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Smuggling takes toll on Zimbabwe economy
A sharp increase in smuggling and unregulated imports is intensifying illicit financial flows (IFFs) in Zimbabwe, severely undermining the country's formal retail sector. Authorities have recently pro...Published: 16 May 2025 at 10:41hrs | 399 | by `
Fidelity Gold Refinery invites bids for gold collection centre construction
Fidelity Gold Refinery (FGR), a wholly owned subsidiary of the Mutapa Investment Fund, has issued a tender for the construction of gold collection centres as part of efforts to improve accessibility a...Published: 23 Mar 2025 at 08:08hrs | 223 | by Staff reporter
ZiG monthly inflation seen staying below 3%
Zimbabwe's gold-backed currency (ZiG) is expected to maintain stable inflation levels, with average month-on-month inflation forecast to remain below 3% in 2025. This projection is underpinned by stri...Published: 29 Nov 2024 at 06:53hrs | 79 | by Staff reporter
Government scraps Zupco service contract
THE Government has terminated the service contract with the Zimbabwe United Passenger Company (Zupco) to provide urban mass transport which was gobbling US$6 million a month, saying the company has be...Published: 25 Feb 2024 at 07:14hrs | 2 | by Staff reporter
10% tollgate resident discounts gazetted
People living within 10km of a tollgate shall pay toll fees discounted by 10 percent following the gazetting of Statutory Instrument 5 of 2024, the Toll Roads (National Road Network) (Amendment) Regul...Published: 22 Jan 2024 at 04:48hrs | | by Staff reporter
Zimbabwe's house negroes
THERE was once a fire at the slave master mansion and the house negro was heard wailing: "Our house is on fire!" much to the astonishment of the field negroes.This small anecdote flashed and r...Published: 23 Dec 2023 at 10:21hrs | 14 | by Paidamoyo Muzulu
Civil servants get final bonus payment
The first group of civil servants started receiving the second and final payment of their annual bonus yesterday as per agreement with the employer as the Second Republic continues to walk the talk on...Published: 13 Dec 2023 at 05:12hrs | | by Staff reporter
Ncube budget proves, once again, 'nation can tax itself into prosperity' by taxing poor to spare the rich
"I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle," said Si...Published: 02 Dec 2023 at 08:44hrs | 12 | by Wilbert Mukori
ZIMRA to deduct 30% on wheat payments to farmers
As the festive season approaches, farmers in Zimbabwe are facing the harsh reality of celebrating Christmas without the much-needed funds, following a decision by grain millers to suspend payments. Th...Published: 30 Nov 2023 at 10:35hrs | 16 | by Mandla Ndlovu
Professor Ncube readies Zimbabwe's budget
AS Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, readies to present the 2024 National Budget tomorrow, expectations are high that it will consolidate prevail...Published: 29 Nov 2023 at 05:08hrs | 16 | by Staff reporter
Zimbabwe's inflation drops to 101.3%
Zimbabwe's annual inflation eased to 101,3 percent in July from 175,8 percent in the prior month as the local unit continued to firm against the United States dollar and riding on tight fiscal and mon...Published: 26 Jul 2023 at 06:38hrs | 2 | by Staff reporter
Work on Bulawayo-Nkayi Road begins
WORK on the rehabilitation of the 158km Bulawayo-Nkayi Road has resumed following the disbursement of funds by Government for the project as the Second Republic steps up efforts towards completing out...Published: 29 Mar 2023 at 06:52hrs | 2 | by Staff reporter
Nkayi roadworks resume
WORK on the rehabilitation of a 15km stretch of the Bulawayo-Nkayi Road is set to resume with contractors now in the process of mobilising machinery and other equipment, and expected to be on the site...Published: 08 Mar 2023 at 05:29hrs | 4 | by Staff reporter
Zesa mulls switch to forex-indexed power tariff
POWER utility Zesa Holdings Limited wants all of its clients, including industries, to pay their electricity bills in foreign currency to fulfil its power import commitments, Zimbabwe Independent can ...Published: 12 Feb 2023 at 07:26hrs | 1 | by Staff reporter
Zesa tariff hike looms for miners
ZESA Holdings is set to review tariffs for major consumers such as miners to improve generation and boost its capacity to import electricity to meet local demand.In his 2023 national budget st...Published: 02 Dec 2022 at 05:01hrs | 2 | by Staff reporter
Mnangagwa's wife gets National Budget allocation
FIRST Lady Auxillia Mnangagwa has been mentioned in the National Budget - the first time for a first lady - and will get Treasury funding for her programmes as she increasingly gets involved in govern...Published: 29 Nov 2022 at 18:01hrs | | by Staff reporter
Mnangagwa's govt in $174 billion expenditure overrun
ZIMBABWE has reported a $174 billion expenditure overrun in the nine months of 2022 to September, latest figures show.Despite beating revenue collection targets for the nine months of 2022 by ...Published: 27 Nov 2022 at 14:54hrs | | by Staff reporter
