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Mthuli Ncube hikes fuel levy
The Government of Zimbabwe has increased the Strategic Fuel Reserve Levy on petrol and diesel as part of a broader effort to safeguard national fuel supplies and price stability amid rising global mar...Published: 14 May 2025 at 08:33hrs | 1228 | by Staff reporter
Fuel price hike expected this month
In March 2025, Zimbabwean consumers will see a slight increase in petrol prices, with the price per litre rising to US$1.54 from US$1.53 in February. On the other hand, diesel prices have experienced ...Published: 07 Mar 2025 at 10:38hrs | 641 | by Staff reporter
Avocado exports spur Tanganda revenue
Listed tea producer, packer, and distributor, Tanganda Tea Company (TTC), reported a revenue increase to US$25.7 million for the financial year ended September 30, 2024, primarily driven by strong avo...Published: 25 Feb 2025 at 07:05hrs | 545 | by Staff reporter
Zimbabwe targets 7 sectors for import substitution
In a bid to reduce reliance on imports and boost local industry, Zimbabwe has identified seven key sectors for import substitution.The country's short-term manufacturing blueprint, the Zimbabw...Published: 24 Oct 2024 at 12:51hrs | 743 | by Staff reporter
Zera sues 13 dealers over fuel contamination
Thirteen out of 155 fuel samples collected from retail sites across Zimbabwe were found to be contaminated or adulterated, falling below acceptable quality standards, according to a report by the Zimb...Published: 22 Aug 2024 at 07:05hrs | 275 | by Staff reporter
Iran seizes US tanker with $50 million of oil onboard
An Iranian court has issued an order confiscating a crude oil cargo from the Advantage Sweet tanker a year after the country's navy forcibly stopped the ship. It is the latest example of "tit for tat"...Published: 09 Mar 2024 at 14:47hrs | 14 | by Staff reporter
Zimdollar bloodbath set to continue into coming year
THE depreciation of the Zimbabwe dollar in 2023 is likely to spill into 2024, with experts forecasting an increase in the cost of doing business, production and increased pressure on the exchange rate...Published: 30 Dec 2023 at 16:33hrs | 13 | by Staff reporter
African countries stand firm on fossil fuels
The African Group of Negotiators is calling for an outcome that allows Africa to exploit its fossil fuels including coal, oil and gas to eradicate poverty while also funding renewable energy projects....Published: 12 Dec 2023 at 17:59hrs | 1 | by Staff reporter
Gas discovery excites Zimbabwe govt
AUSTRALIA oil and gas exploration firm, Invictus Energy, has announced a massive breakthrough in its exploitation drive declaring a gas discovery from the Mukuyu-2 sidetrack well in the Upper Angwa fo...Published: 08 Dec 2023 at 05:36hrs | 14 | by Staff reporter
Zimbabwe food inflation spike cause for concern
High food inflation in Zimbabwe is causing growing concern as it accounts for over a third of households' expenses, according to a report titled "Southern Africa Regional Supply and Market Outlook" by...Published: 30 Oct 2023 at 05:20hrs | 3 | by Staff reporter
Zimbabwe fuel most expensive in Sadc
According to the latest report by the social justice watchdog, Zimbabwe Coalition on Debt and Development (Zimcodd), fuel prices in Zimbabwe are among the highest in the Southern African Development C...Published: 12 Oct 2023 at 06:41hrs | 5 | by Staff reporter
More painful petrol, diesel hikes in South Africa
Motorists can expect hikes of over R1 for all grades of fuel from Wednesday.The unleaded petrol price (95) will be hiked by R1.14 a litre, while 93 will be increased by R1.08. Diesel (0.05% su...Published: 03 Oct 2023 at 14:27hrs | 2 | by Staff reporter
Zimbabwe fuel price hike announced
The Zimbabwe Energy Regulatory Authority has announced a significant fuel price increase, with the pump price of diesel rising to US$1.76 per litre, up from US$1.65, with effect from 7 September. ...Published: 07 Sep 2023 at 16:50hrs | | by Staff reporter
China takes next step in currency globalisation
China's gradual internationalisation of its currency will shift to its next leg on Monday when about two dozen Chinese companies start trading in their home currency in Hong Kong's stock market....Published: 19 Jun 2023 at 06:38hrs | 1 | by Staff reporter
Zimbabwe blows US$125,4 million in diesel, petrol imports in just a month
ZIMBABWE spent a total US$125,4 million on diesel and petrol imports in March 2023, revealing an increase from the year's first two months, Zimbabwe National Statistics Agency (ZIMSTAT) data has...Published: 15 Jun 2023 at 07:38hrs | 1 | by Staff reporter
Zimgold unfazed by SA imports
ONE of Zimbabwe's leading cooking oil producers, Zimgold Oil Industries said this week it was not worried about prospects of stiffer competition after government's decision to lift restrictions on the...Published: 19 May 2023 at 20:42hrs | 6 | by Staff reporter
Zimgold seeks to ramp up production
COOKING oil producer Zimgold Oil Industries has announced plans to ramp up production by increasing its crushing capacity by 67% to 100 000 tonnes annually. The company's finance director Amit Goyal m...Published: 12 May 2023 at 06:05hrs | 2 | by Staff reporter
Zimbabwe discovers oil, gas and helium
AUSTRALIAN firm, Invictus Energy has confirmed the presence of "light oil, gas-condensate and helium" from its drilling samples at its Mukuyu-1 rig site in Muzarabani.Analysts, however, were q...Published: 09 May 2023 at 06:08hrs | | by Staff reporter
Does Zimbabwe need the Commonwealth?
