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Zimbabwe govt under fire over TBs mismanagement
The Zimbabwean government is facing renewed criticism over its handling of Treasury Bills (TBs), amid allegations of corruption, regulatory manipulation, and financial mismanagement that have raised a...Published: 20 hrs ago | 388 | by Staff reporter
OK Zimbabwe earmarks 50% of capital raise to clear debts
Retail giant OK Zimbabwe Limited has announced plans to allocate more than half of the proceeds from its planned US$30.5 million capital raise - through a rights issue and property disposals - toward ...Published: 30 Jun 2025 at 13:12hrs | 173 | by Staff reporter
Auditor General flags deep financial mismanagement at CAAZ
The Auditor General has raised serious concerns over financial mismanagement and poor governance at the Civil Aviation Authority of Zimbabwe (CAAZ), warning that the parastatal is burdened by legacy d...Published: 22 Jun 2025 at 09:05hrs | 114 | by Staff reporter
Zimbabwe asks South Africa to back G-20 debt overhaul
Zimbabwe has asked South Africa to help garner support for its debt to be revamped under the Group of 20's Common Framework, a step that could restore its access to international capital markets for t...Published: 19 Jun 2025 at 07:17hrs | 220 | by Staff reporter
Zifa fails to pay Young Mighty Warriors after tournaments
The plight of Zimbabwe's women's footballers continues to mirror a tragic cycle of neglect, broken promises, and unfulfilled dreams. Despite bold pledges of reform and support, the Zimbabwe Football A...Published: 07 Jun 2025 at 10:35hrs | 75 | by Staff reporter
IPPs unveil 16 000MW power project in Zimbabwe
Private players are spearheading over 16,000 megawatts (MW) worth of power generation projects across Zimbabwe to help ease the country's worsening electricity shortage, Intensive Energy Users Group (...Published: 06 Jun 2025 at 12:06hrs | 181 | by Staff reporter
10 rich countries non-committal on Zimbabwe's $2.6b bridge financing appeal
Zimbabwe is yet to secure any firm pledges of financial support from the 10 countries it appealed to in its ongoing bid to settle long-standing debt arrears.The southern African nation is burd...Published: 02 Jun 2025 at 12:47hrs | 887 | by Staff reporter
Air Zimbabwe to sell 2 Boeing passenger planes
Air Zimbabwe has announced plans to sell two Boeing 777-200ER passenger aircraft it acquired from Malaysia a few years ago, as the national carrier continues to battle longstanding financial difficult...Published: 01 Jun 2025 at 15:05hrs | 654 | by Staff reporter
Trabablas immortalised?
Yesterday, President Emmerson Mnangagwa officially inaugurated the Trabablas Interchange, a flagship US$88 million infrastructure project designed to transform north-south traffic flow in Harare by re...Published: 31 May 2025 at 14:05hrs | 1861 | by Staff reporter
Dembare splashed US$126,000 on Sangomas without paying players
Zimbabwean football giants Dynamos have been slapped with a FIFA-imposed transfer ban after failing to pay outstanding dues to two Ghanaian players — despite reportedly spending a staggering US$126,...Published: 31 May 2025 at 13:47hrs | 281 | 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: 30 May 2025 at 12:16hrs | 483 | by Staff reporter
Gweru launches revenue collection blitz, rejects payment plans
Gweru City Council has launched a revenue collection blitz that started on Monday and will run until May 23, 2025, with a firm stance against accepting payment plans during this period. The operation ...Published: 26 May 2025 at 08:00hrs | 53 | by Staff reporter
Seed firms crippled by Zimbabwe govt debt
Zimbabwe's seed industry is teetering on the edge of collapse as the government grapples with ballooning debt, having failed to pay seed suppliers nearly US$270 million over the past three farming sea...Published: 22 May 2025 at 11:36hrs | 224 | by Staff reporter
Redcliff begins stands repossession
The Municipality of Redcliff has begun issuing letters to residents who have defaulted on payments for their allocated stands, signaling the start of a major repossession initiative aimed at recoverin...Published: 21 May 2025 at 19:49hrs | 222 | by Staff reporter
Zimbabwe ups wheat production momentum
