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ZB Bank secures US$5 million Afreximbank facility
ZB Bank Limited has secured a US$5 million loan facility from the African Export-Import Bank (Afreximbank), aimed at supporting small and medium enterprises (SMEs) in Zimbabwe, particularly those enga...Published: 30 Jun 2025 at 13:07hrs | 126 | by Staff reporter
'Banks refuse to make salary payments on behalf of Zimbabwe govt'
A dramatic financial crisis has hit Zimbabwe's civil service as banks have reportedly withheld payments for thousands of public sector workers' salaries, citing the government's inability to meet its ...Published: 03 Dec 2024 at 09:58hrs | 12998 | by Staff reporter
Breakthrough as 720MW Titan Power Plant Project scheduled for December 2 launch
A ground-breaking ceremony for the 720MW Titan Power Plant Project is scheduled for 2 December 2024 at Hwange Power Station, marking a pivotal moment in Zimbabwe's quest for energy self- sufficiency. ...Published: 29 Nov 2024 at 14:39hrs | 2111 | by George Tshuma
Retail outlets closes amid ZWG fluctuation
The recent spate of closures among prominent retail outlets in Zimbabwe has prompted Parliament to demand an explanation from Finance Minister Mthuli Ncube. The closures, attributed to the ongoing eco...Published: 05 Nov 2024 at 08:25hrs | 7835 | by Staff reporter
Mukwasha Chiwenga in Math-South improvements. Is development holistic?
Whatever development VP Chiwenga is bringing in Matabeleland South, that should never be interpreted as "Mukwasha inzunza". School children especially benefit from good and safe schools, health care f...Published: 04 Oct 2024 at 12:27hrs | 2080 | by Nomazulu Thata
Mr Kudzai Mutisi, the German 'Economic wonder' after the WW2 had multiple favourable factors!
I am writing this article as a reply to your article you wrote last week: My article is not in any way or form critiquing your own but including factors that must be known, but, however, adding to wha...Published: 20 Mar 2024 at 20:53hrs | 9 | by Nomazulu Thata
Chiwenga's wedding was a political statement
HIGH-PROFILE weddings, especially those of the rich, famous and powerful - very important persons (VIPs) - are renowned worldwide for their grandeur, luxury and vibrant celebrations.These ausp...Published: 27 Dec 2023 at 17:26hrs | 83 | by Staff reporter
Zimra to roll out new tax admin system
THE Zimbabwe Revenue Authority (ZIMRA) is set to introduce a new tax system next month in a bid to revolutionise the tax administration terrain in the country through an efficient, effective, and easy...Published: 20 Sep 2023 at 06:24hrs | 4 | by Staff reporter
Chiwenga says Mnangagwa deserves another term
VICE-PRESIDENT Dr Constantino Chiwenga yesterday implored the electorate to vote for President Mnangagwa in the August 23 harmonised elections as he has religiously fulfilled the promises he made when...Published: 03 Aug 2023 at 06:44hrs | 17 | by Staff reporter
Rogue traffic enforcers undermining business in Zimbabwe
FORMERLY known as an opulent suburb, Harare's Borrowdale area is gradually transforming into a commercial hub, not only for the city but the entire Zimbabwe.With its peace and flamboyance, Bor...Published: 23 Jul 2023 at 08:34hrs | 3 | by Staff reporter
More support to grow Zimbabwe's small mining sector
SMALL-SCALE miners are at the centre of economic development in the country and Government will do everything possible to support them and improve their operating environment, President Mnangagwa has ...Published: 29 Jun 2023 at 06:25hrs | 13 | by Staff reporter
Zimbabwe to woo capital markets investors in London
ZIMBABWEAN government officials and corporate leaders are gearing for a major capital markets conference in London, United Kingdom, during the last week of next month to mobilise private capital to fi...Published: 08 Mar 2023 at 05:27hrs | | by Staff reporter
'Govt to regulate omakorokoza'
GOVERNMENT has decided to formalise artisanal mining to regulate its activities and plug leakages costing the country millions of dollars in revenue, Mines minister Winston Chitando has indicated....Published: 22 Nov 2022 at 04:55hrs | 1 | by Staff reporter
Rolling power blackouts hit Zimbabwe
THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has announced a nationwide load shedding regime, which began Monday and will last up until Friday.ZETDC, a subsidiary of ...Published: 15 Sep 2022 at 21:29hrs | 2 | by Staff reporter
Zanu-PF holds business symposium
Zanu-PF Harare Province has held a business symposium aimed at communicating and equipping its members with knowledge on the developments being undertaken to the Second Republic led by President Mnang...Published: 20 Jul 2022 at 06:35hrs | 3 | by Staff reporter
Mpopoma factory creates 400 jobs
WHILE several established Bulawayo companies struggle to keep afloat citing numerous challenges, a small-to-medium scale furniture enterprise in Mpopoma is basking in solid growth and is now focused o...Published: 21 Jun 2022 at 06:39hrs | 5 | by Staff reporter
