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Zimbabwe, United Kingdom trade up 67%
Trade between Zimbabwe and Britain surged by 67 percent to over US$800 million in 2023 compared to 2022, according to UK deputy ambassador to Zimbabwe, Dr. Joanne Abbot. Speaking at the launch...Published: 19 hrs ago | 98 | by Staff reporter
Mashonisa kills three family members
On Sunday evening in Ivory Park near Midrand, a well-known loan shark, or mashonisa, allegedly entered a family's home, shot them dead, and fled. The victims were 16-year-old Tshepang Mong...Published: 25 Jul 2024 at 13:33hrs | 2179 | by Staff reporter
Bulawayo Chiefs cautious about facing Bosso
Bulawayo Chiefs head coach, Thulani "Thuts" Sibanda, is cautious about facing Highlanders in their derby match at Barbourfields Stadium. The Chiefs, known as Amakhosi Amahle, have recently lost key pl...Published: 21 Jul 2024 at 10:24hrs | 161 | by Staff reporter
Matebeleland South records 30% livestock deaths
Thirty percent of households in Matebeleland South reported livestock deaths this year due to the El NiƱo dry weather phenomenon, making it the hardest-hit province in Zimbabwe. The dry spell has sev...Published: 21 Jul 2024 at 10:22hrs | 163 | by Staff reporter
Zimbabwe moves to boost power supply
The Zimbabwean government has taken steps to address the country's severe power shortages by signing consultancy contracts aimed at supporting independent power producers (IPPs). These efforts are par...Published: 18 Jul 2024 at 06:42hrs | 292 | by Staff reporter
Zimbabwe diaspora remittances up 17%
In the first quarter of the year, diaspora remittances to Zimbabwe surged by 17%, reaching US$490 million compared to US$420 million during the same period in 2023. This increase in remittances is see...Published: 18 Jul 2024 at 06:41hrs | 159 | by Staff reporter
Tsholotsho school unveils new bus
Tsholotsho High School, located in Matabeleland North and known as the "school of choice," has commissioned a new 72-seater bus to boost student morale during sports and educational tours. The bus was...Published: 15 Jul 2024 at 16:40hrs | 1043 | by Staff reporter
Stanbic Bank named national winners for supporting Micro, SMEs in Zimbabwe
Leading financial services institution, Stanbic Bank has been named National Winner for supporting micro, small to medium enterprises in Zimbabwe by the Zimbabwe National Chamber of Commerce (ZNCC)....Published: 12 Jul 2024 at 10:35hrs | 47 | by Staff Reporter
Buyanga back in the news, implicated in US$500 000 fraud
In a significant legal case in Harare, Martin Murimirambewa and Shakespear Karuwa, both lawyers, have been implicated in a US$500,000 fraud scandal involving businessman Frank Buyanga. The cas...Published: 12 Jul 2024 at 09:13hrs | 14 | by Staff reporter
Bambazonke lawyers in court over US$500K fraud
Two Harare lawyers, Martin Murimirambewa (53) of Mapaya and Partners, and Shakespear Karuwa (55) of Karuwa and Associates, appeared in court on fraud charges involving US$500,000. They were released o...Published: 12 Jul 2024 at 08:09hrs | 13 | by Staff reporter
Why Zimbabwe should break free from the US dollar's grip
Government Up Close"Normalcy is that a country must have its own currency," President Mnangagwa is on record highlighting this fact.Some people have argued that one of the gravest fina...Published: 11 Jul 2024 at 14:10hrs | 59 | by Nick Mangwana
Zimbabwe linked teen signs for Norwich City
Norwich City have completed the signing of Zimbabwean defender Lucien Mahovo on a two-year-contract.Mahovo moved to the English Championship club from League Two side Notts County for an undis...Published: 11 Jul 2024 at 09:00hrs | 20 | by Staff reporter
Debunking mischief about Tagwirei, Sakunda
There has been a sustained casting of aspersions over the success of businessman Mr Kudakwashe Tagwirei, whom I will simply call Kuda, from anti-Zimbabwe media and activists both locally and outside t...Published: 10 Jul 2024 at 16:49hrs | 5 | by Rutendo Bereza Matinyarare
Mhindirira FC Platinum bound?
