Search / Debt
Land reform beneficiaries must compensate ex-farmers
GOVERNMENT'S US$3,5 billion compensation offer to former commercial farmers dispossessed of land during the land reform programme has raised a lot of anxiety within and outside the country's borders, ...Published: 04 Aug 2020 at 08:19hrs | 1153 | by Staff reporter
Mthuli Ncube misleading Mnangagwa, says Mashakada
FORMER Economic Planning and Investment Promotion minister Tapiwa Mashakada has accused Finance minister Mthuli Ncube of misleading President Emmerson Mnangagwa and the nation through his continued de...Published: 04 Aug 2020 at 08:12hrs | 1622 | by Staff reporter
'Security sector hijacks Zimbabwe economy'
ZIMBABWE'S security sector has taken over control of all levers of the national economy, making it difficult to eliminate corruption as the "law does not apply to them", the Public Policy Research Ins...Published: 04 Aug 2020 at 08:10hrs | 1407 | by Staff reporter
Decaying infrastructure drags Zimbabwe to Stone Age
ZIMBABWE is lagging behind other regional countries in infrastructural development and would require huge investment to build robust infrastructure and catch up with continental leaders, a new report ...Published: 02 Aug 2020 at 09:17hrs | 224 | by Staff reporter
In Zimbabwe, no one can breathe
On July 20, police in Zimbabwe arrested and detained journalist Hopewell Chin'ono. The prominent investigative reporter had blown the whistle on a $60 million corruption scandal in June.They a...Published: 02 Aug 2020 at 09:01hrs | 136 | by Panashe Chigumadze
Mum migrates leaving three fatherless children alone with no food
FIFTEEN-year-old Josphat Chibaya (15) dreams of being a soldier and aims at protecting his country in times of trouble, his younger sister Emma (13) wants to ensure we have a healthy nation as she wan...Published: 02 Aug 2020 at 08:17hrs | 2805 | by Staff Reporter
'Mnangagwa urinates on the graves of Zimbabwe's heroes' Malema says
South African opposition party, Economic Freedom Fighters, have accused President Emmerson Mnangagwa of undermining the war of liberation that was waged by Zimbabweans through signing a deal to compen...Published: 31 Jul 2020 at 11:31hrs | 7118 | by Mandla Ndlovu
Noic, Sakunda sucked in US$17m loan scandal
EXPLOSIVE details show that the state-owned National Oil and Infrastructure Company (Noic) was advanced by Sakunda Holdings US$17,5 million of a US$22,75 million loan agreement to buy out Lonmin's 50%...Published: 31 Jul 2020 at 08:00hrs | 3818 | by Staff reporter
Zimbabweans labour under Zanu-PF debt concrete slab
ONE thing that makes me smile when I think constitutional democracy an elected government that shows unwavering love for its citizens. In perfect liberal or social democracies, elected governments fea...Published: 31 Jul 2020 at 07:56hrs | 252 | by Rejoice Ngwenya, Comaliso
Kasukuwere says his hands are clean
FORMER Local Government minister Saviour Kasukuwere has challenged ex-Reserve Bank of Zimbabwe governor Gideon Gono and presented evidence that he settled his debt under the Farm Mechanisation Program...Published: 31 Jul 2020 at 07:46hrs | 1022 | by Staff reporter
Masiyiwa struggles to sell stake in Liquid
THE coronavirus pandemic is hampering efforts by Zimbabwean billionaire Strive Masiyiwa to sell a stake in Africa's largest fibre company.Masiyiwa is seeking buyers for 20% to 34% of Liquid Te...Published: 31 Jul 2020 at 07:39hrs | 562 | by Staff reporter
'Private sector now controlling Zimbabwe State'
