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Mutapa to shake-up State firms
Mutapa Fund Plots Major Shake-Up of State-Owned Enterprises to Enforce Governance and ProfitabilityZimbabwe's sovereign wealth vehicle, the Mutapa Investment Fund, is preparing to roll out swe...Published: 13 Jul 2025 at 16:12hrs | 676 | by Staff reporter
How the NRZ Can Fund Zimbabwe's Pensioners on Its Own
As Zimbabweans, do we pause to look inward and realise that some of the solutions we desperately seek already lie within our own institutions. The National Railways of Zimbabwe (NRZ) stands as a t...Published: 24 May 2025 at 23:02hrs | 427 | by Jacob Kudzayi Mutisi
Mnangagwa commissions US$18,5m Bulawayo students' complex
President Emmerson Mnangagwa yesterday officially commissioned the state-of-the-art Bulawayo Students Accommodation City Complex, a landmark project in Matsheumhlope suburb valued at US$18.5 million. ...Published: 16 Nov 2024 at 14:22hrs | 352 | by Staff reporter
Bulawayo housing stands unaffordable for many
The escalating demand for family housing in Bulawayo has driven housing stand prices beyond many people's reach, as the local authority struggles to provide enough land for the growing number of home ...Published: 02 Sep 2024 at 11:22hrs | 568 | by Staff reporter
Mnangagwa government's game of darkness
NOW, if you put President Emmerson Mnangagwa, Mthuli Ncube and Kuda David Mnangagwa-the Finance minister and deputy minister, respectively—what will you get?Correct. Darkness. Lots of darkne...Published: 31 Mar 2024 at 16:30hrs | 3 | by Tawanda Majoni
Mnangagwa must not exempt state entities from scrutiny
GOVERNANCE watchdogs has demanded that President Emmerson Mnangagwa discard his gazetted General Notice 164B of 2024 which exempts 21 key state entities from complying with the Public Procurement and ...Published: 21 Feb 2024 at 20:03hrs | 63 | by Staff reporter
Bulawayo set for major transformation
BULAWAYO is experiencing a renaissance as investor interest is surging, reindustrialisation efforts taking root and multi-million dollar projects underway, signalling a promising future for the city....Published: 18 Feb 2024 at 09:00hrs | 10 | by Staff reporter
Mnangagwa govt is getting crazier
IF you are a Zimbabwean citizen or resident and still want to live on, you need super strong shock absorbers because the Mnangagwa administration is capable of crazy things that can easily kill you....Published: 11 Feb 2024 at 21:07hrs | | by Staff reporter
Mnangagwa exempts 21 entities from scrutiny
President Emmerson Mnangagwa has exempted 21 public entities from scrutiny in procurement and disposal of assets.The Reserve Bank of Zimbabwe, AFC Commercial Bank, Infrastructure Develop...Published: 09 Feb 2024 at 06:58hrs | | 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
Chiredzi Town Council to upgrade water supply systems
Chiredzi Town Council has tabled an ambitious 5 year development plan which will see the town intensely improve water supply and modernize all its infrastructure.This came out at a recent post...Published: 12 Dec 2023 at 13:57hrs | 20 | by Stephen Jakes
Bulawayo students' complex already full
SPACE at the US$17 million student accommodation complex in Bulawayo is reportedly full as a number of students from different institutions have taken up residence with hundreds who have been making e...Published: 10 Sep 2023 at 08:56hrs | 7 | by Staff reporter
New suburb to tackle Bulawayo housing backlog
THE Infrastructure Development Bank of Zimbabwe (IDBZ) is developing an upmarket suburb in Bulawayo which has 114 residential stands ranging from 3 500 to 9 000 square metres in size.The estim...Published: 20 Jul 2023 at 06:52hrs | 26 | by Staff reporter
Students complex opens doors in Bulawayo
THE US$17 million student accommodation complex in Bulawayo that is expected to house more than 1 000 students is ready for occupation with the Government saying it will ensure the project is replicat...Published: 09 Jul 2023 at 09:06hrs | 23 | by Staff Reporter
Bona, Chikore don't own land in Carrick Creagh'
A private land development company, Arosume Property Development (Pvt) Limited, has said that the stands totalling 213 794 square metres in Carrick Creagh and listed in divorce papers as belonging to ...Published: 04 May 2023 at 06:01hrs | 4 | 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
Bulawayo CBD expansion to cover Suburbs, Kumalo
BULAWAYO City Council (BCC) is considering extending the Central Business District (CBD) into residential areas such as Suburbs and Kumalo in line with current trends that have seen some companies and...Published: 17 Mar 2023 at 07:25hrs | 11 | by Staff reporter
Why Nssa suspended top boss
