Search / Financial
Chiwenga says Zimbabwe's monetary policy is in line with SADC integration
Zimbabwe's advancements in the gold sector, including the adoption of a floating exchange rate framework, align closely with the Southern African Development Community's (SADC) goal of achieving regio...Published: 11 hrs ago | 295 | by Staff reporter
Mnangagwa sings praise after praise during China trip
President Emmerson Mnangagwa has showered 'unparalleled' praise on China and its President, Xi Jinping, following his recent State visit and participation in the China-Africa Summit in Beijing. In a 2...Published: 15 hrs ago | 215 | by Staff reporter
Pros, cons of registration of political parties
FOR many years, there have been calls for political parties in Zimbabwe to be registered, and the calls have become louder after divisions in the opposition Citizens Coalition for Change (CCC) party r...Published: 15 hrs ago | 42 | by Veritas
Can Zimbabwe ZiG-zag away from the USD?
ZIMBABWE'S economy has suffered immensely since 2008, when inflation exceeded a million percent.Since then, the government has made six attempts to adopt a local currency, with the latest comi...Published: 13 Sep 2024 at 16:04hrs | 1435 | by Nkosi Moyo
ZiG exchange premium skyrockets
Leading research firms have raised alarm this week over the ballooning exchange premium for the Zimbabwe Gold (ZiG) currency, with parallels being drawn to the collapse of the Zimbabwe dollar. The rap...Published: 13 Sep 2024 at 16:03hrs | 4724 | by Staff reporter
EFF responds to Pravin Gordhan's death
The Economic Freedom Fighters (EFF) have released a statement acknowledging the death of former Minister of Public Enterprises, Pravin Gordhan, without any expression of sorrow. The party harshly crit...Published: 13 Sep 2024 at 13:57hrs | 867 | by Staff reporter
Chiwenga backs ZiG
Zimbabwe's monetary policy framework, coupled with the introduction of a stable currency, the Zimbabwe Gold (ZiG), has fostered transactional simplicity, certainty and predictability in the country's ...Published: 13 Sep 2024 at 13:10hrs | 1869 | by Staff reporter
Mnangagwa's govt blows unbudgeted US$16m
The government incurred significant unbudgeted expenditures earlier this year by providing twin-cab vehicles to chiefs, a move that has placed their parent ministry in a financial deficit, Finance Min...Published: 13 Sep 2024 at 08:12hrs | 1694 | by Staff reporter
Bulawayo man reports lawyer to Law Society of Zimbabwe
A Bulawayo resident has lodged a formal complaint alleging severe misconduct and unethical behavior within the legal system, specifically targeting a local lawyer accused of disrupting legal proceedin...Published: 13 Sep 2024 at 08:03hrs | 478 | by Staff reporter
Mthuli Ncube must explain why some ministries exceeded their approved budgets
Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube has been urged to explain why some government ministries exceeded their approved budgets before mid-year. In a motion on t...Published: 12 Sep 2024 at 08:01hrs | 439 | by Staff reporter
Molefe exposes Transnet's CEO
The role state capture has played in the current troubles facing Transnet was in dispute in Parliament on Tuesday as the state freight company's former CEO, now MK Party MP, Brian Molefe, challenged t...Published: 12 Sep 2024 at 06:58hrs | 290 | by Staff reporter
Warrant of arrest for Francesco Marconati
A Harare magistrate, Mr. Donald Ndirowei, has issued a warrant of arrest for Marondera businessman Francesco Marconati after he failed to appear in court for sentencing.Marconati was convicted...Published: 11 Sep 2024 at 19:47hrs | 468 | by Staff reporter
