Search / Us$200 million
Council ropes in Mnangagwa
Amid escalating losses and allegations of deep-rooted corruption, Harare City Council has turned to President Emmerson Mnangagwa's office to intervene in the stalled acquisition of a critical Enterpri...Published: 8 hrs ago | 203 | by Staff reporter
Harare council faces scandal over $500m lost on delays
Harare City Council has allegedly lost close to US$500 million since 2019 due to the delayed implementation of a modern Enterprise Resource Planning (ERP) system, amid explosive allegations of corrupt...Published: 07 Jul 2025 at 08:40hrs | 76 | by Staff reporter
Tagwirei breaks silence on Dema power plant tender
Zimbabwean multi-millionaire tycoon Kudakwashe Tagwirei has for the first time publicly explained how he secured the highly controversial tender to construct the ill-fated Dema Power Plant project in ...Published: 26 Jun 2025 at 09:27hrs | 8440 | by Staff reporter
How gold incentives work in Zimbabwe
IN the past few days, social media and media outlets have been awash with claims that there is grand looting of state funds between Treasury and a selected few individuals, especially after a payment ...Published: 05 Jun 2025 at 17:10hrs | 1330 | by Trymore Sibanda
Zimbabwe banks channel US$200m into agric sector
Zimbabwe's banking sector has injected approximately US$200 million to support the ongoing 2024/2025 summer cropping season, underscoring renewed efforts to revitalize agriculture, a sector long regar...Published: 22 May 2025 at 12:08hrs | 221 | by Staff reporter
Mnangagwa's son grilled over US$200m seed debt
Finance and Investment Promotion Deputy Minister David Mnangagwa has come under fire in Parliament after it emerged that the Government owes Valley Seeds Private Limited nearly US$200 million for agri...Published: 19 May 2025 at 13:58hrs | 1777 | by Staff reporter
Colonial master pledges stronger trade and investment ties with its colony
The United Kingdom has reaffirmed its commitment to strengthening relations with Zimbabwe, placing a particular focus on boosting trade and investment between the two countries. This was revealed by B...Published: 24 Apr 2025 at 07:16hrs | 73 | 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 | 6602 | by Staff reporter
Mnangagwa opens SADC meeting
President Emmerson Mnangagwa is set to officially open the Southern African Development Community (SADC) Committee of Ministers Responsible for Disaster Risk Management (DRM) meeting in Victoria Falls...Published: 27 Nov 2024 at 06:56hrs | 244 | by Staff reporter
Zanu-PF to splash cash on 174 cars
ZANU-PF, Zimbabwe's ruling party, is set to make a significant investment in its transportation fleet, planning to purchase 174 new twin and single cab vehicles. This move, revealed in the party's 202...Published: 03 Nov 2024 at 10:22hrs | 4701 | by Staff reporter
Mpilo Hospital’s lab gains international certification
The United States has reaffirmed its commitment to strengthening Zimbabwe’s healthcare system, with an annual investment exceeding US$200 million aimed at improving health outcomes across the countr...Published: 18 Sep 2024 at 19:35hrs | 347 | by Staff reporter
Zimbabwe Central Bank issues revised forex market guidelines
The Reserve Bank of Zimbabwe (RBZ), through its Exchange Control department, has issued updated guidelines and compliance parameters for the interbank foreign exchange market, emphasizing the limitati...Published: 04 Sep 2024 at 07:46hrs | 129 | by Staff reporter
Mnangagwa preaches constitutionalism
President Mnangagwa emphasized the importance of respecting the Zanu-PF Constitution, values, and principles during the 377th Ordinary Session of the Politburo in Harare. He called for all party organ...Published: 25 Jul 2024 at 07:37hrs | 177 | by Staff reporter
Zimbabwe's lithium gambit: Navigating China-US rivalry
Lithium is Zimbabwe's third-largest mineral export after gold and platinum group of metals, bringing in US$2,46 billion and US$2,27 billion, respectively, in 2023.AS the world is going through...Published: 15 Jul 2024 at 08:17hrs | 249 | by Samir Bhattacharya
Zinara on course to clearing DBSA debt
The Zimbabwe National Road Administration (Zinara) has made significant progress in reducing its US$200 million debt with the Development Bank of South Africa (DBSA), now owing US$59 million. Zinara b...Published: 04 Jun 2024 at 11:54hrs | 19 | by Staff reporter
'Bond notes, Zimdollar had no backing'
BOND notes and the Zimdollar (ZWL$) did not have any backing during their tenure, the central bank has said, raising questions on the facilities that were bandied to be supporting the local currency....Published: 12 Apr 2024 at 09:49hrs | 3 | by Staff reporter
Mnangagwa's disaster management under scrutiny
PRESIDENT Emmerson Mnangagwa's US$2 billion humanitarian assistance plea has raised eyebrows as it is more than what regional countries suffering from El Niño-induced drought have asked for.S...Published: 08 Apr 2024 at 10:45hrs | 1 | by Staff reporter
Half ZiG and coins to start circulating on April 30
The Reserve Bank of Zimbabwe (RBZ) in the 2024 Monetary Policy Statement introduced a new "structured currency" termed ZiG (Zimbabwe Gold) on April 5. A "structured currency" is a currency tha...Published: 07 Apr 2024 at 21:08hrs | 12 | by Staff reporter
'RBZ reserves inadequate'
New Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu talking to journalists at the central bank in Harare on Thursday during a handover takeover process from his predecessor John Mangudya ove...Published: 04 Apr 2024 at 21:16hrs | 114 | by Staff reporter
Zimbabwe seeks US$2b to avert famine
PRESIDENT Emmerson Mnangagwa on Wednesday extended the begging bowl to raise over US$2 billion to avert starvation in Zimbabwe after declaring the El Niño-induced drought a state of disaster....Published: 04 Apr 2024 at 06:02hrs | 5 | by Staff reporter
Mnangagwa to declare drought state of disaster
ZIMBABWE is expected to declare the drought which is ravaging the country a state of disaster in a bid to marshal resources and avert possible starvation, NewsDay can reveal.President Emmerson...Published: 03 Apr 2024 at 06:05hrs | 15 | by Staff reporter
50% of treated Bulawayo water goes to waste!
