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Zimbabwe unveils fund to support value chains
The Government of Zimbabwe has launched the Industrial Development Fund (IDF) to support the strengthening of domestic value chains, promote industrial growth, and increase the export of value-added g...Published: 17 hrs ago | 27 | by Staff reporter
SMEs drive Zimbabwe's manufacturing sector
Zimbabwe's manufacturing industry is largely being sustained by small to medium enterprises (SMEs), with fresh calls emerging for a strategic revival of the sector amid concerns over fluctuating perfo...Published: 17 hrs ago | 8 | by Staff reporter
Bulawayo defies stay-away calls
Bulawayo residents demonstrated clear defiance against the so-called stay-away called by discredited former Zanu-PF Central Committee member, Blessed Geza, as the Zimbabwe International Trade Fair (ZI...Published: 23 Apr 2025 at 08:33hrs | 164 | by Staff reporter
India reassures Zim collaboration, applauds Chiwenga
BULAWAYO - India's Ambassador to Zimbabwe, His Excellency Bramha Kumar appreciated Zimbabwe International Trade Fair's (ZITF) business to business arrangements and emphasised the growing interest of I...Published: 22 Apr 2025 at 22:10hrs | 564 | by Gideon Madzikatidze/Simbarashe Sithole
Bulawayo ranks second in GDP contribution
Bulawayo Metropolitan Province has cemented its position as Zimbabwe's second-largest contributor to the national gross domestic product (GDP), following closely behind Harare. This development was re...Published: 22 Apr 2025 at 07:37hrs | 1129 | by Staff reporter
Zimbabwe manufacturing sector faces challenges
Industry and Commerce Minister Nqobizitha Ndlovu has called for urgent action to address the challenges stifling the competitiveness of Zimbabwe's manufacturing sector, after new findings revealed tha...Published: 16 Apr 2025 at 23:23hrs | 88 | by Staff reporter
Busisa Moyo inducted into Zimbabwe business hall of fame
Renowned industrialist and business leader Mr Busisa Moyo has been inducted into the Zimbabwe Business Hall of Fame 2025, a prestigious honour recognising his exceptional contribution to Zimbabwe's ec...Published: 16 Apr 2025 at 23:16hrs | 190 | by Staff reporter
'RBZ walks the talk on ZiG'
Zimbabwe's efforts to stabilise its currency and foster price stability are showing significant progress, with foreign currency reserves backing the Zimbabwe Gold (ZiG) surpassing US$600 million, sign...Published: 14 Apr 2025 at 09:20hrs | 3705 | by Staff reporter
Zimbabwe's foreign currency reserves surge as ZiG gains stability
Zimbabwe's efforts to stabilise its local currency, the Zimbabwe Gold (ZiG), have begun yielding tangible results, with the country's foreign currency reserves exceeding US$600 million, the Reserve Ba...Published: 13 Apr 2025 at 12:23hrs | 10252 | by Staff reporter
Zimbabwe asset management landscape shifting
The asset management landscape in Zimbabwe is undergoing a significant transformation, with notable shifts in the allocation of funds under management (FUM), signaling a more cautious and strategic ap...Published: 15 Mar 2025 at 12:01hrs | 255 | by Staff reporter
Bulawayo City Council slashes shop, sports and social club rates
In a significant move to alleviate the compliance burden on businesses, the Bulawayo City Council (BCC) has announced a reduction of shop licence fees and sports and social club rates by 30%. This dec...Published: 06 Feb 2025 at 07:33hrs | 1415 | by Staff reporter
ZiG scarcity has eased exchange rate depreciation
The limited availability of Zimbabwe Gold (ZWG) currency has helped ease exchange rate depreciation on the parallel market, although US dollar demand pressures have continued to push premiums higher t...Published: 16 Jan 2025 at 07:17hrs | 3103 | by Staff reporter
Zimbabwe authorities step up crackdown on smuggled goods