FC Platinum coach Norman Mapeza is reportedly keen on signing a midfielder, with an official announcement expected soon. Despite social media claims of a completed deal, FC Platinum communications off...Published: 10 Jul 2024 at 07:45hrs | 1 | by Staff reporter
USAid's creating its informal banking system in Zimbabwe?
Communities in Chiredzi district are benefiting from an informal banking system facilitated by the USAid-funded Savings and Internal Lending Committees (SILC) project, operated under the Resilient Anc...Published: 09 Jul 2024 at 05:54hrs | 4 | by Staff reporter
Zimbabwean man wants his R1.6 million lobola back
SOUTH Africa-based businessman, Shepherd Chipatiko, is demanding back the R1,6 million (about US$91 000), he splashed on lobola and marriage celebrations, from his ex-wife after their short-lived marr...Published: 08 Jul 2024 at 11:20hrs | 10 | by Staff reporter
Vehicle scandal rocks Harare Town House
Harare City Council (HCC) is embroiled in a scandal involving the purchase of luxury vehicles worth over half a million dollars. According to NewsDay sources, 10 Grade Four officials acquired ...Published: 08 Jul 2024 at 11:05hrs | 3 | by Staff reporter
Highlanders to raid Chiefs' camp
Highlanders are leading the race to sign Never Rauzhi from Bulawayo Chiefs during the mid-season transfer window, with Simba Bhora also showing interest. The window, open until July 31, sees Highlande...Published: 07 Jul 2024 at 10:38hrs | 2 | by Staff reporter
Land developer up for fraud
Directors of Full Life Open Arms Africa (Private) Limited Andrew Chegutu and Godknows Nelson Mandaza have been taken to court for allegedly defrauding Chiredzi Town Council and Chiredzi Rural Council ...Published: 06 Jul 2024 at 11:44hrs | | by Staff reporter
Fancy cars for Zimbabwe's recently appointed Judges
The new High Court judges President Emmerson Mnangagwa appointed two weeks ago have just received new Land Rover Discovery cars.On 12 June, President Mnangagwa appointed former magistrates Fai...Published: 25 Jun 2024 at 13:17hrs | 3 | by Staff reporter
Tackling Zimbabwe's property price surge
The Zimbabwean property market is facing significant challenges, marked by skyrocketing property prices that seem incongruous when compared to those in neighbouring South Africa.These challeng...Published: 24 Jun 2024 at 10:13hrs | 2 | by Dr Bekithemba Mpofu
US$450 million to repower Hwange Units 1-6
The Zimbabwe Power Company (ZPC) has secured a US$50 million loan to initiate the repowering of Hwange Power Station Units 1 to 6, aiming to boost the nation's power generation capacity. This move is ...Published: 23 Jun 2024 at 10:27hrs | | by Staff reporter
How Highlanders let a gem slip through their fingers
Published by Sunday News on June 18, 2023, this story chronicles the remarkable rise of Daniel Msendami from a promising young talent at Highlanders Football Club to a sought-after player across the A...Published: 21 Jun 2024 at 11:10hrs | | by Staff reporter
Fidelity Gold Refinery gold supply zero-rating policy shows promise
The zero-rating of gold deliveries to Fidelity Gold Refinery (FGR) has started bearing fruits as the local currency, the Zimbabwe Gold (ZiG) continues to strengthen while gold miners have been allevia...Published: 18 Jun 2024 at 17:17hrs | 9 | by Tonderai Ndoro
'Sugar daddies' preying on university, college students in Zimbabwe
Legislators in Zimbabwe have raised concerns over the vulnerability of female university and college students to exploitation by older men, commonly known as "sugar daddies," due to economic hardships...Published: 17 Jun 2024 at 09:10hrs | 1 | by Staff reporter
Mutapa Fund facilitates US$431m loan for NRZ
