Search / Treasury
Fresh US$100m gold scandal rocks treasury as top Zanu-PF ally implicated
A major financial scandal has erupted at Zimbabwe's Finance Ministry, exposing what appears to be a fraudulent US$100 million payout to a shadowy company linked to a top Zanu-PF gold dealer, Pedzisayi...Published: 22 Apr 2025 at 08:29hrs | 6134 | by Staff reporter
Mnangagwa acolytes want to butcher Constitution, says Geza
War veteran Blessed ‘Bombshell' Runesu Geza has launched a scathing attack on Speaker of Parliament Jacob Mudenda, Justice Minister Ziyambi Ziyambi, and Prosecutor General Virginia Mabiza, accusing ...Published: 22 Apr 2025 at 07:45hrs | 164 | by Staff reporter
Mnangagwa's govt sunk US$10m into chaotic Independence day fete
The Zimbabwean government could have sunk up to US$10 million into the Independence Day celebrations held on Friday, which were marred by a series of embarrassing infrastructure failures and poor work...Published: 21 Apr 2025 at 09:08hrs | 1002 | by Staff reporter
Is Zimbabwe wooing Donald Trump by paying white farmers and ending tariffs?
Long-frozen relations between the United States and Zimbabwe may be thawing after the Southern African nation slashed all taxes on US goods flowing into the country and announced it has begun to pay c...Published: 18 Apr 2025 at 15:19hrs | 717 | by Staff reporter
George Guvamatanga gave company 'illegal' bank guarantee on $20 million loan
Treasury secretary George Guvamatanga has been accused of providing an "illegal and unconstitutional" bank guarantee for a US$20 million loan to a seed company linked to command agriculture corruption...Published: 17 Apr 2025 at 20:32hrs | 6556 | by Staff reporter
Farmers' group rejects compensation deal for past land seizures
A group representing many of the white farmers whose land was seized during Zimbabwe's land reforms over two decades ago has rejected a compensation deal and said it wants to reopen negotiations with ...Published: 17 Apr 2025 at 09:50hrs | 1136 | by Staff reporter
Lt-Gen Sanyatwe assesses progress at NSS
Newly appointed Minister of Sport, Recreation, Arts and Culture, Anselem Sanyatwe, yesterday toured the National Sports Stadium in Harare, marking his first official engagement since assuming office. ...Published: 15 Apr 2025 at 08:39hrs | 773 | by Staff reporter
Why compensate white farmers, not ZPRA?
Veteran freedom fighter and opposition politician Moses Mzila Ndlovu has strongly criticised the Zimbabwean government's recent payment of compensation to white former commercial farmers, calling it a...Published: 14 Apr 2025 at 19:02hrs | 1602 | by Staff reporter
The reality of '9 wasted years' - A decade WMC failed to capture Zuma
For too long, South Africans have been bombarded with a dishonest narrative coined by the very architects of our economic servitude, that the period of President Jacob Zuma's administration represents...Published: 13 Apr 2025 at 14:33hrs | 742 | by Mzwanele Manyi
Why is Mnangagwa's regime silent on South Africa's explosive Wicknell revelations?
