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Cereal imports ban looms in Zimbabwe
The Ministry of Lands, Agriculture, Fisheries, Water and Rural Development has recommended a ban on cereal imports in a move aimed at boosting the local grain market and strengthening Zimbabwe's food ...Published: 19 May 2025 at 09:18hrs | 396 | by Staff reporter
Mutapa clarifies Kuvimba's US$1,9 billion acquisition
The Government of Zimbabwe has provided clarity on the funding structure used for its acquisition of a 35 percent stake in Kuvimba Mining House (KHM), the country's largest mining asset, by the Mutapa...Published: 25 Apr 2025 at 07:40hrs | 381 | by Staff reporter
ZiG devaluation amid rising gold prices raises lots of questions
Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi faced tough questions in Parliament on Wednesday regarding the recent devaluation of the Zimbabwe Gold currency (ZiG) despite soaring ...Published: 18 Oct 2024 at 08:47hrs | 263 | by Staff reporter
Businessman takes US$19,5m claim to Supreme Court
AL Shams Global BVI Ltd, a company owned by businessman Jayesh Shah, has filed an appeal at the Supreme Court seeking to reverse a High Court judgment which dismissed a US$19,5 million damages claim f...Published: 23 Nov 2023 at 05:37hrs | 3 | by Staff reporter
Consider paying Zimbabwe civil servants in gold coins'
Government has been urged to explore the feasibility of paying a portion of civil servants' salaries in gold-backed digital tokens and gold coins.The tokens have proven to be effective in mopp...Published: 12 Jul 2023 at 08:15hrs | | by Staff reporter
Smaller gold coins trading begins
THE Reserve Bank of Zimbabwe (RBZ) yesterday opened doors for members of the public to walk into any local bank and registered agencies to purchase smaller units of Mosi-oa-Tunya gold coins as an alte...Published: 16 Nov 2022 at 05:13hrs | | by Staff reporter
Zimbabwe starts disbursement of 4 500 small gold coins
THE Reserve Bank of Zimbabwe (RBZ) will tomorrow start disbursing 4 500 smaller units of Zimbabwe's Mosi-oa-Tunya gold coins to banks ahead of planned release of the bullion coins in the market on Tue...Published: 10 Nov 2022 at 04:54hrs | 2 | by Staff reporter
Zimbabwe gold coin out today
The Reserve Bank of Zimbabwe (RBZ) will release the Mosi-oa-Tunya gold coins onto the market today and they will be sold in local currency, US$ and other foreign currencies.Their price is base...Published: 25 Jul 2022 at 06:27hrs | 1 | by Staff reporter
Zimbabwe gold coins to be held for at least 180 days
Individuals and institutional buyers of Reserve Bank of Zimbabwe (RBZ's) gold coins will be required to hold them for at least 180 days before selling while exporters earning less than a million US do...Published: 20 Jul 2022 at 06:34hrs | 17 | by Staff reporter
RBZ dismisses gold coin rumours
The Reserve Bank of Zimbabwe on Thursday dismissed as "fake news", social media content alleging that gold coins were already available ahead of their official release date.The central bank an...Published: 07 Jul 2022 at 20:13hrs | 2 | by Staff reporter
Cost of Zimbabwe gold coins to be based on international prices
THE Reserve Bank of Zimbabwe (RBZ) is set to commence the trading of gold coins this month in a bid to introduce an alternative store of value in the market amid optimism that the coins will impact th...Published: 05 Jul 2022 at 21:06hrs | 1 | by Staff reporter
Gold coins to be sold in Zimdollars
THE Reserve Bank of Zimbabwe (RBZ) says its planned gold coins, to be introduced as an alternative investment option and inflation hedge on July 25, will be traded in both Zimbabwe dollars and foreign...Published: 05 Jul 2022 at 07:03hrs | | by Staff reporter
Trevor Ncube says was ‘wrong' to back Mnangagwa, renews Chamisa criticism
