BUSINESS NEWS

Kurotwi loses US$3.6 million unfrozen diamond funds appeal

The Supreme Court has dismissed an appeal by businessman Lovemore Kurotwi and his company Canadile Miners (Pvt) Ltd, ending a long-running legal battle over US$3.6 million originally belonging to the ...

By Staff reporter | Published: 03 November 2025

BUSINESS NEWS

Zimbabwe pension funds assets rise to US$2,60bn

Assets in Zimbabwe's pensions sector grew by 6 percent to US$2,63 billion in the first half of 2025, driven by new investments and fair value gains. However, the Insurance and Pensions Commission (IP...

By Staff reporter | Published: 20 October 2025

POLITICS

'Tagwirei funded the military in 2017 coup that toppled Mugabe'

Zanu-PF's Secretary for Legal Affairs, Ziyambi Ziyambi, has disclosed that controversial businessman Kudakwashe Tagwirei played a financial role in the military-led ousting of former President Robert...

By Staff reporter | Published: 16 October 2025

POLITICS

Zanu-PF warns fund beneficiaries

Zanu-PF and the Second Republic will not tolerate the misuse of funds disbursed under the Presidential Revolving Fund, party affiliates have been warned. The caution was issued by Madzibaba Moses, na...

By Staff reporter | Published: 15 October 2025

EDUCATION

'Funds available for exam markers'

Primary and Secondary Education Minister Dr Torerayi Moyo has assured that funds are available to pay teachers who will mark public examinations conducted by the Zimbabwe School Examinations Council ...

By Staff reporter | Published: 09 October 2025

EDUCATION

Teachers criticise govt over underfunded education sector

Teachers have criticised the government for failing to adequately fund Zimbabwe's education sector, warning that insufficient support threatens education delivery.The remarks were made as the country...

By Staff reporter | Published: 08 October 2025

BUSINESS NEWS

Rockshade ordered to refund Methodist Church

The High Court has ordered Rockshade Car Rentals and Tours to refund the Methodist Church in Zimbabwe (MCZ) US$7,125 after the company failed to provide a 60-seater luxury bus as contracted, instead ...

By Staff reporter | Published: 06 October 2025

POLITICS

Zimbabwe Treasury stalls funding of cancer machines

Zimbabwe's two largest referral hospitals, Parirenyatwa Group of Hospitals in Harare and Mpilo Central Hospital in Bulawayo, remain without life-saving cancer treatment machines due to a delay in rel...

By Staff reporter | Published: 05 October 2025

BUSINESS NEWS

Govt releases funds to overhaul Chitungwiza sewer system

The government has released part of the US$2.2 million needed to rehabilitate Chitungwiza's failing sewer system, beginning critical works on the Zengeza Outfall Sewer Line.Harare Metropolitan Affairs...

By Staff reporter | Published: 03 October 2025

POLITICS

Mafume raises concerns over council pension funds

Harare Mayor Jacob Mafume has raised serious concerns over the management and allocation of the council's pension funds, questioning their effectiveness in supporting local businesses and infrastructu...

By Staff reporter | Published: 02 October 2025

SOCCER

Scottland FC dismisses claims of funding Simba Bhora

Scottland FC has rubbished social media claims that club president Pedzisai Sakupwanya channelled US$100,000 to Simba Bhora FC under the guise of sponsoring their CAF Champions League campaign.The spe...

By Staff reporter | Published: 18 September 2025

BUSINESS NEWS

GMB secures funds for 2025 wheat crop

The Grain Marketing Board (GMB) has cleared all outstanding payments to wheat farmers and confirmed it already has funds in place to purchase this year's crop.GMB Chief Executive, Edson Badarai, annou...

By Staff reporter | Published: 15 September 2025

FINANCIAL SERVICES

CBZ secures US$10m facility to fund SMEs

CBZ Bank has signed a US$10 million factoring and supply chain finance line of credit with the African Export-Import Bank (Afreximbank), a move the bank says will revolutionise financing for Zimbabwea...

By Staff reporter | Published: 11 September 2025

BUSINESS NEWS

Zimbabwe excluded from US funding

Zimbabwe is set to miss out on funding under the United States Millennium Challenge Corporation (MCC) after a new report declared the country ineligible to receive foreign assistance.The development ...

By Staff reporter | Published: 08 September 2025

POLITICS

Foreign-funded groups mobilise against 2030 agenda

Zimbabwean civic society groups have launched a nationwide campaign to oppose what they describe as a covert plan by President Emmerson Mnangagwa's loyalists to postpone the 2028 elections. Reports in...

By Staff reporter | Published: 08 September 2025

POLITICS

Confusion over CCC political fund allocation

The Citizens Coalition for Change (CCC) has raised concerns over the disbursement of state funds under the Political Parties (Finance) Act, with party spokesperson Willias Madzimure accusing the gove...

By Staff reporter | Published: 08 September 2025

BUSINESS NEWS

Zimbabwe to set up fund to compensate farmers

The Government is working on plans to establish a compensation fund for farmers who lose crops to wildlife, particularly elephants, Environment, Climate and Wildlife Minister Dr Evelyn Ndlovu has reve...

By Staff reporter | Published: 21 August 2025

POLITICS

Funds looted in shocking Harare 'ghost projects' scandal

Millions of dollars earmarked for road rehabilitation and water infrastructure in Harare have disappeared under murky circumstances, with contractors paid in full for projects that were never carried...

By Staff reporter | Published: 16 August 2025

BUSINESS NEWS

Mutapa Fund engages ZimStat for evaluation

The Mutapa Investment Fund (MIF), Zimbabwe's first Sovereign Wealth Fund, has commissioned the Zimbabwe National Statistics Agency (ZIMSTAT) to independently assess the economic impact of companies wi...

By Staff reporter | Published: 11 August 2025

CONSTRUCTION & PROPERTY

ZimRe pushes to recover funds frozen in US

Financial services giant ZimRe Holdings Limited (ZHL) is mounting a fresh bid to reclaim more than US$1,1 million still locked in the United States from the sanctions era, chief executive officer Stan...

By Staff reporter | Published: 08 August 2025

BUSINESS NEWS

Zimpapers pension fund under probe

The Zimbabwe Anti-Corruption Commission (ZACC) has launched an investigation into the Zimpapers Pension Fund amid allegations of mismanagement of employees' contributions and questionable sales of co...

By Staff reporter | Published: 05 August 2025

BUSINESS NEWS

Zimbabwe's budget falls short of Abuja health target funding

Zimbabwe's 2025 Mid-Year Budget Review has again revealed the country's continued failure to meet the Abuja Declaration commitment of allocating at least 15% of the national budget to health, despite ...

By Staff reporter | Published: 01 August 2025

CONSTRUCTION & PROPERTY

Mnangagwa orders funding for Gwayi-Shangani dam project

President Emmerson Mnangagwa has instructed the Finance Ministry to ensure a monthly disbursement of USD 5 million toward the completion of the long-delayed Gwayi-Shangani Dam, government spokesperson...

By Staff reporter | Published: 29 July 2025

POLITICS

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 constr...

By Staff reporter | Published: 29 July 2025

BUSINESS NEWS

Zanu PF-affiliated informal traders receives relief funds

Informal traders aligned with Zanu PF’s affiliate group Vendors for ED have begun receiving financial support through the Presidential Revolving Fund, disbursed via the Empowerment Bank.The initiati...

By Staff reporter | Published: 24 July 2025
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