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Zimbabwe chiefs to receive bonuses raising controversy
In a move that is likely to spark debate, Zimbabwe's traditional chiefs are set to receive bonuses just two months after they were gifted twin-cab vehicles worth millions of dollars. The decision come...Published: 20 Nov 2024 at 06:58hrs | 352 | by Staff reporter
Zimbabwe govt sinks in deep financial hole
The recent 43% devaluation of Zimbabwe's Zimbabwe Gold (ZiG) currency has exacerbated the government's financial crisis, leaving it struggling to meet its obligations while civil servants and other pu...Published: 19 Nov 2024 at 13:38hrs | 7410 | by Staff reporter
Underfunding sinks Zimbabwe school projects
Government-funded school projects are progressing at a snail's pace, with many targets missed due to insufficient funding from Treasury, according to a Parliamentary Portfolio Committee report. The re...Published: 19 Nov 2024 at 08:50hrs | 58 | by Staff reporter
Zimbabwe finance ministry bans foreign trips
The Zimbabwean government is tightening its belt in response to a severe cash crunch as it approaches the end of 2024. Finance Secretary George Guvamatanga has announced measures aimed at curbing spen...Published: 18 Nov 2024 at 15:24hrs | 5520 | by Staff reporter
Zimbabwe cuts some spending items as ZiG drop hits budget
Zimbabwe's currency devaluation is forcing the government to cut spending on certain budget items.The country's Treasury asked government departments to prioritize their spending commitments f...Published: 18 Nov 2024 at 15:08hrs | 150 | by Staff reporter
Innscor engages govt over tax
Innscor Africa Limited has raised concerns over high taxes and their detrimental impact on the company's profitability, warning that the escalating cost-push pressures are putting a strain on its fina...Published: 18 Nov 2024 at 15:06hrs | 165 | by Staff reporter
Mnangagwa commissions US$18,5m Bulawayo students' complex
President Emmerson Mnangagwa yesterday officially commissioned the state-of-the-art Bulawayo Students Accommodation City Complex, a landmark project in Matsheumhlope suburb valued at US$18.5 million. ...Published: 16 Nov 2024 at 14:22hrs | 322 | by Staff reporter
Confidence in Zimbabwe gold currency hits historic low
Confidence in the Zimbabwe Gold (ZiG) currency has dropped to an all-time low, a member of the Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee has admitted.Introduced in April this ye...Published: 14 Nov 2024 at 09:52hrs | 1783 | by Staff reporter
Mthuli Ncube to clear ZiG57m BEAM arrears
The Government has pledged to clear ZiG57 million in arrears owed to the Basic Education Assistance Module (BEAM), following a recent directive from the ruling Zanu-PF party to settle outstanding debt...Published: 14 Nov 2024 at 09:23hrs | 91 | by Staff reporter
Zimbabwe sitting on a time bomb, minister warns
Youth Empowerment Minister Tinoda Machakaire expressed frustration on Friday over Treasury's failure to settle approved allocations for his ministry as outlined in the 2024 national budget. Machakaire...Published: 10 Nov 2024 at 11:00hrs | 1164 | by Staff reporter
Emmerson Mnangagwa Stadium to be built in Mt Hampden?
In a bid to tackle the country's ongoing stadium crisis, the Parliamentary Portfolio Committee on Sports, Arts and Recreation has recommended the construction of a new stadium in Mt Hampden, located j...Published: 08 Nov 2024 at 07:13hrs | 11101 | by Staff reporter
ZiG4 billion required for digital migration
Zimbabwe requires an estimated ZiG4 billion to fully execute the second phase of its long-delayed digital migration project, known as Zim Digital, according to Dr. Jenfan Muswere, the Minister of Info...Published: 08 Nov 2024 at 06:56hrs | 87 | by Staff reporter
Zimbabwe govt posts ZiG3,4bn budget deficit
GOVERNMENT has reported a ZiG3,4 billion budget deficit for the first nine months of the year owing to inflationary pressures and growing expenditure.Finance, Economic Development and Investme...Published: 07 Nov 2024 at 07:13hrs | 268 | by Staff reporter
MPs demand release of CDF funds
Zimbabwean legislators have expressed frustration over the delayed release of Community Development Funds (CDF), which are intended to support development projects in their constituencies. The issue w...Published: 06 Nov 2024 at 06:58hrs | 44 | by Staff reporter
BancABC uses 'dirty tactics' to silence bosses?
