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3 weeks ago | 
theindependent.co.zw | Freeman Makopa |Sydney Kawadza |Julia Ndlela |Tafadzwa Mhlanga
HARARE City Council (HCC) is battling to service a crippling US$140 million debt that threatens to shut down its already struggling water treatment plant, the Zimbabwe Independent can reveal. The debt crisis stems from a US$144 million loan deal HCC entered into with China Machinery Engineering Corporation (CMEC) to overhaul its water and sewerage reticulation system, including upgrading the critical Morton Jaffray Waterworks.
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1 month ago | 
theindependent.co.zw | Faith Zaba |Ashton Ndakusiya |Tinashe Kairiza |Freeman Makopa
HARARE residents are understandably outraged by the introduction of three new levies by the City Council, covering public lighting, water infrastructure, and emergency services. At a time when Zimbabweans are already staggering under the weight of one of the heaviest tax burdens in Africa, this move adds insult to injury.
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1 month ago | 
theindependent.co.zw | Gwynne Dyer |Tinashe Kairiza |Freeman Makopa |Julia Ndlela
“JOSEPH Kabila boycotted the election and is preparing an insurrection because he is the AFC,” said President Félix Tshisekedi of the Democratic Republic of Congo last October, and lo!It is coming to pass just as he predicted. But you cannot tell the players without a programme, so a little bit of explanation first. Well, a lot, really. Please be patient. It’s quite a tangled tale.
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1 month ago | 
theindependent.co.zw | Freeman Makopa |Sydney Kawadza |Julia Ndlela |Tafadzwa Mhlanga
THE Zimbabwe Power Company (ZPC) owes Makomo Resources US$6,8 million for unpaid coal supplies, a debt that weighed heavily on the coal miner before it slipped into curatorship in 2021. Corporate rescuer Grant Thornton released Makomo from external administration last month. However, the lingering debt, equivalent to ZiG181 billion at the interbank exchange rate, was one of several unresolved financial obligations.
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1 month ago | 
theindependent.co.zw | Faith Zaba |Ashton Ndakusiya |Tinashe Kairiza |Freeman Makopa
THIS week, the media fraternity mourns the passing of Geoffrey Nyarota, an award-winning Zimbabwean investigative journalist, editor, and media pioneer renowned for his fearless pursuit of truth in a politically hostile environment. He passed away on Sunday after a long battle with colon cancer and kidney disease. He was buried on Wednesday in Nyazura, his rural home.
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1 month ago | 
theindependent.co.zw | Tinashe Kairiza |Freeman Makopa |Julia Ndlela |Tafadzwa Mhlanga
FOR anyone such as Muckraker, who was lucky enough to read George Orwell’s many books, but specifically Animal Farm, and Ken Saro Wiwa’s Prisoners of Jebs, they would certainly find life in this sorry apology for a country a bit tolerable because the experience that they are being made to go through presents an opportunity to live these books.
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1 month ago | 
theindependent.co.zw | Tafadzwa Mhlanga |Ashton Ndakusiya |Tinashe Kairiza |Freeman Makopa
THE Insurance and Pensions Commission (Ipec) has raised concerns that exorbitant service provider fees are depleting pension fund contributions, leaving little to no benefits for members. These providers include administrators (for record-keeping and benefits processing), investment managers (to grow assets through investments), actuaries (to assess financial risks and determine contribution levels), and auditors (to ensure compliance and detect mismanagement).
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1 month ago | 
theindependent.co.zw | Tinashe Kairiza |Freeman Makopa |Julia Ndlela |Tafadzwa Mhlanga
ZIMBABWE’S failure to service approximately US$13 billion in foreign debt has hampered access to a crucial European Union (EU) funding facility designed to address Africa’s energy crisis and support economic recovery, a top EU diplomat has revealed. The country’s total debt burden stands at US$21 billion, owed to both domestic and international creditors, including the World Bank, the African Development Bank (AfDB), and the Paris Club.
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1 month ago | 
theindependent.co.zw | Tinashe Kairiza |Freeman Makopa |Julia Ndlela |Tafadzwa Mhlanga
SOUTH Africa’s premier estate agency, Chas Everitt International Property Group, has expanded into Zimbabwe and will shortly be opening an office in Harare, NewsDay Business can report.
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1 month ago | 
theindependent.co.zw | Tinashe Kairiza |Freeman Makopa |Julia Ndlela |Tafadzwa Mhlanga
HARARE Royal Golf Club captain Audley Chatora enjoyed an all-expenses-paid trip to the recent Investec South Africa Open in Durban, courtesy of the Bard Santner Road to SA Challenge that allowed him to enjoy world-class golfing and hospitality facilities in one of the region's premier tourist destinations.