Govt tops pension defaulters list
STATE enterprises and parastatals top the list of 50 employers paying their former workers measly pensions, while owing the Insurance and Pensions Commission (Ipec) $5,3 billion in pension contributio...Published: 09 Jun 2022 at 06:41hrs | 5 | by Staff reporter
Zweli Mkhize irks Ramaphosa's boot lickers
The ANC's veterans' league and party national executive committee (NEC) members have warned party members, including embattled former health minister Zweli Mkhize, against making declarations of willi...Published: 23 May 2022 at 08:20hrs | 6 | by Staff reporter
Mnangagwa says net closing in on economic saboteurs
INVESTIGATIONS are underway to expose the third hand that could be working with some big companies to destabilise the economy, President Mnangagwa has said.This comes as the Government has int...Published: 20 May 2022 at 06:27hrs | 2 | by Staff reporter
Mnangagwa guns for economic hitmen
PRESIDENT Emmerson Mnangagwa's administration has launched a massive clampdown on some big corporates suspected of conniving with local banks to borrow billions of Zimbabwean dollars which they used t...Published: 13 May 2022 at 19:14hrs | 1 | by Staff reporter
Govt cracks down on speculators
GOVERNMENT is clamping down on big corporates, which borrowed billions of Zimbabwe dollars and used the money for speculative activities while taking advantage of exchange rate movements to push up pr...Published: 13 May 2022 at 19:02hrs | 4 | by Staff reporter
Bank lending freeze targets big corporates enjoying 'arbitrage profits'
HARARE - The Zimbabwe government is clamping down on big corporates which borrowed billions in Zimbabwean dollars and allegedly used the money for speculative activities.Authorities say the co...Published: 13 May 2022 at 14:50hrs | 73 | by Staff Reporter
Mnangagwa to copy Putin's currency strategy
Zimbabwe's President Emmerson Mnangagwa is trying to emulate Russian President Vladimir Putin in his attempt to revive Africa's worst performing currency. Mnangagwa's administration may announ...Published: 03 May 2022 at 06:43hrs | 1 | by Staff reporter
Mnangagwa barking up wrong tree
PRESIDENT Emmerson Mnangagwa launched the first of a series of victory rallies in Epworth at the weekend, and is earmarked to cover the entire country to ostensibly thank those who voted for the rulin...Published: 25 Apr 2022 at 09:02hrs | 2 | by Staff reporter
Flouting the RBZ interbank rate by Big companies
Dear Editor, I am surprised by the manner in which some companies are left flouting the interbank rate and yet the Governor ignores them just like that!Is he sincere in his talk t...Published: 24 Nov 2021 at 07:11hrs | 10 | by Wilfred Mazani
Bankers plan to establish a new financial behemoth
ON 3 September 2021, The NewsHawks exclusively published a story that government, bankers and investors, including local business tycoon Kudakwashe Tagwirei, are working on a plan to create the bigges...Published: 13 Nov 2021 at 17:45hrs | 13 | by Staff reporter
CBZ swoops on FML shares as new financial group emerges
CBZ Holdings, currently trading under cautionary, has secured a 31.22% stake in First Mutual Holdings Limited (FML), paving the way for the creation of a US$2.5 billion financial behemoth to rival Old...Published: 13 Nov 2021 at 17:38hrs | 15 | by Staff reporter
'Arresting executives will destabilise market'
THE Confederation of Zimbabwe Industries (CZI) yesterday warned against the arrest of business leaders over alleged currency violations saying this will sour relations between government and business ...Published: 14 Oct 2021 at 06:24hrs | | by Staff reporter
RBZ must keep tight lid on forex auction system
FOR a while the Reserve Bank of Zimbabwe (RBZ) has been "availing" United States dollars to businesses at a capped auction rate.This means RBZ funds are the cheapest as they are availabled at ...Published: 13 Oct 2021 at 06:12hrs | 1 | by Ndebele
Big Zimbabwean companies are fingered in forex fiddle
TOP executives and directors from up to 20 big companies face imminent arrest following a Reserve Bank of Zimbabwe (RBZ) investigation into massive multi-million-dollar fraud involving the country's f...Published: 08 Oct 2021 at 18:58hrs | 15 | by Staff reporter
Mthuli, Mangudya target Innscor over iIllegal forex rates
THE Reserve Bank of Zimbabwe (RBZ) and Finance Minister are investigating Innscor and other companies using illegal exchange rates of as high as US$1: $200.This follows a public outcry Wednesd...Published: 07 Oct 2021 at 18:25hrs | 6 | by Staff reporter
Forex blackmarket: More arrests loom
More people illegally dealing in foreign currency will soon be arrested and more financial institutions charged as Government cracks the whip against those driving and manipulating the black market de...Published: 07 Oct 2021 at 07:01hrs | 8 | by Staff reporter
Who is behind forex dealers?