ZIMBABWE joined the Commonwealth in 1980 after gaining independence from Britain - in what appeared to be a major victory for the Commonwealth. Twenty-three years down the road, Zimbabwe quit the Comm...Published: 25 Nov 2022 at 05:11hrs | 2 | by Vusi Nyamazana
Zimbabwe announces another fuel price increase
THE Zimbabwe Energy Regulatory Authority (ZERA) has increased fuel prices by at least 2,3% as economists raised fears of price hikes.According to ZERA's latest update, ZERA said traders can se...Published: 14 Oct 2022 at 05:53hrs | 1 | by Staff reporter
Zimbabwe fuel prices go down again
THE reduction in fuel prices by the Government continues as the Zimbabwe Energy Regulatory Authority (Zera) reviewed prices effective yesterday.In an update, the regulatory authority reduced d...Published: 03 Aug 2022 at 18:59hrs | 2 | by Staff reporter
Falling fuel prices ease pressure on consumers
The sustained drop in fuel prices, which saw prices being reviewed downwards twice over a two-week period this month owing to falling international crude ...Published: 31 Jul 2022 at 07:08hrs | 2 | by Staff Reporter
It's A War: UK group attacks African oil and gas
CAPE TOWN, South Africa, June 22, 2022/ – UK-based events company, Hyve Group, has filed a lawsuit to blackout the African Energy Chamber (AEC).According to AEC, the lawsuit ...Published: 22 Jun 2022 at 13:24hrs | 5 | by Thandisizwe Mgudlwa
South Africa taxis to hike fare amid spiralling fuel hikes
South Africans who make use of minibus taxis as a means of transportation will have to brace for another cost of living increase, after a Santaco representative revealed that the organisation is set o...Published: 21 Jun 2022 at 14:03hrs | 11 | by Staff reporter
Zimbabwe trade deficit hits US$34bn as industrialisation flops
ZIMBABWE has since 2002 accumulated a trade deficit of more than US$34 billion, a clear indication that the country's industrialisation-led import-substitution programmes have failed, new data show....Published: 11 Jun 2022 at 09:31hrs | 11 | by Staff reporter
Ramaphosa hikes petrol, diesel prices
The price of 95-octane unleaded petrol will rise by R2,33 a litre from today, while 93-octane unleaded petrol will go up by R2,43 a litre, the Department of Mineral Resources and Energy announced yest...Published: 01 Jun 2022 at 06:28hrs | | by Staff reporter
Basic goods disappear from shelves in Zimbabwe
SOME basic commodities such as cooking oil have virtually disappeared from shop shelves as the monthly food basket shot to $120 000.The Consumer Council of Zimbabwe (CCZ) yesterday said a fami...Published: 20 May 2022 at 06:31hrs | 1 | by Staff reporter
Forex auction allots US$107 million
The Reserve Bank of Zimbabwe (RBZ) says a total of US$107,8 million was allocated to companies under the foreign exchange auction system in April.The auction system was established in 2020 to ...Published: 17 May 2022 at 06:37hrs | | by Staff reporter
Basics run out of Zimbabwe shelves
PRESIDENT Emmerson Mnangagwa and Finance minister Mthuli Ncube's recent economic pronouncements have reportedly triggered a shortage of most locally-manufactured basic commodities in most retail shops...Published: 16 May 2022 at 06:26hrs | 2 | by Staff reporter
Mthuli Ncube rubbishes Mnangagwa's economic hitmen conspiracy
FINANCE minister Mtuli Ncube has said the current economic crisis rocking the country is a result of global upheavals, effectively disputing his principal, President Emmerson Mnangagwa's claim that th...Published: 13 May 2022 at 19:14hrs | | by Staff reporter
Retailers dump Zimdollar
RETAILERS in Harare have dumped the Zimbabwe dollar and are demanding payment in United States dollars for a number of basic goods such as cooking oil and dairy products.Some large wholesalers...Published: 28 Apr 2022 at 09:05hrs | 1 | by Staff reporter
Zera's continued excessive fuel price increases worry Zimcodd
The Zimbabwe Coalition on Debt and Development (Zimcodd) has expressed worry over the continued excessive increase of fuel price by the Zimbabwe Energy Regulatory Authority (Zera).The worry ca...Published: 27 Apr 2022 at 08:06hrs | 12 | by Stephen Jakes
Surface Wilmar's plant 75% complete
THE country's biggest cooking oil manufacturer, Surface Wilmar says its US$24 million plant that is under construction in Harare will commence production in September.The plant was shut down i...Published: 06 Apr 2022 at 06:30hrs | 10 | by Staff reporter
RBZ acts on inflation, interest rates
THE Reserve Bank of Zimbabwe (RBZ) yesterday moved to curtail resurgent price increases (inflation) in the economy and stabilise the volatile parallel market exchange rate after its Monetary Policy Co...Published: 05 Apr 2022 at 06:43hrs | | by Staff reporter
Zimbabwean toast fuel price cut
