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Zimbabwe gold reserves surge to nearly US$700 million
The reserves backing Zimbabwe's structured currency, Zimbabwe Gold (ZiG), have soared to an impressive US$683 million, more than doubling since the currency's launch in April 2024 and significantly st...Published: 01 Jun 2025 at 14:03hrs | 59 | by Staff reporter
Afreximbank pegs Zimbabwe growth at 3,8%
The African Export–Import Bank (Afreximbank) has downgraded Zimbabwe's economic growth forecast for 2025 to 3.8%, considerably lower than the optimistic 6% growth target set by the government and Br...Published: 26 May 2025 at 08:32hrs | 192 | by Staff reporter
Zimbabwe mining sector job carnage only a tip of the iceberg
Zimbabwe's mining sector recorded a staggering loss of 1,216 jobs in 2024 - a 314% increase from the previous year - according to a recent report by the Chamber of Mines of Zim...Published: 26 May 2025 at 08:20hrs | 169 | by Staff reporter
Africa Day
As we celebrate the African renaissance, we must also be in a position to reflect on what the continent must do in order to improve the lives of African people.AFRICA must come up with one Afr...Published: 24 May 2025 at 22:55hrs | 154 | by Leonard Koni
Treasury posts ZiG3,46bn surplus in first 4 months
The Treasury has recorded a surplus of ZiG3.46 billion during the first four months of the 2025 fiscal year, driven by disciplined cost containment and punctual debt servicing.While this surpl...Published: 19 May 2025 at 09:27hrs | 206 | by Staff reporter
Zimbabwe's trade deficit widens by 28%
Zimbabwe's trade deficit ballooned to US$543 million in the first quarter of 2025, marking a 28% increase from the US$424 million recorded during the same period last year, according to the latest fig...Published: 17 May 2025 at 14:01hrs | 107 | by Staff reporter
30% surrender requirement sparks export concerns
The Zimbabwean export sector, a vital source of foreign currency and a key pillar of economic stability, is expressing growing concern over the Reserve Bank of Zimbabwe's (RBZ) recent increase in the ...Published: 17 May 2025 at 12:05hrs | 145 | by Staff reporter
Gold sinks as trade talks, easing tensions impact haven demand
Gold fell as its haven status was impacted by signs of progress in trade talks between the US and China, along with some relief to geopolitical tensions.Bullion fell as much as 1,8 percent in ...Published: 13 May 2025 at 09:54hrs | 100 | by Staff reporter
Chitando bemoans gold smuggling
Mines and Mining Development Minister Winston Chitando has raised alarm over the persistent threat of gold smuggling and other illicit activities, warning that Zimbabwe could be losing up to 40% of it...Published: 09 May 2025 at 11:02hrs | 208 | by Staff reporter
Geza stay away takes the shine off from trade fair?
The curtain came down yesterday on the 2024 edition of the Zimbabwe International Trade Fair (ZITF) in Bulawayo, with mixed reactions as concerns were raised over the low turnout of both exhibitors an...Published: 28 Apr 2025 at 12:40hrs | 472 | by Staff reporter
Harare commodity broker faces theft allegations over US$35,000
A commodity broker, Petronella Nyazuwa, was arraigned before Harare Magistrate Ruth Moyo on charges of theft of trust property valued at US$35,000. The charges stem from Nyazuwa's failure to deliver g...Published: 22 Apr 2025 at 08:08hrs | 810 | by Staff reporter
Zimbabwe's mineral revenues decline despite volume surge
Zimbabwe's mining sector delivered a mixed performance in the first quarter of 2025, with mineral export volumes registering notable growth, but overall revenues falling sharply. This is according to ...Published: 17 Apr 2025 at 07:34hrs | 178 | by Staff reporter
Anglo American Platinum to rebrand as Valterra Platinum
Anglo American Platinum, the mining giant that owns Zimbabwe's Unki Mine, has announced plans to rebrand as Valterra Platinum, signaling the end of an era for the company.The name change is pa...Published: 24 Mar 2025 at 13:39hrs | 1416 | by Staff reporter
If land was the reason for the liberation struggle, why must Zimbabweans now buy it?
