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Zimbabwe govt under fire over TBs mismanagement
The Zimbabwean government is facing renewed criticism over its handling of Treasury Bills (TBs), amid allegations of corruption, regulatory manipulation, and financial mismanagement that have raised a...Published: 01 Jul 2025 at 08:16hrs | 503 | by Staff reporter
India backs Zimbabwe's UN Security Council seat bid
India has officially endorsed Zimbabwe's bid for a non-permanent seat on the United Nations Security Council (UNSC) for the 2027 to 2028 term, bolstering Harare's campaign for enhanced global re...Published: 28 Jun 2025 at 14:46hrs | 42 | by Staff reporter
Steward Bank records 18% surge in US dollar deposits
Steward Bank has reported an 18% year-on-year increase in US dollar deposits, along with a boost in profitability, in a development seen as a strong vote of confidence in the bank's evolving strategy ...Published: 30 May 2025 at 12:10hrs | 90 | by Staff reporter
RBZ blames liquidity crunch on hoarding of US dollars
The Reserve Bank of Zimbabwe (RBZ) has attributed the ongoing liquidity crunch in the economy to the hoarding of United States dollars, dismissing claims that the shortage is linked to limited supply ...Published: 26 May 2025 at 08:15hrs | 110 | by Staff reporter
Zimbabwe targets 2030 to clear US$21 billion debt
Zimbabwe has set an ambitious 2030 deadline to clear its ballooning US$21 billion public debt, in a bid to create the foundations for a stable mono-currency regime anchored by the Zimbabwe Gold (ZiG) ...Published: 19 May 2025 at 09:21hrs | 126 | by Staff reporter
NMBZ finalises US$70m external credit lines
Zimbabwe Stock Exchange-listed financial services group NMBZ Holdings is on the verge of securing external lines of credit worth over US$70 million, as part of its broader strategy to unlock US$100 mi...Published: 19 May 2025 at 09:19hrs | 84 | by Staff reporter
CABS renews US$40m facility to support the Zimbabwe economy
The Central Africa Building Society (CABS), a member of Old Mutual Zimbabwe, has reaffirmed its commitment to driving economic development and social impact across Zimbabwe, following the release of i...Published: 21 Apr 2025 at 09:03hrs | 274 | by Staff reporter
NMBZ turns to Rabobank for agric financing
NMBZ Holdings Limited, a leading financial services group, has announced a strategic partnership with Rabobank, a Dutch multinational specializing in banking and financial services, to implement an en...Published: 19 Nov 2024 at 08:49hrs | 235 | by Staff reporter
NRZ struggles amid sanctions, as revival efforts falter
In its prime, the National Railways of Zimbabwe (NRZ) was the backbone of the nation's transport system, transporting passengers across the country and facilitating the movement of goods beyond Z...Published: 19 Oct 2024 at 12:07hrs | 157 | by Staff reporter
Harare pledges to finally fix (some of) its pothole-ridden roads
IN Zimbabwe's capital of Harare, potholed roads have become a symbol of more than 20 years of national decline and neglect of public services.Motorists must weave down roads and often encroach...Published: 11 Mar 2024 at 11:30hrs | 9 | by Staff reporter
Mnangagwa regime doing the work of US sanctions in Zimbabwe!
My own views on this sanctions issue have always been that we needed to prove these measures were the cause of our suffering. I have never denied that there have been targeted sanctions impose...Published: 06 Mar 2024 at 23:01hrs | 6 | by Tendai Ruben Mbofana
'23 years of sanctions embolden Zimbabwe'
ZIMBABWE'S story is that of resilience, innovation, people-centred policies and the undying resolve to defeat illegal Western sanctions that have continued to pound the country for over 23 years....Published: 14 Feb 2024 at 04:39hrs | 1 | by Staff reporter
Zimbabwe: African Development Bank approves $25 million trade finance line of credit for Central Africa Building Society
The Board of Directors of the African Development Bank Group (www.AfDB.org/en) has approved a $25 million trade finance line of credit facility to the Central Africa Building Society of Zimbabwe, to b...Published: 20 Dec 2023 at 22:34hrs | 49 | by APO
Stanbic named 2023 bank of the year by the banker
Harare, 12 December 2023 - Stanbic Bank has been selected 2023 Bank of the Year in Zimbabwe by world renown London-based magazine, The Banker, cementing its place as one of the country's leading finan...Published: 13 Dec 2023 at 09:24hrs | 26 | by Stephen Jakes
Flawed elections can never be a 'closed chapter'!
