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How to build a safety net fund without feeling overwhelmed
In today's unpredictable financial climate, constructing a safety net fund is crucial to maintaining peace of mind. Many people find themselves turning to options like a ...Published: 12 Aug 2025 at 20:53hrs | 184 | by Staff Reporter
Mafume wants human capital director for Harare
HARARE mayor Jacob Mafume has urged council to prioritise the appointment of a substantive human capital director, saying the position is critical to improving the city's administrative efficiency....Published: 11 Aug 2025 at 08:37hrs | 163 | by Staff reporter
US$0.597 billion paid by Zimbabwe Treasury unaccounted for
The latest report from Zimbabwe's Auditor General has exposed serious violations of public finance management laws, revealing that more than US$597 million in Treasury payments remain unaccounted for ...Published: 06 Aug 2025 at 21:21hrs | 165 | by Staff reporter
Mnangagwa's office blows 81% of budget in 6 months
President Emmerson Mnangagwa's Office had already spent 81 percent of its 2025 budget by the halfway mark of the year, while the Ministry of Transport and Infrastructural Development exceeded its full...Published: 05 Aug 2025 at 12:19hrs | 484 | by Staff reporter
Zimbabwe health spending among lowest in region
Zimbabwe is spending just ZiG460 (about US$17) per person on health, with total health expenditure at only 0,5% of GDP in the first half of 2025 - far below regional and international targets - the Co...Published: 04 Aug 2025 at 08:33hrs | 103 | by Staff reporter
Zimbabwe Govt Pension Fund acquires Monomotapa Hotel
Zimbabwe's largest hospitality group, African Sun Limited (ASL), has agreed to sell the historic Monomotapa Crowne Plaza Hotel and its adjacent car park to the Public Service Pension Fund in a deal va...Published: 03 Aug 2025 at 12:18hrs | 464 | by Staff reporter
Economists slam Mthuli Ncube's budget
Economists have sharply criticised Finance Minister Mthuli Ncube's 2025 mid-term budget and economic review, accusing the government of failing to deliver the structural reforms needed to address Zimb...Published: 03 Aug 2025 at 09:59hrs | 253 | by Staff reporter
Funding delays teacher recruitment in Zimbabwe
The government's ambitious plan to recruit 8,000 new teachers to address Zimbabwe's critical teacher-to-student ratio has hit a major snag, with delays in the disbursement of funds from the Treasury s...Published: 02 Aug 2025 at 19:14hrs | 267 | by Staff reporter
Zimbabwe's budget falls short of Abuja health target funding
Zimbabwe's 2025 Mid-Year Budget Review has again revealed the country's continued failure to meet the Abuja Declaration commitment of allocating at least 15% of the national budget to health, despite ...Published: 01 Aug 2025 at 13:42hrs | 203 | by Staff reporter
ZANU-PF promises music after Epworth victory, as commissar loots
HARARE - Several disgruntled ZANU-PF supporters are up in arms with Harare provincial political commissar, Voyage Dambuza whom they are accusing of allegedly looting thousands (US$) meant for Epworth ...Published: 31 Jul 2025 at 21:57hrs | 588 | by Gideon Madzikatidze/Simbarashe Sithole
Mthuli Ncube declares surplus despite only 35% of budget spent
Finance and Economic Development Minister Mthuli Ncube on Thursday declared a budget surplus of ZWG3.3 billion for the first half of 2025, despite revealing that just 35.5% of the approved National Bu...Published: 31 Jul 2025 at 15:46hrs | 266 | by Staff reporter
Dairibord warns of rising costs
Dairibord Holdings Limited, one of Zimbabwe's largest publicly listed milk processors, has sounded the alarm over a tough operating environment that has driven up costs, squeezed margins, and weighed ...Published: 31 Jul 2025 at 12:54hrs | 224 | by Staff reporter
Hwende spurns portfolio committee reassignment
Opposition Citizens Coalition for Change (CCC) legislator Charlton Hwende has rejected his reassignment from the influential Public Accounts Committee to the Portfolio Committee on Energy and Power De...Published: 31 Jul 2025 at 08:15hrs | 149 | by Staff reporter
Biti demands judicial inquiry into Trabablas Interchange project
Former Finance Minister Tendai Biti has called for a forensic audit and the establishment of a judicial commission of inquiry into the staggering US$114 million cost of the newly commissioned Trababla...Published: 30 Jul 2025 at 18:18hrs | 616 | by Staff reporter
Zimbabwe govt risks losing millions in undelivered goods
The Zimbabwean government faces the risk of losing millions of dollars after revelations that several ministries, departments, and agencies (MDAs) have yet to receive vehicles and other assets paid fo...Published: 29 Jul 2025 at 09:04hrs | 655 | by Staff reporter
Zimsec amendment bill, 2025 falls short of expectations
THE Zimbabwe School Examinations Council Amendment Bill, 2025, which seeks to amend the existing ZIMSEC Act [Chapter 25:18], fails to tackle the legislative gaps arising from changes and needs in the ...Published: 27 Jul 2025 at 20:57hrs | 97 | by Obert Masaraure
Zimbabwe civil servants fume over unpaid 2023 allowances
Civil servants engaged in the 2023 mobile registration exercise are expressing mounting frustration over unpaid allowances owed by the Civil Registry Department. Despite completing the program two yea...Published: 27 Jul 2025 at 11:16hrs | 118 | by Staff reporter
AG exposes massive financial mismanagement
A damning report by Acting Auditor-General Rhea Kujinga, tabled in Parliament this week, has uncovered widespread financial mismanagement, weak internal controls, and systemic accounting failures ...Published: 25 Jul 2025 at 09:24hrs | 228 | by Staff reporter
IMF sees signs of recovery in Zimbabwe
Zimbabwe is showing early signs of economic recovery and macroeconomic stabilization, buoyed by recent policy reforms and improved fiscal management, according to the International Monetary Fund (IMF)...Published: 24 Jul 2025 at 16:53hrs | 820 | by Staff reporter
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 | 123 | 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 | 166 | 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 | 439 | 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 | 313 | 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 | 201 | 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 | 214 | 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 | 1707 | 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 | 113 | 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 | 531 | 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 | 175 | 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 | 204 | 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 | 1732 | 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 | 143 | 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 | 153 | 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 | 44 | 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 | 799 | 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 | 440 | 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 | 1864 | by Staff reporter
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