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Zimbabwe inflation in major downtrend
Zimbabwe's inflation rate experienced a notable downturn in February, decreasing by 10 percentage points to 0.5 percent, signaling progress toward long-term economic stability and price predictability...Published: 8 hrs ago | 75 | by Staff reporter
ED2030 Brigade pushes for Mnangagwa's extended
The ED2030 brigade took its campaign to Bulawayo on National Youth Day last Friday, where supporters sang "2030 ndeya Emmerson," reinforcing a push for President Emmerson Mnangagwa to extend his tenur...Published: 24 Feb 2025 at 09:01hrs | 729 | by Staff reporter
Zimbabwe's retail sector faces crisis
Zimbabwe's retail sector is in crisis, with more than 1,000 jobs lost so far this year due to an escalating economic downturn, as several key players signal their intention to exit the market. Regiona...Published: 06 Feb 2025 at 09:11hrs | 1440 | by Staff reporter
Redcliff residents betrayed by their local authority's unbridled greed and mismanagement
I recently received some most troubling news from a reliable informant within the Municipality of Redcliff.According to the information, the local authority has allegedly decided to award its ...Published: 31 Jan 2025 at 16:04hrs | 344 | by Tendai Ruben Mbofana
Zimbabwe economy implodes
Analysts and opposition political parties have raised alarm over a surge in job losses as companies downsize or shut down due to the prevailing tough economic environment in Zimbabwe. The formal retai...Published: 29 Jan 2025 at 08:49hrs | 1330 | by Staff reporter
Harare retail outlets resemble deserted ruins after war on smuggling
Retail outlets across Harare are increasingly resembling deserted ruins, offering a stark reflection of Zimbabwe's worsening economic conditions. As the country grapples with ongoing economic shocks, ...Published: 28 Jan 2025 at 07:06hrs | 1077 | by Staff reporter
Zimbabweans brave flooded perilous Limpopo river
Desperate times continue to drive Zimbabweans into life-threatening risks as they attempt to escape the country's prolonged political, economic, and social crisis. Many are risking their lives crossin...Published: 18 Jan 2025 at 06:46hrs | 863 | by Staff reportetr
Zimbabwe's GDP takes US$12bn knock
Zimbabwe's gross domestic product (GDP) has sharply fallen to US$35 billion in November, a staggering 25% decline from US$47 billion in April. The sharp contraction highlights the dire economic challe...Published: 14 Dec 2024 at 10:35hrs | 193 | by Staff reporter
Chiwenga urges diamond value-addition to boost Zimbabwe exports
Vice-President Constantino Chiwenga has stressed the importance of value addition in Zimbabwe's diamond industry as a means to maximise export earnings and enhance the sector's contribution to the nat...Published: 13 Dec 2024 at 09:40hrs | 120 | by Staff reporter
Zimbabwe wheat harvest tops 560 000 metric tonnes
Zimbabwe has harvested 560,000 metric tonnes of wheat this year, a significant increase from the 468,000 tonnes produced in 2023. This milestone was confirmed by the country's Lands and Agriculture Pe...Published: 27 Nov 2024 at 07:11hrs | 338 | by Staff reporter
Zimbabwe miners propose royalties linked to metal prices
Zimbabwe's Chamber of Mines has put forward a proposal to the Ministry of Finance suggesting that royalty payments be linked to the market prices of metals, including lithium and platinum group metals...Published: 16 Nov 2024 at 14:27hrs | 99 | by Staff reporter
Zimbabwe's unemployment rate goes up
ZIMBABWE'S national unemployment rate has slightly moved by 1,3% to 890 161 compared to 850 326 recorded in the first quarter as the country's economic downturn shows no signs of abating, latest Zimba...Published: 07 Nov 2024 at 07:15hrs | 456 | by Staff reporter
MPs demand answers on closed Bulawayo industries
Opposition members of Parliament have called on the government to provide clear timelines and concrete plans for the revival of Bulawayo's once-thriving industries, which have faced a steep decline in...Published: 06 Nov 2024 at 07:01hrs | 369 | by Staff reporter
Botswana's ruling party loses power after six decades
Botswana's governing party has suffered a shock election defeat after nearly six decades in power, preliminary election results show.President Mokgweetsi Masisi's Botswana Democratic Party (BD...Published: 01 Nov 2024 at 06:51hrs | 1478 | by Staff reporter
Botswana vote shaken up by angry ex-president
Botswana holds a presidential election on Wednesday energised by a campaign by one previous head-of-state to unseat his handpicked successor whose first term has seen rising discontent amid a downturn...Published: 29 Oct 2024 at 09:21hrs | 3311 | by AFP
