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Zimbabwe civil servants falling prey to loan sharks

Thousands of Zimbabwean civil servants are falling prey to loan sharks, with some operating through the Salary Service Bureau (SSB) to directly access workers' salaries. A recent survey by Business Times revealed that many civil servants a…

Published: 04 Sep 2025 at 08:31hrs | 573 | by Staff reporter

Mnangagwa dangles US$2 billion loan facility

President Emmerson Mnangagwa has unveiled a US$1.98 billion loan facility to be rolled out over the next decade to help farmers boost productivity and withstand the impacts of climate change through an irrigation-focused package.The facili…

Published: 26 Aug 2025 at 07:49hrs | 471 | by Staff reporter

Ramaphosa gets a R26.5bn World Bank loan

The World Bank has approved a $1.5 billion (approximately R26.5 billion) loan to support structural reforms aimed at boosting South Africa's infrastructure.The Washington-based lender said in a statement the operation will address the nati…

Published: 10 Jun 2025 at 10:14hrs | 869 | by Staff reporter

Botswana gets $304 million AfDB loan

The African Development Bank (AfDB) has approved a $304 million loan to Botswana as the country grapples with rising fiscal pressures and seeks to implement crucial governance and economic reforms. The loan, which was approved by the AfDB'…

Published: 16 May 2025 at 17:29hrs | 462 | by Staff reporter

George Guvamatanga gave company 'illegal' bank guarantee on $20 million loan

Treasury secretary George Guvamatanga has been accused of providing an "illegal and unconstitutional" bank guarantee for a US$20 million loan to a seed company linked to command agriculture corruption.Guvamatanga, in a letter to Ecobank, s…

Published: 17 Apr 2025 at 20:32hrs | 6606 | by Staff reporter

CCC councillors demand US$4,000 vehicle loan

BULAWAYO City Councillors have controversially resolved to receive US$4,000 each in personal loan facilities for the purchase of vehicles - a move that defies a Government directive and comes at a time when the local authority is grappling…

Published: 06 Apr 2025 at 11:28hrs | 699 | by Staff reporter

Bulawayo City Council installs new elevators at Tower Block

The Bulawayo City Council has invested US$778 260 in installing new elevators at the Tower Block Municipal Building, with further plans to rehabilitate other key city assets, including the City Hall Clock. The six new elevators were commis…

Published: 03 Mar 2025 at 12:32hrs | 485 | by Staff reporter

Bulawayo roads crumble

BULAWAYO'S road network is crumbling under the strain of heavy rains, deepening potholes and forcing commuter omnibus operators to avoid smaller roads in both western and eastern suburbs.The worsening road conditions have disrupted public …

Published: 03 Mar 2025 at 12:32hrs | 317 | by Staff reporter

Zimbabwe secures US$20 million to construct 120 schools

The Ministry of Primary and Secondary Education has secured US$20 million from international partners, with additional funding from the Treasury, as the Government aims to construct 120 new schools and 300 classrooms this year to address t…

Published: 03 Mar 2025 at 12:32hrs | | by Staff reporter

Mutapa Fund facilitates US$431m loan for NRZ

The Mutapa Investment Fund (MIF) is facilitating a US$431 million loan from Afreximbank to support the National Railways of Zimbabwe (NRZ) in its infrastructural rehabilitation efforts. This development was confirmed by MIF CEO John Mangud…

Published: 17 Jun 2024 at 09:00hrs | 7 | by Staff reporter

US$115m loan for NRZ imminent

The National Railways of Zimbabwe is on the verge of finalizing a loan agreement of US$115 million with the African Export-Import Bank (Afreximbank). Out of this amount, $81 million will be allocated to the procurement of rolling stock fro…

Published: 29 Oct 2023 at 12:25hrs | 6 | by Staff reporter

'US$400m facility won't stabilise Zimbabwe economy'

OLD Mutual Investment Group (OMIG) says the US$400 million funding secured by the government from the African Export-Import Bank (Afreximbank) is insufficient to restore stability to the local currency.Last month, Reserve Bank of Zimbabwe …

Published: 19 Jul 2023 at 06:43hrs | 3 | by Staff reporter

Smallholder farmers to benefit from US$15 million loan

SMALLHOLDER farmers will soon benefit from a US$15 million loan obtained by the Government from the OPEC Fund for International Development.Finance and Economic Development Minister Professor Mthuli Ncube last week gazetted the loan agreem…

Published: 12 Dec 2022 at 01:02hrs | 192 | by Staff Reporter

Chamisa to recall rebellious MPs over the $40,000 loans?

