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Mthuli Ncube warns Ministries over 'procurement chaos'
Finance Minister Professor Mthuli Ncube has issued a stern warning to government ministries over unchecked procurement practices, describing over-contracting as a "bleeding wound" on the Treasury that...Published: 14 Aug 2025 at 15:25hrs | 346 | by Staff reporter
Zimbabwe allocates US$25 million to compensate civil servants
The Zimbabwean government has earmarked US$25 million to compensate civil servants for pension losses incurred before 2009 due to the country's period of hyperinflation. This move follows recommendati...Published: 11 Aug 2025 at 09:08hrs | 564 | by Staff reporter
Zimbabwe needs US$10 billion to fix power crisis
Zimbabwe will require up to US$10 billion in energy sector investment over the next decade to meet rising electricity demand and address chronic power shortages, according to a new report by Veritas, ...Published: 10 Aug 2025 at 10:15hrs | 128 | by Staff reporter
Zimbabwe races to implement IMF-backed reforms
Zimbabwe is racing to implement wide-ranging fiscal and monetary reforms agreed with the International Monetary Fund (IMF), as the country seeks to exit its long-standing debt crisis, rebuild trust wi...Published: 07 Aug 2025 at 17:16hrs | 459 | by Staff reporter
Zimbabwe, China seal US$55m technical cooperation agreement
President Emmerson Mnangagwa on Wednesday presided over the signing of a US$55 million Economic and Technical Cooperation Agreement between Zimbabwe and China, in a move set to boost the country's dev...Published: 07 Aug 2025 at 09:22hrs | 240 | by Staff reporter
Zida launches eRegulations portal
The Zimbabwe Investment Development Agency (Zida) has launched a new digital platform, the eRegulations portal, aimed at reducing bureaucratic red tape and enhancing the quality and ease of doing busi...Published: 07 Aug 2025 at 09:12hrs | 43 | by Staff reporter
Zimbabwe revises upwards agric sector growth to 21.1%
The government has sharply revised upwards its projected growth for the agricultural sector to 21.1% in 2025, up from an earlier forecast of 12.8%, largely due to the positive impact of the La Niña w...Published: 07 Aug 2025 at 08:58hrs | 65 | by Staff reporter
Cabinet approves agric sector taxes, permits review
Cabinet has approved a comprehensive review of licences, permits, levies and fees in the agriculture sector, with reforms specifically targeting the livestock, dairy farming and stockfeeds sub-sectors...Published: 06 Aug 2025 at 09:05hrs | 187 | by Staff reporter
Mnangagwa's office blows 81% of budget in 6 months
President Emmerson Mnangagwa's Office had already spent 81 percent of its 2025 budget by the halfway mark of the year, while the Ministry of Transport and Infrastructural Development exceeded its full...Published: 05 Aug 2025 at 12:19hrs | 484 | by Staff reporter
Zimbabwe flight traffic falls 42%
Zimbabwe recorded a sharp 42% decline in flight traffic in the first quarter of 2025, with the number of flights falling to 11 376 from 19 588 in the previous quarter, according to the latest data...Published: 04 Aug 2025 at 08:43hrs | 265 | by Staff reporter
Zimbabwe raises US$25.4 million from sugar tax
Zimbabwe has raised ZiG685.8 million, equivalent to approximately US$25.4 million, from the sugar content tax between January and May 2025, with the funds earmarked for the procurement of critical can...Published: 03 Aug 2025 at 18:56hrs | 184 | by Staff reporter
Zimbabwe's tourism sector declined in early 2025
Zimbabwe's tourism sector has experienced a significant downturn in the first quarter of 2025, with both receipts and investment sharply declining as global travel demand weakens and domestic economic...Published: 02 Aug 2025 at 10:17hrs | 90 | by Staff reporter
Zimbabwe's budget falls short of Abuja health target funding