AFRICAN Parliamentarians Network Against Corruption (APNAC) says Zimbabwe has been taken over by the private sector, a situation that has left the State fragile and vulnerable to corruption.Sp...Published: 31 Jul 2020 at 07:38hrs | 308 | by Staff reporter
Security forces on high alert
SECURITY forces are on high alert and will be out in full force with adequate manpower to thwart any illegal protests meant to destabilise the country. Police yesterday said people should go a...Published: 31 Jul 2020 at 07:30hrs | 255 | by Staff reporter
Mnangagwa's advisor Sam Malaba dies
Former Agribank Chief Executive , Somkhosi Mahamba Temba Malaba has died. He had been suffering from kidney illness for the past 12 years.Malaba was also a members of the PAC (Presidential Adv...Published: 30 Jul 2020 at 13:20hrs | 10816 | by Mandla Ndlovu
WFP urgently seeks US$250m for Zimbabwe crisis
With COVID-19 aggravating an already severe hunger crisis in Zimbabwe, the United Nations World Food Programme (WFP) today appealed for an additional US$250 million to support a rapidly expanding emer...Published: 30 Jul 2020 at 10:54hrs | 490 | by Staff reporter
White farmers to get US$3.5 b compensation - only objection, looters must pay not povo
Zimbabwe has signed an agreement with the Commercial Farmers Union of Zimbabwe and the Southern African Commercial Farmers Alliance which mandates Zimbabwe to pay white commercial farmers US$3.5 billi...Published: 30 Jul 2020 at 07:56hrs | 370 | by Wilbert Mukori
Vela piles pressure on BDO Zimbabwe
FORMER National Social Security Authority (NSSA) chairperson Robin Vela has threatened to sue BDO International if it fails to distance itself from a 2019 audit report by BDO Zimbabwe on the pay-as-yo...Published: 29 Jul 2020 at 09:21hrs | 537 | by Staff reporter
'Kasukuwere didn't pay for farm equipment'
The Reserve Bank of Zimbabwe's former subsidiary, Fiscorp, which handled the Farm Mechanisation Programme between 2007 and 2008, has challenged former legislator, Mr Kudakwashe Bhasikiti and self-exil...Published: 29 Jul 2020 at 09:12hrs | 1256 | by Staff reporter
Mohadi in Tanzania for Mkapa funeral
VICE President Kembo Mohadi left the country this morning to attend the funeral of former Tanzanian President Benjamin Mkapa who died on Thursday at Dar es Salaam Hospital where he had been admitted f...Published: 28 Jul 2020 at 20:24hrs | 1906 | by Staff reporter
Is an installment loan online right for you?
An installment loan can be an excellent instrument in your personal finance arsenal, especially when used properly. Although the term "installment" may sound intimidating or unfamiliar, perhaps you ha...Published: 28 Jul 2020 at 18:44hrs | 603 | by Staff writer
2020 Mid Term Budget Hits and Misses
The 2020 mid-term budget and economic review was delivered amid high inflation levels and declining economic productivity that has been worsened by the Corona Virus pandemic. The Zimbabwean economy is...Published: 27 Jul 2020 at 20:38hrs | 1144 | by Victor Bhoroma
Kariba Sparkles But Economic Malaise Dulls The Shine
The Municipality of Kariba is on a charm offensive, softening and winning hearts, grinding impressive results and winning accolades. If this lasts, then the happy days will return to the resort town....Published: 27 Jul 2020 at 20:01hrs | 566 | by Laiton Kandawire: Patsaka-Nyaminyami Community Radio Environment and Tourism Correspondent
'Gono must be arrested'
ZAPU has called for the arrest of former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono and the simultaneous setting up of a commission of inquiry into the extravagant Farm Mechanisation Programm...Published: 27 Jul 2020 at 19:44hrs | 2803 | by newzimbabwe
