Search / Debt
Mnangagwa ally appointed Air Zimbabwe board chairperson
PRESIDENT Emmerson Mnangagwa has appointed Chipo Mutasa as the new board chairperson of embattled country's flagship carrier, Air Zimbabwe.Mutasa replaces Silvano Gwarinda who had served as su...Published: 17 hrs ago | 1009 | by Staff reporter
Row over Zesa US$3.9m tender
A TECHNOLOGY company has dragged the Procurement Regulatory Authority of Zimbabwe (Praz) to court, compelling the regulator to investigate a US$3.9 million contract issued by the Zimbabwe Electricity ...Published: 04 Feb 2023 at 20:14hrs | 680 | by Staff reporter
Former Zim health deputy minister denied conjugal rights by wife
FORMER health deputy minister Edwin Muguti's marriage has been dissolved by the High Court after his wife filed for divorce in 2019 accusing him of infidelity.His ex-wife, Tapiwa Mercy Mukandi...Published: 03 Feb 2023 at 07:31hrs | 6318 | by Staff Reporter
Harare backs Moscow
WINDS of a renewed Cold War between the United States and Russia - thunderously manifesting itself in Ukraine through iron and blood - swept across the southern African region this week as Russian For...Published: 02 Feb 2023 at 19:07hrs | 551 | by Staff reporter
Zimbabweans danced when Mugabe fell, now life is worse than ever
For Jasmine Toffa, the hardest moment of her life was not being beaten black and blue by regime thugs. It came when the Zimbabwean MP appeared in parliament after surgery, broken hands in plaster, and...Published: 30 Jan 2023 at 07:15hrs | 1719 | by Christina Lamb for The Sunday Times (UK)
Zimbabwe aims for top spot in carbon steel production
ZIMBABWE is now on a sustainable economic growth path following a number of interventions and is set to become one of the top carbon steel producers in sub-Saharan Africa in the next three years on th...Published: 30 Jan 2023 at 07:10hrs | 164 | by Staff reporter
Ex-MP Maziwisa jail time begins
FORMER Highfield legislator Psychology Maziwisa on Friday started serving his effective 40-month prison term after his appeal against conviction and sentence on two counts of fraud was struck off the ...Published: 30 Jan 2023 at 07:09hrs | 353 | by Staff reporter
Huge oil, gas deposits confirmed in Muzarabani
Large natural gas and oil reserves have now been confirmed in north-east Zimbabwe, although technical glitches meant Australian firm Invictus could not extract a fluid sample to fulfil regulatory requ...Published: 26 Jan 2023 at 07:30hrs | 938 | by Staff reporter
Headwinds ahead for Zanu-PF
NORTON Independent legislator Temba Mliswa remains a comical character but he is one you cannot afford to ignore.A rabble-rouser of note, he has been a thorn in the flesh of Zanu-PF ever since...Published: 21 Jan 2023 at 11:26hrs | 2598 | by Staff reporter
Madzibaba Enock off the hook
A SELF-STYLED Budiriro prominent prophet, Hebert Thabo Senda, known as Madzibaba Enock who was recently bashed by suspected bogus Central Intelligence Organisation operatives, was yesterday acquitted ...Published: 21 Jan 2023 at 08:24hrs | 535 | by Staff reporter
Sanctions choking Zimbabwe: Myth or reality?
"African politics is dogged by crises of legitimacy, monetised politics and corruption, personalised leadership, and lastly the sit-tight syndrome" notes the African Exponent. During an electoral seas...Published: 14 Jan 2023 at 16:33hrs | 597 | by Zvikomborero Sibanda
What can go wrong with your crypto investment?