The land question in Zimbabwe is a contentious issue.The liberation struggle in Zimbabwe was fought with a clear objective: to reclaim land from colonial rulers and redistribute it equitably a...Published: 13 Mar 2025 at 16:17hrs | 583 | by Tendai Ruben Mbofana
Nigerians buying South African bank
The Bidvest Group has placed Bidvest Bank as a discontinued operation in its latest financial results ahead of the bank's sale to Nigerian giant Access Bank.In its results for the six months e...Published: 06 Mar 2025 at 16:34hrs | 2028 | by Staff reporter
Zimbabwe among Africa's fastest-growing economies in 2025
Zimbabwe is expected to be one of Africa's fastest-growing economies this year, with the African Development Bank (AfDB) forecasting a 5.3 percent growth rate.This strong projection is slightl...Published: 26 Feb 2025 at 07:42hrs | 375 | by Staff reporter
Why Transparency International’s flagship Corruption Index falls short
For nearly 20 years, Transparency International has published a Corruption Perceptions Index that ranks countries (176 last year) according to how corrupt they are perceived to be by a small group of ...Published: 22 Feb 2025 at 09:54hrs | 242 | by Alex Cobham
Khaya Cement to de-list on ZSE
KHAYA cement is set to de-list on the Zimbabwe Stock Exchange (ZSE) as part of the resuscitation strategy amid indications that the major shareholder, Fossil Mines, will sale its shares at a loss as s...Published: 19 Feb 2025 at 20:21hrs | 588 | by Staff Reporter
Bulawayo residents urged to reject water privatisation
The Matabeleland Institute for Human Rights (MIHR) has called on Bulawayo residents to oppose government plans to privatise water services in the city. The move has raised concerns among critics who f...Published: 14 Feb 2025 at 06:21hrs | 422 | by Staff reporter
Zimbabwe scraps VAT on LPG, prices fall 10%
Zimbabwe's push for sustainable energy solutions has received a significant boost following the government's removal of Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG), a move that has led to a...Published: 10 Jan 2025 at 12:06hrs | 773 | by Staff reporter
Mnangagwa launches ZImbabwe's new land tenure programme
President Emmerson Mnangagwa is set to launch the new Land Tenure Implementation Programme today at Pricabe Farm in Kwekwe, a transformative initiative aimed at enhancing land ownership security, unlo...Published: 20 Dec 2024 at 11:00hrs | 115 | by Staff reporter
Mnangagwa launches ZImbabwe's new land tenure programme
President Emmerson Mnangagwa is set to launch the new Land Tenure Implementation Programme today at Pricabe Farm in Kwekwe, a transformative initiative aimed at enhancing land ownership security, unlo...Published: 20 Dec 2024 at 10:59hrs | 154 | by Staff reporter
Festive Crackdown or Festive Crisis? How Mthuli Ncube's Policies Punish the Poor
The Zimbabwean government, under the stewardship of Finance Minister Mthuli Ncube, has launched a door-to-door crackdown to confiscate smuggled goods. This initiative, introduced during the festive se...Published: 20 Dec 2024 at 10:09hrs | 155 | by Kindred Sibanda
US, UK sanction Gold Mafia linked dealer
The United States and Britain imposed sanctions on several individuals and businesses linked to global gold smuggling and money laundering networks, with Zimbabwean businessman Kamlesh Pattni at the c...Published: 10 Dec 2024 at 07:08hrs | 977 | by Staff reporter
'Mutapa Fund will become Zimbabwe's economic bedrock'
Finance, Economic Development, and Investment Promotion Minister, Mthuli Ncube, has expressed strong confidence in the future of the Mutapa Investment Fund (MIF), highlighting its potential as a key d...Published: 09 Dec 2024 at 07:03hrs | 680 | by Staff reporter
SA firms envy Zimbabwe's Manhize plant impact
The neighbouring South Africa's steel industry is worrying and strategizing over the impact to their local industry brought in by Dinston Iron and Steel Company in Zimbabwe's Manhize area with experts...Published: 06 Dec 2024 at 13:03hrs | 4973 | by Staff reporter
South African commentator downplays Zimbabwe's giant steel plant's capabilities?