The Zimbabwean government has ramped up efforts to combat smuggling and the influx of counterfeit goods as part of a broader strategy to protect domestic industries and enhance their competitiveness....Published: 15 Dec 2024 at 09:11hrs | 438 | by Staff reporter
'Counterfeits, financial instability imperil manufacturing sector'
Zimbabwean consumers are grappling with increasing difficulties, including the proliferation of counterfeit goods and financial instability, as the country's manufacturing sector struggles to grow. Pa...Published: 13 Dec 2024 at 09:39hrs | 49 | by Staff reporter
Bulawayo City Council forced to revise 2025 budget
Following a heated meeting with business representatives, residents' associations, and other key stakeholders, the Bulawayo City Council (BCC) has been compelled to revise its proposed 2025 budget. Th...Published: 13 Dec 2024 at 09:32hrs | 140 | by Staff reporter
3 arrested for stealing 5,000litres of diesel from Feruka pipeline
Three suspects, Liberty Munyaradzi (34), Clementine Sikoti (39), and Itai Ndlovu (43), appeared before Harare Magistrate Apollonia Marutya yesterday, facing charges of stealing 5,000 litres of diesel ...Published: 26 Nov 2024 at 08:15hrs | 501 | by Staff reporter
Stanbic Bank Steps up efforts to promote International Trade
Harare - 20 November 2024 - Leading financial services institution, Stanbic Bank Zimbabwe has stepped up efforts to promote international trade by launching an e-book which guides locals on how to sou...Published: 20 Nov 2024 at 21:09hrs | 222 | by Agencies
Motorist collapses during argument with TTI 'clampers'
The Bulawayo City Council (BCC) has launched an investigation into alleged misconduct by Tendy Three Investments (TTI) traffic enforcers, who reportedly clamped the vehicle of a motorist suffering fro...Published: 30 Oct 2024 at 13:12hrs | 2090 | by Staff reporter
'ZiG defence plan doomed'
The introduction of Zimbabwe's gold-backed currency, Zimbabwe Gold (ZiG), has faced a series of severe setbacks, pushing the economy deeper into turmoil, according to a new report by the Confederation...Published: 05 Oct 2024 at 16:35hrs | 2670 | by Staff reporter
Steve Hanke celebrates the demise of Zimbabwe's ZiG
US-based economist and currency expert Steve Hanke has issued a stark warning about Zimbabwe's economic situation, claiming that the country's inflation rate has reached a staggering 880% per year, de...Published: 27 Sep 2024 at 08:28hrs | 21545 | by Staff reporter
Capital Markets Braille handbook launched
The Securities and Exchange Commission of Zimbabwe (SecZim) on Tuesday launched a Braille handbook to promote capital market literacy among the visually impaired. The move aims to enhance the understa...Published: 27 Sep 2024 at 08:25hrs | 48 | by Staff reporter
Bulawayo leads other provinces in Zimbabwe on the export market
Zimbabwe's second-largest city, is leading the country in export volumes, but there is a growing need for more export incentives to help the city unlock its full potential, according to industry exper...Published: 20 Sep 2024 at 11:54hrs | 4349 | by Staff reporter
US$ shortages on official market crippling ZiG acceptability
The Confederation of Zimbabwe Industries (CZI) warns that the ongoing US$ shortages on the official market could further undermine the ZiG currency, amid increasing calls for comprehensive reforms to ...Published: 12 Sep 2024 at 08:07hrs | 1878 | by Staff reporter
Chigumba survives road accident
THE Zimbabwe Electoral Commission (ZEC) chairperson, Justice Priscilla Chigumba was yesterday involved in a road traffic accident near Mapinga along the Harare-Chirundu Highway. Acting provinc...Published: 02 Sep 2024 at 12:01hrs | 1762 | by Staff reporter
Zesa switches off 17 Bulawayo Suburbs
A TOTAL of 17 Suburbs in Bulawayo will be without electricity for about 7hours between 9am to 4.30pm due to maintenance work.In a statement on X, The Zimbabwe Electricity Transmission and Dist...Published: 27 Aug 2024 at 12:43hrs | 1290 | by Staff reporter
