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Mugabe minister's farm assets auctioned over $750,000 debt
Farming equipment and livestock belonging to former Water Resources minister Munacho Mutezo are set to be auctioned today in Odzi, Manicaland, as part of efforts to recover a US$750,000 debt owed to h...Published: 9 hrs ago | 299 | by Staff reporter
Mbare residents face eviction
Harare City Council (HCC) has issued a 14-day ultimatum to tenants living in Mbare flats to settle outstanding rental arrears or face eviction, despite the residents enduring squalid and deteriorating...Published: 14 Aug 2025 at 10:39hrs | 162 | by Staff reporter
Government debt cripples Masvingo City
Masvingo City Council is facing mounting challenges in delivering basic services due to the government's failure to settle substantial debts owed to the local authority, with claims that various gover...Published: 13 Aug 2025 at 13:04hrs | 190 | by Staff reporter
UN calls on Zimbabwe to curb illicit financial flows
The United Nations resident and humanitarian coordinator in Zimbabwe, Edward Kallon, has urged the government to take urgent measures to curb illicit financial flows (IFFs), warning that billions of d...Published: 13 Aug 2025 at 08:49hrs | 197 | by Staff reporter
Zimbabwe internet suppliers take dispute to the High Court
Powertel Communications has successfully secured a court order to appoint an arbitrator in its ongoing dispute with Dandemutande Investments, following the termination of an Internet supply agreement ...Published: 13 Aug 2025 at 08:48hrs | 155 | by Staff reporter
Zimbabwe prioritises debt clearance
Resolving Zimbabwe's crippling debt overhang has been elevated to a top national priority, with the Government declaring that the success of the arrears clearance and debt resolution process is essent...Published: 12 Aug 2025 at 19:35hrs | 164 | by Staff reporter
Zimbabwe repays US$176 million in external debt
The Zimbabwean government has made notable progress in repaying its external debt, with a total of US$176.28 million paid during the first six months of 2025, according to data released by the Ministr...Published: 10 Aug 2025 at 12:12hrs | 518 | by Staff reporter
Zimbabwe races to implement IMF-backed reforms
Zimbabwe is racing to implement wide-ranging fiscal and monetary reforms agreed with the International Monetary Fund (IMF), as the country seeks to exit its long-standing debt crisis, rebuild trust wi...Published: 07 Aug 2025 at 17:16hrs | 459 | by Staff reporter
Botswana's health sector hit by severe shortages
Botswana's Ministry of Health has issued a stark update on the country's public health system, revealing a critical shortage of essential medicines and medical supplies that has forced the suspension ...Published: 06 Aug 2025 at 17:46hrs | 463 | by Staff reporter
FBC sees cautious recovery in Zimbabwe
Financial services firm FBC Securities says Zimbabwe's 2025 Mid-Year Budget and Economic Review points to a cautiously optimistic recovery trajectory, although tight fiscal and monetary conditions cou...Published: 05 Aug 2025 at 14:38hrs | 233 | by Staff reporter
Mnangagwa's office blows 81% of budget in 6 months
President Emmerson Mnangagwa's Office had already spent 81 percent of its 2025 budget by the halfway mark of the year, while the Ministry of Transport and Infrastructural Development exceeded its full...Published: 05 Aug 2025 at 12:19hrs | 484 | by Staff reporter
Govt employees in Ministry-owned homes risk losing leases
The Ministry of Local Government and Public Works has issued a stern directive to all Government employees residing in Ministry-owned residential properties to settle outstanding lease rentals and pur...Published: 05 Aug 2025 at 12:10hrs | 161 | by Staff reporter
Manyere, Nyengedza at centre of SA company collapse
Two prominent Zimbabwean businessmen, George Manyere and Godwin Nyengedza, are at the heart of the dramatic collapse of Afristrat Investment Holdings - a South African financial services firm formerly...Published: 04 Aug 2025 at 17:15hrs | 512 | by Staff reporter
Zimbabwe health spending among lowest in region
Zimbabwe is spending just ZiG460 (about US$17) per person on health, with total health expenditure at only 0,5% of GDP in the first half of 2025 - far below regional and international targets - the Co...Published: 04 Aug 2025 at 08:33hrs | 103 | by Staff reporter
Mutsvangwa's half-truths and the need for fact-checking
Mutsvangwa was in his element with half-truths and mistruths, but the tragedy of it all is that no journalist held him to account or even fact checked some of the things he said.The needy and ...Published: 03 Aug 2025 at 15:11hrs | 510 | by Nqaba Matshazi
Garwe orders council probe
Minister of Local Government and Public Works, Daniel Garwe, has lambasted local authorities for poor service delivery, which has contributed to low revenue collection and growing salary arrears for w...Published: 03 Aug 2025 at 12:15hrs | 309 | by Staff reporter
Economists slam Mthuli Ncube's budget
