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Treasury cracks down on budget overruns

The Treasury has moved to clamp down on unplanned spending across ministries, departments, and agencies (MDAs) following persistent budget overruns and opaque expenditure that have forced the government into increased borrowing, raising al…

Published: 11 Sep 2025 at 13:29hrs | | by Staff reporter

Registry splurges on chefs' cars

Workers at the Department of Civil Registry have expressed anger after learning that the Registrar-General reportedly sought Treasury approval to divert funds originally allocated for their allowances to cover procurement of vehicles and o…

Published: 11 Sep 2025 at 09:52hrs | | by Staff reporter

Zimbabwe slashes business fees

The Government of Zimbabwe has announced sweeping reforms to ease the cost of doing business in the livestock, dairy farming, and stockfeed sectors, in a move expected to boost investment, production, and competitiveness in agriculture.The…

Published: 11 Sep 2025 at 09:50hrs | | by Staff reporter

Zimbabwe to cap civil service wage bill

Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube has unveiled plans to cap civil service expenditure at 50% of the national budget, aiming to rein in rising wage costs amid a shrinking tax base and det…

Published: 21 Aug 2025 at 12:35hrs | 1462 | by Staff reporter

Parliament to debate Mid-Term Budget Review statement

The debate on the Mid-Term Budget Review presented by Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, is expected to commence today as Parliament resumes sitting following the Heroes Day and Defence…

Published: 19 Aug 2025 at 19:07hrs | | by Staff reporter

Mthuli Ncube warns Ministries over 'procurement chaos'

Finance Minister Professor Mthuli Ncube has issued a stern warning to government ministries over unchecked procurement practices, describing over-contracting as a "bleeding wound" on the Treasury that threatens Zimbabwe's fragile fiscal di…

Published: 14 Aug 2025 at 15:25hrs | | by Staff reporter

Zimbabwe repays US$176 million in external debt

The Zimbabwean government has made notable progress in repaying its external debt, with a total of US$176.28 million paid during the first six months of 2025, according to data released by the Ministry of Finance and Economic Development.T…

Published: 10 Aug 2025 at 12:12hrs | | by Staff reporter

Zimbabwe revises upwards agric sector growth to 21.1%

The government has sharply revised upwards its projected growth for the agricultural sector to 21.1% in 2025, up from an earlier forecast of 12.8%, largely due to the positive impact of the La NiÃ±a weather phenomenon, Finance Minister Mth…

Published: 07 Aug 2025 at 08:58hrs | | by Staff reporter

FBC sees cautious recovery in Zimbabwe

Financial services firm FBC Securities says Zimbabwe's 2025 Mid-Year Budget and Economic Review points to a cautiously optimistic recovery trajectory, although tight fiscal and monetary conditions could slow domestic demand and private sec…

Published: 05 Aug 2025 at 14:38hrs | 234 | by Staff reporter

Zimbabwe raises US$25.4 million from sugar tax

Zimbabwe has raised ZiG685.8 million, equivalent to approximately US$25.4 million, from the sugar content tax between January and May 2025, with the funds earmarked for the procurement of critical cancer treatment equipment and medication.…

Published: 03 Aug 2025 at 18:56hrs | 191 | 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 Zimbabwe's persistent economic challenges. …

Published: 03 Aug 2025 at 09:59hrs | 255 | by Staff reporter

Mthuli Ncube admits economy chaos

The government has admitted that companies in Zimbabwe often make more money operating outside the law than when complying with regulations, in a rare acknowledgement of a system that punishes honesty and rewards evasion. The disclosure co…

Published: 01 Aug 2025 at 09:12hrs | 632 | by Staff reporter

Mthuli Ncube commits to easing business costs

Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, delivered the 2025 Mid Term Budget Review Statement on Thursday, affirming Zimbabwe's economic recovery while unveiling measures to ease the cost o…

Published: 01 Aug 2025 at 08:43hrs | | by Staff reporter

Zimbabwe govt mulls fresh taxes

Finance Minister Mthuli Ncube yesterday unveiled plans to impose new taxes, despite growing resistance from businesses and taxpayers who argue that Zimbabwe's current tax burden is already suffocating the formal economy.The announcement co…

Published: 01 Aug 2025 at 08:02hrs | 384 | by Staff reporter

Cash flow constraints hamper devolution funding

Finance Minister Professor Mthuli Ncube has attributed the government's failure to meet the constitutionally mandated five percent allocation of national revenue towards devolution to cash flow constraints, erratic revenue inflows, and poo…

