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Time Bank offers war vets US$3,5bn
TIME Bank has offered a US$3.5 billion compensation package to Zimbabwe's liberation war veterans as part of its broader US$38 billion loan proposal to the government. This development follows signifi...Published: 14 Dec 2024 at 12:33hrs | 388 | by Staff reporter
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 | 80 | by Staff reporter
No progress on Bulawayo-Nkayi Road
The long-awaited rehabilitation of the Bulawayo-Nkayi Road is moving at a slow pace, with DIFFLOCK Construction, the newly-appointed contractor, already establishing its base and advancing the project...Published: 10 Dec 2024 at 06:48hrs | 293 | by Staff reporter
'Loan shark' seizes vehicle over US$60 debt
Isaac Matinyarare, an alleged illegal money lender from Chiredzi, is accused of forcibly confiscating a silver Nissan Sulphy Bluebird from Phillip Mafuta over a disputed US$60 debt. Mafuta told The Mi...Published: 06 Dec 2024 at 13:07hrs | 312 | by Staff reporter
Zimbabwe's Banking Sector and No Arrests Years Down the Line
United Merchant Bank (UMB) - Closed in 1998 due to insider loans and mismanagement.Universal Merchant Bank (UMB) - Closed in 2003 struggled with negative perceptions after UMB's collapse....Published: 05 Dec 2024 at 20:15hrs | 296 | by Engineer Jacob Kudzayi Mutisi
Zimbabwe's banking sector and no arrests years down the line
United Merchant Bank (UMB) - Closed in 1998 due to insider loans and mismanagement.Universal Merchant Bank (UMB) - Closed in 2003 struggled with negative perceptions after UMB's collapse....Published: 05 Dec 2024 at 09:07hrs | 606 | by Eng. Jacob Kudzayi Mutisi
Ramaphosa reshuffles his cabinet
President Cyril Ramaphosa has reshuffled his cabinet, moving the embattled minister of justice and constitutional development Thembi Simelane to the human settlements portfolio.There has been ...Published: 04 Dec 2024 at 06:58hrs | 1109 | by Staff reporter
Upgrade of Hwange thermal station's old units begins
Officials from India's Jindal Steel and Power Company are finalising contracts and assessments for a major refurbishment of six aging generation units at the Hwange Thermal Power Station. The ambitiou...Published: 01 Dec 2024 at 08:49hrs | 124 | by Staff reporter
How Zimbabwe's ruling elite fund their luxuries at the expense of ordinary citizens
They live a tax-free lifestyle, do not pay duty to import vehicles and yet they introduce a new tax every year to fund their luxurious lifestyle. In Zimbabwe, the stark contrast between the lifestyles...Published: 29 Nov 2024 at 12:38hrs | 820 | by Jacob Kudzayi Mutisi
Businesswoman seeks protection & eviction orders against husband
A prominent Bulawayo businesswoman, Pamela Mwapaura, has taken legal action against her husband, Kwame Mwemba, seeking a protection and eviction order following a series of incidents involving assault...Published: 29 Nov 2024 at 07:09hrs | 317 | by Staff reporter
AC Milan reportedly monitoring Zimbabwe's Jordan Zemura
Italian Serie A powerhouse AC Milan is reportedly eyeing Zimbabwean defender Jordan Zemura as a potential addition to their squad. Zemura, currently playing for Udinese in the Italian top-flight, has ...Published: 27 Nov 2024 at 06:46hrs | 439 | by Staff reporter
US wants Zimbabwe to double down on reforms
The United States is urging the Zimbabwe government to double down on reforms aimed at returning the country to the prosperity it once enjoyed.Speaking to reporters in Harare on Monday, Pamela...Published: 26 Nov 2024 at 08:20hrs | 942 | by Staff reporter
Delma Lupepe faces eviction by Obert Mpofu
Once a flamboyant businessman in Bulawayo, Delma Lupepe is now embroiled in a legal battle after allegedly refusing to vacate a rented residential property in Burnside despite owing US$20,000 in unpai...Published: 24 Nov 2024 at 13:12hrs | 2840 | by Staff reporter
