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Tshabangu's MPs question validity of Mutapa Investment Fund valuation
Opposition parliamentarians have raised concerns over the validity of the Mutapa Investment Fund's (MIF) asset valuation, pointing to discrepancies between the reported US$16 billion valuation and ear...Published: 2 hrs ago | 72 | by Staff reporter
Mnangagwa calls for unity in ZANU-PF
In a digital age where accessibility to government services online is vital, several government websites have been facing significant downtime, raising concerns about the ease of doing business in Zim...Published: 20 Dec 2024 at 11:12hrs | 70 | by Staff reporter
Zimbabwe hunts for new Auditor-General
The Zimbabwean government has officially initiated the search for a new Auditor-General after the retirement of Mildred Chiri, who served in the role for nearly two decades. Rheah Kujinga has been ful...Published: 21 Oct 2024 at 07:50hrs | 494 | by Staff reporter
Zimbabweans fret over army hand in politics
A growing number of Zimbabweans are expressing alarm over the increasing involvement of the military in civilian life and politics, raising concerns about its impact on democracy and public trust. Thi...Published: 26 Sep 2024 at 09:54hrs | 166 | by Staff reporter
Pravin Gordhan kicks the proverbial bucket
Pravin Gordhan served as a minister during the state capture years. But he will also be remembered for being among those who pushed back against its architects.Gordhan passed away on Friday at...Published: 13 Sep 2024 at 06:34hrs | 1028 | by Staff reporter
Chiwenga's wife to officially open Matabeleland South Agricultural Show
Retired army general Constantino Chiwenga's wife Colonel Miniyothabo Baloyi-Chiwenga has arrived in Gwanda to officially open the 66th edition of the Matabeleland South Agricultural Show. ...Published: 24 Aug 2024 at 18:59hrs | 862 | by Staff reporter
Mnangagwa revels in Sadc chairmanship
President Emmerson Mnangagwa has expressed pride in Zimbabwe's new role as chair of the Southern African Development Community (Sadc). He assumed the chairmanship from Angolan President João Lourenç...Published: 22 Aug 2024 at 07:19hrs | 508 | by Staff reporter
Stampede to congratulate Mnangagwa
Government's loss-making entities and departments have peppered newspaper pages with fawning congratulatory messages to President Emmerson Mnangagwa on his assuming of the rotational chairmanship of S...Published: 20 Aug 2024 at 10:55hrs | 925 | by Staff reporter
Shareholders cream off US$1,6b from Mutapa
Zimbabwe's debt restructuring talks are at risk following revelations that the country's liabilities may have increased due to a secretive US$1.6 billion payment to unknown shareholders under the sove...Published: 04 Jul 2024 at 09:33hrs | 19 | by Staff reporter
Mangudya underscores importance of well-managed parastatals for economic growth
John Mangudya, the chief executive of the Mutapa Investment Fund (MIF), underscored the crucial role of well-managed State-owned enterprises (SOEs) in driving economic growth in Zimbabwe.Addre...Published: 01 Jul 2024 at 04:08hrs | | by Staff reporter
South African GNU and Zimbabwe economy
GNU as portfolio controlThis week, South Africa's President Cyril Ramaphosa was inaugurated for his second and last term in office under the current Constitution.What is now awaited is...Published: 22 Jun 2024 at 11:28hrs | 3 | by @Jamwanda2 on Saturday
Ministers, CEOs call for adoption of AI
The CEO's Africa Roundtable kicked off in the resort town of Victoria Falls amid robust debate and cross fertilisation of ideas to catapult Africa to its full potential and eliminate poverty on the co...Published: 15 Jun 2024 at 13:04hrs | 1 | by Mandla Ndlovu
Ramaphosa's ANC has not learnt from history
In 2018, ANC chose Cyril Ramaphosa as President because they believed that white capital liked him and thus he would attract western investment into the country. However, things did not quite go accor...Published: 14 Jun 2024 at 13:23hrs | 24 | by Staff reporter
SAP in hot water over dodgy deal with Zimbabwe
Multinational software giant SAP is in hot water over allegations that it used code names and set up a shelf company in Botswana to circumvent European Union (EU) sanctions imposed on the Zimbabwean g...Published: 08 Apr 2024 at 11:04hrs | 27 | by Staff reporter
Zimbabwe public officials top corruption cases
Almost half of cases reported to the Zimbabwe Anti-Corruption Commission (Zacc) in 2023 involved public officials with the watchdog indicating that there was a significant increase in corruption repor...Published: 05 Apr 2024 at 06:00hrs | 10 | by Staff reporter
POSB privatisation put on halt
THE planned partial privatisation of the People's Own Savings Bank (POSB) has been put on halt as the bank awaits further guidance on the project from the shareholder.Partial privatisation was...Published: 04 Apr 2024 at 06:14hrs | | by Staff reporter
Zimbabwe in Starlink U-turn