Zimbabwe's 2025 Mid-Year Budget Review has again revealed the country's continued failure to meet the Abuja Declaration commitment of allocating at least 15% of the national budget to health, despite ...Published: 01 Aug 2025 at 13:42hrs | 207 | by Staff reporter
National Sports Stadium renovations lag
Government is scrambling to complete renovations at the National Sports Stadium amid fears that Zimbabwe's senior men's national football team could once again be forced to play their remaining 2026 W...Published: 01 Aug 2025 at 10:11hrs | 347 | by Staff reporter
Zimbabwe on track for 6% growth
Zimbabwe is on track to achieve a forecasted 6% economic growth in 2025 helped by good agricultural output and strong commodity prices, Finance Minister Mthuli Ncube said on Thursday.The South...Published: 01 Aug 2025 at 10:00hrs | 263 | by Staff reporter
Mthuli Ncube admits economy chaos
The government has admitted that companies in Zimbabwe often make more money operating outside the law than when complying with regulations, in a rare acknowledgement of a system that punishes honesty...Published: 01 Aug 2025 at 09:12hrs | 630 | by Staff reporter
Mthuli Ncube commits to easing business costs
Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, delivered the 2025 Mid Term Budget Review Statement on Thursday, affirming Zimbabwe's economic recovery whil...Published: 01 Aug 2025 at 08:43hrs | 162 | by Staff reporter
Zimbabwe's rebasing pushes GDP to US$45,7bn
The government's recent rebasing of Zimbabwe's economy has lifted its gross domestic product (GDP) valuation to US$45,7 billion and gross national income (GNI) per capita above US$3 000 - even as ...Published: 01 Aug 2025 at 08:27hrs | 278 | by Staff reporter
Zimbabwe govt mulls fresh taxes
Finance Minister Mthuli Ncube yesterday unveiled plans to impose new taxes, despite growing resistance from businesses and taxpayers who argue that Zimbabwe's current tax burden is already suffocating...Published: 01 Aug 2025 at 08:02hrs | 383 | by Staff reporter
Mthuli Ncube declares surplus despite only 35% of budget spent
Finance and Economic Development Minister Mthuli Ncube on Thursday declared a budget surplus of ZWG3.3 billion for the first half of 2025, despite revealing that just 35.5% of the approved National Bu...Published: 31 Jul 2025 at 15:46hrs | 266 | by Staff reporter
Biti demands judicial inquiry into Trabablas Interchange project
Former Finance Minister Tendai Biti has called for a forensic audit and the establishment of a judicial commission of inquiry into the staggering US$114 million cost of the newly commissioned Trababla...Published: 30 Jul 2025 at 18:18hrs | 617 | by Staff reporter
Cash flow constraints hamper devolution funding
Finance Minister Professor Mthuli Ncube has attributed the government's failure to meet the constitutionally mandated five percent allocation of national revenue towards devolution to cash flow constr...Published: 29 Jul 2025 at 18:29hrs | 162 | by Staff reporter
Mthuli Ncube promises major cuts within 2 weeks
Finance and Economic Development Minister Professor Mthuli Ncube has pledged sweeping policy reforms within the next two weeks aimed at boosting the viability of small-scale businesses across Zimbabwe...Published: 27 Jul 2025 at 20:59hrs | 1483 | by Staff reporter
Govt increases BEAM disbursements to ease pressure on rural schools
The Zimbabwean government has doubled monthly disbursements under the Basic Education Assistance Module (BEAM) from ZiG200 million to ZiG400 million, in a move aimed at clearing arrears and easing mou...Published: 26 Jul 2025 at 11:28hrs | 145 | by Staff reporter
Govt workers stage a flash protest at Mthuli Ncube's office
Civil servants staged a flash protest yesterday at the New Government Complex before marching to the offices of the Ministry of Finance, Economic Development and Investment Promotion in Harare, pressi...Published: 15 Jul 2025 at 08:20hrs | 695 | by Staff reporter
