Search / Parastatals
Zesa spreads prepaid meters to farms
ZESA Holdings has been ordered to implement prepaid and smart electricity meters across all sectors of the economy by October this year, a government move aimed at enhancing revenue collection and cur...Published: 18 Jul 2025 at 08:30hrs | 87 | by Staff reporter
Mutapa to shake-up State firms
Mutapa Fund Plots Major Shake-Up of State-Owned Enterprises to Enforce Governance and ProfitabilityZimbabwe's sovereign wealth vehicle, the Mutapa Investment Fund, is preparing to roll out swe...Published: 13 Jul 2025 at 16:12hrs | 678 | 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
Geza stay away takes the shine off from trade fair?
The curtain came down yesterday on the 2024 edition of the Zimbabwe International Trade Fair (ZITF) in Bulawayo, with mixed reactions as concerns were raised over the low turnout of both exhibitors an...Published: 28 Apr 2025 at 12:40hrs | 476 | by Staff reporter
What triggered the call for the failed 31 March 'uprising' in Zimbabwe?
The old-age wisdom that facts are stubborn came alive last week after social media platforms and sections of the mainstream media went into a frenzy with sensational claims that the Parliament of Zimb...Published: 15 Apr 2025 at 18:22hrs | 2797 | by Jonathan Moyo
Zanu-PF MPs hail Minister of potholes, team
Legislators have commended Transport and Infrastructural Development Minister Felix Mhona for being named the Best-Performing Cabinet Minister of 2024, alongside other senior officials from his minist...Published: 27 Mar 2025 at 06:12hrs | 221 | by Staff reporter
Mnangagwa rewards Minister of potholes
President Emmerson Mnangagwa controversially awarded Transport Minister Felix Mhona the title of Best Performing Minister in his Cabinet for 2024, despite the country's roads being in a deplorable sta...Published: 25 Mar 2025 at 20:18hrs | 921 | by Staff reporter
Leadership changes sweep through Zim's corporate landscape
A wave of leadership changes has swept through several listed companies in recent weeks, marking a significant shift in the corporate landscape. Notable companies such as OK Zimbabwe, Econet Wireless,...Published: 11 Mar 2025 at 11:30hrs | 663 | by Tonderai Ndoro
Mnangagwa calls for unity in ZANU-PF
In a digital age where accessibility to government services online is vital, several government websites have been facing significant downtime, raising concerns about the ease of doing business in Zim...Published: 20 Dec 2024 at 11:12hrs | 88 | by Staff reporter
Pravin Gordhan kicks the proverbial bucket
Pravin Gordhan served as a minister during the state capture years. But he will also be remembered for being among those who pushed back against its architects.Gordhan passed away on Friday at...Published: 13 Sep 2024 at 06:34hrs | 1029 | by Staff reporter
Stampede to congratulate Mnangagwa
Government's loss-making entities and departments have peppered newspaper pages with fawning congratulatory messages to President Emmerson Mnangagwa on his assuming of the rotational chairmanship of S...Published: 20 Aug 2024 at 10:55hrs | 927 | by Staff reporter
Mangudya underscores importance of well-managed parastatals for economic growth
John Mangudya, the chief executive of the Mutapa Investment Fund (MIF), underscored the crucial role of well-managed State-owned enterprises (SOEs) in driving economic growth in Zimbabwe.Addre...Published: 01 Jul 2024 at 04:08hrs | 5 | by Staff reporter
South African GNU and Zimbabwe economy
GNU as portfolio controlThis week, South Africa's President Cyril Ramaphosa was inaugurated for his second and last term in office under the current Constitution.What is now awaited is...Published: 22 Jun 2024 at 11:28hrs | 7 | by @Jamwanda2 on Saturday
Ministers, CEOs call for adoption of AI
The CEO's Africa Roundtable kicked off in the resort town of Victoria Falls amid robust debate and cross fertilisation of ideas to catapult Africa to its full potential and eliminate poverty on the co...Published: 15 Jun 2024 at 13:04hrs | 5 | by Mandla Ndlovu
Ramaphosa's ANC has not learnt from history
In 2018, ANC chose Cyril Ramaphosa as President because they believed that white capital liked him and thus he would attract western investment into the country. However, things did not quite go accor...Published: 14 Jun 2024 at 13:23hrs | 26 | by Staff reporter
POSB privatisation put on halt
THE planned partial privatisation of the People's Own Savings Bank (POSB) has been put on halt as the bank awaits further guidance on the project from the shareholder.Partial privatisation was...Published: 04 Apr 2024 at 06:14hrs | 3 | by Staff reporter
Zimbabwe in Starlink U-turn
ZIMBABWE appears to have made a U-turn over Starlink amid revelations senior government officials are in talks with the satellite internet service provider owned by billionaire Elon Musk.Zimba...Published: 13 Mar 2024 at 05:11hrs | 78 | by Staff reporter