South Africa energy poverty to deepen
I want to talk to you about the attached report. It is available online.The report is about the future of European competitiveness and outlines a competitiveness strategy for Europe in Septemb...Published: 11 Sep 2024 at 13:45hrs | 201 | by Engineer Matšhela Koko
Starlink rocks Zimbabwe market
The entry of SpaceX's Starlink into the Zimbabwean market is poised to shake up the telecommunications sector, potentially leading to significant changes in service delivery, cost structures, and over...Published: 11 Sep 2024 at 11:59hrs | 2516 | by Staff reporter
Chimombe, Mpofu pay hefty price for talking while eating
Businessmen Mike Chimombe and Moses Mpofu are facing increasing scrutiny and legal challenges, with allegations that their former business partner, Wicknel Chivayo, has orchestrated a scheme to shield...Published: 11 Sep 2024 at 11:55hrs | 3362 | by Staff reporter
Sex workers torment Bulawayo CBD residents
Residents in Bulawayo's central business district (CBD) are expressing growing concern over the disruptive behavior of commercial sex workers in the area, particularly along Fort Street, Second Avenue...Published: 11 Sep 2024 at 09:22hrs | 1231 | by Staff reporter
90% of Zimbabwe adults in the informal sector
Millions of adult Zimbabweans have been driven into the informal business sector due to the declining formal market, according to a recent statement from the Coalition for Market and Liberal Solutions...Published: 11 Sep 2024 at 08:53hrs | 157 | by Staff reporter
Econet goes head-to-head with Starlink with new packages
Econet Wireless has launched its SmartBiz broadband data packages, aimed at meeting the connectivity needs of various business sectors, including small and medium-sized enterprises (SMEs), farmers, sc...Published: 11 Sep 2024 at 08:52hrs | 2154 | by Staff reporter
Econet ready for head-on competition with Starlink
The recent launch of Starlink in Zimbabwe has sparked considerable market excitement, prompting Econet Wireless, the nation's largest telecommunications and technology firm, to strategically position ...Published: 11 Sep 2024 at 08:49hrs | 203 | by Staff reporter
25% of Matabeleland South children not attending school
A recent report by the 2024 Zimbabwe Livelihood Assessment Committee (ZIMLAC) reveals that 25 percent of school-aged children in Matabeleland South Province are not attending school, primarily due to ...Published: 11 Sep 2024 at 08:44hrs | 91 | by Staff reporter
Chiwenga to headline governance conference
Vice-President Dr. Constantino Chiwenga is set to deliver the keynote address at the 2024 Chartered Governance and Accountancy Institute of Zimbabwe (CGAIZ) Annual Conference, taking place in Victoria...Published: 11 Sep 2024 at 08:42hrs | 162 | by Staff reporter
PPC Zimbabwe remits US$11,3m dividend to PPC SA
PPC Zimbabwe remitted R203 million (US$11.3 million) in dividends to its South African parent after a strong performance in the fiscal year ending March 31, 2024. The company's CEO, Matias Ca...Published: 11 Sep 2024 at 08:37hrs | 94 | by Staff reporter
Zinwa defrauded US$48,000 and ZWG94 million
The Zimbabwe National Water Authority (ZINWA) reportedly lost over US$48,000 and ZWG94,000,000 due to fraudulent activities allegedly carried out by a former personal assistant (PA) to the chief execu...Published: 10 Sep 2024 at 13:39hrs | 919 | by Staff reporter
ZiG sabotage
The introduction of the Zimbabwe Gold currency (ZiG) nearly five months ago has contributed to noticeable stability and low inflation, largely due to the Reserve Bank of Zimbabwe's (RBZ) rigorous meas...Published: 10 Sep 2024 at 08:49hrs | 5982 | by Staff reporter
