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Zimbabwe Parliament demands removal of punitive taxes
Parliament has sharply escalated pressure on Treasury to urgently scrap punitive taxes, including the highly contentious 2% Intermediated Money Transfer Tax (IMTT), by August 31, 2025, in a bid to hal...Published: 26 Jun 2025 at 11:25hrs | 1722 | by Staff reporter
CZI sounds alarm over substandard goods in Zimbabwe
The Confederation of Zimbabwe Industries (CZI) has raised concern over the continued flood of substandard and mispriced goods entering the country, despite the existence of the Consignment-Based Confo...Published: 20 Jun 2025 at 06:05hrs | 127 | by Christopher Mutambirwa
BCC forgoes US$14million revenue
The Bulawayo City Council (BCC) has decided to maintain its 2024 commercial non-domestic property tax tariffs for the 2025 financial year, foregoing potential revenue exceeding US$14 million.T...Published: 11 Jun 2025 at 08:31hrs | 251 | by Staff reporter
Revenue improves after Beitbridge upgrade
Government revenue at the Beitbridge Border Post has surged significantly following the completion of its modernisation, showcasing a successful example of how public-private partnerships (PPPs) can d...Published: 26 May 2025 at 08:35hrs | 621 | by Staff reporter
Treasury launches last-ditch push to stabilise Zimbabwe economy
Zimbabwe's Treasury has embarked on a last-ditch effort to stabilise the country's fragile economy, amid growing fears that policy inconsistency, inflation, and currency volatility could derail indust...Published: 22 May 2025 at 11:33hrs | 619 | by Staff reporter
'Zimbabwe, EU ties to top US$1bn'
Trade and investment ties between Zimbabwe and the European Union (EU) are expected to exceed US$1 billion in the coming years, as both parties strengthen economic collaboration, EU Ambassador to Zimb...Published: 21 May 2025 at 19:54hrs | 269 | by Staff reporter
Busisa Moyo accepts Land Cruiser gift from Chivayo
United Refineries Limited CEO and prominent Zimbabwean business leader Busisa Moyo has accepted a luxury vehicle valued at US$200,000 from businessman Wicknell Chivayo as a token of appreciation for h...Published: 21 May 2025 at 16:20hrs | 1664 | by Staff reporter
Zimbabwe strengthens private sector role in economic development drive
Zimbabwe is forging ahead with a private sector-led economic model, as the Government and business leaders intensify collaboration aimed at creating a robust and sustainable economy. The move is align...Published: 16 May 2025 at 09:53hrs | 55 | by Staff reporter
Zimbabwe, EU celebrate growing trade
Zimbabwe and the European Union (EU) have marked a significant milestone in their growing economic partnership, with trade between the two entities increasing by 30% and foreign direct investment (FDI...Published: 13 May 2025 at 10:23hrs | 130 | by Staff reporter
Zimbabwe retail sector to grow by 5,10% in 2025
The Zimbabwean retail sector is projected to grow by 5.10% in 2025, with its future expansion dependent on how well it navigates the challenges of the operating environment, including the increasing d...Published: 08 May 2025 at 16:08hrs | 193 | by Staff reporter
Zimbabwe ZWG yearly inflation hits 85%
The Confederation of Zimbabwe Industries (CZI) has raised alarm over the country's ZWG inflationary trends, which it says are not aligning with current market interventions, suggesting that Zimbabwe i...Published: 08 May 2025 at 09:57hrs | 304 | by Staff reporter
Schweppes Managing Director retires after 20 years
Beverage manufacturer Schweppes Zimbabwe has announced the retirement of its long-serving Managing Director, Charles Nkululeko Msipa, bringing to an end a distinguished 20-year career with the company...Published: 01 May 2025 at 19:11hrs | 1084 | by Staff reporter
CZI urges companies to reduce idle capacity
Confederation of Zimbabwe Industries (CZI) chief executive officer, Ms Sekai Kuvarika, has called on Zimbabwe's manufacturing sector to reduce unutilised capacity as a key strategy to lower production...Published: 30 Apr 2025 at 07:14hrs | 291 | 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 | 476 | by Staff reporter
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: 24 Apr 2025 at 07:20hrs | 38 | 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: 24 Apr 2025 at 07:13hrs | 23 | 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 | 185 | 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 | 698 | 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 | 1362 | 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 | 119 | 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 | 202 | 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 | 3714 | 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 | 10306 | by Staff reporter
