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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 will start to pay 444 white farmers after land grabs
Zimbabwe will begin compensating White farmers whose land was seized in 2000 and led to the decimation of agriculture and the economy.The government has cleared 444 former commercial farm owne...Published: 17 Oct 2024 at 09:09hrs | 425 | by Staff reporter
Taxes, fees to be paid in ZiG
The Zimbabwean Treasury is set to implement new measures requiring most taxes and fees to be paid exclusively in the Zimbabwe Gold (ZiG) currency, a move aimed at increasing demand and stabilizing its...Published: 17 Oct 2024 at 09:05hrs | 2516 | by Staff reporter
Over 400 ex-settlers to get compensation
In a significant development for former farm owners, over 400 individuals have been cleared for compensation under the Global Compensation Deed, aimed at addressing losses incurred during Zimbabwe's f...Published: 17 Oct 2024 at 08:59hrs | 189 | by Staff reporter
Zimbabwe scores milestones on arrears clearance process
The Government of Zimbabwe has received commendations for significant progress in the implementation of reforms under the Arrears Clearance and Debt Resolution process, a vital step towards transformi...Published: 17 Oct 2024 at 08:57hrs | 181 | by Staff reporter
Zimbabwe hires Rothschild advisers over $21 Billion defaulted debt pile
Zimbabwe's government has hired financial and legal advisers to help it navigate potential talks with international creditors over the $21 billion it owes, according to people familiar with the matter...Published: 10 Oct 2024 at 12:22hrs | 530 | by Staff reporter
7 countries at risk of bankruptcy
About seven developing countries are currently in danger of facing bankruptcy or in need of a bailout due to piling debt which is slowly gearing towards a default level.Countries can file for ...Published: 09 Oct 2024 at 07:16hrs | 652 | by Staff reporter
Kudenga, Masunda bid to grab Oliver Chidawu's estate flops
Attempts by chartered accountant Ngoni Kudenga and former Harare Mayor Muchadeyi Masunda to grab late former Harare Metropolitan Affairs and Devolution minister Oliver Chidawu's estate have been stopp...Published: 05 Oct 2024 at 12:09hrs | 488 | by Staff reporter
'PVO Bill to define Zimbabwe's identity'
The recently passed Private Voluntary Organisation (PVO) Amendment Bill is set to transform the regulation of civic society in Zimbabwe, Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyam...Published: 30 Sep 2024 at 07:29hrs | 204 | by Staff reporter
Fight for Gwanda mine escalates amid bribery allegations
The ongoing dispute over Vubachikwe Gold Mine has escalated, with major shareholder Forbes & Thompson accusing lawyers representing Fawcett Security Operations - a creditor seeking to ...Published: 29 Sep 2024 at 11:16hrs | 208 | by Staff reporter
Zimbabwe struggles to capitalize on EU trade opportunities
Zimbabwe has yet to fully exploit significant export opportunities within the European Union (EU) under a duty-free agreement, despite the EU's vast market, which boasts a US$19 trillion gross domesti...Published: 20 Sep 2024 at 09:37hrs | 339 | by Staff reporter
World Bank says Zimbabwe needs economic stability to advance debt talks
Zimbabwe needs an uninterrupted period of macroeconomic stability of at least 12 months to help advance debt talks with international creditors over $21 billion it owes, the World Bank said.Ha...Published: 17 Sep 2024 at 06:52hrs | 408 | by Staff reporter
US$1m stolen from Namibian bank was paid to Mugabe's pilot
A total of N$18,8 million (US$1m) stolen from SME Bank was transferred to and laundered by former Zimbabwean president Robert Mugabe's pilot and confidant Robert Mhlanga.This is according to c...Published: 20 Aug 2024 at 16:18hrs | 8414 | by Staff reporter
Hichilema: Absolute power corrupts absolutely
I could not believe what I was hearing. I tried to reassure myself that I was only dreaming. For the third time, I played the video and listened gravely. Again, the words fell like stones into the roo...Published: 15 Aug 2024 at 11:38hrs | 1023 | by Dr. Field Ruwe
Marapira to officiate Manicaland inaugural tech-transfer expo
Preparations for the inaugural Manicaland Rural Development, technology advancement and knowledge transfer exhibition are at an advance stage at Mutomba Hillside Citadel in Buhera, whilst the deputy M...Published: 11 Jul 2024 at 14:33hrs | 13 | by Edson Mapani in Buhera
Gweru City Council undertakes debtors cleansing exercise
The Gweru City Council is conducting a debtors cleansing exercise to verify the status of its debtors, including companies that have ceased operations but are still listed as owing money. This effort ...Published: 05 Jul 2024 at 11:02hrs | 2 | by Staff reporter
'Western war hawks want Ukraine's resources'
Western countries want Kiev to achieve victory in the conflict with Russia, because it would give them the opportunity to "acquire and divide" Ukraine's wealth, Hungarian Prime Minister Viktor Orban h...Published: 10 Jun 2024 at 09:04hrs | 1 | by Staff reporter