Guvamatanga faces scrutiny over South African properties
George Guvamatanga, the Permanent Secretary of the Ministry of Finance, is under investigation following revelations of his extensive property portfolio in South Africa. This development has raised si...Published: 10 Sep 2024 at 08:25hrs | 9684 | by Staff reporter
ARTUZ urges members to take sick leave on schools opening day
As schools reopen today, September 10, 2024, the Amalgamated Rural Teachers Union of Zimbabwe (ARTUZ) is calling on its members to apply for sick leave, citing severe mental health issues exacerbated ...Published: 10 Sep 2024 at 08:18hrs | 288 | by Staff reporter
'Rehabilitate Bulawayo-Kezi Road to attract investments'
Lovemore Moyo, former Speaker of the National Assembly during Zimbabwe's government of national unity, has called on the Matobo Rural District Council (RDC) and relevant authorities to prioritize the ...Published: 10 Sep 2024 at 07:29hrs | 303 | by Staff reporter
Chiwenga defrauders case takes new twist
A Harare couple accused of defrauding Vice-President Constantino Chiwenga's wife, Miniyothabo, of nearly US$1 million in a botched construction deal allegedly used the same fraudulent scheme in seven ...Published: 10 Sep 2024 at 07:26hrs | 2447 | by Staff reporter
Contractor spills the beans on Harare City Council
Nanotech Solutions, a company contracted by Harare City Council (HCC) to install cost-efficient water treatment technology at Morton Jaffray Water Treatment Plant, has accused councillors and senior o...Published: 10 Sep 2024 at 07:24hrs | 547 | by Staff reporter
Councils top ZACC corruption list
Councillors and local government officials were the largest contributors to corruption cases reported to the Zimbabwe Anti-Corruption Commission (ZACC) last year, accounting for 13 percent of the tota...Published: 10 Sep 2024 at 07:21hrs | 191 | by Staff reporter
Asking Hichilema to honour campaign promises is now an offence in Zambia
This is Jason Mwanza (see image attached), a 28-year-old unemployed youth activist in Zambia. He has been in police detention without charge for almost two weeks now. His offence? Conducting a peacefu...Published: 09 Sep 2024 at 17:02hrs | 1589 | by Sishuwa Sishuwa
BCC developing a new diaspora policy
The Bulawayo City Council (BCC) is developing a new diaspora policy to engage Zimbabweans living abroad, aiming to harness their financial resources for local development and address challenges in fun...Published: 09 Sep 2024 at 08:14hrs | 219 | by Staff reporter
Zimta housing scheme for Matebeleland teachers
Forty-one teachers from the Matebeleland region are set to benefit from a new housing scheme launched by the Zimbabwe Teachers' Association (Zimta) as part of its non-monetary incentives for members....Published: 09 Sep 2024 at 08:10hrs | 98 | by Staff reporter
Last-minute back-to-school shopping rush hits Harare
As the new school term approaches, parents and guardians in Harare are grappling with skyrocketing costs for uniforms and stationery, as retailers seize the opportunity to profit from last-minute shop...Published: 09 Sep 2024 at 07:54hrs | 143 | by Staff reporter
Kwashi drags Caps United to FIFA over US$46,000
Former Caps United assistant coach Tostao Kwashi has taken legal action against the club, filing a claim with FIFA to recover unpaid salaries and bonuses totaling US$46,000. Kwashi, who served...Published: 08 Sep 2024 at 19:47hrs | 2100 | by Staff reporter
CCC participated in 2023 to give Zanu PF legitimacy and perpetuate our suffering for US$1.6m bonanza. Will sellout again 2028!
