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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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4 weeks 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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4 weeks 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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4 weeks 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 | 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.
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1 month ago | 
theindependent.co.zw | Tinashe Kairiza |Freeman Makopa |Julia Ndlela |Tafadzwa Mhlanga
ZIMBABWEAN stakeholders and key players from Ethiopia, Ghana, and Kenya will this year be mobilised by the United Nations Economic Commission for Africa (UNECA) to embrace the agency's Quality of Life Initiative aimed at improving urban living conditions, according to a statement released to this newspaper. This comes in the wake of the rapid growth of urbanisation on the continent, which has presented African governments with challenges in enhancing living standards.
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1 month ago | 
theindependent.co.zw | Julia Ndlela |Tafadzwa Mhlanga |Mthandazo Nyoni |Gamuchirai Nyamuziwa
THE Reserve Bank of Zimbabwe (RBZ) has introduced digital banking and other initiatives aimed at integrating informal sector players into the formal banking system, deputy governor Innocent Matshe said this week. This move comes as the majority of Zimbabwe’s small-to-medium enterprises (SMEs), particularly those in rural areas, remain unbanked. Many startups have also avoided formal banking channels due to ongoing currency volatility, which has destabilised the local unit.
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1 month ago | 
theindependent.co.zw | Linda Munyama |Tinashe Kairiza |Freeman Makopa |Julia Ndlela
The Insurance Council of Zimbabwe (ICZ) says it will host its annual charity golf day on Friday next week in Bulawayo. This year, organisers said they were looking to raise funds for Cure Zimbabwe, a Bulawayo-based organization that provides life changing surgery to children in Zimbabwe who require orthopedic care or plastic such as clubfoot, bowed legs, and knocked knees to children regardless of their economic status.
