MPs demand answers over US$16b fund

Dzivaresekwa legislator Edwin Mushoriwa noted the significant financial risks associated with the Fund, given the government's substantial loans to Mutapa and the potential for losses.
By Harriet Chikandiwa 3h ago

Mutapa fund to engage CSC creditors

The government terminated the agreement, signed five years ago, after Boustead failed to meet contractual obligations.
By Blessed Ndlovu Nov. 8, 2024

Govt in third attempt at US$4bn pipeline

Attempts fell through due to complex inter-governmental negotiations and approval delays from Mozambique, sources said in separate briefings.
By Tinashe Kairiza and Julia Ndlela Nov. 1, 2024

Mutapa set to restructure Zesa Holdings

Zimbabwe’s power plants have capacity to generate 2 200MW, but were yesterday generating 1 011MW.
By Priviledge Gumbodete Oct. 16, 2024

Troubled Zupco to dispose of old buses

Critics say Zupco collapsed as an efficient urban transport company largely because of mismanagement and corruption.
By Nhau Mangirazi Sep. 29, 2024

Mutapa Fund clinches US$350m power deal

Large corporations have reported spending up to US$300 000 per month on fuel, further driving up production costs.
By Freeman Makopa Sep. 27, 2024

Mutapa funding to be directed to public services, infrastructure

Due to burgeoning debt, the country now had an annual financing gap of US$3,7 billion, according to the African Development Bank.
By Tafadzwa Mhlanga Sep. 25, 2024

‘Build credibility with global lenders’

ZIMBABWE needs to prioritise restoring credibility with international financiers to drive economic growth, the Mutapa Investment Fund (MIF) has said.
By Tafadzwa Mhlanga Sep. 13, 2024

Mutapa makes appointments in 6 boards

At Zesa Holdings, Mangudya retained executive chairperson Sydney Gata, who will be deputised by insurance encyclopedia Albert Nduna.
By Melody Chikono Sep. 11, 2024