TRANSPORT & TOURISM

International airlines raise red flag over funds

INTERNATIONAL airlines operating in Zimbabwe are reportedly contemplating cancelling their routes after failing to recover a cumulative more than $130 million repatriation funds they are owed by the c...

By Staff reporter | Published: 27 September 2018

BUSINESS NEWS

Mthuli Ncube sweats over funding

NEWLY-MINTED Finance minister Mthuli Ncube this week set sail for the United States, together with President Emmerson Mnangagwa, for the United Nations General Assembly in New York where he will engag...

By Staff reporter | Published: 21 September 2018

BUSINESS NEWS

Zimra ordered to refund Zimplats $9,5m

ZIMBABWE Revenue Authority (ZIMRA) has been caught on the wrong side of the law in collecting revenue and the High Court has ordered it to pay back $9,5 million it unlawfully garnished from a local mi...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

RBZ creating artificial money to fund gold exports

THE Reserve Bank of Zimbabwe (RBZ) plans to flood the banking system with more transferable balances created through real time gross settlement (RTGS) intended to support gold exporters in a desperate...

By Staff reporter | Published: 13 September 2018

TRANSPORT & TOURISM

Low uptake for tourism fund

THE $15 million Tourism Revival Fund facility availed by the Reserve Bank of Zimbabwe (RBZ) to prop up the collapsing industry has been lying idle for about seven months with only three industry's pla...

By Staff reporter | Published: 09 September 2018

POLITICS

Mujuru tells candidates to fund their campaigns

People's Rainbow Coalition (PRC) presidential candidate Joice Mujuru has ordered her council and parliamentary candidates to fund their own campaigns ahead of next weeks' elections.In correspondence t...

By Staff reporter | Published: 27 July 2018

POLITICS

Modi plans $100 000 revolving fund

BULAWAYO businessman, Mr Raj Modi, plans to set up a revolving fund with initial $100 000 seed capital to assist small businesses in Bulawayo South.Addressing journalists in the city yesterday, the bu...

By Staff reporter | Published: 25 July 2018

POLITICS

Mnangagwa govt hunts for $2bn funding

PRESIDENT Emmerson Mnangagwa's administration is frantically negotiating a critical US$2 billion bailout package with a top Chinese bank, the Industrial and Commercial Bank of China (ICBC), and other ...

By Staff reporter | Published: 20 July 2018

POLITICS

Modi sets up revolving fund

BULAWAYO businessman, Mr Rajesh Modi, has set up a revolving fund to assist small businesses in Bulawayo South.He revealed this in an interview after addressing more than 50 vendors who had come for a...

By Staff reporter | Published: 20 July 2018

INDUSTRIALS & ENERGY

Merlin finalising $5m funding facility with govt

TEXTILE company, Merlin, expects to finalise arrangements on the $5 million funding facility from government in the next "few" weeks, an official has said.In his progress update report presented at th...

By Staff reporter | Published: 17 July 2018

POLITICS

Govt should fund training of polling agents

MDC-T breakaway faction leader, Thokozani Khupe, has challenged government to fund the training and deployment of polling agents for all political parties to ensure equal representation at all polling...

By Staff reporter | Published: 16 July 2018

BUSINESS NEWS

Gweru moots capital development fund

Gweru City Council has announced plans to set up a capital development fund that will assist in financing its future capital projects in a bid to move away from over reliance on rates and service fees...

By Staff reporter | Published: 09 July 2018

POLITICS

Zimbabwe NGOs fret over withdrawn funding

THE three local non-governmental organisations (NGOs), whose foreign funding was last week unilaterally cut by the United States Agency for International Development (USAid) on allegations of gross mi...

By Staff reporter | Published: 06 July 2018

BUSINESS NEWS

IDBZ Nust hostels funding under threat

THE Infrastructure Development Bank of Zimbabwe (IDBZ) risks losing the $12 million funding for the construction of hostels for the National University of Science and Technology (Nust) students if the...

By Staff reporter | Published: 06 July 2018

POLITICS

Mphoko accused of funding Mthwakazi

Choppies chairperson, Festus Mogae has written a strongly worded letter to Choppies Zimbabwe's 51% shareholder, former vice president, Phelekezela Mphoko, demanding that he relinquish his Choppies sha...

By Staff reporter | Published: 04 July 2018

POLITICS

Khupe, Chamisa face off over party funds

THE battle for control of the opposition MDC-T alliance's resources has taken a new angle with leader of the breakaway faction Thokozani Khupe threatening to take her rival Nelson Chamisa to court dem...

By Staff reporter | Published: 04 July 2018

POLITICS

Chamisa orders candidates to fund own campaigns

THE MDC Alliance is allegedly broke and has ordered its council and parliamentary candidates to fund their campaigns ahead of the watershed elections set for the end of this month.In an interview yest...

By Staff reporter | Published: 03 July 2018

POLITICS

US confirms NGO funds abuse, hints at probe

The United States (US) yesterday confirmed that the quasi-political civil society organisations it had been funding to push the regime change agenda in Zimbabwe squandered funds meant for the "project...

By Staff reporter | Published: 03 July 2018

POLITICS

US suspends funding for political NGOs ahead of polls

THE United States has suspended funding to several civil society organisations after investigations exposed non-compliance with set principles, and gross abuse of funds meant to oil regime change mano...

By Staff reporter | Published: 02 July 2018

BUSINESS NEWS

Govt bolsters television programmes funding

GOVERNMENT has upped television production funding through the ongoing Zimbabwe Digital Broadcasting (ZimDigital) migration project.For long, local filmmakers have struggled due to lack of funding but...

By Staff reporter | Published: 24 June 2018

BUSINESS NEWS

Pension fund in corruption scam

A probe into the Unified Councils Pension Fund (UCPF) has unearthed massive abuse of funds amid evidence the board pocketed US$8,7 million in allowances, sitting fees and staff salaries between 2010 a...

By Staff reporter | Published: 22 June 2018

POLITICS

Ministers in trouble over Zanu-PF funds

TRANSPORT minister Joram Gumbo and his Local Government counterpart July Moyo are in deep trouble over US$300 000 which was sunk in a botched deal in which controversial airline Zimbabwe Airways (ZimA...

By Staff reporter | Published: 22 June 2018

ZIMBABWE

World Bank finalises funding for Zimbabwe

The World Bank is concluding funding requirements for Zimbabwe as part of processes to start lending to the southern African country, Finance and Economic Planning Minister Patrick Chinamasa has said....

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Exim Bank avails funds for Hwange Power Station

CHINA Exim Bank has released the initial $200 million to immediately kick-start the $1,5 billion Hwange Thermal Power Station expansion project in Matabeleland North province.President Emmerson Mnanga...

By Staff reporter | Published: 20 June 2018

FINANCIAL SERVICES

Ecobank to source more funds for critical imports

ECOBANK Zimbabwe, a unit of Togo-based Ecobank Transnational Inc, is arranging a $45 million line of credit to fund importation of critical raw materials, an official has said. Zimbabwe is grappling w...

By Staff reporter | Published: 20 June 2018
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