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Zimbabwe cannot fund large-scale projects without monetary autonomy
Zimbabwe's economic debate is often framed through the lens of inflation control, exchange rate stability, and the day-to-day functionality of the US dollar in domestic transactions.Yet, benea...Published: 01 Jul 2025 at 12:05hrs | 191 | by Brighton Musonza
Bulawayo dam deal will leave ratepayers drowning in bills
A $126 million plan to construct the Glass Block Dam in the Umzingwane catchment area could finally provide relief for Bulawayo's persistent water shortages. However, the project's private financing m...Published: 21 Jun 2025 at 09:49hrs | 341 | by Staff reporter
Zimbabwe rebuilds correspondent banking ties
The Bankers Association of Zimbabwe (BAZ) has confirmed that some regional and niche international financial institutions have begun cautiously re-engaging with Zimbabwean banks, following the lifting...Published: 19 Jun 2025 at 07:10hrs | 153 | by Staff reporter
8 SADC countries facing acute electricity shortages
At least eight of the sixteen Southern African Development Community (SADC) member states currently have less than 50 percent access to electricity, underscoring a severe energy shortage across the re...Published: 12 Jun 2025 at 19:06hrs | 445 | by Staff reporter
Bulawayo fails to avail land for development
Bulawayo City Council is facing a deepening housing crisis after failing for more than a year to secure contractors to develop new housing stands in the city. Despite multiple attempts and repeated ad...Published: 01 Jun 2025 at 14:17hrs | 133 | by Staff reporter
Zimbabwe-Zambia scramble to revive US$5bn power project
More than three decades after it was first proposed, the Batoka Gorge Hydropower Project is back in the spotlight as Zimbabwe and Zambia renew efforts to revive the long-stalled US$5 billion energy ve...Published: 29 May 2025 at 13:22hrs | 3820 | by Staff reporter
Cash-hoarding cripples Zimbabwe banking sector
Zimbabwe's banking sector is under immense strain due to a severe liquidity crisis, with billions of dollars being hoarded outside the formal financial system by wealthy individuals. This alarming dev...Published: 29 May 2025 at 13:18hrs | 721 | by Staff reporter
IDBZ CEO Sakala set to step down
Mr. Thomas Zondo Sakala, the Chief Executive Officer (CEO) of the Infrastructure and Development Bank of Zimbabwe (IDBZ), is set to step down from his position in August this year after completing a s...Published: 13 May 2025 at 10:08hrs | 243 | by Staff reporter
Zimbabwe farmers displaced by new city compensated
The Zimbabwean Government has initiated the compensation process for over 300 farmers whose land was repossessed for the development of the new city in Mt Hampden, with five farmers already receiving ...Published: 06 Apr 2025 at 11:33hrs | 1007 | by Staff reporter
Mnangagwa praises Akinwumi Adesina
President Emmerson Mnangagwa has congratulated Dr Akinwumi Adesina for his outstanding leadership at the helm of the African Development Bank (AfDB), marking the end of his decade-long tenure as presi...Published: 08 Feb 2025 at 12:40hrs | 219 | by Staff reporter
CCC, Zanu-PF MPs pass Mthuli Ncube's budget
The 2025 National Budget, designed to drive economic growth, enhance social protection, and build resilience, was passed by Parliament last Thursday after intensive debate that stretched into the earl...Published: 23 Dec 2024 at 05:41hrs | 279 | by Staff reporter
Zimbabwe commits ZiG550m to industrial growth plan
The Zimbabwean government has committed ZiG$550 million to support the newly launched Zimbabwe Industrial Reconstruction and Growth Plan (ZIRGP), aimed at fostering growth opportunities in the manufac...Published: 11 Dec 2024 at 06:40hrs | 155 | by Staff reporter
NMBZ turns to Rabobank for agric financing
NMBZ Holdings Limited, a leading financial services group, has announced a strategic partnership with Rabobank, a Dutch multinational specializing in banking and financial services, to implement an en...Published: 19 Nov 2024 at 08:49hrs | 235 | by Staff reporter
Insecure Zanu PF legislator threatens Villagers
Controversial legislator for Buhera Central Constituency Samson Matema (ZANU PF) is reportedly on a witch hunting expedition for people who did not support him during last year primary elections and h...Published: 15 Oct 2024 at 13:29hrs | 1079 | by Staff Reporter
Mashonaland's new city takes shape
The Government of Zimbabwe has commenced servicing land in Mt Hampden, where the new commercial and administrative capital will be established. This follows the recent repossession of 47 farms coverin...Published: 25 Aug 2024 at 11:18hrs | 760 | by Staff reporter
Cyril Ramaphosa's 'plot' to kill the ANC
SOME senior ANC leaders have accused President Cyril Ramaphosa of working with external parties to collapse the governing party and replace it with a centre-right coalition led by him after the 2024 g...Published: 17 Jul 2024 at 09:09hrs | 1732 | by Staff reporter
47 farms earmarked for new city
