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1 week ago | 
theindependent.co.zw | Gwynne Dyer |Munyaradzi Madzokere |Mthandazo Nyoni |Tafadzwa Mhlanga
I was just idly looking at the casualty numbers the other day and I noticed that there was something badly wrong with them. This will take a little time and a few stats, but it’s worth staying with it.
The number of civilians killed in Ukraine in three years of war, most of them from rockets, bombs and shells but a small proportion by bullets, is 12 605.
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2 weeks ago | 
thestandard.co.zw | Desmond Chingarande |Jairos Saunyama |Tafadzwa Mhlanga |Ray Ndlovu
My Dear People
The desperation by the dispensation of poverty, darkness and confusion to claim that the outcome of a near total shutdown of the country, due to the protest called by the former ruining party central committee member and war veteran Blessed Geza last week, is proof of the country’s citizens’ support for the Scarfed One was both hilarious and pitiful.
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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 | 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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4 weeks 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 | 
newsday.co.zw | Tafadzwa Mhlanga
THE Insurance and Pensions Commission (Ipec) has reiterated that pension funds must have qualified boards and member representation in decision-making processes as it moves to instil good corporate governance practices in the US$1,7 billion pensions industry.
A board of funds or board of trustees is the governing body responsible for overseeing a pension fund. It ensures that the fund is managed in the best interests of its members and beneficiaries.
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1 month ago | 
newsday.co.zw | Tafadzwa Mhlanga
THE Vendors Initiative for Social Economic Transformation (Viset) has called on the government to engage the constituency on taxation matters rather than criminalising members.
Authorities have ramped up pressure for the informal sector to formalise operations.
The informal sector generates US$14,2 billion annually in revenue, according to the central bank.
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1 month ago | 
thestandard.co.zw | Tafadzwa Mhlanga |Nqobani Ndlovu |Problem Masau |Vanessa Gonye
THE Insurance and Pensions Commission (Ipec) has urged employers to raise their pension contributions to different schemes for employees to have meaningful earnings upon retirement, as some are contributing just US$5 per worker.
Some pensioners are receiving as little as US$60 pension payouts despite the cost of living being estimated at least US$500 a month.
With the increase in volatility of official forex rates over the years, pension payouts are increasingly being eroded in value.
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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.
