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IMF withholds Zimbabwe reform programme
The International Monetary Fund (IMF) has signalled that Zimbabwe's much-anticipated Staff Monitored Programme (SMP) - a critical step in the country's economic reform and debt resolution strategy - w...Published: 20 Jun 2025 at 07:39hrs | 2154 | by Staff reporter
Zimbabwe rebuilds correspondent banking ties
The Bankers Association of Zimbabwe (BAZ) has confirmed that some regional and niche international financial institutions have begun cautiously re-engaging with Zimbabwean banks, following the lifting...Published: 19 Jun 2025 at 07:10hrs | 145 | by Staff reporter
'Zimbabwe gold-backed currency stable' but ...
Zimbabwe's gold-backed currency now has more than 100% reserve cover and is stable, according to the central bank, but doubts over its credibility remain, underscored by a persistent premium in the pa...Published: 18 Jun 2025 at 18:30hrs | 311 | by Staff reporter
UK Minister backs Zimbabwe's Commonwealth re-entry bid
United Kingdom Minister for Africa, Lord Collins of Highbury, has welcomed Zimbabwe's ongoing efforts to rejoin the Commonwealth, commending the government's willingness to engage in reforms and dialo...Published: 17 Jun 2025 at 07:24hrs | 276 | by Staff reporter
City of Harare launches crackdown on business by-laws compliance
The City of Harare has initiated a rigorous enforcement campaign to ensure all businesses operating within the Central Business District (CBD), industrial areas, and suburbs fully comply with relevant...Published: 13 Jun 2025 at 06:29hrs | 506 | by Staff reporter
Zimbabwe central bank raises ZWG$5.9 billion via treasury bills
The Reserve Bank of Zimbabwe (RBZ) has raised ZWG$5.9 billion through Treasury Bill (TB) issuances and private placements in 2024, as the government intensifies its domestic borrowing to fund operatio...Published: 12 Jun 2025 at 19:00hrs | 183 | by Staff reporter
Gwanda residents face water disconnections over debt
The Gwanda Municipality has intensified its water disconnection exercise across the mining town as part of efforts to recover mounting unpaid bills from residents and businesses.In an official...Published: 11 Jun 2025 at 17:51hrs | 217 | by Staff reporter
IMF wants Zimbabwe's gold-backed ZiG to become sole currency
The International Monetary Fund (IMF) has expressed support for the full adoption of Zimbabwe's new currency, the Zimbabwe Gold (ZiG), as the country pushes to secure a staff-monitored program (SMP) t...Published: 11 Jun 2025 at 09:05hrs | 1154 | by Staff reporter
BCC forgoes US$14million revenue
The Bulawayo City Council (BCC) has decided to maintain its 2024 commercial non-domestic property tax tariffs for the 2025 financial year, foregoing potential revenue exceeding US$14 million.T...Published: 11 Jun 2025 at 08:31hrs | 251 | by Staff reporter
Mnangagwa meets IMF delegation amid worsening economic crisis
President Emmerson Mnangagwa yesterday held a high-level meeting with an International Monetary Fund (IMF) delegation currently in Zimbabwe for an Article IV Consultation, as the country grapples with...Published: 10 Jun 2025 at 10:10hrs | 974 | by Staff reporter
Ex-Dembare captain neglects daughter
Former Dynamos and Warriors captain Ocean Mushure has been accused of neglecting his 12-year-old daughter, who has reportedly dropped out of school due to lack of financial support over the past two y...Published: 06 Jun 2025 at 12:09hrs | 110 | by Staff reporter
Zimbabwe begins paying long-delayed Civil Registry allowances
The government has finally started disbursing long-overdue allowances to civil servants who participated in the Civil Registry Department's voter registration mop-up exercise ahead of the 2023 general...Published: 06 Jun 2025 at 09:40hrs | 144 | by Staff reporter
IMF kicks off crucial talks in Zimbabwe
A high-level delegation from the International Monetary Fund (IMF) has begun formal meetings with Zimbabwean authorities, launching a critical mission to assess the country's reform trajectory under t...Published: 05 Jun 2025 at 11:33hrs | 593 | by Staff reporter
10 rich countries non-committal on Zimbabwe's $2.6b bridge financing appeal
Zimbabwe is yet to secure any firm pledges of financial support from the 10 countries it appealed to in its ongoing bid to settle long-standing debt arrears.The southern African nation is burd...Published: 02 Jun 2025 at 12:47hrs | 884 | by Staff reporter
IMF team set to arrive in Zimbabwe
Zimbabwe is poised to take a crucial step towards restoring its economic credibility and unlocking foreign investment, with an International Monetary Fund (IMF) delegation expected this week to finali...Published: 01 Jun 2025 at 14:25hrs | 277 | by Staff reporter
Trabablas immortalised?