'It will just add to surplus capacity in the region, and the only way to safeguard against the commodity trade is to start adding value to the steel product itself' – Charles Dednam, South African I...Published: 01 Dec 2024 at 07:33hrs | 3471 | by Staff reporter
All eyes on Professor Mthuli Ncube
As Zimbabwe prepares for the presentation of the 2025 National Budget, all eyes are on Finance, Economic Development, and Investment Promotion Minister, Professor Mthuli Ncube. The Budget, which serve...Published: 27 Nov 2024 at 08:13hrs | 1090 | by Staff reporter
Construction thrives in Zimbabwe
Zimbabwe's construction sector is on the rebound despite the effects of currency volatility and an uncertain monetary policy framework.Piniel Mkushi, chairman of Cafca - the only cable manufac...Published: 22 Nov 2024 at 17:18hrs | 3212 | by Staff reporter
Zimbabwe-China trade hits $3 billion
Trade between Zimbabwe and China has surged in the first nine months of 2024, reaching a record $3 billion, marking a 25.6% year-on-year increase. Zimbabwe's exports to China stood at $2.1 billion, wh...Published: 30 Oct 2024 at 15:46hrs | 382 | by Staff reporter
Even Chinamasa knows ED can't be trusted
In the tumultuous world of Zimbabwean politics, trust is a rare commodity. Nowhere is this more evident than in the ongoing discourse within ZANU-PF about extending President Emmerson Mnangagw...Published: 29 Oct 2024 at 21:43hrs | 1859 | by Tendai Ruben Mbofana
Is Zimbabwe about to create land oligarchs?
The government, through Information minister Jenfran Muswere, has announced a significant shift in land policy, declaring that state land, previously offered to local indigenous people under the "land...Published: 21 Oct 2024 at 11:06hrs | 708 | by Admire Maparadza Dube
ZimAlloys resumes chrome smelting
ZimAlloys, a ferrochrome producer based in Gweru, has restarted its chrome smelting operations after an 11-year break, thanks to a US$7 million investment from Kuvimba Mining House. The company's revi...Published: 18 Oct 2024 at 08:37hrs | 195 | by Staff reporter
Zimbabwe government's continued web of lies on ZiG gold-backing exposed!
Yesterday's statement, in a ZBC interview, by Reserve Bank of Zimbabwe Governor John Mushayavanhu has sparked confusion regarding the country's new currency, the Zimbabwean Gold (ZiG). The gov...Published: 11 Oct 2024 at 08:32hrs | 2304 | by Tendai Ruben Mbofana
Zim-SA cultural heritages to transform tourism and trade
Zimbabwe (Bulawayo) and South Africa (KwaZulu Natal) will benefit from their cultural heritage and related exchange programmes which are set to be synthes...Published: 17 Sep 2024 at 21:40hrs | 278 | by Gideon Madzikatidze/Simbarashe Sithole
Prices soar as new Zimbabwean currency struggles
The launch of Zimbabwe's new currency, the Zimbabwe Gold (ZWG), has been marked by significant challenges, including a sharp rise in basic commodity prices. Since its introduction on April 5 at an exc...Published: 11 Sep 2024 at 09:03hrs | 1042 | by Staff reporter
Zimbabwe platinum output to remain stable
Platinum production in Zimbabwe is expected to remain stable this year, with global demand projected to rise by 3% to approximately 226,000 ounces, according to a report released by the World Platinum...Published: 11 Sep 2024 at 08:51hrs | 61 | by Staff reporter
RBZ predicts further Zimbabwe economic downturn
The Reserve Bank of Zimbabwe (RBZ) has revised its 2024 economic growth forecast down to 2%, citing the severe drought's impact on economic activity. This is a sharp decline from earlier estim...Published: 06 Sep 2024 at 14:42hrs | 2588 | by Staff reporter
Zimbabwe opens rail network to private companies
