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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 economi...Published: 10 hrs ago | 17 | by Staff reporter
Mthuli Ncube's 2025 Budget to increase cost of doing business
Leading retailer OK Zimbabwe has expressed concern that the 2025 National Budget, as outlined by Finance Minister Prof Mthuli Ncube, will increase business costs, further exacerbating an already chall...Published: 20 Dec 2024 at 11:12hrs | 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 se...Published: 20 Dec 2024 at 10:09hrs | 133 | by Kindred Sibanda
Zimbabweans will always suffer as long as we rely on politicians for change
Over the past two and a half decades, the country has faced unprecedented economic challenges, from record-breaking hyperinflation and extreme poverty to massive deindustrialization and soaring unempl...Published: 19 Dec 2024 at 12:41hrs | 209 | by Tendai Ruben Mbofana
Mthuli Ncube cracks down on smugglers
The Government of Zimbabwe has initiated a nationwide crackdown on smuggling through cross-border buses and illegal businesses trading in contraband to safeguard local industries and protect consumer ...Published: 17 Dec 2024 at 06:34hrs | 1814 | by Staff reporter
Minister Raj Modi's liquor outlet closed amid smuggling clampdown
The Zimbabwean government has shut down a liquor outlet owned by Deputy Minister of Industry and Commerce, Raj Modi, in Bulawayo as part of a nationwide operation targeting smuggled goods. The closure...Published: 16 Dec 2024 at 15:20hrs | 2102 | by Staff reporter
Zimbabwe authorities step up crackdown on smuggled goods
The Zimbabwean government has ramped up efforts to combat smuggling and the influx of counterfeit goods as part of a broader strategy to protect domestic industries and enhance their competitiveness....Published: 15 Dec 2024 at 09:11hrs | 412 | by Staff reporter
Biti criticizes Zimbabwe's economic policies
Former finance minister Tendai Biti has strongly criticized the economic policies under the current administration, describing them as "fictitious" and blaming them for Zimbabwe's ongoing de-industria...Published: 14 Dec 2024 at 12:34hrs | 505 | by Staff reporter
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 bettin...Published: 14 Dec 2024 at 10:46hrs | 173 | by Staff reporter
Zimbabwe collects US$30,8m from sugar tax
The Zimbabwean government has reported collecting US$30.8 million from the special surtax on sugar content in beverages since the gazetting of Statutory Instrument 16 of 2024, the Customs and Excise (...Published: 14 Dec 2024 at 10:37hrs | 85 | by Staff reporter
Zimbabwe's GDP takes US$12bn knock
Zimbabwe's gross domestic product (GDP) has sharply fallen to US$35 billion in November, a staggering 25% decline from US$47 billion in April. The sharp contraction highlights the dire economic challe...Published: 14 Dec 2024 at 10:35hrs | 176 | by Staff reporter
Minister Mthuli's Anaconda Choke on the Informal Sector Marks the End of Zanu PF Rule
Zimbabwe's Minister of Finance, Mthuli Ncube, has taken drastic measures to clamp down on the informal sector, a move being described as an "anaconda chok...Published: 13 Dec 2024 at 19:15hrs | 1777 | by Kindred Sibanda
Punters challenge Mthuli Ncube's proposed tax on betting winnings
The Zimbabwe Punters Association (ZPA) has voiced strong opposition to the proposed 10% tax on sports betting winnings, arguing it would disproportionately affect low-income punters.The tax, i...Published: 13 Dec 2024 at 12:42hrs | 1028 | by Staff reporter
Zimbabwe clamps down on smuggling, counterfeit products
Authorities in Zimbabwe are intensifying efforts to combat the smuggling of consumer goods into the country and the proliferation of counterfeit and substandard products in the market to safeguard pub...Published: 13 Dec 2024 at 09:43hrs | 260 | by Staff reporter
Matebeleland projects have remained stagnant for years
Nkulumane Member of Parliament, Desire Moyo, has made a passionate plea to Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube to allocate funding for critical infrastructure...Published: 13 Dec 2024 at 09:43hrs | 333 | 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 Develo...Published: 11 Dec 2024 at 06:30hrs | 441 | by Staff reporter
No progress on Bulawayo-Nkayi Road
The long-awaited rehabilitation of the Bulawayo-Nkayi Road is moving at a slow pace, with DIFFLOCK Construction, the newly-appointed contractor, already establishing its base and advancing the project...Published: 10 Dec 2024 at 06:48hrs | 293 | by Staff reporter
'Mutapa Fund will become Zimbabwe's economic bedrock'