Yesterday, President Emmerson Mnangagwa officially inaugurated the Trabablas Interchange, a flagship US$88 million infrastructure project designed to transform north-south traffic flow in Harare by re...Published: 31 May 2025 at 14:05hrs | 1859 | by Staff reporter
ZiG inflation rises to 92%
Zimbabwe's annual inflation measured in the local currency (ZiG) surged to 92.1% in May 2025, up from April's 85.7%, signaling growing challenges for the Reserve Bank of Zimbabwe (RBZ) in containing t...Published: 31 May 2025 at 14:04hrs | 1095 | by Staff reporter
Councillors get allowances for trips, fail to travel
Two Chinhoyi councillors were allocated allowances to attend business conferences-one in Saudi Arabia and another in Gweru - yet neither made the trips, raising concerns over the use of public funds....Published: 29 May 2025 at 10:27hrs | 233 | by Staff reporter
'Zimbabwe could unlock US$9bn from retaken land'
The outgoing president of the African Development Bank (AfDB), Akinwumi Adesina, has revealed that Zimbabwe could unlock up to US$9 billion from land seized during the 2001 fast-track land reform prog...Published: 29 May 2025 at 10:24hrs | 211 | by Staff reporter
Zimbabwe turns to sugar, fast foods, and booze for revenue
Zimbabwe's Treasury is relying heavily on taxes imposed on sugar, fast food, and alcoholic beverages to recoup hundreds of millions of dollars lost following sharp cuts in official development assista...Published: 28 May 2025 at 11:02hrs | 418 | by `
Zimbabwe sees $2.6bn bridge finance in place by early 2026
Zimbabwe anticipates securing $2.6 billion in bridge financing by the first quarter of next year, a crucial step needed to repay debt owed to international financial institutions and regain access to ...Published: 28 May 2025 at 10:51hrs | 118 | by Staff reporter
Zimbabwe's economic reforms gain momentum with IMF deal
Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, has announced that Zimbabwe expects to secure a Staff Level Agreement (SLA) with the International Monetary Fun...Published: 28 May 2025 at 10:38hrs | 98 | by Staff reporter
Zimbabwe's debt indaba on, AfDB meetings start
The African Development Bank Group (AfDB) has commenced its 2025 annual meetings today, featuring key agenda items including Zimbabwe's arrears clearance and debt resolution process, as well as ...Published: 26 May 2025 at 08:31hrs | 145 | by Staff reporter
Bulawayo MPs appeal for social welfare funding
Legislators from Bulawayo have called on the government to urgently release funds allocated to the Ministry of Public Service, Labour and Social Welfare, saying continued delays are severely hampering...Published: 26 May 2025 at 08:28hrs | 60 | by Staff reporter
Zimbabwe missing out on mega EU loans - loans have to be paid back
Zimbabwe is missing out on crucial loans from Europe's largest financial institutions, including the European Investment Bank (EIB), due to its unsustainable debt burden, the European Union's ambassad...Published: 26 May 2025 at 08:16hrs | 51 | by Staff reporter
Gweru launches revenue collection blitz, rejects payment plans
Gweru City Council has launched a revenue collection blitz that started on Monday and will run until May 23, 2025, with a firm stance against accepting payment plans during this period. The operation ...Published: 26 May 2025 at 08:00hrs | 52 | by Staff reporter
Seed firms crippled by Zimbabwe govt debt
Zimbabwe's seed industry is teetering on the edge of collapse as the government grapples with ballooning debt, having failed to pay seed suppliers nearly US$270 million over the past three farming sea...Published: 22 May 2025 at 11:36hrs | 224 | 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 | 1775 | by Staff reporter
Zimbabwe targets 2030 to clear US$21 billion debt
Zimbabwe has set an ambitious 2030 deadline to clear its ballooning US$21 billion public debt, in a bid to create the foundations for a stable mono-currency regime anchored by the Zimbabwe Gold (ZiG) ...Published: 19 May 2025 at 09:21hrs | 126 | by Staff reporter
Zimbabwe, IMF talks underway
Zimbabwe has entered into preliminary discussions with the International Monetary Fund (IMF) for a new Staff-Monitored Programme (SMP), marking a significant step toward restoring the country's econom...Published: 18 May 2025 at 11:51hrs | 165 | by Staff reporter
Legal battle continues between Kingdom Blue CEO and ex-wife
The ongoing legal dispute between Kingdom Blue Funeral Service founder and CEO, Brilliant Ncube, and his estranged wife, Mrs. Sibonguthando Ncube, continues to unfold, with Ncube asserting that he has...Published: 16 May 2025 at 10:10hrs | 452 | by Staff reporter
Zimbabwe govt owes Zisco pensioners US$38 million
The Ministry of Finance, Economic Development and Investment Promotion is reportedly in arrears of US$38.7 million owed to former ZiscoSteel workers, according to a damning report by Parliament's Port...Published: 15 May 2025 at 09:17hrs | 206 | by Staff reporter
Corporates leaving CBD in favour of suburbs - First Mutual