Let me make this abundantly clear from the onset.There is no way a flawed electoral process can simply pass by and be forgotten without its severe repercussions haunting the nation for a very ...Published: 20 Nov 2023 at 09:43hrs | | by Tendai Ruben Mbofana
SADC, AU denounce Western imposed sanctions on Zimbabwe
The African Union (AU) and the Southern African Development Community (SADC) have both lent their voices to the call for the unconditional removal of Western-imposed sanctions on Zimbabwe. Thousands o...Published: 26 Oct 2023 at 06:24hrs | 2 | by Staff reporter
EU, US sanctions hit Zimbabwe's agric sector hard
Since the final stage of the Cold War, the use of sanctions as a "soft approach" in international diplomacy gained pre-eminence among states that seek to influence the perception and behaviour of othe...Published: 02 Oct 2023 at 06:19hrs | 3 | by Livingstone Kazizi
Mnangagwa re-engagement plan in danger
This week, political analysts and prominent economists cautioned that President Emmerson Mnangagwa's efforts to re-engage with the international community could be jeopardized by several unfavorable r...Published: 30 Sep 2023 at 18:35hrs | 3 | by Staff reporter
Zimbabwe to clear its foreign debt by the end of 2025
ZIMBABWEAN Finance Minister Mthuli Ncube says Harare will do all it can to clear its foreign debt by December 2025 to open fresh lines of credit that would help in revamping the floundering economy....Published: 07 Aug 2023 at 06:36hrs | 3 | by Staff reporter
'Sanctions have made Zimbabwe to be more innovative,' says Mnangagwa
THE level of development and economic transformation achieved in the last five years without access to global lines of credit is an indication that Zimbabwe under the Second Republic is effectively de...Published: 04 Aug 2023 at 06:46hrs | 14 | by Staff reporter
Zinara takes the blame for poor state of Victoria Falls road
ZIMBABWE National Road Administration (Zinara) chief executive officer, Mr Nkosinathi Ncube, yesterday apologised to stakeholders over the dilapidated state of the Bulawayo-Victoria Falls Highway, whi...Published: 21 Jul 2023 at 06:32hrs | 2 | by Staff reporter
Exodus continues as Zimbabwean economy lies in ruins ahead of elections
Soaring inflation and collapsing ‘bond notes' are forcing more and more qualified people and professionals to flee the country.Zimbabwe's poor economic performance and depreciation of the su...Published: 03 Jul 2023 at 07:02hrs | 11 | by Staff reporter
Why Mnangagwa blocked Mthuli Ncube's export tax
PRESIDENT Emmerson Mnangagwa recently blocked Finance minister Mthuli Ncube's 10% tax on mining exports to pay arrears on the country's debt overhang - which makes it difficult for the government to b...Published: 02 Jul 2023 at 17:27hrs | 23 | by Staff reporter
Mnangagwa commissions Chivhu Dam
IN SPITE of the evil machinations of the country's detractors who are fighting Zanu-PF through asymmetrical warfare, the ruling party continues to deliver on its promises and today President Mnangagwa...Published: 15 Jun 2023 at 06:41hrs | 2 | by Staff reporter
Mnangagwa reads riot act on prices
PRESIDENT Mnangagwa yesterday read the riot act on businesses that are working behind the scenes with vested foreign countries to hike prices to make the people suffer and turn against the Zanu-PF-led...Published: 10 Jun 2023 at 17:45hrs | 1 | by Staff reporter
Sanctions eroding value of Zimdollar
The depreciation of the Zimbabwe dollar is partly due to illegal economic sanctions imposed on the country by Western countries, the African Development Bank (AfDB) said in its African Economic Outloo...Published: 29 May 2023 at 06:30hrs | 1 | by Staff reporter