THE National Social Security Authority (Nssa), established in 1989 as a statutory corporate body tasked by the government to provide social security, suspended its Director for Investment and Properti...Published: 12 Feb 2023 at 11:09hrs | | by Staff reporter
Nust students complex awaits Mnangagwa commissioning
THE Government, through the Infrastructure Development Bank of Zimbabwe (IDBZ), has completed constructing the massive US$17 million student accommodation complex in Bulawayo.The multi-purpose...Published: 17 Jan 2023 at 15:10hrs | 8 | by Staff reporter
Norsad Capital signs MoU with the IDBZ to create new opportunities for Zimbabwean businesses
Recognising their common goals, the Infrastructure Development Bank of Zimbabwe (IDBZ) has joined forces with Norsad Capital, a provider of private credit to scalable businesses focused on growth. Thi...Published: 14 Sep 2022 at 14:55hrs | 7 | by Agencies
US$30 million for Lupane State University students accommodation
THE Infrastructure Development Bank of Zimbabwe (IDBZ) has released US$30m for the construction of Lupane State University student accommodation and work has already begun in earnest on the seven-hect...Published: 11 Sep 2022 at 11:05hrs | 95 | by Staff Reporter
'We can only afford 232 houses, not 300 000'
HOUSING Amenities minister Daniel Garwe yesterday said government had budgeted to build less than 250 houses this year, indirectly admitting to selling the public a dummy when it pledged 300 000 annua...Published: 13 Aug 2022 at 07:26hrs | | by Staff reporter
Universities to copy Nust accommodation model
THE Infrastructure Development Bank of Zimbabwe (IDBZ) will replicate the National University of Science and Technology (Nust) student accommodation model at other universities to curb shortages at te...Published: 02 May 2022 at 08:03hrs | 7 | by Staff reporter
Bulawayo's student accommodation complex to be complete by August
THE Bulawayo student accommodation being constructed by the Infrastructure Development Bank of Zimbabwe near the National University of Science and Technology will be completed and commissioned in Aug...Published: 01 May 2022 at 11:16hrs | 4 | by Staff reporter
New power supply for Bulawayo
GOVERNMENT has commenced the construction of a 360km electricity transmission project linking Hwange Thermal Power Station and Insukamini Substation in Bulawayo.The project is part of the on-g...Published: 14 Dec 2021 at 22:49hrs | 17 | by Staff reporter
Zimbabwe to borrow $147 billion in 2022
Finance and Economic Development Minister, Professor Mthuli Ncube, says the Treasury will borrow $146,8 billion using Treasury Bills (TBs) and Treasury Bonds in 2022 to finance key Government projects...Published: 01 Dec 2021 at 05:34hrs | 9 | by Staff reporter
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
Mnangagwa govt to borrow US$1,4bn
GOVERNMENT has announced a plan to borrow ZW$146,8 billion (about US$1,4 billion) in 2022 to fund various infrastructure development projects.This debt would add to the existing stock of US$13...Published: 26 Nov 2021 at 19:42hrs | 23 | by Staff Rporter
Chiwenga acting President
PRESIDENT Emmerson Mnangagwa on Sunday morning left for the COP26 climate summit being held in Glasgow, Scotland.Information Ministry spokesperson Nick Mangwana confirmed added Vice President ...Published: 31 Oct 2021 at 08:03hrs | | by Staff reporter
Bulawayo's student accommodation complex takes in first batch
THE Infrastructure Development Bank of Zimbabwe (IDBZ)-owned Bulawayo Student Accommodation complex is expected to take in its first students this month with one of the wings now at 96 percent complet...Published: 12 Sep 2021 at 08:45hrs | 10 | by Staff reporter
Govt mulls merger of six banks into three entities
A PROPOSAL to merge six financial institutions into three big ones is being considered by the Zimbabwean government, in a different consolidation process from the CBZ Holdings, ZB Financial Holdings, ...Published: 10 Sep 2021 at 18:53hrs | 11 | 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
Bulawayo master plan ready for objections
BULAWAYO residents have been given up to mid-October to raise objections to the city's new master plan which will see some property owners losing their land. Already, Ingutsheni Mental Referral Hospit...Published: 28 Aug 2021 at 05:56hrs | 5 | by Staff reporter
Lupane tables mall project, again
MATABELELAND North provincial capital, Lupane, is still seeking potential investors to construct a multi-purpose shopping mall that will assist in attracting more business and investment towards the g...Published: 26 Aug 2021 at 06:35hrs | 2 | by Staff reporter
Privatization plans off rails
