Search / Billion
Russia fires powerful intercontinental ballistic missile in attack on Ukraine
Russia launched an intercontinental ballistic missile during an attack on Ukraine on Thursday, Kyiv's air force said, in the first known use in the war of such a powerful, nuclear-capable weapon with ...Published: 6 hrs ago | 1176 | by Staff reporter
Ecocash loses ZWG 148,7 million in conversion to new currency
Ecocash Holdings Zimbabwe Limited, a leading diversified digital solutions group, has reported a loss of ZWG 148.7 million following the transition to the newly introduced ZWG currency, which was intr...Published: 10 hrs ago | 505 | by Staff reporter
EcoCash Holdings posts strong profit growth in half-year results
EcoCash Holdings Zimbabwe Limited has posted impressive results for the half-year ending August 31, 2024, highlighting the resilience of its business model and the effectiveness of its strategic initi...Published: 10 hrs ago | 22 | by Staff reporter
Zimbabwe inches closer to rejoining Britain's colonies club
Zimbabwe's "remarkable democratic progress" has positioned the nation closer to rejoining the Commonwealth, the bloc's secretary-general, Ms. Patricia Scotland, has said.As Zimbabwe intensifie...Published: 10 hrs ago | 82 | by Staff reporter
Paid an arm and leg for Hwange Unit 7 & 8 and yet they not generating - Chinese demanding head in a silver platter!
ZESA's explanation of reduced generation from Hwange Thermal Power Station especially due to repeated Units 7 and 8 did not make any sense at all. The two units costing US$ 1.4 billion were commission...Published: 19 hrs ago | 1132 | by Wilbert Mukori
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 | 398 | 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 | 184 | by Staff reporter
Harare council fails to account for 100,000 houses
Harare Mayor Councillor Jacob Mafume has disclosed that the city is failing to collect rates from over 100,000 households due to an inefficient accounting system, further exacerbated by a growing numb...Published: 20 Nov 2024 at 06:48hrs | 188 | by Staff reporter
NMBZ turns to Rabobank for agric financing
NMBZ Holdings Limited, a leading financial services group, has announced a strategic partnership with Rabobank, a Dutch multinational specializing in banking and financial services, to implement an en...Published: 19 Nov 2024 at 08:49hrs | 200 | 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
Domestic Tourism festive season campaign launched
Minister of Tourism and Hospitality Industry, Barbara Rwodzi has this Saturday in Mazoe launched Domestic Tourism festive season travel campaign targeting...Published: 17 Nov 2024 at 07:59hrs | 701 | by Gideon Madzikatidze
So, when will the UN hold a Summit on democracy and human rights?
As world leaders make their way back to their respective countries after the COP29 Climate Change Summit in Baku, Azerbaijan, one can't help but ask: when will the United Nations (UN) hold a summit de...Published: 16 Nov 2024 at 20:22hrs | 286 | by Tendai Ruben Mbofana
Zimbabwe miners propose royalties linked to metal prices
Zimbabwe's Chamber of Mines has put forward a proposal to the Ministry of Finance suggesting that royalty payments be linked to the market prices of metals, including lithium and platinum group metals...Published: 16 Nov 2024 at 14:27hrs | 86 | by Staff reporter
Zimbabwe Energy Minister reveals shocking decline in electricity generation
Zimbabweans face unrelenting power outages, with homes and businesses left without electricity for over 18 hours daily. The crisis stems from failing infrastructure at Hwange Thermal Power Station and...Published: 14 Nov 2024 at 15:25hrs | 1237 | by Staff reporter
Whites want South Africa's township economy
South Africa has had Spaza shops controlled by foreigners for the better part of 30 years, and we never had food poisoning. But all of a sudden, now that white foreigners are building malls in the tow...Published: 14 Nov 2024 at 15:16hrs | 879 | by Rutendo Matinyarare
Mnangagwa takes 238 people to UN climate summit
Zimbabwe's President Emmerson Mnangagwa has drawn scrutiny after bringing a delegation of 238 people to the United Nations Climate Change Conference (COP29) in Baku, Azerbaijan. According to data from...Published: 14 Nov 2024 at 13:19hrs | 582 | by Staff reporter
Zimbabwe-Zambia energy summit excites Zera
The upcoming Zimbabwe-Zambia Energy Projects Summit, set to take place in Victoria Falls from November 18 to 21, 2024, will serve as a pivotal platform for advancing sustainable energy solutions and e...Published: 14 Nov 2024 at 09:49hrs | 145 | by Staff reporter
