Search / Billion
Mnangagwa reads the riot act
President Mnangagwa has issued a stern warning to senior Zanu-PF members accused of using social media to sow divisions, create discord, and confuse the party's membership. Addressing the 380th sessio...Published: 19 hrs ago | 80 | by Staff reporter
Mnangagwa condemns social media misuse by Senior Zanu-PF members
President Emmerson Mnangagwa has issued a stern warning to senior ZANU-PF members over the misuse of social media to create divisions and discord within the party. Speaking during the 380th Session of...Published: 20 Dec 2024 at 11:15hrs | 448 | by Staff reporter
Mnangagwa calls for unity in ZANU-PF
President Emmerson Mnangagwa has called for renewed commitment and unity within ZANU-PF as the party sets its sights on the upcoming 2025 elections. Speaking at the 380th Ordinary Session of the Polit...Published: 20 Dec 2024 at 11:11hrs | 125 | by Staff reporter
Rwodzi deploys tourism reception lieutenants to improve Zim hospitality
In her quest to continuously brand Zimbabwe as the premier tourism destination, Tourism and Hospitality Industry Minister, Barbara Rwodzi has deployed her deputy (Tongai Mnangagwa) and other executive...Published: 19 Dec 2024 at 17:05hrs | 982 | by Gideon Madzikatidze/Simbarashe Sithole
Mukuru expanding into deposit-taking microfinance institution
Zimbabwe's rapidly growing remittance sector has prompted several money transfer platforms to diversify their services, with Mukuru Financial Services Zimbabwe Limited becoming the latest to be licens...Published: 19 Dec 2024 at 16:56hrs | 469 | by Staff reporter
Zimbabwe struggles to tackle smuggling as festive season approaches
The Zimbabwean government has expressed concerns over its ability to combat smuggling during the festive season due to limited resources, particularly fuel, required to support the taskforce teams. St...Published: 19 Dec 2024 at 16:48hrs | 146 | by Staff reporter
Government launches door-to-door blitz on smuggled goods
The Government of Zimbabwe has launched an extensive door-to-door crackdown aimed at confiscating smuggled goods, which have become a growing problem, especially during the festive season. This operat...Published: 19 Dec 2024 at 16:45hrs | 387 | by Staff reporter
Zimbabweans will always suffer as long as we rely on politicians for change
Over the past two and a half decades, the country has faced unprecedented economic challenges, from record-breaking hyperinflation and extreme poverty to massive deindustrialization and soaring unempl...Published: 19 Dec 2024 at 12:41hrs | 210 | by Tendai Ruben Mbofana
Is Zimbabwe on the brink of collapse?
Zimbabwe is standing at a dangerous crossroads as the nation endures an escalating energy crisis that threatens its economy, livelihoods, and future prospects. The recent wave of prolonged pow...Published: 18 Dec 2024 at 13:05hrs | 1931 | by Tendai Ruben Mbofana
Concerns mount over devolution fund shortfalls in Zimbabwe
The government's failure to meet the five percent constitutional threshold for devolution funding since 2019 has sparked widespread criticism. From its inception to 2023, the Inter-Governmental Funds ...Published: 17 Dec 2024 at 15:00hrs | 387 | by Staff reporter
Zimbabwe fails to pay white farmers who had land expropriated
White commercial growers in Zimbabwe said that the government has failed to pay part of $331 million in compensation to farmers for expropriating their land but reimbursed others who weren't part of t...Published: 17 Dec 2024 at 10:08hrs | 545 | by Staff reporter
Stanbic named best ovderall bank 2024
Harare, 17 December 2024 - Stanbic Bank Zimbabwe has been named the overall best performing bank at the Banks and Banking Survey Awards 2024 sponsored by First Capital Bank. Stanbic Bank has n...Published: 17 Dec 2024 at 09:15hrs | 320 | by Agencies
Zimbabwe's capital city plunged into darkness
Harare, the Zimbabwean capital city, usually a hub of activity even during late evening hours, was plunged into darkness last night due to a power outage. Even the State House, Zimbabwe House, and the...Published: 17 Dec 2024 at 04:41hrs | 2641 | by Staff reporter
Harnessing the Zimbabwe diaspora for economic, social development
ZIMBABWE'S diaspora, estimated to exceed five million people, constitutes about 30% of the country's population.This global community represents a powerful resource with the potential to trans...Published: 14 Dec 2024 at 21:08hrs | 354 | by Constantine Chikosi
White DA minister's tactics only benefiting his DA constituency
The Minister of Public Works and Infrastructure Dean Macpherson has been accused of instituting oppressive style tactics at the Independent Development Trust (IDT) to only benefit his DA constituency....Published: 14 Dec 2024 at 16:05hrs | 284 | by Staff reporter
Zimbabwe's banking sector sees surge in US dollar deposits
Zimbabwe's banking sector has experienced a remarkable increase in confidence, with foreign currency deposits rising by 13% to US$2.64 billion in October 2024, compared to the same period in 2023. Thi...Published: 14 Dec 2024 at 12:35hrs | 2125 | by Staff reporter