It may be virtual money, but the value of a cryptocurrency can never be negative. To put it simply, a cryptocurrency's ...Published: 10 Jan 2023 at 16:16hrs | 209 | by Moyo Roy
Man attempts to kill seven people
A Mutoko man is in soup after he attempted to burn seven people alive by setting their house on fire on New Year's Eve over a debt.Dzidzai Korera (29) appeared before Mutoko magistrate Elijah ...Published: 07 Jan 2023 at 08:44hrs | 1631 | by Simbarashe Sithole
Chaos as Insiza North MP Farai Taruvinga is embroiled in a scandalous 66 cows soccer tournament
Controversial ZANU PF Insiza North Member of Parliament Farai Taruvinga has been embroiled in a US$60 000 controversial soccer tournament which has caused members of the constituency to go up in...Published: 04 Jan 2023 at 19:03hrs | 3166 | by Mandla Ndlovu
'Bulawayo City owed $31 billion' Mayor says
Bulawayo Mayor, Solomon Mguni has announced that the City of Bulawayo is being owed dentitled to ZW$31 Billion which unfortunately lies in the hands of the City's debtors.In his end of year re...Published: 04 Jan 2023 at 07:38hrs | 1320 | by Mzingaye Nxumalo
Zimbabwean Economy expected to curve-in further into 2023
The Economic Intelligence Unit (EIU), a global team of Economists with over 70 years of experience in Economic analysis has predicted a continued fall in Zimbabwe's Economy together with the value of ...Published: 30 Dec 2022 at 17:41hrs | 1715 | by Mzingaye Nxumalo
Harare mayor admits bungling
Harare mayor Jacob Mafume has admitted his council messed up after issuing just 163 stands out of a total 5,000 initially targeted for allocation to home seekers in 2022 by the local authority....Published: 28 Dec 2022 at 20:34hrs | 327 | by Staff reporter
Zimbabwe unlikely to benefit from US$55 billion Africa injection
ALTHOUGH the United States government promised US$55 billion investment into Africa over the next three years at the US-Africa summit that ended this week, Zimbabwe is unlikely to benefit much because...Published: 21 Dec 2022 at 20:08hrs | 359 | by Staff reporter
There is plenty of water in Redcliff, but it does not get to the taps in homes
Redcliff municipality has been reeling from acute water supply shortage, a situation that has been going on since the fall of Zimbabwe Iron and Steel Company (ZISCO) around 2010.The water cris...Published: 18 Dec 2022 at 11:23hrs | 507 | by Taruberekera Masara
Lenders slap Zimbabwe with US$2,1 billion penalties
INTERNATIONAL creditors and banks have hit Zimbabwe with penalties totalling US$2,1 billion for unsettled debts, official data has shown.According to a report titled "Statement of Zimbab...Published: 18 Dec 2022 at 06:50hrs | 1146 | by Staff reporter
Mnangagwa's foreign policy stuck in a time warp
ZIMBABWE'S foreign policy and international re-engagement drive has not shifted from the Mugabe era, as shown by the imposition of fresh sanctions on individuals, analysts have said.President ...Published: 17 Dec 2022 at 12:38hrs | 711 | by Staff reporter
Government policy destroying the formal economy
Policy missteps and inconsistency has turned the Zimbabwean economy on its head against the formal sector, posing a threat to business continuity, domestic resource mobilization and formal employment....Published: 16 Dec 2022 at 00:06hrs | 838 | by Victor Bhoroma
Tough foreign exchange regime suffocating economy
Zimbabwe's broad money supply has grown from just under ZW$364,60 billion as of September 2021 to more than ZW$1,920 trillion as of September 2022. This represents growth of over 426% over a period of...Published: 16 Dec 2022 at 00:02hrs | 411 | by Victor Bhoroma
Zimbabwe macroeconomic priorities for 2023
Zimbabwe's treasury department presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The budget roughly translates to US$5.3 billion if the market exchange rate is used. As is...Published: 15 Dec 2022 at 23:53hrs | 227 | by Victor Bhoroma
AfDB rallies support for Zimbabwe debt solution
When the African Development Bank (AfDB) president, Dr Akinwumi Adesina, speaks on the effects of devastating economic sanctions slapped on Zimbabwe over two decades ago by Britain and her western all...Published: 15 Dec 2022 at 00:21hrs | 609 | by Staff reporter
Does the current water shedding mean a broken system in the BCC?