Choppies mulls Zimbabwe exit
Botswana-based retailer Choppies Enterprise Limited is contemplating a withdrawal from the Zimbabwean market, citing significant financial pressure stemming from the instability of the newly introduce...Published: 29 Oct 2024 at 07:44hrs | 6766 | by Staff reporter
Billions 'wiped off' Zimbabwe banks
Bankers in Zimbabwe have attributed a significant downturn in revenues to frequent changes in the country's functional currency, as first-half financial statements revealed a staggering loss of billio...Published: 18 Oct 2024 at 12:28hrs | 1434 | by Staff reporter
Used clothes take Zimbabwe by storm
Kimberley Dube takes great care with her appearance. She always looks sharp and fashionable in smart-looking jeans, t-shirts, sweatpants, tops, and designer sneakers."I love jeans - can't get ...Published: 02 Oct 2024 at 11:24hrs | 624 | 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 | 2582 | by Staff reporter
Benefits of devolution in Matabeleland, Zimbabwe
In recent years, Zimbabwe has seen significant political and administrative shifts, one of which is the introduction of devolution. Devolution refers to the decentralization of power from a central go...Published: 05 Sep 2024 at 08:19hrs | 278 | by Staff reporter
Building a formidable business amid economic downturns
Businesses face declines in sales and profits during economic downturns. While some businesses during this period fail, some do not only thrive but instead become more formidable. Many of the ...Published: 29 Aug 2024 at 16:01hrs | 167 | by Staff Reporter
The State of Zimbabwe's Education System and the Need for Industrial Placements for Unexperienced Lecturers
Education is often heralded as the cornerstone of national development, a tool that empowers individuals, fosters innovation, and drives economic growth. In Zimbabwe, a nation with a rich history of e...Published: 13 Aug 2024 at 21:35hrs | 181 | by Jacob Kudzayi Mutisi
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
Tackling Zimbabwe's property price surge
The Zimbabwean property market is facing significant challenges, marked by skyrocketing property prices that seem incongruous when compared to those in neighbouring South Africa.These challeng...Published: 24 Jun 2024 at 10:13hrs | 82 | by Dr Bekithemba Mpofu
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 | 72 | by Tonderai Ndoro
Long-distance buses dessert Entumbane rank
Vendors at the Entumbane bus terminus in Bulawayo are experiencing a significant decline in business as many long-distance buses have shifted to other loading points. Pre...Published: 11 Jun 2024 at 06:19hrs | 13 | by Staff reporter
Remittances and FDI: Harmonizing Zimbabwe's economic strategies for sustainable growth
Zimbabwe's economy stands at a critical juncture, grappling with deep-seated challenges such as systemic unemployment, volatile currency fluctuations, and an uncertain business climate. Within this pr...Published: 18 May 2024 at 15:27hrs | 20 | by Dr Bekithemba Mpofu
ZiG needs to be backed by RBZ discipline
According to the Reserve Bank of Zimbabwe (RBZ), a structured currency is a currency that is pegged to a specific exchange rate or currency basket and backed by a bundle of foreign exchange assets lik...Published: 16 Apr 2024 at 18:04hrs | 2 | by Zimbabwe Coalition on Debt and Development
Zimbabwe celebrates independence amid doom
WHEN visiting some towns, urban and rural areas across the country one is greeted by sullen and dropping faces with sorrow and hunger written all over their faces.In a few days to come Zimbabw...Published: 16 Apr 2024 at 18:03hrs | 4 | by Leonard Koni
44 years into independence a giant is still facing economic collapse
Visiting some towns, urban and rural areas across the country one is greeted by sullen and dropping faces with sorrow and hunger written all over their faces.In a few days to come Zimbabwe wil...Published: 13 Apr 2024 at 16:40hrs | | by Leonard Koni
Half ZiG and coins to start circulating on April 30
The Reserve Bank of Zimbabwe (RBZ) in the 2024 Monetary Policy Statement introduced a new "structured currency" termed ZiG (Zimbabwe Gold) on April 5. A "structured currency" is a currency tha...Published: 07 Apr 2024 at 21:08hrs | 8 | by Staff reporter
Deportees get lifeline at Zimbabwe's points of entry
Thirty-six-year-old Thantabantu Dumani looks lost in thought as he finds his way into a Zimbabwe Red Cross (ZRCS) office in Beitbridge town.Dumani is among the "early birds" that have been fre...Published: 24 Mar 2024 at 14:37hrs | 18 | by Staff reporter
Business Scaling: When is the right time?
