Zimbabwe debt will increase to US$9 billion

Zimbabwe external debt, which phenomenally surged to US$7,1 billion in 2009, will shoot by eight percent to US$7,6 billion while the local debt will increase to US$1 billion by the end of 2010, statistics from the International Monetary Fund (IMF) showed last week.

Israeli firm eyes Zimbabwe's power stations

Harare - A power company of Israel was courting Zimbabwe's power giant Zesa Holdings for a possible takeover of operations of its small power stations.

Zimbabweans to take control of white-owned companies

White-owned companies in Zimbabwe are to be forced to hand majority control to black businessmen in a move that could lead to chaos rivalling the seizure of the country's commercial farms.

Good times for Barbours and Greatermans

Good times are rolling for retail shops Greatermans and Barbours as the use of multiple currencies starts to yield real benefits.

Platinum production defying economic crisis in Zimbabwe

Platinum production has continued to increase in Zimbabwe despite the devastating recession that has engulfed the country in the past ten years, it was claimed on Friday (17th July).

Hypocrisy Over Reserve Bank Cars Exposed

The battle between the Ministry of Finance and Reserve Bank over the allocation of cars to MPs has left ministers open to charges of hypocrisy by the legislators as they have more than two vehicles each while trying to block their colleagues in parliament from taking any from the central bank.

Mystery surrounds Mutumwa Mawere and world bank funds

Mystery surrounds the use of a large sum of money that the World Bank paid to United States-based medical practitioner, Dr Arikana Chihombori, for the purpose of developing medical facilities in Kwekwe and Redcliff in Zimbabwe.

Thieves use fake RTGS transactions

Police have advised the public to be wary of criminals who are using new tricks of defrauding people and companies through fake Real Time Gross Settlement RTGS transactions.

Global Fund moves to safeguard money

Government officials in Zimbabwe are unhappy about a decision by the Global Fund to Fight AIDS, tuberculosis and malaria to ditch the National AIDS Council (NAC) as the principal recipient of its existing and future grants and to instead channel funds through the United Nations Development Programme (UNDP).

Zimbabwe govt raises more than $180 Million

Zimbabwe's government has raised more than $180 million from donors in Europe to help pull the southern African nation out of a decade-long recession, Finance Minister Tendai Biti said.