Search / Economic empowerment act
Zida warns US$43,12m at stake in haulage, logistics industry
The Zimbabwe Investment and Development Agency (Zida) has raised alarm over the potential loss of US$43.12 million in foreign investment in the haulage and logistics sector, following the implementati...Published: 10 Jul 2025 at 08:52hrs | 239 | by Staff reporter
Pakistani millers wreck havoc
Local grain milling companies are crying foul over the invasion of stipulated reserved sectors by foreign nationals.Speaking on the sidelines of an engagement with the Grain Millers Associatio...Published: 04 Jul 2025 at 22:37hrs | 683 | by Paul Ndou
Local millers cry foul over foreign takeover of reserved sector
Local grain milling companies have raised alarm over what they describe as the growing invasion of Zimbabwe's legally reserved sectors by foreign nationals, particularly Pakistani business operators....Published: 03 Jul 2025 at 09:12hrs | 220 | by Staff reporter
Zimbabwe reserves haulage and logistics industry for citizens
Zimbabwe's Finance Act 2024, published under General Notice I 345A of 2024, has introduced an amendment to the Indigenization and Economic Empowerment Act [Chapter 14:33], designating the Haulage and ...Published: 05 Apr 2025 at 10:40hrs | 8997 | by Staff reporter
Zimbabwe's retail sector crisis worsens as shops continue closing
Zimbabwe's retail sector is facing an unprecedented crisis, with several major retailers and wholesalers forced to close branches amid a series of economic challenges. This Thursday, President Emmerso...Published: 01 Feb 2025 at 08:57hrs | 2054 | by Staff reporter
Zimbabwe tightens noose on informal sector
The government has announced stringent measures aimed at protecting the formal sector from what it describes as unfair competition posed by informal traders.In a statement released on Friday f...Published: 01 Feb 2025 at 08:56hrs | 642 | by Staff reporter
Zimbabwe's new land tenure policy is unconstitutional and invalid
A few days ago, the government of Zimbabwe announced some major changes to its land tenure laws.According to information minister Jenfan Muswere, "All land held by beneficiaries of the Land Re...Published: 11 Oct 2024 at 08:30hrs | 894 | by Tendai Ruben Mbofana
Economic Empowerment Bill gets thumbs up
Stakeholders in Bulawayo, including small to medium enterprises (SMEs), have welcomed the Economic Empowerment Bill, which aims to replace the Indigenisation and Economic Empowerment Act with a new Ec...Published: 19 Jul 2024 at 06:16hrs | 167 | by Staff reporter
Gift Mabhaudhi successfully advocates for removal of taxes on devices for persons with disabilities
Renowned ZANU PF DCC leader and disability rights activist, Gift Mabhaudhi, has recently achieved a major victory in the ongoing battle for fair treatment and accessibility for persons with disabiliti...Published: 13 Apr 2024 at 17:10hrs | 33 | by Nkululeko Nkomo
Zimbabwe govt misses US$12bn mining target
LEADING economists and mining industry experts warned this week the Ministry of Mines and Mining Development was manipulating data to give an impression that its ambitious US$12 billion target will be...Published: 22 Dec 2023 at 18:13hrs | 14 | by Staff reporter
Foreigners 'invade' retail space reserved for Zimbabweans
ZIMBABWEAN authorities have been allocating retail licenses to foreigners in contravention of the law, investigations have established.Retail space in the capital Harare is now dominated by In...Published: 03 Jul 2023 at 07:02hrs | 1 | by Staff reporter
Zimbabwe gears up for new investor-friendly empowerment law
The Zimbabwean cabinet has approved the principles of the Economic Empowerment Bill, which seeks to repeal previous legislation that has been condemned as investor unfriendly."The principles w...Published: 03 Oct 2022 at 06:16hrs | | by Staff reporter
Chidavaenzi captures Mugabe's legacy in latest book
Title: Chasing The Wind ISBN: 978-0-7974-79594-6In November 2017, a "powerful wind" orchestrated by the military chased Zimbabwe's long-time ruler, the...Published: 19 Sep 2021 at 08:45hrs | 4 | by Fungayi Sox
Chiefs up in arms with Zimplats over shares
CHIEFS in Mhondoro-Ngezi, Chegutu and Zvimba are up in arms over platinum miner Zimplats' failure to allot the 10% community shares agreed to in 2011.The chiefs are also disgruntled that the c...Published: 18 Sep 2021 at 19:33hrs | 1 | by Staff reporter
Zida boss raises red flag
ZIMBABWE Investment and Development Agency (Zida) CEO Douglas Munatsi says he is worried about government's failure to protect investors.Investor protection has been a thorny issue in Zimbabwe...Published: 01 Aug 2021 at 06:49hrs | 3 | by Staff reporter
Govt denies financial bailout to businesses
THE Finance Ministry yesterday denied social media rumours that it had partnered international financers to provide grants to businesses.According to reports doing rounds on social media, the ...Published: 01 Jul 2021 at 15:07hrs | 1 | by Staff reporter
Zimfirst statements on government economic policy inconsistency