A selfish proliteriate, a voracious educated elite and a rapacious ruling class - The opiate numbing Zimbabwe
Wrote in 1943, Karl Marx's celebrated dictum, "religion is the opium of the people," entered popular lexicon and according to Rosie Blau ,still resonates with 4,5 billion people the world over who ide...Published: 26 Jul 2020 at 23:10hrs | 1760 | by Evangelist Sendekai W.T
Farm mechanisation scandal must be investigated: ZAPU
Whereas ZAPU is the pioneer advocate for good governance and rule of law;Whereas the mother party abhors a government with no ethics, transparency and accountability;Whereas ...Published: 26 Jul 2020 at 10:56hrs | 155 | by Iphithule Maphosa
Zimbabwe is a failed State, says ZCTU
ZIMBABWE Congress of Trade Unions president Peter Mutasa yesterday described the country as a "failed State" given the high poverty levels, decaying infrastructure, the odious debt situation caused mo...Published: 25 Jul 2020 at 08:35hrs | 5039 | by Staff reporter
Mnangagwa's Zimbabwe tumbles on business rankings
ZIMBABWE, in the throes of its worst political and economic crisis in more than a decade, has the highest country risk in the whole of Southern Africa, a report has revealed.The country is con...Published: 24 Jul 2020 at 08:21hrs | 3749 | by Staff reporter
Mobocracy, 'dofocracy' and the myth of new dispensation
"WE spoke and acted as if, given the opportunity, we would quickly create utopias. Instead injustice, even tyranny is rampant." Mwalimu Julius Nyerere.Dofocracy/DomocracyIn Shona a dofo is...Published: 24 Jul 2020 at 08:16hrs | 1395 | by Brian T Kagoro
Gono defends 'RBZ looting' on TV debate
THE farm mechanisation programme spearheaded by the Government between 2007 and 2008 was not corrupt but legal with the costs taken care of by the State through the central bank's internal operations,...Published: 24 Jul 2020 at 07:40hrs | 1940 | by Staff reporter
Expelled MDC Alliance MPs to lose vehicles
MDC Alliance MPs recently expelled from parliament have to endure the double humiliation of losing their membership to the esteemed house and vehicles acquired through parliament's vehicle loan scheme...Published: 23 Jul 2020 at 20:30hrs | 2196 | by Staff reporter
African Development Bank set to join landmark $20 billion Mozambique LNG financing
The African Development Bank has concluded its bid to co-finance the construction of Mozambique's integrated Liquefied Natural Gas (LNG) plant by signing a senior loan of $400 million for the transfor...Published: 22 Jul 2020 at 10:23hrs | 833 | by Stephen Jakes
MDC Alliance's role in undermining national development
President Mnangagwa continues to pursue an ambitious economic reform agenda that has, within a short space of time, seen the budget deficit being tamed, economic fundamentals once again in place and a...Published: 22 Jul 2020 at 08:43hrs | 1721 | by Pupurai Togarepi
Fadzayi Mahere's special letter to Mnangagwa
I am a politician but I am not writing this letter to you in that capacity. I am writing to you as a young woman, as a citizen and as part of a generation to whom a debt is due. When we were l...Published: 21 Jul 2020 at 16:52hrs | 10745 | by Fadzayi Mahere
Human Rights Watch statement on Chin'ono and Ngarivhume arrests
The Zimbabwe police today arrested and detained Hopewell Chin'ono, an awarding-winning journalist, and Jacob Ngarivhume, leader of the political group Transform Zimbabwe. Both are accused of inciting ...Published: 21 Jul 2020 at 15:04hrs | 1650 | by Dewa Mavhinga
Gono trips self in farm mechanisation looting saga?