Zimbabwe demands major reductions on $19.2bn debt
Zimbabwe has asked its creditors for significant debt reductions on its $19.2 billion internal and external debt, Bloomberg reported on May 30, citing Finance Minister Mthuli Ncube."We will be...Published: 03 Jun 2024 at 09:07hrs | | by Staff reporter
EU claims it supports Zimbabwe debt clearance
European Union ambassador to Zimbabwe, Jobst von Kirchmann, expressed the bloc's interest in Zimbabwe's success in debt resolution talks with creditors. However, he emphasized that debt clearance requ...Published: 30 May 2024 at 08:46hrs | 13 | by Staff reporter
Nigerian billionaire Zimbabwe deals falter amid capital problems
WITH the help of Zimbabwean authorities who supported him amass platinum, gold, lithium, iron ore, tin and some rare earth mineral concessions, it first appeared like he was going far.At some poin...Published: 28 May 2024 at 12:46hrs | 8 | by Staff reporter
Khama Billiat could lose his SA house
Former Kaizer Chiefs striker Khama Billiat is facing a legal tussle with the owners of his house in Midrand who want to evict the soccer star's close relatives who decided on the premises due to the f...Published: 22 May 2024 at 11:17hrs | 122 | by Staff reporter
Residents risk losing properties over unpaid bills
The Bulawayo City Council has warned that thousands of residents may lose their properties if they default on paying their bills.Over 2,000 households have already had their water supplies dis...Published: 21 May 2024 at 08:17hrs | 3 | by Staff reporter
Chissano meets Mnangagwa over debt clearance program
Former President of Mozambique, Joaquim Chissano, paid a visit to President Emmerson Mnangagwa on Monday to address political and socio-economic concerns affecting Zimbabwe. Chissano, who serv...Published: 09 Apr 2024 at 06:25hrs | | by Staff reporter
Zimbabwean man wins US$1m loan court challenge
A HARARE man has won a US$1 million Supreme Court loan challenge after a local company that he loaned US$900 000 tried to repay the loan in local currency.The applicant Brian Rodney Baron had ...Published: 19 Mar 2024 at 12:58hrs | 2 | by Staff reporter
Mnangagwa niece's legacy woes haunt ZBC
THE Zimbabwe Broadcasting Corporation (ZBC) is grappling with serious management challenges linked to Helliate Rushwaya - the newly appointed board chair - during her tenure as the acting chief execut...Published: 10 Mar 2024 at 06:51hrs | 10 | by Staff reporter
Mthuli Ncube sees $18bn debt talks on course despite US exit
Talks on the restructuring of Zimbabwe's $18 billion debt remain on track, even after the US paused its involvement in the discussions, Finance Minister Mthuli Ncube said.The discussions led b...Published: 07 Mar 2024 at 05:13hrs | | by Staff reporter
Go Beer to reopen in 8 months
GWERU mayor Martin Chivhoko has announced that the local authority's beer concern, Go Beer will commence production in November this year.Chivhoko said a memorandum of agreement had been signe...Published: 07 Mar 2024 at 05:09hrs | 7 | by Staff reporter
Mnangagwa regime doing the work of US sanctions in Zimbabwe!
My own views on this sanctions issue have always been that we needed to prove these measures were the cause of our suffering. I have never denied that there have been targeted sanctions impose...Published: 06 Mar 2024 at 23:01hrs | 5 | by Tendai Ruben Mbofana
Zidera is the primary obstacle Zimbabwe's economic progress
INDUSTRY leaders have pleaded for the total removal of the sanctions programme under the Zimbabwe Democracy and Economic Recovery Act (Zidera), citing them as the primary obstacle to the economic prog...Published: 06 Mar 2024 at 20:54hrs | 1 | by Staff reporter
Gweru to revive Go Beer Breweries
Gweru city council is locked in talks with an unnamed investor to revive the local authority's beer concern, Go Beer, in a bid to start operations this year, it has been established.Mayor Mart...Published: 11 Feb 2024 at 21:09hrs | 1 | by Staff reporter
Zimbabwe debt clearance talks on despite US disengagement
THE United States, through its embassy in Harare, has decided to disengage from participation in Zimbabwe's debt resolution and clearance programme and the round of negotiations resuming next month....Published: 23 Jan 2024 at 04:37hrs | | by Staff reporter
Shaky ground hinders Redwing Mine rescue efforts
UNSTABLE ground at Redwing Mine in Penhalonga, Manicaland province, has reportedly stalled efforts to rescue nearly a dozen artisanal miners trapped underground on Thursday.In a statement, Met...Published: 05 Jan 2024 at 16:29hrs | 8 | by Staff reporter
Hwange Colliery pays off US$350m debt
ZIMBABWE'S oldest coal producer, Hwange Colliery has repaid over US$350 million to creditors in fast-paced deals executed by external administrators since slipping into reconstruction over a year ago,...Published: 15 Dec 2023 at 07:52hrs | 1 | by Staff reporter
Zimbabwe central bank fails to pay Equatorial Guinea debt for 40MW solar project