The National Railways of Zimbabwe has opened its network up to private players, including a unit of South Africa's Grindrod, as it seeks to boost freight volumes that had collapsed after decades of un...Published: 06 Sep 2024 at 13:07hrs | 625 | by Staff reporter
Zimbabweans flock to American cruise ship industry
This year, over 2,000 Zimbabwean migrant workers are set to enter the U.S. cruise ship industry, a significant migration trend due to dwindling job opportunities in Zimbabwe. ...Published: 03 Aug 2024 at 13:05hrs | 1259 | by Staff reporter
ZiG uncertainties to frustrate GDP forecasts
Zimbabwe's economic growth prospects are facing serious challenges due to liquidity shortages and a severe drought, according to leading advisory firms and economists. In a recent mid-term bud...Published: 03 Aug 2024 at 12:57hrs | 201 | by Staff reporter
Zimbabwe's currency will remain fully backed by gold reserves
Zimbabwe's government will stick to what it promised when it launched a new currency in April by ensuring it remains fully backed by reserves, the central bank governor told Reuters on Wednesday, addi...Published: 18 Jul 2024 at 09:20hrs | 752 | by Staff reporter
Debunking mischief about Tagwirei, Sakunda
There has been a sustained casting of aspersions over the success of businessman Mr Kudakwashe Tagwirei, whom I will simply call Kuda, from anti-Zimbabwe media and activists both locally and outside t...Published: 10 Jul 2024 at 16:49hrs | 19 | by Rutendo Bereza Matinyarare
John II's mission impossible to save Zimbabwe economy clocks 100 days
Zimbabwe's new central bank Governor John Mushayavanhu has done the seemingly impossible in his first 100 days - created a stable currency and tamed price pressures in a nation that's been a poster-ch...Published: 08 Jul 2024 at 11:06hrs | 8 | by Staff reporter
ZiG helps maintain price stability in Zimbabwe
The price of basic commodities in Zimbabwe has remained stable in both ZiG and US dollar terms, with the local currency slightly appreciating against the US dollar due to government fiscal and monetar...Published: 03 Jul 2024 at 10:25hrs | 4 | by Staff reporter
Zimbabwe central bank sees slower economic growth of 2%
The Reserve Bank of Zimbabwe (RBZ) projects the economy to grow by 2% in 2024, which is slower than the government's earlier forecast of 3.5%. Despite the lower inflation outlook and market calls for ...Published: 27 Jun 2024 at 14:22hrs | | by Staff reporter
Fidelity Gold Refinery gold supply zero-rating policy shows promise
The zero-rating of gold deliveries to Fidelity Gold Refinery (FGR) has started bearing fruits as the local currency, the Zimbabwe Gold (ZiG) continues to strengthen while gold miners have been allevia...Published: 18 Jun 2024 at 17:17hrs | 80 | by Tonderai Ndoro
IMF to visit Zimbabwe next month
The International Monetary Fund (IMF) is scheduled to visit Zimbabwe this month for its Article IV consultation mission amid concerns about the country's economic trajectory. The mission will ...Published: 09 Jun 2024 at 09:10hrs | 1 | by Staff reporter
Mimosa to use Zimplats' Base Metal Refinery
Mimosa Mining Company has entered into an agreement with Zimplats, the country's largest platinum group metal (PGM) producer, to use Zimplats' Base Metal Refinery (BMR) to maximize the nation's PGM be...Published: 03 Jun 2024 at 13:12hrs | 22 | by Staff reporter
Mnangagwa challenges miners to embrace innovation
President Emmerson Mnangagwa yesterday urged the mining industry to leverage technology and innovation to enhance operations and productivity. Speaking at the Chamber of Mines Zimbabwe 2024 annual min...Published: 31 May 2024 at 21:17hrs | 2 | by Staff reporter
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