Lake Kariba boat disaster kills 15

An overloaded ferry capsized on Lake Kariba on August 9, killing 15 and leaving dozens missing.

Lake Kariba boat disaster kills 15

15 confirmed dead and 77 rescued after a DDF boat capsized on Lake Kariba on August 9.

An overloaded District Development Fund boat capsized on Lake Kariba on Tuesday, killing at least 15 people. Rescue teams pulled 77 survivors from the water, with dozens still missing as authorities described the vessel as dangerously overloaded. Kariba MP Shine Gwangwaba confirmed losing his sister and 15 other relatives in the disaster. The boat, named Mbuya Nehanda, carried 95 passengers when a violent wave slammed into it around midday. Emergency crews from the Zimbabwe National Army and police launched a search operation that continued through the night. Lake Kariba has seen several boating accidents in recent years, but this is one of the deadliest on record.

Zimbabwe caps gold incentive at $300m

Zimbabwe caps its gold-buying incentive program at $300 million to manage currency costs.

The government capped its gold-buying incentive program at $300 million through 2026. The program pays gold producers a premium in foreign currency over the official exchange rate, encouraging them to sell to the central bank instead of on the black market. The move comes as Zimbabwe grapples with currency depreciation and a widening gap between official and parallel market rates. The Reserve Bank has not disclosed how much it has spent on the scheme to date.

Zimbabwe approves $1.59bn in new projects

Zimbabwe approved $1.59 billion in new investment projects in Q2 2026, mostly in mining.

Zimbabwe approved $1.59 billion in new investment projects during the second quarter of 2026, with mining and manufacturing accounting for nearly 80 percent of the total. The Zimbabwe Investment and Development Agency said the approvals span lithium extraction and cement production. The country has become Africa's largest lithium producer, attracting Chinese firms and other international miners. Authorities hope the investments will accelerate exports and create jobs, though infrastructure bottlenecks and power shortages remain obstacles. Zimbabwe targets $12 billion in annual mining exports by 2030.

Remittances hit $2.45 billion, UK top source

Zimbabwe's diaspora remittances rose 14% to $2.45 billion in 2025, UK led as top source.

Zimbabwe received $2.45 billion in diaspora remittances in 2025, up 14 percent from the previous year, with the UK overtaking South Africa as the largest source. The central bank reported that remittances now account for over 20 percent of the country's foreign currency inflows, surpassing earnings from tobacco and gold exports. The UK contributed nearly $600 million, reflecting the size of the Zimbabwean diaspora in Britain. South Africa, historically the dominant source, dropped to second place amid tightening immigration laws and economic pressures. Zimbabwe's diaspora population has grown significantly over the past decade.

Mnangagwa extends judge Katiyo probe period

Mnangagwa extended the tribunal inquiry period for High Court judge Never Katiyo.

President Emmerson Mnangagwa extended the tribunal inquiry period investigating High Court judge Justice Never Katiyo over alleged gross misconduct. The extension grants the tribunal more time to review evidence and hear witnesses before submitting its findings. Justice Katiyo faces allegations of leaking a confidential judgment and making improper rulings. The Judicial Service Commission recommended the tribunal in 2025 after receiving multiple complaints. The probe continues.

The Jeere 2026-08-12  ·  stories

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