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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 | 196 | 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 | 191 | 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 | 455 | 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 | 2589 | 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 | 2455 | 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 | 256 | 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 | 192 | 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 | 244 | 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 | 426 | 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 | 126 | 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 | 776 | 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 | 145 | 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 | 126 | 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 | 91 | by Staff reporter
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
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
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
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 | 245 | 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 | 4341 | 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 | 6008 | 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
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
'Zimbabweans should not over-rely on NSSA pension scheme'
Shepherd Muperi, Director of Social Security at the National Social Security Authority (NSSA), emphasized that individuals should not rely solely on the social security scheme for their retirement nee...Published: 15 Aug 2024 at 07:53hrs | 649 | by Staff reporter
Zanu-MP bemoans govt's failure to renovate National Sports Stadium
ZANU-PF Murewa West legislator Farai Jere has criticized Zimbabwe's failure to renovate the National Sports Stadium, highlighting the embarrassment caused by the national soccer teams being forced to ...Published: 30 Jun 2024 at 18:37hrs | 3 | by Staff reporter
Zimbabwe debt set to balloon
ZIMBABWE is set to finance its 2024 total budget financing gap of ZWL$9,2 trillion through domestic and external borrowing, a development that will further sink the country deep into debt.Acco...Published: 28 Feb 2024 at 06:28hrs | 4 | by Staff reporter
Tobacco Stakeholders urged to come up with a pension scheme
Agronomy expert Lazarus Gatawa has urged stakeholders in the tobacco industry to consider putting in place a special pension scheme for tobacco farmers.Gatawa, who is a tobacco senior agronomi...Published: 12 Jan 2024 at 21:01hrs | 32 | by Simbarashe Sithole
Financial services group partners with government to enhance healthcare access in Bulawayo
In a notable initiative towards improving healthcare accessibility, a local financial services group collaborated with the government to host a two-day free medical health camp and officially open a c...Published: 11 Dec 2023 at 16:45hrs | 38 | by Staff Reporter
Zimbabwe pensioners to be compensated for 2007-9 losses
PENSIONERS who lost their life savings during the 2007 to 2009 hyper-inflation era will receive compensation from February 2024, a senior Insurance and Pensions Commission (Ipec) official has said....Published: 17 Nov 2023 at 05:05hrs | 11 | by Staff reporter
Mnangagwa's son says Zimbabwe banks no longer offering funding beyond 2025
Deputy Minister David Mnangagwa, responsible for Finance and Investment Promotion, has revealed that banks are no longer extending long-term funding options beyond 2025, coinciding with the planned co...Published: 09 Oct 2023 at 19:26hrs | 1 | by Staff reporter
Telling my Access Finance story
FOLLOWING a recent public announcement by Access Finance Group, a local remittance and financial services company, that its chief executive Singathini Raymond Chigogwana is retiring and would be repla...Published: 05 Oct 2023 at 15:07hrs | 39 | by Senziwani Sikhosana
Bulawayo students' complex already full
SPACE at the US$17 million student accommodation complex in Bulawayo is reportedly full as a number of students from different institutions have taken up residence with hundreds who have been making e...Published: 10 Sep 2023 at 08:56hrs | 7 | by Staff reporter
SA faces pressure from Europe and America to ditch coal
"We doing this for ourselves because it is absolutely the right way to go" said Vukile Davidson, National Treasury's chief director of financial markets and stability. "But we are also going to increa...Published: 09 Sep 2023 at 07:35hrs | 3 | by Staff reporter
CDC seeks owners of unclaimed ZSE shares
Chengetedzai Depository Company (CDC) says it is seeking to identify the owners of millions of dollars worth of unclaimed shares held in its Central Securities Depository (CSD).CDC is a digita...Published: 26 Jul 2023 at 06:36hrs | | by Staff reporter
Students complex opens doors in Bulawayo
THE US$17 million student accommodation complex in Bulawayo that is expected to house more than 1 000 students is ready for occupation with the Government saying it will ensure the project is replicat...Published: 09 Jul 2023 at 09:06hrs | 22 | by Staff Reporter
'4 ED' groups accomplices in Zim govt prejudicing the elderly!