This year so far has not only been struck by the long hours of load shedding but water is being cut constantly with people having to go at least 72 hours ...Published: 14 Dec 2022 at 07:03hrs | 963 | by Mzingaye Nxumalo
Zimbabwe's 24 500km road network to be revamped by 2025
THIS week Zimbabwe Independent (ZI) business reporter, Freeman Makopa caught up with Transport and Infrastructural Development minister Felix Mhona (FM) to discuss updates in the progress of crucial i...Published: 09 Dec 2022 at 17:55hrs | 846 | by Staff reporter
Zimbabwe police move to raid Tetrad Bank directors
THE Criminal Investigation Department (CID) Asset Forfeiture Unit has obtained a warrant of search and seizure against Tetrad Investment Bank (TIB) management and directors in a case of fraud and mone...Published: 09 Dec 2022 at 17:53hrs | 1907 | by Staff reporter
Southern African power crisis stems from post-liberation history
THE electrical power crisis that has enveloped southern Africa has its roots in our post-liberation history. Prior to that, the utilities created by the States of southern Africa exhibited considerabl...Published: 08 Dec 2022 at 05:10hrs | 671 | by Eddie Cross
Zimbabwe unemployment, education system not directly linked
IN the Wednesday edition of NewsDay we carried a story in which some of our college student leaders were frothing at the mouth over the failure by many of the students to get employment soon after gra...Published: 08 Dec 2022 at 05:09hrs | 210 | by Staff reporter
Students blame Zimbabwe education system for joblessness
ZIMBABWE's tertiary students have blamed the country's education system for not preparing them for formal job after completing their studies, resulting in many turning to vending to make ends meet....Published: 07 Dec 2022 at 05:07hrs | 299 | by Staff reporter
Zimbabwe fulfils land compensation obligations?
WITH allocations in next year's budget and the Government and white former commercial farmers ready to work together to raise funds through long-term bonds, the farmers will start receiving compensati...Published: 07 Dec 2022 at 05:04hrs | 195 | by Staff reporter
Reserve Bank of Zimbabwe bullish on inflation
THE Reserve Bank of Zimbabwe (RBZ) yesterday remained bullish that month-on-month inflation will remain stable below 3% throughout next year, despite indications last week that the country will use de...Published: 06 Dec 2022 at 05:03hrs | 203 | by Staff reporter
Reserve Bank of Zimbabwe keeps bank rate at 200%
THE Reserve Bank of Zimbabwe (RBZ) has kept its bank policy rate at 200 percent after its Monetary Policy Committee (MPC) expressed satisfaction with how the current tight monetary policy stance has h...Published: 06 Dec 2022 at 04:58hrs | 155 | by Staff reporter
Beyond Beijing's 'gift' to Zimbabwe
On November 23, 2022, the President of Zimbabwe, Emmerson Mnangagwa gave the state of the nation address at the new iconographic parliament building that was designed, funded, built and "donated" by C...Published: 04 Dec 2022 at 08:12hrs | 210 | by Gorden Moyo
Debt financing to fund 2023 budget
Finance minister Mthuli Ncube says debt financing will be used to fund the $4,5 trillion 2023 national budget, raising concerns about money supply growth.Treasury expects $3,9 trillion in reve...Published: 04 Dec 2022 at 08:11hrs | 82 | by Staff reporter
English language test dashes nurses' hopes of filling UK jobs
As a fluent English speaker, Indian-trained nurse Deepa was surprised to learn she had to sit a language test to practise in Britain, her home for many years. She was even more shocked when she failed...Published: 04 Dec 2022 at 08:07hrs | 306 | by Staff reporter
Chamisa, Mnangagwa legislators united over US$40m loan
Members of Parliament (MPs) from across the political divide who usually fiercely clash over policy issues have come to speak with one voice in defence of the controversial US$40m loan facility from t...Published: 03 Dec 2022 at 09:12hrs | 1077 | by Staff reporter