Zimbabwe's new land tenure system to tighten agricultural land ownership
Zimbabwe is crafting a new land tenure system that will require Government approval for selling or transferring agricultural land, aiming to enhance the bankability of titles and secure broader owners...Published: 24 Nov 2024 at 10:03hrs | 220 | by Staff reporter
Revenue woes cripple Harare
The Harare City Council has collected only 40 percent of its targeted revenue for the first nine months of 2024, severely hampering its ability to deliver essential services. The council raised ZiG2.0...Published: 24 Nov 2024 at 09:57hrs | 163 | by Staff reporter
Zimbabwe banking sector strengthens amid declining non-performing loans
The Reserve Bank of Zimbabwe (RBZ) has reported a significant improvement in the country's banking sector credit risk landscape, marked by a decrease in the ratio of non-performing loans (NPLs) to tot...Published: 24 Nov 2024 at 09:55hrs | 76 | by Staff reporter
Bosso duo go Scott free
Newly-promoted Northern Region Division One side Scottland FC is making a big splash in the transfer market as they embark on a squad overhaul ahead of a possible debut in the Premier Soccer League (P...Published: 22 Nov 2024 at 08:17hrs | 657 | by Staff reporter
Mnangagwa gets Commonwealth leaders support in bid to rejoin bloc
PRESIDENT Emmerson Mnangagwa's efforts to get Zimbabwe back into the Commonwealth are being backed by the grouping's secretary general, Patricia Scotland, who believes he has done enough to warrant a ...Published: 21 Nov 2024 at 06:38hrs | 613 | by Staff reporter
EcoCash Holdings posts strong profit growth in half-year results
EcoCash Holdings Zimbabwe Limited has posted impressive results for the half-year ending August 31, 2024, highlighting the resilience of its business model and the effectiveness of its strategic initi...Published: 21 Nov 2024 at 06:21hrs | 33 | by Staff reporter
Paid an arm and leg for Hwange Unit 7 & 8 and yet they not generating - Chinese demanding head in a silver platter!
ZESA's explanation of reduced generation from Hwange Thermal Power Station especially due to repeated Units 7 and 8 did not make any sense at all. The two units costing US$ 1.4 billion were commission...Published: 20 Nov 2024 at 21:17hrs | 2642 | by Wilbert Mukori
Replace unsafe Honda Fits with Kombis
Stakeholders within Zimbabwe's transport sector are advocating for the government to implement a budgetary support scheme aimed at encouraging small operators to exchange their unsafe, unregistered ta...Published: 20 Nov 2024 at 06:51hrs | 368 | by Staff reporter
Jere fuels rumors of Shandirwa, Yadah FC debunks them
Yadah Football Club has issued a public statement dispelling rumors surrounding the future of their player Tanaka Shandirwa, following viral social media images suggesting he had joined Caps United....Published: 19 Nov 2024 at 14:34hrs | 450 | 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 | 219 | by Staff reporter
Dynamos faces financial troubles
Dynamos Football Club is on the verge of a mass exodus of senior players at the end of the current season, with a number of key figures set to leave the team after a challenging campaign.The G...Published: 12 Nov 2024 at 11:11hrs | 1061 | by Staff reporter
Fired BancABC managers threaten to wash 'dirty linen' in public
A bitter and escalating dispute between dismissed BancABC managers and the bank's leadership is threatening to destabilize one of Zimbabwe's leading financial institutions. The conflict, which involve...Published: 10 Nov 2024 at 11:04hrs | 1486 | by Staff reporter
Trump election win plunges Ukraine war into uncertainty
Ukrainian President Volodymyr Zelenskiy heaped praise on Donald Trump on Wednesday, as apparent victory for the Republican candidate who has criticised U.S. backing for Kyiv plunged the future of its ...Published: 06 Nov 2024 at 14:51hrs | 840 | by Staff reporter
