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Mthuli Ncube unveils ambitious infrastructure funding overhaul
Finance, Economic Development, and Investment Promotion Minister Professor Mthuli Ncube has announced plans to restructure the sinking fund and expand the e-tolling system to secure sustainable revenu...Published: 09 Dec 2024 at 06:44hrs | 1019 | by Staff reporter
Zimbabwe juggles US$1bn TBs to avert crisis
President Emmerson Mnangagwa's government is restructuring repayment terms for Treasury Bonds (TBs) as it grapples with escalating debt obligations and the looming threat of default. With nearly US$74...Published: 06 Dec 2024 at 18:06hrs | 294 | by Staff reporter
Cement imports threaten Zimbabwe's economy, warns PPC Zimbabwe
Zimbabwe risks losing approximately US$50 million annually in foreign currency if cement imports continue to flood the market, warns leading cement manufacturer Pretoria Portland Cement (PPC) Zimbabwe...Published: 02 Dec 2024 at 18:57hrs | 1221 | by Staff reporter
Zimbabwe charts ambitious return to global finance at debt conference
Zimbabwe's president hosted creditors and finance executives on Monday to discuss ambitious goals to clear debt arrears and restructure $12.7 billion in external debt, as the country aims to eventuall...Published: 26 Nov 2024 at 08:22hrs | 211 | by Staff reporter
US wants Zimbabwe to double down on reforms
The United States is urging the Zimbabwe government to double down on reforms aimed at returning the country to the prosperity it once enjoyed.Speaking to reporters in Harare on Monday, Pamela...Published: 26 Nov 2024 at 08:20hrs | 942 | by Staff reporter
Zimbabwe to pay white farmers US$331 million in move to rework debt
Zimbabwe plans to pay $331 million to white former farmers whose land the nation seized in 2000 as a step toward getting creditors to agree to restructure the nation's debt pile, which has left it loc...Published: 26 Nov 2024 at 08:19hrs | 457 | by Staff reporter
Dutch firm sssures Bulawayo residents that water will not be privatised
Vitens Evides International (VEI), a Dutch water utility company, has reassured Bulawayo residents that its proposed framework for managing the city's water and sanitation services will not involve pr...Published: 21 Nov 2024 at 13:06hrs | 1815 | by Staff reporter
War vets company holds AGM amid squabbles
Zvimba East Veterans Investment Company (Zevic), a company wholly owned by veterans of the liberation struggle, is set to hold its Annual General Meeting (AGM) on December 20, 2024, despite ongoing sh...Published: 21 Nov 2024 at 06:30hrs | 194 | by Staff reporter
Zimbabwe to hold talks on $21 billion debt albatross this month
Zimbabwe will resume talks with creditors later this month to restructure $21 billion in external debt as it seeks to exit a default that's kept it locked out of international capital markets since 19...Published: 07 Nov 2024 at 07:17hrs | 392 | by Rigid Kondongwe
Zimbabwe govt posts ZiG3,4bn budget deficit
GOVERNMENT has reported a ZiG3,4 billion budget deficit for the first nine months of the year owing to inflationary pressures and growing expenditure.Finance, Economic Development and Investme...Published: 07 Nov 2024 at 07:13hrs | 269 | by Staff reporter
Zimbabwe Cricket chairman Mukuhlani lands continental post
Tavengwa Mukuhlani, the chairman of Zimbabwe Cricket (ZC), has been appointed as the Interim Chairman of the Africa Cricket Association (ACA). This announcement was made during the ACA's Annual Genera...Published: 03 Nov 2024 at 10:23hrs | 660 | by Staff reporter
ZANU-PF's 'liberation' lie: The party never fought for democracy
In a recently circulating audio clip, a former senior Zimbabwean army commander made the shocking declaration that if there are any attempts to remove ZANU-PF from power, bloodshed will follow. ...Published: 23 Oct 2024 at 19:58hrs | 352 | by Tendai Ruben Mbofana
Mbare fire evidence disappears
Investigations into the cause of the devastating fire that engulfed Mbare Musika last week have reportedly stalled as vendors rushed to clean up and reclaim the affected space, NewsDay has learned. Th...Published: 17 Oct 2024 at 13:26hrs | 764 | by Staff reporter
Zimbabwe will start to pay 444 white farmers after land grabs
Zimbabwe will begin compensating White farmers whose land was seized in 2000 and led to the decimation of agriculture and the economy.The government has cleared 444 former commercial farm owne...Published: 17 Oct 2024 at 09:09hrs | 429 | by Staff reporter
Taxes, fees to be paid in ZiG
The Zimbabwean Treasury is set to implement new measures requiring most taxes and fees to be paid exclusively in the Zimbabwe Gold (ZiG) currency, a move aimed at increasing demand and stabilizing its...Published: 17 Oct 2024 at 09:05hrs | 2522 | by Staff reporter
Zimbabwe hires Rothschild advisers over $21 Billion defaulted debt pile
Zimbabwe's government has hired financial and legal advisers to help it navigate potential talks with international creditors over the $21 billion it owes, according to people familiar with the matter...Published: 10 Oct 2024 at 12:22hrs | 535 | by Staff reporter