There are so many questions on Zimbabwe's minds. A disturbing irony hangs over Zimbabwe today. While South Africa's Financial Intelligence Centre (FIC) has taken decisive steps to inve...Published: 12 Apr 2025 at 21:34hrs | 706 | by Tendai Ruben Mbofana
Mohadi demands restoration of Mpilo radiotherapy machines
Mpilo Central Hospital in Bulawayo is in urgent need of close to R1 million to purchase a new Uninterrupted Power Supply (UPS) system that will ensure continuous radiation sessions for cancer patients...Published: 12 Apr 2025 at 12:54hrs | 82 | by Staff reporter
Zimbabwe issues dollar bonds to pay ex-farmers for land grabs
Zimbabwe issued treasury bonds worth $308 million and made small cash payments to White farmers who were dispossessed of their property 25 years ago under a state-backed land reform program.Th...Published: 12 Apr 2025 at 09:16hrs | 120 | by Staff reporter
Zimra waits for Treasury guidance over US tariff removal
The Zimbabwe Revenue Authority (Zimra) is awaiting formal guidance from the Ministry of Finance, Economic Development, and Investment Promotion regarding the implementation of President Emmerson Mnang...Published: 10 Apr 2025 at 09:09hrs | 120 | by Staff reporter
Zimbabwe white former farmers start receiving compensation
The Government of Zimbabwe has begun compensating white former commercial farmers whose land was repossessed during the Land Reform Programme, marking a pivotal step in the country's efforts to resolv...Published: 10 Apr 2025 at 09:01hrs | 72 | by Staff reporter
Chamisa slams leadership over Chivayo electoral tender scandal
Former Citizens Coalition for Change (CCC) leader Nelson Chamisa has raised the alarm over deepening corruption in Zimbabwe, following explosive revelations tying controversial businessman Wicknell Ch...Published: 09 Apr 2025 at 21:50hrs | 2714 | by Staff reporter
SA election supply firm paid Chivayo R800 million
Zimbabwe's Ministry of Finance paid more than R1.1 billion to a South African company contracted to supply materials for the country's 2023 general elections - and over R800 million of tha...Published: 07 Apr 2025 at 20:40hrs | 1991 | by Staff reporter
Siziva slams Mnangagwa cronies over 'industrial-scale' looting
Prominent opposition activist and Citizens Coalition for Change (CCC) spokesperson, Gift Ostallos Siziva, has launched a scathing attack on what he describes as the "corrupt cabal" propping up Preside...Published: 07 Apr 2025 at 20:30hrs | 2246 | by Staff reporter
Zimbabwe farmers displaced by new city compensated
The Zimbabwean Government has initiated the compensation process for over 300 farmers whose land was repossessed for the development of the new city in Mt Hampden, with five farmers already receiving ...Published: 06 Apr 2025 at 11:33hrs | 1001 | by Staff reporter
Zimbabwe secures 3 month ARV supply
Zimbabwe has secured an additional three-month supply of antiretroviral (ARV) drugs to ensure uninterrupted treatment for people living with HIV, Health and Child Care Minister Dr. Douglas Mombeshora ...Published: 06 Apr 2025 at 11:32hrs | 843 | by Staff reporter
109 Geza31 demo activists arrested! Nyokayemabhunu, Geza, tell us, what are you doing about it?
The government of Zimbabwe gave SADC & South Africa feedback about the effects of Geza M31st demonstration that was quiet, with sporadic incidences, and insignificant. But 109 activists were arres...Published: 05 Apr 2025 at 19:40hrs | 1180 | by Nomazulu Thata
South Africa's GNU at risk after parliament backs budget
South Africa's parliament approved a key piece of budget legislation despite objections from the second-biggest party in the coalition government, raising the risk of the alliance unravelling....Published: 03 Apr 2025 at 07:57hrs | 265 | by Staff reported
Supplier fails to deliver 50 cars to Zimra
THE Zimbabwe Revenue Authority (Zimra) reportedly paid a staggering US$209 million for 85 vehicles but only received 15 Toyota Hilux vehicles, with none of the 50 Toyota Corolla vehicles delivered, Pa...Published: 01 Apr 2025 at 08:43hrs | 940 | by Staff reporter
Zimbabwe's Health ministry in budget quandary
The Ministry of Health and Child Care has called for a supplementary budget to mitigate the impact of the withdrawal of United States funding, particularly towards HIV and Aids programmes. The funding...Published: 27 Mar 2025 at 06:18hrs | 250 | by Staff reporter