The Sunday NewsWITH Bulawayo grappling with one of its worst water crises in recent years, there are indications that the city council is losing almost half of its treated water before it reac...Published: 31 Mar 2024 at 16:42hrs | 38 | by Staff reporter
Wicknell Chivayo revives Gwanda Solar Project
The Zimbabwe Power Company (ZPC) and Wicknell Chivayo's Intratek Zimbabwe are now set to resume the long aborted 100MW Gwanda Solar Project which derailed when the controversial businessman failed to ...Published: 20 Mar 2024 at 14:24hrs | 2 | by Staff reporter
Zimbabwe, Mozambique agree to refurbish, expand rail link
Zimbabwe and Mozambique have agreed to refurbish and extend the 10km railway line that stretches from Machipanda to Mutare within the next three months.Both Transport Ministers yesterday confi...Published: 20 Jan 2024 at 07:06hrs | 2 | by Staff reporter
Forbes Border Post starts 24-hour service
FORBES Border Post just outside Mutare will be running 24 hours from Monday to cope with the growth in haulage truck traffic and use of Beira port, Zimbabwe's closest access to the sea.Forbes ...Published: 13 Jan 2024 at 06:47hrs | 14 | by Staff reporter
Is China good for Zimbabwe?
IMAGINE your father having an "all-weather friend" who appears to stand by him in every situation.This seemingly "all-weather friend", however, looks away as your father brutally batters your ...Published: 20 Dec 2023 at 09:10hrs | 16 | by Tendai Ruben Mbofana
Is China really helping suffering Zimbabweans?
Imagine your father has an 'all-weather friend', who appears to stand by him in every situation.He looks away as your father brutally batters your mother and does not appear to give a hoot whe...Published: 14 Dec 2023 at 12:39hrs | 16 | by Tendai Ruben Mbofana
Chinese firm to build US$700m fertiliser plants
CHINESE regional fertiliser manufacturing giant, United Capital Fertiliser (UCF) Limited, is set to invest US$700 million in the construction of Compound D and Urea fertiliser manufacturing plan...Published: 13 Dec 2023 at 05:10hrs | 2 | by Staff reporter
Secrecy surrounding resource-backed loans in Zimbabwe
IntroductionTO realize the aspirations of Vision 2030, Zimbabwe needs to invest US$2 billion in infrastructure development in five consecutive years to close the infrastructure asset gap, a hu...Published: 07 Dec 2023 at 05:29hrs | 27 | by Mbongeni Nhliziyo
Zimbabwe's billion-dollar petroleum pipeline project on course
PROCUREMENT of equipment that will be used in the construction of Zimbabwe's second petroleum pipeline project valued at over US$1 billion is on course, the deal maker of the lucrative project told th...Published: 03 Dec 2023 at 11:46hrs | 17 | by Staff reporter
Rehabilitaterail line boon for Zimbabwe - Mozambique trade
ZIMBABWE, as a land-linked country, continues to benefit from use of Mozambican ports, railways and road infrastructure for the movement of both imports and exports, and, in that regard, the commissio...Published: 24 Nov 2023 at 05:33hrs | 2 | by Staff reporter
Zimbabwe sees surge in mining investments
Zimbabwe's mining sector has witnessed a surge in investment over the past two years, with several companies investing heavily in exploration, expansion, and plant construction.A recent survey...Published: 09 Nov 2023 at 05:53hrs | 23 | by Staff reporter
China hands over New Parliament Building to Zimbabwe
President Mnangagwa is set to preside over the official handover ceremony of the New Parliament Building, generously constructed by the Chinese Government, to the Zimbabwean Government.This im...Published: 26 Oct 2023 at 15:56hrs | 5 | by Staff reporter
AU accomplice in Zimbabwe corruption
THE sincerity of African leaders and institutions in fighting corruption has come under scrutiny following the appointment of controversial Zimbabwean self-styled prophet Uebert Angel as its Pan-Afric...Published: 25 Jul 2023 at 08:24hrs | 5 | by Staff reporter
Chinese firm gets lucrative US$200m Zimbabwe exploration deal
GOVERNMENT has awarded a US$200 million contract to China Harbour Engineering Company (CHEC) to modernise Zimbabwe’s geological survey and metallurgical laboratory infrastructure facilities, the Zim...Published: 25 Jun 2023 at 18:22hrs | 135 | by Staff reporter
ZACC probes council over US$57m software scam
The Zimbabwe Anti-Corruption Commission (ZACC) is now investigating the US$200 million that Harare City Council cannot account for to the Auditor-General and has also launched a specific investigation...Published: 23 May 2023 at 06:36hrs | 1 | by Staff reporter
Zimbabwe and SA telcos hit hard by worsening energy crisis in the region
Telecommunication companies have been hit hard by the worsening energy crisis in the southern Africa region, which has seen daily national power grid electricity outages of up to 16 hours.The ...Published: 22 May 2023 at 19:48hrs | | by Staff reporter
Zanu-PF splashes on 800 more cars
Zanu-PF is said to have bought 800 more top-of-the-range vehicles after dishing out at least 210 all-terrain cars to its 2023 parliamentary election candidates.The spending spree by the ...Published: 21 May 2023 at 08:13hrs | 1 | by Staff reporter
Africa should stop being such a crybaby!