'Mutapa Investment Fund mustn't become conduit for looting'
AS prevalence of public sector corruption reaches alarming levels, the International Monetary Fund (IMF) has demanded that Zimbabwean authorities ensure the newly-established Mutapa Investment Fund (M...Published: 11 Mar 2024 at 09:09hrs | 38 | by Staff reporter
Mnangagwa's Mutapa fund plots parastatals shake-up
The MUTAPA Investment Fund (MIF), previously criticized as a conduit for elite enrichment, has declared its commitment to establishing robust governance frameworks aimed at reining in reluctant State ...Published: 11 Mar 2024 at 04:57hrs | 3 | by Staff reporter
Mnangagwa says parastatals should consider receiving payments in Zimdollars
GOVERNMENT has warned departments and parastatals accused of charging for services exclusively in foreign currency, saying they are acting outside the law.Speaking in Parliament during a quest...Published: 09 Mar 2024 at 11:13hrs | | by Staff reporter
Minister Mangaliso Ndlovu reported to ZACC...amidst massive corruption allegations
Minister of Environment, Climate Change, Tourism, and International Trade, Mangaliso Ndlovu, is under scrutiny for alleged corruption and misconduct. Citizens Against Corruption, a prominent local org...Published: 23 Feb 2024 at 12:55hrs | 12 | by George Tshuma
IMF not ready to extend financial support to Zimbabwe
THE International Monetary Fund's (IMF) two-week-long high-level visit ended on Wednesday amid revelations that no financial support will be extended to Zimbabwe without authorities undertaking seriou...Published: 15 Feb 2024 at 10:08hrs | 1 | by Staff reporter
Zanu-PF MPs shower praises on Mnangagwa
Zanu-PF legislators have been praising President Emmerson Mnangagwa's State of the Nation Address (Sona), which painted a rosy picture of the country's fortunes despite the deteriorating socio-economi...Published: 12 Feb 2024 at 13:54hrs | 3 | by Staff reporter
Lack of strategy in Zimbabwe opposition politics
ONE of the biggest issues that one must contend with in politics is that it is a contested space. Allegiances and goals are ever changing and there is, therefore, a need to be able to maneuver these c...Published: 09 Feb 2024 at 10:02hrs | 2 | by Munyaradzi Mapfumo
GMB contradicts government on grain supplies
Government and its parastatals are known to pull in the same direction and speak with one voice or sing from the same hymn book. The President , the Minister of Agriculture have all said that ...Published: 09 Feb 2024 at 08:07hrs | 3 | by John mbizvo
Zimsec 'fails' to pay exam transporters
OWNERS of vehicles hired to transport the Zimbabwe School Examinations Council (Zimsec) 2023 examination papers are still to paid, five months after they rendered their services, it emerged this week....Published: 08 Feb 2024 at 04:31hrs | 1 | by Staff reporter
More houses for Zimra officers
FINANCE, Economic Development and Investment Promotion Minister, Professor Mthuli, Ncube on Thursday officially commissioned a block of flats built for Zimbabwe Revenue Authority (Zimra) workers deplo...Published: 29 Jan 2024 at 05:56hrs | 7 | by Staff reporter
Zimbabwe sets up security complaints commission
FOLLOWING the enactment of the Zimbabwe Independent Complaints Commission (ZICC) Act in 2022, Parliament has now called for nominations of persons to become members of the Commission that will handle ...Published: 16 Jan 2024 at 04:40hrs | 2 | by Staff reporter
Air Zimbabwe missing in action
AIR Zimbabwe, which faces a myriad of problems ranging from mounting debts, ageing aircraft, government interference and poor management, has become a pale shadow of itself as it is failing to make a ...Published: 27 Dec 2023 at 17:26hrs | 18 | by Staff reporter
Mliswa quits politics
FORMER Hurungwe West and Norton constituencies legislator, Temba Mliswa is optimistic of contributing to the turnaround of the country's tourism sector as he invests and focuses on his Karoi property....Published: 17 Nov 2023 at 21:12hrs | 13 | by Staff reporter
1 ambulance for Parirenyatwa
ZIMBABWE'S largest referral hospital, Parirenyatwa Group of Hospitals, which services Harare and other nearby provinces, has been operating with only one functional ambulance, reflecting the country's...Published: 12 Nov 2023 at 20:40hrs | 18 | by Staff reporter
Zupco can't account for ZW$3bn
THE loss-making Zimbabwe United Passenger Company (Zupco), which has been embroiled in numerous corruption scandals, has failed to account for ZW$3.4 billion in revenue it generated in urban areas, du...Published: 06 Nov 2023 at 21:21hrs | 14 | by Staff reporter
Zimbabwean minister bemoans corruption in drivers' licence issuance
Transport and Infrastructure Development Minister Felix Mhona recently unveiled plans to combat and eliminate corruption associated with the issuance of learner licenses and certificates of competence...Published: 06 Nov 2023 at 04:47hrs | 15 | by Staff reporter
51 Zimbabwe parastatals fail to submit financials
