Search / Finance
Zimbabwe sinks deeper into debt hole
THE government last year added US$6,45 billion to the public debt as the Treasury assumed the former white farmer's compensation fund under domestic debt and the Reserve Bank of Zimbabwe (RBZ) legacy ...Published: 20 hrs ago | 627 | by Staff reporter
NRZ looting unearthed
AN internal audit has uncovered corporate governance rot, and looting at ailing parastatal National Railways of Zimbabwe (NRZ) with board chairperson Martin Dinha (pictured) and his board allegedly bl...Published: 21 hrs ago | 1460 | by Staff reporter
Stong Zimbabwe presence in Rwanda as Harare eyes Commonwealth re-admission
ZIMBABWE, which has applied to be readmitted into the Commonwealth, has a strong presence at the ongoing Commonwealth meeting in Kigali, Rwanda.Ministers, business leaders, students, and membe...Published: 21 hrs ago | 687 | by Staff reporter
MPs fume over exchange rate manipulation
LEGISLATORS have demanded that the Finance ministry must bring a list of all exchange rate manipulators to Parliament and those who have benefitted from the foreign currency auction system.Thi...Published: 21 hrs ago | 721 | by Staff reporter
US$200,000 armed robber in court
ONE of the seven armed robbers who raided Access Finance Bureau De Change in Bulawayo and got away with thousands of United States dollars appeared in court yesterday.Nkosilathi Ncube (43) of ...Published: 21 hrs ago | 410 | by Staff reporter
'SADC must rally to cushion Zimbabwe against sanctions' argued Lumumba - Zanu PF apologist masquerading as intellectual
"I was disappointed myself when sanctions are levied against Zimbabwe, it is the people who suffer. Those in position of political power never suffer when there are sanctions," argued Professor P L O ...Published: 23 Jun 2022 at 08:54hrs | 1948 | by Wilbert Mukori
Chamisa's MP ordered to withdraw question about Chiwenga's whereabouts 'as country burns'
LEADER of government business in Parliament Ziyambi Ziyambi claimed Wednesday that only a few doctors and nurses were on strike as he reiterated the administration's refusal to pay salaries in foreign...Published: 23 Jun 2022 at 06:52hrs | 12235 | by Staff reporter
Backlash over Chinese loans
ZIMBABWE'S debt-stricken administration last year struggled to access fresh loans to scale up ambitious plans to revamp key infrastructure projects after accumulating significant arrears on lifelines ...Published: 23 Jun 2022 at 06:47hrs | 655 | by Staff reporter
Strike paralyses major hospitals
WORKERS from other sectors have started joining a tools down job action by health personnel and teachers who are demanding United States dollar salaries.The strike entered its third day yester...Published: 23 Jun 2022 at 06:46hrs | 372 | by Staff reporter
Nkayi gets new CEO
THE Local Government ministry has appointed Silibele Mpofu as the new Nkayi Rural District Council chief executive officer (CEO) despite the Zanu-PF-dominated council preferring Lawrence Mudimba for t...Published: 23 Jun 2022 at 06:46hrs | 510 | by Staff reporter
Zanu-PF Women's League conference roars into life
ALL roads lead to the Harare International Conference Centre today for the 7th Zanu-PF Women's League elective conference, which constitutionally takes place after every five years, with at least 2 50...Published: 23 Jun 2022 at 06:42hrs | 110 | by Staff reporter
It's A War: UK group attacks African oil and gas
CAPE TOWN, South Africa, June 22, 2022/ – UK-based events company, Hyve Group, has filed a lawsuit to blackout the African Energy Chamber (AEC).According to AEC, the lawsuit ...Published: 22 Jun 2022 at 13:24hrs | 3462 | by Thandisizwe Mgudlwa
Striking nurses hit out at Mthuli Ncube
STRIKING nurses expressed anger and disappointment Tuesday over recent remarks made by finance minister Mthuli Ncube that there was no crisis in the country, everything is well.Earlier this mo...Published: 22 Jun 2022 at 06:49hrs | 5148 | by Staff reporter
Mthuli Ncube has not ruled out US$ salaries
GOVERNMENT yesterday said it had not yet ruled out the possibility of paying civil servants salaries in United States dollars citing the current US$175 incentive as evidence of its willingness to meet...Published: 22 Jun 2022 at 06:47hrs | 2970 | by Staff reporter
MPs raise red flag over $3,49bn youth funds
Legislators have accused the Sport, Arts and Recreation ministry of failing to maintain youth centres despite Finance minister Mthuli Ncube disbursing $3,49 billion for their upgrade in 2020.T...Published: 22 Jun 2022 at 06:47hrs | 520 | by Staff reporter
Zinara fails to pay road contractors
GOVERNMENT has failed to pay contractors under the Emergency Road Rehabilitation Programme (ERRP) for the past five months, slowing down the road rehabilitation initiatives.Government launched...Published: 22 Jun 2022 at 06:45hrs | 312 | by Staff reporter
Mapping for urban title deeds underway
Mapping of seven urban suburbs in the title formalisation process is now complete and while that process continues with the next suburbs on the list, the first stand owners being processed are now acq...Published: 22 Jun 2022 at 06:40hrs | 148 | by Staff reporter
Zanu-PF supporters corner ministers, RBZ over failure
