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Blow for regime change tool USAid
A federal judge on Friday cleared the way for one of the Trump administration's remaining steps in its dismantling of the U.S. Agency for International Development, allowing it to move forward with pu...Published: 22 Feb 2025 at 09:44hrs | 933 | by Staff reporter
Great Zimbabwe Hydro-Power, Lake Mutirikwi ready for NDS-2
MASVINGO - The Great Zimbabwe Hydro-power plant at Lake Mutirikwi and other prominent sites are ready to continue transforming several communities within ...Published: 21 Feb 2025 at 13:12hrs | 5740 | by Gideon Madzikatidze/Simbarashe Sithole recently in Mutirikwi
Zimbabwe Must Seize the Opportunity to Attract Investment as South Africa Faces Agricultural and Economic Shifts
The ongoing upheaval in South Africa regarding the removal of white farmers and the broader implications for the country's investment climate present a unique opportunity for Zimbabwe. While the polit...Published: 19 Feb 2025 at 13:13hrs | 485 | by Marilyn Mutize
OK Zimbabwe begins restocking after weeks of empty shelves
Troubled retailer OK Zimbabwe has announced that it has started restocking its outlets following weeks of empty shelves and temporary closures due to macroeconomic challenges, particularly exchange ra...Published: 17 Feb 2025 at 12:37hrs | 1667 | by Staff reporter
Dodgy schools sprout
The Government is currently reviewing the minimum standards for school licensing as part of efforts to address the proliferation of illegal learning institutions, a problem attributed to the shortage ...Published: 17 Feb 2025 at 09:02hrs | 449 | by Staff reporter
World Bank implores Zimbabwe to maintain tight money supply
The World Bank has urged Zimbabwe to maintain its tight monetary policy stance and resist spending pressures to control inflation and ensure lasting exchange rate stability.Inflation in Zimbab...Published: 17 Feb 2025 at 09:00hrs | 250 | by Staff reporter
Zimbabwe's debt unsustainably high
The International Monetary Fund (IMF) has warned that Zimbabwe's debt and external arrears remain unsustainably high, forcing the country to rely on its own resources to fund economic activities....Published: 16 Feb 2025 at 07:42hrs | 394 | by Staff reporter
Zimbabwe govt makes electronic money usage compulsory for businesses
The Zimbabwean Cabinet has approved the compulsory use of electronic money by all businesses in a bid to formalize the country's largely informal economy and enhance fiscal revenue collection. The mov...Published: 12 Feb 2025 at 06:40hrs | 650 | by Staff reporter
Shunned by the West, Zimbabwe's UAE gamble hands economy a lifeline
Zimbabwean President Emmerson Mnangagwa's six years of wooing the United Arab Emirates has given a lifeline to a nation that the West has ostracised for a quarter century and is unable to repay its lo...Published: 06 Feb 2025 at 09:12hrs | 1307 | by Staff reporter
Modern homes for old Gwanda Road displaced families
Mnangagwa says there is no room for hesitation in his governmentPresident Emmerson Mnangagwa took decisive action yesterday against under-performing Ministers of State for Provincial Affairs and D...Published: 06 Feb 2025 at 07:36hrs | 299 | by Staff reporter
Mnangagwa cracks the whip on under-performing ministers
President Emmerson Mnangagwa has firmly addressed the issue of underperformance among some Ministers of State for Provincial Affairs and Devolution, holding them accountable for lapses in submitting e...Published: 06 Feb 2025 at 07:28hrs | 216 | by Staff reporter
Mnangagwa returns with battered image?