Zimbabwe lines up seven sponsors to clear arrears
Zimbabwe is actively negotiating with seven potential sponsors, including individual countries, multilateral financial institutions, and private financiers, to secure the necessary funding, guarantees...Published: 23 Mar 2025 at 08:13hrs | 992 | by Staff reporter
US$2,5 million released to accelerate Lake Gwayi-Tshangani construction
Zimbabwe's infrastructure development agenda is advancing steadily, with public-private partnerships (PPPs) playing a key role in road construction and the release of US$2.5 million to accelerate the ...Published: 19 Mar 2025 at 06:51hrs | 392 | by Staff reporter
Zimbabwe
Zimbabwe has faced numerous challenges in recent years, including economic instability, political turmoil, and social unrest. As the country looks to the future, there are several factors that will ha...Published: 14 Mar 2025 at 19:46hrs | 420 | by Mlilo Joyinani and Ndaba M. Nhuku
Ramaphosa's ANC to increase VAT for South Africa
Finance minister Enoch Godongwana has proposed a 0.5 percentage point increase for value-added tax (VAT) in the 2025/26 financial year, followed by a further 0.5 percentage point increase in 2026/27....Published: 12 Mar 2025 at 15:11hrs | 365 | by Staff reporter
Recruitment of 4 000 teachers starts
The Government has commenced the recruitment of 4,000 teachers as part of a broader initiative to employ 8,000 educators this year, aiming to improve the teacher-learner ratio and enhance the overall ...Published: 12 Mar 2025 at 07:41hrs | 478 | by Staff reporter
Refurbishment of National Sports Stadium gains momentum
The refurbishment of the National Sports Stadium is set to accelerate after the government resolved several challenges that had delayed the project. The 38-year-old facility, which last hosted interna...Published: 12 Mar 2025 at 07:39hrs | 330 | by Staff reporter
Social unrest warning for South Africa
The uMkhonto weSizwe (MK) Party has issued a stern warning to the South African government, threatening widespread protests if the revised budget - set to be presented on Wednesday, 12 March - include...Published: 11 Mar 2025 at 17:13hrs | 1978 | by Staff reporter
Historic environmental crime fines payment with trees
Last week, two Gauteng Province, South Africa-based companies paid for the environmental crimes that they committed by supplying thousands of trees and shrubs (in-kind-payment) to the Gauteng De...Published: 10 Mar 2025 at 13:34hrs | 379 | by Emmanuel Koro
Minister optimistic on Gwayi-Shangani Dam deadline
Matabeleland North Provincial Affairs and Devolution Minister, Richard Moyo, has called on Treasury to urgently release funds for the Gwayi-Shangani Dam project, emphasizing that the project's complet...Published: 09 Mar 2025 at 13:21hrs | 195 | by Staff reporter
Zimbabwe secures US$20 million to construct 120 schools
The Ministry of Primary and Secondary Education has secured US$20 million from international partners, with additional funding from the Treasury, as the Government aims to construct 120 new schools an...Published: 03 Mar 2025 at 12:32hrs | 142 | by Staff reporter
Zimbabwe central bank urges banks to increase ZiG lending
With the Zimbabwe Gold (ZiG) currency now largely stable, the Reserve Bank of Zimbabwe (RBZ) has urged banks to increase lending in ZiG, assuring financial institutions that the risk of depreciation h...Published: 01 Mar 2025 at 08:56hrs | 205 | by Staff reporter
Zimbabwe's debt unsustainably high
The International Monetary Fund (IMF) has warned that Zimbabwe's debt and external arrears remain unsustainably high, forcing the country to rely on its own resources to fund economic activities....Published: 16 Feb 2025 at 07:42hrs | 407 | by Staff reporter
Zesa owes US$350m for Kariba South renovations
Zimbabwe's power utility, Zesa Holdings (Zesa), is grappling with a staggering US$350 million debt for renovations at the Kariba South Power Station, as its foreign currency obligations continue to hi...Published: 13 Feb 2025 at 13:55hrs | 187 | by Staff reporter
Zimbabwe's power deficit soars to 1,560 megawatts
