Search / Valuation
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: 2 hrs ago | 96 | by Staff reporter
Mental exam for 'King Munhumutapa'
A man who claims to be King Munhumutapa has found himself in legal trouble for allegedly dethroning chiefs appointed by President Emmerson Mnangagwa. Timothy Chiminya, who appeared before Harare magis...Published: 19 Dec 2024 at 16:49hrs | 282 | by Staff reporter
King Munhumutapa to Spend Xmas, New Year Behind Bars
Self-imposed King Munhumutapa Timothy Chiminya, who was arrested on Monday, will spend Christmas and New Year behind bars after being committed to remand prison for a mental health evaluation by...Published: 19 Dec 2024 at 09:27hrs | 1295 | by Dickson Bandera
Marula Mining ceases Zimbabwe operations
Marula Mining PLC, an investment and development company focused on African mining opportunities, has officially announced that it will cease exploration and project acquisition activities in Zimbabwe...Published: 16 Dec 2024 at 13:55hrs | 2073 | by Staff reporter
Zimbabwe's GDP takes US$12bn knock
Zimbabwe's gross domestic product (GDP) has sharply fallen to US$35 billion in November, a staggering 25% decline from US$47 billion in April. The sharp contraction highlights the dire economic challe...Published: 14 Dec 2024 at 10:35hrs | 179 | by Staff reporter
'Counterfeits, financial instability imperil manufacturing sector'
Zimbabwean consumers are grappling with increasing difficulties, including the proliferation of counterfeit goods and financial instability, as the country's manufacturing sector struggles to grow. Pa...Published: 13 Dec 2024 at 09:39hrs | 46 | by Staff reporter
London declining as financial center
The number of companies listed on the London Stock Exchange (LSE) is decreasing at the quickest pace in more than ten years, Bloomberg has reported, citing data compiled by the outlet.In 2024,...Published: 06 Dec 2024 at 14:20hrs | 278 | by Staff reporter
Multi-million-dollar scandal rocks Victoria Falls council
The Zimbabwe Anti-Corruption Commission (ZACC) has uncovered a massive corruption scandal involving high-ranking officials at Victoria Falls City Council, including Mayor Tuso Moyo and Town Clerk Ronn...Published: 04 Dec 2024 at 06:49hrs | 900 | by Staff reporter
Mnangagwa's govt faces lawsuit over delayed salaries
Government workers, including teachers, have turned to lawyers in an attempt to understand why they have not received the local currency component of their November pay and bonus, almost two weeks aft...Published: 02 Dec 2024 at 07:23hrs | 1069 | by Staff reporter
Mnangagwa admits his government engulfed by corruption
President Emmerson Mnangagwa has acknowledged the pervasive corruption within his government, issuing a stern warning to officials at all levels of governance, including local authorities, as he commi...Published: 01 Dec 2024 at 12:20hrs | 826 | by Staff reporter
Double murder accused businessman's trial stalls again
The murder trial of former fugitive and Gweru businessman Peter Dube, accused of killing two people and attempting to kill two more in a suspected love triangle, has hit another roadblock after he exh...Published: 27 Nov 2024 at 12:04hrs | 669 | by Staff reporter
Zimbabwean inflation slows
Zimbabwe's monthly inflation rate slowed for the first time in four months, as volatility that's plagued the nation's gold-backed ZiG currency shows signs of ebbing.Consumer prices rose 11.7% ...Published: 26 Nov 2024 at 19:37hrs | 449 | by Staff reporter
ZiG spawns upheavals in insurance industry
Insurers have been scrambling to reassure policyholders as market jitters resurface in the wake of the introduction of Zimbabwe Gold (ZiG) in April. With memories of the devastating currency shifts in...Published: 24 Nov 2024 at 10:13hrs | 253 | by Staff reporter
Murder suspect ruled unfit to stand trial
The trial of Bright Zhantali, a suspected serial rapist and murderer, has been suspended following a psychiatric evaluation that deemed him mentally unfit to stand trial. Harare magistrate Dennis Mang...Published: 22 Nov 2024 at 06:56hrs | 163 | by Sgtaff reporter
Batoka Gorge Hydroelectric Project fraught with significant hurdles
The long-awaited Batoka Gorge Hydroelectric Project, heralded as a potential solution to Zimbabwe and Zambia's ongoing power shortages, may face insurmountable challenges that could delay or derail it...Published: 20 Nov 2024 at 07:06hrs | 520 | by Staff reporter
'ZSE left with two valuable counters'
The Zimbabwe Stock Exchange (ZSE) is witnessing a significant shift, with Delta Corporation Limited and Econet Wireless Zimbabwe now standing as the only major valuable counters on the bourse. Several...Published: 20 Nov 2024 at 07:03hrs | 191 | by Staff reporter
Replace unsafe Honda Fits with Kombis
Stakeholders within Zimbabwe's transport sector are advocating for the government to implement a budgetary support scheme aimed at encouraging small operators to exchange their unsafe, unregistered ta...Published: 20 Nov 2024 at 06:51hrs | 368 | 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 | 7666 | 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 | 156 | 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 | 175 | by Staff reporter
There're now two Zimbabwes: One for a small elite and the other for millions of poor Zimbabweans
Over the past few years, Zimbabwe has reportedly experienced steady economic growth. According to government statistics, GDP growth rates have shown positive movement, suggesting that the coun...Published: 13 Nov 2024 at 22:05hrs | 583 | by Tendai Ruben Mbofana
