News

The former majority shareholder of Telecel Zimbabwe, Vimpelcom, which sold its stake to the government for $40 million this month, is reportedly in talks to pay about $775 million to…

The Zimbabwe government overspent by 25 percent in the eight months to August, with the cost of foreign travel skyrocketing, while revenue collection missed targets due to poor economic performance,…

The Member of Parliament for Mazowe South Fortune Chasi, a former Deputy Minister of Justice, says directors of banks that collapse should be charged because they are essentially looting ordinary…

The Administrative Court has barred Econet, the country’s largest mobile phone operator, from increasing tariffs from the current 15 cents a minute to 21 cents. The country’s mobile phone operators-…

Zimbabwe’s telecoms regulator says mobile money transfers have grown nearly 30 percent to $512 million in the three months to September while revenue in the sector dropped three percent. The…

NMB Bank says it has received lines of credit for $60 million from six different funders this year and is negotiating for another $40 million to bolster its lending capacity.…

Buhera South Member of Parliament Joseph Chinotimba has called on legislators to forget their political differences and unite to investigate corruption at the Premier Services Medical Aid Society where the…

Zimbabwe African National Union-Patriotic Front Secretary for Administration Ignatius Chombo has complained that the party has been infiltrated by what he calls Nothing-At-all-but-Talk-Only elements (NATOs) whom he said were divisive…

Zimbabwe’s trade deficit narrowed by 29 percent to $279.7 million in October as exports rose slightly, latest data from the national statistics agency has shown. The Zimbabwe National Statistics Agency…

Mabvuku-Tafara legislator James Maridadi says 75 percent of Zimbabwe’s problems are due to corruption but the government is doing nothing about it. Instead the courts are prosecuting petty thieves like…