As early morning mists lift over Zimbabwe's farming belts, tractors roar to life and irrigation pivots sweep across golden fields, signaling the start of the 2025 winter wheat season. The Government b...Published: 17 May 2025 at 12:06hrs | 70 | by Staff reporter
Zimbabwe govt owes Zisco pensioners US$38 million
The Ministry of Finance, Economic Development and Investment Promotion is reportedly in arrears of US$38.7 million owed to former ZiscoSteel workers, according to a damning report by Parliament's Port...Published: 15 May 2025 at 09:17hrs | 206 | by Staff reporter
Fresh capital discussions delay Beta Bricks restart
The long-awaited reopening of BETA Bricks has been delayed due to unresolved negotiations with three potential investors who were expected to inject capital into the company. Initially scheduled for t...Published: 13 May 2025 at 10:07hrs | 166 | 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 | 332 | 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 | 1004 | 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 | 208 | 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 | 6514 | 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 | 125 | 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 | 1341 | by Staff reporter
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 | 83 | by Staff reported
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 | 999 | by Staff reporter
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 | 864 | 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 | 327 | by Staff reporter
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 | 486 | 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 | 429 | 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 | 2030 | by Gideon Madzikatidze/Simbarashe Sithole
Zesa owes US$350m for Kariba South renovations
Zimbabwe's power utility, Zesa Holdings (Zesa), is grappling with a staggering US$350 million debt for renovations at the Kariba South Power Station, as its foreign currency obligations continue to hi...Published: 13 Feb 2025 at 13:55hrs | 190 | by Staff reporter
Sir Wicknell Chivayo clears Highlanders' US$27,000 debt
Prominent businessman Wicknell Chivayo has delivered on his promise to settle Highlanders Football Club's US$27,000 debt owed to former head coach Baltemar Brito and his assistant Antonio Joao Torres....Published: 12 Feb 2025 at 16:43hrs | 2057 | by Staff reporter
South Africa hikes toll fees
The South African National Roads Agency (Sanral) has announced an increase in toll tariffs across the country's major routes, effective from 1 March 2025. The toll fees will rise by 4.84%, marking a s...Published: 11 Feb 2025 at 12:27hrs | 865 | by Staff reporter
Geza embroiled in fraud and intimidation scandal
Controversial war veteran, Blessed Geza, finds himself at the center of a fraud, perjury, and corruption scandal after failing to pay US$1,250,000 for a piece of land in Harare. Geza, who is embroiled...Published: 11 Feb 2025 at 06:41hrs | 1781 | by Staff reporter
Bosso hit with FIFA transfer ban
Bulawayo giants Highlanders Football Club have become the latest Premier Soccer League side to face FIFA sanctions, as the club has been slapped with a transfer ban for failing to settle outstanding s...Published: 09 Feb 2025 at 11:25hrs | 152 | by Staff reporter
US$4.5 million mysteriously disappeared from Harare City Council
More than US$4.5 million has inexplicably vanished from the Harare City Council (HCC) through its subsidiary, Harare Quarry, sparking an investigation into rampant corruption within the local authorit...Published: 06 Feb 2025 at 16:04hrs | 370 | by Staff reporter
Zimbabwe's retail sector crisis worsens as shops continue closing
Zimbabwe's retail sector is facing an unprecedented crisis, with several major retailers and wholesalers forced to close branches amid a series of economic challenges. This Thursday, President Emmerso...Published: 01 Feb 2025 at 08:57hrs | 2051 | by Staff reporter
Woman awarded US$32,500 in landmark divorce settlement
A Harare woman, Letwin Kadiyo, has been awarded US$32,500 as a divorce settlement from her husband of 10 years, Kudakwashe Naison, in a court ruling that recognised both financial contributions ...Published: 29 Jan 2025 at 08:41hrs | 286 | by Staff reporter
ZANU-PF feverish defence of Chinese looting proves Zimbabwe now a colony!