'Zimbabwe debt resolution will open funding floodgates'
THE successful conclusion of discussions on Zimbabwe's arrears clearance and debt resolution will lay a firm foundation for the lifting of economic sanctions and help to unlock fresh and affordable ex...Published: 21 May 2023 at 08:02hrs | 3 | by Staff reporter
Mthuli Ncube rules out ditching Zimdollar
Zimbabwe plans to keep its local currency as legal tender, even as the US dollar is now the unit of choice for most transactions in the economy.The extensive use of US dollars doesn't concern ...Published: 22 Apr 2023 at 19:08hrs | 1 | by Staff reporter
Zimbabwe mulls joining Russia, China under BRICS
Zimbabwe says it is considering joining BRICS, a move authorities hope would allow the economically distressed country to forge alliances and open more trade corridors with a global bloc comprising Ru...Published: 14 Apr 2023 at 07:50hrs | | by Staff reporter
New housing deal for civil servants
GOVERNMENT is partnering the private sector to provide housing stands to civil servants through a system whereby it sells land to property developers at discounted rates and then it is given 10 percen...Published: 10 Apr 2023 at 07:27hrs | 3 | by Staff reporter
Old Mutual deploys US$108 million worth of loans in Zimbabwe
Zimbabwe's largest financial services group, Old Mutual Zimbabwe, has deployed US$108m loans to different sectors of the economy.The deployment was done by the group's banking unit, CABS, CEO ...Published: 08 Apr 2023 at 18:36hrs | 15 | by Staff reporter
Is Hwange Unit 7 another huge big scam and con job?
Is it just me, or has everyone else also noticed that, ever since Hwange Unit 7 Thermal Power Station came online, two days ago, load shedding has strangely increased?Excuse me for my ignoranc...Published: 22 Mar 2023 at 07:16hrs | 1 | by Tendai Ruben Mbofana
Zimbabwe to compensate white former farmers over 10 years instead of 20
Zimbabwe will compensate white farmers, whose land was taken, over 10 years instead of the 20 announced three years ago, finance minister Mthuli Ncube said on Thursday, adding that the money would be ...Published: 25 Feb 2023 at 07:51hrs | 1 | by Staff reporter
Mnangagwa says Zimbabwe govt committed to tackle debt arrears
Zimbabwe President Emmerson Mnangagwa on Thursday said his administration is committed to clearing external debt arrears which have prevented the country from accessing fresh capital from global finan...Published: 24 Feb 2023 at 07:43hrs | 1 | by Staff reporter
Zimbabwe gold deliveries to hit 40 tonnes
STATE-owned gold buyer, Fidelity Gold Refinery (FGR) is bullish on hitting a 40-tonne gold delivery target in 2023 buoyed by new gold mining projects coming into production as well as continuous polic...Published: 03 Feb 2023 at 19:11hrs | 1 | by Staff reporter
Reserve Bank slashes lending rates, increases forex retention
THE Reserve Bank of Zimbabwe (RBZ) has trimmed its bank policy rate to 150 percent from 200 percent per annum and increased foreign currency retention thresholds for exporters on domestic sales while ...Published: 02 Feb 2023 at 22:58hrs | 54 | by Staff Reporter
RBZ takes charge of in-kind mining royalties
THE Reserve Bank of Zimbabwe (RBZ) will assume responsibility for collecting, holding, and managing reserve assets from the 50 percent in-kind mining royalties in line with the latest regulations whil...Published: 26 Jan 2023 at 07:32hrs | 2 | by Staff reporter
FNB of South Africa plus 4 other investors vie for Standard Chartered Bank Zimbabwe?