CITIZENS Coalition for Change (CCC) leader Nelson Chamisa has said that his party's lawmakers who accepted the US$40 000 loan facilities from parliament crossed the line and will be punished.Parliament offered US$40 000 housing loan to eac…

Published: 06 Dec 2022 at 06:58hrs | 1 | by Staff reporter

Steer clear of loan sharks

"Sir, if those assets just decrease by 25% and they remain on our books, that loss will be greater than the entire market capitalisation of this company," said a young risk analyst named Peter Sullivan (Zachary Quinto) in a 2011 American d…

Published: 15 Jan 2021 at 07:48hrs | 10 | by Batanai Matsika

Mourners fight over deceased loan sharks' loot

THE FUNERAL gathering for a Gwanda couple suspected to have been among the 30 people that perished at the West Nicholson bus accident has been turned into a war zone as two families fight over a trunk known to have cash in most instances a…

Published: 01 Dec 2018 at 14:26hrs | 2 | by Staf reporter

Biti is offside on the British loan to Zim businesses

The opposition politicians must know what to oppose and what to support unless if they want to lose respect in the eyes of the citizens.The Tendai Biti attack on the $100M private sector loan to Zimbabwe by Britain's CDC and Standard Chart…

Published: 18 May 2018 at 11:00hrs | | by Hopewell Chin'ono

Learn-now-pay-later unsustainable

As Zimbabwe is highly respected for valuing education as a fundamental right for every child, the policy compelling schools to accept children without paying fees has left most institutions teetering on the brink of collapse.While the Gove…

Published: 20 Jun 2011 at 13:08hrs | 2 | by Daniel Nemukuyu

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The power struggle that could break Zanu-PF

Chiwenga's ally mobilises protests to oust Mnangagwa

Zimbabwe pastor jailed 18 years for sodomy

Zimbabwe scraps drug fines, introduces jail terms

Survivors recount Delta Bus robbery horror

Russia backs Zimbabwe's bid to join BRICS

Marondera council blames NRZ

Blessed Geza and his ZANU-PF Presidential candidate hiding from the ballot box?

A coup in South Africa if Ramaphosa fires General Nhlanhla Mkwanazi

Geza renews calls for mass action

'Mugabe, Mnangagwa connived to marginalise Matabeleland,' ZANU-PF leadership admits

RBZ reviews costs to promote ZiG use

Bulawayo lesbian dies after brutal mob attack

Harare gardens face partial privatisation

Zimbabwe gold mafia scandal case 'could collapse SA banks'

Mwonzora faces arrest

Beer hall brawl lands two in prison for assault

Man nabbed for stealing 20kg of gold ore from Miners4ED site

'Movie-style' arrest ends Chitungwiza reign of terror

Odzani Falls Power Station 90% complete

Chamber of Mines urges training of artisanal miners

First Lady commends Measles-Rubella Vaccination Campaign

Fake online medicines poisoning Zimbabweans

Mnangagwa gazettes Zimbabwe-Switzerland taxation agreement

Ministry officer held at gunpoint in Gwanda, GD6 stolen

Zimbabwe rolls out drug test kits to police posts

Bulawayo Polytechnic faces backlash over eviction notices at Rio Tinto flats

Zabanyana dismissal signals sscalation in ZANU PF succession strife

Zanu-PF has become a political ecosystem, says commentator

Businessman exposes fake witch hunters on CCtv

Bulawayo lesbian dies after brutal mob attack

Zimbabwe gold mafia scandal case 'could collapse SA banks'

Mnangagwa removes another key ally of Chiwenga

Geza renews calls for mass action

Blessed Geza and his ZANU-PF Presidential candidate hiding from the ballot box?

'Movie-style' arrest ends Chitungwiza reign of terror

Chinese shoots dead Zimbabwean employee over salary

A coup in South Africa if Ramaphosa fires General Nhlanhla Mkwanazi

'Mugabe, Mnangagwa connived to marginalise Matabeleland,' ZANU-PF leadership admits

'Some very strange things are happening in China!'

News Team

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