White teachers at Pretoria High School don't greet black colleagues
A recent investigation commissioned by the Gauteng Education Department has uncovered discriminatory practices at Pretoria High School for Girls, where some white teachers reportedly fail to greet the...Published: 04 Nov 2024 at 11:36hrs | 2011 | by Staff reporter
Hackers gain access to financial information for a large number of South Africans
Attackers claiming to be from N4ughtySec, a cyber extortion gang that took responsibility for an attack on TransUnion in March 2022, have said that they have infiltrated most of South Africa's banks....Published: 03 Nov 2024 at 12:46hrs | 929 | by Staff reporter
Hwange's Unit 7 reconnected, boosting Zimbabwe's power capacity
In a significant boost to Zimbabwe's electricity generation, Hwange Thermal Power Station's Unit 7 was reconnected to the national grid on Friday, adding an additional 300 megawatts (MW) to the countr...Published: 03 Nov 2024 at 10:04hrs | 212 | by Staff reporter
Normal to above-normal rainfall still expected in ZImbabwe
Zimbabwe's Meteorological Services Department (MSD) has reaffirmed its forecast for normal to above-normal rainfall during this year's summer cropping season, despite reports suggesting a potential we...Published: 03 Nov 2024 at 10:03hrs | 325 | by Staff reporter
Manager in court over ghost workers
Tinashe Madzima, a human resources manager at Livetouch Investments Private Limited, appeared in court on Tuesday facing fraud charges after allegedly creating fictitious employee accounts to defraud ...Published: 31 Oct 2024 at 06:50hrs | 667 | by Staff reporter
Willowgate linked minister in another scandal involving 'stolen' millions
The High Court has mandated Public Service, Labour and Social Welfare Minister July Moyo and Higher and Tertiary Education Minister Fredrick Shava, who is linked to the Willowgate motor scandal, to re...Published: 30 Oct 2024 at 07:56hrs | 703 | by Staff reporter
Reasons why South Africans treat the 13 digit ID number like a qualification
South Africa's green ID book has been used as the country's main identity document for 44 years, during which time it has only received a handful of minor security upgrades. Blacks only started using ...Published: 29 Oct 2024 at 14:20hrs | 1623 | by Staff reporter
Mnangagwa's govt in soup over unsanctioned US$500m 'loan'
A local citizen, Marvelous Khumalo, has taken the Zimbabwean government to court, demanding the repayment of over half a billion United States dollars allegedly misappropriated through unauthorized bo...Published: 29 Oct 2024 at 07:44hrs | 1115 | by Staff reporter
Businesswoman fights off loan shark
A Harare businesswoman has approached the Norton Magistrates Court for an interdict against a loan shark, alleging harassment and intimidation linked to a loan she secured last year.Fungai Gol...Published: 29 Oct 2024 at 07:41hrs | 475 | by Staff reporter
Bad debtor attempts to murder money lender
A 24-year-old man from Matura Compound in Chinhoyi has been sentenced to three years in jail for attempted murder after a violent altercation with a neighbor over an unpaid loan. Byron Kachimanga was ...Published: 24 Oct 2024 at 07:55hrs | 305 | by Staff reporter
The real story behind Britain's withdrawal from Zimbabwe's land reform: Exposing corruption and mismanagement
AS SOUTHERN Africa approaches another 'SADC Anti-Sanctions Day,' the Zimbabwean government is once again amplifying the narrative that economic sanctions, particularly from Western countries like the ...Published: 23 Oct 2024 at 20:37hrs | 855 | by Tendai Ruben Mbofana
Zimbabweans slam US Embassy for downplaying impact of sanctions
Zimbabweans and international supporters have expressed outrage over the US Embassy's recent claims regarding the effects of sanctions on the country, demanding that the "illegal coercive measures" be...Published: 21 Oct 2024 at 14:16hrs | 583 | by Staff reporter