Zanu-PF supporters have strongly warned the party of impending electoral defeat in the 2023 general election and accused some of President Emmerson Mnangagwa's deployees in government, particularly Fi...Published: 21 Jun 2022 at 15:24hrs | 961 | by Staff reporter
FBI roped in to investigate 'money laundering' at Ramaphosa's Phala Phala farm
The burglary, which happened in February 2020, came to light earlier this month when former spy boss Arthur Fraser laid criminal charges against Ramaphosa.He claims $4 million was taken from t...Published: 21 Jun 2022 at 14:19hrs | 864 | by Staff reporter
Mthuli Ncube grilled over health budget
FINANCE minister Mthuli Ncube was last Thursday grilled by Members of Parliament for failing to disburse budgetary funds to critical ministries such as health, which are struggling to fund their activ...Published: 21 Jun 2022 at 06:43hrs | 618 | by Staff reporter
Bankers endorse central bank currency auction
BANKERS have endorsed government's foreign currency auction system, describing it as transparent given the prevailing economic situation.Giving oral evidence before the Parliamentary Portfolio...Published: 21 Jun 2022 at 06:41hrs | 365 | by Staff reporter
Zesa reaches out to Rwanda to clear connections backlog
STATE power utility, Zesa Holdings, has engaged Rwanda Energy Group for assistance in raising funding the company requires to clear a backlog of 305 000 houses requiring new electricity connections in...Published: 21 Jun 2022 at 06:37hrs | 185 | by Staff reporter
RBZ clears foreign currency auction backlog
THE backlog at the foreign currency auction run by the Reserve Bank of Zimbabwe has now been cleared with all allotments made by the end of last month now fully funded and all successful bidders since...Published: 21 Jun 2022 at 06:36hrs | 151 | by Staff reporter
Zimbabwe's central bank moves to control price of bread
Zimbabwe's central bank said Monday that the price of bread will go down after it held talks with an association of bakers.Governor John Mangudya said bakers had complained over lack of access...Published: 20 Jun 2022 at 18:56hrs | 1016 | by Staff reporter
Wadyajena harrases Musarara over grain transportation deal
Controversial GOKWE Nembudziya legislator, Justice Mayor Wadyajena, is up in arms with businessman, Tafadzwa Musarara, after he allegedly kicked him out of a grain and inputs transportation deal....Published: 19 Jun 2022 at 19:59hrs | 517 | by Shelton Muchena
Biti survives stone attack
Opposition Citizens Coalition for Change (CCC) deputy president Tendai Biti escaped death after he was attacked by suspected Zanu-PF activists in Mashonaland Central on Friday as political temperature...Published: 19 Jun 2022 at 10:10hrs | 2491 | by Staff reporter
Government distances self from Bulawayo forex rates
THE Government has said it is not aware of recent moves by the Bulawayo City Council to index water and rates bills to residents in foreign currency, a move that has also been met with public outcry....Published: 19 Jun 2022 at 10:05hrs | 369 | by Staff reporter
Govt keeps focus on Zimdollar
Government will not let-up on implementing fiscal and monetary measures to contain resurgent inflation and tame Zimbabwe dollar volatility, Finance and Economic Development Minister Professor Mthuli N...Published: 19 Jun 2022 at 10:04hrs | 222 | by Staff reporter
'Wadyajena pushed business interests through Parly'
THE Grain Millers Association of Zimbabwe (GMAZ) has accused Parliamentary Portfolio Committee on Lands and Agriculture chairperson Justice Mayor Wadyajena of abusing his position to grab its grain an...Published: 18 Jun 2022 at 07:30hrs | 723 | by Staff reporter
Zimbabwe doctors, nurses endorse strike
SALARY talks between government and its restive workers ended in a deadlock yesterday ahead of a full-blown strike action by health professionals and teachers beginning Monday.It has emerged t...Published: 18 Jun 2022 at 07:30hrs | 1008 | by Staff reporter
Zimbabwe farmers turn to aquaponics
A CRICKETER turns his back on the excitement of pro sports to take on a whole new challenge: farming without soil.Yasser Parker thought he had fulfilled his childhood dream by becoming a profe...Published: 18 Jun 2022 at 07:29hrs | 383 | by Staff reporter
WorldRemit closes transfers to Zimbabwe banks
British-based digital payments service, WorldRemit has announced its removal of direct bank transfers to Zimbabwean accounts in favour of mostly cash transactions.This came a month after Zimba...Published: 18 Jun 2022 at 07:28hrs | 896 | by Staff reporter
Zimbabweans clinch US$113 million property deal in Namibia
ZIMBABWEAN investors, including pension funds, are working on plans to take over a US$113 million (N$1,8 billion) property, The Grove Mall of Namibia, in Windhoek.The deal, which is at an adva...Published: 18 Jun 2022 at 07:27hrs | 483 | by Staff reporter
Low to middle-income housing project takes off from Bulawayo
BULAWAYO yesterday witnessed the official launch of a US$11 million housing project that will result in the construction of thousands of low-cost housing units in selected parts of the country with th...Published: 18 Jun 2022 at 07:26hrs | 508 | by Staff reporter
Tito Mboweni says, 'the big tree collapsed!'
