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IDBZ manager probed in student facility fraud
The Infrastructure and Development Bank of Zimbabwe (IDBZ) has launched an investigation into former senior manager Suckson Muswe, formerly known as Makwasha, over allegations that he inflated costs d...Published: 24 Aug 2025 at 19:16hrs | 626 | by Staff reporter
NSSA, NBS drive affordable housing
Over the past three years, the National Social Security Authority (NSSA) has developed more than 1,700 residential stands, while its banking arm, the National Building Society (NBS), has constructed o...Published: 22 Aug 2025 at 09:44hrs | 239 | by Staff reporter
NHS hit by pension scandal
Zimbabwe's state-controlled National Handling Services (NHS) is facing a serious corporate governance and financial scandal, with reports of unremitted pension funds totaling nearly US$1 million and q...Published: 17 Aug 2025 at 09:59hrs | 292 | by Staff rporter
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 | 570 | 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 | 129 | by Staff reporter
244 buildings condemned in Bulawayo
Bulawayo City Council has condemned 244 properties across the city as dilapidated and issued urgent renovation notices to their owners, warning of potential enforcement action if repairs are not promp...Published: 10 Aug 2025 at 10:00hrs | 235 | by Staff reporter
Standoff erupts between Zimpapers board and management
A major standoff has erupted between the Zimpapers board and management, and three former company executives dismissed in January over allegations of corruption and fraud, as the board insists no exit...Published: 06 Aug 2025 at 09:41hrs | 622 | by Staff reporter
Zimpapers pension fund under probe
The Zimbabwe Anti-Corruption Commission (ZACC) has launched an investigation into the Zimpapers Pension Fund amid allegations of mismanagement of employees' contributions and questionable sales of com...Published: 05 Aug 2025 at 12:37hrs | 588 | by Staff reporter
Zimbabwe Govt Pension Fund acquires Monomotapa Hotel
Zimbabwe's largest hospitality group, African Sun Limited (ASL), has agreed to sell the historic Monomotapa Crowne Plaza Hotel and its adjacent car park to the Public Service Pension Fund in a deal va...Published: 03 Aug 2025 at 12:18hrs | 470 | by Staff reporter
Mohadi Square unveiled In Beitbridge
The Beitbridge Municipality has announced plans to honour Vice-President Kembo Mohadi by establishing a dedicated square in the town's central business district, to be named Mohadi Square or KCD Squar...Published: 13 Jul 2025 at 11:29hrs | 136 | by Staff reporter
Ousted NSSA boss tags Mnangagwa in letter blasting ministerial move
Emmanuel Fundira, the recently dismissed chairperson of the National Social Security Authority (Nssa), has mounted a bold legal challenge against his abrupt termination, casting a spotlight on governa...Published: 04 Jul 2025 at 12:29hrs | 472 | by Staff reporter
Zimbabwe's pension sector faces a mounting crisis
Zimbabwe's pension sector faces a mounting crisis as contribution arrears soar to a staggering US$93 million, prompting the Insurance and Pensions Commission (IPEC) to announce an aggressive enforceme...Published: 03 Jul 2025 at 12:27hrs | 205 | by Staff reporter
Zimbabwe cannot fund large-scale projects without monetary autonomy
Zimbabwe's economic debate is often framed through the lens of inflation control, exchange rate stability, and the day-to-day functionality of the US dollar in domestic transactions.Yet, benea...Published: 01 Jul 2025 at 12:05hrs | 197 | by Brighton Musonza
Zimbabwe govt to clear pre-2009 pensions backlog
The Zimbabwean Government is finalizing amendments to Statutory Instrument (SI) 162 of 2023 to fast-track compensation payments to private sector pensioners who lost significant value in their s...Published: 01 Jul 2025 at 08:23hrs | 460 | by Staff reporter
RBZ's decision to halt gold coin sales has drawn warnings
The Reserve Bank of Zimbabwe (RBZ)'s decision to suspend the sale of gold coins has drawn warnings from an economic analyst, who says the move could expose the Zimbabwe Gold (ZWG) currency to inflatio...Published: 30 Jun 2025 at 09:15hrs | 2598 | by Staff reporter
Shava returns as NSSA substantive boss?