ZIMBABWE appears to have made a U-turn over Starlink amid revelations senior government officials are in talks with the satellite internet service provider owned by billionaire Elon Musk.Zimba...Published: 13 Mar 2024 at 05:11hrs | 53 | by Staff reporter
'Mutapa Investment Fund mustn't become conduit for looting'
AS prevalence of public sector corruption reaches alarming levels, the International Monetary Fund (IMF) has demanded that Zimbabwean authorities ensure the newly-established Mutapa Investment Fund (M...Published: 11 Mar 2024 at 09:09hrs | 31 | by Staff reporter
Mnangagwa's Mutapa fund plots parastatals shake-up
The MUTAPA Investment Fund (MIF), previously criticized as a conduit for elite enrichment, has declared its commitment to establishing robust governance frameworks aimed at reining in reluctant State ...Published: 11 Mar 2024 at 04:57hrs | | by Staff reporter
Mnangagwa says parastatals should consider receiving payments in Zimdollars
GOVERNMENT has warned departments and parastatals accused of charging for services exclusively in foreign currency, saying they are acting outside the law.Speaking in Parliament during a quest...Published: 09 Mar 2024 at 11:13hrs | | by Staff reporter
Minister Mangaliso Ndlovu reported to ZACC...amidst massive corruption allegations
Minister of Environment, Climate Change, Tourism, and International Trade, Mangaliso Ndlovu, is under scrutiny for alleged corruption and misconduct. Citizens Against Corruption, a prominent local org...Published: 23 Feb 2024 at 12:55hrs | 6 | by George Tshuma
Zimbabwe govt websites are stuck in the stone age
Here is one odd fact you may not know; Zimbabwean government-linked websites under the domain gov.zw, all go to bed for the night. You cannot access them for about 10 hours from around 10PM to 8AM the...Published: 15 Feb 2024 at 10:16hrs | | by Mike Murenzvi
IMF not ready to extend financial support to Zimbabwe
THE International Monetary Fund's (IMF) two-week-long high-level visit ended on Wednesday amid revelations that no financial support will be extended to Zimbabwe without authorities undertaking seriou...Published: 15 Feb 2024 at 10:08hrs | | by Staff reporter
Zanu-PF MPs shower praises on Mnangagwa
Zanu-PF legislators have been praising President Emmerson Mnangagwa's State of the Nation Address (Sona), which painted a rosy picture of the country's fortunes despite the deteriorating socio-economi...Published: 12 Feb 2024 at 13:54hrs | 1 | by Staff reporter
Lack of strategy in Zimbabwe opposition politics
ONE of the biggest issues that one must contend with in politics is that it is a contested space. Allegiances and goals are ever changing and there is, therefore, a need to be able to maneuver these c...Published: 09 Feb 2024 at 10:02hrs | 2 | by Munyaradzi Mapfumo
GMB contradicts government on grain supplies
Government and its parastatals are known to pull in the same direction and speak with one voice or sing from the same hymn book. The President , the Minister of Agriculture have all said that ...Published: 09 Feb 2024 at 08:07hrs | 1 | by John mbizvo
Zimsec 'fails' to pay exam transporters
OWNERS of vehicles hired to transport the Zimbabwe School Examinations Council (Zimsec) 2023 examination papers are still to paid, five months after they rendered their services, it emerged this week....Published: 08 Feb 2024 at 04:31hrs | 1 | by Staff reporter
More houses for Zimra officers
FINANCE, Economic Development and Investment Promotion Minister, Professor Mthuli, Ncube on Thursday officially commissioned a block of flats built for Zimbabwe Revenue Authority (Zimra) workers deplo...Published: 29 Jan 2024 at 05:56hrs | 3 | by Staff reporter
Zimbabwe sets up security complaints commission
FOLLOWING the enactment of the Zimbabwe Independent Complaints Commission (ZICC) Act in 2022, Parliament has now called for nominations of persons to become members of the Commission that will handle ...Published: 16 Jan 2024 at 04:40hrs | | by Staff reporter
Zimbabwe's ailing SOEs owe Chinese, Indian banks US$1.7billion
ZIMBABWE has accessed loans of up to USS$1.7 billion from Chinese and Indian banks to shore up technically insolvent state-owned enterprises (SOEs), a leading regional financier has revealed.A...Published: 31 Dec 2023 at 12:57hrs | 11 | by Staff reporter
Air Zimbabwe missing in action
AIR Zimbabwe, which faces a myriad of problems ranging from mounting debts, ageing aircraft, government interference and poor management, has become a pale shadow of itself as it is failing to make a ...Published: 27 Dec 2023 at 17:26hrs | 13 | by Staff reporter
A cabal of looters cooling off in Nyanga
According to a report yesterday, the Nyanga jaunt will cost the city ZWL$132 411 577,16 and US$12 000 for eight councillors, five executives, two drivers and one aide to attend the workshop.TH...Published: 29 Nov 2023 at 15:36hrs | 10 | by Staff reporter
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 | 12 | by Staff reporter
Mliswa quits politics
FORMER Hurungwe West and Norton constituencies legislator, Temba Mliswa is optimistic of contributing to the turnaround of the country's tourism sector as he invests and focuses on his Karoi property....Published: 17 Nov 2023 at 21:12hrs | 10 | by Staff reporter
