Search / Dollar
Panic as Trevor Ncube's media empire faces collapse
Alpha Media Holdings (AMH), one of Zimbabwe's largest independent media houses owned by media mogul Trevor Ncube, is teetering on the brink of collapse, insiders revealed. The company has failed to up...Published: 20 Dec 2024 at 12:00hrs | 2319 | by George Tshuma
Is Zimbabwe on the brink of collapse?
Zimbabwe is standing at a dangerous crossroads as the nation endures an escalating energy crisis that threatens its economy, livelihoods, and future prospects. The recent wave of prolonged pow...Published: 18 Dec 2024 at 13:05hrs | 1931 | by Tendai Ruben Mbofana
Concerns mount over devolution fund shortfalls in Zimbabwe
The government's failure to meet the five percent constitutional threshold for devolution funding since 2019 has sparked widespread criticism. From its inception to 2023, the Inter-Governmental Funds ...Published: 17 Dec 2024 at 15:00hrs | 387 | 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 | 826 | by Staff Reporter
WATCH: Johannesburg to Harare bus catches fire along Masvingo-Harare highway
A Harare-bound bus caught fire about 5km before Mvuma along the Masvingo-Harare highway today. No injuries were recorded but goods worth thousands of dollars were destroyed. The bus wa...Published: 14 Dec 2024 at 17:34hrs | 1077 | by Staff reporter
Zimbabwe's banking sector sees surge in US dollar deposits
Zimbabwe's banking sector has experienced a remarkable increase in confidence, with foreign currency deposits rising by 13% to US$2.64 billion in October 2024, compared to the same period in 2023. Thi...Published: 14 Dec 2024 at 12:35hrs | 2125 | by Staff reporter
Zinwa financial rot exposed
An external audit conducted by Grant Thornton has raised serious concerns about the financial management at the Zimbabwe National Water Authority (Zinwa), revealing significant irregularities in its r...Published: 14 Dec 2024 at 12:35hrs | 2139 | by Staff reporter
Biti criticizes Zimbabwe's economic policies
Former finance minister Tendai Biti has strongly criticized the economic policies under the current administration, describing them as "fictitious" and blaming them for Zimbabwe's ongoing de-industria...Published: 14 Dec 2024 at 12:34hrs | 505 | by Staff reporter
More trouble for Zimbabwe as Trump makes return
The incoming administration of Donald Trump in the United States has sparked significant interest across Africa, as analysts speculate on how his second presidency will affect the continent's security...Published: 14 Dec 2024 at 12:34hrs | 764 | by Staff reporter
Zimbabwe collects US$30,8m from sugar tax
The Zimbabwean government has reported collecting US$30.8 million from the special surtax on sugar content in beverages since the gazetting of Statutory Instrument 16 of 2024, the Customs and Excise (...Published: 14 Dec 2024 at 10:37hrs | 85 | by Staff reporter
Victoria Falls auctioneer convicted of fraud over Zimra vehicles
A Victoria Falls auctioneer, his company, and their accountant have been convicted of fraud after illegally selling vehicles belonging to the Zimbabwe Revenue Authority (Zimra). Jeffrey Mubaiwa, the d...Published: 14 Dec 2024 at 10:31hrs | 162 | by Staff reporter
NetOne rewards customers with 'Trolley Dash' Holiday Campaign
In a festive move to celebrate the holiday season, OneMoney, a NetOne product, has again unveiled its yearly exciting promotion called "Trolley Dash" that aims to reward customers for their digital tr...Published: 14 Dec 2024 at 10:14hrs | 247 | by Simbarashe Sithole
Matebeleland projects have remained stagnant for years
Nkulumane Member of Parliament, Desire Moyo, has made a passionate plea to Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube to allocate funding for critical infrastructure...Published: 13 Dec 2024 at 09:43hrs | 333 | by Staff reporter
'Counterfeits, financial instability imperil manufacturing sector'
Zimbabwean consumers are grappling with increasing difficulties, including the proliferation of counterfeit goods and financial instability, as the country's manufacturing sector struggles to grow. Pa...Published: 13 Dec 2024 at 09:39hrs | 46 | by Staff reporter
Bulawayo City Council forced to revise 2025 budget
Following a heated meeting with business representatives, residents' associations, and other key stakeholders, the Bulawayo City Council (BCC) has been compelled to revise its proposed 2025 budget. Th...Published: 13 Dec 2024 at 09:32hrs | 122 | by Staff reporter
Mnangagwa says iron, steel sector key to Zimbabwe's economic revitalisation
President Emmerson Mnangagwa has emphasized the critical role of Zimbabwe's iron and steel industry in transforming the national and regional economy, underscoring its potential to drive industrialisa...Published: 13 Dec 2024 at 06:45hrs | 300 | by Staff reporter
Harare loses millions in potential revenue
The City of Harare is losing millions of United States dollars in potential revenue from unpaid rates, with tuckshop owners and residents among the main defaulters. This was revealed by Acting Revenue...Published: 12 Dec 2024 at 06:56hrs | 319 | by Staff reporter
