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Mutapa to shake-up State firms
Mutapa Fund Plots Major Shake-Up of State-Owned Enterprises to Enforce Governance and ProfitabilityZimbabwe's sovereign wealth vehicle, the Mutapa Investment Fund, is preparing to roll out swe...Published: 13 Jul 2025 at 16:12hrs | 662 | by Staff reporter
Chas Everitt expands into Zimbabwe's booming real estate market
Chas Everitt International, one of South Africa's largest real estate firms, is expanding into Zimbabwe, betting on what it sees as strong demand for high-end residential properties.Despite ch...Published: 25 Mar 2025 at 11:49hrs | 378 | by Staff reporter
Mnangagwa exempts state firms from Public Procurement scrutiny
President Emmerson Mnangagwa has taken steps to protect selected state-owned companies operating under the Mutapa Investment Fund (MIF) from public procurement regulations.Mnangagwa officially...Published: 30 Sep 2023 at 07:57hrs | 5 | by Staff reporter
Zimbabwe to become Africa's Dubai
Zimbabwe plans to set up an offshore financial center in the resort city of Victoria Falls that the government hopes will emulate the likes of Dubai and the Isle of Man to attract foreign investment....Published: 25 Feb 2023 at 08:54hrs | 16 | by Staff reporter
Money changers a product of misgovernance
IN his address at a Zanu-PF campaign rally in Marondera on Sunday, Vice-President Constantino Chiwenga threatened to lock up and impose stiff jail terms on money changers.The Vice-President gl...Published: 22 Feb 2022 at 05:39hrs | 4 | by Staff reporter
EU maintains stance on Zimbabwe isolation
THE European Union (EU) this week dismissed government claims that the two decades-long restrictive measures imposed on individuals and state firms had triggered an economic meltdown, which has seen m...Published: 31 Oct 2021 at 08:29hrs | 12 | by Staff reporter
IoDZ boss lands top African post
INSTITUTE of Directors Zimbabwe (IoDZ) chairman Mike Eric Juru has been elected vice-chairman of the IoD Africa Chairs Forum.Juru, chief executive officer at one of Zimbabwe's fastest growing ...Published: 03 Sep 2021 at 06:47hrs | 2 | by Staff reporter
Mthuli Ncube walks tightrope
ZIMBABWE'S industries have asked Treasury to inject funding into the central bank's forex auction system to help it clear backlogs of up to two weeks and clear market distortions.Confederation...Published: 09 Jul 2021 at 12:07hrs | 1 | by Staff reporter
'State firms' crisis can be averted'
ZIMBABWE'S rundown state enterprises can bounce back without being transferred to private hands, a new report indicated last week, discounting the long –held view that privatisation presented the be...Published: 06 Jun 2021 at 10:00hrs | 1 | by Staff reporter
Mnangagwa's govt issues ZW$750m fresh guarantees
GOVERNMENT has undertaken to guarantee public and private financial institutions including the Infrastructural Development Bank of Zimbabwe (IDBZ) for debts accrued through the floatation of a series ...Published: 05 Mar 2021 at 06:55hrs | 5 | by Staff reporter
Zimbabwean banks strike forex auction settlement deal
ZIMBABWE's banking system has agreed to settle funds allocated at the foreign currency auction system within two weeks, central bank governor John Mangudya has said.Introduced in June 2020 to ...Published: 21 Feb 2021 at 07:06hrs | 7 | by Staff reporter
State entities dominate forex allocations, says Cross
STATE firms and government departments are collecting a significant amount of funds allocated at the Reserve Bank of Zimbabwe (RBZ)'s foreign currency auction system weekly, crowding out the private s...Published: 29 Jan 2021 at 07:03hrs | | by Staff reporter
How South Africa can nudge Zimbabwe toward stability
What's new? As Zimbabwe's political and economic crises worsen, South Africa is moving beyond its policy of "quiet diplomacy" with its northern neighbour and applying more pressure on Harare to open...Published: 18 Dec 2020 at 06:42hrs | 1 | by crisisgroup
Privatisation in limbo as govt moves to control state firms
EXPERTS say governments' decision to centralise control of State firms will destroy prospects of privatisation and might not be the panacea to challenges facing parastatals.State-owned entitie...Published: 11 Dec 2020 at 19:01hrs | 2 | by Staff reporter
Foreign banks shut out debt-ridden state firms
SEVERAL foreign banks have spurned requests by Zimbabwe's broke state firms to borrow millions of dollars to pay off more debts and bankroll critical infrastructure development projects, businessdiges...Published: 11 Dec 2020 at 18:59hrs | 8 | by Staff reporter
Zimbabwe govt is robbing gold miners
AN intricate web of Zimbabwean State firms and agencies are being used as government conduits to buy gold from artisanal miners at a song thereby impoverishing thousands of people who have turned to b...Published: 08 Dec 2020 at 21:32hrs | | by Staff reporter
Govt mounts fresh plan to save Zisco
GOVERNMENT is mounting a fresh plan on Friday to revive operations at the moribund steel maker Ziscosteel, the latest of a string of futile attempts to rebuild Africa's once largest integrated steelwo...Published: 29 Nov 2020 at 07:03hrs | 1 | 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
Chinese companies ditch Zimbabwe projects
MAJOR Chinese insurance firms are refusing to underwrite critical infrastructure projects in Zimbabwe due to government's failure to pay commitment fees and other related costs, it has emerged....Published: 09 Oct 2020 at 10:19hrs | 17 | by Staff reporter
Cabinet puts state firms up for sale
CABINET on Tuesday resolved to finalise the privatisation of perennial loss-making parastatals and state-owned enterprises by year-end after Finance minister Mthuli Ncube reported that it had become u...Published: 25 Sep 2020 at 07:54hrs | 1 | by Staff reporter