A few days ago, renowned economist and former member of the Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee, Eddie Cross, made some interesting revelations. He claimed that there are ...Published: 09 Jan 2025 at 16:20hrs | 1342 | by Tendai Ruben Mbofana
Family caught in mysterious haunting and family feud
A Chipinge family is facing a series of disturbing and unexplained events they believe are linked to the ghosts of two deceased traditional healers. According to the family, these healers' services we...Published: 21 Dec 2024 at 09:04hrs | 960 | by Staff reporter
AMH Workers in salary arrears quandary
Alpha Media Holdings (AMH) workers are grappling with stress over unpaid salary components, particularly the United States dollar portion, which has remained outstanding for five months and is not ref...Published: 17 Dec 2024 at 11:17hrs | 1396 | by Staff Reporter
Bulawayo City Council cuts water supplies to schools
The Bulawayo City Council (BCC) has intensified its debt recovery efforts, cutting off water supplies to 59 schools in a bid to recover outstanding payments. This bold move comes as the local authorit...Published: 15 Dec 2024 at 09:14hrs | 492 | by Staff reporter
Go Beer Breweries nears revival
Gweru residents are anticipating a brighter festive season with the imminent revival of Go Beer Breweries, which has been dormant for nearly a decade. The Gweru City Council has committed US$2.3 milli...Published: 13 Dec 2024 at 09:29hrs | 192 | by Staff reporter
'Loan shark' seizes vehicle over US$60 debt
Isaac Matinyarare, an alleged illegal money lender from Chiredzi, is accused of forcibly confiscating a silver Nissan Sulphy Bluebird from Phillip Mafuta over a disputed US$60 debt. Mafuta told The Mi...Published: 06 Dec 2024 at 13:07hrs | 320 | by Staff reporter
Zimbabwe's education sector saddled with billions in debt
The Ministry of Primary and Secondary Education in Zimbabwe is grappling with significant financial challenges, with debts running into billions of Zimbabwe Gold (ZiG) currency, revealing the deepenin...Published: 06 Dec 2024 at 06:39hrs | 293 | by Staff reporter
Woman loses bid to block sale of trust property
A Harare woman, Ms. Tariro Lebogang Mutenda, has lost her legal battle to prevent businessman Mr. Upenyu Mashangwa from selling a Borrowdale Brooke property to settle a debt of over US$1.6 million....Published: 06 Dec 2024 at 06:26hrs | 478 | by Staff reporter
'Banks refuse to make salary payments on behalf of Zimbabwe govt'
A dramatic financial crisis has hit Zimbabwe's civil service as banks have reportedly withheld payments for thousands of public sector workers' salaries, citing the government's inability to meet its ...Published: 03 Dec 2024 at 09:58hrs | 12998 | by Staff reporter
ZANU-PF corruption and mismanagement have turned Air Zimbabwe into an international embarrassment
This once-proud national airline, which began its journey in 1980 with a modern fleet inherited from Air Rhodesia, is now a global laughingstock, a shadow of its former self. At independence, ...Published: 02 Dec 2024 at 23:21hrs | 1328 | by Tendai Ruben Mbofana
Challenges mount for Mwonzora, property attached
Douglas Mwonzora, the embattled opposition politician and lawyer, is facing significant legal and financial troubles after his law firm, Mwonzora and Associates, had its office property seized last we...Published: 02 Dec 2024 at 15:49hrs | 4891 | by Staff reporter
Supreme court upholds disqualification of Victoria Falls candidate
The Supreme Court has upheld a High Court decision disqualifying aspiring independent candidate Ephias Mambume from contesting in the Ward 1 by-election for Victoria Falls Municipality. The ruling eff...Published: 30 Nov 2024 at 12:56hrs | 45 | by Staff reporter
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