Zimbabwe is grappling with a worsening power crisis, with the country's electricity deficit now standing at a staggering 1,560 megawatts (MW), according to a new report from Parliament's Portfolio Com...Published: 12 Feb 2025 at 15:27hrs | 399 | by Staff reporter
Mnangagwa Law School nears completion in Kwekwe
The construction site of the Emmerson Dambudzo Mnangagwa Law School at Midlands State University (MSU) in Kwekwe buzzed with activity last Thursday as workers diligently pushed forward with the ambiti...Published: 10 Feb 2025 at 06:38hrs | 477 | by Staff reporter
Emmerson Dambudzo Mnangagwa Law School set to open in August
The Midlands State University (MSU)'s Emmerson Dambudzo Mnangagwa Law School in Kwekwe is on track to open its doors in August this year, with construction nearing completion. With over 300 workers on...Published: 05 Feb 2025 at 11:44hrs | 632 | by Staff reporter
Carnage in NGOs, clinics
Thousands of employees in Zimbabwe's non-governmental organisations (NGOs) and civil society organisations (CSOs) face an uncertain future after being told to go home following an executive order by U...Published: 31 Jan 2025 at 07:42hrs | 952 | by Staff reporter
Zimbabwe's inflation surges to 11.6% in January 2025
Zimbabwe's weighted month-on-month inflation rate surged by 10.5 percentage points in January 2025, reaching 11.6 percent from 1.1 percent in December 2024, according to figures released by the Zimbab...Published: 30 Jan 2025 at 06:38hrs | 110 | by Staff reporter
Delta challenges US$73 million tax assessments by ZIMRA
LISTED beverages giant, Delta Corporation Limited, is contesting tax assessments issued by the Zimbabwe Revenue Authority (ZIMRA) for amounts the company believes should have been payable exclusively ...Published: 30 Jan 2025 at 06:38hrs | 287 | by Staff reporter
Bulawayo hosts 2025 Legal Year
The stage is set for the official opening of the 2025 Legal Year, which will take place tomorrow at the Bulawayo High Court. Chief Justice Luke Malaba will preside over the main event, marking a signi...Published: 12 Jan 2025 at 11:59hrs | 201 | by Staff reporter
Veteran accountant vows to bring ZIFA into accountability
Veteran Zimbabwe Football Association (ZIFA) central region chairperson, Gilbert Saika has vowed to bring his experience and expertise on financial accoun...Published: 11 Jan 2025 at 14:22hrs | 997 | by Gideon Madzikatidze/Simbarashe Sithole
RBZ unveils another 'looting scheme'
The Reserve Bank of Zimbabwe (RBZ) has introduced the Targeted Finance Facility (TFF) with an aim to provide affordable credit to key productive sectors such as agriculture, manufacturing, and mining....Published: 11 Jan 2025 at 08:20hrs | 1178 | by Staff reporter
Tshabangu's MPs question validity of Mutapa Investment Fund valuation
Opposition parliamentarians have raised concerns over the validity of the Mutapa Investment Fund's (MIF) asset valuation, pointing to discrepancies between the reported US$16 billion valuation and ear...Published: 22 Dec 2024 at 11:13hrs | 801 | by Staff reporter
Concerns mount over devolution fund shortfalls in Zimbabwe
The government's failure to meet the five percent constitutional threshold for devolution funding since 2019 has sparked widespread criticism. From its inception to 2023, the Inter-Governmental Funds ...Published: 17 Dec 2024 at 15:00hrs | 417 | by Staff reporter
ZBC urged to build national consciousness
The recapitalisation of the Zimbabwe Broadcasting Corporation (ZBC) is essential for the national broadcaster to fulfill its mandate of fostering national consciousness and promoting heritage-based br...Published: 15 Dec 2024 at 09:13hrs | 150 | by Staff reporter
Zimbabwe authorities step up crackdown on smuggled goods
The Zimbabwean government has ramped up efforts to combat smuggling and the influx of counterfeit goods as part of a broader strategy to protect domestic industries and enhance their competitiveness....Published: 15 Dec 2024 at 09:11hrs | 438 | by Staff reporter
Biti criticizes Zimbabwe's economic policies
Former finance minister Tendai Biti has strongly criticized the economic policies under the current administration, describing them as "fictitious" and blaming them for Zimbabwe's ongoing de-industria...Published: 14 Dec 2024 at 12:34hrs | 513 | by Staff reporter
Load More Stories