Finance, Economic Development, and Investment Promotion Minister, Mthuli Ncube, has expressed strong confidence in the future of the Mutapa Investment Fund (MIF), highlighting its potential as a key d...Published: 09 Dec 2024 at 07:03hrs | 668 | by Staff reporter
Mthuli Ncube unveils ambitious infrastructure funding overhaul
Finance, Economic Development, and Investment Promotion Minister Professor Mthuli Ncube has announced plans to restructure the sinking fund and expand the e-tolling system to secure sustainable revenu...Published: 09 Dec 2024 at 06:44hrs | 1019 | by Staff reporter
Travellers stranded as bus services halt in Beitbridge
Hundreds of travellers, including cross-border traders and shoppers, were left stranded in Beitbridge on Wednesday after bus operators suspended services in response to a government-led anti-smuggling...Published: 08 Dec 2024 at 09:51hrs | 321 | by Staff reporter
Major crackdown on smuggling launched
A multi-agency operation targeting small businesses and cross-border transporters involved in smuggling and unethical practices has led to the impounding of dozens of vehicles, including buses and hau...Published: 08 Dec 2024 at 09:49hrs | 145 | by Staff reporter
Zimbabwe juggles US$1bn TBs to avert crisis
President Emmerson Mnangagwa's government is restructuring repayment terms for Treasury Bonds (TBs) as it grapples with escalating debt obligations and the looming threat of default. With nearly US$74...Published: 06 Dec 2024 at 18:06hrs | 294 | by Staff reporter
Crackdown on businesses rejecting ZiG to intensify
The Zimbabwean government has vowed to intensify its crackdown on suppliers and manufacturers who refuse to transact in Zimbabwe Gold (ZiG) currency or use parallel market exchange rates. The move was...Published: 06 Dec 2024 at 16:34hrs | 1271 | by Staff reporter
Beitbridge route buses withdraw services
Hundreds of travelers, primarily cross-border traders and shoppers, were left stranded in Beitbridge on Wednesday as bus operators withdrew their services, fearing that their buses would be impounded ...Published: 06 Dec 2024 at 06:38hrs | 7515 | by Staff reporter
Lake Gwayi-Tshangani construction set to resume
The long-awaited construction of the Lake Gwayi-Tshangani Dam in Matabeleland North is set to resume, thanks to a ZWG1 billion allocation in the 2025 national budget aimed at completing the remaining ...Published: 06 Dec 2024 at 06:35hrs | 991 | by Staff reporter
Zimbabwe lags behind South Africa in literacy rates?
Zimbabwe has secured the 4th spot in the ranking of African countries with the highest education levels in 2024, according to a report by Data Panda. The ranking is based on literacy rates and years o...Published: 05 Dec 2024 at 09:18hrs | 2673 | 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....Published: 04 Dec 2024 at 15:15hrs | 335 | by Staff reporter
Gata, Mthuli Ncube differ on load-shedding
The ongoing electricity crisis in Zimbabwe continues to dominate national discussions, with contrasting statements from key government officials regarding the future of load-shedding.ZESA Chai...Published: 04 Dec 2024 at 08:05hrs | 1090 | by Staff reporter
'Banks refuse to make salary payments on behalf of Zimbabwe govt'
A dramatic financial crisis has hit Zimbabwe's civil service as banks have reportedly withheld payments for thousands of public sector workers' salaries, citing the government's inability to meet its ...Published: 03 Dec 2024 at 09:58hrs | 12939 | by Staff reporter
CSOs voice strong opposition to the Zimbabwe tax
Civil Society Organisations (CSOs) have voiced strong opposition to the Zimbabwean government's 2025 national budget, criticizing new taxes as oppressive and harmful to citizens already struggling wit...Published: 03 Dec 2024 at 08:54hrs | 218 | by Staff reporter
Mnangagwa's govt faces lawsuit over delayed salaries
Government workers, including teachers, have turned to lawyers in an attempt to understand why they have not received the local currency component of their November pay and bonus, almost two weeks aft...Published: 02 Dec 2024 at 07:23hrs | 1064 | by Staff reporter
Zimbabwe forex receipts jumps 17.9% to $10 billion in 2024
Zimbabwe recorded a remarkable 17.9% increase in foreign currency receipts in the first nine months of 2024, reaching US$10 billion compared to US$8.5 billion during the same period in 2023. This grow...Published: 02 Dec 2024 at 07:17hrs | 89 | by Staff reporter
Mnangagwa's personality cult grows
