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Paid an arm and leg for Hwange Unit 7 & 8 and yet they not generating - Chinese demanding head in a silver platter!
ZESA's explanation of reduced generation from Hwange Thermal Power Station especially due to repeated Units 7 and 8 did not make any sense at all. The two units costing US$ 1.4 billion were commission...Published: 18 hrs ago | 1108 | by Wilbert Mukori
Harare council fails to account for 100,000 houses
Harare Mayor Councillor Jacob Mafume has disclosed that the city is failing to collect rates from over 100,000 households due to an inefficient accounting system, further exacerbated by a growing numb...Published: 20 Nov 2024 at 06:48hrs | 188 | by Staff reporter
Mthuli Ncube to clear ZiG57m BEAM arrears
The Government has pledged to clear ZiG57 million in arrears owed to the Basic Education Assistance Module (BEAM), following a recent directive from the ruling Zanu-PF party to settle outstanding debt...Published: 14 Nov 2024 at 09:23hrs | 91 | by Staff reporter
Council in US$2,1m billing system storm
The Harare City Council recently bypassed a locally-developed enterprise resource planning (ERP) system, opting instead to pay US$2.1 million to a foreign vendor, prompting public criticism. The rejec...Published: 11 Nov 2024 at 07:02hrs | 151 | by Staff reporter
Businessman challenges High Court ruling after losing US$380k home
Harare businessman Frank Humbe has taken his fight for justice to the Supreme Court, appealing a High Court ruling that dismissed his application for rescission of a default judgment against suspected...Published: 29 Oct 2024 at 07:40hrs | 442 | by Staff reporter
Traditional Healer Gogo Chihoro to Open Office in Bulawayo This Saturday, Answering Calls from Matabeleland
Renowned traditional healer Gogo Chihoro will launch her long-awaited office in Bulawayo this Saturday. After receiving numerous calls from Matabeleland residents, who yearn for her renowned services,...Published: 28 Oct 2024 at 20:09hrs | 1419 | by Mandla Ndlovu
Zimbabwe farmers push for localisation of tobacco beneficiation
The Tobacco Farmers Union Trust (TFUT) is calling for the localisation of tobacco beneficiation to help mitigate losses caused by adverse weather conditions and soaring production costs in Zimbabwe's ...Published: 28 Oct 2024 at 07:09hrs | 239 | by Staff reporter
US Ambassador agrees that Zimbabwe was under sanctions
In a recently published op-ed, US Ambassador to Zimbabwe, Pamela M. Tremont, provided clarity on the sanctions imposed on Zimbabwe, emphasizing the limited scope and specific targets of these measures...Published: 25 Oct 2024 at 12:54hrs | 601 | by Ambassador Pamela M. Tremont
Chivayo refuses to pay American consultant
Zimbabwean businessman Wicknell Chivayo, known for his extravagant lifestyle and high-profile donations, is currently embroiled in controversy following his refusal to pay US$75,000 to an American con...Published: 19 Oct 2024 at 12:37hrs | 9793 | by Staff reporter
Setback for Ramaphosa as another major retailer in South Africa closes its doors
Jumia Technologies, the Africa-focused e-commerce retailer that operates popular online retailer Zando, says it will be exiting the South African business by the end of the year to sharpen its focus o...Published: 19 Oct 2024 at 12:31hrs | 9582 | 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
Zanu-PF MP lives luxury lifestyle, fails to pay debts
Despite his ongoing development of a US$5 million rural shopping complex at Skuta Business Centre along the Bulawayo-Masvingo highway in Filabusi, Zanu PF Insiza North MP Farai Taruvinga is facing leg...Published: 15 Oct 2024 at 09:18hrs | 2968 | by Staff reporter
Zimbabwe has US billion dollars overseas, can wipe out debt within 24 hrs
The recent Bulawayo24 article tells us that Zimbabwe is cash-strapped: it has a staggering debt of US$ 31billion; both domestic and international. This statement is partly true. In paper, Zimbabwe is ...Published: 13 Oct 2024 at 19:56hrs | 25181 | by Nomazulu Thata
Cars impounded by BCC up for auction in 30 days
Motorists in Bulawayo are grappling with exorbitant storage fees imposed by the city council for impounded vehicles, leading some to confront charges that exceed the value of their cars. Reports indic...Published: 13 Oct 2024 at 12:30hrs | 1817 | by Staff reporter
Zanu-PF leader in fuel tender scam
A Zanu-PF District Coordinating Committee (DCC) member in Zaka is under fire for allegedly failing to deliver 9,000 liters of fuel paid for by the Zaka Rural District Council (RDC) over the past three...Published: 12 Oct 2024 at 16:41hrs | 3277 | by Staff reporter
Generation Z-led initiatives transform Highlanders