As the curtain comes down
Zimbabwe is a sun-drenched country in Southern Africa, some fifteen to twenty degrees South of the Equator. It's Central Plateau and Eastern Highlands are high, full of botanical flowers, trees, rocks...Published: 11 Dec 2024 at 19:46hrs | 297 | by Leonard Koni
NatFoods bemoans limited ZWG acceptability
Zimbabwe's listed food manufacturer, National Foods (NatFoods), has expressed concern over the limited acceptability of the Zimbabwe Gold (ZWG) as a medium for sourcing raw materials, highlighting the...Published: 10 Dec 2024 at 07:09hrs | 719 | by Staff reporter
The tale of two criminal politicians
CORRUPTION is a type of dishonesty or a criminal offence that is often perpetrated by a person or an organisation that is entrusted in a position of authority to acquire illicit benefits or abuse powe...Published: 09 Dec 2024 at 08:14hrs | 931 | by Tapiwa Gomo
Zimbabwe consortium seeks US$3 billion for power transmission project
The Intensive Energy User Group (IEUG), a local power consortium, is calling for over US$3 billion in investment over the next five years to enhance transmission infrastructure and address power imbal...Published: 09 Dec 2024 at 06:58hrs | 651 | by Staff reporter
BCC leases land for business to boost local economy
The City of Bulawayo has announced the opening of a new tender process inviting bids for the lease of several business premises across the city. This initiative is part of the local authority's effort...Published: 08 Dec 2024 at 09:52hrs | 105 | by Staff reporter
We need Zacc in the Zifa elections
With the 2024 soccer season gone, the Zifa elections are dominating headlines everywhere with all sorts of names being thrown around as possible successors to Felton Kamambo.Since nominations ...Published: 08 Dec 2024 at 09:26hrs | 45 | by Michael Kariati
Kikky Badass ordered to pay US$18,000 in defamation case
Hip hop artist and video vixen Christabel Stembeni Kikky Badass Mahlungwa has been ordered to pay US$18,000 in defamation damages to prominent Masvingo lawyer Rodney Saratoga Makausi following a lawsu...Published: 07 Dec 2024 at 12:12hrs | 1118 | by Staff reporter
Zimbabwe losing billions in inflated infrastructure project costs
Zimbabwe may be losing billions of dollars in inflated costs for its massive infrastructure projects due to the absence of advanced software for accurate project pricing, according to a local industry...Published: 06 Dec 2024 at 18:11hrs | 1153 | by Staff reporter
Zimbabwe's cash reserves cannot cover a month
The Zimbabwe National Chamber of Commerce (ZNCC) has raised alarm over the country's dwindling foreign currency reserves, warning that the current US$540 million is insufficient to cover even a single...Published: 06 Dec 2024 at 18:10hrs | 644 | by Staff reporter
Zupco workers to get their dues
Zimbabwe United Passengers Company (Zupco) CEO, George Chigora, has assured both current and former workers that the company is committed to settling outstanding salary payments before the festive sea...Published: 06 Dec 2024 at 06:38hrs | 888 | by Staff reporter
Zimbabwe inflation eases
Zimbabwe's inflation rate eased significantly in November, marking a slowdown to 11.7% from 37.2% in October, according to the Reserve Bank of Zimbabwe (RBZ). The decline was attributed to the central...Published: 05 Dec 2024 at 11:08hrs | 489 | by Staff reporter
Feared CIO's mother dies in deplorable state
Gogo Tarima Muzariri, the mother of the late Livingstone Maynard Muzariri, former director-general of the Central Intelligence Organisation (CIO), has passed away at the age of 112. She died on Tuesda...Published: 05 Dec 2024 at 08:55hrs | 1712 | by Staff reporter
RBZ keeps rates steady
Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu has announced that the bank policy rate will remain at 35%, and statutory reserve requirements will stay unchanged, as the central bank seeks ...Published: 05 Dec 2024 at 06:55hrs | 444 | by Staff reporter
Zimbabwe's central bank claims success in stabilising rate and inflation
The Reserve Bank of Zimbabwe (RBZ) has announced significant progress in stabilising the country's exchange rate and inflation following a series of monetary policy interventions, including a cumulati...Published: 04 Dec 2024 at 14:23hrs | 291 | by Staff reporter
Multi-million-dollar scandal rocks Victoria Falls council
The Zimbabwe Anti-Corruption Commission (ZACC) has uncovered a massive corruption scandal involving high-ranking officials at Victoria Falls City Council, including Mayor Tuso Moyo and Town Clerk Ronn...Published: 04 Dec 2024 at 06:49hrs | 899 | 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 | 12939 | by Staff reporter
CSOs voice strong opposition to the Zimbabwe tax
Civil Society Organisations (CSOs) have voiced strong opposition to the Zimbabwean government's 2025 national budget, criticizing new taxes as oppressive and harmful to citizens already struggling wit...Published: 03 Dec 2024 at 08:54hrs | 218 | by Staff reporter
Mnangagwa breaks ground for 720MW power plant in Hwange