President Emmerson Mnangagwa has officially returned to active duty after his annual leave, but his comeback is marred by intense political and economic turbulence. While Mnangagwa was on leave, Vice ...Published: 05 Feb 2025 at 12:11hrs | 1625 | by Staff reporter
Zimbabwe's inflation surges to 11.6% in January 2025
Zimbabwe's weighted month-on-month inflation rate surged by 10.5 percentage points in January 2025, reaching 11.6 percent from 1.1 percent in December 2024, according to figures released by the Zimbab...Published: 30 Jan 2025 at 06:38hrs | 97 | by Staff reporter
Zimbabwe economy implodes
Analysts and opposition political parties have raised alarm over a surge in job losses as companies downsize or shut down due to the prevailing tough economic environment in Zimbabwe. The formal retai...Published: 29 Jan 2025 at 08:49hrs | 1329 | by Staff reporter
Harare retail outlets resemble deserted ruins after war on smuggling
Retail outlets across Harare are increasingly resembling deserted ruins, offering a stark reflection of Zimbabwe's worsening economic conditions. As the country grapples with ongoing economic shocks, ...Published: 28 Jan 2025 at 07:06hrs | 1077 | by Staff reporter
Abuse of devolution funds raises concerns in Rural District Councils
Several rural district councils in Zimbabwe may be misappropriating Devolution Fund allocations, with reports emerging that some projects funded through donor programs are being falsely attributed to ...Published: 20 Jan 2025 at 10:19hrs | 82 | by Staff reporter
Buy Zimbabwe raises concerns over retail sector challenges
Buy Zimbabwe has raised concerns about the challenges facing the retail sector, stating that these obstacles are hindering efforts to promote locally-produced goods.Over the past few weeks, ma...Published: 20 Jan 2025 at 10:17hrs | 83 | by Staff reporter
Harare council official earns US$12,000 monthly amidst poor service delivery
Mathew Marara, a top official at Harare City Council, has come under scrutiny after it was revealed that he earns a substantial US$12,000 monthly, while the local authority struggles with poor service...Published: 16 Jan 2025 at 07:17hrs | 2001 | by Staff reporter
Mnangagwa makes a mistake, abolishes death penalty
President Emmerson Mnangagwa has officially signed the Death Penalty Abolition Bill into law, effectively ending capital punishment in Zimbabwe. The landmark decision, which was ratified in Parliament...Published: 01 Jan 2025 at 10:15hrs | 948 | by Staff reporter
ZCTU declares 2024 'annus horribilis' for workers, govt showdown looms
The Zimbabwe Congress of Trade Unions (ZCTU) has sharply criticized the government for what it describes as an "annus horribilis" for workers, outlining a series of grievances that have left the labor...Published: 23 Dec 2024 at 05:54hrs | 605 | 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 | 278 | by Staff reporter
Drug rehab on the cards for Bulawayo
The Government has announced plans to construct a specialized rehabilitation centre at Ingutsheni Central Hospital in Bulawayo to support individuals undergoing addiction therapy.The facility ...Published: 22 Dec 2024 at 10:37hrs | 51 | by Staff reporter
SADC advances plans to operationalise regional development fund
The Southern African Development Community (SADC) is making significant strides towards operationalising its Regional Development Fund (RDF), a financing mechanism aimed at fostering sustained economi...Published: 21 Dec 2024 at 08:11hrs | 93 | by Staff reporter
Mthuli Ncube's 2025 Budget to increase cost of doing business
Leading retailer OK Zimbabwe has expressed concern that the 2025 National Budget, as outlined by Finance Minister Prof Mthuli Ncube, will increase business costs, further exacerbating an already chall...Published: 20 Dec 2024 at 11:12hrs | 580 | by Staff reporter
Mnangagwa urges timely distribution of food aid amid drought
Zimbabwean President Emmerson Mnangagwa has called for timely and efficient aid distribution to people facing food shortages resulting from an El Nino-induced drought."The timely delivery of f...Published: 19 Dec 2024 at 16:53hrs | 131 | by Staff reporter
The impact of duty-free incentives in the 2025 national budget
The 2025 National Budget is a forward-thinking approach to economic recovery and national development, introducing strategic duty-free incentives aimed at empowering local industries, stimulating econ...Published: 17 Dec 2024 at 20:12hrs | 1048 | by Innocent Mujeri
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 | 400 | by Staff reporter
Zimbabwe fails to pay white farmers who had land expropriated