Published: 29 Jul 2025 at 18:29hrs | | by Staff reporter

Mthuli Ncube promises major cuts within 2 weeks

Finance and Economic Development Minister Professor Mthuli Ncube has pledged sweeping policy reforms within the next two weeks aimed at boosting the viability of small-scale businesses across Zimbabwe.Speaking at an investment conference h…

Published: 27 Jul 2025 at 20:59hrs | 1487 | 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 of funding amid reports that the project…

Published: 13 Jul 2025 at 11:13hrs | 42 | 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 amounted to US$114.3 million - a US$26.3…

Published: 10 Jul 2025 at 12:40hrs | | by Staff reporter

Invictus Energy to get National Project Status

The Zimbabwean government has taken a significant step toward advancing the country's first major oil and gas development after issuing an updated draft of the Petroleum Production Sharing Agreement (PPSA) and confirming its intention to g…

Published: 28 Jun 2025 at 18:46hrs | | 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 halt the worsening crisis engulfing Zimbab…

Published: 26 Jun 2025 at 11:25hrs | | by Staff reporter

Mthuli Ncube under pressure to ease tax burden

Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube is facing mounting pressure from business leaders and economists to overhaul Zimbabwe's tax regime, with demands for cuts in taxes and reductions in the…

Published: 19 Jun 2025 at 11:24hrs | | by Staff reporter

Zimbabwe to conduct nationwide assessment of illegal settlements

The Zimbabwean government has announced plans to undertake a comprehensive assessment of illegal settlements across the country, with the goal of regularising some areas in alignment with national housing strategies and international urban…

Published: 31 May 2025 at 14:02hrs | 2 | by Staff reporter

Cement importer takes Mthuli Ncube to court

Leading cement importer Augutich Investments (PVT) LTD has taken Finance Minister Mthuli Ncube to the High Court, accusing him of unlawfully imposing a 30% surtax on cement imports covered under the Common Market for Eastern and Southern A…

Published: 31 May 2025 at 14:01hrs | | by Staff reporter

Deputy Minister of Health offside

Zimbabwe's Deputy Minister of Health Sleiman Timios Kwidini, a former nurse, told Parliament recently that Zimbabwean people utilising public hospitals are extremely satisfied with the treatment they receive. This is unquestionably an assa…

Published: 12 May 2025 at 19:28hrs | 590 | by Leonard Koni

Mthuli Ncube unveils industrial development facilities

Zimbabwe's Finance Minister, Mthuli Ncube, has outlined a comprehensive strategy aimed at supporting the growth of micro, small, and medium-sized enterprises (MSMEs) in the country. The initiative, which seeks to drive these enterprises to…

Published: 24 Apr 2025 at 21:17hrs | 291 | by Staff reporter

Zimbabwe lifts exchange rate controls

Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability and efforts to harmonise formal and info…

Published: 17 Apr 2025 at 07:36hrs | | by Staff reporter

Zimbabwe extends duty-free import window for bus operators

The Government has extended the duty-free bus import facility to April 30, 2025, in a move aimed at further revitalising Zimbabwe's public transport system and ensuring affordable, reliable services for the commuting public.The duty-free w…

Published: 17 Apr 2025 at 07:31hrs | | by Staff reporter

Zimbabwe white former farmers start receiving compensation

The Government of Zimbabwe has begun compensating white former commercial farmers whose land was repossessed during the Land Reform Programme, marking a pivotal step in the country's efforts to resolve a decades-old issue and accelerate it…

Published: 10 Apr 2025 at 09:01hrs | 95 | by Staff reporter

Zimbabwe lines up seven sponsors to clear arrears

Zimbabwe is actively negotiating with seven potential sponsors, including individual countries, multilateral financial institutions, and private financiers, to secure the necessary funding, guarantees, and technical support to clear its ex…

Published: 23 Mar 2025 at 08:13hrs | | by Staff reporter

Zimbabwe among Africa's fastest-growing economies in 2025

Zimbabwe is expected to be one of Africa's fastest-growing economies this year, with the African Development Bank (AfDB) forecasting a 5.3 percent growth rate.This strong projection is slightly below the 6 percent estimated by Finance, Eco…

Published: 26 Feb 2025 at 07:42hrs | 381 | by Staff reporter

Festive Crackdown or Festive Crisis? How Mthuli Ncube's Policies Punish the Poor

The Zimbabwean government, under the stewardship of Finance Minister Mthuli Ncube, has launched a door-to-door crackdown to confiscate smuggled goods. This initiative, introduced during the festive season, is being touted as a measure to p…