In today's rapidly changing world, the importance of youth leadership and the renewal of ideas cannot be overstated, particularly in the realm of sports organisations like Highlanders Football Club....Published: 11 Oct 2024 at 15:54hrs | 140 | by Tinashe Rufu
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
Zanu-PF MP accused of extorting funds from land-seeking citizens
BUHERA North legislator Philip Guyo (Zanu PF) is facing accusations of looting and extorting funds from desperate land-seekers in Chitungwiza to finance his 2023 electoral campaign, according to membe...Published: 08 Oct 2024 at 15:08hrs | 430 | by Gideon Madzikatidze/Simbarashe Sithole
Ingwebu Breweries faces backlash for unpaid transporters as it invests in own trucks
Truck owners contracted by Ingwebu Breweries, a Bulawayo City Council-owned company, have complained of unpaid services. Some truckers claim they are owed thousands of United States dollars.Th...Published: 08 Oct 2024 at 14:02hrs | 993 | by Stephen Jakes
Mutumwa Mawere sentenced to 6 months in SA prison
Zimbabwean-born South African businessman Mutumwa Mawere has been sentenced to six months in prison for contempt of court, following a protracted legal battle involving Southern Asbestos Sales (Pty) L...Published: 05 Oct 2024 at 16:16hrs | 2095 | by Staff reporter
Zimbabwe's Mutapa Fund clinches US$350m power deal
The Mutapa Investment Fund (MIF) has approved a significant joint venture valued at US$350 million between Indian firm Jindal Africa Investments and Zesa to refurbish six units at Hwange Thermal Power...Published: 29 Sep 2024 at 14:25hrs | 3219 | by Staff reporter
Witch hunting is a criminal offence
In Zimbabwe, it is a criminal offense to accuse someone of witchcraft, a law designed to prevent social unrest and violence stemming from such accusations. Individuals found guilty of making these cla...Published: 20 Sep 2024 at 08:19hrs | 766 | 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
Bulawayo schools to apply for loans
Bulawayo City Council has given the green light to a new policy allowing its schools to seek loans for developmental projects, provided they cover 60% of the project costs themselves. This decision ai...Published: 16 Sep 2024 at 08:14hrs | 242 | by Staff reporter
Gweru unleashes debt collectors on defaulters
The Gweru City Council has announced that it will employ debt collectors to pursue ratepayers who have defaulted on their payments for more than two months. In a statement released on September 10, th...Published: 12 Sep 2024 at 07:15hrs | 118 | by Staff reporter
Zimbabwe industries buckle under prohibitive power tariffs
Zimbabwe's industries have been severely affected by a sharp power tariff hike implemented in November, leading to a 15% rise in costs for mines and disrupting various sectors. The 44% tariff ...Published: 06 Sep 2024 at 14:45hrs | 114 | by Staff reporter
South Africa GDP growth is an 'illusion' benefiting the few
The Economic Freedom Fighters (EFF) have dismissed the recent GDP growth figures released by Statistics South Africa (Stats SA) as "misleading", accusing the government and financial institutions of c...Published: 05 Sep 2024 at 09:17hrs | 184 | by Staff reporter
RBZ makes U-turn
The Reserve Bank of Zimbabwe (RBZ) has announced that holders of non-negotiable certificates of deposit (NNCDs) will now receive tradable government bonds. This decision comes in response to pressure ...Published: 03 Sep 2024 at 15:45hrs | 27514 | by Staff reporter
Zimbabwe govt terminates CSC deal
The Zimbabwean government has terminated a US$130 million joint venture (JV) agreement with British investor Boustead Beef, which was intended to revive the Cold Storage Company (CSC). This decision c...Published: 16 Aug 2024 at 13:27hrs | 1867 | by Staff reporter
Tomana loses Supreme Court US$114,000 debt appeal
The late Zimbabwean ambassador Johannes Tomana lost his Supreme Court appeal against Tian Ze Tobacco Company over a debt of US$114,749.80 for farming inputs. Tomana had contested a High Court judgment...Published: 16 Aug 2024 at 08:42hrs | 684 | by Staff reporter
Zimra mulls severe penalty on tax debts
The Zimbabwe Revenue Authority (Zimra) is considering imposing severe tax penalties to compel public and private entities to settle substantial outstanding tax debts. These debts primarily stem from c...Published: 14 Aug 2024 at 08:31hrs | 174 | by Staff reporter
Awareness of responsible gambling in Zimbabwe's community
A gambling boom hit the African market in recent years, and Zimbabw...Published: 12 Aug 2024 at 20:00hrs | 221 | by Staff Reporter
Power challenges delay Go Beer re-opening
