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ASIF endorses Mutapa Investment Fund

The African Sovereign Investors Forum (ASIF) has formally welcomed the Mutapa Investment Fund (MIF) as its newest member, marking a significant milestone for Zimbabwe's sovereign wealth fund.Formerly known as the Sovereign Wealth Fund of Z…

Published: 23 Aug 2025 at 14:58hrs | 161 | 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 valued at US$18 million. The transaction,…

Published: 03 Aug 2025 at 12:18hrs | 1 | by Staff reporter

Zimbabwe will not fund medical treatment in South Africa

Justice Minister Ziyambi Ziyambi has ruled out any possibility of government assistance for Zimbabwean citizens seeking medical care in South Africa, citing resource constraints and the need to prioritise domestic healthcare services.Speak…

Published: 23 Jul 2025 at 15:40hrs | 1221 | by Staff reporter

Zimbabwe cannot fund large-scale projects without monetary autonomy

Zimbabwe's economic debate is often framed through the lens of inflation control, exchange rate stability, and the day-to-day functionality of the US dollar in domestic transactions.Yet, beneath the surface of this apparent "fake stability…

Published: 01 Jul 2025 at 12:05hrs | 198 | by Brighton Musonza

Zimbabwe to benefit from Abu Dhabi's $500m maternal health fund

A $500-million fund aimed at improving maternal and neonatal health in sub-Saharan Africa was launched Tuesday in Abu Dhabi at a time when Western countries are sharply cutting aid to Africa.The Beginnings Fund brings together philanthropi…

Published: 30 Apr 2025 at 07:16hrs | 448 | by Staff reporter

Thousands left out of the Presidential War Veterans Fund

Approximately 4,000 war veterans in Masvingo Province were recently awarded a mere US$150,000 from the US$1.5 million Presidential War Veterans Fund, a move that has been sharply criticized as insufficient and politically motivated.On Febr…

Published: 08 Feb 2025 at 13:46hrs | 2040 | by Staff reporter

SADC advances plans to operationalise regional development fund

The Southern African Development Community (SADC) is making significant strides towards operationalising its Regional Development Fund (RDF), a financing mechanism aimed at fostering sustained economic growth and development across the reg…

Published: 21 Dec 2024 at 08:11hrs | 94 | by Staff reporter

Minister seeks Parly support for road accident fund

Transport and Infrastructural Development Minister Felix Mhona addressed the National Assembly, urging Parliament to endorse a road accident fund aimed at compensating individuals involved in road accidents across Zimbabwe. He emphasized t…

Published: 03 Jul 2024 at 10:29hrs | 5 | by Staff reporter

Mbudzi interchange fund looted

Several directors at the Ministry of Transport have been quizzed by anti-graft investigators after whistle blowers leaked explosive details linking them to the pillage of a fund meant to compensate owners of companies and houses affected b…

Published: 14 Jan 2024 at 20:50hrs | 22 | by Staff reporter

Mnangagwa's Mutapa Fund likely to create oligarchs

FEARS abound that President Emmerson Mnangagwa's self-serving Mutapa Investment Fund project has hallmarks of how Russian state assets were sold for a song or brazenly stolen during its transition from socialism to capitalism.Russian oliga…

Published: 09 Oct 2023 at 13:50hrs | | by Staff reporter

Mnangagwa's 'amendment' 'legalises' looting on a grand scale

CCC Member of Parliament, Fadzayi Mahere, has accused President Emmerson Mnangagwa of attempting to plunder public funds without restrictions through his recent amendment of the Sovereign Wealth Fund of Zimbabwe Act. Mahere criticized the …

Published: 22 Sep 2023 at 06:28hrs | 1 | by Staff reporter

Mnangagwa pledges to fund innovations

PRESIDENT Emmerson Mnangagwa has pledged to fund citizens keen on coming up with new inventions and innovations following the launch of Zimbabwe's first satellite (ZimSat-1) from NASA's Wallops Flight Facility in Virginia, United States, l…

Published: 15 Nov 2022 at 04:53hrs | 3 | by Staff reporter

Adequately fund health sector: MPs

LEGISLATORS have called on Treasury to adequately fund the health sector which has for decades been heavily dependent on development partners.This comes after Finance minister Mthuli Ncube (pictured) presented a ZW$927 billion budget for t…

Published: 12 Dec 2021 at 20:18hrs | 9 | by Staff reporter

Govt seeks $35.7 million from Kuwait Fund

The government is negotiating with the Kuwait Fund for Arab Economic Development for $35,7 million for the Zhove irrigation project in Beitbridge. The project will develop infrastructure for intensive citrus production on 2 520 hectares of…

Published: 14 Nov 2016 at 07:04hrs | | by Staff reporter

Vultures encircle pension fund

AN attempt by Finance Minister Mr Tendai Biti to "advise" the National Social Security Authority (NSSA) to bail out a technically insolvent bank has stirred a storm.Is the Finance Minister playing "Greedy Minister" by deliberately targetin…

Published: 12 Jun 2011 at 09:52hrs | | by Kuda Bwititi

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