Zimfirst is the right choice and a visionary party set to assume command of government. You can trust Zimfirst as we know what has to be done and the challenges that lay ahead. Most of Zimbabweans pro...Published: 27 May 2021 at 06:00hrs | 1 | by Dr Maxwell Zeb Shumba Rusike - ZIMFIRST President
Zanu-PF takes indigenisation to people
Zanu-PF is set to launch a nationwide programme to educate the public and businesses on the revised Indigenisation and Economic Empowerment Act to ensure the inclusion of everyone in the country's eco...Published: 11 May 2021 at 06:34hrs | | by Staff reporter
Zanu PF speaks on revised Indigenisation Act
Zanu PF will roll out the revised Indigenisation and Economic Empowerment Act to the country's ten provinces as part of educating various business groups on the contents of the new policy framework....Published: 06 May 2021 at 19:44hrs | | by Staff reporter
Zanu-PF revises indigenisation policy
Zanu-PF has come up with a Revised Indigenisation and Economic Empowerment policy which has already been incorporated into the National Development Strategy 1 (NDS1). The policy is expected to b...Published: 15 Apr 2021 at 07:20hrs | 1 | by Staff reporter
Zanu-PF revises indigenisation policy
ZANU PF has come up with a Revised Indigenisation and Economic Empowerment policy which has already been incorporated into the National Development Strategy 1 (NDS1). The policy is expec...Published: 15 Apr 2021 at 06:49hrs | 1 | by Staff Reporter
Zimbabwe makes another U-turn on mines
GOVERNMENT on Tuesday reverted to Zimbabwe dollar-denominated mining fees, only a week after Mines minister Winston Chitando made wide-ranging reviews based in United States dollars.Chitando's...Published: 24 Feb 2021 at 21:46hrs | 6 | by Staff reporter
Mnangagwa administration: Comedy of errors
GENESIS 3 v 9-11 (NIV), "But the Lord God called the man, where are you? He answered: I heard you in the garden, and I was afraid because I was naked; so I hid."This is the first time in the B...Published: 06 Feb 2021 at 07:06hrs | 1 | by Paidamoyo Muzulu
Mnangagwa's govt has failed to enact laws which enhance constitutionalism
PRESIDENT Emmerson Mnangagwa's administration has failed to enact laws which enhance constitutionalism, but has brought back repressive laws, albeit with new names, legal think-tank Veritas has re...Published: 03 Feb 2021 at 06:18hrs | 1 | by Staff reporter
Return of indigenisation spooks the market
This has spooked investors who have always thought mining provides the most attractive prospects - a silver lining - in Zimbabwe's dark economic cloud.Mining was a safe haven for investors see...Published: 23 Jan 2021 at 17:09hrs | 9 | by Staff reporter
Army-linked Anjin grabs richest diamond claim
AN army-linked miner, Anjin Investments (Pvt) Ltd, grabbed the most lucrative diamond claim in Marange from a firm owned by the government after being relicensed under unclear circumstances, it has em...Published: 15 Jan 2021 at 07:47hrs | 2 | by Kenneth Matimaire
Afro-Sino economic relations in the 21st Century: Mixed Reactions and Misinterpretations
The Author is a Master of Science in International Trade and Diplomacy student at the University of Zimbabwe. He holds a MSc degree in Development Studies (National U...Published: 04 Jan 2021 at 19:21hrs | 21 | by Livingstone Kazizi
Chamisa impoverishing MDC members on the altar of political correctness
A "RATIONAL economic" Zanu-PF has been masterminding massive wealth transfers to their enlightened members since 2000. The ruling party members are winning on the economic front by creating wealth whi...Published: 23 Nov 2020 at 19:58hrs | | by Brian Sedze
Mnangagwa describes sanctions as 'weapons of mass destruction'
THE West's sanctions on Zimbabwe are like "weapons of mass destruction" which are hurting ordinary people, with the potential to undermine the country's unity and peace, President Emmerson Mnangagwa h...Published: 26 Oct 2020 at 18:58hrs | | by Staff reporter
Sadc pushes for removal of sanctions on Zimbabwe
THE Sadc region has once again called for the immediate lifting of Western sanctions on Zimbabwe on account of their adverse effects on ordinary citizens.This comes as the United States of Ame...Published: 25 Oct 2020 at 14:19hrs | | by Staff reporter
SADC Chair Nyusi rallies world against Zimbabwe sanctions
Chairperson of the Southern African Development Community, President Filipe Nyusi of Mozambique, has said sanctions imposed on Zimbabwe must be removed immediately as this is good for the region and t...Published: 25 Oct 2020 at 07:35hrs | | by Staff reportetr
Mnangagwa spells parliament's legislative agenda
PRESIDENT Mnangagwa has outlined the third session of the Ninth Parliament's legislative agenda that is expected to consolidate the Government's political and economic reform agenda.Officially...Published: 22 Oct 2020 at 19:10hrs | | by Staff Reporter
Full house at Mnangagwa's SA dinner
PRESIDENT Mnangagwa has implored foreign investors to consider investing in Zimbabwe saying the country was now ready for take-off following nearly two decades of isolation. The country has be...Published: 06 Sep 2019 at 07:03hrs | | by Staff reporter