Published: 20 Dec 2024 at 10:09hrs | | by Kindred Sibanda

MPs back Mthuli Ncube's sports betting tax proposal

Parliamentarians have approved Finance Minister Mthuli Ncube's proposal to introduce a 10% tax on gross winnings from sports betting, marking a significant step in the growing Zimbabwean sports betting industry. The proposal, part of Ncube…

Published: 14 Dec 2024 at 10:46hrs | | by Staff reporter

Mthuli Ncube willing to review tax proposals

The Zimbabwean Treasury may revise certain tax measures outlined in the 2025 National Budget following concerns raised by business leaders, economists, and other stakeholders. Finance, Economic Development and Investment Promotion Minister…

Published: 11 Dec 2024 at 06:30hrs | 449 | by Staff reporter

Doctors demand transparency from Mthuli Ncube on sugar tax revenue

The Zimbabwe Association of Doctors for Human Rights (ZADHR) has called on Finance Minister Mthuli Ncube to provide detailed accounts of the government's sugar tax revenue and its utilization.In a letter dated November 21, 2024, ZADHR, thr…

Published: 04 Dec 2024 at 15:15hrs | | by Staff reporter

Mthuli Ncube's budget is anti-people, anti-business and anti-Zimbabwe

Citizens Coalition for Change Statement on 2025 budget statement The recent national budget proposal exposes the Zanu-PF government's obnoxious penchant to compulsorily expropriate people's money to the last cent to fund the honchos lavish…

Published: 30 Nov 2024 at 13:28hrs | | by Willias Madzimure

CCC veteran slams Mthuli Ncube's 2025 budget as 'anti-people'

Veteran opposition official and Member of Parliament for the Citizens Coalition for Change (CCC), Willias Madzimure, has strongly condemned the government's 2025 national budget, accusing it of extortionate taxation aimed at funding the ex…

Published: 30 Nov 2024 at 13:26hrs | 86 | by Staff reporter

2025 Budget: A shallow, hollow, narcissistic and dishonest anti-people ritual

THE 2024 budget statement was presented in backdrop of a tough and challenging year for the working people of Zimbabwe. A year in which the citizen had been abused by extreme levels of inflation, emasculation by a rigged exchange rate, ext…

Published: 29 Nov 2024 at 18:47hrs | | by Tendai Biti

Mthuli Ncube squeezes taxpayers

Finance, Economic Development and Investment Promotion Minister, Mthuli Ncube, yesterday unveiled a set of new taxes aimed at bolstering government revenue in the 2025 national budget. The tax measures, set to take effect from January 1, 2…

Published: 29 Nov 2024 at 07:16hrs | | by Staff reporter

Mthuli Ncube sees 2025 growth rebound after this year's drought

Zimbabwe has projected economic growth to accelerate to 6 percent in 2025 from 2 percent this year, helped by improved agricultural output and power generation as the country recovers from a severe drought, finance minister Mthuli Ncube sa…

Published: 28 Nov 2024 at 16:32hrs | 193 | by Staff reporter

Parliament plunges into darkness during Mthuli Ncube's national budget speech

Electricity went off plunging parliament into darkness as finance minister Mthuli Ncube was concluding his 2025 national budget speech on Thursday.President Emmerson Mnangagwa was escorted out of the building in Mt Hampden as parliament's …

Published: 28 Nov 2024 at 15:40hrs | 284 | by Staff reporter

Zimbabwe govt sinks in deep financial hole

The recent 43% devaluation of Zimbabwe's Zimbabwe Gold (ZiG) currency has exacerbated the government's financial crisis, leaving it struggling to meet its obligations while civil servants and other public sector workers bear the brunt of d…

Published: 19 Nov 2024 at 13:38hrs | 7767 | 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 debts. The directive, issued at Zanu-PF's 2…

Published: 14 Nov 2024 at 09:23hrs | 96 | by Staff reporter

Funding Shortages leave 'Mthuli' road unmarked

The road in Cowdray Park, constructed by Finance, Economic Development and Investment Promotion Minister Mthuli Ncube ahead of the 2023 elections, remains devoid of essential safety features due to a lack of funds, Southern Eye has learned…