BancABC is engulfed in controversy, facing accusations of fabricating charges against at least nine top managers as part of a strategy to evade paying retrenchment packages, NewZimbabwe.com has learne...Published: 04 Nov 2024 at 06:50hrs | 1337 | by Staff reporter
Bonuses for civil servants will be paid starting Friday next week
Starting Friday next week, Zimbabwean public sector employees will begin receiving their 2024 annual bonuses, with the first 50 percent instalment to be paid alongside November salaries and the remain...Published: 03 Nov 2024 at 10:05hrs | 1417 | by Staff reporter
Kwekwe doctors' residence project stalls
The reconstruction of the doctor's residence at Kwekwe General Hospital remains stalled due to lack of funding, leaving hospital staff struggling for accommodation nearly four years after a devastatin...Published: 01 Nov 2024 at 06:31hrs | 66 | by Staff reporter
Willowgate linked minister in another scandal involving 'stolen' millions
The High Court has mandated Public Service, Labour and Social Welfare Minister July Moyo and Higher and Tertiary Education Minister Fredrick Shava, who is linked to the Willowgate motor scandal, to re...Published: 30 Oct 2024 at 07:56hrs | 702 | by Staff reporter
One-stop-shop for Victoria Falls road upgrade
The Zimbabwean government has established a one-stop-shop to streamline coordination between key stakeholders and expedite the finalisation of a concession agreement for the rehabilitation of the Beit...Published: 30 Oct 2024 at 07:54hrs | 1150 | by Staff reporter
Zimbabwe ministers convicted for borrowing delinquency
Public Service Minister July Moyo and Higher and Tertiary Education Minister Fredrick Shava have been ordered by the High Court to repay a staggering ZWG206,370,840, which was borrowed from critical s...Published: 29 Oct 2024 at 16:37hrs | 5807 | by Staff reporter
Mnangagwa's govt in soup over unsanctioned US$500m 'loan'
A local citizen, Marvelous Khumalo, has taken the Zimbabwean government to court, demanding the repayment of over half a billion United States dollars allegedly misappropriated through unauthorized bo...Published: 29 Oct 2024 at 07:44hrs | 1115 | by Staff reporter
Zanu-PF to renew talks with Britain over pledge to fund Zimbabwe land reform process
President Emmerson Mnangagwa's party plans to reopen talks with Britain amid faint hopes the former colonial master could reconsider a return to its pledges to contribute financially towards Harare's ...Published: 28 Oct 2024 at 09:50hrs | 413 | by Staff reporter
Zimbabwe sees US$16.3 billion in diaspora remittances over a decade
Zimbabwe has experienced a significant influx of diaspora remittances, totaling US$16.3 billion over the past ten years, as more Zimbabweans living abroad send money back home to support their familie...Published: 28 Oct 2024 at 07:05hrs | 395 | by Staff reporter
Zimbabwe's new policy outlines plans to widen tax base
The Zimbabwean government has announced a new policy under the Zimbabwe Industrial Reconstruction and Growth Plan (ZIRGP) to simplify tax models for Small to Medium Enterprises (SMEs). This move aims ...Published: 27 Oct 2024 at 12:18hrs | 264 | by Staff reporter
Zimbabwe govt officials accused of land grab at Kanondo
Government officials have been accused of seizing land in the Kanondo area of Matabeleland North, designated for relocating villagers from Lubimbi to make way for the Gwayi-Tshangani Dam catchment are...Published: 25 Oct 2024 at 14:39hrs | 299 | by Staff reporter
Zimbabwe scales up fight against fraudulent vehicle imports
The Zimbabwe Revenue Authority (ZIMRA) has enlisted the help of the police in a new operation to track down fraudulently imported vehicles in the capital. The exercise, which runs from October to Dece...Published: 24 Oct 2024 at 16:27hrs | 4186 | by Staff reporter
Is Zimbabwe about to create land oligarchs?
