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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 | 114 | by Staff reporter
Chitungwiza continues to battle with sewer challenges
Perennial sewer problems remain one of the most pressing challenges facing Chitungwiza Municipality, although the local authority has recorded some improvements in certain areas, ...Published: 14 Jul 2025 at 07:45hrs | 81 | by Staff reporter
Africa's inequality crisis: How government systems fuel corruption and entrench elitism
A recent Oxfam report has ignited renewed scrutiny of Africa's political and economic order, revealing a disturbing truth: while a handful of billionaires accumulate staggering wealth, hundreds of mil...Published: 14 Jul 2025 at 07:12hrs | 168 | by James Mathonsi
Ex-Nigerian president dies at a clinic in London
Muhammadu Buhari, a former Nigerian military ruler who went on to become the nation's first opposition candidate to win a presidential election, has died. He was 82.Buhari died on Sunday after...Published: 13 Jul 2025 at 21:12hrs | 1086 | by Staff reporter
Mutapa to shake-up State firms
Mutapa Fund Plots Major Shake-Up of State-Owned Enterprises to Enforce Governance and ProfitabilityZimbabwe's sovereign wealth vehicle, the Mutapa Investment Fund, is preparing to roll out swe...Published: 13 Jul 2025 at 16:12hrs | 651 | 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 | 449 | 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 | 625 | 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 | 151 | 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 | 304 | 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 | 446 | 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 | 82 | by Staff reporter
UK-based couple files complaint against Bulawayo prosecutors
A Bulawayo couple now living in the United Kingdom has lodged a formal complaint against prosecutors at the Bulawayo Tredgold Courts over delays and alleged mishandling of a fraud case involving a wom...Published: 07 Jul 2025 at 08:47hrs | 2100 | 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 | 200 | 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 | 1607 | by Staff reporter
Gata died a bitter, angry, broken man
Sydney Gata, the long-serving and controversial executive chairman of the Zimbabwe Electricity Supply Authority (ZESA), has died at the age of 79 - just days after his tenure was terminated by Energy ...Published: 04 Jul 2025 at 15:46hrs | 7903 | by Staff reporter
'Zimbabwe losing billions in tax revenue to informal sector'
Zimbabwe is losing between US$7.5 billion and US$8 billion in potential tax revenue every year due to the dominance of its informal sector, according to new estimates by the African Development Bank (...Published: 04 Jul 2025 at 14:22hrs | 205 | 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 | 338 | 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 | 311 | 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 | 200 | 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 | 1062 | 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 | 125 | by Staff reporter
Jesus, not 'divine apples', is the source of our blessings
Must Christians be the most easily deceived people on earth?It is both heartbreaking and infuriating to witness how the Christian faith is being manipulated and commercialized in Zimbabwe unde...Published: 02 Jul 2025 at 10:07hrs | 294 | by Tendai Ruben Mbofana
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 | 448 | by Linda Mujuru, GPJ Zimbabwe
Dembare avert Fifa transfer ban
Dynamos Football Club have avoided a potentially crippling FIFA transfer embargo after clearing outstanding payments owed to their former Ghanaian players, Emmanuel Paga and Fredrick Ansa-Botchway....Published: 02 Jul 2025 at 09:40hrs | 176 | by Staff reporter
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 | 198 | by Staff reporter
There's nothing visionary about a president who only acts after public pressure
It is hardly praiseworthy for a father to feed his family only after their cries of hunger grow too loud to ignore.I was watching a news report on the state broadcaster this evening, and by th...Published: 01 Jul 2025 at 11:05hrs | 332 | by Tendai Ruben Mbofana
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 | 493 | 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 | 174 | 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 | 7417 | by Staff reporter
Chivayo ties behind Jah Prayzah's US visa woes
Zimbabwean-born UFC star Themba Gorimbo has spoken out on musician Jah Prayzah's recent US visa setback, subtly suggesting that the artist's close ties to controversial businessman Wicknell Chivayo ma...Published: 27 Jun 2025 at 18:28hrs | 1416 | 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
