Govt clarifies US$1,9 billion Kuvimba deal
MIF chief executive John Mangudya said the bonds, with a 10-year tenure and a three-year grace period, were issued as a loan from Treasury.
By Mthandazo Nyoni
Apr. 25, 2025
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Union demands transparency in Zesa’s US$350m power deal
Workers are eager to understand their fate once the transaction is finalised.
By Julia Ndlela
Feb. 21, 2025
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
Dec. 22, 2024
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
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Tourism industry bleeds US$40m in 90 days. . . sector-wide carnage could top US$125 million, imperilling Zim’s GDP
Local News
Jun. 6, 2025
Investors flee Lake Kariba’s collapsing eastern shoreline
Local News
By Shame Makoshori and Freeman Makopa
Jun. 6, 2025
State contractors’ payment crisis spirals into job market bloodbath... operators offload 500 workers in three months, says trade union
Local News
Jun. 6, 2025