Gweru Mayor Martin Chivhoko announced at a recent full council meeting that the servicing of equipment at the city's beer concern, Go Beer, has been completed. However, plans for reopening are hindere...Published: 10 Jul 2024 at 07:49hrs | 5 | by Staff reporter
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
Zimra garnishes Gweru Council accounts
The Zimbabwe Revenue Authority (Zimra) recently garnished Gweru City Council's bank accounts to recover over ZWG3 million in unpaid taxes, affecting the council's financial transactions. Mayor Martin ...Published: 03 Jul 2024 at 10:27hrs | 3 | by Staff reporter
ZINASU wants CVs of recently appointed Judges
The Zimbabwe National Students Union president, Allan Chipoyi, has issued an ultimatum to the Judicial Service Commission, demanding that they provide the CVs and scoresheets of the recently appointed...Published: 27 Jun 2024 at 14:49hrs | 7 | by Staff reporter
Ingwebu seeks bill payment holiday
Ingwebu Breweries, owned by Bulawayo City Council, has requested an exemption from paying its water bill, which has accumulated to over US$400,000. This request was detailed in the latest council minu...Published: 24 Jun 2024 at 06:55hrs | 4 | by Staff reporter
Mutapa portfolio grows to 66 companies
The Mutapa Investment Fund (Mutapa) manages a diverse portfolio of 66 state-owned enterprises (SOEs), their subsidiaries, and state-invested enterprises (SIEs). This portfolio includes entities in var...Published: 16 Jun 2024 at 09:13hrs | 25 | by Staff reporter
BCC writes off 864 bills
The Bulawayo City Council (BCC) has written off bills for over 800 properties, deeming them irrecoverable due to the high cost of recovery relative to the amounts owed. The total amount written off is...Published: 16 Jun 2024 at 09:10hrs | | by Staff reporter
Zupco forced to suspend operation
The Zimbabwe Passenger Company (Zupco) has been forced to suspend operations due to a fuel shortage, despite the country having adequate fuel supplies. This crisis, ongoing for three weeks, is...Published: 04 Jun 2024 at 12:52hrs | 12 | by Staff reporter
Attachment of residents' houses displays CCC's heartless agenda
The decision by the Harare City Council (HCC) to take drastic measures against low-income residents who are struggling to pay their monthly rates by attaching over 50 properties due to non-payment, ha...Published: 04 Jun 2024 at 08:28hrs | 1 | by Tonderai Ndoro
City Council attaches 50 houses
The Harare City Council (HCC) has seized over 50 properties from residents and businesses that have defaulted on paying their monthly rates. More than 4,000 ratepayers with overdue balances exceeding ...Published: 02 Jun 2024 at 09:00hrs | 12 | by Staff reporter
Zimbabwe's ZPC struggles to procure new equipment
Zimbabwe Power Company (ZPC) management highlighted the ongoing challenge of insufficient funds for procuring spare parts and equipment to maintain aging machinery, impacting energy sufficiency. Durin...Published: 30 May 2024 at 08:35hrs | 6 | by Staff reporter
NOIC suffers blow in US$160,000 arbitration award
The High Court has ruled in favor of the contractor in a dispute with the National Oil Infrastructure Company of Zimbabwe (NOIC) overpayment for supplying and installing instrumentation, control, and ...Published: 28 May 2024 at 09:55hrs | 2 | 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
Zimbabwe govt must support ZiG currency through raft of solid measures
THE Reserve Bank of Zimbabwe (RBZ) has been urged to implement a raft of measures, including fiscal discipline, public consultation and policy consistency, if the newly introduced Zimbabwe Gold (ZiG) ...Published: 19 May 2024 at 11:55hrs | 4 | by Staff reporter
ZiG needs to be backed by RBZ discipline
According to the Reserve Bank of Zimbabwe (RBZ), a structured currency is a currency that is pegged to a specific exchange rate or currency basket and backed by a bundle of foreign exchange assets lik...Published: 16 Apr 2024 at 18:04hrs | 2 | by Zimbabwe Coalition on Debt and Development
Half ZiG and coins to start circulating on April 30
The Reserve Bank of Zimbabwe (RBZ) in the 2024 Monetary Policy Statement introduced a new "structured currency" termed ZiG (Zimbabwe Gold) on April 5. A "structured currency" is a currency tha...Published: 07 Apr 2024 at 21:08hrs | 2 | by Staff reporter
Mr Kudzai Mutisi, the German 'Economic wonder' after the WW2 had multiple favourable factors!
I am writing this article as a reply to your article you wrote last week: My article is not in any way or form critiquing your own but including factors that must be known, but, however, adding to wha...Published: 20 Mar 2024 at 20:53hrs | 1 | by Nomazulu Thata
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