Alpha Media Holdings (AMH) owner Trevor Ncube has admitted he was "wrong" to assume President Emmerson Mnangagwa would govern better than Robert Mugabe.Ncube, one of Mnangagwa's biggest cheerl...Published: 30 Mar 2022 at 11:49hrs | 1 | by Staff reporter
Sanctions: The unfair comparison between Zimbabwe and Rhodesia
MANY Zimbabweans often bring up the comparison between Rhodesian and Zimbabwean sanctions to drive the narrative that Rhodesia had more stringent sanctions that they managed better than Zimbabwe is ma...Published: 11 Jun 2021 at 06:35hrs | 6 | by Rutendo Bereza Matinyarare
FSG speaks on fertiliser deals
Farming inputs manufacturer, Fertiliser Seed Grain (FSG), this week said it has fulfilled its contractual obligations with the Government, dismissing recent claims that it was paid US$400 million with...Published: 29 Aug 2019 at 07:36hrs | | by Staff reporter
Mthuli Ncube to unveil new measures
Finance and Economic Development Minister Mthuli Ncube is today expected to present his 2019 Mid-Term Budget Review Statement, amid high expectations for measures to improve disposable incomes, boost ...Published: 01 Aug 2019 at 09:13hrs | | by Staff reporter
Scrapping US$ as legal tender will 'cushion' against US$ pricing – imposing rotten Z$ will stifle trade
Zimbabwe scrapped the Z$ in November 2008 and introduced the basket of multi-foreign currency for one very good reason - it had become impossible to do business in Z$. Because of the hyperinflation, t...Published: 25 Jun 2019 at 16:14hrs | 2 | by Patrick Guramatunhu
BREAKING: Mphoko's bank account exposes he owns only 7% of Choppies
The fight for the control of Choppies Zimbabwe between Former Vice President Phelekezela Mphoko and his Botswana counterparts has once again taken a twist like a movie script with the Botswana b...Published: 11 Dec 2018 at 17:05hrs | 1 | by Mandla Ndlovu
PHOTOS: Mphoko reveals Choppies 'V11s'
Former Vice President Phelezela Mphoko's daughter Siduduzo Mphoko has supplied us with the evidence that supports the Mphoko family claim that under Nanavac Investments they hold 51% of Choppies Zimba...Published: 10 Dec 2018 at 20:04hrs | 1 | by Mandla Ndlovu
Mphoko to lose all Choppies shares
Former vice President Phelekezela Mphoko and his son Siqokoqela Mphoko are bound to lose all the shares they hold in Choppies Zimbabwe if they continue fighting their Botswana partners, we can r...Published: 10 Dec 2018 at 09:59hrs | 1 | by Mandla Ndlovu
Choppies exposes how they bribed Mphoko
A BOTSWANA company currently involved in a fierce ownership tussle for retail chain store, Choppies, has made shocking revelations on how former Vice President Phelekezela Mphoko was both bribed and u...Published: 10 Dec 2018 at 07:55hrs | 1 | by newzimbabwe
Mnangagwa must just bite the bullet
As Zimbabwe's economy continues to come apart at the seams, experts say it is time for President Emmerson Mnangagwa and his dithering lieutenants to bite the bullet and make the requisite changes need...Published: 02 Oct 2018 at 15:37hrs | | by Staff reporter
Mphoko would not accept a hostile takeover bid
THE battle for the ownership and control of supermarket chain Choppies Zimbabwe - on paper owned 51% by Nanavac Investments run by former vice-president Phelekezela Mphoko's family and 49% by Botswana...Published: 06 Jul 2018 at 16:25hrs | 2 | by Staff reporter
Balancing change and consolidating the gains of independence
The 2018 harmonized elections which are due in a few months could have proved to be a difficult balancing act for sober minded Zimbabweans who understood the need to move away from the era of former p...Published: 18 May 2018 at 16:18hrs | | by Mapozho Saruchera
President Mnangagwa and the white Zimbabwean
