The Zimbabwe Independent - The Leading Business Weekly

Govt officials loot US$500m in loans

ZIMBABWE’s broke Treasury has failed to account for nearly US$570 million disbursed to unnamed beneficiaries in the form of loans, exposing bad governance, gross mismanagement of public funds and systematic […]
Banks finally go the EcoCash way

This has been a wakeup call for banks which have revised their stance on mobile transfer services. If you cannot beat them, join them.
Tetrad creditors fume over audit delay

TETRAD Investment Bank creditors are fuming over the delay by the Deposit Protection Corporation (DPC) to audit the bank, saying it is prejudicing them, businessdigest has learnt. (more…)
First Mutual Holdings profits surge 1050%

Total direct expenses, comprising claims and commissions, remained flat at US$35,4 million
ZCTU approaches ConCourt over law amendments

In the court application, ZCTU secretary-general Japhet Moyo cited Labour minister Prisca Mupfumira and Attorney-General Prince Machaya as first and second respondents respectively.

Higher and Tertiary Education minister Jonathan Moyo

Moyo shreds Mudenda probe report

FIREWORKS explosively erupted on Wednesday in the Zanu PF politburo, the ruling party’s de facto highest decision-making body between congresses, as party bigwigs clashed over the fate of national political […]

Mnangagwa in the politburo dock

IN a dramatic turn of events triggered by the spectacular backfiring of the current bid by Vice-President Emmerson Mnangagwa and his Zanu PF allies to oust the party’s embattled national […]

World Bank warns Zim over US$1,2bn arrears

THE World Bank has warned Zimbabwe’s debt-ridden government against using vulture funds to clear the country’s arrears with multilateral financial institutions as Harare engages international lenders to access fresh capital.

Confidence major missing link in economic recovery

BUY Zimbabwe is a campaign meant to promote quality, competitiveness, production and consumption of local products and services. The campaign has, however, faced a number of challenges, among them the […]

Politics

US NGO pledges commitment to Africa

AN American non-governmental organisation–the Center for Democracy and technology (CDT)– has expressed interest in increasing its partnerships with advocacy groups and civic society organisations in Africa in order to promote […]

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Zesa shells US$1,3m on cars

THE Zimbabwe Electricity Supply Authority (Zesa) Holdings has purchased 19 top-of-the-range vehicles for its directors and top managers valued at US$1,3 million at a time the struggling parastatal is retrenching […]
Zanu PF politburo bigwigs in fresh row

ZANU PF political bigwigs are on a renewed collision course over attempts to oust the party’s national commissar Saviour Kasukuwere after a heated politburo meeting on Wednesday failed to bring […]
ZCTU drags minister to court

THE Zimbabwe Congress of Trade Unions (ZCTU) has dragged Labour minister Prisca Mupfumira and the National Social Security Authority (Nssa) to court over the withdrawal of its representative from the […]
Zimbabwe to import beef from Namibia

LIVESTOCK farming is now in dire straits, with Zimbabwe looking to import beef from Namibia as the country’s national herd has been severely depleted due to droughts and the foot […]

Business

Govt officials loot US$500m in loans

ZIMBABWE’s broke Treasury has failed to account for nearly US$570 million disbursed to unnamed beneficiaries in the form of loans, exposing bad governance, gross mismanagement of public funds and systematic […]

... Read more

‘Army commanders now trust me’

MDC-T leader Morgan Tsvangirai says the military no longer views him with suspicion and will not stand in the way of democratic change despite being a stumbling block in previous […]
Audit exposes US$2,8m embezzlement at MMCZ

AUDITOR-GENERAL (AG) Mildred Chiri has exposed massive misappropriation of funds at the Minerals Marketing Corporation of Zimbabwe (MMCZ) where huge sums of money exceeding the legally permissible threshold were spent […]
Millions in diamond proceeds siphoned

ANJIN Investments, a joint venture between the Anhui Foreign Economic Construction (Group) Co Ltd (Afec), and Matt Bronze Enterprises — a front for the Defence ministry and the Zimbabwe Defence […]
Cash crisis set to persist

ZIMBABWE’S cash crisis, which began two years ago, is set to persist due to excessive government borrowing. This comes amid growing concerns the central bank’s interventionist measures could crowd out […]
Parastatal losses double annually

STATE-OWNED enterprises and parastatal (SEPs) losses have practically doubled since 2011, with the majority requiring public subsidies and becoming a major drain on the fiscus. This comes as executive compensation […]

Opinion

Mickey mouse president delights in internet cafés

IF any confirmation was needed that the country has turned into an economic joke and a laughing stock, it was provided when President Robert Mugabe opened an internet café in […]

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Mugabe gets away with murder

SOUTH African opposition parties yesterday celebrated after Chief Justice Mogoeng Mogoeng ruled that Speaker of Parliament Baleka Mbete could conduct a vote-of-no-confidence motion in President Jacob Zuma through a secret […]
Roadblocks used as means of extortion

IT is almost a month after President Robert Mugabe ordered the Zimbabwe Republic Police (ZRP) to reduce the number of roadblocks, saying they were becoming an inconvenience to motorists and […]
Economic illiteracy in govt fuelling implosion

THE fake official claims of progress on the ease of doing business reforms got a major reality check last week, with revelations by the United Nations Conference on Trade and […]

Sport

The tragic end of Kasinauyo

THE last six years have seen the demise of quite a number of people I knew well — great personal friends, colleagues and relatives — who have all sadly died […]

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Zim cricket needs Test reinvention

ZIMBABWE might have rejected the proposal at the International Cricket Council (ICC) of a new two-tier system for Test cricket designed to split teams into two leagues but, frankly speaking, […]
Sables seek fresh start

A DEPLETED and underprepared Zimbabwe senior rugby team will be hoping to banish memories of last year’s dismal campaign when they tackle an unpredictable Senegalese side in their opening match […]
The Sables’ West African minefield

THE name Senegal evokes bad memories for Zimbabwean rugby ahead of the two nations’ showdown in Dakar next week. (more…)
Is Zim’s little helping hand worth the risk?

SIKANDAR Raza believes in giving others a chance.He is a beneficiary of one. (more…)
Warriors selection shows ambition

THERE were more pleasing factors from Zimbabwe’s 3-0 win over Liberia on top of the result and performance. (more…)