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Mnangagwa's govt blows unbudgeted US$16m
The government incurred significant unbudgeted expenditures earlier this year by providing twin-cab vehicles to chiefs, a move that has placed their parent ministry in a financial deficit, Finance Min...Published: 13 Sep 2024 at 08:12hrs | 1857 | by Staff reporter
Zimbabwe economic saboteurs go after Finance ministry?
Despite the significant strides made by Zimbabwe's Second Republic in reviving the economy and spearheading widespread infrastructural development, detractors continue to work hard to discredit these ...Published: 13 Sep 2024 at 08:01hrs | 596 | by Staff reporter
Pravin Gordhan kicks the proverbial bucket
Pravin Gordhan served as a minister during the state capture years. But he will also be remembered for being among those who pushed back against its architects.Gordhan passed away on Friday at...Published: 13 Sep 2024 at 06:34hrs | 985 | by Staff reporter
Guvamatanga faces scrutiny over South African properties
George Guvamatanga, the Permanent Secretary of the Ministry of Finance, is under investigation following revelations of his extensive property portfolio in South Africa. This development has raised si...Published: 10 Sep 2024 at 08:25hrs | 9838 | by Staff reporter
Zimbabwe must be bold in FDI drive
Finance, Economic Development, and Investment Promotion Permanent Secretary George Guvamatanga has disclosed that the government has been inundated with demands from prospective investors seeking Zimb...Published: 09 Sep 2024 at 08:24hrs | 94 | by Staff reporter
Zimbabwe govt intervenes to end dual pricing
The government is closely monitoring businesses that are manipulating the exchange rate by using black market rates instead of the official ZiG currency rate. This practice undermines the ZiG, which i...Published: 05 Sep 2024 at 17:07hrs | 6005 | by Staff reporter
Harare-Chirundu Highway upgrade works resume
Work on the Harare-Chirundu highway has resumed, with five local contractors - Tensor Systems, Bitumen World, Masimba, Fossil, and Exodus and Company - now actively on-site. These contractors ...Published: 28 Aug 2024 at 09:55hrs | 2124 | 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 | 746 | by Staff reporter
Mnangagwa must fire Mthuli, Mushayavanhu & Guvamatanga, says Zanu-PF activist
South African-based Zanu-PF supporter Kudzai Mutisi has urged President Emmerson Mnangagwa to remove Minister of Finance, Economic Development and Investment Promotion Mthuli Ncube, the Ministry's per...Published: 22 Aug 2024 at 14:59hrs | 3787 | by Staff reporter
Zimbabwe treasury defends transit fuel tax
THE new import duty for fuel tankers in transit, paid on entry and refunded on exit, was necessary to curb the abuse of the electronic cargo tracking system, the Permanent Secretary for Finance, Econo...Published: 22 Aug 2024 at 06:28hrs | 236 | by Staff reporter
US thumbs up for Zimbabwe investment
U.S. Ambassador to Zimbabwe, Pamela Tremont, has stated that Washington is actively lobbying American firms to explore investment opportunities in Zimbabwe, a country she describes as having significa...Published: 15 Aug 2024 at 14:52hrs | 869 | by Staff reporter
Zapu calls for SADC action against Zanu-PF
ZAPU has joined the list of growing organisations concerned about the government's clampdown on citizens ahead of the 44th Southern African Development Community (SADC) Summit in Harare, questio...Published: 13 Aug 2024 at 17:14hrs | 481 | by Staff reporter
Zimbabwe seeks high-net-worth partners for startups fund
Deputy Finance, Economic Development, and Investment Promotion Minister David Mnangagwa has announced that the Treasury is seeking strategic alliances with high-net-worth individuals to operationalize...Published: 05 Aug 2024 at 07:09hrs | 110 | by Staff reporter
Zimbabwe white farmers reject 'bad deal'
Representatives of white commercial farmers whose land was expropriated by the Zimbabwean government have rejected Treasury Bills (TBs) proposed as compensation. This comes after the government's land...Published: 03 Aug 2024 at 12:56hrs | 1249 | by Staff reporter
Zimbabwe needs US$10 million to procure condoms
Zimbabwe needs to raise over US$10 million from domestic sources to support condom procurement for 2025 and 2026 due to the withdrawal of donor funding. The country has three markets for condoms: publ...Published: 29 Jul 2024 at 04:11hrs | 73 | by Staff reporter
Zimbabwe to utilise PPPs to expedite roads rehab in Matebeleland