Business scaling refers to expanding a business in a sustainable and manageable way. Unlike simple business growth, which can be unplanned or organic, it's a deliberate and strategic effort to increas...Published: 16 Feb 2024 at 09:34hrs | 17 | by Staff Reporter
Zimbabwe records over 1 million tourists in 9 months
Zimbabwe's tourism industry received over one million tourists between January and September last year, representing a 52 percent growth compared to the same period in 2022, putting the industry on co...Published: 01 Jan 2024 at 08:04hrs | 13 | by Staff reporter
Mnangagwa stole X-Mas
THE year 2023 is ending in the same manner it began: inflicting more hardships on the people of Zimbabwe and with no solution in sight.It has been an annus horribilis of epic proportions. The ...Published: 27 Dec 2023 at 17:32hrs | 14 | by Staff reporter
Mthuli Ncube's budget puts ZANU PF's strongholds at risk as VAT requirement threatens rural-owned businesses
In a move that is set to have significant repercussions in Zimbabwe's political landscape, Finance Minister Mthuli Ncube's new budget has introduced a requirement that manufacturers only supply go...Published: 07 Dec 2023 at 13:49hrs | 11 | by Andile Ncube
Innovative Ventures: Investing in Startups and High-Yield Bonds
High-risk investments often bear a striking resemblance to the world of casinos—a realm filled with the allure of great rewards and the ever-present risk of substantial losses. In this article, we'l...Published: 27 Nov 2023 at 12:32hrs | 25 | by Staff Reporter
Zimasco switches off 4 of its 6 furnaces
Ferrochrome producer, Zimasco has switched off four of its six furnaces at the Kwekwe plant owing to several challenges chief among them high power charges.The company is operating with two fu...Published: 27 Nov 2023 at 04:53hrs | 10 | by Staff reporter
'Why demand of CCC alone to implement reforms and not Zanu PF too?' Whom did povo risk all to vote for and entrusted the task?
"@Wilbert Mukori , my brother, help me understand you. This time I come in peace. Is it CCC which is supposed to bring about electoral reforms? I don't seem to be hearing about what you say abou...Published: 08 Nov 2023 at 09:15hrs | 14 | by Wilbert Mukori
Brito's Warriors plan
Baltemar Brito, the 71-year-old coach, is facing doubts about his tactical abilities, particularly considering Highlanders' recent performance. However, he remains resolute in his belief that he can c...Published: 08 Oct 2023 at 07:49hrs | | by Staff reporter
Masiyiwa's wife committing millions to supporting underprivileged people
MEET Tsitsi Masiyiwa; she is the wife of Zimbabwean billionaire Strive Masiyiwa as well as a philanthropist. Before her husband became a billionaire, they were almost penniless and went through a roug...Published: 02 Oct 2023 at 06:31hrs | 2 | by Staff reporter
Bosso to face CAPS without Ariel
Highlanders are facing the likelihood of playing without their injured star goalkeeper, Ariel Sibanda, for the first time this season as they prepare to take on struggling CAPS United in a Chibuku Sup...Published: 28 Sep 2023 at 06:12hrs | 1 | by Staff reporter
'Mugabe was a better devil'
Four years have passed since the passing of former President Robert Mugabe, and nearly six years since his ousting in a 2017 military coup that ushered Emmerson Mnangagwa into power. During this time,...Published: 12 Sep 2023 at 20:06hrs | 1 | by Staff reporter
Zimbabwe Communist Party elections observer report for 2023 elections
OBSERVATIONS ON THE 2023 GENERAL ELECTIONGeneralFirstly, as Communists, we do not confuse democracy with voting.The word ‘democracy' is derived from Greek and means ‘rule by the pe...Published: 04 Sep 2023 at 06:34hrs | 3 | by Central Committee of the Zimbabwe Communist Party
Nelson Chamisa's Alienating 100 Page Manifesto
The Citizen Coalition for Change (CCC) lost in the 2023 electoral plebiscite, and as expected immediately rejected the results complaining the elections were "marred by vote suppression and egregious ...Published: 29 Aug 2023 at 22:29hrs | 2 | by Dr Moses Moyo
The Complex Dynamics of ZANU-PF Support in Zimbabwe: Exploring Economic Factors and Historical Context
The political landscape in Zimbabwe has been shaped by a myriad of factors, with the Zimbabwe African National Union-Patriotic Front (ZANU-PF) emerging as a dominant political force. Despite a mix of ...Published: 22 Aug 2023 at 22:19hrs | 31 | by Tshingwane Sibanda
Unifreight eyes cross-border business
LISTED transport and logistics firm Unifreight Africa Limited has revealed plans to diversify and de-risk the business by actively pursuing cross-border and contract haulage.The company, which...Published: 12 Jul 2023 at 08:18hrs | 2 | by Staff reporter
Zimbabwe braces for historic Mayweather visit
DURING a visit to Nigeria on May 9, 2022, American boxing icon Floyd "Money" Mayweather announced his grand plan to promote the sport in Africa.It was a historic trip, as the retired boxer rar...Published: 09 Jul 2023 at 10:27hrs | 15 | by Staff reporter
Zimbabwe is heading towards economic armageddon, says America's Steve Hanke
Steve Hanke, a Professor of Applied Economics at The Johns Hopkins University in Baltimore, USA, has predicted a catastrophic downfall of the Zimbabwean economy describing its trajectory as "heading t...Published: 13 Jun 2023 at 14:29hrs | 2 | by Staff reporter
ZB moves to lay off excess staff
ZB Financial Holdings Limited (ZBFHL) will be shedding some of its staff via a recently completed voluntary disengagement scheme, after reporting a rise in staffing costs of over 100% last year....Published: 30 May 2023 at 06:46hrs | | by Staff reporter
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