South Africa's credit ratings remains at 'junk status'
Standard and Poor's Global Ratings kept South Africa's foreign- and local-currency credit ratings in "junk" territory with a stable outlook late on Friday, saying the new government was expected to fo...Published: 30 May 2019 at 07:59hrs | 8 | by Staff reporter
Here's how Zimbabwe plans to raise $350 million
Zimbabwe expects to raise $350 million from selling shares in five state-owned telecommunications companies and a bank, as part of economic reforms being pursued by the government, Finance Minister Mt...Published: 19 Mar 2019 at 18:30hrs | 6 | by Reuters
Karikoga Kaseke set to leave ZTA
ZIMBABWE Tourism Authority (ZTA) chief executive officer (CEO) Karikoga Kaseke is set to leave the institution he has led for 13 years.Kaseke, who took the role of CEO in July 2005 on reassign...Published: 18 Oct 2018 at 15:08hrs | 4 | by Staff reporter
US sanctions on Zimbabwe - truths, history and lies
A new regime of US sanctions has just been signed into law, opening a fresh front in the increasingly polarised political debate in Zimbabwe.Critics say they hurt the economy, while supporters...Published: 20 Aug 2018 at 19:01hrs | 4 | by newsZWire
Police raid bank in Zuma probe
An elite South Africa police unit raided offices of India's Bank of Baroda on Friday and seized documents as part of an investigation into state corruption under former president Jacob Zuma, a police ...Published: 10 Jun 2018 at 09:38hrs | | by Reuters
Bulawayo de-industrialisation, ZITF success juxtaposed
The 59th edition of the Zimbabwe International Trade (ZITF) was by far the largest in decades both in terms of attendance by local and foreign exhibitors as well as the business activity.Not o...Published: 02 May 2018 at 11:49hrs | 2 | by Staff rpeorter
Mnangagwa must show that he means business, not this crap
THE naming and shaming that Zimbabweans were promised by President Emmerson Mnangagwa concerning individuals and companies accused of externalising the country's financial resources has turned out to ...Published: 21 Mar 2018 at 05:20hrs | | by Staff reporter
Zimbabwe budget woos foreign investors after fall of Mugabe
Zimbabwe has taken steps towards ending its economic isolation in its first budget since the end of Robert Mugabe's 37-year authoritarian rule.Finance Minister Patrick Chinamasa announced a pa...Published: 07 Dec 2017 at 16:45hrs | | by BBC
Mnangagwa's acid test
PRESIDENT Emmerson Mnangagwa's new administration faces its first stern test when it presents the 2018 National Budget next week.Tackling hostile investment laws, a growing current account def...Published: 30 Nov 2017 at 15:55hrs | 1 | by Staff reporter
Border Gezi graduates offer free labour
NATIONAL Youth Service (NYS) graduates in Matabeleland North have offered free labour services to paratastals that need extra hands. Matabeleland North National Youth Service Commander, Ma...Published: 18 Jan 2016 at 05:26hrs | | by Border Gezi graduates offer free labour
Zanu-PF chases after firms for conference cash
ZANU PF Matabeleland North province plans to embark on a door- to-door follow up campaign on firms that pledged to donate towards the party's annual conference set for December this year. ...Published: 17 Nov 2015 at 06:28hrs | | by Staff Reporter
Mugabe warms to the West
ROBERT Mugabe's anti-Western rhetoric has been conspicuous by its absence of late, a sign the 91-year-old leader has mellowed or realised that Zimbabwe may need financial help.A year ago, the...Published: 22 Oct 2015 at 17:04hrs | | by Reuters
State firms owe Zimra US$450m
Official reports have exposed swelling defaults in a broad range of taxes due to government by 15 State firms, including the troubled ZBC and NRZ. The 15 firms accounted for nearly half a ...Published: 02 Jul 2015 at 08:04hrs | | by Staff reporter
Mugabe blasts EU, US
NEW YORK - The United States and the European Union should remove their "unilateral and illegal sanctions", President Robert Mugabe, who was addressing the United Nations summit in New York, said....Published: 26 Sep 2014 at 05:23hrs | | by Staff Reporter
ZimAsset exposes fault lines in Zanu-PF
AN unrelenting economic crisis that has gripped the nation forced Zanu-PF to call for an emergency Politburo meeting last week, and assess among other pressing matters, progress on the much touted Zim...Published: 22 May 2014 at 16:17hrs | 3 | by Shame Makoshori
Parastatals ordered to submit payrolls
Transport minister, Obert Mpofu, has given all state parastatals falling under his ministry a two day ultimatum to furnish him with their payrolls.This came as the minis...Published: 18 Feb 2014 at 16:45hrs | | by Staff reporter
'Shame, shame, shame'- Mugabe berates US, UK over sanctions
PRESIDENT Robert Mugabe on Thursday berated the United States and former colonial power Britain and its allies for trying to control his nation and its resources, telling them to remove their "illega...Published: 26 Sep 2013 at 19:33hrs | 1 | by Lesley Wroughton
State firms and parastatals poorly managed says Moyo
State Enterprises and Parastatals Minister, Gorden Moyo has admitted that state-owned firms are performing below expectations owing to poor management structures.State enterprises and parastat...Published: 05 Jul 2012 at 06:20hrs | | by Staff reporter
MDCs are impotent and like barking dogs with no bite - Mugabe
and every village has such dogs Zimbabwean President Robert Mugabe accused his political rivals of trying to use constitutional reforms to get rid...Published: 20 Feb 2012 at 10:22hrs | | by Staff reporter
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