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Time Bank offers war vets US$3,5bn
TIME Bank has offered a US$3.5 billion compensation package to Zimbabwe's liberation war veterans as part of its broader US$38 billion loan proposal to the government. This development follows signifi...Published: 14 Dec 2024 at 12:33hrs | 388 | by Staff reporter
Botswana man tries to bribe SARS official with R104,000
A Botswana national, Mompoloki Okocha Boitshoko, appeared in the Mmabatho Magistrates' Court after allegedly bribing a South African Revenue Service (SARS) official.It is alleged that a trap w...Published: 26 Nov 2024 at 19:46hrs | 304 | by Staff reporter
Local Bank proposes US$35bn loan to Zimbabwe Government
Time Bank of Zimbabwe has proposed a US$35 billion syndicated loan to the government to address compensation obligations for various groups, including previous farm owners and foreign lenders, as part...Published: 27 Aug 2024 at 12:42hrs | 3109 | by Staff reporter
Mashonaland's new city takes shape
The Government of Zimbabwe has commenced servicing land in Mt Hampden, where the new commercial and administrative capital will be established. This follows the recent repossession of 47 farms coverin...Published: 25 Aug 2024 at 11:18hrs | 750 | by Staff reporter
47 farms earmarked for new city
FORTY-SEVEN farms in Mashonaland West and Mashonaland Central provinces have been earmarked for the development of the new capital city in Mt Hampden, where work on core infrastructure, which includes...Published: 10 Mar 2024 at 06:24hrs | 16 | by Staff reporter
'High technology needed to combat drug smuggling,' in Zimbabwe
POLICE Commissioner-General Godwin Matanga has called on the Government to invest in state-of-the-art technologies at the country's ports of entry and exit to combat the smuggling of illicit drugs and...Published: 13 Apr 2023 at 08:10hrs | 3 | by Staff reporter
Giant step taken on Zimbabwe's 1 000MW floating solar project
THE bankability and feasibility study for the 1 000 Megawatt floating solar farm on Lake Kariba is expected to be completed this year while work on the proposed US$1 billion project will commence soon...Published: 04 Apr 2023 at 06:25hrs | 4 | by Mbuso Ndlovu
Cop arrested in Zimbabwe's anti-drugs fight
Police have intensified their campaign against drug suppliers and peddlers under a special operation which has seen several people, including a policeman, being arrested in the past five days while pr...Published: 07 Feb 2023 at 04:57hrs | | by Staff reporter
Zimbabwe developing a new US$60bn capita city
Plans to develop Zimbabwe's new capital city in Mt Hampden are gathering momentum, with a masterplan for the multi-billion-dollar ultra-modern development now complete.The US$60 billion metrop...Published: 31 Jul 2022 at 08:10hrs | 6 | by Staff reporter
Zimbabwe govt desperate for Western bailout
Zimbabwe has taken its begging bowl to the international community as it desperately seeks financial sponsors to help pay off nearly US$2.5 billion in external arrears owed to the World Bank and the A...Published: 30 Apr 2022 at 16:25hrs | | by Staff reporter
Who is really behind the R2bn Tongaat Hulett bid?
WHO sits behind Magister Investments, the prospective new owner of the sugar giant? This mystery is now front and centre in a last-ditch battle by minority shareholders to block the controversial R2 b...Published: 14 Apr 2022 at 06:36hrs | | by Dewald van Rensburg for amaBhungane
State seeks to recover US$32m from Chihuri
The High Court is this week expected to hear a high profile corruption case in which the State is seeking to recover more than US$32 million and forfeit numerous properties from former Police Commissi...Published: 17 Jan 2022 at 06:31hrs | | by Staff reporter
Sable Chemicals to double production to 200 000t
ZIMBABWE'S sole ammonium nitrate production outfit, Sable Chemical Industries says it will double production to 200 000 tonnes a year by 2023 after getting a US$11 million boost from a regional lender...Published: 05 Dec 2021 at 06:17hrs | 8 | by Staff reporter
US$4 billion mystery in Afreximbank, Zimbabwe deals
SHARP differences emerged between Zimbabwean authorities and the Africa Export–Import Bank (Afreximbank) on Friday over the value of loans extended by the regional lender to Harare.During a ...Published: 28 Nov 2021 at 08:02hrs | 6 | by Staff reporter
Stanbic avails US$21,6m for Beitbridge border upgrade
Stanbic Bank and its parent company, Standard Bank Group, recently unveiled a US$21,6 million loan facility for sprucing up of the Beitbridge Border Post and its environs.The loan facility was...Published: 21 Oct 2021 at 06:18hrs | | by Staff reporter
Stanbic Bank facilitates the USD 21.6 M sprucing up of the Beitbridge Border Post
Harare, 20 October 2021: Stanbic Bank and its parent company, Standard Bank Group recently availed a USD21.6 million loan facility for the sprucing up of the Beitbridge Border Post and its environs....Published: 20 Oct 2021 at 18:28hrs | | by Agencies
US$70m for Beitbridge upgrade