Zimbabwe sets aside $1,2 billion for sports facilities
RENOVATIONS at the National Sports Stadium are set to be accelerated next year after the Government set aside ZW$1,2 billion for rehabilitation of sporting facilities across the country.The ot...Published: 25 Nov 2022 at 05:06hrs | 8 | by Staff reporter
Suspects offer police transport to stations
THE ministry of Home Affairs has revealed that a serious shortage of vehicles is forcing police officers to accept transport to their stations from suspects they would have arrested.Deputy Hom...Published: 09 Oct 2022 at 07:56hrs | | by Staff reporter
Ziyambi Ziyambi challenged over PVOs Bill
JUSTICE minister Ziyambi Ziyambi has been challenged to provide evidence on political interference by non-governmental organisations and that some charities are conduits for sponsoring terrorism and o...Published: 03 May 2022 at 16:02hrs | 2 | by Staff reporter
Mthuli Ncube holds talks with investors on USD bond
Finance and Economic Development Minister Professor Mthuli Ncube last week held a productive meeting with international investors who are keen to participate in the Government's US$100 million bond th...Published: 25 Apr 2022 at 08:49hrs | 4 | by Staff reporter
Failure to compensate white farmers will result in Zimbabwe debt ballooning; IMF warns
ZIIMBABWE's failure to compensate white former farmers as per agreement will result in the country's public debt bulging, the International Monetary Fund (IMF) has warned.The Bretton woods ins...Published: 11 Apr 2022 at 07:56hrs | 4 | by Staff reporter
Zimbabwe debt burden to worsen, claims IMF
THE International Monetary Fund (IMF) has warned that Zimbabwe's debt burden will worsen considerably due to the country's inability to compensate its displaced white former farmers, and the Reserve B...Published: 11 Apr 2022 at 06:34hrs | | by Staff reporter
Zimbabwe mulls fuel levy cuts
Zimbabwe has hinted it may further reduce fuel levies to stymie a sustained spike in the domestic price of petroleum products after global prices soared on market uncertainty due to the conflict betwe...Published: 21 Mar 2022 at 06:23hrs | | by Staff reporter
US$800m regime change kitty at risk in 2022 NGOs Bill
THE Private Voluntary Organisations Amendment Bill could cost Zimbabwe close to US$800 million in development funding this year – with devastating social and economic consequences – if the governm...Published: 20 Mar 2022 at 06:34hrs | 2 | by Staff reporter
Zimbabweans to pay a heavy price for Mnangagwa's proposed draconian law
PRESIDENT Emmerson Mnangagwa has been accused of seeking to sacrifice the lives of millions of people that survive on humanitarian aid by trying to ban non-governmental organisations through a c...Published: 06 Mar 2022 at 08:31hrs | 2 | by Staff reporter
Mnangagwa signs 2022 budget laws
President Mnangagwa has assented to the two sets of law required to implement the 2022 National Budget presented by Finance and Economic Development Minister Professor Mthuli Ncube in November, so all...Published: 04 Jan 2022 at 05:55hrs | 7 | by Staff reporter
Business sector plagued by uncertainty
THE country's business sector says the year is difficult to plan for given the uncertainty that looms on the horizon, particularly with the country girding for potentially disruptive by- elections....Published: 19 Dec 2021 at 07:09hrs | 8 | by Staff reporter
'Underfunding fuelling police corruption'
CHAIRPERSON of the Parliamentary Portfolio Committee on Defence and Home Affairs, Levy Mayihlome has said police officers have become corrupt because their parent ministry is underfunded to meet their...Published: 01 Dec 2021 at 05:39hrs | 7 | by Staff reporter
Rebate on duty scammers exposed
GOVERNMENT has tightened the conditions for businesses benefiting from the rebate of duty facilities amid concerns over lack of transparency and accountability, which has seen some beneficiaries makin...Published: 29 Nov 2021 at 05:32hrs | 14 | by Staff reporter
$11bn set aside for elections
TREASURY has allocated $11 billion to the Zimbabwe Electoral Commission (Zec) to carry out its activities that include conducting by-elections next year.The by-elections, which will be held du...Published: 26 Nov 2021 at 08:58hrs | 9 | by Staff Reporter
Matabeleland projects get priority in 2022 budget
GOVERNMENT continues to drive the development of Matabeleland with the 2022 National Budget Statement presented yesterday in Parliament by Finance and Economic Development Minister, Professor Mthuli N...Published: 26 Nov 2021 at 08:43hrs | 12 | by Staff Reporter
2022 budget should up Matabeleland momentum
FINANCE and Economic Development Minister, Professor Mthuli Ncube is set to present the 2022 National Budget Statement today amid high expectations that more resources will be allocated to expedite co...Published: 25 Nov 2021 at 07:00hrs | 11 | by Staff Reporter
'US$12 billion mining economy unattainable without policy'