Zimbabweans on the 24th of November witnessed the swearing in of a new head of state for the first time in 37 years since indipendence from Britain.His Excellence President ED Mnangagwa was swor...Published: 25 Nov 2017 at 07:33hrs | | by Conilious Toga
Yes. It's a coup, a genocidal political cleansing
Yes. It is a coup. Not against but about Robert Mugabe and his power. More than that it is a genocidal political cleansing. A political faction in the ruling party, a faction that cannot win a war of ...Published: 17 Nov 2017 at 13:27hrs | 4 | by Dinizulu Mbikokayise Macaphulana
Coca-Cola to buy back African bottling venture stake
Coca-Cola Co has reached a deal to buy Anheuser-Busch InBev's majority stake in their African bottling venture for $3,15 billion and hold onto it until it finds a new owner, the companies said....Published: 22 Dec 2016 at 13:14hrs | | by Staff Reporter
The bond notes will fail in the same way the Zimdollar
.....and the bearers' cheque failed The Zimbabwe dollar that was inherited from the Rhodesian government in 1980 with the exchange rate of one to one w...Published: 29 Nov 2016 at 21:13hrs | | by Themba Mthethwa
Tendai Biti, a very small man masquerading as leader of a political party
As I write this piece, I am reminded of one Dennis Brutus and his "Gore'e". "Gore'e" is a poem about an island off Senegal by that name, an island from where Africans were loaded into ships for slaver...Published: 05 Dec 2015 at 07:36hrs | 2 | by Nathaniel Manheru
The illusionary Dangote dream
Since the past week the media has been awash with news about the Nigerian billionaire Aliko Alhaji Dangote coming to Zimbabwe and his intentions of investing USD3 Billion in the cement industry and wh...Published: 06 Sep 2015 at 21:14hrs | 1 | by Thuto Mavula, ZAPU Youth Front President
'The Robert Mugabe I know'
I first heard about Mugabe around 1962 when he was in the National Democratic Party. I didn't get to meet him though; I just heard about him.I had been expelled from Hodgson Technical College ...Published: 23 Feb 2015 at 12:27hrs | | by Mnangagwa interview
Indigenisation Act to be amended
In a major climb-down, the Government is in the process of reviewing the indigenisation and empowerment policy to facilitate sector-specific implementation. The developments will be viewed as ...Published: 25 May 2014 at 07:35hrs | 1 | by Staff Reporter
Econet has invested $1.2bn in Zim since inception
Econet Wireless Zimbabwe has revealed that it has invested $1.2 billion in the Zimbabwean economy since the country's largest telecommunications company was started 15 years ago, with at least $1bill...Published: 01 Nov 2013 at 02:52hrs | 1 | by Business reporter
Apple Inc's results disappoint despite selling 33.8 million iPhones
Apple Inc's profit and margins slid despite selling 33.8 million iPhones in its September quarter, and greater China revenue climbed just 6 percent even though two smartphone models hit store shelves ...Published: 29 Oct 2013 at 02:38hrs | 1 | by Reuters
CBZ Holdings to buy back 7,7m shares
CBZ Holdings intends to buy back over 7,7 million shares from close to 10 000 of the group's minority shareholders through a facility in which the stockholders sell the stock at no cost. Unde...Published: 25 Oct 2013 at 05:20hrs | | by Staff reporter
Malaysian based private equity fund snaps up CBZ shares
A cash-rich Malaysian-based private equity fund has snapped more than a tenth of CBZ Holdings issued shares in a special bargain deal worth US$8,3 million.A special bargain occurs where buyers...Published: 18 Aug 2013 at 15:02hrs | 1 | by Staff reporter
My take on Zanu-PF's Manifesto by Tendai Biti
I trust you are holding out in these difficult times. As the great one wrote, it is a long walk to freedom.They are still executing their sick and ill thought plan of stealing this election t...Published: 16 Jul 2013 at 13:48hrs | 3 | by Tendai Biti