THE African Export-Import Bank (AfreximBank) has approved a US$70 million facility to fund the upgrading of the Beitbridge Border Post to enhance smooth trade in Southern Africa. Situated in M...Published: 05 Mar 2021 at 06:16hrs | 1 | by Staff reporter
Great Dyke Investments' half decade tax holiday challenged
DARWENDALE platinum miner, Great Dyke Investments' five-year tax reprieve granted by government recently, now hangs in the balance following an urgent chamber application filed against the controversi...Published: 06 Feb 2021 at 07:07hrs | 1 | by Staff reporter
Mnangagwa forces Newsday to apologise
THE Office of the President and Cabinet has challenged a privately-owned newspaper, NewsDay and a syndicate of online publications to provide evidence that link the President with Tarirai David Mnanga...Published: 13 Nov 2020 at 05:37hrs | 1 | by Staff reporter
Mnangagwa disowns Tarirai David Mnangagwa
The Office of the President and Cabinet continues to view with consternation what clearly is a sustained media campaign by NewsDay and other syndicated online news outlets against His Excellency the P...Published: 12 Nov 2020 at 20:15hrs | 2 | by George Charamba
Mthuli Ncube rules out de-dollarisation
Finance Minister Mthuli Ncube says that Zimbabwe is beginning to engage multilateral creditors, with a view of clearing its US$1.8 billion arrears, which will see the country unlock fresh funding to a...Published: 06 Oct 2020 at 07:25hrs | 8 | by Staff reporter
Russian plan to dig biggest Zimbabwe platinum mine advances
A project that aims to develop Zimbabwe's biggest platinum mine has cleared a significant hurdle, with the African Export-Import Bank completing a due diligence study allowing it to proceed with a $50...Published: 26 Sep 2020 at 19:04hrs | | by Staff reporter
Mthuli Ncube gets tough on domestic debt
The era of reckless spending by line ministries and public entities is over as Government has started operationalising the Public Debt Management Regulations, 2019 that are meant to curb the country's...Published: 05 Apr 2019 at 07:07hrs | 1 | by Staff reporter
Zimbabwe seeking R9 billion for local industry from SA
Government is seeking R9 billion (about US$635,8 million) loan or bond from the South African private sector, in a bid to capacitate the local industry, which is struggling to ramp up production due t...Published: 05 Apr 2019 at 07:06hrs | | by Staff reporter
PHOTOS: Mthuli Ncube meets SA investors
Finance and Economic Development Minister Professor Mthuli Ncube has posted photos of himself meeting with South African investors at First Rand to mobilize support for a syndicated loan/Bond for Zimb...Published: 26 Mar 2019 at 10:57hrs | | by Mandla Ndlovu
Meet Strive Masiyiwa and Chanakira's funder
Andrew Young, Jr has been noted as one of the major people who funded Telecoms Guru Strive Masiyiwa and Banker Nigel Chanakira, it has emerged. Shadowy Twitter character Mmatigari revealed thi...Published: 25 Feb 2019 at 14:28hrs | 4 | by Mandla Ndlovu
Chitando, shareholders clash in Hwange Colliery scandal
MINES minister Winston Chitando unilaterally recommended Hwange Colliery Company Limited's placement under administration without the blessing of other shareholders. The move is widely seen by some of...Published: 09 Nov 2018 at 06:20hrs | 2 | by Staff reporter
Tax evaders give Zimra headaches
Organised criminal networks, smuggling syndicates and gold cartels are costing government millions of dollars and complicating Zimbabwe Revenue Authority (Zimra)'s revenue collection efforts.T...Published: 06 Nov 2018 at 11:40hrs | | by Staff reporter
Carl Joshua Ncube to debut solo show on Breeze FM
High flying entertainment entrepreneur Carl Joshua Ncube is set for another big milestone after getting his various content ideas to be put into a podcast show called The Victoria Falls Weekend PODCAS...Published: 15 Jun 2018 at 13:44hrs | 3 | by Agencies
Mnangagwa admin wins international admiration
THE new administration headed by President Mnangagwa has won international admiration for rolling out freedoms never experienced in the country in many years.In a report by one of the world's ...Published: 08 May 2018 at 07:02hrs | | by Staff reporter
Britain's StanChart bails out Zimbabwe govt
THE Zimbabwean government has committed to paying the US$1,2 billion arrears to the World Bank by April this year, as the first step towards unlocking fresh funding from multilateral institutions, but...Published: 26 Jan 2018 at 07:59hrs | | by Staff reporter
Prominent lawyer dies in car crash, mystery surrounds accident
MYSTERY surrounds the circumstances leading to the fatal accident that claimed the life of prominent Harare lawyer, Edmore Jori in the early hours of Saturday.The accident is understood to hav...Published: 04 Dec 2017 at 15:02hrs | 36 | by Staff reporter
OneMoney launches in Bulawayo
Government says Zimbabweans should embrace mobile money as part of the global trend towards cashless transacting.ICT, Postal and Courier Services Minister Supa Mandiwanzira said this yesterday...Published: 12 Nov 2017 at 07:36hrs | | by Staff reporter