NO matter how well-meaning and determined, the Reserve Bank of Zimbabwe (RBZ) could be towards uprooting rampant delinquency in the economy, the effort may count for nothing if other institutions are ...Published: 05 Oct 2021 at 06:38hrs | 3 | by Nathan Gurira
Sanctions are real, but we're shooting ourselves in the foot
No matter how well-meaning and determined the Reserve Bank of Zimbabwe (RBZ) could be towards uprooting rampant delinquency in the economy, the effort may count for nothing if other institutions that ...Published: 05 Oct 2021 at 06:32hrs | | by Nathan Gurira
Mnangagwa made people to stop dreaming
SINCE November 17 2017, we were all hop-ing to see a big improvement. We were all dreaming big. Dream-ing of buying nice clothes so that we look presentable, buying medium-class cars, running big busi...Published: 11 Sep 2021 at 13:07hrs | 14 | by Farai Chirongera
Stop confusion over fees hikes
IT is not only shocking but disappointing that the Primary and Secondary Education ministry issued a "directive" that schools may only effect a 33% fee increase for the second term because the term is...Published: 11 Sep 2021 at 12:43hrs | 16 | by Kurai Dapi
I'm here to empower every woman, says Sandra Ndebele
Artiste and businesswoman, Sandra Ndebele-Sibindi, who was at the weekend appointed Bulawayo's representative for Young Women for Economic Development, has said she will work hard to ensure that women...Published: 24 Aug 2021 at 06:29hrs | 1 | by Staff reporter
Marabini says extended lockdown exposed fly-by-night artistes
SEASONED Afro-pop singer Jeys Marabini says the extended COVID-19-induced lockdown has weeded out fly-by-night musicians, leaving real artistes standing their ground despite loss of income.In ...Published: 13 Aug 2021 at 06:55hrs | 2 | by Staff reporter
Apostolic sect sets condition for COVID-19 vaccines
MEMBERS of the apostolic sect have said they were ready to be vaccinated against COVID-19, but the government should bring the programme right at the shrines to speed up the process.Speaking o...Published: 07 Aug 2021 at 07:14hrs | 3 | by Staff reporter
ZCTU: Get vaccinated or get out of work
THE Zimbabwe Congress of Trade Unions (ZCTU) has threatened to sue the government for its "no-jab-no-work" policy which bars any unvaccinated civil service and parastatal worker from entering governme...Published: 30 Jul 2021 at 07:36hrs | 11 | by Nevanji Madanhire
Zimbabwe yet to enact laws to curb mineral smuggling
WHILE deliberations continue over joining an international group formed to reduce corruption in mining countries, Zimbabwe continues to lose billions of dollars from the smuggling of extracted resourc...Published: 14 Jul 2021 at 09:35hrs | | by Staff reporter
MPs call govt to order
LEGISLATORS from across the political divide yesterday teamed up in condemning the government sanctioned demolitions, describing them as an open war against citizens, particularly informal traders....Published: 17 Jun 2021 at 06:12hrs | 2 | by Staff reporter
Zimdollar trades unchanged
The Zimbabwe dollar will this week trade largely unchanged against the US dollar at $84,76 from $83,72 last week following yesterday's Reserve Bank of Zimbabwe (RBZ) foreign currency auction, as use o...Published: 02 Jun 2021 at 07:04hrs | 2 | by Staff reporter
The impact of Covid-19 on grassroots football in Zimbabwe
Zimbabwe football as a whole has been in decline since the standard of living became unbearable as early as 2008 during Mugabe's era. ...Published: 04 Apr 2021 at 19:11hrs | 6 | by Lord Morris Kakunguwo
'Vaccination will guarantee achieving vision 2030' said Mnangagwa - it's idiotic 'Kurotomoka!'
"The National covid-19 Vaccination Programme will further guarantee a Zimbabwe that continues on its course to achieve Vision 2030. We are determined to emerge out of this pandemic with greater capabi...Published: 17 Mar 2021 at 08:38hrs | 2 | by Nomusa Garikai
Mnangagwa's associates under fire from the public over Chilonga land seizure
OUTRAGE is growing over government's plan to displace over 12 500 villagers in the Chilonga area of Chiredzi to accommodate President Emmerson Mnangagwa's cronies at Dendairy.Darren Coetzee, D...Published: 06 Mar 2021 at 08:04hrs | 25 | by Staff reporter
Forex demand in upward trajectory
Demand for foreign currency on the auction platform is showing an upward trajectory with 540 valid bids receiving their allotments with SMEs hitting a record total allotment of over US$3,1 million. ...Published: 03 Mar 2021 at 06:12hrs | | by Staff reporter
Zimdollar remains steady
THE Zimbabwean dollar remains steady against the United States at 1:83 this week with the Reserve Bank of Zimbabwe (RBZ) saying it has resolved the issue of delayed settlement of foreign currency auct...Published: 24 Feb 2021 at 17:01hrs | | by Staff reporter
RBZ resolves auction payment glitches
The Reserve Bank of Zimbabwe (RBZ) says it has resolved the delayed settlement of foreign currency auction payments that occurred at the end of last year, as the authorities continue to refine the sys...Published: 24 Feb 2021 at 05:44hrs | | by Staff reporter
Increased demand for US$ on black market
An increase in US$ demand on the parallel market has seen the rate shifting upwards although it remains range bound. Rates are being quoted from $105 to $120 with demand mostly coming from small trade...Published: 08 Dec 2020 at 18:27hrs | | by Staff reporter
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