Ex-top Zimbabwe govt official accused of grabbing farm equipment
Former diplomat and ex-permanent secretary Joey Bimha is embroiled in a legal dispute concerning allegations of improperly seizing farming equipment from his former business partner, Sebastian Hugh Zi...Published: 20 Oct 2024 at 14:14hrs | 4435 | by Staff reporter
Mnangagwa headlines Anti-Sanctions Day commemorations
Zimbabwe will commemorate the fifth anniversary of the Southern African Development Community (SADC) Anti-Sanctions Day on Friday, with President Emmerson Mnangagwa, as the chairperson of the regional...Published: 20 Oct 2024 at 12:16hrs | 80 | 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 | 139 | by Staff reporter
Zimbabwe's resilience: A nation's ability to overcome economic challenges, from sanctions to currency instability
For over two decades, Zimbabwe has been a nation under siege. Economic sanctions, imposed primarily by the United States and its Western allies, have crippled the country's economy, creating one of th...Published: 18 Oct 2024 at 11:56hrs | 156 | by Michael Badze
Zimbabwe paying Ian Smith regime debt used for fighting liberators
Zimbabwe has been burdened with a staggering $700 million debt incurred during the Ian Smith regime, primarily used for purchasing weapons to suppress liberation efforts, according to researcher and A...Published: 18 Oct 2024 at 10:25hrs | 913 | by Staff reporter
Zanu-PF gold baron refutes owing US$3m in gold deliveries, threatens
Zanu-PF's Insiza North Member of Parliament, Farai Taruvinga, a well-known gold magnate in Matabeleland South, is embroiled in a legal battle with gold buyer Shasha Richard Gomez over an unpaid gold d...Published: 17 Oct 2024 at 17:12hrs | 3929 | by Staff reporter
Of all the don'ts, send Mnangagwa begging UNGA for US$5.8b food aid for SADC; he's eyeing 'pound of flesh' cut for himself
Of all the SADC leaders to be begging for food aid on behalf of SADC, Emmerson Mnangagwa would be the last leader anyone would choose to do it!"President Emmerson Mnangagwa has taken the...Published: 17 Oct 2024 at 12:38hrs | 721 | by Wilbert Mukori
Zanu-PF MP lives luxury lifestyle, fails to pay debts
Despite his ongoing development of a US$5 million rural shopping complex at Skuta Business Centre along the Bulawayo-Masvingo highway in Filabusi, Zanu PF Insiza North MP Farai Taruvinga is facing leg...Published: 15 Oct 2024 at 09:18hrs | 2988 | by Staff reporter
Matebeleland South tops in diaspora remittances
Matebeleland South province has emerged as the top region in Zimbabwe for households receiving remittances or gifts from abroad, primarily due to a significant number of its youth migrating to South A...Published: 14 Oct 2024 at 08:52hrs | 708 | by Staff reporter
Evasive Zanu-PF's crook MP sued by chief election agent
Zanu-PF legislator for Chipinge Central, Raymond Machingura, has been sued by his chief election agent after failing to reimburse over US$1,400 in cash, plus a Nissan NP300 bakkie, as payment for elec...Published: 11 Oct 2024 at 20:19hrs | 1256 | by Gideon Madzikatidze/Simbarashe in Chipinge
Zimbabwe's new land tenure policy is unconstitutional and invalid
A few days ago, the government of Zimbabwe announced some major changes to its land tenure laws.According to information minister Jenfan Muswere, "All land held by beneficiaries of the Land Re...Published: 11 Oct 2024 at 08:30hrs | 881 | by Tendai Ruben Mbofana
'Zimbabwe's new land laws biggest heist'
Former Cabinet minister Walter Mzembi has raised concerns over a possible land grab by Zimbabwe's elite following the government's announcement of a new model that allows for land acquired under the l...Published: 10 Oct 2024 at 07:50hrs | 1237 | by Staff reporter
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