The Mutapa Investment Fund (MIF) is facilitating a US$431 million loan from Afreximbank to support the National Railways of Zimbabwe (NRZ) in its infrastructural rehabilitation efforts. This developme...Published: 17 Jun 2024 at 09:00hrs | | by Staff reporter
Zesa seeks to settle loans in ZiG
Zesa Holdings is implementing cost-containment measures to drive revenue and pay off its significant loans. With successful expansion projects at Kariba Hydro Power Station and Hwange's units 7 and 8,...Published: 13 Jun 2024 at 06:51hrs | | by Staff reporter
Microfinance sector dumps local currency
In the first quarter of 2024, the United States dollar loan portfolio in Zimbabwe's microfinance sector surged by nearly 8% to reach US$48.63 million, up from US$45.1 million in the previous quarter. ...Published: 12 Jun 2024 at 06:43hrs | 8 | by Staff reporter
Zimbabwe's BRICS Membership: A giant step towards economic Independence
Zimbabwe's pursuit of membership in the BRICS economic bloc is a strategic move that aligns with the country's efforts to diversify its international partnerships, revitalize its economy, and reduce i...Published: 10 Jun 2024 at 13:54hrs | 1 | by Tonderai Ndoro
'Western war hawks want Ukraine's resources'
Western countries want Kiev to achieve victory in the conflict with Russia, because it would give them the opportunity to "acquire and divide" Ukraine's wealth, Hungarian Prime Minister Viktor Orban h...Published: 10 Jun 2024 at 09:04hrs | | by Staff reporter
Court forces man to support offspring
In a recent case in Harare, a woman named Cathrine Tawenga obtained a garnish order against her ex-partner, Kudzanai Kapeperi, who had allegedly stopped paying child maintenance since January. ...Published: 09 Jun 2024 at 09:13hrs | | by Staff reporter
Zinara on course to clearing DBSA debt
The Zimbabwe National Road Administration (Zinara) has made significant progress in reducing its US$200 million debt with the Development Bank of South Africa (DBSA), now owing US$59 million. Zinara b...Published: 04 Jun 2024 at 11:54hrs | | by Staff reporter
Nigerian billionaire Zimbabwe deals falter amid capital problems
WITH the help of Zimbabwean authorities who supported him amass platinum, gold, lithium, iron ore, tin and some rare earth mineral concessions, it first appeared like he was going far.At some poin...Published: 28 May 2024 at 12:46hrs | | by Staff reporter
Khama Billiat could lose his SA house
Former Kaizer Chiefs striker Khama Billiat is facing a legal tussle with the owners of his house in Midrand who want to evict the soccer star's close relatives who decided on the premises due to the f...Published: 22 May 2024 at 11:17hrs | 29 | by Staff reporter
Zimbabwe load-shedding will not exceed stage-1 during winter season
ZIMBABWEANS can expect significantly limited load-shedding this winter season owing to considerably improved national grid stability that followed the commissioning of new generation units at Hwange T...Published: 20 May 2024 at 08:42hrs | 1 | by Staff reporter
Zimbabwe govt must support ZiG currency through raft of solid measures
THE Reserve Bank of Zimbabwe (RBZ) has been urged to implement a raft of measures, including fiscal discipline, public consultation and policy consistency, if the newly introduced Zimbabwe Gold (ZiG) ...Published: 19 May 2024 at 11:55hrs | | by Staff reporter
Remittances and FDI: Harmonizing Zimbabwe's economic strategies for sustainable growth
Zimbabwe's economy stands at a critical juncture, grappling with deep-seated challenges such as systemic unemployment, volatile currency fluctuations, and an uncertain business climate. Within this pr...Published: 18 May 2024 at 15:27hrs | 2 | by Dr Bekithemba Mpofu
Council boss blows thousands on bling
Chiredzi Council, which is struggling to deliver standard services to its 300 000plus residents, is in the eye of a storm following revelations that the local authority could be pampering its executiv...Published: 16 Apr 2024 at 17:56hrs | 14 | by Staff reporter
