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EUZ president in soup over missing funds
The president of the Educators Union of Zimbabwe (EUZ), Tafadzwa Munodawafa, has been reported to the Zimbabwe Anti-Corruption Commission (ZACC) amid allegations of embezzlement involving missing teac...Published: 21 Jul 2025 at 12:17hrs | 97 | by Staff reporter
Mudenda calls for pro-poor budgeting to promote equity
Speaker of Parliament Jacob Mudenda has challenged legislators to ensure that public resources are equitably channelled towards programmes aimed at improving the livelihoods of citizens, emphasising t...Published: 14 Jul 2025 at 15:57hrs | 165 | 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
Trabablas Interchange cost US$114.3 million, not US$88m
Finance Minister Mthuli Ncube has revealed that the cost of the recently completed Trabablas Interchange in Harare was significantly higher than previously reported, confirming the total expenditure a...Published: 10 Jul 2025 at 12:40hrs | 434 | 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 | 311 | by Staff reporter
Zimbabwean consumers failing to secure loans from banks
Zimbabwean consumers are facing increasing difficulties in accessing loans from traditional banking institutions due to low wages and the escalating cost of living, according to the IH Zimbabwe Consum...Published: 08 Jul 2025 at 12:10hrs | 199 | 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 | 205 | 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 | 1608 | by Staff reporter
Councilors in near fist fight over international trips
A tense Masvingo City Council meeting held on June 27 nearly turned violent as councilors clashed over a proposed international trip to Zambia and the licensing of a new liquor operator in Hills...Published: 05 Jul 2025 at 10:26hrs | 238 | 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
Gayton McKenzie's missing R146 million
Millions meant to support artists, athletes, and others within the purview of the Department of Sport, Arts and Culture (DSAC) during the Covid-19 pandemic cannot be accounted for.On 25 March ...Published: 03 Jul 2025 at 19:25hrs | 1308 | by Staff reporter
Zimbabwe crime wave increases 33,7% in Q1
More than 310,800 criminal cases were reported across Zimbabwe between January and March 2025, marking a sharp 33.7% increase compared to the 232,593 cases recorded in the last quarter of 2024, accord...Published: 03 Jul 2025 at 12:40hrs | 160 | 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
South Africa urged to deport foreign convicts
South Africa's Correctional Services Minister Pieter Groenewald has proposed the deportation of foreign nationals serving prison terms, arguing that the move would drastically cut the R11 million spen...Published: 03 Jul 2025 at 11:44hrs | 298 | by Staff reporter
AfDB flags Zimbabwe's annual financing gap
Zimbabwe will require more than US$3.7 billion annually to meet its Sustainable Development Goals (SDGs) by 2030, according to a new economic outlook report released by the African Development Bank (A...Published: 03 Jul 2025 at 09:25hrs | 112 | 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 | 501 | 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
ZB Bank secures US$5 million Afreximbank facility
ZB Bank Limited has secured a US$5 million loan facility from the African Export-Import Bank (Afreximbank), aimed at supporting small and medium enterprises (SMEs) in Zimbabwe, particularly those enga...Published: 30 Jun 2025 at 13:07hrs | 126 | by Staff reporter
ZERA defends US$191,000 IT equipment purchase
Postal, courier volumes decline 4%MidweekThe Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has released its abridged sector performance report for the first quarter o...Published: 29 Jun 2025 at 18:57hrs | 161 | by Staff reporter
ZERA defends US$191,000 IT equipment purchase
The Zimbabwe Energy Regulatory Authority (ZERA) has issued a statement defending its recent US$191,679.50 procurement of laptops and desktop computers, following growing public interest and criticism ...Published: 29 Jun 2025 at 18:56hrs | 203 | by Staff reporter
Zimbabwe Parliament demands removal of punitive taxes