Zinwa financial rot exposed
An external audit conducted by Grant Thornton has raised serious concerns about the financial management at the Zimbabwe National Water Authority (Zinwa), revealing significant irregularities in its r...Published: 14 Dec 2024 at 12:35hrs | 2139 | by Staff reporter
More trouble for Zimbabwe as Trump makes return
The incoming administration of Donald Trump in the United States has sparked significant interest across Africa, as analysts speculate on how his second presidency will affect the continent's security...Published: 14 Dec 2024 at 12:34hrs | 764 | by Staff reporter
Time Bank offers war vets US$3,5bn
TIME Bank has offered a US$3.5 billion compensation package to Zimbabwe's liberation war veterans as part of its broader US$38 billion loan proposal to the government. This development follows signifi...Published: 14 Dec 2024 at 12:33hrs | 388 | 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
Matebeleland projects have remained stagnant for years
Nkulumane Member of Parliament, Desire Moyo, has made a passionate plea to Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube to allocate funding for critical infrastructure...Published: 13 Dec 2024 at 09:43hrs | 333 | by Staff reporter
RBZ deputy governor says Zimbabwe banking sector is resilient, stable
Reserve Bank of Zimbabwe (RBZ) Deputy Governor, Innocent Matshe, has highlighted the continued resilience and stability of the country's banking sector, despite facing challenges such as liquidity iss...Published: 13 Dec 2024 at 09:36hrs | 81 | by Staff reporter
Mnangagwa says iron, steel sector key to Zimbabwe's economic revitalisation
President Emmerson Mnangagwa has emphasized the critical role of Zimbabwe's iron and steel industry in transforming the national and regional economy, underscoring its potential to drive industrialisa...Published: 13 Dec 2024 at 06:45hrs | 300 | by Staff reporter
US, UK sanction Gold Mafia linked dealer
The United States and Britain imposed sanctions on several individuals and businesses linked to global gold smuggling and money laundering networks, with Zimbabwean businessman Kamlesh Pattni at the c...Published: 10 Dec 2024 at 07:08hrs | 934 | by Staff reporter
CBZ blocked from increasing FMHL stake
CBZ Holdings has confirmed that it will not proceed with its planned buyout of minority shareholders in First Mutual Holdings Limited (FMHL), following a decision by the Competition and Tariff Commiss...Published: 10 Dec 2024 at 06:52hrs | 209 | by Staff reporter
No progress on Bulawayo-Nkayi Road
The long-awaited rehabilitation of the Bulawayo-Nkayi Road is moving at a slow pace, with DIFFLOCK Construction, the newly-appointed contractor, already establishing its base and advancing the project...Published: 10 Dec 2024 at 06:48hrs | 293 | by Staff reporter
4 banks quit in South Africa in 2024
BNP Paribas, HSBC, Sasfin Bank, and Bidvest Bank have all announced massive changes to their South African operations in 2024.French-based BNP Paribas was the first bank of the four to announc...Published: 09 Dec 2024 at 15:19hrs | 777 | by Staff reporter
South Africa running out of money at an alarming rate
Efficient Group chief economist Dawie Roodt has warned that South Africa is heading for a financial crisis due to its growing debt burden.Speaking to State of the Nation's Mark Sham, Roodt sai...Published: 09 Dec 2024 at 15:15hrs | 724 | by Staff reporter
Chivayo gifts Peter Ndlovu with brand-new BMW
Zimbabwean businessman Wicknell Chivayo has gifted football legend Peter Ndlovu a brand-new a R2.6 million (US$144 000) 2024 BMW X6M Sport Competition as a gesture of appreciation for his monumen...Published: 09 Dec 2024 at 10:38hrs | 6420 | by Staff reporter
'Mutapa Fund will become Zimbabwe's economic bedrock'
Finance, Economic Development, and Investment Promotion Minister, Mthuli Ncube, has expressed strong confidence in the future of the Mutapa Investment Fund (MIF), highlighting its potential as a key d...Published: 09 Dec 2024 at 07:03hrs | 668 | by Staff reporter
Zimbabwe's malnutrition crisis worsens
AS Zimbabwe is facing a severe drought, families in rural areas are unable to feed their children. The government and international agencies are falling short of addressing this growing crisis....Published: 09 Dec 2024 at 07:02hrs | 336 | by Staff reporter
Zimbabwe consortium seeks US$3 billion for power transmission project
The Intensive Energy User Group (IEUG), a local power consortium, is calling for over US$3 billion in investment over the next five years to enhance transmission infrastructure and address power imbal...Published: 09 Dec 2024 at 06:58hrs | 651 | by Staff reporter
Zimplats advances Zimbabwe's value-addition drive
Zimplats, one of Zimbabwe's leading platinum group metals producers, is making significant progress toward enhancing value addition and beneficiation in the mining sector through the construction of a...Published: 09 Dec 2024 at 06:58hrs | 1575 | by Staff reporter