Published: 16 Sep 2024 at 08:14hrs | 1 | by Staff reporter

Fight over Mthuli's boreholes in Cowdray Park

In Cowdray Park, residents are contesting control over boreholes that were drilled by Finance Minister Mthuli Ncube ahead of the August 2023 elections. Ncube, who lost the seat to Pashor Sibanda of the Citizens Coalition for Change, invest…

Published: 04 Sep 2024 at 08:04hrs | 571 | by Staff reporter

Mnangagwa's govt to extend ZiG currency crackdown to shops

The government intends to expand its crackdown on street currency traders to include retailers, ensuring that goods and services are priced using only the official exchange rate of the new ZiG currency.Finance, Economic Development, and In…

Published: 18 May 2024 at 12:38hrs | 16 | by Staff reporter

'ZiG difficult to accept in US$-dominated market'

RESPECTED businessman and economist Nigel Chanakira says acceptance of the new currency, Zimbabwe Gold (ZiG), will be difficult given that the majority still prefer the greenback.The Reserve Bank of Zimbabwe (RBZ) launched ZiG and scrapped…

Published: 11 Apr 2024 at 08:45hrs | 2 | by Staff reporter

Vendors decry unfavourable conditions at Egodini

VENDORS operating at the newly refurbished Egodini Terminus have expressed concern over what they termed "unfavourable" business conditions after Bulawayo City Council (BCC) allegedly barred them from selling perishables such as vegetables…

Published: 04 Mar 2024 at 04:42hrs | 4 | by Staff reporter

Mthulisi Ncube exempts VAT on key basic commodities

TREASURY has gazetted the suspension of Value Added Tax (VAT) on selected basic commodities with effect from today as part of Government measures to tame price increases while boosting consumer purchasing power and aggregate demand for bus…

Published: 01 Feb 2024 at 04:57hrs | 17 | by Staff reporter

Mthuli must resign

Two weeks ago we saw the exchange rate going berserk as the Zimbabwe's economy nose dives. The saying goes- one can rig the election but one cannot rig the economy.Zimbabwe really needs a clean start. Most sectors of the economy have been …

Published: 22 Jan 2024 at 22:26hrs | 3 | by Leonard Koni

Mthuli Ncube's Cowdray Park projects in limbo after Zanu-PF bags seat

After witnessing a flurry of rare development projects in the run-up to the August elections, residents of Bulawayo's sprawling high-density suburb of Cowdray Park are now facing the reality of the rest of Zimbabwe's urban dwellers.The dev…

Published: 01 Jan 2024 at 08:02hrs | 21 | by Staff reporter

Search / Mthuli ncube

Bulawayo water shortages a critical problem

Nyambirai stirs succession troubled waters

Zanu PF appoints new Director General

Dangote to invest US$1 billion in Zimbabwe

Zimbabwe speeds up mercury phase-out

Girls warned against visiting 'prophets' alone

Domestic worker fined for assaulting employer's toddler

Baby dies after slipping from mother's back as parents fight

Govt approves 5,000 health posts to boost sector capacity

Police arrest suspect in fatal shooting of officer

Minister's aide arrested over gun at Zanu PF Conference

Mnangagwa critic arrested in US$10,000 trap

Chivayo gifts comedian US$150,000 for 'making Mnangagwa laugh'

Dembare edge Bosso on penalties

Man rapes woman at axe point

Security guards convicted for stealing company truck

US flags Zimbabwe's rigid labour laws

Cameroon elects world's oldest president at 92

ZIMSWA applauds push to decriminalise sex work in Zimbabwe

CCC MP Hwende Commends President Mnangagwa for Recognizing ZINARA’s Accountability Progress

Cyclones predicted

Fired cops reinstated after 10-year legal battle

Zanu-PF UK women donate sewing machines to Mnangagwa's wife

Zimbabwe approves scheme to protect workers in diaspora

ZRA warns ZESCO over excessive water use at Kariba dam

'Incompetent' magistrate banned from criminal trials

Mnangagwa launches book on Zimbabwe's economic revival

Pupil kidnapped, sexually violated

Cop fatally shot at police station

2 dead, several injured in head-on crash

Man poisons stray cattle

Nyambirai stirs succession troubled waters

Zanu PF appoints new Director General

Dangote to invest US$1 billion in Zimbabwe

Zimbabwe speeds up mercury phase-out

Bus accident in Chivhu - WhatsApp update

Domestic worker fined for assaulting employer's toddler

Charamba 'explains' the Catholic land saga

Security guards convicted for stealing company truck

Cyclones predicted

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