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Zimbabwe's 'pizza budget' proves economy on the verge of collapse
Zimbabwe's 'pizza budget,' presented two days ago by Finance Minister Professor Mthuli Ncube as the 2025 National Budget Proposal, is a stark illustration of an economy on the verge of collapse. ...Published: 30 Nov 2024 at 19:01hrs | 549 | by Tendai Ruben Mbofana
PPC Zimbabwe lays off managers
Cement manufacturer PPC Zimbabwe is facing growing discontent among its middle-level management in the southern region following reports that over 20 local managers are set to be laid off as part of a...Published: 27 Nov 2024 at 07:08hrs | 1540 | by Staff reporter
Private sector efficiency: South Africa's Murray & Roberts enters business rescue
Murray & Roberts (M&R) Limited has entered business rescue due to a severe cash crunch in its South African operations. The company, whose shares have fallen 64% recently, is also look...Published: 24 Nov 2024 at 15:40hrs | 2031 | by Staff reporter
Econet in aggressive 5G roll out
Econet Wireless Zimbabwe (EWZ), the country's leading mobile network operator, is continuing its aggressive rollout of 5G base stations as part of its strategy to solidify its position in the increasi...Published: 20 Nov 2024 at 07:08hrs | 661 | by Staff reporter
'Mnangagwa's milestones shake Zimbabwe's political landscape'
President Emmerson Mnangagwa's transformative economic strategies and significant achievements have caused disarray within the opposition, pushing them toward early political retirement, according to ...Published: 30 Sep 2024 at 07:29hrs | 885 | by Staff reporter
Chitungwiza space barons clash with church over land ownership
Recent clashes between Kuera Apostolic Church (under Arch-Bishop Honest Mupepe) and allegedly connected space barons have spilled in the courts of law, as the two parties fight over ownership and cont...Published: 21 Sep 2024 at 09:45hrs | 798 | by Gideon Madzikatidze/Simbarashe Sithole
PPC Zimbabwe remits US$11,3m dividend to PPC SA
PPC Zimbabwe remitted R203 million (US$11.3 million) in dividends to its South African parent after a strong performance in the fiscal year ending March 31, 2024. The company's CEO, Matias Ca...Published: 11 Sep 2024 at 08:37hrs | 100 | by Staff reporter
Time for Progressive People to Unite
The struggle is real, and there has been a lot of political polarisation and disintegration of the opposition in the country.There is now a need for a collective effort to unshackle the bondag...Published: 29 Aug 2024 at 16:17hrs | 505 | by Leonard Koni
Dembare battle to contain crisis
DYNAMOS management are fighting with their back to the wall to save the situation at their club after the players refused to take to the training pitch for the fourth day running yesterday in a crisis...Published: 10 Jul 2024 at 17:58hrs | 12 | by Staff reporter
Government's ZWL$1 billion debt cripples Zimpapers operations
The country's largest multimedia group, Zimpapers Limited is owed in excess of ZWL$1 billion by government departments and ministries, parliament has been told, a situation that has crippled its opera...Published: 09 Jul 2024 at 06:21hrs | 10 | by Staff reporter
Kingpins of US$40m Zec scandal fear repercussions
Key players involved in a controversial US$40 million deal with the Zimbabwe Electoral Commission (Zec) are implicated in potential money laundering activities, as revealed by leaked audios and corres...Published: 01 Jul 2024 at 04:28hrs | 4 | by Staff reporter
Water Witch Mine: Leading Zimbabwe's mining sector into the future
In the heart of Matabeleland North Province, a remarkable transformation is underway at the Water Witch Mine. Once emblematic of informal, small-scale mining, Water Witch now stands tall as a beacon o...Published: 20 May 2024 at 17:19hrs | 140 | by Mandla Ndlovu
Rejuvenating the Real Estate Market in Matabeleland, Zimbabwe: Strategies for Development and Competitiveness
Chief Real Estate Officer, Integrated Properties Zimbabwe, a nation with a storied history and a vibrant yet tumultuous economy, faces multifaceted chal...Published: 19 May 2024 at 20:58hrs | 31 | by Dr Bekithemba Mpofu
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 | 18 | 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 | | 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 | 11 | 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 | 10 | 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 | 7 | 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 | 16 | by Mandla Ndlovu
