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Mthuli Ncube warns Ministries over 'procurement chaos'
Finance Minister Professor Mthuli Ncube has issued a stern warning to government ministries over unchecked procurement practices, describing over-contracting as a "bleeding wound" on the Treasury that...Published: 14 Aug 2025 at 15:25hrs | 341 | by Staff reporter
Why Zimbabweans rue plan to ditch US dollar?
Zimbabwe's plans to drop the US dollar in five years is already causing jitters in an economy that has suffered nearly two decades of currency volatility and bouts of record hyperinflation.Har...Published: 14 Aug 2025 at 10:44hrs | 800 | by Staff reporter
Government debt cripples Masvingo City
Masvingo City Council is facing mounting challenges in delivering basic services due to the government's failure to settle substantial debts owed to the local authority, with claims that various gover...Published: 13 Aug 2025 at 13:04hrs | 190 | by Staff reporter
2030: Zimbabwe will be using domestic currency
THE Reserve Bank of Zimbabwe (RBZ) has announced plans for a structured transition from the current multicurrency system to a domestic monetary framework, aimed at ensuring business continuity and eco...Published: 13 Aug 2025 at 12:35hrs | 414 | by Staff reporter
RBZ's to unlock over US$1 billion in remittances
In a bold move to revive Zimbabwe's struggling economy, the Reserve Bank of Zimbabwe (RBZ) has announced a plan to securitize diaspora remittances, aiming to transform predictable inflows into investa...Published: 10 Aug 2025 at 18:36hrs | 315 | by Staff reporter
Zimbabwe repays US$176 million in external debt
The Zimbabwean government has made notable progress in repaying its external debt, with a total of US$176.28 million paid during the first six months of 2025, according to data released by the Ministr...Published: 10 Aug 2025 at 12:12hrs | 518 | by Staff reporter
Zimbabwe parliament fuel allocations under spotlight
A recent audit report by the Auditor General (AG) has exposed troubling irregularities within Parliament's administration, revealing that senior staff may have been allocating themselves over 1,...Published: 10 Aug 2025 at 10:09hrs | 257 | by Staff reporter
ZimRe pushes to recover funds frozen in US
Financial services giant ZimRe Holdings Limited (ZHL) is mounting a fresh bid to reclaim more than US$1,1 million still locked in the United States from the sanctions era, chief executive officer Stan...Published: 08 Aug 2025 at 08:37hrs | 205 | by Staff reporter
Zimbabwe races to implement IMF-backed reforms
Zimbabwe is racing to implement wide-ranging fiscal and monetary reforms agreed with the International Monetary Fund (IMF), as the country seeks to exit its long-standing debt crisis, rebuild trust wi...Published: 07 Aug 2025 at 17:16hrs | 459 | by Staff reporter
US$0.597 billion paid by Zimbabwe Treasury unaccounted for
The latest report from Zimbabwe's Auditor General has exposed serious violations of public finance management laws, revealing that more than US$597 million in Treasury payments remain unaccounted for ...Published: 06 Aug 2025 at 21:21hrs | 165 | by Staff reporter
Govt employees in Ministry-owned homes risk losing leases
The Ministry of Local Government and Public Works has issued a stern directive to all Government employees residing in Ministry-owned residential properties to settle outstanding lease rentals and pur...Published: 05 Aug 2025 at 12:10hrs | 161 | by Staff reporter
Zimbabwe retailers bank on 6% economic growth
The Confederation of Zimbabwe Retailers (CZR) says it expects consumer spending to rise this year, buoyed by the government's projected 6% economic growth, despite continued pressure on household inco...Published: 05 Aug 2025 at 08:53hrs | 57 | by Staff reporter
Zimbabwe's manufacturing growth target missed
The Zimbabwe National Industrial Development Policy (ZNIDP) 1, aimed at growing the manufacturing sector by at least 2% annually, has failed to meet its target due to ongoing macroeconomic instability...Published: 04 Aug 2025 at 08:53hrs | 109 | by Staff reporter
Lake Gwayi-Shangani project to begin round-the-clock operations
Construction at the Lake Gwayi-Shangani multi-purpose dam has entered an intensive new phase, with contractors set to begin round-the-clock operations as government funding ensures uninterrupted progr...Published: 04 Aug 2025 at 08:51hrs | 418 | by Staff reporter
Economists slam Mthuli Ncube's budget
Economists have sharply criticised Finance Minister Mthuli Ncube's 2025 mid-term budget and economic review, accusing the government of failing to deliver the structural reforms needed to address Zimb...Published: 03 Aug 2025 at 09:59hrs | 253 | by Staff reporter
Funding delays teacher recruitment in Zimbabwe
The government's ambitious plan to recruit 8,000 new teachers to address Zimbabwe's critical teacher-to-student ratio has hit a major snag, with delays in the disbursement of funds from the Treasury s...Published: 02 Aug 2025 at 19:14hrs | 267 | by Staff reporter