Zimbabwe losing billions in inflated infrastructure project costs
Zimbabwe may be losing billions of dollars in inflated costs for its massive infrastructure projects due to the absence of advanced software for accurate project pricing, according to a local industry...Published: 06 Dec 2024 at 18:11hrs | 1153 | by Staff reporter
Zimbabwe's cash reserves cannot cover a month
The Zimbabwe National Chamber of Commerce (ZNCC) has raised alarm over the country's dwindling foreign currency reserves, warning that the current US$540 million is insufficient to cover even a single...Published: 06 Dec 2024 at 18:10hrs | 644 | by Staff reporter
Zimbabwe juggles US$1bn TBs to avert crisis
President Emmerson Mnangagwa's government is restructuring repayment terms for Treasury Bonds (TBs) as it grapples with escalating debt obligations and the looming threat of default. With nearly US$74...Published: 06 Dec 2024 at 18:06hrs | 294 | 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
Diesel ban in South Africa still coming
South Africa's transition to cleaner diesel fuels remains on the horizon, with plans to ban the sale of diesel containing more than 10 parts per million (ppm) of sulfur by 2027 still in motion....Published: 06 Dec 2024 at 11:16hrs | 901 | by Staff reporter
Zimbabwe's education sector saddled with billions in debt
The Ministry of Primary and Secondary Education in Zimbabwe is grappling with significant financial challenges, with debts running into billions of Zimbabwe Gold (ZiG) currency, revealing the deepenin...Published: 06 Dec 2024 at 06:39hrs | 282 | by Staff reporter
Lake Gwayi-Tshangani construction set to resume
The long-awaited construction of the Lake Gwayi-Tshangani Dam in Matabeleland North is set to resume, thanks to a ZWG1 billion allocation in the 2025 national budget aimed at completing the remaining ...Published: 06 Dec 2024 at 06:35hrs | 991 | by Staff reporter
Funds dwindling for HIV/AIDS fight in Zimbabwe
The U.S. has provided over $1 billion in the past 5 years to Zimbabwe's fight against HIV/AIDS, but experts say reduced funding may hamper the African country's target of ending the epidemic by 2030....Published: 05 Dec 2024 at 13:34hrs | 206 | by Staff reporter
Zimbabwe inflation eases
Zimbabwe's inflation rate eased significantly in November, marking a slowdown to 11.7% from 37.2% in October, according to the Reserve Bank of Zimbabwe (RBZ). The decline was attributed to the central...Published: 05 Dec 2024 at 11:08hrs | 489 | by Staff reporter
Zimbabwe lags behind South Africa in literacy rates?
Zimbabwe has secured the 4th spot in the ranking of African countries with the highest education levels in 2024, according to a report by Data Panda. The ranking is based on literacy rates and years o...Published: 05 Dec 2024 at 09:18hrs | 2673 | by Staff reporter
RBZ keeps rates steady
Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu has announced that the bank policy rate will remain at 35%, and statutory reserve requirements will stay unchanged, as the central bank seeks ...Published: 05 Dec 2024 at 06:55hrs | 444 | by Staff reporter
France's Macron called to reign after PM's vote of no-confidence
French Prime Minister Michel Barnier has lost a vote of no-confidence vote in parliament, as lawmakers on both the left and the right united to oust him.A no-confidence motion requires 288 vot...Published: 04 Dec 2024 at 20:21hrs | 878 | by Staff reporter
Zimbabwe's central bank claims success in stabilising rate and inflation
The Reserve Bank of Zimbabwe (RBZ) has announced significant progress in stabilising the country's exchange rate and inflation following a series of monetary policy interventions, including a cumulati...Published: 04 Dec 2024 at 14:23hrs | 291 | by Staff reporter
Zimbabwe's Matebeleland might have a claim in Botswana's Tati concession
The government of Botswana, through the Ministry of Lands and Agriculture, acquitted 45,000 hectares of land from the Tati company under the willing buyer and willing seller arrangement. The Botswana ...Published: 04 Dec 2024 at 10:10hrs | 22508 | by Zenzele Ndebele
Billionaire Ramaphosa gets a pay rise
Parliament on Tuesday approved a salary increase for President Cyril Ramaphosa despite opposition from his ardent critics, the EFF and MK Party.This after ANC chief whip Mdumiseni Ntuli tabled...Published: 04 Dec 2024 at 07:25hrs | 1286 | by Staff reporter
Mnangagwa says power cuts cast a cloud over Sadc
President Emmerson Mnangagwa has highlighted the persistent electricity shortages facing Zimbabwe and other Southern African Development Community (SADC) member states, calling them a major hindrance ...Published: 04 Dec 2024 at 06:52hrs | 209 | by Staff reporter
Mnangagwa reaffirms Zimbabwe's commitment to Tripartite Dialogue
President Mnangagwa has reaffirmed the Zimbabwean Government's dedication to maintaining dialogue under the Tripartite Negotiating Forum (TNF), an initiative praised by the International Labour Organi...Published: 04 Dec 2024 at 06:37hrs | 209 | by Staff reporter
Load More Stories