7 countries at risk of bankruptcy
About seven developing countries are currently in danger of facing bankruptcy or in need of a bailout due to piling debt which is slowly gearing towards a default level.Countries can file for ...Published: 09 Oct 2024 at 07:16hrs | 655 | by Staff reporter
Mutapa assets valued at US$16bn
A comprehensive valuation of companies under the Mutapa Investment Fund (MIF), carried out by prominent local and international accounting firms over the past five months, has placed the total value o...Published: 06 Oct 2024 at 10:02hrs | 230 | by Staff reporter
Dynamos suspends 3 members of its technical team
Dynamos Football Club has suspended three members of its technical team following their disappointing defeat to Orapa United in the CAF Confederation Cup last Sunday. The suspended members include ass...Published: 28 Sep 2024 at 12:10hrs | 234 | by Staff reporter
Zimbabwe opens rail network to private companies
The National Railways of Zimbabwe has opened its network up to private players, including a unit of South Africa's Grindrod, as it seeks to boost freight volumes that had collapsed after decades of un...Published: 06 Sep 2024 at 13:07hrs | 621 | by Staff reporter
Zanu-PF cell restructuring in shambles
The ZANU-PF cell verification exercise has been disrupted by factionalism within the party. The exercise, intended to restructure party membership and improve control over structures, has faced delays...Published: 19 Aug 2024 at 07:17hrs | 272 | by Staff reporter
Hichilema: Absolute power corrupts absolutely
I could not believe what I was hearing. I tried to reassure myself that I was only dreaming. For the third time, I played the video and listened gravely. Again, the words fell like stones into the roo...Published: 15 Aug 2024 at 11:38hrs | 1025 | by Dr. Field Ruwe
Cyril Ramaphosa's 'plot' to kill the ANC
SOME senior ANC leaders have accused President Cyril Ramaphosa of working with external parties to collapse the governing party and replace it with a centre-right coalition led by him after the 2024 g...Published: 17 Jul 2024 at 09:09hrs | 1725 | by Staff reporter
Zambia to criminalise the use of US$ in local economy
Zambia's central bank published plans to criminalize the use of foreign currency in the local economy amid the biggest rally in the kwacha in four months.The southern African nation has faced ...Published: 01 Jul 2024 at 08:46hrs | 33 | by Staff reporter
Fifa to name new Zifa Committee
FIFA is set to replace the current leadership of the Zimbabwe Football Association (ZIFA), led by Lincoln Mutasa, with a new Normalisation Committee due to dissatisfaction with the reform process. ...Published: 22 Jun 2024 at 11:25hrs | 3 | by Staff reporter
Zinara on course to clearing DBSA debt
The Zimbabwe National Road Administration (Zinara) has made significant progress in reducing its US$200 million debt with the Development Bank of South Africa (DBSA), now owing US$59 million. Zinara b...Published: 04 Jun 2024 at 11:54hrs | 10 | by Staff reporter
Chamisa not forming new party
NELSON Chamisa, Zimbabwe's main opposition CCC leader who quit his party on Thursday in a huff after its descent into political turmoil due to recalls of MPs and other elected representatives by self-...Published: 29 Jan 2024 at 10:06hrs | 1 | by Staff reporter
Statement to mark the 2nd anniversary of the launch of the Freedom Alliance
The launch of Freedom Alliance on 18th December 2021 symbolised a renewed determination by our oppressed people in their heroic struggle for self-determination and human dignity. This is a con...Published: 21 Dec 2023 at 16:45hrs | 20 | by Dr Samukele Hadebe
Zesa signs mega deals
Zesa Holdings has signed three major deals that will see the power utility promote renewable energy utilisation and restructure electricity markets in Zimbabwe.Zesa subsidiary Zimbabwe Electri...Published: 04 Dec 2023 at 04:47hrs | 9 | by Staff reporter
Bata offloads 106 workers
Gweru, one of Zimbabwe's heavy industrial hubs continues with its tailspin after Bata Shoe Company retrenched 106 workers on Monday this week.Except for Bata, most of Gweru's industrial area i...Published: 25 Nov 2023 at 07:48hrs | 11 | 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
Zimbabwe worker exodus intensifies
Years of mass emigration from Zimbabwe have accelerated due to the ongoing economic crisis, further depleting the country of essential skills needed for a turnaround. Recent census data from South Afr...Published: 16 Oct 2023 at 06:16hrs | 1 | by Staff reporter
Mnangagwa planning to resume talks on restructuring $14 billion of unpaid debt
Zimbabwe's President, Emmerson Mnangagwa, is planning to resume talks on restructuring $14 billion of unpaid debt, despite ongoing divisions over disputed elections in the country. Mnangagwa hopes to ...Published: 02 Oct 2023 at 06:30hrs | 1 | by Staff reporter
New 60-bed hospital takes shape in Bulawayo's Parklands
A BULAWAYO entrepreneur, Mr Victor Moyo is building a 60-bed hospital in Parklands suburb, a development that will complement Government efforts to improve access to healthcare services in the city....Published: 18 Sep 2023 at 06:58hrs | 1 | by Staff reporter