ZIMBABWE, which seeks to achieve the US$12 billion mining economy by 2023, is still operating without a mining development policy, a situation that has created a lot of policy and legal reversals as w...Published: 13 Nov 2021 at 17:45hrs | 9 | by Dumisani Nyoni
Mnangagwa's govt extends workers vehicle rebate scheme
GOVERNMENT has agreed to extend the duty-free rebate on motor vehicle scheme for civil servants beyond June 2021, as part of efforts to cushion public service workers through non-monetary incentives. ...Published: 24 Aug 2021 at 06:28hrs | 1 | by Staff reporter
Zimbabwe govt defers ex-farmers' compensation
GOVERNMENT has deferred to July 2022 the first payment towards compensating white former commercial farmers who lost their land during the land reform programme in the early 2000s.Government w...Published: 21 Jul 2021 at 08:09hrs | 2 | by Staff reporter
RBZ raises $380m in TBs
The Reserve Bank of Zimbabwe (RBZ) last week raised $380 million through Treasury Bills (TBs) after it issued a one-year paper that had targeted to raise $400 million.TBs are short-term financ...Published: 03 Jun 2021 at 06:56hrs | 11 | by Staff reporter
'Zimbabwe's gold policy fueling criminality'
GOVERNMENT'S policy of buying gold on a no-questions-asked basis is creating chaos and fueling criminality in the mining sector, the Zimbabwe Coalition on Debt and Development (Zimcodd) has said....Published: 21 May 2021 at 06:05hrs | 15 | by Staff reporter
Mnangagwa gets tough with pirate kombis
President Mnangagwa yesterday directed the Zimbabwe Republic Police (ZRP) to continue manning security checkpoints to ensure that only designated transport operators such as the Zimbabwe United Passen...Published: 06 Mar 2021 at 06:09hrs | | by Staff reporter
US$700 million needed for Bulawayo roads
MORE than US$700 million is needed to rehabilitate roads in Bulawayo as 70 percent of the city road network is in a bad state. In an online session on Devolution Funds in Bulawayo: Water or Ro...Published: 07 Feb 2021 at 06:32hrs | 8 | by Staff reporter
Hydro-politics depriving Bulawayo and Matebeleland of water
MORE than a century ago in 1912, the people of Matebeleland and Bulawayo regions were promised that they will draw water from the Zambezi River, through the Matebeleland Zambezi Water Project (MZWP)....Published: 14 Jan 2021 at 11:56hrs | | by Staff reporter
Zimbabwe records massive jump in trade surplus
ZIMBABWE will record a trade surplus for the second year running, after recording a threefold-increase in its current account to US$939 million in the first nine months of the year, Finance and Econom...Published: 30 Nov 2020 at 19:04hrs | 9 | by Staff reporter
Mthuli Ncube targets US$1bn from Cannabis Levy
THE Government will next year introduce a Cannabis Levy as it angles to tap into the envisaged boom in the production of the crop in the country following the decision to legalise and commercialise it...Published: 30 Nov 2020 at 05:51hrs | 9 | by Staff reporter
Zimbabwe puts cap on sugar imports
THE Government has capped free sugar imports under the Open General Import Licence in a bid to encourage consumption of the locally produced commodity.In the recently announced 2021 National B...Published: 29 Nov 2020 at 06:47hrs | 5 | by Staff reporter
'No 2021 tax clearance certificates to improperly fiscalised operators'
Zimbabwe's tax collector has threatened to withhold 2021 tax clearance certificates to all registered business operators that have not properly fiscalised as most operators are not remitting taxes in ...Published: 27 Nov 2020 at 17:23hrs | | by Staff reporter
Govt to centralise control of State firms
THE Government will adopt a centralised ownership model for State-owned enterprises (SOEs) to eliminate inconsistencies in governance and ministerial interferences, Finance and Economic Development Mi...Published: 27 Nov 2020 at 06:54hrs | 2 | by Staff reporter
Mthuli Ncube to present 2021 national budget
FINANCE and Economic Development Minister, Professor Mthuli Ncube, is expected to present the 2021 national budget statement on Thursday next week. The budget would lay out the inaugural 12 mo...Published: 19 Nov 2020 at 05:26hrs | | by Staff reporter
Retailers seek tax exemption on rice
RETAILERS and suppliers have approached Vice-President Constantino Chiwenga's office seeking exemption from paying value-added tax (VAT) on rice.Government recently ordered them to pay VAT on ...Published: 06 Nov 2020 at 06:34hrs | | by Staff reporter
Zimbabwe govt pleads with sceptical investors over Victoria Falls bourse
FINANCE minister Mthuli Ncube has assured investors that they will be legally empowered to repatriate their earnings on the Victoria Falls Stock Exchange (VFSE).This comes in the wake of an es...Published: 02 Oct 2020 at 07:46hrs | 2 | by Staff reporter
After TSP, diaspora engagement critical, says Mthuli Ncube
AS government winds up the Transitional Stabilisation Programme (TSP) amid a plethora of challenges it faces in turning around the economy, the Zimbabwe Independent (ZI) caught up with Finance ministe...Published: 02 Oct 2020 at 07:43hrs | 11 | by Staff reporter
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