According to a report released by a committee probing the allegations, a further seven were banned for 10 years each, while 37 received five-year bans. Additionally, 25 players were banned for two years, while six were banned for one year.
Eight players were cleared, bringing the total number of cleared players to 48.
While the report did not reveal the identity of the players or officials affected, Zifa are set to announce the names as soon as they have liaised with world football governing body Fifa.
The number of South African-based Zimbabwean players that will be affected by the bans are also still unclear.
Zimbabwean judge Ahmed Ebrahim, chairman of the Asiagate investigating committee, said: “Some of the players whose suspensions were lifted may well find themselves being re-suspended in the future.”
Among the South African-based Zimbabwean players that were being investigated before the announcement of the bans are the likes of Nyasha Mushekwi, Method Mwanjali and Thomas Sweswe.