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

BUSINESS NEWS

Zimbabwe will not fund medical treatment in South Africa

Justice Minister Ziyambi Ziyambi has ruled out any possibility of government assistance for Zimbabwean citizens seeking medical care in South Africa, citing resource constraints and the need to priori...

By Staff reporter | Published: 23 July 2025

BUSINESS NEWS

Gwayi-Shangani dam stalls due to funding delays

The delayed construction of the critical 10MW mini-hydropower plant at the Gwayi-Shangani Dam is threatening to derail Zimbabwe's long-term plans to supply water to Bulawayo through a 251km pipeline, ...

By Staff reporter | Published: 02 July 2025

BUSINESS NEWS

Zimbabwe seeks US$100m for renewable energy

The Zimbabwean government has launched the Zimbabwe Renewable Energy Fund (ZimREF), a US$100 million blended finance initiative aimed at boosting investments in clean energy and accelerating the count...

By Staff reporter | Published: 02 July 2025

OPINION

Zimbabwe cannot fund large-scale projects without monetary autonomy

Zimbabwe's economic debate is often framed through the lens of inflation control, exchange rate stability, and the day-to-day functionality of the US dollar in domestic transactions.Yet, beneath the s...

By Brighton Musonza | Published: 01 July 2025

BUSINESS NEWS

Fundira challenges dismissal as NSSA Board Chair

Ousted National Social Security Authority (NSSA) board chairperson Emmanuel Fundira has challenged his recent dismissal by the Minister of Public Service, Labour and Social Welfare, Edgar Moyo, descri...

By Staff reporter | Published: 30 June 2025

AFRICA BUSINESS

Mangudya calls for equitable IMF fund disbursements

Former Reserve Bank of Zimbabwe (RBZ) governor and current CEO of Mutapa Investment Fund, John Mangudya, has urged the International Monetary Fund (IMF) to ensure equitable disbursements of funds to A...

By Staff reporter | Published: 28 June 2025

INDUSTRIALS & ENERGY

Chinese-funded projects power Zimbabwe

The Chinese-funded expansion of Hwange Thermal Power Station, specifically Units 7 and 8, emerged as the main source of energy supply for Zimbabwe in 2024, according to the Zimbabwe Energy Regulatory ...

By Staff reporter | Published: 28 June 2025

BUSINESS NEWS

Revolving fund for Gutu Central vendors launched

A new revolving fund aimed at empowering informal traders and transforming livelihoods was officially launched on Monday in Gutu Central Constituency, offering hope to many small business owners strug...

By Staff reporter | Published: 26 June 2025

MINING & RETAIL

Premier secures funding for Zulu Lithium Project

Premier African Minerals Limited has announced a major development in its flagship Zulu Lithium and Tantalum Project in Insiza, Matabeleland South, after settling US$1.1 million worth of contractor in...

By Staff reporter | Published: 11 June 2025

BUSINESS NEWS

Zimbabwe assures steady ARV supply amid US funding cuts

Health and Child Care Minister Dr Douglas Mombeshora has moved to dispel growing fears over antiretroviral (ARV) drug shortages, assuring the nation that Zimbabwe has adequate supplies to meet nationa...

By Staff reporter | Published: 17 May 2025

BUSINESS NEWS

Zimbabwe steps up domestic HIV/Aids funding drive

The Government of Zimbabwe is intensifying efforts to mobilize domestic resources to sustain HIV and AIDS prevention programs following significant cuts in international funding, Health and Child Care...

By Staff reporter | Published: 15 May 2025

BUSINESS NEWS

Zimbabwe to benefit from Abu Dhabi's $500m maternal health fund

A $500-million fund aimed at improving maternal and neonatal health in sub-Saharan Africa was launched Tuesday in Abu Dhabi at a time when Western countries are sharply cutting aid to Africa.The Begin...

By Staff reporter | Published: 30 April 2025

BUSINESS NEWS

Court orders company to refund US$552,281 to Fidelity Gold Refinery

The High Court has ordered Curechem Overseas to refund US$552,281 to Fidelity Gold Refinery following a dispute over an agreement to supply small-scale miners with gold chemicals. The ruling comes aft...

By Staff reporter | Published: 24 April 2025

BUSINESS NEWS

Zimbabwe unveils fund to support value chains

The Government of Zimbabwe has launched the Industrial Development Fund (IDF) to support the strengthening of domestic value chains, promote industrial growth, and increase the export of value-added g...

By Staff reporter | Published: 24 April 2025

MINING & RETAIL

UK firm secures US$5m to fund gold mines in Zimbabwe

United Kingdom-based mining firm Kavango Resources Plc has secured a US$5 million interest-free funding facility from the Comarton Managed Pension Funds' Investments Consortium to accelerate its gold ...

By Staff reporter | Published: 24 April 2025

FINANCIAL SERVICES

New Bill to revamp pensions funds set to be gazetted soon

THE upcoming Pensions and Provident Fund Bill will allow pension funds to invest up to 20% of their assets in offshore markets, but the regulator says this is subject to the fulfilment of local obliga...

By Staff reporter | Published: 11 October 2019
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