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Botswana gets $304 million AfDB loan
The African Development Bank (AfDB) has approved a $304 million loan to Botswana as the country grapples with rising fiscal pressures and seeks to implement crucial governance and economic reforms. Th...Published: 15 hrs ago | 301 | by Staff reporter
Delta highlights Zimbabwe's economic
Delta Corporation, Zimbabwe's leading brewer and soft drinks manufacturer, has painted a stark picture of the nation's economy, highlighting its persistent fragility despite signs of resilience in con...Published: 17 hrs ago | 462 | by Staff reporter
The Uphill Battle for Economic Freedom: The Story of Qoki Women of Zimbabwe
The challenges of trying to gain economic freedom as women in Africa are not limited to having to fight against some men who are bent on denying you that freedom to keep you dependent and subservient....Published: 14 May 2025 at 21:30hrs | 693 | by Solabanye Nqabeni
AMH employees receive zero earnings after salary cuts and forced leave
Some employees at Alpha Media Holdings (AMH), one of Zimbabwe's leading private media companies, have received zero net earnings in the Zimbabwe Gold (ZiG) component of their salaries for two consecut...Published: 11 May 2025 at 19:47hrs | 659 | by Ndou Paul
Zimbabwe in massive gold mop up
The Zimbabwean government has launched an aggressive campaign to meet its 2025 gold delivery target of 40 tonnes, amid a global price surge that has seen the value of gold skyrocket to US$3,322.93 per...Published: 11 May 2025 at 12:43hrs | 141 | by Staff reporter
Zimbabwe's beef output rises 5.1% in 2024
Zimbabwe produced 94,600 tonnes of beef in 2024, a 5.1 percent increase from 90,000 tonnes in 2023, driven by drought-induced emergency destocking and a steadily growing national herd, according to th...Published: 11 May 2025 at 12:37hrs | 101 | by Staff reporter
UZ students demand exam postponement
Student leaders at the University of Zimbabwe (UZ) have formally requested a one-week postponement of upcoming examinations, citing academic disruptions caused by an ongoing strike by university lectu...Published: 09 May 2025 at 11:06hrs | 556 | by Staff reporter
Rental income dominates First Mutual Properties revenue
First Mutual Properties (FMP) says rental income remains its primary source of revenue, with the property investment firm intensifying efforts to diversify both its tenant base and portfolio to streng...Published: 05 May 2025 at 15:56hrs | 87 | by Staff reporter
Zimbabwe's exports surge by 13.5%
Zimbabwe's export earnings surged by 13.5 percent in March 2025 to reach US$581.9 million, up from US$512.6 million in February, underscoring the country's growing productivity, mineral output and the...Published: 03 May 2025 at 08:35hrs | 769 | 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 | 287 | by Staff reporter
Zimbabwe becomes 5th largest avocado producer in Africa
Zimbabwe has emerged as Africa's fifth-largest producer of avocados, following a 164 percent surge in production over the past six years, thanks to increased investments from both government and the p...Published: 29 Apr 2025 at 07:05hrs | 335 | by Staff reporter
Trade Fair brings brisk business for vendors, kombis
For small entrepreneurs like Mr Felix Ndlovu and Mr Lovemore Mutatu, the Zimbabwe International Trade Fair (ZITF) is not just an annual event, but a golden opportunity that redefines their year's earn...Published: 28 Apr 2025 at 12:29hrs | 82 | by Staff reporter
Gwanda unveils investment incentives
The Municipality of Gwanda has launched a comprehensive set of strategic economic incentives aimed at unlocking investment and accelerating growth in key sectors such as agro-processing, mineral proce...Published: 28 Apr 2025 at 12:26hrs | 63 | by Staff reporter
The Smart Investor's Guide to Thriving After a Crash
Warren Buffett's advice that "fear when everyone is greedy and greed when everyone is fearful" remains particularly relevant for investors in today's unpredictable market, especially after a crash. Th...Published: 25 Apr 2025 at 12:21hrs | 90 | 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 | 37 | by Staff reporter
Tobacco sales rake in US$279m
Zimbabwean tobacco farmers have earned US$279 million from the sale of 81.3 million kilogrammes of flue-cured tobacco so far this season, as the industry intensifies efforts to locally process at leas...Published: 22 Apr 2025 at 07:36hrs | 44 | by Staff reporter
Zimbabwe's mineral revenues decline despite volume surge
Zimbabwe's mining sector delivered a mixed performance in the first quarter of 2025, with mineral export volumes registering notable growth, but overall revenues falling sharply. This is according to ...Published: 17 Apr 2025 at 07:34hrs | 177 | 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 | 95 | by Staff reporter
Zimbabwe to get share of US$300m Afreximbank dividend
