Ministers, top officials loot broke parastatals

The scandal has triggered alarm at the highest levels of government.
By Freeman Makopa Jun. 20, 2025
Govt faces backlash over new seed treatment rule
Govt faces backlash over new seed treatment rule
Authorities say the measure is vital to counter the invasive pest that has wreaked havoc on crops across sub-Saharan Africa.
By Freeman Makopa Jun. 20, 2025
National Foods to ramp up capex to US$12m
The pasta and biscuit lines each have a monthly capacity of 1 300 tonnes, while the breakfast cereal line will produce 800 tonnes per month.
By Gamuchirai Nyamuziwa Jun. 20, 2025
Epworth considers Wenimbi Dam to resolve water crisis
The initiative, spearheaded by Epworth-North Member of Parliament Zivai Mhetu, seeks to pipe water from Wenimbi Dam to supply the fast-growing suburb.
By Julia Ndlela Jun. 20, 2025
Prospectors slam ‘secretive’ Mines and Minerals Bill
Mines and Mining Development minister Winston Chitando confirmed at the Chamber of Mines Annual General Meeting last month that the government
By Melody Chikono Jun. 20, 2025
Fresh details on collapsed US$2,5bn CBZ bid emerge
However, the plan ultimately fell apart earlier this year after CBZ Holdings rejected the Competition and Tariff Commission (CTC)’s conditions, which the group
By Melody Chikono Jun. 20, 2025
Artisanal miners target 30 000 tonnes
Increasing gold output: Targeting to produce over four tonnes of gold per year, with a focus on small-scale miners.
By Lee Musaidzi Jun. 20, 2025
Sadc chief urges urgent action on regional financial independence
Ncube added that debt repayments have increased by 35% since 2023.
By Mthandazo Nyoni Jun. 13, 2025
Zim ferrochrome sector set for major expansion
He said among the key beneficiaries of this investment surge was the ferrochrome subsector, where production capacity has expanded significantly.
By Freeman Makopa Jun. 13, 2025
State gem miner ignores safety warnings... pushes ahead with hazardous mining facility
Despite these risks, insiders this week alleged that ZCDC pushed ahead with operations without implementing the recommended safety protocols.
By Freeman Makopa Jun. 13, 2025
ZETDC buckles under debt, imperils economic growth
Despite marginal improvements in some economic indicators, particularly in mining, industry leaders remain cautious.
By Freeman Makopa Jun. 13, 2025
RTG reports sharp rebound in foreign tourist arrivals
Arrivals from the United Kingdom — historically a top European contributor to Zimbabwe’s inbound tourism — grew by 13% in the first quarter of 2025.
By Freeman Makopa Jun. 13, 2025
Pension-funded projects failures: Ipec raises alarm
Munjoma called for the industry to invest in bankable prescribed assets to ensure compliance and to develop project monitoring capacity.
By Gamuchirai Nyamuziwa Jun. 13, 2025
Zim’s cashless push stumbles
This translates to about 12,45 million Zimbabweans, who are now on banking platforms through various systems, including mobile money.
By Mthandazo Nyoni Jun. 13, 2025
Female journalists uproot boys’ club dominance
Participants were trained in financial reporting, political and investigative journalism, fact-checking, and cutting-edge techniques such as AI tools for journalists.
By Harriet Chikandiwa Jun. 13, 2025
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Tourism industry bleeds US$40m in 90 days. . . sector-wide carnage could top US$125 million, imperilling Zim’s GDP
The rout places Zimbabwe’s lofty US$5 billion annual tourism revenue target in serious doubt, as warnings grow over investor flight and stagnating access to finance.
By Shame Makoshori Jun. 6, 2025
ZSE rally masks undervalued stocks
The Zimbabwe Stock Exchange (ZSE) staged a 3% rebound in May, reversing March’s 7% slump, with trading volumes more than doubling to ZiG601 million.
By Mthandazo Nyoni Jun. 6, 2025
Investors flee Lake Kariba’s collapsing eastern shoreline
As operators quietly shift their focus to more stable destinations such as Victoria Falls, industry experts warn that Zimbabwe’s tourism ambitions could be derailed.
By Shame Makoshori and Freeman Makopa Jun. 6, 2025
US$9bn power play: Bold bid to attract investors, reform energy
ZETDC is a unit of national power utlity Zesa Holdings, which distributes electricity.
By Staff Reporter Jun. 6, 2025
State contractors’ payment crisis spirals into job market bloodbath... operators offload 500 workers in three months, says trade union
Zimbabwe Construction and Allied Trade Workers Union (ZCATWU) secretary-general Muchapiwa Mazarura confirmed widespread job losses.
By Shame Makoshori Jun. 6, 2025
No road! Crumbling highway derails Zim’s tourism boom... fortunes lost during Easter rush as govt neglects critical route
The neglect has come at a cost. Lives have been lost — twisted metal carcasses along the highway tell the story.
By Shame Makoshori Jun. 6, 2025
Hyperinflation distorts reality of bank profits, says BAZ boss
There is a perception that banks are making super profits in a distressed economy
By Freeman Makopa Jun. 6, 2025
Govt brokers EU power deals as blackouts unsettle economy
One of the most pressing challenges for local businesses is the persistent power outages caused by an unreliable electricity supply.
By Blessed Ndlovu and Ashton Ndakusiya May. 30, 2025
Battle to protect Vic Falls: Wildlife artist pushes back.....as hospitality firm slaps campaigner with US$2m lawsuit
His critics, however, accuse him of mounting a damaging misinformation campaign — claims he flatly denies.
By Tinashe Kairiza May. 30, 2025
State suppliers plot Treasury showdown at funeral parlour…desperation peaks as firms reel from unpaid government contracts
Their situation has become untenable under the combined weight of a brutal liquidity squeeze and a government launching grand projects beyond its fiscal capacity.
By Shame Makoshori May. 30, 2025
Afreximbank exposes US$2,4 billion hole in Zim external debt
This is not the first time Afreximbank has exposed inconsistencies in Zimbabwe’s debt disclosures.
By Tatira Zwinoira May. 30, 2025
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Refineries under threat as RBZ gulps more forex... Zim’s mining industry suffers under shocking policy overlaps
The mining industry is now paralysed by policy contradictions.
By Shame Makoshori May. 29, 2025
Pension funds require 100 yrs to compensate 2008 victims
Government later instructed the Insurance and Pensions Commission (Ipec) to work with funds to establish compensation mechanisms.
By Mthandazo Nyoni May. 29, 2025