Zimbabwe adopts multi-pronged strategy to manage debt
Zimbabwe is pursuing a multi-faceted approach to address its US$21 billion debt obligations, with the government considering leveraging the country's abundant natural resource...Published: 14 Jul 2025 at 07:47hrs | 242 | by Staff reporter
Extra US$26m splashed on Trabablas raises stink
Finance Minister Mthuli Ncube was grilled by legislators over concerns of excessive expenditure on the Trabablas Interchange project in Harare, with questions raised about the total cost and sources o...Published: 13 Jul 2025 at 11:13hrs | 41 | by Staff reporter
Trabablas Interchange scandal deepens
The cost of constructing the controversial Trabablas Traffic Interchange in Harare has surged to US$114 million, sparking a storm in Parliament amid growing concerns over fiscal transparency and poten...Published: 10 Jul 2025 at 21:10hrs | 1301 | by Staff reporter
Trabablas Interchange cost US$114.3 million, not US$88m
Finance Minister Mthuli Ncube has revealed that the cost of the recently completed Trabablas Interchange in Harare was significantly higher than previously reported, confirming the total expenditure a...Published: 10 Jul 2025 at 12:40hrs | 440 | by Staff reporter
Zimbabwe now 5th largest economy in Sadc
Zimbabwe has become the fifth-largest economy in Southern Africa following a major upward revision of its Gross Domestic Product (GDP), reflecting the inclusion of previously unrecorded economic activ...Published: 10 Jul 2025 at 08:58hrs | 313 | by Staff reporter
Tagwirei's risky play in Zimbabwe's Game of Thrones
Business tycoon Kudakwashe Tagwirei's dramatic ejection from Zanu-PF's 126th Ordinary Session of the Central Committee has thrown a harsh spotlight on the formidable political headwinds he faces as he...Published: 09 Jul 2025 at 07:57hrs | 709 | by Staff reporter
Zimbabwe hopes to service external debt
Zimbabwe, locked out of international capital markets since defaulting in 1999, expects its stronger economy to help it pay back external creditors, without saying when this would begin.Financ...Published: 09 Jul 2025 at 07:48hrs | 85 | by Staff reporter
Here's who won Zimbabwe govt's biggest road tenders
The Ministry of Transport handed out millions of dollars' worth of contracts for roadworks in the first quarter of the year. Here are some of the biggest winners.Top of the pile? Fossil...Published: 04 Jul 2025 at 14:30hrs | 27424 | by Staff reporter
'Where are the cancer machines?' asks Khupe
Opposition Member of Parliament Thokozani Khupe has demanded a full disclosure from Finance Minister Mthuli Ncube on how proceeds from the sugar tax are being utilised in the fight against cancer, ami...Published: 26 Jun 2025 at 09:02hrs | 164 | by Staff reporter
Zimra surpasses revenue target by 10%
The Zimbabwe Revenue Authority (Zimra) has exceeded its 2024 revenue collection target by 10.26%, raking in ZWG116.47 billion against a projected ZWG105.63 billion, according to its latest annual repo...Published: 25 Jun 2025 at 14:33hrs | 114 | by Staff reporter
Zimbabwe's Health Ministry details use of sugar tax revenue
The Ministry of Health and Child Care has broken its silence on the use of sugar tax revenues, providing an official account of funds received from the Treasury and how they have been allocated toward...Published: 22 Jun 2025 at 09:12hrs | 105 | by Staff reporter
Mthuli Ncube under pressure to ease tax burden
Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube is facing mounting pressure from business leaders and economists to overhaul Zimbabwe's tax regime, with demands ...Published: 19 Jun 2025 at 11:24hrs | 1282 | by Staff reporter
GMB expands grain collection points
The Government has cautioned farmers against selling their maize and other grains to unscrupulous private buyers offering instant cash at prices far below the official rate, warning that such transact...Published: 13 Jun 2025 at 06:22hrs | 152 | by Staff reporter