FORTY-SEVEN farms in Mashonaland West and Mashonaland Central provinces have been earmarked for the development of the new capital city in Mt Hampden, where work on core infrastructure, which includes...Published: 10 Mar 2024 at 06:24hrs | 19 | by Staff reporter
Zimbabwe's ailing SOEs owe Chinese, Indian banks US$1.7billion
ZIMBABWE has accessed loans of up to USS$1.7 billion from Chinese and Indian banks to shore up technically insolvent state-owned enterprises (SOEs), a leading regional financier has revealed.A...Published: 31 Dec 2023 at 12:57hrs | 15 | by Staff reporter
Secrecy surrounding resource-backed loans in Zimbabwe
IntroductionTO realize the aspirations of Vision 2030, Zimbabwe needs to invest US$2 billion in infrastructure development in five consecutive years to close the infrastructure asset gap, a hu...Published: 07 Dec 2023 at 05:29hrs | 27 | by Mbongeni Nhliziyo
Nordic Development Fund hails Zimbabwean entrepreneurs
THE Nordic Development Fund (NDF) has commended Zimbabwe's entrepreneurs who have received the institution's support so far amid indications that more locals will be considered for funding in the near...Published: 16 Nov 2023 at 05:55hrs | 12 | by Staff reporter
Mnangagwa says global capital safe in Zimbabwe
PRESIDENT Mnangagwa yesterday invited investors from the United States and the rest of the world to partner with the Government in unlocking vast investment opportunities across economic value chains,...Published: 13 Jul 2023 at 06:59hrs | 4 | by Staff reporter
More land for Bulawayo housing
THE Bulawayo City Council (BCC) said it is committed to availing more land for servicing into residential stands building on the success of the Public Private Partnerships model to reduce the housing ...Published: 18 Jun 2023 at 08:37hrs | | by Staff reporter
Sanctions mongers return to ZITF
THE UK and US are keen on working with Zimbabwe as they are exhibiting at the Zimbabwe International Trade Fair (ZITF) for the first time in many years.Both countries hailed the Second Republi...Published: 27 Apr 2023 at 06:26hrs | 20 | by Staff reporter
UN to mobilise US$2,8 billion for Zimbabwe
The United Nations intends to mobilise US$2,8 billion by 2026 for various developmental programmes in Zimbabwe, as contained in the country's five-year economic blueprint, the National Development Str...Published: 10 Apr 2023 at 07:26hrs | 1 | by Staff reporter
Zimbabwean appointed managing director at Uganda's DFCU Bank
Development Finance Company of Uganda Bank Limited (DFCU) Bank has appointed Mr Charles M Mudiwa, a Zimbabwean national, as the new managing director, almost three months after Mr Mathias Katamba resi...Published: 09 Apr 2023 at 08:07hrs | 2 | by Staff reporter
IDBZ seeks US$1,5bn for infrastructure gaps
THE Infrastructure Development Bank of Zimbabwe (IDBZ) has revealed that it requires US$1,5 billion funding to plug the country's "vast" infrastructure deficit.The announcement comes as the go...Published: 03 Apr 2023 at 06:30hrs | 1 | by Staff reporter
Zimbabwean gospel star Everton Mlalazi shares much-needed message of hope with SA
A post-pandemic world seems to be dominated by bad news and despair. This is why Zimbabwean gospel star Everton Mlalazi feels the message of hope is essential and why he's ready to spread the gospel t...Published: 11 Mar 2023 at 06:52hrs | 1 | by Staff reporter
Cowdray Park population bigger than Gwanda, Hwange
WHILE it is a common joke in Bulawayo that Cowdray Park exists as a separate entity from the rest of Bulawayo, this may in the near future become a reality as police stations, malls, hospitals, clinic...Published: 05 Mar 2023 at 06:19hrs | 1 | by Staff reporter
Zimbabwe unlikely to benefit from US$55 billion Africa injection
ALTHOUGH the United States government promised US$55 billion investment into Africa over the next three years at the US-Africa summit that ended this week, Zimbabwe is unlikely to benefit much because...Published: 21 Dec 2022 at 20:08hrs | 1 | by Staff reporter
Mnangagwa jets off again
PRESIDENT Mnangagwa was last night expected to leave Harare for Niamey, Niger, where he is set to join other Heads of State and Government today at the Session of the African Union (AU) Summit on Indu...Published: 25 Nov 2022 at 05:04hrs | 6 | by Staff reporter
Zimbabwe developing a new US$60bn capita city
Plans to develop Zimbabwe's new capital city in Mt Hampden are gathering momentum, with a masterplan for the multi-billion-dollar ultra-modern development now complete.The US$60 billion metrop...Published: 31 Jul 2022 at 08:10hrs | 8 | by Staff reporter
Ramaphosa's 'plot' to kill the ANC
SOME senior ANC leaders have accused President Cyril Ramaphosa of working with external parties to collapse the governing party and replace it with a centre-right coalition led by him after the 2024 g...Published: 30 Jun 2022 at 19:46hrs | 14 | by Staff reporter
European Investment Bank warms up to Zimbabwe
The European Investment Bank (EIB) has availed about €40m to Zimbabwe banks within a year, which will go towards bailing out the country's SMEs and mid-cap companies, in a vote of confidence in the ...Published: 02 Jun 2022 at 09:04hrs | 1 | by Staff reporter
BCC to parcel out 3 000 stands yearly