Ministry of SMEs holds the key to Zimbabwe's Growth
The Monetary Policy statement and other documents indicate that Micro, Small, and Medium Enterprises (MSMEs) contribute a significant 60% to Zimbabwe's gross domestic product (GDP). This news highligh...Published: 13 Apr 2024 at 17:37hrs | 2 | by Mandla Ndlovu
Mnangagwa's govt splashes on luxury cars for MPs
THE government has started the process of buying top-of-the-range cars for legislators at a time Zimbabwe is looking for donations from humanitarian agencies to feed millions of people that are facing...Published: 07 Apr 2024 at 10:34hrs | | by Staff reporter
Zimbabwe currency crisis: Time to face the truth
THERE is, of course, no such thing as "a shortage of foreign currency".In open and disciplined markets, all that such a claim reflects is an over-valued local currency, whose managers resist t...Published: 07 Apr 2024 at 10:26hrs | | by Obert Nyandoro
The Zimbabwe currency crisis as seen from abroad!
AS we go to press, US financial news media has become aware of the Zimbabwe financial crisis.Bloomberg news agency and the Financial Times have reported authoritatively on the events surroundi...Published: 07 Apr 2024 at 10:25hrs | 2 | by Kenneth Mafuka
RBZ scraps bank charges for low-cost accounts
IN a move meant to encourage a culture of banking, the Reserve Bank of Zimbabwe (RBZ) has announced the scrapping of bank charges for low-cost accounts.Presenting his first Monetary Policy Sta...Published: 07 Apr 2024 at 10:06hrs | | by Staff reporter
Strategic Analysis of Zimbabwe's Monetary Policy and Its Implications on the Real Estate Sector
Introduction The Reserve Bank of Zimbabwe unveiled a new monetary policy aimed at stabilizing the country's currency and economy. The policy focuses on ...Published: 07 Apr 2024 at 09:17hrs | | by Dr Bekithemba Mpofu
Stockfeed subsidies for drought-hit livestock farmers
THE Government has stepped in to save the country's livestock situation with a coterie of urgent intervention measures aimed at bailing out farmers from losing their animals for a song to unscrupulous...Published: 31 Mar 2024 at 16:44hrs | | by Staff reporter
US$15 for five bales of tobacco, a smallholder tobacco farmer's tale
Smallholder tobacco farmers are reeling under the yoke of high-interest loans, amid shocking revelations one of the farmers received a pay-out of US$15 after selling five bales of tobacco at the contr...Published: 27 Mar 2024 at 08:49hrs | 5 | by Erick Matotoba
Officers in darkness as police fail to pay Zesa connection fees
AT least eight police officers including a police superintendent are living in the darkness because their employer has not paid electricity connection fees at their allocated pool houses within the mu...Published: 25 Mar 2024 at 05:32hrs | | by Staff reporter
Enos Nkala's property detroyed
THE widow of the late veteran nationalist and National Hero, Enos Nkala, has been left in shock after a tenant who was occupying the family's business premises at Mbalabala along the Bulawayo-Beitbrid...Published: 24 Mar 2024 at 14:57hrs | | by Staff reporter
A Tale of Corporate Fraud, the contrasting Cases of South Africa and Zimbabwe
Corporate fraud has plagued both South Africa and Zimbabwe, with high-profile cases shedding light on the flaws in their respective financial systems. Thi...Published: 23 Mar 2024 at 07:10hrs | | by Jacob Kudzayi Mutisi
FML bosses fleece policyholders
FIRST Mutual Life Assurance (FML) managers set up an employee mortgage scheme and an employee staff loan scheme without the knowledge of the board, resulting in policyholders being prejudiced of more ...Published: 21 Mar 2024 at 19:45hrs | | by Staff reporter
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