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Zimbabwe govt brokers EU power deals as blackouts unsettle economy
The Zimbabwean government is actively facilitating partnerships between local independent power producers (IPPs) and European Union (EU) investors to secure much-needed funding for critical energy pro...Published: 16 hrs ago | 336 | 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: 17 hrs ago | 66 | by Staff reporter
How can MPs protect Zimbabweans from exploitation when they themselves are shielded?
It's a tragedy when those meant to represent you no longer do. The recent enactment of a law compelling Zimbabwean motorists to first purchase a ZBC car radio licence before they are allowed t...Published: 29 May 2025 at 20:29hrs | 255 | by Tendai Ruben Mbofana
Cash-hoarding cripples Zimbabwe banking sector
Zimbabwe's banking sector is under immense strain due to a severe liquidity crisis, with billions of dollars being hoarded outside the formal financial system by wealthy individuals. This alarming dev...Published: 29 May 2025 at 13:18hrs | 660 | by Staff reporter
'Zimbabwe could unlock US$9bn from retaken land'
The outgoing president of the African Development Bank (AfDB), Akinwumi Adesina, has revealed that Zimbabwe could unlock up to US$9 billion from land seized during the 2001 fast-track land reform prog...Published: 29 May 2025 at 10:24hrs | 207 | by Staff reporter
Zimbabwe's new politics of fraud
IN Zimbabwe, politics is no longer just the art of the possible.It has become the science of the scam.From boreholes to buses, roads to resettlement deeds, today's governance is not me...Published: 29 May 2025 at 10:23hrs | 451 | by Staff reporter
Zimbabwe sees $2.6bn bridge finance in place by early 2026
Zimbabwe anticipates securing $2.6 billion in bridge financing by the first quarter of next year, a crucial step needed to repay debt owed to international financial institutions and regain access to ...Published: 28 May 2025 at 10:51hrs | 113 | by Staff reporter
Female cop up for ivory possession
A female police officer stationed at the Zimbabwe Republic Police (ZRP) Chinhoyi Central has appeared in the Harare Magistrates' Court facing charges of illegal possession of ivory. Gilda Chaziva, 38,...Published: 26 May 2025 at 08:16hrs | 70 | by Staff reporter
Zimbabwe missing out on mega EU loans - loans have to be paid back
Zimbabwe is missing out on crucial loans from Europe's largest financial institutions, including the European Investment Bank (EIB), due to its unsustainable debt burden, the European Union's ambassad...Published: 26 May 2025 at 08:16hrs | 45 | 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 | 106 | by Staff reporter
Tagwirei to lead Masvingo land tenure forum
Chairperson of the Land Tenure System Implementation Committee, Kudakwashe Tagwirei, is set to headline a pivotal land tenure forum at Masvingo Polytechnic College this Friday, as the government steps...Published: 26 May 2025 at 07:59hrs | 47 | 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 | 386 | by Jacob Kudzayi Mutisi
Is trap money enough? Questioning the over-reliance on sting operations in corruption cases
We need to be very careful when dealing with corruption. In the pursuit of a corruption-free Zimbabwe, it is imperative that we not only strengthen the tools used to hold public officials acco...Published: 24 May 2025 at 22:59hrs | 495 | by Tendai Ruben Mbofana
Mnangagwa's new land tenure system touted as key to wealth creation
Zimbabwe's new land tenure system is being hailed as a game-changer for economic transformation and wealth creation, with calls for citizens — especially the youth - to seize the opportunities it pr...Published: 24 May 2025 at 09:03hrs | 107 | by Staff reporter
Zimbabwe govt moves to break Tongaat Hulett's monopoly
The Zimbabwean government has announced plans to introduce new players into the sugarcane milling industry to break the monopoly held by Tongaat Hulett Zimbabwe, a move aimed at boosting competition, ...Published: 22 May 2025 at 12:07hrs | 886 | by Staff reporter
Seed firms crippled by Zimbabwe govt debt
Zimbabwe's seed industry is teetering on the edge of collapse as the government grapples with ballooning debt, having failed to pay seed suppliers nearly US$270 million over the past three farming sea...Published: 22 May 2025 at 11:36hrs | 219 | by Staff reporter
Treasury launches last-ditch push to stabilise Zimbabwe economy
Zimbabwe's Treasury has embarked on a last-ditch effort to stabilise the country's fragile economy, amid growing fears that policy inconsistency, inflation, and currency volatility could derail indust...Published: 22 May 2025 at 11:33hrs | 605 | by Staff reporter
EU urges Zimbabwe firms to come up with bankable projects
The European Union (EU) ambassador to Zimbabwe, Jobst von Kirchmann, has called on local businesses to develop bankable projects to attract investment funding, as the EU recently secured over US$100 m...Published: 22 May 2025 at 09:40hrs | 88 | by Staff reporter
Mnangagwa's son grilled over US$200m seed debt