'Ministries dodge Zacc probe'
GOVERNMENT ministries are reportedly refusing to release information required for investigation of graft cases, in the process frustrating and delaying the finalisation of cases brought to the courts,...Published: 03 Dec 2022 at 07:13hrs | 344 | by Staff reporter
High Court suspends 5 Binga by-elections
THE High Court has barred the Zimbabwe Electoral Commission (Zec) from holding by-elections in five wards under Binga Rural District Council that were supposed to be held today.By-elections we...Published: 03 Dec 2022 at 07:13hrs | 1677 | by Staff reporter
Zimbabwe now one of the fastest growing African economies
ANALYSING Zimbabwe's unconventional economy always proves somewhat cumbersome because it is a country bridled with policy inconsistency, unfavourable operating conditions buoyed by decades of unilater...Published: 02 Dec 2022 at 19:32hrs | 1508 | by Respect Gwenzi
Chamisa, Mnangagwa MPs jostle for US$40,000 housing loan
PARLIAMENTARIANS are legally bound to service the recently extended US$40 000 residential stands loans at an interest rate of 5% for the next five years.Some MPs have offered vehicles as colla...Published: 02 Dec 2022 at 19:31hrs | 399 | by Staff rteporter
RBZ in gems mop up deal
THE government has structured a deal that will see the Reserve Bank of Zimbabwe (RBZ) buying excess diamonds as it moves to shut out unscrupulous dealers that have been dribbling authorities....Published: 02 Dec 2022 at 19:30hrs | 301 | by Staff rteporter
Chissano to lead Zimbabwe re-engagement drive
ZIMBABWE has roped in the services of former Mozambican President Joachim Chissano to head a delegation that will seek to resolve the nation's long-standing impasse with its creditors and the internat...Published: 02 Dec 2022 at 05:02hrs | 975 | by Staff reporter
Government outlines measures to stabilise electricity supply
Efforts to stabilise electricity supply are ongoing, with the Government coming up with a raft of measures such as gradually reviewing the tariff upwards so that funds are available for maintenance, i...Published: 02 Dec 2022 at 04:56hrs | 243 | by Staff reporter
ZRP officer faces grim prospect of his pay being garnished for torturing civilian
A ZIMBABWE Republic Police (ZRP) officer could soon have his monthly salary garnished to pay up ZW$400,000 damages to a Chitungwiza man, Ednock Dube, who he tortured for violating Covid-19 curfew regu...Published: 01 Dec 2022 at 05:02hrs | 782 | by Staff reporter
Zimbabwe Foreign Affairs budget won't last 6 months
THE Foreign Affairs ministry has decried the low budgetary allocation it received in the 2023 National Budget saying it is inadequate to meet challenges faced by the country's embassies.Foreig...Published: 01 Dec 2022 at 05:00hrs | 203 | by Staff reporter
Old Mutual-backed tech hub trains start-ups on venture capital
Old Mutual Zimbabwe's corporate incubator and accelerator in Harare, Eight2Five Innovation Hub has collaborated with the US Embassy to bring a US Venture Capital expert, Dawn Batts to upskill local en...Published: 30 Nov 2022 at 17:44hrs | 276 | by Simbarashe Sithole
Zimbabwe govt rejigs US$3.5bn compensation to farmers
ZIMBABWE'S cash-strapped Treasury has proposed a staggered payout plan to settle the US$3.5 billion compensation to white ex-commercial farmers who lost vast tracts of land when the government embarke...Published: 29 Nov 2022 at 18:00hrs | 353 | by Staff reporter
'Mnangagwa's govt likely to print money to fund deficit'
ONE of Zimbabwe's top financial institutions, FBC Holdings Limited (FBC) says the 2023 National Budget announced last week will likely be funded by money printing, amid dwindling revenue options for T...Published: 29 Nov 2022 at 05:21hrs | 332 | by Staff reporter
Load More Stories