THE proposed takeover of Standard Chartered Bank Zimbabwe (StanChart), the country's oldest financial institution, has moved a gear up after five prospective investors including local and regional ent...Published: 21 Jan 2023 at 11:25hrs | 20 | by Staff reporter
Sanctions choking Zimbabwe: Myth or reality?
"African politics is dogged by crises of legitimacy, monetised politics and corruption, personalised leadership, and lastly the sit-tight syndrome" notes the African Exponent. During an electoral seas...Published: 14 Jan 2023 at 16:33hrs | 1 | by Zvikomborero Sibanda
Zimbabwe unlikely to benefit from US$55 billion Africa injection
ALTHOUGH the United States government promised US$55 billion investment into Africa over the next three years at the US-Africa summit that ended this week, Zimbabwe is unlikely to benefit much because...Published: 21 Dec 2022 at 20:08hrs | 1 | by Staff reporter
‘Startups with diverse founders up-skilled on how to attract investors’
A Venture capital workshop was organized by the US Embassy in partnership with Eight2Five Innovation Hub. The hub has consistently moved towards supportin...Published: 09 Dec 2022 at 16:08hrs | 12 | by Simbarashe Sithole
Zimbabwean parliamentary delegation calls on India
NEW DELHI, India - A Parliamentary Delegation from Zimbabwe led by Speaker of the Parliament of Zimbabwe, Advocate Jacob Francis Nzwidamilimo Mudenda, cal...Published: 07 Dec 2022 at 18:56hrs | 9 | by APO
Old Mutual-backed tech hub trains start-ups on venture capital
Old Mutual Zimbabwe's corporate incubator and accelerator in Harare, Eight2Five Innovation Hub has collaborated with the US Embassy to bring a US Venture Capital expert, Dawn Batts to upskill local en...Published: 30 Nov 2022 at 17:44hrs | 11 | by Simbarashe Sithole
EU turns to Zanu-PF as prospects of opposition govt fades
A FEW years ago relations between Zimbabwe and the Western world were at the lowest ebb but now a new chapter has been opened, thanks to President Mnangagwa's policies espoused by re-engagement and en...Published: 30 Nov 2022 at 05:32hrs | | by Staff reporter
Mthuli Ncube skating on thin ice
THE $4,5 trillion 2023 national budget presented by Finance minister Mthuli Ncube on Thursday has set tongues wagging.Firstly, $4,5 trillion is way above the $3,9 trillion projected revenue fo...Published: 28 Nov 2022 at 04:57hrs | 1 | by Staff reporter
Mnangagwa invites African finance houses for talks
ZIMBABWE is ready to tap into available financial services provided by the Africa Export and Import Bank (Afreximbank) and the African Development Bank (AfDB) to bolster its industrial transformation ...Published: 28 Nov 2022 at 04:54hrs | 1 | by Staff reporter
'Sanctions have opened Zimbabweans' eyes'
ILLEGAL economic sanctions imposed on Zimbabwe by the West have taught the country to be self-reliant as seen by the hiring of local companies to carry out various infrastructure development projects ...Published: 07 Nov 2022 at 05:23hrs | 1 | by Staff reporter
Sadc dismisses targeted sanctions claim
SADC chairperson and President of the Democratic Republic of Congo, Felix Tshisekedi, has reiterated calls for the removal of illegal sanctions imposed on Zimbabwe by some Western countries saying the...Published: 26 Oct 2022 at 05:51hrs | | by Staff reporter
Pastors4ED call for sanctions removal
As Zimbabwe and the region commemorate the SADC Anti-Sanctions Day today, Pastors for Economic Development (Pastors4ED) have added their voices in calling for the immediate and unconditional lifting o...Published: 25 Oct 2022 at 06:01hrs | 3 | by Staff reporter
Zimra to intensify revenue collection
THE Zimbabwe Revenue Authority (Zimra) is intensifying domestic resource mobilisation to guarantee the availability of adequate financial resources required to fund critical Government programmes....Published: 17 Oct 2022 at 06:05hrs | 3 | by Staff reporter
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