Zimbabwe ready for take off, says President
PRESIDENT Mnangagwa has implored foreign investors to consider Zimbabwe, saying the country was now ready for take-off following nearly two decades of isolation. Zimbabwe has been reeling under sancti...Published: 06 Sep 2019 at 06:55hrs | 1 | by STaff reporter
Mnangagwa speaks on SA xenophobia attacks
PRESIDENT Mnangagwa has hailed the role played by Zimbabweans in the diaspora towards growing the domestic economy and implored them to increase their participation through investments. He was...Published: 04 Sep 2019 at 08:24hrs | 2 | by Staff reporter
Zanu-PF to host business breakfast indaba
Zanu-PF Bulawayo province will this week host a breakfast business meeting with economic stakeholders to deliberate on issues relating to the establishment of an economic empowerment policy. T...Published: 02 Sep 2019 at 07:35hrs | | by Staff reporter
Mnangagwa pledges economic reforms
President Emmerson Mnangagwa yesterday assured the world that his government would institute more economic reforms in order to make Zimbabwe a safe, favourable and competitive investment destination....Published: 29 Aug 2019 at 07:44hrs | | by Staff reporter
Zimbabwe now ripe for investment
President Mnangagwa yesterday told the high-level Tokyo International Conference on African Development (TICAD) that his administration is committed to comprehensive economic reforms and making the co...Published: 29 Aug 2019 at 07:32hrs | | by Staff reporter
Prices of goods set to skyrocket
FINANCE minister Mthuli Ncube yesterday announced a three-fold increase in electricity tariffs and raised tax on fuel imports in addition to raising the cost of obtaining government services in a midt...Published: 02 Aug 2019 at 08:13hrs | | by Staff reporter
Mthuli Ncube piles more misery
FINANCE minister Mthuli Ncube yesterday announced a three-fold increase in electricity tariffs and raised tax on fuel imports in addition to raising the cost of obtaining government services in a midt...Published: 02 Aug 2019 at 08:04hrs | | by Staff reporter
Mnangagwa gives investors his word
PRESIDENT Mnangagwa has assured foreign investors that the country has liberalised investment conditions to the extent that they are free to partner local businesses of their choice and can access the...Published: 09 May 2019 at 17:32hrs | | by Staff Reporter
'More Zimbabweans in exile under Mnangagwa than there were during Mugabe's rule'
MORE Zimbabweans have been driven into exile by President Emmerson Mnangagwa's administration than under his predecessor former President Robert Mugabe, an opposition activist has said.Promise...Published: 18 Mar 2019 at 06:37hrs | 4 | by newzimbabwe
November 2017: Wharton is being dishonest
This month former American Ambassador to Zimbabwe, Bruce Wharton and former American Ambassador to Liberia, Linda Thomas-Greenfield published an article on the Zimbabwe's 2017 transition from the old ...Published: 11 Mar 2019 at 09:53hrs | 2 | by Nobleman Runyanga
Mnangagwa building Zimbabwe block by block
The fascination with negativity and self-hate is creating an artificial but widely accepted false narrative that everything in Zimbabwe is going backwards and that Zimbabwe is at its worst time....Published: 03 Feb 2019 at 11:47hrs | 2 | by Nick Mangwana
EXCLUSIVE: Former VP Mphoko speaks on Choppies saga
Former Vice President Prelekezela Mphoko has set the record straight from his perspective on the boardroom struggles bedevilling one of the biggest retail companies in the country, Choppies Zimbabwe...Published: 12 Dec 2018 at 10:55hrs | 1 | by Mandla Ndlovu
The ED administration has made significant strides
Last week the opposition and other anti-Government detractors were excited by the United States Deputy Assistant Secretary of States for Africa, Matthew Harrington's submission on Zimbabwe to the US S...Published: 10 Dec 2018 at 10:46hrs | 2 | by Nobleman Runyanga
Long wait for Mnangagwa's mega deals
PRESIDENT Emmerson Mnangagwa seems to have taken a leaf from his mentor Robert Mugabe by signing investment deals worth billions of dollars - some opaque or dubious - that never see the light of day....Published: 25 Nov 2018 at 12:57hrs | | by Staff reporter
30 Chinese investors Zimbabwe bound
A high powered delegation of over 30 Chinese investors from Anhui Province is expected in the country tomorrow to explore the vast investment opportunities available in the various sectors of the econ...Published: 12 Nov 2018 at 05:56hrs | 1 | by Staff reporter
Modi woos Belgian, Luxembourg investors to Bulawayo
INDUSTRY and Commerce Deputy Minister, Raji Modi, has enticed Belgian and Luxembourg companies to exploit manufacturing investment opportunities in Bulawayo and Zimbabwe at large. The Bulawayo...Published: 29 Oct 2018 at 05:32hrs | 6 | by Staff reporter
Zanu-PF to establish policy think-tank
ZANU-PF is set to establish a think-tank that will research on policies that the party intends to implement to avoid implementing programmes that may negatively impact on the economy. In an in...Published: 26 Sep 2018 at 07:04hrs | 2 | by Staff reporter
Load More Stories