The Reserve Bank of Zimbabwe (RBZ) has reportedly failed to fulfill part of its debt to Equatorial Guinea for a local investment in a 40MW solar project in Bwoni Village, Seke District, according to i...Published: 08 Dec 2023 at 05:39hrs | 9 | by Staff reporter
A weird Presidency
GOOD day, President Emmerson Mnangagwa. Your Excellency, the appointment of the Commander of the Defence Forces, General Philip Valerio Sibanda to the Zanu-PF politburo as an ex-officio member, (by vi...Published: 09 Nov 2023 at 05:55hrs | 10 | by Cyprian M Ndawana
Zupco can't account for ZW$3bn
THE loss-making Zimbabwe United Passenger Company (Zupco), which has been embroiled in numerous corruption scandals, has failed to account for ZW$3.4 billion in revenue it generated in urban areas, du...Published: 06 Nov 2023 at 21:21hrs | 8 | by Staff reporter
Brain drain hits Lupane University
Lupane State University (LSU) has faced significant staff turnover in the past two years due to the challenging economic environment, leading to a departure of professionals from the institution. This...Published: 29 Oct 2023 at 12:38hrs | 25 | by Staff reporter
Zimbabwe's graft-buster Zacc flagged over corruption
The Zimbabwe Anti-Corruption Commission (Zacc) has come under scrutiny in the latest Auditor-General report due to a lack of supporting documents for approximately US$21,000 in expenditures, raising c...Published: 28 Oct 2023 at 07:47hrs | | by Staff reporter
Zimbabwe's graft-buster Zacc flagged over corruption
The Zimbabwe Anti-Corruption Commission (Zacc) has come under scrutiny in the latest Auditor-General report due to a lack of supporting documents for approximately US$21,000 in expenditures, raising c...Published: 28 Oct 2023 at 07:46hrs | | by Staff reporter
Zimbabwe GDP to grow by 4,8%
The International Monetary Fund (IMF) has reported that Zimbabwe's real gross domestic product is expected to grow by approximately 4.8 percent in the current year, driven primarily by robust performa...Published: 26 Oct 2023 at 06:26hrs | | by Staff reporter
Zimbabwean cigarette company's empire up in smoke
The Pacific Cigarette Company (PCC), formerly known as Savanna Tobacco Company, has been granted its request to undergo voluntary business rescue due to alleged tax violations and outstanding obligati...Published: 10 Oct 2023 at 06:10hrs | 2 | by Staff reporter
Adam Molai's Pacific Cigarette Company forced into voluntary corporate rescue
Pacific Cigarette Company (PCC), led by local business magnate Adam Molai, has voluntarily initiated corporate rescue proceedings due to a substantial $19 million tax liability. This move comes amid a...Published: 09 Oct 2023 at 16:00hrs | 94 | by Staff reporter
How to secure your legacy through setting up a Family Trust
In the world of life's certainties, where the inevitabilities of death and taxes loom large, few of us take the time to ponder the fate of our hard-earned assets after our journey on this mortal plane...Published: 04 Oct 2023 at 18:02hrs | | by Clifford S. Ncube
Men are not angels, Mr President
GOOD day, President Emerson Mnangagwa. Your Excellency, the August 23 and 24 harmonised elections left no electoral fundamental standing. They were a sham and conspicuous by hollowness.They we...Published: 04 Oct 2023 at 06:08hrs | | by Cyprian Muketiwa Ndawana
Mnangagwa planning to resume talks on restructuring $14 billion of unpaid debt
Zimbabwe's President, Emmerson Mnangagwa, is planning to resume talks on restructuring $14 billion of unpaid debt, despite ongoing divisions over disputed elections in the country. Mnangagwa hopes to ...Published: 02 Oct 2023 at 06:30hrs | 1 | by Staff reporter
ZIFA set to appoint new CEO
ZIFA is on track to welcome a new leader to its secretariat by mid-October, with reports indicating that the Normalisation Committee has concluded interviews for the position of a new chief executive ...Published: 01 Oct 2023 at 07:29hrs | 2 | by Staff reporter
Mnangagwa to replace Mangudya as RBZ boss?
A GLOBAL recent ranking of central bank governors has given Zimbabwe's John Mangudya the lowest grade amid speculation that he may be replaced as President Emmerson Mnangagwa reshapes his administrati...Published: 28 Sep 2023 at 16:03hrs | | by Staff reporter
Makomo Resources back on its feet
HWANGE-based coal miner, Makomo Resources, has resumed operations after securing a contractor.Makomo, once the country's largest coal miner, went under corporate rescue, a form of bankruptcy p...Published: 25 Aug 2023 at 06:27hrs | 1 | by Staff reporter
Joachim Chissano attends Mnangagwa rally
Former Mozambican president Joachim Chissano on Saturday attended President Emmerson Mnangagwa's star rally in Midlands amid reports he would also attend opposition CCC leader Nelson Chamisa's own ral...Published: 20 Aug 2023 at 09:47hrs | 7 | by Staff reporter
Joachim Chissano to attend Chamisa's rally
Former President of Mozambique, Joachim Chissano is attending Zanu-PF's last presidential star rally in President Emmerson Mnangagwa's home province of Midlands.Chissano is one of most illustr...Published: 19 Aug 2023 at 16:40hrs | 1 | by Staff reporter
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