The Zimbabwean government is set to receive a significant payout from Afreximbank's recently declared US$300 million dividend, following the bank's exceptional financial performance in the year ending...Published: 16 Apr 2025 at 23:22hrs | 145 | by Staff reporter
Zimbabwe steel production cuts import reliance
A monumental step forward for Zimbabwe's import substitution strategy has been achieved with the commencement of extensive finished steel production at the Dinson Iron and Steel Company (Disco) plant ...Published: 15 Apr 2025 at 08:43hrs | 1041 | by Staff reporter
Ghana orders foreigners to exit gold market by April 30
Ghana has ordered foreigners to exit its gold trading market by the end of the month, a new government body said on Monday, as the West African country looks to streamline gold purchases from small-sc...Published: 15 Apr 2025 at 08:33hrs | 295 | by Staff reporter
Banks smile all the way to the bank, while depositors bear cost of high fees
Shareholders in Zimbabwe's banking sector are enjoying robust returns on their investments, as banks continue to post strong profits and declare sizeable dividends. However, concerns are mounting amon...Published: 13 Apr 2025 at 09:46hrs | 633 | by Staff reporter
Choppies exits Zimbabwe with US$1 million loss
Botswana-based retail giant Choppies Enterprises Limited has confirmed it incurred a loss of P14 million (approximately US$1.02 million) following the disposal of its Zimbabwean operations in December...Published: 04 Apr 2025 at 13:39hrs | 1105 | by Staff reportetr
Dairibord to start toll production in SA
Dairibord Holdings is set to expand its operations in the region to drive export growth, with South Africa as the immediate destination for a planned toll manufacturing project. The initiative is expe...Published: 02 Apr 2025 at 08:48hrs | 131 | by Staff reporter
Illegal forex trader shot and robbed in Bulawayo
Bulawayo has been hit by a rise in violent crime, with an illegal foreign currency dealer becoming the latest victim after being shot and robbed of thousands of US dollars by an armed assailant on Mon...Published: 26 Mar 2025 at 06:50hrs | 680 | by Staff reporter
Fact-Checking Blessed Geza
A few days ago, war veteran Blessed Geza released a reckless and inflammatory video on YouTube, packed with baseless accusations and outright fabrications all in a desperate attempt to incite unrest....Published: 23 Mar 2025 at 21:03hrs | 5294 | by John Mbizvo
Zimbabwe seeks to upgrade Walvis Bay dry port
Zimbabwe is exploring ways to improve infrastructure at its Dry Port facility in Walvis Bay, Namibia, to enhance its capacity for handling imports and exports. The initiative is part of the government...Published: 23 Mar 2025 at 08:09hrs | 358 | by Staff reporter
Joining the George Ayittey Society is a step towards fighting for real change in Zimbabwe
My recent acceptance into the George Ayittey Society is an honour that fills me with immense humility and gratitude. To be part of a distinguished group of scholars, intellectuals, and researc...Published: 20 Mar 2025 at 17:12hrs | 283 | by Tendai Ruben Mbofana
Bulawayo vendors ignore BCC ultimatum
Informal traders in Bulawayo's central business district (CBD) have continued their operations despite a relocation deadline set by the Bulawayo City Council (BCC) today. Vendors remain unfazed by the...Published: 19 Mar 2025 at 11:34hrs | 1079 | by Staff reporter
Zimbabwe
Zimbabwe has faced numerous challenges in recent years, including economic instability, political turmoil, and social unrest. As the country looks to the future, there are several factors that will ha...Published: 14 Mar 2025 at 19:46hrs | 420 | by Mlilo Joyinani and Ndaba M. Nhuku
Nigerians buying South African bank
The Bidvest Group has placed Bidvest Bank as a discontinued operation in its latest financial results ahead of the bank's sale to Nigerian giant Access Bank.In its results for the six months e...Published: 06 Mar 2025 at 16:34hrs | 2027 | by Staff reporter
MTN earnings to plummet
MTN Group has issued a trading statement to shareholders, warning of a substantial decline in earnings for the year ending 31 December 2024. The telecommunications giant expects to report a more than ...Published: 27 Feb 2025 at 12:19hrs | 405 | by Staff reporter
Zimbabwean youths struggle for survival
For many young Zimbabweans, the daily grind is no longer about climbing corporate ladders or pursuing dream careers. Instead, it has become a delicate balance between hustling for meager earnings and ...Published: 23 Feb 2025 at 09:59hrs | 225 | by Staff reporter
Zimbabwe man stoned to death over US$0.50
A man from Harare's Mufakose suburb was stoned to death on Thursday night in what police are describing as a brutal altercation over a mere US$0.50.Mike Sallimon, 33, was attacked by Bison Man...Published: 15 Feb 2025 at 08:06hrs | 720 | by Staff reporter