Economists have sharply criticised Finance Minister Mthuli Ncube's 2025 mid-term budget and economic review, accusing the government of failing to deliver the structural reforms needed to address Zimb...Published: 03 Aug 2025 at 09:59hrs | 253 | by Staff reporter
Zimbabwe's rebasing pushes GDP to US$45,7bn
The government's recent rebasing of Zimbabwe's economy has lifted its gross domestic product (GDP) valuation to US$45,7 billion and gross national income (GNI) per capita above US$3 000 - even as ...Published: 01 Aug 2025 at 08:27hrs | 278 | by Staff reporter
Zimbabwe needs G20 help to exit debt trap
Zimbabwe's best chance of exiting a 25-year debt default is to engage the Group of 20 nations to help formulate a solution and stop trying to work its way out of the quagmire itself, World Bank Presid...Published: 28 Jul 2025 at 14:02hrs | 157 | by Staff reporter
Blood shortage crisis pushes Zimbabweans into debt
Zimbabwe's promise of free blood transfusions in public hospitals is being severely undermined by a deepening national shortage, forcing desperate patients to turn to private medical facilities where ...Published: 26 Jul 2025 at 15:14hrs | 303 | by Staff reporter
IMF sees signs of recovery in Zimbabwe
Zimbabwe is showing early signs of economic recovery and macroeconomic stabilization, buoyed by recent policy reforms and improved fiscal management, according to the International Monetary Fund (IMF)...Published: 24 Jul 2025 at 16:53hrs | 821 | by Staff reporter
UK overtakes China as second-largest US Treasury holder
China's recorded holdings of US Treasuries have fallen below those of the UK for the first time since the start of the century, underlining a shift in Beijing's management of its foreign reserves....Published: 21 Jul 2025 at 19:41hrs | 344 | by Staff reporter
Meikles's debt to suppliers raises fresh concerns
Meikles Limited's trade payables more than doubled to ZiG925,78 million in its financial year ended February 28, 2025, sparking fears of deepening debt pressures within Zimbabwe's formal retail sector...Published: 21 Jul 2025 at 12:34hrs | 473 | by Staff reporter
Mwonzora risks losing party property over salary arrears
MDC-T leader Douglas Mwonzora is at risk of having party property attached following a court's decision to grant an application by a former employee seeking enforcement of a ruling for unpaid wages....Published: 21 Jul 2025 at 12:18hrs | 223 | by Staff reporter
Harare plunged into darkness as Zesa switches off tower lights
Harare's last remaining tower lights were switched off this week, plunging Zimbabwe's capital further into darkness - a stark metaphor for the city's deepening governance crisis and financial dysfunct...Published: 18 Jul 2025 at 14:46hrs | 436 | by Staff reporter
Zimbabwe adopts multi-pronged strategy to manage debt
Zimbabwe is pursuing a multi-faceted approach to address its US$21 billion debt obligations, with the government considering leveraging the country's abundant natural resource...Published: 14 Jul 2025 at 07:47hrs | 242 | by Staff reporter
Prophet demands US$6K from stranger's dead dad's 'spiritual debt'
A self-styled prophet who claimed divine powers to extort money from a woman over a fabricated debt allegedly owed by her deceased father has been convicted and sentenced to community service in a cas...Published: 13 Jul 2025 at 16:09hrs | 451 | by Staff reporter
Mnangagwa under fire over farms title deeds
President Emmerson Mnangagwa's controversial land tenure reforms have come under intense scrutiny amid criticism from war veterans and political observers, who argue the policy threatens to reverse Zi...Published: 13 Jul 2025 at 11:40hrs | 664 | by Staff reporter
Extra US$26m splashed on Trabablas raises stink
Finance Minister Mthuli Ncube was grilled by legislators over concerns of excessive expenditure on the Trabablas Interchange project in Harare, with questions raised about the total cost and sources o...Published: 13 Jul 2025 at 11:13hrs | 41 | by Staff reporter
Defaulting RDC cut off
Local authorities across Manicaland are grappling with mounting unpaid water bills and rates, leaving councils with limited options, including rationing supplies and introducing prepaid water meters, ...Published: 11 Jul 2025 at 08:36hrs | 157 | by Staff reporter
Zimbabwe now 5th largest economy in Sadc
Zimbabwe has become the fifth-largest economy in Southern Africa following a major upward revision of its Gross Domestic Product (GDP), reflecting the inclusion of previously unrecorded economic activ...Published: 10 Jul 2025 at 08:58hrs | 313 | by Staff reporter
Bosso clear player dues after Chivayo's US$57,000 bailout
Highlanders Football Club has paid off all outstanding signing-on fees and winning bonuses owed to players from the 2024 season, thanks to the intervention of Harare businessman Wicknell Chivayo....Published: 09 Jul 2025 at 18:04hrs | 452 | by Staff reporter
Zimbabwe hopes to service external debt
Zimbabwe, locked out of international capital markets since defaulting in 1999, expects its stronger economy to help it pay back external creditors, without saying when this would begin.Financ...Published: 09 Jul 2025 at 07:48hrs | 85 | by Staff reporter
Zimbabwe civil servants decry unpaid allowances