Parliament has sharply escalated pressure on Treasury to urgently scrap punitive taxes, including the highly contentious 2% Intermediated Money Transfer Tax (IMTT), by August 31, 2025, in a bid to hal...Published: 26 Jun 2025 at 11:25hrs | 1725 | by Staff reporter
Panic grips Harare City Council bosses
Panic has swept through Harare City Council as senior executives scramble to safeguard their positions following the release of a scathing commission of inquiry report into the municipality's operatio...Published: 26 Jun 2025 at 09:20hrs | 425 | 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 | 141 | by Staff reporter
Zimbabwe's mobile network operators hit by currency woes
Zimbabwe's mobile network operators (MNOs) are reeling from a sharp decline in profitability, with spiralling costs and exchange rate volatility emerging as key culprits, according to a new industry r...Published: 22 Jun 2025 at 09:07hrs | 116 | by Staff reporter
Zimbabwe ministers, top officials loot broke parastatals
Senior government officials, including cabinet ministers, permanent secretaries, and directors, are siphoning millions of dollars from state-owned enterprises to finance extravagant lifestyles, in a g...Published: 20 Jun 2025 at 17:28hrs | 152 | by Staff reporter
Small town councillors plan US$50,000 South Korea trip
Residents of Chiredzi and disgruntled council workers have voiced strong opposition to a planned overseas trip by the town council chairperson and two junior councillors to South Korea next month. The...Published: 16 Jun 2025 at 14:35hrs | 42 | by Staff reporter
Chivayo donates US$250,000 to Highlanders FC
Prominent tenderprenuer Wicknell Chivayo has made headlines with a major donation of US$250,000 to Highlanders Football Club (Bosso), the oldest and one of the most culturally significant football tea...Published: 11 Jun 2025 at 09:49hrs | 2128 | by Staff reporter
Mnangagwa meets IMF delegation amid worsening economic crisis
President Emmerson Mnangagwa yesterday held a high-level meeting with an International Monetary Fund (IMF) delegation currently in Zimbabwe for an Article IV Consultation, as the country grapples with...Published: 10 Jun 2025 at 10:10hrs | 978 | by Staff reporter
Econet completes network upgrade
Econet Wireless Zimbabwe has successfully completed its comprehensive network infrastructure modernisation programme, positioning the telecoms giant for a new era of digital innovation and growth. The...Published: 04 Jun 2025 at 09:45hrs | 782 | by Staff reporter
Manager up for stealing employer's cash
A 42-year-old manager at Lingwale Enterprises in Plumtree, Sipho Ndlovu, has been arrested and dragged before the courts for allegedly embezzling over R621,000 from his employer in a sophisticated sch...Published: 03 Jun 2025 at 10:10hrs | 438 | by Staff reporter
Trabablas immortalised?
Yesterday, President Emmerson Mnangagwa officially inaugurated the Trabablas Interchange, a flagship US$88 million infrastructure project designed to transform north-south traffic flow in Harare by re...Published: 31 May 2025 at 14:05hrs | 1863 | by Staff reporter
Dembare splashed US$126,000 on Sangomas without paying players
Zimbabwean football giants Dynamos have been slapped with a FIFA-imposed transfer ban after failing to pay outstanding dues to two Ghanaian players — despite reportedly spending a staggering US$126,...Published: 31 May 2025 at 13:47hrs | 283 | by Staff reporter
Afreximbank pegs Zimbabwe growth at 3,8%
The African Export–Import Bank (Afreximbank) has downgraded Zimbabwe's economic growth forecast for 2025 to 3.8%, considerably lower than the optimistic 6% growth target set by the government and Br...Published: 26 May 2025 at 08:32hrs | 193 | by Staff reporter
Treasury posts ZiG3,46bn surplus in first 4 months
The Treasury has recorded a surplus of ZiG3.46 billion during the first four months of the 2025 fiscal year, driven by disciplined cost containment and punctual debt servicing.While this surpl...Published: 19 May 2025 at 09:27hrs | 207 | by Staff reporter
Zimbabwe, IMF talks underway
Zimbabwe has entered into preliminary discussions with the International Monetary Fund (IMF) for a new Staff-Monitored Programme (SMP), marking a significant step toward restoring the country's econom...Published: 18 May 2025 at 11:51hrs | 166 | by Staff reporter
Is the Trabablas Interchange a monument to Zimbabwe's misplaced priorities and corruption?