Concerns over RBZ's reduction of forex retention for horticulture exporters
The Horticultural Development Council (HDC) has expressed concerns about the Reserve Bank of Zimbabwe's (RBZ) recent decision to lower the foreign currency retention threshold for exporters from 75% t...Published: 10 Feb 2025 at 09:41hrs | 229 | by Staff reporter
Zimbabwe central bank cracks down on cash hoarding
The Reserve Bank of Zimbabwe (RBZ) has expressed concern over millions of dollars lying idle in cash deposit boxes across the country, warning that the growing trend is stifling economic growth by dep...Published: 09 Feb 2025 at 17:40hrs | 6350 | by Staff reporter
Zimbabwe central bank cuts exporter retention threshold
The Reserve Bank of Zimbabwe (RBZ) has reduced exporters' foreign currency retention threshold from 75% to 70% as part of efforts to promote the use of the domestic currency, the Zimbabwe Gold (ZiG), ...Published: 07 Feb 2025 at 06:34hrs | 165 | by Staff reporter
Zimra upgrades PAYE Management System
The Zimbabwe Revenue Authority (Zimra) officially launched its new Employee Management Module on Monday, as part of its ongoing efforts to improve tax collection efficiency through the Tax and Revenue...Published: 05 Feb 2025 at 11:52hrs | 153 | by Staff reporter
ZIMRA Introduces PAYE Employee Management Module
Harare, Zimbabwe - The Zimbabwe Revenue Authority (ZIMRA) has announced the launch of an Employee Management Module, under its popular TaRMS platform set ...Published: 03 Feb 2025 at 18:44hrs | 8212 | by Agencies
Emerging markets opening up away from the UK as regulations continue to hit the casino industry
When an entertainment avenue enjoys such a meteoric rise into the limelight, it can be easy to be swept along with the success of it. For the iGaming industry, the past years have proved extremely fru...Published: 30 Jan 2025 at 21:21hrs | 68 | by Staff reporter
Zimbabwe's tobacco export earnings reach US$1.3 billion in 2024
Zimbabwe's tobacco export earnings reached US$1.3 billion in 2024, a notable increase from US$1.23 billion in 2023, marking the second consecutive year that earnings have surpassed the US$1 billion ma...Published: 16 Jan 2025 at 07:12hrs | 305 | by Staff reporter
Zimbabwe gold reserves rise to $533 million
Zimbabwe's reserves backing the Zimbabwe Gold (ZiG) currency, including foreign currency and gold, have surged to US$533 million following a directive by President Emmerson Mnangagwa requiring 50% of ...Published: 12 Jan 2025 at 11:55hrs | 143 | by Staff reporter
Vapostori Judicial Council thwarts media claims on Chivhayo donation misfortunes
The National Judicial Council of Vapostori (NJCV) has dismissed and describes as malicious defamation of character launched by an online publication that is meant to distort philanthropic work by Wick...Published: 04 Jan 2025 at 19:11hrs | 1035 | by Gideon Madzikatidze/Simbarashe Sithole
85 000 Chinese nationals now living in Zimbabwe
I was astonished to hear the other day that there are now over 85 000 Chinese nationals living in Zimbabwe. I questioned this estimate and was told no, its real. What on earth are they doing here? The...Published: 30 Dec 2024 at 19:15hrs | 906 | by Eddie Cross
Why Hollywoodbets appeals to both casual and serious bettors in South Africa
Hollywoodbets is a South African betting company that was established in 2000. The company initially started as a publishing company that was involved in distributing and publishing horse racing cards...Published: 20 Dec 2024 at 12:36hrs | 339 | by Staff Reporter
Mthuli Ncube's 2025 Budget to increase cost of doing business
Leading retailer OK Zimbabwe has expressed concern that the 2025 National Budget, as outlined by Finance Minister Prof Mthuli Ncube, will increase business costs, further exacerbating an already chall...Published: 20 Dec 2024 at 11:12hrs | 580 | by Staff reporter
Zesa explains national blackouts
Zimbabwe’s power utility, Zesa, has attributed the two major blackouts on Monday night and yesterday afternoon to an imbalance in the international connectors, which affected both the national grids...Published: 19 Dec 2024 at 17:01hrs | 1691 | by Staff reporter
Zimbabweans will always suffer as long as we rely on politicians for change
Over the past two and a half decades, the country has faced unprecedented economic challenges, from record-breaking hyperinflation and extreme poverty to massive deindustrialization and soaring unempl...Published: 19 Dec 2024 at 12:41hrs | 222 | by Tendai Ruben Mbofana
Is Zimbabwe on the brink of collapse?
Zimbabwe is standing at a dangerous crossroads as the nation endures an escalating energy crisis that threatens its economy, livelihoods, and future prospects. The recent wave of prolonged pow...Published: 18 Dec 2024 at 13:05hrs | 2012 | by Tendai Ruben Mbofana
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
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