After ditching the dollar, Zimbabwe now rushing for it at a steeper cost
NEARLY five months after changing its currency to arrest inflation, Zimbabwe is back in familiar territory as the new local unit has started losing ground.The problem seems to be based on how ...Published: 26 Aug 2024 at 08:11hrs | 3927 | by Staff reporter
Boost for ZSE as govt suspends tax on stocks
Government has implemented significant tax reductions and suspensions aimed at revitalizing trading activity on the Zimbabwe Stock Exchange (ZSE). The 40% capital gains tax (CGT) on stocks sol...Published: 02 Jul 2024 at 06:36hrs | 8 | by Staff reporter
Zimbabwe power crisis grounds industries
In Zimbabwe, recent rolling blackouts have severely impacted key industries, raising concerns about potential economic downturns and job losses. Kurai Matsheza, president of the Confederation of Zimba...Published: 30 Jun 2024 at 18:32hrs | 2 | by Staff reporter
Zimbabwe's banks not ready for cryptocurrency
At the inaugural Capital Markets Conference in Nyanga, it was disclosed that Zimbabwean banks are not yet prepared to fully integrate cryptocurrency trading, despite ongoing efforts by regulators to d...Published: 23 Jun 2024 at 10:40hrs | 37 | by Staff reporter
RBZ governor to unpack MPS in Bulawayo
The Zimbabwe Independent, in partnership with the Reserve Bank of Zimbabwe (RBZ), will tomorrow host an event in Bulawayo to unpack the 2024 Monetary Policy Statement (MPS).Other partners incl...Published: 16 Apr 2024 at 07:58hrs | 1 | by Staff reporter
'Bond notes, Zimdollar had no backing'
BOND notes and the Zimdollar (ZWL$) did not have any backing during their tenure, the central bank has said, raising questions on the facilities that were bandied to be supporting the local currency....Published: 12 Apr 2024 at 09:49hrs | 3 | by Staff reporter
Zimbabwe suffers US$6,8 billion trade gap
ZIMBABWE has operated in negative trade deficit of US$6,8 billion for the last four years, a trend which is unsustainable in the long run according to Buy Zimbabwe, a campaign outfit that advoca...Published: 25 Feb 2024 at 07:21hrs | 13 | by Staff reporter
Bulawayo set for major transformation
BULAWAYO is experiencing a renaissance as investor interest is surging, reindustrialisation efforts taking root and multi-million dollar projects underway, signalling a promising future for the city....Published: 18 Feb 2024 at 09:00hrs | 8 | by Staff reporter
IMF trashes Zimbabwe inflation statistics
Government last year directed the Zimbabwe National Statistics Agency (Zimstat) to stop publishing local currency indexed inflation and switch to the blended rate, which it said was ideal as the count...Published: 16 Feb 2024 at 15:22hrs | 1 | by Staff reporter
Chinese medical team to conduct free cataract surgeries in Zimbabwe
THE Minister of Health and Child Care Dr Douglas Mombeshora signed a Memorandum of Understanding with the Chinese Ambassador to Zimbabwe Mr Zhou Ding to conduct free cataract surgery in the country....Published: 07 Feb 2024 at 19:05hrs | 2 | by Staff reporter
Sikhala has never met Tshabangu, but Chamisa has
Job Sikhala, the recently released former Zengeza West legislator, stated that he is unfamiliar with self-appointed Citizens Coalition for Change (CCC) Secretary General Sengezo Tshabangu and has neve...Published: 01 Feb 2024 at 05:04hrs | 2 | by Staff reporter
Zimra gives small businesses tax reprieve
The Zimbabwe Revenue Authority (Zimra) has offered a six-month grace period for informal businesses to register for taxes in a move seen to boost State revenues.Revised guidelines outlining sp...Published: 30 Jan 2024 at 04:20hrs | 8 | by Staff reporter
Sex scandal brings down ex-CZI boss