Afreximbank to inject US$1bn into Zimbabwe economy
The African Export-Import Bank (Afreximbank) has announced a substantial financial commitment of US$1 billion to support Zimbabwe's economic growth, with funds allocated to various sectors in both the...Published: 14 Nov 2024 at 09:21hrs | 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 | 574 | by Tendai Ruben Mbofana
Chivayo washes hands of Chimombe fraud case
Prominent businessman Wicknell Chivayo has successfully challenged a subpoena requiring him to testify in a high-profile fraud case involving Zanu PF central committee member Mike Chimombe and his bus...Published: 12 Nov 2024 at 10:57hrs | 363 | by Staff reporter
Ghana's John Mahama projected to unseat ruling party in December election
Ghana's main opposition leader and former president, John Dramani Mahama, appears to be the front-runner in the upcoming December presidential election, according to an opinion poll released on Monday...Published: 11 Nov 2024 at 13:46hrs | 493 | by Staff reporter
Mt Hampden residents face displacement for Zim Cyber City development
Thousands of residents in Turner Farm, Mt Hampden, are facing the looming threat of displacement as the government moves ahead with the development of the multi-billion-dollar Zim Cyber City project, ...Published: 11 Nov 2024 at 07:16hrs | 946 | by Staff reporter
'Trump Presidency to hurt Zimbabwe's trade, investments'
Zimbabwe's trade and investment prospects could face significant challenges following United States President-elect Donald Trump's proposed tariff policies, according to an analysis by FBC Securities....Published: 11 Nov 2024 at 07:13hrs | 2290 | by Staff reporter
Zimbabwe targets 2,100MW renewable energy by 2030
The Zimbabwean government has reaffirmed its commitment to advancing renewable energy solutions, aiming to achieve 1,100 megawatts (MW) from renewable energy sources by 2025 and 2,100 MW by 2030. Thes...Published: 11 Nov 2024 at 07:03hrs | 232 | by Staff reporter
Russia, Africa pledge to bypass Western-controlled global mechanisms
In a bold move to reshape international relations and break away from Western influence, Russia and African nations have committed to reducing their reliance on global systems dominated by the West. A...Published: 11 Nov 2024 at 07:01hrs | 90 | 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
Mnangagwa expected in Azerbaijan for climate indaba
President Emmerson Mnangagwa arrived in Azerbaijan today to attend the United Nations Climate Change Conference, COP29, where climate finance will be a central focus. The President's departure from Ha...Published: 10 Nov 2024 at 10:46hrs | 62 | by Staff reporter
Zimbabwe secures US$1,5bn for dams, irrigation and power projects
Zimbabwe has successfully raised over US$1.5 billion in funding to advance major dam projects across the country, including Musami Dam, which will supply water to the developing capital city in Mt Ham...Published: 10 Nov 2024 at 10:45hrs | 207 | by Staff reporter
Zimbabwe foreign currency reserves rise to US$500m
Zimbabwe's foreign currency reserves backing its local currency, the Zimbabwe Gold (ZiG), have surged past US$500 million, tripling the total amount of ZiG in circulation. This development is expected...Published: 10 Nov 2024 at 10:41hrs | 169 | by Staff reporter
Zimbabwe eyes China's $50 billion African modernisation fund
Zimbabwe is gearing up to tap into a US$50 billion fund that China pledged to support Africa's modernisation and industrialisation efforts during the recent Forum on China-Africa Cooperation (FOCAC) S...Published: 09 Nov 2024 at 17:08hrs | 257 | by Staff reporter
Zimbabwe eyes deeper ties with China through belt and road initiative
Zimbabwe looks forward to deepening its partnership with China under the Belt and Road Initiative (BRI), anticipating extensive collaboration in economic development, said Midlands Minister of State f...Published: 09 Nov 2024 at 17:02hrs | 188 | by Staff reporter
South Africans lost R1 billion to digital banking fraud
Money lost by South Africans to digital banking fraud increased from R735,000 in 2022 to R1.1 billion in 2023 - a 47% increase.This is according to the South African Banking Risk Centre's (Sab...Published: 08 Nov 2024 at 16:33hrs | 628 | 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
Victoria Falls to get two new upmarket hotels
Zimbabwe's premier tourist destination, Victoria Falls, is set to see the construction of two luxury hotels, valued at a combined US$114.3 million, which will significantly boost the city's hospitalit...Published: 08 Nov 2024 at 06:49hrs | 224 | by Staff reporter