GB Holdings secures $1 million funding
GB Holdings managed to secure $1 million funding for raw materials from CABS and the firm is still engaging other possible funders "to get the company to go", managing director Wilbroad Tsuroh told th...Published: 26 Jun 2013 at 11:56hrs | 1 | by Business reporter
Delta Corporation wants to buy back its shares
DELTA CORPORATION, the country's largest company in value terms, will seek shareholders' approval at the next annual general meeting to buy back at least 10 percent of its issues ordinary share capita...Published: 25 Jun 2013 at 18:25hrs | | by Business reporter
ZPI reports a 38% increase in profits
ZPI reported a 31% increase in operating profit to $1.55 million in the five months to May and a bottom-line of $1.38 million largely boosted by the Tynwald project sales.CE Edson Muvingi told...Published: 19 Jun 2013 at 17:53hrs | | by finx
Afre profits decline in 4 months to April
Afre reported a decline in profitability in the four months to April but the group is on course to post a surplus at the end of the financial year, CE Doug Hoto told the AGM this morning.Gross...Published: 05 Jun 2013 at 04:57hrs | | by Financial Express
ZSE: Industrials snaps 6-day rising streak at week's opening
ZSE shares opened the week lower as Industrials snapped a 6-day rising streak after giving in to losses in Econet and Innscor ...Published: 13 May 2013 at 12:03hrs | 2 | by Business reporter
Apple Inc lays groundwork for first debt sale eve
LONDON - Apple took initial steps Monday for what would be its first debt sale ever, as the U.S. computer giant lays the groundwork for what would be one of the most anticipated bond sales of th...Published: 30 Apr 2013 at 05:35hrs | 22 | by Tech Reporter
Delta Beverages beer sales surge
DELTA Corporation held its AGM earlier today, where in a trading update to shareholders it continued to reflect a strong operational performance. First quarter turnover rose 15% to US$165 mil...Published: 25 Jul 2012 at 11:45hrs | | by Business reporter
Yahoo Inc weigh deals for Asian assets
Yahoo Inc is considering a plan to unload most of its prized Asian assets in a complex deal valued at roughly $17 billion, sources familiar with the matter said on Wednesday, winning nods of approval ...Published: 22 Dec 2011 at 05:31hrs | 3 | by Moyo Roy
Mugabe has sold to the world
FAR from the glossy image of himself as a gallant Pan-Africanist and brave defender of black economic and political rights that Robert Mugabe has sold to the world, a close scrutiny of his political r...Published: 29 Nov 2011 at 08:59hrs | 1 | by William Mpofu
Jack Ma, chief of Alibaba wants to buy Yahoo
The founder of Alibaba, the Chinese e-commerce giant whose bitter rift with Yahoo! was one of the main reasons Carol Bartz was fired as chief executive, has said he wants to buy the beleaguered web se...Published: 01 Oct 2011 at 17:18hrs | | by Moyo Roy
Kingdom Bank funded income grows by 283 percent
Kingdom released a fair set of interim results showing a 51% year on year growth in attributable earnings to $2.3 million. Earnings growth was driven by the 283% growth in funded income on the back of...Published: 15 Aug 2011 at 09:20hrs | | by Nare Msupatsila
Zimbabwe's last chance
SADC leaders meet in South Africa for what is expected to be one of the final conflict management stages of the Zimbabwean crisis at which the long-awaited adoption of a process, with indelible bench...Published: 10 Jun 2011 at 08:30hrs | 1 | by MDC
Zanu-PF crisis deepens: MDC-T
Brigadier General Douglas Nyikayaramba, imitating the usual political carelessness of a beleaguered minority inside Zanu PF that is against change, has irreparably damaged Robert Mugabe√¢‚Ǩ‚...Published: 02 Jun 2011 at 21:18hrs | | by Moyo Roy
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