Sex has brought down powerful men - kings, politicians, chief executives, clergymen and professors - who abuse power in Zimbabwe and elsewhere in contemporary times, as it was the case in history....Published: 29 Jan 2024 at 06:22hrs | 2 | by Staff reporter
Lunga-Mbatha awarded US$47 850 for unfair dismissal by CZI
In a David and Goliath protracted legal battle spanning over 20 years, Zimbabwean women and children's rights activist Rita Marque Lunga-Mbatha has been awarded US$47 850.01 for unfair dismissal over ...Published: 20 Jan 2024 at 08:34hrs | 1 | by Staff reporter
'Mnangagwa's govt has agreed to suspend decisions on retail and VAT'
The government may suspend its unpopular decisions on trading and Value Added Tax to give time for talks with businesses, according to a leading industry group.Finance Minister Mthuli Ncube an...Published: 07 Jan 2024 at 17:33hrs | 18 | by Staff reporter
Jacob Mafume's mayoral victory exposes infighting in Chamisa's camp
WE close the year with a circus at Town House in Harare, where Jacob Mafume last week bounced back as Harare mayor.He was elected as the capital city's third mayor in just four months and this...Published: 27 Dec 2023 at 17:28hrs | 15 | by Staff reporter
Zimbabwe CEOs push back on salaries disclosure
THE chief executives (CEOs) of firms trading their shares on Zimbabwe's two stock exchanges have slapped down proposed regulations that would force them to disclose their earnings in line with interna...Published: 22 Dec 2023 at 18:16hrs | 20 | by Staff reporter
Chamisa's Chitungwiza rally cancelled
Nelson Chamisa's rally in Chitungwiza scheduled for Sunday has been cancelled. In a statement on it's X account (formerly Twitter), the party did not provide any spe...Published: 17 Dec 2023 at 09:56hrs | 1 | by Staff reporter
CCC speaks on pulling out of parliament
Title: CCC Spokesperson Addresses Party's Decision Not to Withdraw MPs from ParliamentDate: [Current Date]In a recent post on X (formerly Twitter), Citizens Coalition for Change (CCC) ...Published: 15 Dec 2023 at 07:02hrs | 2 | by Nkululeko Nkomo
Zimbabwe industry players call for Budget taxes review
Organisations in industry and commerce want Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube to review some of the tax proposals he made in the 2024 Budget saying...Published: 12 Dec 2023 at 05:51hrs | 13 | by Staff reporter
Hot spell forces firms to work night shifts
INDUSTRIAL manufacturing processes are being threatened by the high temperatures being recorded across the country, which affect the cooling systems for some critical machinery used by companies while...Published: 06 Dec 2023 at 05:03hrs | 15 | by Staff reporter
Mahere slams Tshabangu
Mount Pleasant MP, Fadzayi Mahere, has strongly criticized Sengezo Tshabangu, the self-imposed secretary general of CCC, for referring to the former Mayor of Masvingo, Shantiel Yeukai Chiwara, as "a l...Published: 03 Dec 2023 at 19:04hrs | 12 | by Staff reporter
BREAKING: Tshabangu wins Supreme Court case against recalled CCC MPs
The Supreme Court has delivered a decisive blow to Members of Parliament affiliated with the CCC dismissing their appeal to overturn a high court judgment that validated their recall by the Interim Se...Published: 01 Dec 2023 at 13:13hrs | 13 | by Mandla Ndlovu
Jonathan Moyo exposes Mahere's 'big fat lie'
EXPLAINER: Fingerprints of the MDC in the "Edited" CCC Constitution filed by Tshabangu in Chamisa's Interdict Court Case to halt Further Recalls not Fraud but Proof of MDC Paternity of Lawful CCC...Published: 25 Nov 2023 at 18:06hrs | 15 | by Jonathan Moyo
'Zimbabwe has a leadership crisis'
ALPHA Media Holdings (AMH) chairman Trevor Ncube says Zimbabwe has a leadership crisis with the people who are supposed to drive and make a huge impact on the economy having abdicated responsibility....Published: 23 Nov 2023 at 05:37hrs | 3 | by Staff reporter
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