German's Scholz blames Ukraine aid for government collapse
The key reason for the collapse of Germany's ruling coalition was the refusal of Finance Minister Christian Lindner to support a budgetary plan that would increase aid to Ukraine, Chancellor Olaf Scho...Published: 07 Nov 2024 at 16:03hrs | 1463 | by Staff reporter
Chamisa congratulates Donald Trump on U.S. election victory
Nelson Chamisa, former leader of Zimbabwe's opposition Citizens Coalition for Change (CCC), has extended his congratulations to Donald Trump on his election as the 47th President of the United States....Published: 07 Nov 2024 at 12:41hrs | 790 | by Staff reporter
German government collapses
Germany's 'traffic-light' coalition has fallen apart, leaving Olaf Scholz at the helm of a minority government consisting solely of his Social Democratic Party (SPD) and the Greens. This follows the c...Published: 07 Nov 2024 at 08:21hrs | 2510 | by Staff reporter
Zimbabwe to hold talks on $21 billion debt albatross this month
Zimbabwe will resume talks with creditors later this month to restructure $21 billion in external debt as it seeks to exit a default that's kept it locked out of international capital markets since 19...Published: 07 Nov 2024 at 07:17hrs | 391 | by Rigid Kondongwe
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
Zimbabwe's economy to grow 6% in 2025
Zimbabwe's economy is projected to expand by six percent in 2025, bolstered by favorable rainfall conditions that are expected to boost agricultural productivity, Finance, Economic Development, and In...Published: 07 Nov 2024 at 07:00hrs | 237 | by Staff reporter
Trump election win plunges Ukraine war into uncertainty
Ukrainian President Volodymyr Zelenskiy heaped praise on Donald Trump on Wednesday, as apparent victory for the Republican candidate who has criticised U.S. backing for Kyiv plunged the future of its ...Published: 06 Nov 2024 at 14:51hrs | 839 | by Staff reporter
Donald J Trump's political Houdini act dazzles Kamala Harris
Donald J. Trump completed the greatest political comeback in modern U.S. history in the early hours of Wednesday, claiming enough electoral votes to defeat Vice President Kamala Harris and return to t...Published: 06 Nov 2024 at 11:49hrs | 684 | by Staff reporter
Kamala Harris still in shock as Trump declares victory
Accompanied by his family and his pick for vice-president, JD Vance, Donald Trump told supporters in West Palm Beach on Wednesday morning: "This will truly be the golden age of America - that's what w...Published: 06 Nov 2024 at 10:52hrs | 2085 | by Staff reporter
Russia seeks labour from Zim to boost human capital
Russia is looking to Zimbabwe to bolster its labor force, particularly in the construction sector, as it experiences rapid growth despite Western sanctions. The call for skilled labor emerged from dis...Published: 06 Nov 2024 at 06:49hrs | 32400 | by Staff reporter
Zuma arms deal persecution is weird, says Thuli Madonsela
Former public protector Prof Thuli Madonsela has dropped a bombshell that former president Jacob Zuma's prosecution regarding the controversial arms deal is a mystery. Her remarks came during ...Published: 05 Nov 2024 at 09:30hrs | 1181 | by Staff reporter
Zimbabwe's energy crisis deepens?
Zimbabwean businesses are once again counting the costs of electricity outages as low water levels at the Kariba Dam have resulted in reduced power generation while frequent breakdowns at the coal the...Published: 05 Nov 2024 at 08:27hrs | 3804 | 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 | 1558 | by Staff reporter
Chimombe, Mpofu turn knives on Chivayo
Incarcerated businessmen Mike Chimombe and Moses Mpofu have raised concerns about their chances of receiving a fair trial, alleging that their case is rooted in political persecution. The duo is curre...Published: 03 Nov 2024 at 10:21hrs | 2560 | by Staff reporter
11 Chinese investors eye Bulawayo for multi-billion dollar projects
Bulawayo is poised for a significant boost in its re-industrialisation initiatives as 11 prominent Chinese companies have expressed interest in investing in the city. These firms, which span sectors s...Published: 03 Nov 2024 at 10:14hrs | 1565 | by Staff reporter
Zanu-PF title deed bait misfires
The ruling ZANU-PF party's election pledge to regularise informal settlements is progressing slowly, with only 11,000 title deeds issued in Harare's Epworth suburb since the start of 2023, according t...Published: 01 Nov 2024 at 06:49hrs | 1088 | by Staff reporter
Load More Stories