Tito Mboweni who stepped down as South Africa's finance minister as President Cyril Ramaphosa carried out a cabinet reshuffle in the fallout from the worst unrest in the country's democratic history h...Published: 17 Jun 2022 at 10:40hrs | 6570 | by Staff reporter
Mugabe's dairy estates collapses
GUSHUNGO Dairy Estates has closed shop after former first lady Grace Mugabe sold about 700 dairy cows worth about US$1,4 million to a prominent butcher, rendering about 120 workers jobless.The...Published: 17 Jun 2022 at 09:04hrs | 36828 | by Staff reporter
Zanu-PF bigwigs 'blocking' parastatal reforms
CONCERTED efforts by Treasury to push for key parastatal reform and privatisation of the loss-making entities have been frustrated by some hawkish cabinet ministers and senior bureaucrats, who have fo...Published: 17 Jun 2022 at 08:58hrs | 880 | by Staff reporter
Under Mthuli Ncube, Zimbabwe going nowhere fast
FINANCE minister Mthuli Ncube is either a liar or suffering from selective amnesia.Either way he should not be involved in anything to do with the financial affairs of Zimbabwe.He has ...Published: 17 Jun 2022 at 08:30hrs | 267 | by A Mbire
Can real leaders please stand up!
WHEN hospitals start turning away patients because of inadequate sundries, this should jolt any serious government to act.When the face of hospitals, which are the nurses, decide to down tools...Published: 17 Jun 2022 at 08:29hrs | 78 | by Staff reporter
80-year Mtshabezi dream comes to life
MTSHABEZI Irrigation Scheme in Gwanda District, Matabeleland South, had been a pipe dream for over 80 years, but is now up and running, as has become the norm under the Second Republic.Last ye...Published: 17 Jun 2022 at 08:25hrs | 170 | by Staff reporter
Bosso fine harsh
HIGHLANDERS' followers feel the US$6 000 fine imposed on the club for the abandoned Castle Lager Premier Soccer league match against FC Platinum is harsh, but necessary to deter fans from hooliganism,...Published: 17 Jun 2022 at 08:21hrs | 101 | by Staff reporter
Chamisa's CCC moots paramilitary group with foreign help
THE opposition Citizens Coalition for Change (CCC) is contemplating setting up a paramilitary wing within its party's ranks ahead of the 2023 harmonised general elections in the name of "defending the...Published: 17 Jun 2022 at 08:18hrs | 307 | by Staff reporter
Forex auction props up industry revival
The foreign exchange auctions have disbursed over US$3,2 billion to productive sectors since they opened in 2020, a development that resulted in the growth of local industry's capacity utilisation to ...Published: 17 Jun 2022 at 08:17hrs | 51 | by Staff reporter
Top of the range vehicle smuggling in region rises
Some criminals in the region are targeting and stealing top-of-the-range vehicles before smuggling them into neighbouring countries, including Zimbabwe, where forged documents are manufactured before ...Published: 17 Jun 2022 at 08:15hrs | 68 | by Staff reporter
Mthuli Ncube told his tricks are not working
LEGISLATORS took Finance Minister Professor Mthuli Ncube to task in Parliament Wednesday, challenging him over the government's "failed" NDS-1 economic blue-print and the administration's apparent lac...Published: 16 Jun 2022 at 08:34hrs | 2452 | by Staff reporter
Mthuli Ncube dodges civil servants salary issue
FINANCE minister Mthuli Ncube was yesterday at pains to explain government's failure to review civil servants' salaries to parliamentarians as the cost of living shoots up.Legislators in the N...Published: 16 Jun 2022 at 08:29hrs | 862 | by Staff reporter
Chiefs blast Zanu-PF govt for lack of infrastructure development in Kariba
TRADITIONAL leaders from Kariba's Nyaminyami Rural District have berated President Emmerson Mnangagwa's administration for failing to push infrastructural development in the area.After 42 year...Published: 15 Jun 2022 at 07:40hrs | 454 | by Staff reporter
Civil servants fret over stagnant salaries
CIVIL servants have expressed dismay over government's failure to increase their salaries to cushion them against inflation and the country's weekly price rampage.Since Monday this week, gover...Published: 15 Jun 2022 at 07:34hrs | 762 | by Staff reporter
Mwonzora's MDC-T burns
FACTIONALISM and blame games have hit the MDC-T ahead of the elective congress that has been kept a closely guarded secret by party leader Douglas Mwonzora and his loyalists who are now plotting the e...Published: 13 Jun 2022 at 17:50hrs | 2169 | by Staff reporter
Zinara moves to weed out corruption
A LEGACY of corruption and operational challenges at tollgates has tainted the Zimbabwe National Road Administration (Zinara)'s corporate image.NewsDay (ND) chief reporter Taurai Mangudhla int...Published: 13 Jun 2022 at 06:46hrs | 286 | by Staff reporter
Load More Stories