After three years of internal turmoil, high-profile dismissals, and corruption scandals, a measure of calm and certainty has returned to the National Social Security Authority (NSSA) following the app...Published: 25 Jun 2025 at 12:00hrs | 642 | by Staff reporter
Minister fires entire NSSA Board
Public Service, Labour and Social Welfare Minister Edgar Moyo has dismissed the entire board of directors of the National Social Security Authority (NSSA), led by prominent businessman and tourism mog...Published: 25 Jun 2025 at 11:57hrs | 2465 | by Staff reporter
Former soldier loses pension in fraud scheme by ex-colleague
A former Zimbabwe National Army (ZNA) member, Forward Mapfunde of Warren Park D in Harare, is counting significant losses after his pension funds were fraudulently stolen by a former colleague who ret...Published: 21 Jun 2025 at 09:48hrs | 260 | by Staff reporter
Zimbabwe central bank raises ZWG$5.9 billion via treasury bills
The Reserve Bank of Zimbabwe (RBZ) has raised ZWG$5.9 billion through Treasury Bill (TB) issuances and private placements in 2024, as the government intensifies its domestic borrowing to fund operatio...Published: 12 Jun 2025 at 19:00hrs | 232 | by Staff reporter
Zimbabwe's pension crisis: Full compensation for 2008 losses may take 100 years
Zimbabwe's pension funds have sounded the alarm over their inability to compensate retirees who lost their life savings during the 2008 economic collapse, warning that, at current fund levels, full re...Published: 30 May 2025 at 12:08hrs | 247 | by Staff reporter
How the NRZ Can Fund Zimbabwe's Pensioners on Its Own
As Zimbabweans, do we pause to look inward and realise that some of the solutions we desperately seek already lie within our own institutions. The National Railways of Zimbabwe (NRZ) stands as a t...Published: 24 May 2025 at 23:02hrs | 429 | by Jacob Kudzayi Mutisi
Zimbabwe targets 2030 to clear US$21 billion debt
Zimbabwe has set an ambitious 2030 deadline to clear its ballooning US$21 billion public debt, in a bid to create the foundations for a stable mono-currency regime anchored by the Zimbabwe Gold (ZiG) ...Published: 19 May 2025 at 09:21hrs | 135 | by Staff reporter
MP demands clarity on HCCL workers' shareholding
HWANGE East legislator Joseph Bonda has asked the Minister of Justice Ziyambi Ziyambi to clarify the state of Hwange Colliery Company Limited workers share ownership facility.Bonda made the de...Published: 18 May 2025 at 18:01hrs | 443 | by Stephen Jakes
Ministry of Education fails to pay rent for 16 years
Zimbabwe's education system is rapidly collapsing, driven by a combination of chronic underfunding, rampant corruption, indiscipline, and government failure to disburse allocated budgets. Despite prom...Published: 18 May 2025 at 12:13hrs | 584 | by Staff reporter
Shava appointed new NSSA boss
Dr Charles Shava has been appointed the substantive General Manager of the National Social Security Authority (NSSA), bringing to a close a protracted battle over the leadership of Zimbabwe's US$1.2 b...Published: 17 May 2025 at 12:26hrs | 697 | by Staff reporter
Zimbabwe to get first dollar-listed REIT as property heats up
Zimbabwe is set to get its first dollar-denominated real estate investment trust listing on Friday, as demand for property stocks grows.Eagle REIT is seeking to raise $62 million from the list...Published: 15 May 2025 at 09:58hrs | 777 | by Staff reporter
Battle over new NSSA boss intensifies
The fight to appoint a new general manager for Zimbabwe's US$1.2 billion National Social Security Authority (NSSA) has descended into a chaotic and politically charged standoff, marked by corruption a...Published: 14 May 2025 at 15:35hrs | 1320 | by Staff reporter
Zimbabwe extends pensionable age for workers to 70
The Ministry of Local Government and Public Works has announced a significant change in the pensionable age for local authority workers, extending it to 70 years, a move that has been welcomed by many...Published: 01 May 2025 at 08:55hrs | 582 | by Staff reporter
UK firm secures US$5m to fund gold mines in Zimbabwe
United Kingdom-based mining firm Kavango Resources Plc has secured a US$5 million interest-free funding facility from the Comarton Managed Pension Funds' Investments Consortium to accelerate its gold ...Published: 24 Apr 2025 at 07:08hrs | 149 | by Staff reporter
Zimbabwe issues dollar bonds to pay ex-farmers for land grabs
Zimbabwe issued treasury bonds worth $308 million and made small cash payments to White farmers who were dispossessed of their property 25 years ago under a state-backed land reform program.Th...Published: 12 Apr 2025 at 09:16hrs | 130 | by Staff reporter
Zimbabwe white former farmers start receiving compensation
The Government of Zimbabwe has begun compensating white former commercial farmers whose land was repossessed during the Land Reform Programme, marking a pivotal step in the country's efforts to resolv...Published: 10 Apr 2025 at 09:01hrs | 94 | by Staff reporter
Zimbabwean permit holders say life in SA has become intolerable
The Zimbabwe Exemption Permit Holders Association (Zepha) has urged the Zimbabwean government to facilitate an urgent voluntary repatriation programme for Zimbabweans living in South Africa, citing wo...Published: 03 Mar 2025 at 11:57hrs | 1691 | by Staff reporter
Corporate Raiding Plot Unraveling: Nssa and RTG Directors Meet to Tackle Manipulation of Share Prices and Takeover Attempt