The Ministry of Transport and Infrastructural Development says it is utilising Public-Private Partnerships (PPPs) to expedite the rehabilitation of some dilapidated roads in the Matabeleland region....Published: 26 Jul 2024 at 09:05hrs | 700 | by Staff reporter
Lupane sits on sewage time bomb
Local Government Minister Daniel Garwe has attributed the delay in constructing a modern sewage reticulation plant in Lupane to the late release of funds by the Treasury. Lupane, the provincia...Published: 26 Jul 2024 at 06:36hrs | 122 | by Staff reporter
Finance Ministry blacklists 51 govt suppliers
The Treasury has blacklisted 51 government contractors for engaging in black market activities after receiving payments in local currency. Treasury boss Mthuli Ncube state...Published: 25 Jul 2024 at 12:48hrs | 862 | by Staff reporter
Treasury criticizes AG
Finance Secretary George Guvamatanga has criticized the Auditor General's (AG) report on undelivered motor vehicles, calling it "misdirected" and claiming that the issues it raised were already known ...Published: 23 Jul 2024 at 07:22hrs | 345 | by Staff reporter
Khupe reveals new cancer fight
Former Deputy Prime Minister, Thokozani Khupe has implored parliament to exercise its influence on government to channel more resources towards cancer treatment and awareness programmes as she went de...Published: 20 Jul 2024 at 14:43hrs | 926 | by Staff reporter
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 | 1715 | by Staff reporter
Zimbabwe govt bolsters oversight of devolution funds
The Zimbabwean government has intensified its oversight of devolution fund usage by metropolitan councils and local authorities to address widespread financial mismanagement. The newly launched Zimbab...Published: 15 Jul 2024 at 16:41hrs | 165 | by Staff reporter
Zimbabwe plans to shorten the training period for midwives
The government plans to shorten the training period for midwives from two years to 18 months to address the shortage of skilled health personnel, especially in rural areas. Health and Child Care Minis...Published: 15 Jul 2024 at 08:12hrs | 118 | by Staff reporter
Confusion over Lake Gwayi-Shangani completion
State Media today reported that Lake Gwayi-Shangani, the country's third-largest inland reservoir, is now 70 percent complete with completion expected before year-end.Once reported by the same...Published: 14 Jul 2024 at 09:54hrs | 1336 | by Staff reporter
Mnangagwa promises free food for all in need
The government has committed to supporting food-insecure Zimbabweans affected by the El Niño-induced drought, intensifying its food aid program nationwide to ensure no one dies of hunger, President E...Published: 14 Jul 2024 at 09:49hrs | 87 | by Staff reporter
Inside Mnangagwa govt's financial rot
A new report by Zimbabwe's acting Auditor-General, Rhea Kujinga, highlights significant financial mismanagement and non-compliance within various government ministries. Seven ministries failed to resp...Published: 13 Jul 2024 at 12:49hrs | 57 | by Staff reporter
Zimbabwe should ditch the toxic US dollar
Zimbabwe's economy has been intertwined with the US dollar for over a decade, a relationship that began as a pragmatic response to hyperinflation and economic collapse in the late 2000s. The adoption ...Published: 12 Jul 2024 at 09:46hrs | 55 | by Staff writer
Mnangagwa releases ZiG 154m for cash transfers to urbanites
The Treasury has released ZiG154 million to the Ministry of Public Service, Labour, and Social Welfare for disbursement to vulnerable persons in urban areas. The funds will be available for withdrawal...Published: 12 Jul 2024 at 08:09hrs | 7 | by Staff reporter
VAT for agricultural inputs remains suspended in Zimbabwe
The Treasury has reaffirmed its decision to maintain the suspension of a 15 percent Value Added Tax (VAT) on agricultural inputs, implements, and produce. This initiative is part of a broader strategy...Published: 06 Jul 2024 at 15:56hrs | 26 | by Staff reporter
The Sentry report on Mutapa Fund is shallow and weak
I had the MISFORTUNE of going through a report prepared and distributed by The Sentry, possibly written by an excitable Nick Donovan. Long story short, the report is shallow and weak. Here is ...Published: 04 Jul 2024 at 16:37hrs | 10 | by MMatigary
Zec facing legal action
The Zimbabwe Electoral Commission (Zec) is facing legal action over a controversial US$40 million tender awarded to businessmen linked to Zanu-PF for the procurement of electoral materials ahead ...Published: 03 Jul 2024 at 10:28hrs | 3 | by Staff reporter
Protesters across Kenya say 'Ruto must go!'