A total of fifty-one state-owned enterprises have failed to submit their financial statements for auditing to the Auditor-General, as required by law.The Acting Auditor-General, Mrs. Rhea Kuji...Published: 02 Nov 2023 at 05:40hrs | 16 | by Staff reporter
Air Zimbabwe planes unaccounted for
ACTING Auditor-General Rheah Kujinga has exposed the rot at Air Zimbabwe which includes financial books that are in a shambles as well as the failure by the national airline to account for the number ...Published: 31 Oct 2023 at 16:27hrs | 16 | by Staff reporter
Zimra can't account for ZW$1 billion
THE Zimbabwe Revenue Authority (Zimra) has failed to account for millions of dollars in tax and deposits paid by clients, amid indications of massive fraud facilitated by weak accounting systems, rais...Published: 31 Oct 2023 at 16:27hrs | 2 | by Staff reporter
Air Zimbabwe 'dead as a dodo'
TECHNICALLY-INSOLVENT Air Zimbabwe has accumulated losses of US$407,84 million, while total liabilities have exceeded assets by US$380,22 million, further casting significant doubt on the airline's ab...Published: 29 Oct 2023 at 12:36hrs | 2 | by Staff reporter
SOEs, parastatals bleed Treasury
State-owned enterprises (SOEs) and parastatals have suffered significant financial losses, totaling millions of US dollars, due to procurement scams where suppliers received prepayments but failed to ...Published: 26 Oct 2023 at 06:42hrs | 2 | by Staff reporter
Charamba exposes Chamisa?
FROM as early as 2018, CCC leader Mr Nelson Chamisa sent various envoys who included journalists, businessmen and church leaders to open talks with President Mnangagwa but all his missions collapsed a...Published: 16 Oct 2023 at 06:04hrs | | by Staff reporter
Lawyer takes Mnangagwa to court
HARARE lawyer and businessman Frederick Nyamande has taken President Emmerson Mnangagwa to court following the promulgation of the controversial Mutapa Investment Fund which he argues allows the head ...Published: 09 Oct 2023 at 13:51hrs | 2 | 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 fro...Published: 09 Oct 2023 at 13:50hrs | | by Staff reporter
Zimbabwe Treasury has not exempted state enterprises from procurement rules
The state enterprises under the Mutapa sovereign wealth fund still have to comply with procurement rules despite an exemption issued for the fund itself, The Ministry of Finance says.In a gove...Published: 02 Oct 2023 at 19:57hrs | 4 | by Staff reporter
Legalizing looting shows Zimbabwe is led by dunderheads!
From the time I was a little boy, there was something that always puzzled me.I could never understand how, those who were in top government positions - with all the opportunities availed to th...Published: 02 Oct 2023 at 07:55hrs | 2 | by Tendai Ruben Mbofana
Mnangagwa exempts state firms from Public Procurement scrutiny
President Emmerson Mnangagwa has taken steps to protect selected state-owned companies operating under the Mutapa Investment Fund (MIF) from public procurement regulations.Mnangagwa officially...Published: 30 Sep 2023 at 07:57hrs | 7 | by Staff reporter
Zimbabwe govt maintains tight monetary, fiscal measures
GOVERNMENT yesterday said it would continue with the tight fiscal and monetary policy measures that include increasing the retention on domestic foreign currency sales to 100%, among others.Ac...Published: 08 Sep 2023 at 06:31hrs | 1 | by Staff reporter
2-man race in battle for Zimbabwe State House
AS things stand, it is abundantly clear and an inescapable fact that the battle for State House is squarely between Citizen Coalition for Change (CCC) leader Nelson Chamisa and President Emmerson Mnan...Published: 21 Aug 2023 at 06:38hrs | 16 | by Lovemore Moyo
Chamisa mixes politics with religion
Tony Blair's press secretary Alastair Campbell, when the former British Prime Minister was asked about his faith, famously retorted that "we don't do God," illustrating the perceived perils of mixing ...Published: 08 Aug 2023 at 22:27hrs | 16 | by Staff reporter
The difference between Mugabe and Mnangagwa
Based on pure analysis it can be argued that the difference between the late and former president of Zimbabwe Robert Mugabe and the incumbent and successor Emmerson Mnangagwa can be cited in the fact ...Published: 05 Aug 2023 at 22:22hrs | 23 | by Martin Stobart
'Zanu-PF abusing State resources'
CIVIL Society Organisations (CSOs) and opposition political parties have accused the ruling Zanu-PF party of abusing State resources by transporting its supporters to rallies across the country using ...Published: 10 Jul 2023 at 07:16hrs | 15 | by Staff reporter
Govt descends on price manipulators
THE Consumer Protection Commission (CPC) will soon impose heavy fines on retailers that have not reduced prices of their goods in line with movements of the exchange rate on the interbank market....Published: 09 Jul 2023 at 10:30hrs | 9 | by Staff reporter
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