First Mutual Property (FMP) has reported a notable migration of corporate tenants from Harare's Central Business District (CBD) to suburban office locations, citing increased convenience and improved ...Published: 06 May 2025 at 08:39hrs | 273 | by Staff reporter
Rental income dominates First Mutual Properties revenue
First Mutual Properties (FMP) says rental income remains its primary source of revenue, with the property investment firm intensifying efforts to diversify both its tenant base and portfolio to streng...Published: 05 May 2025 at 15:56hrs | 88 | by Staff reporter
AfDB says Zimbabwe seeks $2.6bn in bridge finance to overhaul debt
The African Development Bank said Zimbabwe has proposed seeking $2.6 billion in bridge finance to help it clear arrears owed to international financial institutions as it attempts to break a debt impa...Published: 24 Apr 2025 at 21:18hrs | 131 | by Staff reporter
Mnangagwa under fire
President Emmerson Mnangagwa and his government have come under intense pressure from Zimbabwe's civic society organisations (CSOs) to repeal the recently signed Private Voluntary Organisations (PVO) ...Published: 24 Apr 2025 at 07:30hrs | 6925 | by Staff reporter
Bulawayo doctor acquitted in US$38,500 maintenance case
A prominent Bulawayo medical practitioner, Dr Nkonzo Ndebele, has been acquitted of charges related to the non-payment of US$38,500 in child maintenance. The 59-year-old doctor, from Bellevue suburb, ...Published: 23 Apr 2025 at 08:32hrs | 361 | by Staff reporter
IMF, World Bank urged to back Zimbabwe economic recovery efforts
Former Mozambican President Dr Joaquim Chissano and African Development Bank (AfDB) President Dr Akinwumi Adesina have called on the International Monetary Fund (IMF) and the World Bank to support Zim...Published: 23 Apr 2025 at 08:29hrs | 137 | by Staff reporter
EU withdraws funding after Zimbabwe signs PVO Bill into law
President Emmerson Mnangagwa's decision to sign the controversial Private Voluntary Organisations (PVO) Amendment Bill into law has sparked widespread condemnation, most notably from the European Unio...Published: 13 Apr 2025 at 09:48hrs | 1763 | by Staff reporter
UK-based Zimbabwean landlady, tenant in nasty fallout
A UK-based Zimbabwean woman has issued a 14-day ultimatum to her tenant in Harare to pay US$3,850 in rental arrears and vacate the property following a heated dispute. The property in question is loca...Published: 12 Apr 2025 at 13:06hrs | 247 | by Staff reporter
Kingdom Blue CEO in US$6 550 maintenance battle
Brilliant Ncube, the founder and Chief Executive Officer of the internationally acclaimed Kingdom Blue Funeral Service, is currently embroiled in a high-profile maintenance dispute with his former wif...Published: 12 Apr 2025 at 13:00hrs | 234 | 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 | 91 | by Staff reporter
Crisis continue to rock AMH
The financial troubled major private media company- Alpha Media Holdings in Zimbabwe is riling into continuous crisis as the management has since last mon...Published: 06 Apr 2025 at 22:48hrs | 2318 | by Staff Reporter
Bulawayo council staff caught in illegal forex deals
Bulawayo City Council (BCC) has revealed that several of its employees have been implicated in illegal foreign currency exchange dealings, further fueling public frustration over poor service delivery...Published: 05 Apr 2025 at 13:20hrs | 1341 | by Staff reporter
Shortage of contraceptives hits Zaka amid fears of smuggling to SA
A serious shortage of contraceptive tablets has rocked clinics across Zaka District, triggering suspicions of smuggling operations targeting the South African black market.The revelation was m...Published: 05 Apr 2025 at 08:41hrs | 315 | by Staff reporter
Prominent Bulawayo doctor seeks downward variation of US$500 maintenance
A well-known medical practitioner in Bulawayo has filed an application at the Bulawayo Magistrates Court seeking a downward variation of his maintenance obligations from US$500 to US$200, citing sever...Published: 04 Apr 2025 at 10:09hrs | 933 | 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 | 999 | by Staff reporter
Gweru City Council under fire for US$155,000 mayoral vehicle purchase
The cash-strapped Gweru City Council (GCC) has ignited outrage among residents and ratepayers by purchasing a US$155,000 mayoral luxury vehicle, a Land Cruiser Prado, amid pressing service delivery is...Published: 07 Mar 2025 at 06:57hrs | 179 | by Staff reporter
Zimbabwe could clear arrears with bold reforms
Zimbabwe could clear its arrears and rework $21 billion in debt that's kept it locked out of international capital markets for more than a quarter of a century if it implements fiscal reforms, the Wor...Published: 27 Feb 2025 at 11:05hrs | 357 | by Staff reporter
Former ZIFA President faces maintenance lawsuit
Former ZIFA president, Gift Banda, is embroiled in a maintenance dispute after being accused by a South Africa-based Zimbabwean woman, Kholiwe Sitshoni, of failing to fulfill his parental responsibili...Published: 25 Feb 2025 at 07:00hrs | 815 | by Staff reporter
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