NATIONAL Social Security Authority (Nssa) and Rainbow Tourism Group (RTG) directors and management executives are set to meet today to deal with the plot to take over the tourism and hospitality giant...Published: 25 Feb 2025 at 13:16hrs | 364 | by NewsHawks
NSSA chairman embroiled in underhand Rainbow Tourism Group takeover bid
NATIONAL Social Security Authority (Nssa) chairman Emmanuel Fundira, who is former chairman of African Sun Limited, and an ex-Rainbow Tourism Group (RTG) senior executive Paula January are accused of ...Published: 18 Feb 2025 at 20:01hrs | 1552 | by NewsHawks
Zimbabwe Parliament resumes sitting
Parliament of Zimbabwe officially resumes sitting today after nearly two months of recess, with a significant legislative workload awaiting legislators. The two houses had adjourned in December last y...Published: 11 Feb 2025 at 06:39hrs | 245 | by Staff reporter
Gweru's Go Beer bounces back after decade
Gweru City Council's beer concern, Go Beer, has reopened after a decade-long closure, bringing fresh hope to the local economy. The local authority confirmed that operations had resumed last week, wit...Published: 01 Jan 2025 at 10:22hrs | 1363 | by Staff reporter
South Africa running out of money at an alarming rate
Efficient Group chief economist Dawie Roodt has warned that South Africa is heading for a financial crisis due to its growing debt burden.Speaking to State of the Nation's Mark Sham, Roodt sai...Published: 09 Dec 2024 at 15:15hrs | 727 | by Staff reporter
Zimbabwe's electricity crisis: Declare a State of National Disaster and retire Sydney Gata to save the nation
As I write this article, the town of Redcliff, like much of Zimbabwe, remains shrouded in darkness following a 24-hour nationwide blackout that began yesterday. This is not the first time we'v...Published: 25 Nov 2024 at 11:55hrs | 1195 | by Tendai Ruben Mbofana
5MW plant commissioned at Mutirikwi Dam
A major step forward in Zimbabwe's energy sector was made on Saturday with the commissioning of a five-megawatt hydropower project at Mutirikwi Dam. The plant, a collaboration between local and foreig...Published: 21 Nov 2024 at 06:30hrs | 309 | by Staff reporter
Mnangagwa commissions US$18,5m Bulawayo students' complex
President Emmerson Mnangagwa yesterday officially commissioned the state-of-the-art Bulawayo Students Accommodation City Complex, a landmark project in Matsheumhlope suburb valued at US$18.5 million. ...Published: 16 Nov 2024 at 14:22hrs | 355 | by Staff reporter
Mnangagwa to commission Nust students' Complex
President Emmerson Mnangagwa is in Bulawayo today to preside over a series of significant events that underscore the Second Republic's commitment to infrastructural and educational development....Published: 15 Nov 2024 at 08:33hrs | 423 | by Staff reporter
ZESA singlehandedly destroying Zimbabwe: The shocking truth behind the power crisis
In Zimbabwe, there is a harsh reality that every citizen faces: power outages, or "load shedding," are an almost daily occurrence. Power cuts, sometimes lasting up to 18 hours, have become the...Published: 12 Nov 2024 at 21:07hrs | 3700 | by Tendai Ruben Mbofana
Victoria Falls to get two new upmarket hotels
Zimbabwe's premier tourist destination, Victoria Falls, is set to see the construction of two luxury hotels, valued at a combined US$114.3 million, which will significantly boost the city's hospitalit...Published: 08 Nov 2024 at 06:49hrs | 256 | by Staff reporter
Windfall for 33,000 pensioners
The Mining Industry Pension Fund (MIPF) is preparing to compensate pensioners who lost benefits during Zimbabwe's hyperinflationary period between 2006 and 2009. The initiative comes amid reports that...Published: 04 Nov 2024 at 06:49hrs | 4343 | by Staff reporter
Zimbabwe govt launches major housing project in Matabeleland North
In a significant step toward its goal of providing affordable housing for all citizens, the Zimbabwean government has launched a new housing project in Emthunzini Township, Matabeleland North Province...Published: 19 Oct 2024 at 12:05hrs | 6026 | by Staff reporter
25MW solar plant goes live in Zimbabwe
Centragrid's solar power plant in Nyabira has completed its expansion and has officially begun commercial production. The plant, one of Zimbabwe's pioneering independent power producers (IPPs), has se...Published: 15 Oct 2024 at 14:18hrs | 8536 | by Staff reporter
Major pension boost for Zimbabwe civil servants
Public sector workers in Zimbabwe are set to benefit from enhanced retirement packages under the proposed State Service Pension Fund, which aims to boost both financial and social security for civil s...Published: 13 Oct 2024 at 12:22hrs | 1433 | by Staff reporter
Chinhoyi's Varsity Heights bowls over Mnangagwa
President Emmerson Mnangagwa has reaffirmed the government's dedication to creating an inclusive learning environment that meets the diverse needs of students across Zimbabwe. His remarks came during ...Published: 07 Oct 2024 at 10:14hrs | 2752 | by Staff reporter
Mnangagwa unveils modern student accommodation at CUT
President Emmerson Mnangagwa has officially commissioned a modern student accommodation facility and a new administration block at Chinhoyi University of Technology (CUT), marking a significant milest...Published: 04 Oct 2024 at 16:27hrs | 2428 | by Staff reporter
ZSE outshines VFEX in wealth creation
The Zimbabwe Stock Exchange (ZSE) has emerged as the preferred investment destination for those seeking wealth creation, surpassing the foreign currency-denominated Victoria Falls Stock Exchange (VFEX...Published: 26 Sep 2024 at 13:37hrs | 64 | by Staff reporter
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