In November 2018, the Zimbabwean government set out a privatization plan to dispose completely and partially privatize over 23 state entities and parastatals (SEPs). According to the Auditor General R...Published: 07 May 2021 at 15:41hrs | 3 | by Victor Bhoroma
The economic toll of Covid-19 on Zimbabwe has deepened energy poverty
Zimbabwe's management of the Covid 19 pandemic on the health front seems to have scored positively compared to other countries but the gains on statistics should not deflect attention from the perils ...Published: 26 Mar 2021 at 21:43hrs | 10 | by Taruberekera Masara in Pretoria
IDBZ student hostel project nears completion
THE Infrastructure Development Bank of Zimbabwe (IDBZ)'s US$14.8 million student accommodation project in Bulawayo is now 69% complete and expected to be fully completed in November this year....Published: 06 Mar 2021 at 07:59hrs | 17 | by Staff reporter
Challenged world is alert and from challenge comes change
As we celebrate the 2021 International Women's Day (IWD) under the theme #ChooseToChallenge, and focus on inclusion and diversity, we reflect on the representation of women in the banking industry....Published: 05 Mar 2021 at 06:38hrs | 1 | by Sibongile Moyo
US$250m bond for Harare Beitbridge road
An infrastructure bond issue for US$250 million will be floated to finance the rehabilitation and new construction of the 584km Harare-Masvingo-Beitbridge highway from the flyover replacing Mbudzi rou...Published: 02 Mar 2021 at 06:30hrs | 1 | by Staff reporter
60% of Bulawayo companies close shop
THE labour movement, consumer rights groups, small enterprises and informal traders have lamented the continuous collapse of Bulawayo industries amid revelations that up to 60% of companies have close...Published: 19 Feb 2021 at 07:04hrs | 147 | by Staff reporter
Hwange residents, Hwange Local Board fight over stands
HWANGE residents have filed an application at the Hwange Magistrates Court seeking to bar Hwange Local Board (HLB) from allowing certain classes of people to construct houses on their stands while oth...Published: 04 Jan 2021 at 07:29hrs | 9 | by Staff reporter
Bulawayo unveils new 4-year master plan
THE City of Bulawayo Tuesday unveiled an ambitious four-year Master Plan which is expected to transform the country's second largest local authority to a smart city by 2024.Speaking at the unv...Published: 09 Dec 2020 at 05:47hrs | 2 | by Staff reporter
Govt to centralise control of State firms
THE Government will adopt a centralised ownership model for State-owned enterprises (SOEs) to eliminate inconsistencies in governance and ministerial interferences, Finance and Economic Development Mi...Published: 27 Nov 2020 at 06:54hrs | 2 | by Staff reporter
Mnangagwa govt promises 200 000 new houses by 2023
At least 200 000 new houses will be constructed by 2023, while apartments that are unfit for human habitation will be rebuilt and informal settlements revamped as part of a raft of measures to overhau...Published: 20 Sep 2020 at 07:40hrs | 2 | by Staff Reporter
Govt floats $60m Treasury Bills
GOVERNMENT has floated Treasury Bills (TBs) valued at ZWL$60 million, the second auction in a month geared towards financing various programmes.In a communique yesterday, the Reserve Bank of Z...Published: 20 Aug 2019 at 08:00hrs | 8 | by Staff Reporter
5 contractors for Harare-Chirundu dualisation
GOVERNMENT has completed the selection process of five contractors to undertake the Harare-Chirundu highway rehabilitation and its subsequent dualisation, with road surveys already under way.T...Published: 18 Aug 2019 at 09:35hrs | 1 | by Staff reporter
RBZ seeks to raise $30m
THE Reserve Bank of Zimbabwe (RBZ) is seeking to raise $30 million through a public auction of Treasury Bills (TBs) to finance government programmes.This is the first public Treasury Bill sale...Published: 01 Aug 2019 at 21:58hrs | 2 | by Staff reporter
Former MDC MPs appointed ZACC commissioners
President Emmerson Mnangagwa swore-in eight commissioners of the Zimbabwe Anti-Corruption Commission on Monday, among them a retired army major and two former opposition MPs.Mnangagwa recently...Published: 15 Jul 2019 at 14:28hrs | 19 | by ZimLive
Gweru's Gwenoro Dam at 18% capacity
GWERU'S main water source, Gwenoro Dam is now at 18% capacity, with city fathers expressing concern that the Midlands capital could face an unprecedented water crisis if urgent solutions for alternati...Published: 05 Jul 2019 at 08:15hrs | 8 | by Staff reporter
Mthuli Ncube announces key appointments at four parastatals
Finance and Economic Development Minister, Professor Mthuli Ncube has announced key appointments at four parastatals falling under his portfolio.The Minister announced the appointment of new b...Published: 23 Jun 2019 at 11:03hrs | 12 | by Staff Reporter
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