Finance and Investment Promotion Deputy Minister David Mnangagwa has come under fire in Parliament after it emerged that the Government owes Valley Seeds Private Limited nearly US$200 million for agri...Published: 19 May 2025 at 13:58hrs | 1763 | by Staff reporter
Man jailed for stealing girlfriend's car to secure loans
A 23-year-old man, Abel Chitsvare, will spend the next two years behind bars after he was convicted of stealing and using his girlfriend's car as collateral to secure loans without her consent....Published: 17 May 2025 at 12:23hrs | 141 | by Staff reporter
Botswana gets $304 million AfDB loan
The African Development Bank (AfDB) has approved a $304 million loan to Botswana as the country grapples with rising fiscal pressures and seeks to implement crucial governance and economic reforms. Th...Published: 16 May 2025 at 17:29hrs | 450 | by Staff reporter
FBC blames tight policy for choking transaction volumes
Financial services giant FBC Bank has attributed a sharp decline in transaction volumes to the Reserve Bank of Zimbabwe's (RBZ) continued tight monetary policy, which it says has squeezed liquidity an...Published: 16 May 2025 at 09:50hrs | 71 | by Staff reporter
Zimbabwe emerges as hotspot for scalable fintech solutions
Zimbabwe is rapidly positioning itself as a fertile ground for scalable Financial Technology (fintech) innovations, with leading local financial institutions at the forefront of this transformation. B...Published: 15 May 2025 at 09:23hrs | 290 | by Staff reporter
Battle over new NSSA boss intensifies
The fight to appoint a new general manager for Zimbabwe's US$1.2 billion National Social Security Authority (NSSA) has descended into a chaotic and politically charged standoff, marked by corruption a...Published: 14 May 2025 at 15:35hrs | 1282 | by Staff reporter
UK closure of care work visa to hit Zimbabweans hard
The United Kingdom's decision to permanently shut down its care worker visa route has sent shockwaves across Zimbabwe, where the scheme had offered thousands a much-needed escape from economic hardshi...Published: 13 May 2025 at 16:33hrs | 9495 | by Staff reporter
Roman Catholic priest in court for fraud
Plumtree - A Roman Catholic priest based at Embakwe Mission, Qinisela Wilfred Moyo, has been arraigned before the courts for allegedly generating a fake donation letter to fraudulently secure duty-fre...Published: 13 May 2025 at 14:44hrs | 1034 | by Simbarashe Sithole
Govt approves motorbikes for rural district councillors
The Ministry of Local Government and Public Works has authorized rural district councils (RDCs) to acquire motorbikes for their councillors as part of a broader government initiative to improve servic...Published: 13 May 2025 at 10:25hrs | 148 | by Staff reporter
Why Zimbabweans should worry about our relationship with Belarus
How is it that Zimbabwe consistently chooses to engage with questionable figures?President Emmerson Mnangagwa is in Minsk for a working visit, marking his third trip to Belarus since assuming ...Published: 12 May 2025 at 19:32hrs | 705 | by Tendai Ruben Mbofana
EU scraps duty on Zimbabwe exports
In a landmark development for Zimbabwe's trade ambitions, European Union Ambassador to Zimbabwe, Jobst Von Kirchmann, announced that Zimbabwean companies can now export any product to the EU duty-free...Published: 28 Apr 2025 at 12:12hrs | 315 | by Staff reporter
Money transfer agency teller in US$4,700 and ZAR600 theft
A teller employed by Zimsend, trading as Hello Paisa, has been sentenced to community service after being convicted of stealing US$4,705 and ZAR600 from her employer.Christwish Machamacha (47)...Published: 28 Apr 2025 at 12:04hrs | 32 | by Staff reporter
Mutapa clarifies Kuvimba's US$1,9 billion acquisition
The Government of Zimbabwe has provided clarity on the funding structure used for its acquisition of a 35 percent stake in Kuvimba Mining House (KHM), the country's largest mining asset, by the Mutapa...Published: 25 Apr 2025 at 07:40hrs | 378 | by Staff reporter
Scottland FC's dream debut turns into a nightmare
What started as a fairytale debut season for Premier Soccer League (PSL) newcomers Scottland FC is rapidly descending into a cautionary tale, with internal turmoil, player unrest, and contract controv...Published: 25 Apr 2025 at 07:33hrs | 430 | by Staff reporter
Duty free access into EU for Zimbabwe exports
The European Union (EU) has reaffirmed its commitment to boosting foreign direct investment (FDI) and offering duty-free access to European markets for Zimbabwean products, EU Ambassador to Zimbabwe, ...Published: 25 Apr 2025 at 07:29hrs | 140 | by Staff reporter
AfDB says Zimbabwe seeks $2.6bn in bridge finance to overhaul debt
The African Development Bank said Zimbabwe has proposed seeking $2.6 billion in bridge finance to help it clear arrears owed to international financial institutions as it attempts to break a debt impa...Published: 24 Apr 2025 at 21:18hrs | 130 | by Staff reporter
White and black farmers still bear the scars of Zimbabwe's land grabs