Zesa plans to connect 3 million rural households
ZESA plans to connect at least three million rural households in Zimbabwe over the next four years via solar-energy home kits as well as grid connections where possible to support the major catch-up i...Published: 13 Nov 2023 at 05:45hrs | 1 | by Staff reporter
1 ambulance for Parirenyatwa
ZIMBABWE'S largest referral hospital, Parirenyatwa Group of Hospitals, which services Harare and other nearby provinces, has been operating with only one functional ambulance, reflecting the country's...Published: 12 Nov 2023 at 20:40hrs | 13 | by Staff reporter
Zupco can't account for ZW$3bn
THE loss-making Zimbabwe United Passenger Company (Zupco), which has been embroiled in numerous corruption scandals, has failed to account for ZW$3.4 billion in revenue it generated in urban areas, du...Published: 06 Nov 2023 at 21:21hrs | 9 | by Staff reporter
Zimbabwean minister bemoans corruption in drivers' licence issuance
Transport and Infrastructure Development Minister Felix Mhona recently unveiled plans to combat and eliminate corruption associated with the issuance of learner licenses and certificates of competence...Published: 06 Nov 2023 at 04:47hrs | 10 | by Staff reporter
51 Zimbabwe parastatals fail to submit financials
A total of fifty-one state-owned enterprises have failed to submit their financial statements for auditing to the Auditor-General, as required by law.The Acting Auditor-General, Mrs. Rhea Kuji...Published: 02 Nov 2023 at 05:40hrs | 9 | by Staff reporter
Air Zimbabwe planes unaccounted for
ACTING Auditor-General Rheah Kujinga has exposed the rot at Air Zimbabwe which includes financial books that are in a shambles as well as the failure by the national airline to account for the number ...Published: 31 Oct 2023 at 16:27hrs | 12 | by Staff reporter
Zimra can't account for ZW$1 billion
THE Zimbabwe Revenue Authority (Zimra) has failed to account for millions of dollars in tax and deposits paid by clients, amid indications of massive fraud facilitated by weak accounting systems, rais...Published: 31 Oct 2023 at 16:27hrs | 1 | by Staff reporter
Air Zimbabwe 'dead as a dodo'
TECHNICALLY-INSOLVENT Air Zimbabwe has accumulated losses of US$407,84 million, while total liabilities have exceeded assets by US$380,22 million, further casting significant doubt on the airline's ab...Published: 29 Oct 2023 at 12:36hrs | | by Staff reporter
SOEs, parastatals bleed Treasury
State-owned enterprises (SOEs) and parastatals have suffered significant financial losses, totaling millions of US dollars, due to procurement scams where suppliers received prepayments but failed to ...Published: 26 Oct 2023 at 06:42hrs | 1 | by Staff reporter
Mnangagwa flags govt procurement graft
President Emmerson Mnangagwa expressed his concerns about corruption within public procurement processes during his address at the Procurement Regulatory Authority of Zimbabwe (PRAZ) third annual conf...Published: 24 Oct 2023 at 06:05hrs | | by Staff reporter
REVEALED: How Chamisa begged VP Chiwenga to talk to Mnangagwa on his behalf
The leader of the Citizens Coalition for Change (CCC) and presidential candidate, Nelson Chamisa, made an attempt to engage Vice President Constantino Chiwenga in a meeting with President Emmerson...Published: 16 Oct 2023 at 16:36hrs | 2 | by Nkululeko Nkomo
Charamba exposes Chamisa?
FROM as early as 2018, CCC leader Mr Nelson Chamisa sent various envoys who included journalists, businessmen and church leaders to open talks with President Mnangagwa but all his missions collapsed a...Published: 16 Oct 2023 at 06:04hrs | | by Staff reporter
Lawyer takes Mnangagwa to court
HARARE lawyer and businessman Frederick Nyamande has taken President Emmerson Mnangagwa to court following the promulgation of the controversial Mutapa Investment Fund which he argues allows the head ...Published: 09 Oct 2023 at 13:51hrs | 1 | by Staff reporter
Mnangagwa's Mutapa Fund likely to create oligarchs
FEARS abound that President Emmerson Mnangagwa's self-serving Mutapa Investment Fund project has hallmarks of how Russian state assets were sold for a song or brazenly stolen during its transition fro...Published: 09 Oct 2023 at 13:50hrs | | by Staff reporter
Zimbabwe Treasury has not exempted state enterprises from procurement rules
The state enterprises under the Mutapa sovereign wealth fund still have to comply with procurement rules despite an exemption issued for the fund itself, The Ministry of Finance says.In a gove...Published: 02 Oct 2023 at 19:57hrs | 1 | by Staff reporter
Legalizing looting shows Zimbabwe is led by dunderheads!
From the time I was a little boy, there was something that always puzzled me.I could never understand how, those who were in top government positions - with all the opportunities availed to th...Published: 02 Oct 2023 at 07:55hrs | | by Tendai Ruben Mbofana
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