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Zimbabwe capital markets conferences set for SA
FINANCIAL Markets Indaba (FMI), in partnership with the Victoria Falls Stock Exchange (VFEX) is set to co-host two Zimbabwe capital markets conferences in South Africa next month, NewsDay Business can...Published: 22 Mar 2024 at 09:38hrs | 155 | by Staff reporter
Mnangagwa to headline Mugabe Day celebrations
PRESIDENT Mnangagwa is expected to headline the National Youth Day celebrations at Mushagashe Vocational Training Centre in Masvingo on Wednesday with Youth Development, Empowerment and Vocational Tra...Published: 18 Feb 2024 at 09:00hrs | 283 | by Staff reporter
Zimbabwe electricity imports down 57%
ZIMBABWE has started reaping savings from reduced energy imports following improved domestic electricity generation mainly from the upgraded Hwange Thermal Power Station and the rising contribution by...Published: 30 Jan 2024 at 04:22hrs | 1185 | by Staff reporter
Zimbabwe, UK enter new trade era
THE influential Westminster Africa Business Group has expressed its interest to set up camp in Zimbabwe and open doors for British investments to come into the country.This comes as Zimbabwe h...Published: 24 Jan 2024 at 04:48hrs | 277 | 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 | 353 | by Staff reporter
Trucks pile up on Zimbabwe side as SA runs out of parking space
Commercial cargo destined for regional and international markets is piling up on the Zimbabwean side at Beitbridge Border Post after the South African side ran out of parking space.Zimbabwe ha...Published: 19 Dec 2023 at 12:56hrs | 1480 | by Staff reporter
Mnangagwa ruined Zanu-PF business empire
THE predictable appointment of FBC Holdings chief executive John Mushayavanhu as the incoming Reserve Bank of Zimbabwe (RBZ) governor has completed President Emmerson Mnangagwa's critical post-electio...Published: 12 Dec 2023 at 18:00hrs | 3754 | by Staff reporter
Shock as fraudster creates fake Charity Charamba's Facebook account
In a press release issued today, Mr. Michael Chiwoneso Mukura, the Spokesperson for the Ministry of Foreign Affairs and International Trade, has alerted the public to the existence of a fraudulent Fac...Published: 08 Dec 2023 at 10:18hrs | 772 | by Mandla Ndlovu
Zimbabwe political parties should respect voters
THE election season is upon us once again with Vice-President Constantino Chiwenga promising youth in Bulawayo that government will create more jobs for the constituency.Drumming up support fo...Published: 05 Dec 2023 at 05:20hrs | 252 | by Staff reporter
Zimbabwe's promises of mega deals are yet to materialise
GOOD day, President Emmerson Mnangagwa.Your Excellency, there could be no vainly venture than perversion. It cannot withstand scrutiny. It melts on the onset of cross-examination.As I ...Published: 29 Nov 2023 at 14:52hrs | 510 | by Cyprian Muketiwa Ndawana
Zimbabwe attracts US$8bn investments in 2023
Zimbabwe this year attracted investments worth US$8 billion, double the amount that had been targeted by the Zimbabwe Investment and Development Agency (ZIDA) at the beginning of the year, as the Seco...Published: 29 Nov 2023 at 05:07hrs | 216 | by Staff reporter
Zimbabwe records 468 000t wheat harvest
The successful land reform paid dividends to wheat farmers this season following the attainment of a resounding record wheat harvest of 467 905 tonnes compared to 375 000 tonnes last season with farme...Published: 28 Nov 2023 at 05:17hrs | 186 | by Staff reporter
Mnangagwa miserably failed to utilise the coup d'état dividend
Robert Mugabe on Herbert Chitepo (and a Rejoinder on the Missed Opportunity of the 2017 Coup)Book Excerpt from: In Search of the Elusive Zimbabwean Dream, Volume III (Ideas & Solutions)...Published: 24 Nov 2023 at 16:49hrs | 659 | by Professor Arthur G.O. Mutambara
Plans to develop Zimbabwe's biggest mine near Bulawayo
Caledonia Mining is exploring options to raise US$250m to develop its Bilboes project into what could be Zimbabwe's biggest gold mine.The company, which also owns the Blanket gold mine in Zimb...Published: 22 Oct 2023 at 10:41hrs | 605 | by Staff reporter
NSSA is a vehicle for enriching the powerful whilst exploiting the poor!