US warns Zimbabwe trade talks could collapse
The United States has cautioned that Zimbabwe's efforts to secure reduced tariffs on its exports face significant risks due to tight negotiation timelines, even as a temporary reprieve has been grante...Published: 12 Jun 2025 at 19:01hrs | 326 | by Staff reporter
IMF wants Zimbabwe's gold-backed ZiG to become sole currency
The International Monetary Fund (IMF) has expressed support for the full adoption of Zimbabwe's new currency, the Zimbabwe Gold (ZiG), as the country pushes to secure a staff-monitored program (SMP) t...Published: 11 Jun 2025 at 09:05hrs | 1158 | by Staff reporter
US denies Trump aid cuts are affecting Zimbabwe's HIV treatment
The United States government has rejected allegations that its recent aid reductions are jeopardising Zimbabwe's access to Antiretroviral Therapy (ART) and other essential humanitarian and health prog...Published: 10 Jun 2025 at 08:39hrs | 177 | by Staff reporter
UK Minister jets into Zimbabwe for King Charles' birthday
United Kingdom Minister for Africa, Lord Collins, is expected in Harare this week where he will lead the early celebrations of King Charles III's 75th birthday on Wednesday, June 11.Although t...Published: 09 Jun 2025 at 08:31hrs | 482 | by Staff reporter
Zimbabwe to slash regulatory fees for beef, dairy and food processing sectors
The Government will soon gazette a revised schedule of regulatory fees for three key agricultural sub-sectors - beef, dairy and food processing - in a move designed to enhance the competitiveness of l...Published: 08 Jun 2025 at 11:55hrs | 135 | by Staff reporter
Silent jobs massacre sweeps through Zimbabwe
A silent but brutal jobs massacre is sweeping across Zimbabwe's construction industry, as companies contracted by the government for key infrastructure projects plunge into financial turmoil due to ch...Published: 06 Jun 2025 at 12:04hrs | 263 | by Staff reporter
Zimbabwe deploys drones along Mozambique border
The Zimbabwean government has intensified efforts to clamp down on smuggling along the country's porous eastern border with Mozambique through the full-scale deployment of drone surveillance technolog...Published: 06 Jun 2025 at 09:44hrs | 861 | by Staff reporter
IMF kicks off crucial talks in Zimbabwe
A high-level delegation from the International Monetary Fund (IMF) has begun formal meetings with Zimbabwean authorities, launching a critical mission to assess the country's reform trajectory under t...Published: 05 Jun 2025 at 11:33hrs | 603 | by Staff reporter
Zimbabwe cabinet approves Road Accident Fund Bill
The Zimbabwean Cabinet has approved the principles of the Road Accident Fund Bill, a landmark legislative step aimed at improving emergency treatment, medical care, and funeral assistance for road tra...Published: 04 Jun 2025 at 09:32hrs | 702 | by Staff reporter
Trabablas immortalised?
Yesterday, President Emmerson Mnangagwa officially inaugurated the Trabablas Interchange, a flagship US$88 million infrastructure project designed to transform north-south traffic flow in Harare by re...Published: 31 May 2025 at 14:05hrs | 1864 | by Staff reporter
Cement importer takes Mthuli Ncube to court
Leading cement importer Augutich Investments (PVT) LTD has taken Finance Minister Mthuli Ncube to the High Court, accusing him of unlawfully imposing a 30% surtax on cement imports covered under the C...Published: 31 May 2025 at 14:01hrs | 443 | by Staff reporter
Zimbabwe turns to sugar, fast foods, and booze for revenue
Zimbabwe's Treasury is relying heavily on taxes imposed on sugar, fast food, and alcoholic beverages to recoup hundreds of millions of dollars lost following sharp cuts in official development assista...Published: 28 May 2025 at 11:02hrs | 421 | by `
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