Discontent is mounting across Zimbabwe's civil service over the government's continued failure to pay outstanding travel and subsistence allowances - some of which date back as far as 2023 - despite r...Published: 07 Jul 2025 at 08:44hrs | 215 | by Staff reporter
Zimbabwe govt to settle parastatal debt
The Ministry of Finance, Economic Development and Investment Promotion says it is intensifying efforts to settle mounting debts owed to state-owned enterprises (SOEs), including telecoms giant T...Published: 06 Jul 2025 at 19:47hrs | 1709 | by Staff reporter
Air Zimbabwe pays $1mn to rejoin GDSs
Air Zimbabwe has settled more than US$1 million in outstanding debts to key international service providers, a development that paves the way for its reintegration into global ticketing and code-shari...Published: 04 Jul 2025 at 12:56hrs | 344 | by Staff reporter
RBZ to launch diaspora-backed securities
The Reserve Bank of Zimbabwe (RBZ) is preparing to introduce securitised financial instruments backed by diaspora remittances, a bold move aimed at unlocking over US$1 billion in annual inflows ...Published: 04 Jul 2025 at 12:41hrs | 315 | by Staff reporter
Zimbabwe govt owes SeedCo US$40m
Seed Co Limited is reeling from a severe liquidity crisis after the government, its biggest shareholder, failed to pay a staggering US$40 million for seed deliveries made over the past 18 months, the ...Published: 04 Jul 2025 at 12:38hrs | 202 | by Staff reporter
EU Warns Zimbabwe
The European Union (EU) has issued a stark warning to Zimbabwe, urging the government to implement urgent reforms to strengthen the rule of law, combat corruption, and ensure policy predictability. Wi...Published: 03 Jul 2025 at 12:31hrs | 1066 | by Staff reporter
TelOne struggles to attract investment
TelOne (Private) Limited is facing significant challenges in securing fresh capital for vital infrastructure expansion projects, as legacy debts inherited from the defunct Posts and Telecommunications...Published: 03 Jul 2025 at 12:29hrs | 128 | by Staff reporter
No water from the tap. They're asked to pay a tax anyway
HARARE, ZIMBABWE - The cholera outbreak that swept through Zimbabwe in 2008-2009 killed more than 4,000 people and sickened nearly 100,000. Parts of Harare and its surrounding suburbs were especially ...Published: 02 Jul 2025 at 10:02hrs | 450 | by Linda Mujuru, GPJ Zimbabwe
TelOne suffers liquidity crunch
State-owned telecommunications giant TelOne Private Limited is facing a serious liquidity crisis amid revelations that the government owes the company US$19.2 million for voice and data services rende...Published: 02 Jul 2025 at 09:37hrs | 201 | by Staff reporter
Zimbabwe govt under fire over TBs mismanagement
The Zimbabwean government is facing renewed criticism over its handling of Treasury Bills (TBs), amid allegations of corruption, regulatory manipulation, and financial mismanagement that have raised a...Published: 01 Jul 2025 at 08:16hrs | 532 | by Staff reporter
OK Zimbabwe earmarks 50% of capital raise to clear debts
Retail giant OK Zimbabwe Limited has announced plans to allocate more than half of the proceeds from its planned US$30.5 million capital raise - through a rights issue and property disposals - toward ...Published: 30 Jun 2025 at 13:12hrs | 175 | by Staff reporter
Zesa rebundling begins
Mutapa Investment Fund (MIF) has initiated the process of rebundling ZESA Holdings, aiming to streamline operations, enhance efficiency, and reduce costs within Zimbabwe's struggling electricity secto...Published: 29 Jun 2025 at 11:21hrs | 7454 | by Staff reporter
Beer binge ends in bloody attack over debt
A routine beer session spiralled into a night of horror when a 40-year-old man attacked his drinking companion with an axe over a debt dispute, leaving the victim fighting for his life.Nkosila...Published: 27 Jun 2025 at 15:07hrs | 247 | by Staff reporter
Zimbabwe's businesses sound alarm over volatile ZiG
Zimbabwe's business leaders have expressed deep concern over the persistent volatility of the Zimbabwe Gold (ZiG) currency, warning that ongoing instability is crippling industrial growth and eroding ...Published: 26 Jun 2025 at 11:21hrs | 1074 | by Staff reporter
Tagwirei breaks silence on Dema power plant tender
Zimbabwean multi-millionaire tycoon Kudakwashe Tagwirei has for the first time publicly explained how he secured the highly controversial tender to construct the ill-fated Dema Power Plant project in ...Published: 26 Jun 2025 at 09:27hrs | 8486 | by Staff reporter
Revolving fund for Gutu Central vendors launched
A new revolving fund aimed at empowering informal traders and transforming livelihoods was officially launched on Monday in Gutu Central Constituency, offering hope to many small business owners strug...Published: 26 Jun 2025 at 09:06hrs | 30 | by Staff reporter
Online investment scam backfires for EcoCash agents
An attempt to make quick profits through an online investment scheme ended disastrously for two Mutare women who were convicted of fraud after misusing their employer's US$1,500. The crime came to lig...Published: 25 Jun 2025 at 12:34hrs | 1162 | by Staff reporter
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