BULAWAYO City Council (BCC) says it will unveil 3 000 stands annually to reduce the housing waiting list which now stands at 130 000.On Friday, BCC commissioned 114 stands in Emganwini high-de...Published: 24 May 2022 at 07:22hrs | 1 | by Staff reporter
Zimbabwe's central bank clarifies lending directive
The central bank says the suspension of lending by banks to government and private institutions announced by President Emmerson Mnangagwa at the weekend will include micro-financial institutions....Published: 11 May 2022 at 09:13hrs | 4 | by Staff reporter
RBZ extends loan ban to individuals, corporates
THE Reserve Bank of Zimbabwe (RBZ) has extended the suspension of lending of both local and foreign currency units by an array of financial institutions to also cover corporates and individuals....Published: 11 May 2022 at 09:10hrs | | by Staff reporter
RBZ lifts Access Forex suspension
Access Forex is back in the business of local remittances after a few days of suspension due to pending Exchange Control regulatory approvals.This comes after the Reserve Bank of Zimbabwe gave...Published: 28 Apr 2022 at 08:54hrs | 2 | by Staff reporter
RBZ gives Access Forex the greenlight on local transfers
THE country's fastest growing domestic and international money transfer platform Access Forex is back in the business of local remittances after a few days of suspension due to pending Exchange Contro...Published: 27 Apr 2022 at 18:38hrs | 30 | by Staff Reporter
Government to build flats in Cowdray Park
BARELY a month after availing land for over 500 stands, the Bulawayo City Council (BCC) has already identified more land that will see the development of flats in Cowdray Park and more residential sta...Published: 06 Feb 2022 at 06:54hrs | 5 | by Staff reporter
More housing stands to be availed in Bulawayo
THE Bulawayo City Council (BCC) is continuing with its push towards reducing the housing backlog in the city after the availing of land for a further 578 stands.This comes after the local auth...Published: 30 Jan 2022 at 08:20hrs | 1 | by Staff reporter
Dynamics of anti-Chinese crusade in Zimbabwe
In recent times, a steady stream of anti-Chinese propaganda in Zimbabwe - driven mostly by Western-sponsored media, civil society and the opposition - has grown into a huge tide.On January 20,...Published: 22 Jan 2022 at 05:21hrs | 4 | by Staff reporter
Zimbabwean heads Africa list of women to watch in banking & finance
WOMEN to Watch in Banking and Finance program has announced the list of Top 10 women shaping Africa's financial services sector.The list was compiled following a 3 month entry period which saw...Published: 14 Jan 2022 at 06:38hrs | 11 | by Staff reporter
10 reasons to consider African trade and investment opportunities in 2022
1. Visible green shoots – rising commodity pricesThe pandemic closed borders and stopped trade, other than for essentials, across the continent and was the principal reason for a decline in ...Published: 09 Jan 2022 at 06:19hrs | 15 | by Lerisha Naidu
Govt issues $24 billion Covid-19 guarantees
FINANCE minister Mthuli Ncube says government has issued debt guarantees amounting to $24,2 billion and US$15,2 million to help firms ride out Covid-19 induced operational problems.A governmen...Published: 28 Nov 2021 at 08:04hrs | 11 | by Staff reporter
Bulawayo avails 500 stands
THE Bulawayo City Council (BCC) has since started to note the benefits of a new housing development strategy that it embarked on at the beginning of the year with the servicing of over 500 stands unde...Published: 28 Nov 2021 at 07:51hrs | 14 | by Staff reporter
Youth League applauds Mnangagwa
THE Zanu-PF Youth League has welcomed President Mnangagwa's decision to include all national youth executive leaders who are more than 35 years old into the party's Central Committee as ex-officio mem...Published: 07 Nov 2021 at 07:08hrs | 12 | by Staff reporter
Political elites' vacuous populism not serving Zimbabwean people's interest
IN a recent eloquent but rather dense article titled "Dynamics of the Zimbabwe crisis in the 21st century" adopted from a 2003 academic paper of a similar title, Professor Sabelo J. Ndlovu-Gatsheni ma...Published: 31 Oct 2021 at 08:45hrs | 13 | by Dr Mike Chipere
Strive Masiyiwa to open 10 mega data facilities
Liquid Intelligent Technologies has opened its fifth mega data center in South Africa, as it doubles down on its continental leadership in the growing data centers sector, where it is targeting to bui...Published: 30 Sep 2021 at 21:27hrs | 9 | by Staff reporter
Cold chain supplier InspiraFarms opens regional office in Zimbabwe
InspiraFarms, a European company that designs and supplies coldrooms and packhouses, is setting up its regional office in Zimbabwe, looking to take advantage of what is sees as growth in horticulture ...Published: 26 Sep 2021 at 19:44hrs | 29 | by Staff reporter
Foreign investors line up new bank in Zimbabwe
A group of domestic and foreign investors has lodged an application with Zimbabwean authorities to roll out an investment bank, the first such institution since investment banks were toppled under the...Published: 10 Sep 2021 at 07:35hrs | 13 | by Staff reporter
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