President Emmerson Mnangagwa and his loyalists have intensified efforts to create a political personality cult as part of a controversial campaign to extend his presidency beyond the constitutional tw...Published: 01 Dec 2024 at 12:21hrs | 532 | by Staff reporter
Forbes Border Post upgrade project approved
Cabinet has approved a public-private partnership (PPP) between the Ministry of Transport and Infrastructural Development and the Forbes Border Consortium, ushering in a new phase of modernisation for...Published: 01 Dec 2024 at 08:55hrs | 505 | by Staff reporter
Mnangagwa has reclaimed Harare's 'Sunshine City' status, said mayor Mafume. Dumb and stupid singing for his supper
"Usa kangamwa chezuro nehope!" so goes the Shona adage, warning of the dangers of a selective memory. Zimbabweans have a very selective memory, they see only what they want to see and ignore the rest....Published: 30 Nov 2024 at 19:06hrs | 1339 | by Wilbert Mukori
Zimbabwe's 'pizza budget' proves economy on the verge of collapse
Zimbabwe's 'pizza budget,' presented two days ago by Finance Minister Professor Mthuli Ncube as the 2025 National Budget Proposal, is a stark illustration of an economy on the verge of collapse. ...Published: 30 Nov 2024 at 19:01hrs | 549 | by Tendai Ruben Mbofana
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 mo...Published: 30 Nov 2024 at 13:28hrs | 81 | 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 extort...Published: 30 Nov 2024 at 13:26hrs | 80 | by Staff reporter
Parliament apologises to Mnangagwa after budget speech power disruption
Zimbabwe's Parliament has issued an official apology to President Emmerson Mnangagwa and the nation after an embarrassing power outage occurred at the New Parliament Building during Finance Minister M...Published: 30 Nov 2024 at 13:08hrs | 139 | 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, emas...Published: 29 Nov 2024 at 18:47hrs | 731 | by Tendai Biti
Zimbabwe Warriors get US$1 million for 2025 AFCON finals campaign
The Zimbabwe senior men's national football team, the Warriors, is set to receive a financial boost from the government ahead of their 2025 Africa Cup of Nations (AFCON) campaign in Morocco. Finance M...Published: 29 Nov 2024 at 07:19hrs | 3933 | by Staff reporter
Mnangagwa leaves Parliament in darkness
President Emmerson Mnangagwa walked out of the New Parliament Building in total darkness on Thursday, underscoring the severity of Zimbabwe's ongoing electricity crisis. The 82-year-old Zanu-PF leader...Published: 29 Nov 2024 at 07:18hrs | 2674 | by Staff reporter
Zimbabweans abroad sent home US$1,9 billion in 9 months
Zimbabweans living abroad sent a record-breaking US$1.9 billion back home in the first nine months of 2024, marking a significant 16.5% increase from the US$1.6 billion remitted in the same period las...Published: 29 Nov 2024 at 07:17hrs | 365 | by Staff reporter
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 measure...Published: 29 Nov 2024 at 07:16hrs | 818 | by Staff reporter
CCC MPs strongly reject 'betting, pizza budget'
Opposition legislators have strongly rejected Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube's 2025 national budget, criticizing it for failing to address the country's ...Published: 29 Nov 2024 at 07:13hrs | 456 | by Staff reporter
ZiG monthly inflation seen staying below 3%
Zimbabwe's gold-backed currency (ZiG) is expected to maintain stable inflation levels, with average month-on-month inflation forecast to remain below 3% in 2025. This projection is underpinned by stri...Published: 29 Nov 2024 at 06:53hrs | 78 | by Staff reporter
Mnangagwa abruptly exited Parliament after a sudden power outage
President Emmerson Mnangagwa abruptly exited the New Parliament Building on Thursday after a sudden power outage plunged the chambers into darkness, moments after Finance Minister Mthuli Ncube conclud...Published: 28 Nov 2024 at 16:37hrs | 3140 | 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 dr...Published: 28 Nov 2024 at 16:32hrs | 190 | by Staff reporter
Zimbabwe introduces taxes on pizza, burgers, fries
Finance Minister Mthuli Ncube has announced a new 0.5% tax on fast foods and a 10% withholding tax on sports betting winnings, set to take effect on January 1, 2025. The measures, unveiled during...Published: 28 Nov 2024 at 16:17hrs | 2144 | by Staff reporter
FULL PRESENTATION SLIDES: Zimbabwe 2025 Budget - Prof Mthuli Ncube
THE 2025 NATIONAL BUDGET PRESENTATION 'Building Resilience for Sustained Economic Transformation' Presented to the Parliament of Zimbabwe byHON. PROF. MTHULI NCUBE ...Published: 28 Nov 2024 at 16:12hrs | 2458 | by Staff Reporter
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