Guy Watson-Smith felt hurt and betrayed when his 5,000-hectare (12,355-acre) farm in Beatrice, in Zimbabwe's Mashonaland East province, was violently invaded by three armed men in the early 2000s....Published: 24 Apr 2025 at 07:49hrs | 803 | by Farai Matiashe, Al Jazeera
IMF, World Bank urged to back Zimbabwe economic recovery efforts
Former Mozambican President Dr Joaquim Chissano and African Development Bank (AfDB) President Dr Akinwumi Adesina have called on the International Monetary Fund (IMF) and the World Bank to support Zim...Published: 23 Apr 2025 at 08:29hrs | 135 | by Staff reporter
Fresh US$100m gold scandal rocks treasury as top Zanu-PF ally implicated
A major financial scandal has erupted at Zimbabwe's Finance Ministry, exposing what appears to be a fraudulent US$100 million payout to a shadowy company linked to a top Zanu-PF gold dealer, Pedzisayi...Published: 22 Apr 2025 at 08:29hrs | 6502 | by Staff reporter
Bulawayo ranks second in GDP contribution
Bulawayo Metropolitan Province has cemented its position as Zimbabwe's second-largest contributor to the national gross domestic product (GDP), following closely behind Harare. This development was re...Published: 22 Apr 2025 at 07:37hrs | 1347 | by Staff reporter
George Guvamatanga gave company 'illegal' bank guarantee on $20 million loan
Treasury secretary George Guvamatanga has been accused of providing an "illegal and unconstitutional" bank guarantee for a US$20 million loan to a seed company linked to command agriculture corruption...Published: 17 Apr 2025 at 20:32hrs | 6601 | by Staff reporter
Zimbabwe govt urged to address Bulawayo de-industrialisation
Former Speaker of Parliament, Lovemore Moyo, has urged the Zimbabwean government to urgently address the ongoing de-industrialisation of Bulawayo, warning that the city's transformation from an indust...Published: 17 Apr 2025 at 09:01hrs | 367 | by Staff reporter
Legendary 'Laqhasha' has died
Don Mlangeni Nawa has died.A statement shared by the Nawa family on his social pages revealed the veteran actor died on Wednesday but did not disclose the cause of his death. "He was t...Published: 17 Apr 2025 at 07:38hrs | 1149 | by Staff reporter
Parliament petitioned over privatisation of Harare water
The Community Water Alliance (CWA) and the Matabeleland Institute for Human Rights (MIHR) have called on Parliament to intervene and halt the Zimbabwean government's plans to privatise water services ...Published: 14 Apr 2025 at 09:19hrs | 400 | by Staff reporter
Banks smile all the way to the bank, while depositors bear cost of high fees
Shareholders in Zimbabwe's banking sector are enjoying robust returns on their investments, as banks continue to post strong profits and declare sizeable dividends. However, concerns are mounting amon...Published: 13 Apr 2025 at 09:46hrs | 635 | by Staff reporter
Fake ID scam exposed at Bulawayo's Tredgold building
A fake national identity document scam operating from within the Civil Registry Department's Tredgold Building in Bulawayo has been uncovered, implicating an employee of a private company contracted b...Published: 13 Apr 2025 at 09:40hrs | 2525 | by Staff reporter
Public uproar over Zimbabwe MPs' upmarket stands
The Ministry of Local Government has issued a statement defending members of Parliament (MPs) accused of being part of a controversial land grab scheme that could see them receive between 300sqm and 1...Published: 13 Apr 2025 at 09:36hrs | 156 | by Staff reporter
UK-based Zimbabwean landlady, tenant in nasty fallout
A UK-based Zimbabwean woman has issued a 14-day ultimatum to her tenant in Harare to pay US$3,850 in rental arrears and vacate the property following a heated dispute. The property in question is loca...Published: 12 Apr 2025 at 13:06hrs | 244 | by Staff reporter
Zimbabwe MPs get upmarket stands
A number of Members of Parliament (MPs), including those from opposition parties, are set to receive prime residential stands in the affluent Borrowdale district, just two years after being granted US...Published: 12 Apr 2025 at 09:15hrs | 100 | by Staff reporter
Mozambique's President to open ZITF
Mozambican President Daniel Chapo will officially open the 65th edition of the Zimbabwe International Trade Fair (ZITF), set to run from April 21 to 26 in Bulawayo, with this year's event attracting a...Published: 10 Apr 2025 at 09:18hrs | 129 | by Staff reporter
Over 1,000 national youth service graduates offered govt jobs
The Zimbabwean government has confirmed that over a thousand graduates from the controversial National Youth Service programme are set to be absorbed into public institutions, sparking fresh debate ov...Published: 09 Apr 2025 at 22:02hrs | 400 | by Staff reporter
Zimbabwe farmers displaced by new city compensated
The Zimbabwean Government has initiated the compensation process for over 300 farmers whose land was repossessed for the development of the new city in Mt Hampden, with five farmers already receiving ...Published: 06 Apr 2025 at 11:33hrs | 1004 | by Staff reporter
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