President Emmerson Mnangagwa today led the groundbreaking ceremony for a new 720MW thermal power plant in Hwange District, marking a major milestone for Matabeleland North Province and Zimbabwe's ener...Published: 02 Dec 2024 at 07:19hrs | 1838 | by Staff reporter
Police smash armed robbery syndicate in Bulawayo
In a significant breakthrough, Zimbabwean police have dismantled a seven-member armed robbery syndicate that had been terrorizing residents of Bulawayo. The arrests come amid heightened efforts to cur...Published: 02 Dec 2024 at 07:18hrs | 829 | by Staff reporter
Parliament power outage exposed consequences of corruption and mismanagement
Two days ago, Zimbabwe once again found itself in the throes of an international embarrassment, this time at the heart of its legislative hub. During the presentation of the 2025 National Budg...Published: 01 Dec 2024 at 20:56hrs | 1363 | by Tendai Ruben Mbofana
RBZ assures bonus payments will not disrupt economic stability
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu has assured that the payment of civil servant bonuses ahead of the festive season will not affect price stability or the exchange rate....Published: 01 Dec 2024 at 08:50hrs | 96 | by Staff reporter
Trump threatens BRICS for trying to move away from the dollar
The BRICS nations will be hit with 100% tariffs on their goods if they try to introduce a reserve currency to rival the dollar, US President-elect Donald Trump has warned. Trump has repeatedly threate...Published: 30 Nov 2024 at 21:26hrs | 2565 | by Staff reporter
Mthuli Ncube's budget is anti-people, anti-business and anti-Zimbabwe
Citizens Coalition for Change Statement on 2025 budget statement The recent national budget proposal exposes the Zanu-PF government's obnoxious penchant to compulsorily expropriate people's mo...Published: 30 Nov 2024 at 13:28hrs | 81 | by Willias Madzimure
NetOne duped US$133,000 by auction dealer
Jeffery Mubaiwa, the director of JEFFM Auctions, appeared before Harare magistrate Apollonia Marutya on Thursday, facing charges of fraud after allegedly defrauding mobile network operator NetOne Priv...Published: 30 Nov 2024 at 13:03hrs | 72 | by Staff reporter
2025 Budget: A shallow, hollow, narcissistic and dishonest anti-people ritual
THE 2024 budget statement was presented in backdrop of a tough and challenging year for the working people of Zimbabwe. A year in which the citizen had been abused by extreme levels of inflation, emas...Published: 29 Nov 2024 at 18:47hrs | 731 | by Tendai Biti
Mnangagwa leaves Parliament in darkness
President Emmerson Mnangagwa walked out of the New Parliament Building in total darkness on Thursday, underscoring the severity of Zimbabwe's ongoing electricity crisis. The 82-year-old Zanu-PF leader...Published: 29 Nov 2024 at 07:18hrs | 2674 | by Staff reporter
Mthuli Ncube sees 2025 growth rebound after this year's drought
Zimbabwe has projected economic growth to accelerate to 6 percent in 2025 from 2 percent this year, helped by improved agricultural output and power generation as the country recovers from a severe dr...Published: 28 Nov 2024 at 16:32hrs | 190 | by Staff reporter
It's time real patriotic Zimbabweans stood up against the destruction of their country
It never rains but pours for the people of Zimbabwe.This month, the Zimbabwean government failed to pay its civil servants their full salaries-a disgraceful development that underscores the de...Published: 28 Nov 2024 at 15:12hrs | 161 | by Tendai Ruben Mbofana
Another ribbon cutting on the same Mbudzi Interchange?
A newly constructed 790-metre link road and bridge along Harare Drive in the Houghton Park area have been opened to traffic, marking a major milestone in the multi-million-dollar Mbudzi Interchange pr...Published: 28 Nov 2024 at 06:41hrs | 1800 | by Staff reporter
The 'torn' money-buying brigade: A hustle for survival in Zimbabwe
For many in Zimbabwe, especially those navigating the streets of Harare, torn or worn-out money has become more than just a nuisance - it's an opportunity for survival. One such individual, 30-year-ol...Published: 27 Nov 2024 at 07:05hrs | 367 | by Staff reporter
Zimbabwe teachers demand payment of November salaries
The government is facing growing backlash from teachers across Zimbabwe after it failed to pay them their November salaries and 13th cheque (bonus) without providing any explanation.In a state...Published: 27 Nov 2024 at 07:03hrs | 701 | by Staff reporter
Surge in US$ cash transactions triggers spike in armed robberies in Zimbabwe
Zimbabwe is experiencing an alarming rise in armed robberies, with the increasing use of US dollar cash transactions making businesses, banks, and individuals prime targets for criminals. Violent atta...Published: 27 Nov 2024 at 06:50hrs | 211 | by Staff reporter
Zimbabwean inflation slows
Zimbabwe's monthly inflation rate slowed for the first time in four months, as volatility that's plagued the nation's gold-backed ZiG currency shows signs of ebbing.Consumer prices rose 11.7% ...Published: 26 Nov 2024 at 19:37hrs | 449 | by Staff reporter
Load More Stories