The cut in fuel prices by 8 US cents a litre following Government tax cuts has been welcomed by businesses and motorists who have been feeling the pinch after prices rose swiftly following the big jum...Published: 22 Mar 2022 at 05:41hrs | 1 | by Staff reporter
Zimbabwe mulls fuel levy cuts
Zimbabwe has hinted it may further reduce fuel levies to stymie a sustained spike in the domestic price of petroleum products after global prices soared on market uncertainty due to the conflict betwe...Published: 21 Mar 2022 at 06:23hrs | | by Staff reporter
Headwinds piling up for Zimbabwe
The United States Agency for International Development (USAid)'s food security arm, the Famine Early Warning Systems Network (Fewsnet) has warned of below average harvests this year and a shortlived i...Published: 18 Mar 2022 at 05:37hrs | 1 | by Staf reporter
Record fuel price hikes on the horizon for SA
South Africans should brace themselves for record fuel price increases in April given the ongoing market volatility emanating from the Ukraine-Russian conflict.According to the Automobile Asso...Published: 18 Mar 2022 at 05:25hrs | 1 | by Staff reporter
War in Ukraine is wrong so is sanctioning Russia
The war in Ukraine continues to rage causing civilian casualties and massive population displacement. The North Atlantic Treaty Organisation (Nato) and the European Union remain on the sidelines feari...Published: 14 Mar 2022 at 05:35hrs | 2 | by Tapiwa Gomo
Russia-Ukraine war: Zimbabwe braces for severe crisis
ZIMBABWE should brace for more price hikes of basic commodities and debilitating fuel hikes in the wake of the Russia-Ukraine war with observers this week warning the situation in the country may get ...Published: 11 Mar 2022 at 18:16hrs | 3 | by Staff reporter
Russia-Ukraine war tremors rock Zimbabwe economy
TREMORS from the Russian invasion of Ukraine are spreading across the world as well as in Zimbabwe as record-high oil prices, excessive spending during forthcoming elections and disruptions of wheat s...Published: 11 Mar 2022 at 18:14hrs | 1 | by Staff reporter
Fuel price hike sparks mayhem
THE recent increase in the prices of fuel has triggered a massive hike in the prices of most basic commodities.The Zimbabwe Energy Regulatory Authority on Wednesday increased fuel prices for t...Published: 11 Mar 2022 at 05:46hrs | 2 | by Staff reporter
Fuel prices rise up again...twice in same month
The Zimbabwe Energy Regulatory Authority has issued a circular informing the public of an increase in the price of fuel. Accordingly, the new price of diesel is US$1.68 or RTGS218.01 up from U...Published: 09 Mar 2022 at 13:56hrs | 1 | by Mandla Ndlovu
Ukraine war hits global wheat supply
Zimbabweans should brace for higher bread and flour prices triggered by growing global demand for wheat following the closure of ports in Ukraine and disruption to supplies from Russia, the two countr...Published: 08 Mar 2022 at 08:23hrs | 1 | by Staff reporter
The end of the Petrodollar and the rise of the Petroyuan
A "Petrodollar" is a U.S. Dollar obtained through the sale of crude oil, i.e. it's a term created particularly to describe the situation of the OPEC countries, where the sale of this commodity allows ...Published: 08 Mar 2022 at 07:17hrs | 13 | by Hugo Martins | Analyst
RBZ warns Ukraine war could result in price increases
THE Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee (MPC) has predicted that the ongoing armed conflict between Russia and Ukraine will have a knock-on effect on prices of goods and services ...Published: 06 Mar 2022 at 08:40hrs | 11 | by Staff reporter
Fuel prices go up
THE price of fuel in Zimbabwe, like in most parts of the world, has shot up due to tensions in Eastern Europe, resulting is some garages selling petrol as much as US$1.60 per litre.The Zimbabw...Published: 06 Mar 2022 at 08:21hrs | | by Staff reporter
Russia-Ukraine war triggers fuel price hike
THE Zimbabwe Energy Regulatory Authority (Zera) on Friday announced an upward review of the price of petrol and diesel, saying the war pitting Russia and Ukraine had partly contributed to the hike....Published: 06 Mar 2022 at 08:14hrs | 1 | by Staff reporter
Russia/ Ukraine crisis is a manufactured one to sabotage ties
THE Russian Defence ministry on Thursday morning announced that it had taken on Ukraine's air defences and its Air Force with a series of precision attacks, after airports and runways across the count...Published: 04 Mar 2022 at 06:48hrs | | by Staff reporter
Invictus confirms Zimbabwe gas, oil deposits
INVICTUS Energy Limited (IEL) says the processing and reprocessing of data around the Cabora Bassa project has shown signs of hydrocarbons, confirming potential natural gas and crude oil deposits....Published: 01 Mar 2022 at 05:37hrs | 10 | by Staff reporter
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