"Tshabangu smiles all the way to the bank." screamed the Bulawayo 24 headline accompanied by a picture of Senator Sengezo Tshabangu smiling from ear to ear!"Citizens Coalition for Change (CCC)...Published: 08 Sep 2024 at 19:45hrs | 683 | by Wilbert Mukori
Late businesswoman's family pushed for top lawyer's arrest
The family of the late businesswoman Jane Maisiri is calling for the arrest of prominent lawyer Wilson Manase, accusing him of mismanaging her estate since her death in 2002. Manase, appointed as the ...Published: 08 Sep 2024 at 15:16hrs | 1870 | by Staff reporter
Councilors threaten executive with arrest
Angry Kwekwe councilors fumed during a full council meeting last Thursday and threatened to have Kwekwe City executive arrested for allegedly recruiting new city parking marshals without a resolution....Published: 08 Sep 2024 at 13:50hrs | 391 | by Staff reporter
Bubi villagers petition Masuka, Zinwa over bills
Villagers in Bubi, Matabeleland North, have raised concerns with Lands, Agriculture, Fisheries, Water and Rural Resettlement Minister Anxious Masuka and the Zimbabwe National Water Authority (Zin...Published: 08 Sep 2024 at 09:55hrs | 57 | by Staff reporter
Fuel price decrease brings welcome relief to SA consumers
Consumers in South Africa will be able to stretch their rands a little further this month after the fuel price decreases were announced this past week.The Department of Mineral Resources and E...Published: 08 Sep 2024 at 09:39hrs | 93 | by Staff reporter
Ramaphosa's GNU partner suggests scrapping BEE
The Freedom Front Plus has urged the removal of Black Economic Empowerment (BEE) and Affirmative Action (AA) policies, arguing that they are detrimental and obstruct economic growth.The party ...Published: 07 Sep 2024 at 12:46hrs | 918 | by Staff reporter
War vets mop up vetting set for this month
The government is set to resume the mop-up vetting of war collaborators and non-combatants this month, with plans to publish the names of those who successfully pass the vetting, paving the way for th...Published: 07 Sep 2024 at 11:33hrs | 271 | by Staff reporter
Mnangagwa top aide warns aid looters
ZANU-PF legislators this Wednesday fumed over unfair distribution of food aid in several constituencies countrywide as authorities admitted something went wrong during the processes.Zimbabwe s...Published: 07 Sep 2024 at 10:23hrs | 2309 | by Staff reporter
Villagers fundraise to assist police dog attack victim
Villagers from Bubi, under the Bubi Community Parliament in Matabeleland North, have initiated a fundraising campaign to assist a 17-year-old boy, Sabelo Dube, who is struggling to receive medical tre...Published: 07 Sep 2024 at 10:13hrs | 257 | by Staff reporter
Tshabangu smiles all the way to the bank
Citizens Coalition for Change (CCC) interim leader Sengezo Tshabangu stands to benefit financially after the government disbursed over ZWL 22 million to the opposition party as part of the political p...Published: 07 Sep 2024 at 10:09hrs | 246 | by Staff reporter
CCC councillors squander millions in shady water deals
The Harare City Council (HCC) is reportedly wasting US$300,000 per month on water treatment chemicals from third-party suppliers, despite having a US$5.4 million contract with South African company Na...Published: 06 Sep 2024 at 14:51hrs | 241 | by Staff reporter
Mnangagwa, Tshabangu parties to share ZiG 70 million
Zanu-PF and CCC will share ZWG 70 million under the Political Parties Finance Act, which provides financial support to political parties in Zimbabwe.Zanu-PF is set to receive ZWG 47.9 million,...Published: 06 Sep 2024 at 14:10hrs | 182 | by Staff reporter
Khama Billiat's jersey sales smash records
Khama Billiat's jersey sales have set new records in Zimbabwe, generating an impressive R2.1 million for his club, Yadah FC. This extraordinary amount highlights the former Kaizer Chiefs star's consid...Published: 06 Sep 2024 at 08:01hrs | 1443 | by Staff reporter
Son impregnates and marries biological mother
A woman in Zambia named Betty Mbereko, aged 40, has married her son, 23-year-old Farai Mbereko, after becoming pregnant with his child, further complicating their relationship.Betty, who was w...Published: 06 Sep 2024 at 07:37hrs | 798 | by Staff reporter
Over 4 500 learners fall pregnant in Zimbabwe
Over 4,500 students dropped out of school last year in Zimbabwe due to pregnancy, including 150 in primary schools, according to Primary and Secondary Education Minister Edgar Moyo. Moyo reve...Published: 06 Sep 2024 at 07:24hrs | 89 | by Staff reporter
Load More Stories