NetOne's OneMoney takes market by storm
MOBILE telecommunications giant, NetOne is set to officially unveil its mobile money platform dubbed OneMoney along with its Zimswitch connected debit card this month.OneMoney, which is a corr...Published: 15 Oct 2017 at 12:27hrs | | by Staff reporter
NetOne set to launch mobile money, debit card
NETONE is set to unveil its mobile money service and a Zimswitch-enabled debit card by month end, as the country's second largest mobile operator expands its product range in the competitive telecoms ...Published: 11 Oct 2017 at 09:35hrs | | by Staff Reporter
Zimbabwe to clear $1.7 billion debt by 2018
ZIMBABWE is likely to clear $1,7 billion of interest and penalties it owes international financial institutions by next year and has made progress in re-engaging them, the World Bank's country directo...Published: 27 Jun 2017 at 06:15hrs | | by Bloomberg
World Bank warns Zimbabwe over $1.2 billion arrears
THE World Bank has warned Zimbabwe's debt-ridden government against using vulture funds to clear the country's arrears with multilateral financial institutions as Harare engages international lenders ...Published: 23 Jun 2017 at 17:32hrs | | by Staff reporter
NMBZ performing well, AGM told
NMBZ Holdings expects its June 30 half-year performance to be better than last year's and its 2017 performance to surpass that of 2016, barring a significant deterioration in the economy, its chief ex...Published: 24 May 2017 at 15:51hrs | | by Mike Hamilton
MDC-T dream of a $100 billion economy
Daily News staff writer Blessings Mashaya speaks to the opposition MDC shadow Finance minister Tapiwa Mashakada. Below are excerpts of the interview.Q: Do you think Finance minister Patrick Ch...Published: 30 Apr 2017 at 14:11hrs | | by Staff reporter
Zim growth constrained by lack of finance
MDC-T senior official Tapiwa Mashakada has said Zimbabwean growth is constrained by among other things the lack of finance capital and investment.He said an MDC government will launc...Published: 09 Apr 2017 at 07:41hrs | | by Stephen Jakes
Strive Masiyiwa's Econet secures billions in funding
Econet Wireless unit Liquid Telecom has secured US$300m (about R4,3bn) to help fund expansion in Africa and its R6,5bn acquisition of Neotel.Standard Bank is arranging the syndicated loan ...Published: 18 Nov 2016 at 08:28hrs | | by Loni Prinsloo and Manuel Baigorri
NMB Bank receives $15 million line of credit for SMEs
Development financial institutions FMO of the Netherlands and Swedfund of Sweden have agreed to together provide NMB Bank with a $15 million line of credit for lending to small and medium enterpri...Published: 27 Sep 2016 at 12:36hrs | | by Agencies
Mutambara appointed ANA President
FORMER deputy prime minister Arthur Mutambara has been unveiled as African News Agency (ANA) president.According to its portfolio, ANA is a syndicated multimedia news service that strives ...Published: 14 Sep 2016 at 12:50hrs | | by Thobekile Zhou
Politics of inequality in Africa
The middle wall between the haves and the have-nots occupies real estate in the cultural imagination of every generation. It has drawn a storm of intellectual sledgehammers in the lapse of history yet...Published: 11 Jan 2016 at 05:31hrs | | by Stanely Mushava
Traffic police leading on corruption
It is sad to note that traffic police are leading in the perpetration of corruption on our roads daily. Police are always fingered by motorists for day light-robbery as they are being coerced to pay b...Published: 24 Nov 2015 at 09:37hrs | | by Suitable Kajau
Nathaniel Manheru an assassin with a pen
Dear Mr. Manheru,I AM writing this letter not to discourage you from sharing your insights and ideas on what Zimbabwe needs to do to lift itself up but to put across another perspective that c...Published: 08 Nov 2015 at 09:48hrs | | by Mutumwa Mawere
Supper that smells too doggy
Zimbabwe: Assassins without gunsOctober 31, 2015 Shingirai Huni Features, Opinion & Analysis, Headlines, Nathaniel ManheruJoram NyathiNathaniel ManheruI will part w...Published: 31 Oct 2015 at 10:53hrs | 1 | by Nathaniel Manheru
South Africa market gardening products flood Mbare musika
Cheap genetically modified organism (GMOs) market gardening products imported from South Africa are flooding Mbare Musika posing unfair competition against the local farmers. The market p...Published: 17 Oct 2014 at 11:10hrs | | by Suitable Kajau
Afreximbank lends Zimbabwe over $500 million annually
THE African Export-Import Bank (Afreximbank) is disbursing an average of $500 million per annum through various financing facilities to Zimbabwe. Afreximbank senior director (finance) Philip ...Published: 07 Oct 2014 at 06:59hrs | | by Staff reporter
Chinamasa begs PTA bank for more funding
UNDER pressure Finance and Economic Development minister Patrick Chinamasa yesterday continued his pursuits to attract funding for the country's comatose economy as he pleaded with the PTA Bank to pum...Published: 25 Sep 2014 at 11:13hrs | | by Staff reporter
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