Mthuli Ncube commits to easing business costs
Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, delivered the 2025 Mid Term Budget Review Statement on Thursday, affirming Zimbabwe's economic recovery whil...Published: 01 Aug 2025 at 08:43hrs | 162 | by Staff reporter
Zimbabwe govt mulls fresh taxes
Finance Minister Mthuli Ncube yesterday unveiled plans to impose new taxes, despite growing resistance from businesses and taxpayers who argue that Zimbabwe's current tax burden is already suffocating...Published: 01 Aug 2025 at 08:02hrs | 383 | by Staff reporter
Mthuli Ncube declares surplus despite only 35% of budget spent
Finance and Economic Development Minister Mthuli Ncube on Thursday declared a budget surplus of ZWG3.3 billion for the first half of 2025, despite revealing that just 35.5% of the approved National Bu...Published: 31 Jul 2025 at 15:46hrs | 266 | by Staff reporter
Mnangagwa orders monthly funding to revive Gwayi-Shangani dam project
President Emmerson Mnangagwa has instructed the Finance Ministry to ensure a monthly disbursement of USD 5 million toward the completion of the long-delayed Gwayi-Shangani Dam, government spokesperson...Published: 29 Jul 2025 at 19:12hrs | 855 | by Staff reporter
Cash flow constraints hamper devolution funding
Finance Minister Professor Mthuli Ncube has attributed the government's failure to meet the constitutionally mandated five percent allocation of national revenue towards devolution to cash flow constr...Published: 29 Jul 2025 at 18:29hrs | 162 | by Staff reporter
Tagwirei must be stopped, says Biti
Former Finance Minister Tendai Biti has launched a scathing attack on controversial businessman Kudakwashe Tagwirei, accusing him of plundering Zimbabwe's economy and warning that his presidential amb...Published: 29 Jul 2025 at 15:47hrs | 501 | by Staff reporter
Zimbabwe govt risks losing millions in undelivered goods
The Zimbabwean government faces the risk of losing millions of dollars after revelations that several ministries, departments, and agencies (MDAs) have yet to receive vehicles and other assets paid fo...Published: 29 Jul 2025 at 09:04hrs | 655 | by Staff reporter
Zimsec Amendment Bill falls short, says teacher union
The Federation of Zimbabwe Educators Unions (FOZEU) has criticised the newly gazetted Zimbabwe Schools Examination Council (Zimsec) Amendment Bill, saying it fails to adequately address the stru...Published: 29 Jul 2025 at 08:43hrs | 128 | by Staff reporter
Zimbabwe needs G20 help to exit debt trap
Zimbabwe's best chance of exiting a 25-year debt default is to engage the Group of 20 nations to help formulate a solution and stop trying to work its way out of the quagmire itself, World Bank Presid...Published: 28 Jul 2025 at 14:02hrs | 157 | by Staff reporter
Financial mismanagement at Parliament of Zimbabwe exposed
The Auditor-General has exposed alarming financial irregularities at the Parliament of Zimbabwe, including unauthorised fuel allocations, ballooning payment arrears, and undelivered government vehicle...Published: 28 Jul 2025 at 08:49hrs | 262 | by Staff reporter
Zimra, Delta in fresh spat over taxes
The Zimbabwe Revenue Authority (Zimra) is demanding an additional US$73 million in tax from Delta Corporation Limited, escalating tensions between the tax agency and one of the country's largest corpo...Published: 27 Jul 2025 at 21:04hrs | 516 | by Staff reporter
GMB maize intake rises 100%
The Grain Marketing Board (GMB) has recorded a 100 percent surge in maize intake between April 1 and July 24 this year, compared to the same period in 2024, signalling improved grain deliveries amidst...Published: 27 Jul 2025 at 21:01hrs | 305 | by Staff reporter
Zimsec amendment bill, 2025 falls short of expectations
THE Zimbabwe School Examinations Council Amendment Bill, 2025, which seeks to amend the existing ZIMSEC Act [Chapter 25:18], fails to tackle the legislative gaps arising from changes and needs in the ...Published: 27 Jul 2025 at 20:57hrs | 101 | by Obert Masaraure
Zimbabwe civil servants fume over unpaid 2023 allowances
Civil servants engaged in the 2023 mobile registration exercise are expressing mounting frustration over unpaid allowances owed by the Civil Registry Department. Despite completing the program two yea...Published: 27 Jul 2025 at 11:16hrs | 118 | by Staff reporter
'Better Schools Program Zimbabwe, a huge scam'
A damning audit has revealed that the Better Schools Program Zimbabwe (BSPZ) Fund in Masvingo Province is operating illegally, lacking a registered constitution and failing to secure mandatory approva...Published: 26 Jul 2025 at 15:12hrs | 298 | by Staff reporter
Govt increases BEAM disbursements to ease pressure on rural schools
The Zimbabwean government has doubled monthly disbursements under the Basic Education Assistance Module (BEAM) from ZiG200 million to ZiG400 million, in a move aimed at clearing arrears and easing mou...Published: 26 Jul 2025 at 11:28hrs | 145 | by Staff reporter