Zimbabwean musician Jah Prayzah denied US visa
Zimbabwean music superstar Jah Prayzah has been forced to cancel his highly anticipated Independence Day performances in the United States after encountering visa-related complications, dealing a blow...Published: 27 Jun 2025 at 14:35hrs | 164 | by Staff reporter
Bosso acting CEO quits
Highlanders Football Club is on the verge of making a critical leadership decision that could shape its trajectory both on and off the field. The Bulawayo giants are scheduled to interview four candid...Published: 27 Jun 2025 at 09:22hrs | 169 | 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 | 1072 | 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 | 8436 | by Staff reporter
Zimbabwe's 2 595 councillors to blow US$1 million
An estimated US$1 million of ratepayers' money is set to be spent as 2,595 councillors from Zimbabwe's 92 local authorities prepare to attend a brief meeting with President Emmerson Mnangagwa - the se...Published: 26 Jun 2025 at 09:08hrs | 139 | 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
Construction boom in Zimbabwe spurs growth for PPC
The construction sectors in Zimbabwe and South Africa are showing strong signs of sustained growth, creating favourable conditions for companies like Pretoria Portland Cement (PPC) to increase competi...Published: 25 Jun 2025 at 15:53hrs | 191 | 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 | 1161 | by Staff reporter
Lake Kariba black market fish trade fuels illicit financial flow
A booming black market fish trade along Lake Kariba, driven by the illegal use of cheap twine nets, is undermining Zimbabwe's formal fishing economy and fuelling millions of dollars in illicit financi...Published: 22 Jun 2025 at 09:08hrs | 217 | by Staff reporter
Auditor General flags deep financial mismanagement at CAAZ
The Auditor General has raised serious concerns over financial mismanagement and poor governance at the Civil Aviation Authority of Zimbabwe (CAAZ), warning that the parastatal is burdened by legacy d...Published: 22 Jun 2025 at 09:05hrs | 115 | by Staff reporter
Edgars turns to mass market and local supply
Edgars Stores Limited has effectively become Zimbabwe's sole listed clothing retailer after Truworths Zimbabwe entered corporate rescue in 2024, following a prolonged period of financial distress and ...Published: 20 Jun 2025 at 17:38hrs | 135 | by Staff reporter
IMF withholds Zimbabwe reform programme
The International Monetary Fund (IMF) has signalled that Zimbabwe's much-anticipated Staff Monitored Programme (SMP) - a critical step in the country's economic reform and debt resolution strategy - w...Published: 20 Jun 2025 at 07:39hrs | 2205 | by Staff reporter
Zimbabwe's sugar giant gets rescue deal
A consortium of Zimbabwean and Pakistani investors has officially taken over Tongaat Hulett Zimbabwe, offering renewed optimism for one of Zimbabwe's most strategic agro-industrial players. The acquis...Published: 20 Jun 2025 at 06:03hrs | 185 | by Christopher Mutambirwa
IMF says Zimbabwe's economy has made significant progress
The International Monetary Fund said Zimbabwe's economic progress represents a "regime change," but declined to say if or when the Washington-based lender would grant it a staff-monitored program....Published: 19 Jun 2025 at 17:06hrs | 908 | by Staff reporter
Zimbabwe asks South Africa to back G-20 debt overhaul
Zimbabwe has asked South Africa to help garner support for its debt to be revamped under the Group of 20's Common Framework, a step that could restore its access to international capital markets for t...Published: 19 Jun 2025 at 07:17hrs | 221 | by Staff reporter
Zimbabwe rebuilds correspondent banking ties
The Bankers Association of Zimbabwe (BAZ) has confirmed that some regional and niche international financial institutions have begun cautiously re-engaging with Zimbabwean banks, following the lifting...Published: 19 Jun 2025 at 07:10hrs | 153 | by Staff reporter
Prophet Magaya faces estate liquidation
Prominent cleric and founder of Prophetic Healing and Deliverance (PHD) Ministries, Walter Magaya, is facing the possible liquidation of his estate after allegedly failing to settle a US$420,140...Published: 19 Jun 2025 at 07:04hrs | 340 | by Staff reporter
Zimbabwe govt squeezes miners for more forex
Zimbabwe's mining industry is facing increased strain as government departments intensify demands for miners to pay taxes and fees in foreign currency-on top of the mandatory 30% surrender of ex...Published: 16 Jun 2025 at 14:48hrs | 197 | by Staff reporter
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