Bulawayo Investment Indaba kicks off
BULAWAYO Investment Indaba has started at a local hotel where industry experts gather to deliberate on different investment issues.The two-day event will bring together key stakeholders, inclu...Published: 02 Apr 2025 at 10:14hrs | 118 | by Staff reporter
Tagwirei to headline Bulawayo Metropolitan investment indaba
Sakunda Holdings CEO, Kudakwashe Tagwirei, is set to headline the much-anticipated Bulawayo Metropolitan Provincial Investment Indaba, a two-day event scheduled to begin on Wednesday.The event...Published: 02 Apr 2025 at 08:53hrs | 85 | 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 | 1425 | 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 | 3118 | 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 | 440 | 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 | 143 | by Staff reporter
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 | 2095 | by Staff reporter
Tafadzwa Bandama appointed new Director-General of Zimstat
Local economist Tafadzwa Bandama has been appointed the new Director-General of the Zimbabwe National Statistics Agency (Zimstat), the country's primary statistics agency. This appointment follows the...Published: 18 Oct 2024 at 10:34hrs | 364 | 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
Zimra goes after businesses rejecting ZiG
The Zimbabwe Revenue Authority (ZIMRA) has launched a sweeping operation targeting businesses that are evading taxes and undermining the Zimbabwean currency (ZiG or ZWG) by rejecting the local currenc...Published: 27 Sep 2024 at 12:29hrs | 1398 | 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 | 21561 | by Staff reporter
'Zimbabwe's feja-feja economics not working'
Major retail shops in Zimbabwe adjusted their exchange rates to ZiG30 per dollar yesterday as the local currency continued to falter, a day after President Emmerson Mnangagwa accused economic "saboteu...Published: 27 Sep 2024 at 08:26hrs | 287 | by Staff reporter
Zimra launches crackdown on economic saboteurs
The Zimbabwe Revenue Authority (ZIMRA) has launched a nationwide blitz targeting businesses that evade taxes and undermine the local currency, the Zimbabwe Gold (ZiG), by either rejecting it or falsel...Published: 27 Sep 2024 at 08:16hrs | 146 | 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 | 4350 | by Staff reporter
200 benefit from OMZ Women's Roundtable
Nearly 200 prominent female executives, entrepreneurs, and representatives from diverse sectors joined the transformative financial inclusion gathering de...Published: 17 Sep 2024 at 21:45hrs | 131 | by Paul Ndou
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 | 1879 | 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 | 3928 | by Staff reporter
Chiwenga to officiate at Investment Forum
The Ministry of Industry and Commerce is preparing to host the Investment Forum next Monday, attracting key stakeholders and policymakers from across Africa. The forum, held in collaboration with the ...Published: 26 Jul 2024 at 06:38hrs | 210 | 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
Fresh push to drive intra-Sadc trade
Industry and Commerce Minister Nqobizitha Ndlovu urged the private sector to identify obstacles hindering regional trade within Sadc nations, aiming to enhance intra-Africa trade amid recent tensions ...Published: 24 Jun 2024 at 07:03hrs | 4 | 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
Zimbabwe central bank governor gets a rude awakening
BUSINESS executives yesterday gave Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu a rude awakening after a snap survey which showed that they were not ready to support the new currency....Published: 12 Apr 2024 at 09:49hrs | 53 | 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
American chamber scouts for opportunities in Zimbabwe
THE CEO Africa Roundtable (CEO ART) has roped in an American-based organisation, Atlanta Black Chambers (ABC), in an investment scouting programme in the country.The Zimbabwe embassy in the Un...Published: 12 Mar 2024 at 05:13hrs | 3 | by Staff reporter
African-American investors eye Zimbabwe opportunities
Zimbabwe is set to benefit from investments valued at more than US$500 million in several sectors of the economy from a group of African-American owned businesses that have set their eye on the local ...Published: 11 Mar 2024 at 04:52hrs | 4 | by Staff reporter
Zidera is the primary obstacle Zimbabwe's economic progress
INDUSTRY leaders have pleaded for the total removal of the sanctions programme under the Zimbabwe Democracy and Economic Recovery Act (Zidera), citing them as the primary obstacle to the economic prog...Published: 06 Mar 2024 at 20:54hrs | 4 | by Staff reporter
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