Top official goes AWOL from Town House
Harare City Council (HCC) top official Mathew Marara has reportedly gone absent without official leave (AWOL), with plans in motion to remove him from the municipality's payroll. Marara, who was accus...Published: 12 Nov 2024 at 11:01hrs | 801 | by Staff reporter
Gold glitters as Caledonia's profit after tax jumps 872%
Caledonia Mining Corporation Plc, listed on the Victoria Falls Stock Exchange, has reported a remarkable 872% rise in profit after tax to US$16.45 million for the nine months ending September 30, 2024...Published: 12 Nov 2024 at 10:57hrs | 133 | by Staff reporter
Harare submits long-delayed masterplan proposal
After missing the initial June 30 deadline, the Harare City Council and Chitungwiza Municipality have finally submitted their masterplan proposals, Local Government and Public Works Minister Daniel Ga...Published: 12 Nov 2024 at 10:56hrs | 130 | by Staff reporter
Chiwenga calls for stronger public-private partnerships
Vice-President Dr. Constantino Chiwenga emphasized the need for stronger partnerships between the Zimbabwean Government and private sector to accelerate infrastructure development and propel economic ...Published: 08 Nov 2024 at 06:59hrs | 65 | by Staff reporter
Woman threatens to kill complainant in her case
Elizabeth Parirenyatwa Mucheche, a Harare woman, appeared before the Harare Magistrates Court on charges of perjury and issuing death threats against businessman Brian Murphy. The case has attracted s...Published: 07 Nov 2024 at 06:55hrs | 200 | by Staff reporter
Retail outlets closes amid ZWG fluctuation
The recent spate of closures among prominent retail outlets in Zimbabwe has prompted Parliament to demand an explanation from Finance Minister Mthuli Ncube. The closures, attributed to the ongoing eco...Published: 05 Nov 2024 at 08:25hrs | 7804 | by Staff reporter
Parly moves on teachers' welfare
In a move aimed at revitalizing Zimbabwe's education system, Parliament has emphasized the urgent need to improve teachers' welfare. This call was made during a workshop hosted by the Zimbabwe Teacher...Published: 05 Nov 2024 at 08:24hrs | 247 | by Staff reporter
Ramaphosa's fitness to lead ANC renewal questioned
In a recent interview with Sunday World Engage, Solly Mapaila, the general secretary of the South African Communist Party (SACP), reiterated his long-standing concerns about President Cyril Ramaphosaâ...Published: 04 Nov 2024 at 08:46hrs | 1252 | by Staff reporter
Ramaphosa's brother-in-law Motsepe in court over R3.4bn in Tanzanian
South African billionaire Patrice Motsepe, who is brother in Law to that country's President Cyril Ramaphosa, and his associate companies are facing a $195 million (R3.4 billion) lawsuit in Tanzania, ...Published: 03 Nov 2024 at 14:46hrs | 1565 | by Staff reporter
Nurses graduate in Hwange
The Hwange Medical Company's School of Nursing proudly celebrated the graduation of 31 trainees who received diplomas in general nursing on Friday, achieving an impressive overall performance rate of ...Published: 03 Nov 2024 at 10:11hrs | 265 | 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 | 1454 | by Staff reporter
Chinese Steel Plant: Zimbabwe's economic boon
Zimbabwe is aiming to be home to Africa's largest steel plant, but disputes over the project continue even as it ramps up production.Over the past few months, villagers have been accusing the ...Published: 31 Oct 2024 at 06:53hrs | 7942 | by Staff reporter
High Court dismisses stands fraudsters appeal
The High Court has dismissed an appeal by two former Delatfin employees, Jacob Muyambo and Saymore Mutakura, who sought to overturn their convictions and 20-year prison sentences for defrauding their ...Published: 31 Oct 2024 at 06:52hrs | 392 | by Staff reporter
Economy registers three-year growth, says Prof Ncube
Zimbabwe has sustained robust economic growth over the past three years, averaging an impressive 6.8 percent annually, despite significant currency fluctuations, Finance, Economic Development, and Inv...Published: 31 Oct 2024 at 06:48hrs | 89 | by Staff reporter
'Sovereignty ego maintaining Zimbabwe's ailing ZiG'
Zimbabwe is facing a profound economic crisis largely rooted in its insistence on maintaining currency sovereignty, even as the nation clings to a failing local currency, experts warn. Nkanyezi Ndlovu...Published: 30 Oct 2024 at 10:36hrs | 891 | by Staff reporter
Retired Chief Air Marshal Elson Moyo injured in road accident
On October 29, 2024, at approximately 3:00 PM, Retired Chief Air Marshal Elson Moyo, the former Commander of the Air Force of Zimbabwe, was involved in a single-vehicle accident along the Chegutu-Pick...Published: 30 Oct 2024 at 09:32hrs | 1685 | by Staff reporter
Zanu-PF pushes for accelerated de-dolarisation
The ruling Zanu-PF party has resolved to accelerate Zimbabwe's de-dollarisation process and strengthen the Zimbabwe Gold Currency (ZiG) as the country's sole legal tender. This decision was among key ...Published: 29 Oct 2024 at 13:50hrs | 4000 | by Staff reporter
Devaluation fails to halt ZiG free-fall
Zimbabwe's new local currency, the Zimbabwe Gold (ZiG), has taken another hit, losing an additional 11% of its value in under a month following a substantial 43% "devaluation" announced by monetary au...Published: 29 Oct 2024 at 13:49hrs | 4504 | by Staff reporter
What did the ZANU-PF conference achieve besides trying to do something unconstitutional?