Is Zimbabwe's so-called ‘spaghetti road' just another highway to corruption?The recent announcement by Zimbabwe's Ministry of Transport that the long-awaited Mbudzi Interchange - now curious...Published: 15 May 2025 at 08:08hrs | 389 | by Tendai Ruben Mbofana
Treasury surpasses Q1 tax revenue target
Zimbabwe has exceeded its tax revenue collection target for the first quarter of 2025, with the Zimbabwe Revenue Authority (ZIMRA) collecting US$1.5 billion, marking a significant milestone in the gov...Published: 13 May 2025 at 10:02hrs | 118 | by Staff reporter
Residents slam municipality over luxury vehicle purchases
Residents of Gwanda have voiced strong objections to the Municipality's recent move to procure top-of-the-range vehicles for senior management, describing the decision as a stark example of misplaced ...Published: 11 May 2025 at 12:31hrs | 301 | by Staff reporter
Parliament asked to investigate Chivayo
A Kwekwe resident, Emmanuel Nkosilathi Moyo, has written to the Speaker of Parliament, Jacob Mudenda, urging the legislature to launch an investigation into allegations of money laundering and corrupt...Published: 07 May 2025 at 16:29hrs | 3781 | by Staff reporter
Residents oppose Gwanda council vehicle tender
The Gwanda Progressive Residents Association (GPRA) has raised concerns over Gwanda Municipality's decision to initiate a tender process for the purchase of six new vehicles, arguing that such spendin...Published: 07 May 2025 at 09:38hrs | 329 | by Staff reporter
Monomotapa Hotel to be offloaded for US$15 million
African Sun Limited (ASL), Zimbabwe's leading hospitality group, has announced June 30, 2025, as the target date for concluding the sale of the iconic Monomotapa Hotel, which is estimated to be worth ...Published: 05 May 2025 at 15:48hrs | 382 | by Staff reporter
South Africa reverses VAT increase that threatened ANC-DA coalition
Enoch Godongwana's decision came after the second-biggest party, the Democratic Alliance (DA), threatened to quit the government, warning a VAT hike would hurt the poor the most.Godongwana, a ...Published: 25 Apr 2025 at 07:42hrs | 453 | by Staff reporter
Caledonia Mine sets new gold production record
Caledonia Mining Corporation Plc, a Jersey-domiciled miner focused on Zimbabwe's gold sector, has reported a near 10% increase in gold production for the first quarter of 2025, with a total of 18,671 ...Published: 16 Apr 2025 at 23:24hrs | 139 | by Staff reporter
Rampant corruption, nepotism hit Catholic school...headmistress embezzle funds
Parents are up in arms with Ekusileni Secondary School headmistress in Filabusi, with some threatening to withdraw and transfer learners from the Catholic-run mixed (boarders and day learners) institu...Published: 16 Apr 2025 at 10:36hrs | 3805 | by Gideon Madzikatidze recently in Filabusi
Zimbabwe steel production cuts import reliance
A monumental step forward for Zimbabwe's import substitution strategy has been achieved with the commencement of extensive finished steel production at the Dinson Iron and Steel Company (Disco) plant ...Published: 15 Apr 2025 at 08:43hrs | 1046 | by Staff reporter
Zimpapers faces US$13 million scandal amid Audit revelations
A shocking internal audit at Zimbabwe Newspapers (1980) Ltd (Zimpapers), the country's largest and oldest media conglomerate, has uncovered a potential US$13 million misappropriation of funds, raising...Published: 14 Apr 2025 at 12:57hrs | 1916 | by Staff reporter
Nust embarks on high impact projects
The National University of Science and Technology (Nust) has announced plans to launch three major high-impact projects as part of its strategy to achieve self-sustainability, fully utilize human reso...Published: 13 Apr 2025 at 09:39hrs | 141 | by Staff reporter
BCC sinks US$600,000 on 4 refuse compactors
Bulawayo City Council (BCC) has invested over US$600,000 in the acquisition of four new refuse compactors to strengthen its refuse collection capacity and improve service delivery throughout the city....Published: 03 Apr 2025 at 08:18hrs | 1410 | by Staff reporter
Zimra targets US$7.155 billion in 2025 revenue collection drive
The Zimbabwe Revenue Authority (ZIMRA) has set an ambitious target to collect US$7.155 billion in tax revenue for 2025, reflecting a 17 percent increase from the 2024 target.ZIMRA, the governm...Published: 03 Apr 2025 at 08:05hrs | 86 | by Staff reported
Dairibord to start toll production in SA
Dairibord Holdings is set to expand its operations in the region to drive export growth, with South Africa as the immediate destination for a planned toll manufacturing project. The initiative is expe...Published: 02 Apr 2025 at 08:48hrs | 132 | by Staff reporter
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