White commercial growers in Zimbabwe said that the government has failed to pay part of $331 million in compensation to farmers for expropriating their land but reimbursed others who weren't part of t...Published: 17 Dec 2024 at 10:08hrs | 569 | by Staff reporter
CCC MP faces legal setback in challenge against wealth tax
Marondera Central opposition legislator Mr. Caston Matewu has suffered a legal defeat in his attempt to challenge the Government's wealth tax, which was introduced in the 2024 National Budget and has ...Published: 17 Dec 2024 at 06:30hrs | 342 | 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 | 2152 | 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 | 512 | by Staff reporter
Minister Mthuli's Anaconda Choke on the Informal Sector Marks the End of Zanu PF Rule
Zimbabwe's Minister of Finance, Mthuli Ncube, has taken drastic measures to clamp down on the informal sector, a move being described as an "anaconda chok...Published: 13 Dec 2024 at 19:15hrs | 1794 | by Kindred Sibanda
RBZ deputy governor says Zimbabwe banking sector is resilient, stable
Reserve Bank of Zimbabwe (RBZ) Deputy Governor, Innocent Matshe, has highlighted the continued resilience and stability of the country's banking sector, despite facing challenges such as liquidity iss...Published: 13 Dec 2024 at 09:36hrs | 86 | 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 | 316 | by Staff reporter
Biden races to sell border wall parts before Trump takes office
In a move drawing sharp criticism, the Biden administration is reportedly hauling unused border wall materials away from the U.S.-Mexico border to auction them off, potentially hindering President-ele...Published: 12 Dec 2024 at 20:11hrs | 3425 | by Staff reporter
Mthuli Ncube willing to review tax proposals
The Zimbabwean Treasury may revise certain tax measures outlined in the 2025 National Budget following concerns raised by business leaders, economists, and other stakeholders. Finance, Economic Develo...Published: 11 Dec 2024 at 06:30hrs | 447 | by Staff reporter
South Africa running out of money at an alarming rate
Efficient Group chief economist Dawie Roodt has warned that South Africa is heading for a financial crisis due to its growing debt burden.Speaking to State of the Nation's Mark Sham, Roodt sai...Published: 09 Dec 2024 at 15:15hrs | 726 | by Staff reporter
Mthuli Ncube unveils ambitious infrastructure funding overhaul
Finance, Economic Development, and Investment Promotion Minister Professor Mthuli Ncube has announced plans to restructure the sinking fund and expand the e-tolling system to secure sustainable revenu...Published: 09 Dec 2024 at 06:44hrs | 1021 | 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 | 649 | by Staff reporter
Zimbabwe juggles US$1bn TBs to avert crisis
President Emmerson Mnangagwa's government is restructuring repayment terms for Treasury Bonds (TBs) as it grapples with escalating debt obligations and the looming threat of default. With nearly US$74...Published: 06 Dec 2024 at 18:06hrs | 297 | 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 | 286 | by Staff reporter
Lake Gwayi-Tshangani construction set to resume
The long-awaited construction of the Lake Gwayi-Tshangani Dam in Matabeleland North is set to resume, thanks to a ZWG1 billion allocation in the 2025 national budget aimed at completing the remaining ...Published: 06 Dec 2024 at 06:35hrs | 1006 | 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 | 454 | by Staff reporter
Billionaire Ramaphosa gets a pay rise
Parliament on Tuesday approved a salary increase for President Cyril Ramaphosa despite opposition from his ardent critics, the EFF and MK Party.This after ANC chief whip Mdumiseni Ntuli tabled...Published: 04 Dec 2024 at 07:25hrs | 1291 | 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
Forbes Border Post upgrade project approved
Cabinet has approved a public-private partnership (PPP) between the Ministry of Transport and Infrastructural Development and the Forbes Border Consortium, ushering in a new phase of modernisation for...Published: 01 Dec 2024 at 08:55hrs | 530 | by Staff reporter
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 | 103 | 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 | 83 | by Willias Madzimure
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 | 733 | by Tendai Biti
Mthuli Ncube squeezes taxpayers
Finance, Economic Development and Investment Promotion Minister, Mthuli Ncube, yesterday unveiled a set of new taxes aimed at bolstering government revenue in the 2025 national budget. The tax measure...Published: 29 Nov 2024 at 07:16hrs | 824 | by Staff reporter
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