Mnangagwa says there are no sacred cows for violence perpetrators
PRESIDENT Emmerson Mnangagwa yesterday said there are no sacred cows and perpetrators of violence will be arrested.Addressing thousands of party supporters at Robert Mugabe Square in the capit...Published: 10 Aug 2023 at 06:44hrs | 8 | by Staff reporter
Zapu promises to grow economy by US$80bn in poll manifesto
The Zimbabwe African People's Union (Zapu) has outlined plans to build a US$80 billion economy in the next 20 years if voted into power in next month's elections.The opposition which is not fi...Published: 18 Jul 2023 at 21:10hrs | 11 | by Staff reporter
Developing countries can choose to be cheerleaders or active players amid geopolitical changes
THE shifting geopolitical trends are having a profound impact on the political, economic and social scenes across the world.These changes are presenting options for developing countries to eit...Published: 03 Jul 2023 at 07:10hrs | 10 | by Tapiwa Gomo
Western backed Zambia wins debt relief
Zambia reached an agreement in principle to restructure US$6,3 billion of debt with bilateral lenders, setting a precedent for a growing list of countries struggling to service their liabilities....Published: 26 Jun 2023 at 06:45hrs | | by Staff reporter
Redwing: a tale of plunder, impunity, chaos and death
Redwing Gold Mine, once touted as a giant gold mining venture capable of transforming the quality of life in the Penhalonga area of Manicaland province and a cash cow for the national economy, has bec...Published: 04 Jun 2023 at 12:12hrs | 7 | by Staff reporter
Zimbabwe ups tempo on debt resolution
President Mnangagwa's scheduled engagements at the African Development Bank (AfDB)'s annual meetings in Sharm el-Sheik, Egypt, this week will add impetus to Zimbabwe's arrears clearance and debt resol...Published: 21 May 2023 at 08:02hrs | | by Staff reporter
'Zimbabwe debt resolution will open funding floodgates'
THE successful conclusion of discussions on Zimbabwe's arrears clearance and debt resolution will lay a firm foundation for the lifting of economic sanctions and help to unlock fresh and affordable ex...Published: 21 May 2023 at 08:02hrs | | by Staff reporter
Zanu-PF bolsters structures ahead of polls
The setting up of an Elders Council coming on the back of the intense cell verification programme has put Zanu-PF in good stead to win the forthcoming elections, analysts have said.Secretary f...Published: 06 Mar 2023 at 05:14hrs | 1 | by Staff reporter
Bloodbath at Dembare
AFTER all, it's not only former coach Tonderai Ndiraya and ex-executive chairman Isaiah Mupfurutsa who will pay the price for Dynamos' failures. The glamourous Castle Lager Premiership footbal...Published: 08 Feb 2023 at 05:01hrs | | by Staff reporter
Zanu-PF cell verification meetings continue
Zanu-PF continued with its cell verification meetings yesterday, with officials congregating in Chinhoyi and Bulawayo, as the party moves to strengthen itself ahead of harmonised elections expected th...Published: 06 Feb 2023 at 04:50hrs | 9 | by Staff reporter
Zimbabwe aims for top spot in carbon steel production
ZIMBABWE is now on a sustainable economic growth path following a number of interventions and is set to become one of the top carbon steel producers in sub-Saharan Africa in the next three years on th...Published: 30 Jan 2023 at 07:10hrs | 1 | by Staff reporter
Mnangagwa ally haunted by mine deaths
Zanu-PF benefactor and prominent gold dealer Pedzisai Scott Sakupwanya's gold operations at Redwing Mine in Penhalonga, Manicaland province, have been closed by the Environmental Management Agency (Em...Published: 23 Jan 2023 at 05:47hrs | | by Staff reporter
Mthwakazi Republic Party threatens mass action
The Mthwakazi Republic Party (MRP) has threatened mass action if the preliminary delimitation report produced by the Zimbabwe Electoral Commission (ZEC) is adopted in its current form.The part...Published: 14 Jan 2023 at 13:59hrs | | by Staff reporter
Southern African power crisis stems from post-liberation history
THE electrical power crisis that has enveloped southern Africa has its roots in our post-liberation history. Prior to that, the utilities created by the States of southern Africa exhibited considerabl...Published: 08 Dec 2022 at 05:10hrs | | by Eddie Cross
Zimbabwe govt bigwigs sing blues over bonuses
GOVERNMENT says civil servants from director level upwards will only be paid 2022 bonuses based on their performance appraisal outcomes.Civil servants below director level have been awarded 10...Published: 22 Nov 2022 at 04:53hrs | 2 | by Staff reporter
Mnangagwa's son in-law not in a hurry to get Zimbabwe's FIFA suspension lifted
ZIMBABWE Football Association (ZIFA) and Sports and Recreation Commission (SRC) have indicated that they are in no hurry to get the country's FIFA suspension lifted. Mlotshwa, who was presenti...Published: 18 Nov 2022 at 05:24hrs | | by Staff reporter
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