AG exposes massive financial mismanagement
A damning report by Acting Auditor-General Rhea Kujinga, tabled in Parliament this week, has uncovered widespread financial mismanagement, weak internal controls, and systemic accounting failures ...Published: 25 Jul 2025 at 09:24hrs | 229 | by Staff reporter
IMF sees signs of recovery in Zimbabwe
Zimbabwe is showing early signs of economic recovery and macroeconomic stabilization, buoyed by recent policy reforms and improved fiscal management, according to the International Monetary Fund (IMF)...Published: 24 Jul 2025 at 16:53hrs | 821 | by Staff reporter
45 vehicles to transform GMB, Arda operations
In a significant boost to Zimbabwe's agricultural sector, President Emmerson Mnangagwa has donated 30 grain carrier trucks and 15 Isuzu 4×4 single cab vehicles to the Grain Marketing Board (GMB) and ...Published: 24 Jul 2025 at 09:35hrs | 264 | by Staff reporter
UK overtakes China as second-largest US Treasury holder
China's recorded holdings of US Treasuries have fallen below those of the UK for the first time since the start of the century, underlining a shift in Beijing's management of its foreign reserves....Published: 21 Jul 2025 at 19:41hrs | 344 | by Staff reporter
RBZ exposes massive money laundering
The Reserve Bank of Zimbabwe (RBZ) has unearthed large-scale illicit financial flows (IFFs) in the country's real estate and motor vehicle dealership sectors, revealing industrial-scale money launderi...Published: 18 Jul 2025 at 14:40hrs | 1552 | by Staff reporter
Govt increases councillors' allowances
The Government has announced a new comprehensive package of allowances and benefits for local authority officials, offering them housing stands, motorbike loans, and other perks such as free parking a...Published: 17 Jul 2025 at 20:51hrs | 418 | by Staff reporter
Govt workers stage a flash protest at Mthuli Ncube's office
Civil servants staged a flash protest yesterday at the New Government Complex before marching to the offices of the Ministry of Finance, Economic Development and Investment Promotion in Harare, pressi...Published: 15 Jul 2025 at 08:20hrs | 695 | by Staff reporter
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 | 678 | by Staff reporter
Zacc raises red flag over corruption in shipping and forwarding sector
The Zimbabwe Anti-Corruption Commission (ZACC) has raised alarm over a growing number of corruption cases linked to the shipping and forwarding of goods, warning that such practices are costing the co...Published: 10 Jul 2025 at 18:32hrs | 366 | by Staff reporter
Vote-buying for beginners: A Zvigananda guide to electoral philanthropy
Meet Taurai Kandishaya - philosopher of the gutter, hustler by vocation, and a loyal missionary of the Zvigananda gospel: "In Harare, money speaks; morals take a kombi." He recently took to Facebook t...Published: 09 Jul 2025 at 08:19hrs | 413 | by Reason Wafawarova
Zimbabwe govt to settle parastatal debt
The Ministry of Finance, Economic Development and Investment Promotion says it is intensifying efforts to settle mounting debts owed to state-owned enterprises (SOEs), including telecoms giant T...Published: 06 Jul 2025 at 19:47hrs | 1709 | by Staff reporter
RBZ to launch diaspora-backed securities
The Reserve Bank of Zimbabwe (RBZ) is preparing to introduce securitised financial instruments backed by diaspora remittances, a bold move aimed at unlocking over US$1 billion in annual inflows ...Published: 04 Jul 2025 at 12:41hrs | 315 | by Staff reporter
Gwayi-Shangani dam stalls due to funding delays
The delayed construction of the critical 10MW mini-hydropower plant at the Gwayi-Shangani Dam is threatening to derail Zimbabwe's long-term plans to supply water to Bulawayo through a 251km pipeline, ...Published: 02 Jul 2025 at 18:12hrs | 910 | by Staff reporter
TelOne suffers liquidity crunch
State-owned telecommunications giant TelOne Private Limited is facing a serious liquidity crisis amid revelations that the government owes the company US$19.2 million for voice and data services rende...Published: 02 Jul 2025 at 09:37hrs | 201 | 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 | 194 | 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 | 459 | by Staff reporter
Zimbabwe govt under fire over TBs mismanagement
The Zimbabwean government is facing renewed criticism over its handling of Treasury Bills (TBs), amid allegations of corruption, regulatory manipulation, and financial mismanagement that have raised a...Published: 01 Jul 2025 at 08:16hrs | 532 | by Staff reporter
Zimbabwe's teacher shortage crisis worsens
Zimbabwe's education sector is facing mounting pressure as the teacher-to-pupil ratio has climbed to an alarming 1:45-far above the recommended standard of one teacher for every 20 learners in early c...Published: 30 Jun 2025 at 09:06hrs | 315 | by Staff reporter
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