FORMER Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has said the farm mechanisation programme he presided over was not part of the debt taken over by government and passed on the taxpayer via t...Published: 21 Jul 2020 at 09:07hrs | 3029 | by Staff reporter
Buyanga wins US$283,000 debt row
A HARARE couple has withdrawn its petition for civil imprisonment against South Africa-based businessman, Frank Buyanga over a 2016 debt of US$283 000. Tawanda Jakachira and his wife Winnie ha...Published: 21 Jul 2020 at 09:01hrs | 1216 | by Staff reporter
Ex-Zesa boss arrested
Former Zesa Holdings group chief executive, Josh Chifamba, and two other senior officials, were arrested yesterday by the Zimbabwe Anti-Corruption Commission (Zacc) on allegations of appointing a city...Published: 21 Jul 2020 at 09:00hrs | 937 | by Staff reporter
Looting exposé shakes Gideon Gono
THE ruling Zanu-PF party yesterday appeared shaken to the core after names of government fat cats who benefited from the 2007/8 Reserve Bank of Zimbabwe (RBZ)-funded farm mechanisation scheme were exp...Published: 20 Jul 2020 at 17:58hrs | 9300 | by Staff reporter
Jonathan Moyo speaks on Farm Mechanization grand looting
Professor Jonathan Moyo says the much talked about farm mechanization saga was nothing more than a subsidy scheme meant to assist farmers. Moyo's remarks follow the statements issued by former...Published: 20 Jul 2020 at 13:45hrs | 8499 | by Mandla Ndlovu
'State did not demand repay US$ b RBZ loans, all above board' said Gono - essence of institutionalised corruption
After decades of denying that corruption was rampant is Zimbabwe, Mugabe shocked the nation in his 2016 birthday interview with ZBC TV when he admitted the country was "been swindled out of US$15 bill...Published: 20 Jul 2020 at 11:45hrs | 1493 | by Wilbert Mukori
Looting expose quakes Zanu-PF
Zanu-PF appeared shaken to the core after names of government fat cats who benefitted from the 2007/8 RBZ-funded mechanization programme were exposed, with acting party spokesperson Patrick Chinamasa ...Published: 20 Jul 2020 at 08:24hrs | 4714 | by Staff reporter
Welshman Ncube, Khupe also benefitted from RBZ looting programme
SETTING THE RECORD STRAIGHT: THE 2007/8 Farm Mechanisation Programme was above board: Taxpayers not saddled with the Bill.First of all, I must express my prima-facie disappointment with my bro...Published: 20 Jul 2020 at 08:24hrs | 7384 | by Dr Gideon Gono
RBZ looting talk aimed at whipping public emotions against Zanu-PF?
ZANU-PF has dismissed as baseless, claims that some of its senior officials looted millions of United States dollars in public funds through the Reserve Bank of Zimbabwe (RBZ)'s farm mechanisation sch...Published: 20 Jul 2020 at 08:23hrs | 1566 | by Staff reporter
Gono slams Magaisa for ignorance
The Farm Mechanisation Programme of 2007 was above board, was funded from Reserve Bank of Zimbabwe funds with beneficiaries never expected to repay the sums, and taxpayers were not saddled with the bi...Published: 20 Jul 2020 at 08:20hrs | 779 | by Staff reporter
Gono confronts Tsvangirai's ex-advisor
FORMER Reserve Bank of Zimbabwe governor, Gideon Gono was Saturday forced to defend his controversial Farm Mechanisation Programme, insisting the dishing out of millions of public funds to senior Zanu...Published: 19 Jul 2020 at 09:27hrs | 6139 | by Staff reporter
Outrage after beneficiaries of RBZ millions are exposed
A leaked list of the beneficiaries of a controversial Reserve Bank of Zimbabwe (RBZ) farm mechanisation scheme has sparked fresh demands for the politically-connected to pay back the money after their...Published: 19 Jul 2020 at 09:20hrs | 5023 | by Staff reporter
Zanu PF's mask is shifting at the everest of the Covid19 Pandemic
For donkey years, the Zanu PF's tin-pot trimvirate has been playing a game of musical choirs to keep itself in power amidst the deepening and excruciating economic and constitutional free-fall. Zimbab...Published: 19 Jul 2020 at 07:20hrs | 716 | by Matthew Dube Esquire
Key aspects sinking the Zimbabwean Dollar
The Zimbabwean economy is rapidly re-dollarizing, less than 12 months after the government banned the trading of multiple currencies through Statutory Instrument 142 of 2019 and introduced a local cur...Published: 19 Jul 2020 at 07:03hrs | 3289 | by Victor Bhoroma
Buyanga escapes jail
HIGH Court judge, Mary Zimba Dube has put to an end a long-running legal feud between controversial businessman Frank Buyanga and a Harare couple over a US$282 640 debt.Since 2016, Tawanda and...Published: 18 Jul 2020 at 08:43hrs | 1188 | by newzimbabwe
Conventional economics do not often apply to the Zimbabwean economy
CONVENTIONAL economics do not often apply to the Zimbabwean economy. If we take as an example the period during the government of national unity (GNU) from 2009 to 2013, the hard currency revenues to ...Published: 16 Jul 2020 at 07:49hrs | 1491 | by Eddie Cross
Load More Stories
