arrest after destroying a friend's property ended up biting a cop's leg.The 42-year-old Khangelani Khumalo was dragged t...Published: 27 Mar 2025 at 09:39hrs | 837 | by Simbarashe Sithole
Zimbabwe lines up seven sponsors to clear arrears
Zimbabwe is actively negotiating with seven potential sponsors, including individual countries, multilateral financial institutions, and private financiers, to secure the necessary funding, guarantees...Published: 23 Mar 2025 at 08:13hrs | 996 | by Staff reporter
OK Zimbabwe reverses Bulawayo branch closure decision
Retail giant OK Zimbabwe is set to reopen its Entumbane branch, which was closed earlier this year, with a new business model that converts the outlet into a wholesale facility with lower operating co...Published: 21 Mar 2025 at 09:14hrs | 403 | by Staff reporter
Joining the George Ayittey Society is a step towards fighting for real change in Zimbabwe
My recent acceptance into the George Ayittey Society is an honour that fills me with immense humility and gratitude. To be part of a distinguished group of scholars, intellectuals, and researc...Published: 20 Mar 2025 at 17:12hrs | 283 | by Tendai Ruben Mbofana
Zimasco placed under corporate rescue
Zimasco, one of Zimbabwe's largest ferrochrome producers, has been placed under corporate rescue following court filings by controversial businessman Shepherd Tundiya, who claims the company owes cred...Published: 17 Mar 2025 at 11:00hrs | 859 | by Staff reporter
CIO threatens Tsvangirai's ex-spokesperson over critical column
United Kingdom-based Zimbabwean journalist and former spokesperson for the late ex-Prime Minister Morgan Tsvangirai, Luke Tamborinyoka, has revealed threats against him by suspected Central Intelligen...Published: 17 Mar 2025 at 09:27hrs | 1909 | by Staff reporter
Zapu bemoans Zimbabwe's ailing health sector
The recent death of uGogo Rose Nyathi, "a Bulawayo celebrity, human rights activist, and informal comedian", who was laid to rest at Lady Stanley Cemetery highlighted some of the anomalies in our heal...Published: 16 Mar 2025 at 13:06hrs | 416 | by Dr Themba Bulle, ZAPU Deputy Secretary for Health and Welfare
Brito still loves Bosso despite Fifa scandal
Although his marriage with Highlanders FC ended on a sour note, spilling into FIFA corridors over a $26,500 debt, Brazilian coach Baltemar Brito has made it clear that his love for the Bulawayo giants...Published: 15 Mar 2025 at 10:28hrs | 255 | by Staff reporter
Bosso sweat over injuries
Highlanders are facing an injury crisis ahead of their crucial Castle Lager Premier Soccer League match against Green Fuel in Chisumbanje. Coach Kelvin Kaindu is hoping that some of his key players, c...Published: 14 Mar 2025 at 06:50hrs | 123 | by Staff reporter
Critical evaluation of the South Africa's 2025 Budget effect on the property market
The 2025 Budget presents a multifaceted impact on South Africa's property market, balancing fiscal stability, infrastructure development, and housing affordability with rising taxation, debt-servicing...Published: 14 Mar 2025 at 06:43hrs | 77 | by Dr Bekithemba Mpofu
MRP Appeals to CICC Over Zanu PF's Crimes Against Humanity in Matabeleland
MTHWAKAZI Republic Party (MRP) Leader Mqondisi Moyo has intensified his party's efforts by engaging the Coalition for the International Criminal Court (CICC) to intervene in what he describes as the Z...Published: 13 Mar 2025 at 16:22hrs | 655 | by Stephen Jakes
Prophet Magaya defies court order, GetBucks seeks police intervention
Prophet Walter Magaya, the founder of the Prophetic Healing and Deliverance (PHD) Ministries, is facing allegations of defying a court order to settle a US$420,140.72 debt owed to GetBucks Microfinanc...Published: 13 Mar 2025 at 16:12hrs | 1482 | by Staff reporter
Fifa lifts Bosso ban
Highlanders Football Club has been given the green light to sign new players after FIFA lifted the transfer ban that had been imposed due to outstanding debts owed to former coaches Baltemar Brito and...Published: 12 Mar 2025 at 07:39hrs | 323 | by Staff reporter
Shun Sidemarketing, tobacco farmers warned
Contracted tobacco farmers have been warned to shun side marketing by senior agronomist Lazarus Gatawa while urging them to fulfill their contractual obligations and deliver all their crops to the mer...Published: 10 Mar 2025 at 12:16hrs | 169 | by Simbarashe Sithole
Emmerson Mnangagwa and the 26 criminals around him
In November 2017, former President Robert Mugabe was removed from office and his crime, according to the putschists who ousted him in a coup, was that he had allowed himself to be surrounded by crimin...Published: 08 Mar 2025 at 15:51hrs | 1691 | by Luke Tamborinyoka
Bosso new signings revealed
Highlanders FC is set to significantly bolster their squad with several promising signings once the Fifa transfer ban, imposed due to unpaid debts to former coaches Baltemar Brito and Antonio Joao Tor...Published: 07 Mar 2025 at 10:43hrs | 481 | by Staff reporter
Chiefs, villagers disown Tungwarara
Several Chiefs, village headmen and villagers in some parts of Buhera have disowned President Emmerson Mnangagwa's advisor, Paul Tempter Tungwarara, describing him as both a bad debtor whose hands are...Published: 04 Mar 2025 at 14:58hrs | 5378 | by Gideon Madzikatidze/Simbarashe Sithole recently in Sostein, Buhera
Zimbabwe could clear arrears with bold reforms
Zimbabwe could clear its arrears and rework $21 billion in debt that's kept it locked out of international capital markets for more than a quarter of a century if it implements fiscal reforms, the Wor...Published: 27 Feb 2025 at 11:05hrs | 356 | by Staff reporter
Bosso secure US$300 000 deal
Highlanders Football Club received a much-needed financial boost yesterday when King's Bullion unveiled a renewable US$300,000 sponsorship package for the year, effectively averting a looming crisis....Published: 27 Feb 2025 at 09:12hrs | 425 | by Staff reporter
Tungwarara fails to impress ex-combatants, event flops
President Emmerson Mnangagwa's advisor, Paul Tempter Tungwarara has suffered another embarrassment after failing to lure more war veterans in Harare this Tuesday, with his teams distributing regalia a...Published: 25 Feb 2025 at 20:38hrs | 2020 | by Gideon Madzikatidze/Simbarashe Sithole
If the liberation struggle was for all Zimbabweans, then war veterans should refuse to be bribed
The love of money is the root of all evil, it is said. Over the past month, Zimbabwe's government has rolled out a series of "empowerment schemes" tailored for veterans of the liberation strug...Published: 24 Feb 2025 at 14:55hrs | 454 | by Tendai Ruben Mbofana
Exam fees scandal rock Hwange school
A number of learners in Hwange District may be unable to take their Grade Seven examinations due to some primary schools demanding fees more than double the amount specified by the Zimbabwe Schools Ex...Published: 23 Feb 2025 at 09:46hrs | 165 | by Staff reporter
NSSA chairman embroiled in underhand Rainbow Tourism Group takeover bid
NATIONAL Social Security Authority (Nssa) chairman Emmanuel Fundira, who is former chairman of African Sun Limited, and an ex-Rainbow Tourism Group (RTG) senior executive Paula January are accused of ...Published: 18 Feb 2025 at 20:01hrs | 1526 | by NewsHawks
Load More Stories