The government, through Information minister Jenfran Muswere, has announced a significant shift in land policy, declaring that state land, previously offered to local indigenous people under the "land...Published: 21 Oct 2024 at 11:06hrs | 704 | by Admire Maparadza Dube
US$48 million needed to complete Lake Gwayi-Tshangani by 2025
At least US$48 million is required next year to complete the construction of Lake Gwayi-Tshangani, a crucial water project aimed at alleviating water shortages in Bulawayo and surrounding areas. This ...Published: 21 Oct 2024 at 07:40hrs | 251 | by Staff reporter
BRICs payment system being tested
A new digital payments system, BRICS Pay, debuted for live testing at this week's BRICS Business Forum at the International Trade Center in Moscow.During the trial - on 17 and 18 October - for...Published: 19 Oct 2024 at 15:54hrs | 1749 | by Staff reporter
Zimbabwe is undermining the ZiG by overspending
Zimbabwe's new gold-backed currency is likely being undermined by the state tapping the central bank for funding and selling Treasury bills to pay for its overspending, Imara Asset Management said....Published: 18 Oct 2024 at 08:54hrs | 1264 | by Staff reporter
George Guvamatanga rules out Zimbabwe exchange-rate convergence
Zimbabwe won't allow the street rate of the ZiG to determine where its official rate should be as it isn't driven by market fundamentals, a senior Treasury official said.The ZiG is trading at ...Published: 18 Oct 2024 at 08:53hrs | 1701 | by Staff reporter
Zimbabwe will start to pay 444 white farmers after land grabs
Zimbabwe will begin compensating White farmers whose land was seized in 2000 and led to the decimation of agriculture and the economy.The government has cleared 444 former commercial farm owne...Published: 17 Oct 2024 at 09:09hrs | 425 | by Staff reporter
Taxes, fees to be paid in ZiG
The Zimbabwean Treasury is set to implement new measures requiring most taxes and fees to be paid exclusively in the Zimbabwe Gold (ZiG) currency, a move aimed at increasing demand and stabilizing its...Published: 17 Oct 2024 at 09:05hrs | 2516 | by Staff reporter
Over 400 ex-settlers to get compensation
In a significant development for former farm owners, over 400 individuals have been cleared for compensation under the Global Compensation Deed, aimed at addressing losses incurred during Zimbabwe's f...Published: 17 Oct 2024 at 08:59hrs | 189 | by Staff reporter
Zimbabwe scores milestones on arrears clearance process
The Government of Zimbabwe has received commendations for significant progress in the implementation of reforms under the Arrears Clearance and Debt Resolution process, a vital step towards transformi...Published: 17 Oct 2024 at 08:57hrs | 182 | by Staff reporter
Mnangagwa's adviser says ZiG is 'doomed', warns RBZ Governor
Local economist and adviser to President Emmerson Mnangagwa, Eddie Cross, has issued a stark warning to Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu, cautioning that the country's new Zim...Published: 15 Oct 2024 at 18:10hrs | 5661 | by Staff reporter
Councillors to get US$75 fixed monthly allowance
In a significant move aimed at addressing rampant corruption within local authorities, Local Government Minister Daniel Garwe has announced a new monthly allowance structure for councillors. Effective...Published: 13 Oct 2024 at 15:52hrs | 415 | by Staff reporter
Mthuli Ncube assures Zimbabweans amid ZiG volatility concerns
Finance Minister Mthuli Ncube has reassured Zimbabweans that there is no cause for alarm regarding potential volatility of the Zimbabwe Gold (ZWG) currency, citing the country's balanced local currenc...Published: 12 Oct 2024 at 11:22hrs | 376 | by Staff reporter
Zinara claims to be liquid to rehabilitate roads