I already knew that Zimbabwe was hell and a living nightmare for the vast majority of the ordinary citizenry.I was also fully aware that the powerful were the only ones getting richer and rich...Published: 15 Oct 2023 at 09:49hrs | 471 | by Tendai Ruben Mbofana
Caledonia Mining Corporation declares 14 cents dividend
Zimbabwe, October 2, 2023 - Caledonia Mining Corporation, a prominent global mining firm with operations in Zimbabwe, has declared a dividend of US$0.14 per share for the third quarter of its 2023 tra...Published: 03 Oct 2023 at 09:17hrs | 319 | by Staff Reporter
CBZ commends Mthuli Ncube's bold inflation policy
CBZ Holdings Limited (CBZHL), the country's largest banking institution in terms of deposits and assets, has commended monetary authorities for taking bold inflation-targeted measures. The company has...Published: 24 Sep 2023 at 11:47hrs | 535 | by Staff reporter
Mutapa looting machine
PRESIDENT Emmerson Mnangagwa is full of surprises.He wants to be seen to be doing something and, in many instances, creates new offices that in reality are as clear as mud.Mutapa Inves...Published: 23 Sep 2023 at 21:34hrs | 844 | by Paidamoyo Muzulu
PPC consolidates shareholding in Zimbabwe unit
Cement manufacturer PPC has increased its shareholding in its Zimbabwean unit to 90% by repurchasing shares previously held by various indigenisation parties. The shares were repurchased at a price of...Published: 21 Sep 2023 at 06:16hrs | 180 | by Staff reporter
Zimbabwe gets US$300m insurance cover
Zimbabwe has benefited from insurance support totaling over US$300 million from the African Trade & Investment Development Insurance (ATIDI) over six years. ATIDI, headquartered in Nairobi, has ex...Published: 15 Sep 2023 at 06:28hrs | 587 | by Staff reporter
The law cannot resolve Zimbabwe's political question
AS debate raged over the weekend on whether the Citizens Coalition for Change (CCC) should have gone to court in the matter of the sham election, l was and still remain unconvinced on what would have ...Published: 06 Sep 2023 at 06:20hrs | 210 | by Luke Tamborinyoka
Nevers Mumba's report on Zimbabwe election is invalid
SADC REPORT THAT FAILS TO DENOUNCE THE ILLEGAL SANCTIONS' IMPACT ON ELECTIONS IS INVALID.We acknowledge the SADC report concerning irregularities in the harmonized Zimbabwean elections....Published: 25 Aug 2023 at 23:04hrs | 1946 | by Rutendo Matinyarare
Kasukuwere not endorsing Chamisa
Saviour Kasukuwere, blocked from running for president by a court, says he will not be endorsing any candidate in Wednesday's general elections - but he is urging his supporters not to vote for the in...Published: 21 Aug 2023 at 21:04hrs | 151 | by Staff reporter
Chiwenga says Zimbabwe is on unstoppable march to prosperity
Zimbabwe is on an unstoppable march to prosperity under the leadership of President Mnangagwa and not even desperate shenanigans by some of the country's opposition political parties will slow down th...Published: 12 Aug 2023 at 07:48hrs | 20 | by Staff reporter
Soldiers deface Mnangagwa posters
THE Zimbabwe Defence Forces has dismantled the Cleveland Shooting Range in Harare amid allegations that some soldiers stationed there were defacing President Emmerson Mnangagwa's campaign posters in M...Published: 02 Aug 2023 at 08:13hrs | 37 | by Staff reporter
'Zimbabwe treasury lost $1,6 trillion to tax exemptions'
TREASURY, always in financial distress, lost about $1,6 trillion last year, up 312% compared to the prior year, through tax expenditures consisting of uncollected tax due to exemptions and incentives ...Published: 27 Jul 2023 at 06:39hrs | 11 | by Staff reporter
Zanu-PF supporters invade CCC gathering
Zanu-PF supporters at the weekend sort to disturb a rally which was being addressed by Citizens Coalition for Change (CCC) national deputy spokesperson Gift Siziba in Bulawayo.This prompted th...Published: 24 Jul 2023 at 06:51hrs | 13 | by Staff reporter
'If Zimdollar is abandoned markets and financial institutions will recover'
As the Zimbabwean dollar continues to battle for its survival under severe pressure from the United States dollar despite its recent recovery rally, John Legat, Imara Asset Management (Zimbabw...Published: 21 Jul 2023 at 07:56hrs | 9 | by Staff reporter
Dembare plucks Chicken Inn
Chicken Inn 0 - 2 Dynamos DYNAMOS FC, once again proved too strong for Chicken Inn FC after registering a 2-0 away win at Barbourfields Stadium in Bulawayo, this Saturday afternoon.After C...Published: 15 Jul 2023 at 17:10hrs | 20 | by Staff reporter
Mnangagwa takes the risk by sidelining army in polls
PRESIDENT Emmerson Mnangagwa has taken a huge political risk by sidelining the military - which has kept Zanu-PF in power directly since 2000 - from his dicey intelligency-driven presidential election...Published: 09 Jul 2023 at 14:26hrs | 21 | by Staff reporter
Remittances anchor Zimbabwean economy
THE World Bank recently released global diaspora remittance statistics, which show that expatriates from low and middle-income countries sent over US$647 billion to their home countries in 2022....Published: 07 Jul 2023 at 07:52hrs | 24 | by Victor Bhoroma
Ponzi scheme founder flees with 'investors' US$1m
THE founder of an online Ponzi scheme, E-Creator, has left his clients seething with anger after duping them of large sums of money before vanishing.In a statement issued to clients yesterday,...Published: 07 Jul 2023 at 07:42hrs | 1 | by Staff reporter
