City Businessman in Rape Storm
By Staff Reporter Harare – Innocent Mangwendeza, a 29-year-old Harare businessman, is scheduled to appear in court on 26 March on charges of allegedly forcing a former female employee to have sex with him while holding her hostage for months. Mangwendeza, who runs Tiwiss Hardware, was reported to Borrowdale Police Station by his alleged […]
ZINARA announces it disbursed 88% of revenue to councils for road maintenance projects
By Staff Reporter Harare – The Zimbabwe National Road Administration (ZINARA), the agency responsible for collecting fuel levies, vehicle licensing, and toll fees on the country’s major highways, has announced that it disbursed ZWG 4.7 billion (approximately US$224.9 million) to local authorities in 2024 for road maintenance. This amount represents 88% of the total funds […]
Govt, T10 Global Sports Partnership Spurs Green Energy Investment in Zimbabwe
By Staff Reporter Harare – A strategic partnership between the Zimbabwean government and T10 Global Sports, aimed at unlocking investment opportunities, has drawn significant interest from Dubai-based investors eager to construct a solar power plant in the country. The proposed solar facility is anticipated to create much-needed formal sector employment, bolster the government’s Presidential […]
Sugar producer Triangle to retrench workers citing rising operational costs
By Staff Reporter Chiredzi – One of Zimbabwe’s largest sugar producers, Triangle Limited, has announced plans to retrench an undisclosed number of employees next month. The company will implement a three-phased retrenchment program, driven by rising operational costs, currency depreciation, and increased competition from low-cost, duty-free imported sugar. These challenges have led to the difficult […]
ZCTU declares 2024 a “horrible year” for workers
By Takudzwa Changadeya Harare – The Zimbabwe Congress of Trade Unions (ZCTU) has described 2024 as a “difficult year for workers,” calling it an “annus horribilis” due to the severe challenges faced by Zimbabwean workers. In a Christmas and New Year message released on December 20, the ZCTU lamented the lack of improvements in workers’ […]
Biti slams Mutapa Fund as “backdoor privatisation,” warns of resource mismanagement
By Takudzwa Changadeya Harare – Former Finance Minister Tendai Biti has sharply criticized Zimbabwe’s Mutapa Investment Fund (MIF), accusing it of enabling “backdoor privatisation” of the country’s key state-owned enterprises while lacking accountability and oversight. The Mutapa Investment Fund, formerly known as the Sovereign Wealth Fund of Zimbabwe, has been the center of several controversies […]
Zimbabwe introduces “fat tax” and gambling levies as government seeks new revenue streams
By Staff Reporter Harare – Finance Minister Mthuli Ncube unveiled a series of new taxes on Thursday, including a “fast food fat tax,” levies on betting winnings, and stricter tax compliance measures for small businesses, as the government seeks innovative ways to boost revenue amid fiscal challenges. In his 2025 national budget statement, Ncube […]
Vice president Chiwenga officially opens Regional Construction Industry
By Staff Reporter Harare – Vice president Constantino Chiwenga, on Thursday morning officially opened the innagural Regional Construction Summit in Victoria Falls. Hosted by Zimbabwe Builders Construction Association (ZBCA), the summit has attracted delegates from across the region, amongst them are representatives from South Africa and Zambia construction associations members. Runnimg under the theme Leveraging […]
Zimbabwe’s power crisis casts shadow over national budget presentation
By Staff Reporter Harare – President Emmerson Mnangagwa exited the New Parliament Building in darkness after attending the 2025 National Budget presentation by Finance Minister Mthuli Ncube. The blackout occurred as Ncube concluded his budget speech in Mt Hampden, just outside Harare. The outage, which plunged the entire Parliament precinct into darkness, highlighted […]
National Foods moves to delist from VFEX amidst liquidity challenges
By Business Correspondent Harare – National Foods, the nation’s leading food producer, has announced its intention to delist from the Victoria Falls Stock Exchange (VFEX). The decision comes as the company no longer requires additional capital from public equity markets. The VFEX, launched in 2020, was initially envisioned as a platform for companies to raise […]