Kenyan riot police fired tear gas at protesters in Nairobi on Tuesday and demonstrations erupted in other cities across the country demanding the resignation of President William Ruto, following a wee...Published: 02 Jul 2024 at 12:04hrs | 14 | by Staff reporter
Mnangagwa's govt happy with mismatch in deployment of ECD teachers
The article below was published by the government controlled Chronicle 2 years ago but Shona supremacists are today firing Ministers for implementing the same policy....Published: 02 Jul 2024 at 09:35hrs | 3 | by Staff reporter
Zec faces probe
The Zimbabwe Electoral Commission (Zec) faces scrutiny from the Parliamentary Public Accounts Committee following revelations of a tender scandal involving Wicknell Chivayo and his associates. ...Published: 02 Jul 2024 at 06:38hrs | | by Staff reporter
Boost for ZSE as govt suspends tax on stocks
Government has implemented significant tax reductions and suspensions aimed at revitalizing trading activity on the Zimbabwe Stock Exchange (ZSE). The 40% capital gains tax (CGT) on stocks sol...Published: 02 Jul 2024 at 06:36hrs | 2 | by Staff reporter
Tshabangu takes ZEC toilet scandal to Senate
Opposition senator Sengezo Tshabangu has demanded answers from the Finance Ministry on why Treasury went ahead to disburse US$9 million towards the procurement of portable toilets and vests from a Sou...Published: 01 Jul 2024 at 04:29hrs | 1 | by Staff reporter
IMF says Zimbabwe's economy continues to show resilience
In light of new policy developments, an International Monetary Fund (IMF) staff team led by Mr. Wojciech Maliszewski conducted a second mission to Harare during June 18-27, 2024, to conclude the 2024 ...Published: 28 Jun 2024 at 13:01hrs | 4 | by Staff reporter
ZEC paid US$5.4 million for fancy V11 display boxes that it never used
The Zimbabwe Electoral Commission (ZEC) splurged US$5 million on gadgets to display digital V11 polling station forms for last August's elections - but the devices, bought at inflated prices, were onl...Published: 28 Jun 2024 at 09:16hrs | 1 | by Staff reporter
ZACC to summon Chimombe, Mpofu later
Harare businessmen Mike Chimombe and Moses Mpofu, along with their legal representatives, visited the Zimbabwe Anti-Corruption Commission (ZACC) offices for investigatory interviews but were not ...Published: 25 Jun 2024 at 10:42hrs | 1 | by Staff reporter
Ramaphosa implicated in a tender for pals scandal
President Cyril Ramaphosa is once again implicated in a tender for pals scandal.While South Africans are fixated on the so-called Government of National Unity (GNU) Cabinet appointment, govern...Published: 24 Jun 2024 at 07:07hrs | 7 | by Staff reporter
Zimbabwe awaits funding to launch food aid
The Ministry of Public Service, Labour and Social Welfare in Zimbabwe has announced plans to initiate a cash-for-cereal aid programme aimed at assisting vulnerable communities affected by the El Nino-...Published: 24 Jun 2024 at 07:02hrs | 2 | by Staff reporter
Mthuli Ncube authorises 50-50 currency split for tax payment
The Zimbabwean Treasury has authorized companies to pay their Second Quarter Corporate Income Tax obligations in both local currency (ZiG) and foreign currency on a 50:50 basis. This decision is part ...Published: 20 Jun 2024 at 07:22hrs | 4 | by Staff reporter
Zimbabwe economy stabilising after ZiG introduction
The Zimbabwean economy has shown relative stability in recent months following the Reserve Bank Governor's Monetary Policy statement on April 5, 2024, and the transition from the Zimbabwe Dollar to Zi...Published: 20 Jun 2024 at 07:14hrs | 4 | by Staff reporter
GMB pays US$3, 29 million for grain deliveries
The Grain Marketing Board (GMB) of Zimbabwe has announced a significant payment milestone for farmers, dispersing US$3.29 million for maize and other grains delivered since April 1, 2024. Dr. Edison B...Published: 16 Jun 2024 at 09:39hrs | 7 | by Staff reporter
Insiza District's Avoca Hospital set for upgrade
The government has announced plans to upgrade Avoca Rural Hospital in Insiza District, Matabeleland South, to improve healthcare service delivery. The upgrade will include constructing a new mortuary ...Published: 15 Jun 2024 at 10:57hrs | 4 | by Staff reporter
Zimbabwe govt workers fight US$ NSSA deductions
The Zimbabwe Confederation of Public Sector Trade Unions (ZCPSTU) has petitioned the Public Service Commission (PSC) to halt the anticipated deductions from salaries paid in US dollars. The deductions...Published: 11 Jun 2024 at 06:14hrs | 1 | by Staff reporter
Zimbabwe CIO's business network
Zimbabwe's Central Intelligence Organisation (CIO) likely has a secret stream of money, The Sentry has found. Publicly availa...Published: 10 Jun 2024 at 17:53hrs | 28 | by Staff reporter
Zimbabwe's public service workers to pay pension in foreign currency
The Treasury has announced that all public service workers earning in foreign currency must now make their pension contributions in the same currency, starting this year, as per the directive from the...Published: 03 Jun 2024 at 09:31hrs | 37 | by Staff reporter
Mnangagwa, Chinamasa crosswords
Reports suggest that former Cabinet minister and Zanu-PF politburo member Patrick Chinamasa has allegedly been removed from his influential post as treasury general after conflicting with Preside...Published: 03 Jun 2024 at 08:32hrs | 10 | by Staff reporter
Chivayo hijacks US$40m corrupt ZEC deal
CONTROVERSIAL businessman Wicknell Chivayo, who is close to President Emmerson Mnangagwa and other high-profile government officials, corruptly got a windfall from a murky Zimbabwe Election Commission...Published: 28 May 2024 at 12:47hrs | 4 | by Staff reporter
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