Zimbabwe's future is debated in the city but decided in the village
THE electoral lines have been drawn as we face the impending reckoning of the August 23 general election. Intra-party squabbles have been settled regarding who will be the torch bearer in what ward or...Published: 25 Jun 2023 at 18:23hrs | 13 | by Ntando Dumani
Aspiring Zanu-PF MP leads invasion of sacred mountain
A CARTEL in Mberengwa led by Zanu-PF aspiring MP for the constituency and gold baron Tinashe "Goga" Shumba has angered the community by invading Janasi Mountain, which is considered sacred, in search ...Published: 20 Jun 2023 at 18:38hrs | 18 | 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 | 6 | by Staff reporter
Innscor splashes US$109m on expansion projects
INNSCOR Africa Limited has spent about US$109 million in expansion projects in the country, including building new stockfeed mills and a state-of-the-art bakery in Bulawayo.Innscor group chief...Published: 18 Jun 2023 at 08:41hrs | 8 | by Staff reporter
Econet, EcoCash seek to raise US$60 million
Zimbabwe's largest telecommunications firm, Econet and its sister company EcoCash Holdings are planning to raise US$30,3 million each from shareholders to redeem outstanding debentures.The deb...Published: 09 Jun 2023 at 06:33hrs | 1 | by Staff reporter
Kasukuwere returning to Zimbabwe
Saviour Kasukuwere on Monday declared that he is returning to Zimbabwe to run for president, an unexpected political twist ahead of general elections on August 23.The 52-year-old former Zanu P...Published: 05 Jun 2023 at 18:54hrs | 10 | by Staff reporter
Gweru in weekly parking fee hike
GWERU City Council increased parking fees from $2 200 to $3 000 per hour with effect from yesterday, barely a week after it effected another increment.The previous fee increase was on May 26....Published: 02 Jun 2023 at 06:46hrs | | by Staff reporter
Chamisa orders ouster of Peter Mataruse?
CITIZENS Coalition for Change (CCC) president, Nelson Chamisa has reportedly ordered that internal processes to choose a parliamentary candidate for Chinhoyi constituency be redone.The nomination ...Published: 26 May 2023 at 16:26hrs | 4 | by Staff reporter
Are investors in African equities poised for wins amidst global turmoil?
It has been a tumultuous first quarter of 2023, and African equities have not been spared.Global markets started the year on a very positive note, with the S&P 500 up 9.0% at its peak in e...Published: 12 May 2023 at 11:17hrs | 21 | by Rami Hajjar, portfolio manager of the Allan Gray Africa ex-SA Equity Fund
Shelf occupancy of locally manufactured goods rises to 80%
SHELF occupancy of locally manufactured goods has increased to 80 percent, a development which is set to continue bolstering Zimbabwe's comparative, competitive and adaptability advantages to move the...Published: 02 May 2023 at 08:58hrs | 15 | by Staff reporter
Zimdollar plunges 53%
UNCERTAINTY over Zimbabwe's growth prospects deepened this week, after a leading advisory said its currency had shed 58% of its value in the first quarter.It was a continuation of negative dev...Published: 14 Apr 2023 at 19:48hrs | 9 | by Staff reporter
Zimra commits US$2,4 million to anti-smuggling equipment
THE Zimbabwe Revenue Authority (Zimra) has committed a total of US$2,4 million on the acquisition of hit-tech equipment to enhance security at the country's ports of entry to curb crimes such as smugg...Published: 14 Apr 2023 at 07:33hrs | 2 | by Staff reporter
WestProp mulls REIT after VFEX listing
WestProp Holdings Limited (WHL) chief executive officer Kenneth Sharpe says the firm might create a real estate investment trust (REIT) to raise capital following its listing on the Victoria Fall Stoc...Published: 12 Apr 2023 at 08:51hrs | 4 | by Staff reporter
Old Mutual deploys US$108 million worth of loans in Zimbabwe
Zimbabwe's largest financial services group, Old Mutual Zimbabwe, has deployed US$108m loans to different sectors of the economy.The deployment was done by the group's banking unit, CABS, CEO ...Published: 08 Apr 2023 at 18:36hrs | 18 | by Staff reporter
UN warns Zimbabwe
A recent report by the United States embassy showed that Zimbabwe's human rights situation remains dire, with numerous factors that contributed to a flawed election process in 2018 still in play ahead...Published: 07 Apr 2023 at 09:13hrs | 6 | by Staff reporter
ZANU PF makes way for the young blood in politics
When young people are marginalized or disengaged from political processes, it means a significant portion of the population has little to no voice or influence in the decision making processes that af...Published: 30 Mar 2023 at 14:21hrs | | by Grace Zvavamwe
Caledonia ramps up gold production
GROSS revenues at Victoria Falls Stock Exchange-listed Caledonia Mining Corporation grew by 17,4% to US$142 million last year compared to the same period in 2021, on the strength of increased gold out...Published: 30 Mar 2023 at 06:36hrs | | by Staff reporter
Power outages hit PPC cement sales
REGIONAL cement maker PPC expects sales volumes at its Zimbabwean unit will drop by 14% in the full year compared to the same period last year due to recurrent power outages and grey imports.P...Published: 17 Mar 2023 at 07:28hrs | | by Staff reporter
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