We all know there is nothing more 'uncool' or 'unsexy' than someone who never owns up to his own failures in life - but seeks to blame others as to why he is not succeeding.Amongst all these, ...Published: 17 May 2023 at 13:44hrs | 2 | by Tendai Ruben Mbofana
Musona dates Cristiano Ronaldo
FORMER Zimbabwe Warriors captain Knowledge Musona is set to finally compete against global football superstar Cristiano Ronaldo when his Saudi Arabia Pro League side Al Tai host Al Nassr on Tuesday ni...Published: 14 May 2023 at 11:37hrs | | by Staff reporter
Loosen Zimbabwe sanctions for renewable energy future
MORE than 20 years ago, the late former President Robert Mugabe endorsed a move by indigenous Zimbabwean farmers to occupy and forcibly retake farmland that was owned, at the time, by farmers of Europ...Published: 09 May 2023 at 06:06hrs | 7 | by Glenn Jakins
Zimbabwe's lithium revenues poised to exceed expectations
THE growing global demand for lithium — a mineral which is critical in the manufacture of batteries that power electric vehicles, among other renewable energy products — as well as continuing mult...Published: 07 May 2023 at 07:44hrs | 3 | by Staff reporter
Lithium investor begins US$22m power line project
LITHIUM giant Bikita Sinomine has started work on the US$22 million (132KVA) power line stretching from Tokwe to Bikita in Masvingo Province.The 120km power line is meant to provide power to t...Published: 01 May 2023 at 08:09hrs | 2 | by Staff reporter
Political plot to corrupt Zimbabwe's judiciary?
CORRUPT government officials are maneuvering to manipulate an anticipated investigation into allegations of misconduct and corruption against High Court judge Webster Chinhamora as he is seen to be pr...Published: 02 Apr 2023 at 11:12hrs | 4 | by Staff reporter
Mnangagwa throws Prophet Uebert Angel under the bus
PRESIDENT Emmerson Mnangagwa has reportedly thrown under the bus his ambassador-at-large, Uebert Madzanire, alias Uebert Angel, as it emerged yesterday that he is under investigation for alleged money...Published: 23 Mar 2023 at 06:23hrs | 21 | by Staff Writer
Is Hwange Unit 7 another huge big scam and con job?
Is it just me, or has everyone else also noticed that, ever since Hwange Unit 7 Thermal Power Station came online, two days ago, load shedding has strangely increased?Excuse me for my ignoranc...Published: 22 Mar 2023 at 07:16hrs | 1 | by Tendai Ruben Mbofana
Disillusioned American girl says 'Zimbabweans aware Chinese investments don't really benefit them'
A nominee for the United States (US) Ambassador to Zimbabwe post, Pamela Tremont, claims Zimbabweans are acutely aware that Chinese investment in the country does not really benefit them as she spoke ...Published: 17 Mar 2023 at 18:19hrs | 4 | by Staff reporter
Parly shielding govt from legislative scrutiny, says Chamisa's MP
HATCLIFFE legislator Allan Markham says Parliament is protecting cabinet and the President from answering crucial questions, after Treasury for the fourth time failed to answer questions on the shareh...Published: 05 Mar 2023 at 13:58hrs | 2 | by Staff reporter
Local company sets aside US$150m for Old Gwanda road rehabilitation
A local company has pledged to rehabilitate Old Gwanda Road, stretching from Bagcwele to Gwanda, a project set to cost about US$150 million. The road project is expected to immensely benefit p...Published: 04 Mar 2023 at 11:20hrs | 6 | by Staff reporter
'Power cuts to wipe out US$4bn'
ROLLING blackouts, which have deepened in the past few months, could cost the economy close to US$5 billion this year, industrialists told the Zimbabwe Independent.They said many companies had...Published: 03 Mar 2023 at 18:23hrs | 1 | by Staff reporter
Load More Stories