It was extremely shocking watching, on state television, some shady pro-Mnangagwa organization doling out so-called 'empowerment projects' to elderly pensioners. The group called, 'Zimbabwe Pe...Published: 11 Jun 2023 at 10:03hrs | 1 | by Tendai Ruben Mbofana
Zimgold seeks to ramp up production
COOKING oil producer Zimgold Oil Industries has announced plans to ramp up production by increasing its crushing capacity by 67% to 100 000 tonnes annually. The company's finance director Amit Goyal m...Published: 12 May 2023 at 06:05hrs | 2 | by Staff reporter
Zanu-PF okays Mupfumira poll candidacy despite her claims of insanity
Axed Public Service Minister Prisca Mupfumira, who once evaded trial over US$95 million pension fund embezzlement citing insanity, has been certified fit to run for a seat in Zimbabwe's parliament by ...Published: 08 Apr 2023 at 17:45hrs | 2 | by Staff reporter
Zimbabwe cabinet approves TVET policy
Cabinet has approved the Zimbabwe National Technical and Vocational Education and Training (TVET) Policy, an all-encompassing framework that seeks to harmonise and standardise the coordination of lear...Published: 29 Mar 2023 at 06:50hrs | 24 | by Staff reporter
Zesa infrastructure vandalism miffs Mnangagwa
PRESIDENT Emmerson Mnangagwa has expressed alarm over the theft and vandalism of the country's electrical infrastructure and has urged academic institutions to find a solution to the problem."...Published: 24 Mar 2023 at 06:25hrs | 1 | by Staff reporter
Zanu-PF, CCC cross swords over Bulawayo decay
Zanu-PF Bulawayo chairman Jabulani Sibanda has courted the Citizens Coalition for Change (CCC)'s ire after he blamed the opposition-led Bulawayo City Council (BCC) for the decay bedevilling the city....Published: 13 Mar 2023 at 22:04hrs | 1 | by Staff reporter
BCC to blame for Bulawayo decay
ZANU-PF Bulawayo Provincial chairman, Jabulani Sibanda has slammed Bulawayo City Council (BCC) for lacking a clear forward planning strategy, a situation that he said has immensely contributed to the ...Published: 06 Mar 2023 at 05:17hrs | 13 | by Staff reporter
Zimbabwe govt turns heat on land barons
GOVERNMENT has warned that it would soon impose harsh measures against land barons if they continue causing land degradation and exploiting home seekers.Addressing a Press conference in Harare...Published: 28 Feb 2023 at 07:40hrs | 1 | by Staff reporter
Negative reporting by SA media on new Chinese steel plant in Zimbabwe starts
Workers building the $1bn steel plant for the Chinese-owned Dinson Iron & Steel Company (Disco) claim they are exploited, forced to work in inhumane conditions, and sleep crammed eight to a small ...Published: 12 Feb 2023 at 07:39hrs | | by Staff reporter
Zimbabweans in South Africa sent bulk of remittances in 2022
ZIMBABWE'S diaspora community in South Africa and the United Kingdom accounted for the bulk of remittances last year, reaching US$1,66 billion up from US$1,43 billion in 2021, official figures show....Published: 07 Feb 2023 at 04:59hrs | 247 | by Staff reporter
Concern over Zimbabwe's 'opaque' govt deals
NORTON legislator Temba Mliswa (Independent) has called on government to be more transparent when entering into contracts with multinational companies to avoid plunder of the country's resources....Published: 06 Feb 2023 at 04:53hrs | 11 | by Staff reporter
Why army was deployed in oil-drilling precincts of the Zambezi Valley
FEARS of a Mozambican Cabo Delgado-style Islamic insurgency in the northern Zambezi Valley where the Zimbabwean government and an Australian Securities Exchange-listed Invictus Energy are engaged in o...Published: 27 Nov 2022 at 14:59hrs | 5 | by Staff reporter
Zimbabwe needs 450 megawatts of imports to fill energy gap: Magombo
GOVERNMENT says the country requires energy imports of between 200 megawatts (MW) and 450MW daily from regional utilities to meet its power deficit.Zimbabwe has been reeling under rolling powe...Published: 08 Nov 2022 at 05:09hrs | 1 | by Staff reporter
Fresh turmoil hits Mupedzanhamo
EFFORTS to bring sanity at Harare's Mupedzanhamo flea market were dented yesterday after police were involved in running battles with illegal vendors returning to the area.Police had to throw ...Published: 14 Oct 2022 at 05:54hrs | 2 | by Staff reporter
200 000 graves cemetery for Bulawayo
BULAWAYO is set to have a 200 000-capacity cemetery which is expected to address the burial space shortage which has been haunting the city in recent years.The project is being implemented as ...Published: 02 Oct 2022 at 09:00hrs | 2 | by Staff reporter
Zimbabwe's capital markets collapse
DELTA Corporation CEO Matlhogonolo Valela has given graphic details about the frustrations that local firms have been enduring in accessing capital due to the country's difficult business environment....Published: 11 Sep 2022 at 15:21hrs | 2 | by Staff reporter
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