The Zimbabwe National Road Administration (Zinara) has pledged to continue rehabilitating and constructing roads across the country, assuring the public that it has secured sufficient funds for these ...Published: 10 Oct 2024 at 07:48hrs | 531 | by Staff reporter
USD salary rise, bonus for Zimbabwe civil servants
The Treasury has earmarked substantial funds to increase the remuneration of government employees, with a particular focus on raising the US dollar salary component. This move aims to cushion workers ...Published: 06 Oct 2024 at 10:01hrs | 1629 | by Staff reporter
ZiG adjustment stabilises prices, claims Mthuli Ncube
The recent adjustment of the exchange rate between the Zimbabwe Gold (ZiG) currency and the United States dollar has successfully stabilised market prices, Finance, Economic Development and Investment...Published: 05 Oct 2024 at 11:29hrs | 164 | by Staff reporter
BAZ, central bank meet over policy interventions
The Bankers Association of Zimbabwe (BAZ) held a crucial meeting with the Reserve Bank of Zimbabwe (RBZ) governor, Dr. John Mushayavanhu, on Monday to address key policy changes from the Monetary Poli...Published: 03 Oct 2024 at 08:44hrs | 54 | by Staff reporter
Cosatu slams Ramaphosa's 'sellout' GNU government
Long serving ANC alliance partner the Congress of South African Trade Unions (Cosatu) in KwaZulu-Natal has broken ranks, saying the once-ruling party was teetering on the brink of total collapse due t...Published: 27 Sep 2024 at 08:52hrs | 295 | by Staff reporter
'Zimbabwe's feja-feja economics not working'
Major retail shops in Zimbabwe adjusted their exchange rates to ZiG30 per dollar yesterday as the local currency continued to falter, a day after President Emmerson Mnangagwa accused economic "saboteu...Published: 27 Sep 2024 at 08:26hrs | 284 | by Staff reporter
Zimbabwe war heroes' graves in Zambia, Mozambique desecrated
Recent reports have revealed a distressing situation regarding the graveyards of liberation war heroes, particularly those located in Zambia and Mozambique, which have been desecrated as farming activ...Published: 27 Sep 2024 at 08:24hrs | 261 | by Staff reporter
Bulawayo pleads for US$15m stuck at Treasury
Civic society organizations (CSOs) in Bulawayo have called on the Parliament of Zimbabwe to compel the Treasury to swiftly release the remaining funds from a US$15 million allocation requested by the ...Published: 26 Sep 2024 at 10:20hrs | 124 | by Staff reporter
'Mnangagwa's govt sidelining opposition councillors'
Libion Sibanda, the legislator for Tsholotsho North representing the Citizens Coalition for Change (CCC), has voiced serious concerns regarding the exclusion of elected opposition councillors from dev...Published: 26 Sep 2024 at 10:20hrs | 134 | by Staff reporter
MPs call for completion of Lake Gwayi-Tshangani
Parliamentarians and Bulawayo city councillors have commended the progress made by the Second Republic in the construction of Lake Gwayi-Tshangani, a key water infrastructure project aimed at addressi...Published: 26 Sep 2024 at 09:34hrs | 103 | by Staff reporter
Parliament face to face with Bulawayo water woes
Bulawayo's escalating water shortages took center stage yesterday as parliamentarians engaged directly with the dire situation affecting the city. With the water supply dam levels in continuous declin...Published: 25 Sep 2024 at 11:34hrs | 770 | by Staff reporter
Treasury defaults on $6,4m BEAM debt, students risk missing out on exams
More than 532,000 students risk missing out on their final examinations this year after the government's Basic Education Assistance Module (BEAM) debt to the Zimbabwe School Examinations Council (ZIMS...Published: 20 Sep 2024 at 11:18hrs | 307 | by Staff reporter
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