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 | 11 | 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 | 11 | 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 | | by Staff reporter
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 | | by Staff reporter
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 | 8 | 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 | | by Paidamoyo Muzulu
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 | | by Staff reporter
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 | 1 | by Rutendo Matinyarare
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 | 12 | 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 | | 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 | 10 | 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 | 12 | by Victor Bhoroma
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 | 9 | 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 | 1 | 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 | | 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 | | 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 | 7 | by Rami Hajjar, portfolio manager of the Allan Gray Africa ex-SA Equity Fund
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 | | 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 | 1 | 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 | 8 | 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 | 1 | by Staff reporter
Mnangagwa regime sees lithium as Zimbabwe's get-out-of-jail card
High demand for minerals in lithium, driven by ion batteries for electric vehicles and other green technologies, may be Zimbabwe's sanctions get-out-of-jail card — or a get-rich-quick card for Zanu-...Published: 13 Mar 2023 at 07:50hrs | 1 | by Staff reporter
TTI, BCC making 'super profits' from parking system deal
IT seems Bulawayo motorists who were boycotting the parking management system introduced in the city in mid-February last year have bowed down to pressure amid revelations that the parking management ...Published: 10 Mar 2023 at 05:22hrs | 4 | by Staff reporter
Mthuli Ncube to headline London Zimbabwe capital markets conference
Finance and Economic Development Minister, Professor Mthuli Ncube, is next month expected to headline the Zimbabwe Capital Markets conference in London which seeks to showcase the opportunities and br...Published: 06 Mar 2023 at 05:14hrs | | by Staff reporter
Travellers can now take out US$10 000 cash
THE Reserve Bank of Zimbabwe yesterday doubled the amount of foreign currency in cash someone can physically carry on their person or in their baggage out of the country to US$10 000.Far large...Published: 02 Mar 2023 at 05:45hrs | | by Staff reporter
Zimbabwe makes Commonwealth inroads?
ZIMBABWE continues to make headway in its quest to rejoin the Commonwealth after a Cabinet minister was invited to attend the Commonwealth Telecommunications Organisations Ministerial Alliance for Dig...Published: 28 Feb 2023 at 07:36hrs | | by Staff reporter
Spar Zimbabwe should take full responsibility for heinous murder of its employee!
This morning, I had the inspiration to pen an article on an entirely different topic - which is in the same mould as my usual social justice advocacy on matters bedevilling ordinary Zimbabweans....Published: 17 Feb 2023 at 14:48hrs | 2 | by Tendai Ruben Mbofana
Placements for 5 000 youths in agriculture
Up to 5 000 youths who graduated in Kwekwe last year after undergoing the provincial youth development skills programme will be placed on farms to boost their involvement in agricultural activities an...Published: 13 Feb 2023 at 05:15hrs | 7 | by Staff reporter
Diaspora keeps Zimbabwe afloat but no vote
ALTHOUGH Zimbabweans in the diaspora are not allowed to vote from their host nations, their cash remittances back home are fast growing and helping to keep the country afloat.Last year, remitt...Published: 04 Feb 2023 at 20:12hrs | 3 | by Staff reporter
Zimbabwe aims for top spot in carbon steel production
ZIMBABWE is now on a sustainable economic growth path following a number of interventions and is set to become one of the top carbon steel producers in sub-Saharan Africa in the next three years on th...Published: 30 Jan 2023 at 07:10hrs | 1 | by Staff reporter
Mberengwa fights lithium plunder
MBERENGWA residents have formed a foundation led by prominent local people to fight the plunder of recently discovered lithium deposits in the vast district as well other available minerals like gold,...Published: 24 Jan 2023 at 16:31hrs | | by Staff reporter
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