The recent ZANU-PF National People's Conference in Bulawayo was expected to chart a course for Zimbabwe's pressing challenges. Yet, rather than addressing the nation's economic woes, poverty l...Published: 28 Oct 2024 at 13:12hrs | 1005 | by Tendai Ruben Mbofana
IMF cautions Zimbabwe
ZIMBABWE won't solve its economic challenges via the gold-backed ZiG currency that it launched in April and has since had to devalue, the International Monetary Fund said."There's a tendency t...Published: 27 Oct 2024 at 12:30hrs | 4016 | by Staff reporter
Innovate Change: Best Online Casinos in New Zealand | Where to Play and Win Real Money
Multiple online casinos offer players the chance to win big while enjoying their favorite games from the comfort of home. However, not all online casinos are created equal. To help Kiwi players fin...Published: 24 Oct 2024 at 14:59hrs | 193 | by Staff Reporter
SA assures Zimbabwe exemption permit holders amid new visa system
The South African government has sought to reassure holders of Zimbabwe Exemption Permits (ZEP) regarding the newly implemented points-based system for critical skills and general work visas, addressi...Published: 23 Oct 2024 at 07:56hrs | 1398 | by Staff reporter
Zanu-PF grovels to Canada for backing in bid for Commonwealth readmission
The ruling Zanu-PF party has reached out to Canada for assistance in its efforts to end its pariah status and rejoin the Commonwealth, a move that dates back to Zimbabwe's withdrawal from the group in...Published: 22 Oct 2024 at 08:07hrs | 398 | by Staff reporter
Catholic bishops bid to pay US$188K in ZiG hits a snag
The High Court of Zimbabwe has dismissed the application for a declaratur seeking a stay of execution regarding a US$188,000 payment order against Stella Mundi, an agricultural company owned by the Zi...Published: 22 Oct 2024 at 08:04hrs | 476 | by Staff reporter
Bulawayo uninspired by Zanu-PF 'love-fest'
ZANU-PF leaders, functionaries, and activists are set to begin arriving in Bulawayo today for the party's 21st National People's Conference, which kicks off tomorrow at the ZITF grounds and runs until...Published: 22 Oct 2024 at 08:02hrs | 440 | by Staff reporter
Nkomo blasts Zanu-PF over policy confusion
Zapu leader Sibangilizwe Nkomo has blasted Zanu PF government over policy which he blamed for economic quagmire in the country.In...Published: 22 Oct 2024 at 07:21hrs | 568 | by Stephen Jakes
Potraz approves tariff increase for Zimbabwe telecoms sector
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has approved a tariff adjustment for local telecommunications companies in response to the recent devaluation of the Zimbabw...Published: 21 Oct 2024 at 14:01hrs | 1725 | by Staff reporter
Deeds Office sucked into Harare land scam
The Harare City Council (HCC) land scam involving plots in Greendale has escalated, drawing in the Deeds Office amid serious allegations of the creation of fake deeds by individuals allegedly linked t...Published: 21 Oct 2024 at 07:51hrs | 715 | by Staff reporter
RBZ blames speculative behaviour for ZiG's woes
The Reserve Bank of Zimbabwe (RBZ) has attributed the recent collapse of the newly introduced Zimbabwe Gold (ZiG) currency to rampant rent-seeking behavior and speculative activities within the parall...Published: 20 Oct 2024 at 14:12hrs | 236 | by Staff reporter
Load More Stories
