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Ecocash loses ZWG 148,7 million in conversion to new currency
Ecocash Holdings Zimbabwe Limited, a leading diversified digital solutions group, has reported a loss of ZWG 148.7 million following the transition to the newly introduced ZWG currency, which was intr...Published: 21 Nov 2024 at 06:35hrs | 1044 | by Staff reporter
'Zimbabwe economy among the least free globally'
Zimbabwe's economy remains among the least free globally, according to the Fraser Institute's newly released Economic Freedom Country Audit Zimbabwe (EFCAZ). The Canadian public policy think-tank, ren...Published: 08 Nov 2024 at 07:02hrs | 663 | by Staff reporter
Zimbabweans hail new SA visa regime
Zimbabweans in South Africa have expressed optimism following recent efforts by the South African Department of Home Affairs to expedite visa adjudication and digitise documentation. These changes are...Published: 06 Nov 2024 at 16:56hrs | 83578 | by Staff reporter
'Land policy to identify multiple farm ownership'
The Government of Zimbabwe's newly introduced land tenure policy is set to identify and expose multiple farm ownership and reclaim idle land, which will be redistributed to more than 250,000 people on...Published: 17 Oct 2024 at 08:53hrs | 91 | by Staff reporter
Grid Africa secures R50 million Equity Investment from Rifuwo
Grid Africa has announced a major milestone with the successful acquisition of a R50 million equity investment from Rifuwo Energy Partners. This funding will significantly boost the company's efforts ...Published: 16 Oct 2024 at 15:42hrs | 237 | by Staff reporter
The power crisis farce: Unpacking Mnangagwa's broken promise to Zimbabwe
Zimbabwe's power crisis has been a perennial problem, plaguing the country for decades.In August 2023, President Emmerson Dambudzo Mnangagwa proudly declared that the commissioning of the new ...Published: 08 Oct 2024 at 17:30hrs | 512 | by Tendai Ruben Mbofana
Harare City Council suppliers refuse ZiG payments
The Harare City Council is facing significant challenges in maintaining its operations following the recent devaluation of the Zimbabwean Gold (ZWG) currency, further hampering service delivery in the...Published: 03 Oct 2024 at 16:24hrs | 413 | by Staff reporter
Zimbabwe's government: The biggest threat to its own currency
The Reserve Bank of Zimbabwe's (RBZ) recent decision to devalue the Zimbabwean Gold (ZiG) by 50% has left the nation reeling. Overnight, the currency's value plummeted from 14 to 23.4 against ...Published: 29 Sep 2024 at 15:25hrs | 3363 | by Tendai Ruben Mbofana
Hwange Units 7 and 8 set for scheduled maintenance
The Hwange Power Station's Units 7 and 8 will undergo scheduled maintenance during the upcoming festive season, a period when national power demand is traditionally lower due to the annual industry sh...Published: 29 Sep 2024 at 11:17hrs | 284 | by Staff reporter
An Open Letter to Finance Minister Mthuli Ncube
Dear Finance Minister Mthuli Ncube,As you navigate the complexities of Zimbabwe's economic landscape, a pressing matter deserves your urgent attention: the persistent depreciation of the Zimba...Published: 27 Sep 2024 at 22:51hrs | 841 | by Engineer Jacob Kudzayi Mutisi
Is the Buy Zimbabwe campaign a flop?
The Buy Zimbabwe Campaign, launched over a decade ago, was designed to promote locally manufactured goods and services, reduce the trade deficit, and bolster economic growth. While the campaign's obje...Published: 20 Sep 2024 at 11:48hrs | 363 | by Staff reporter
Zimbabwe wastes 20% of supplied electricity
Zimbabwe is facing significant electricity inefficiencies, with the Zimbabwe Energy Regulatory Authority (ZERA) reporting that up to 20% of supplied electricity is wasted due to obsolete equipmen...Published: 08 Sep 2024 at 10:01hrs | 2946 | by Staff reporter
New 'smart city' project for Bubi
A new "smart city" project is set to be developed in Nkenyane, Ward 14, approximately 20km north of Bulawayo in Bubi, Matabeleland North Province. This initiative aims to modernize the rural district ...Published: 02 Sep 2024 at 11:23hrs | 440 | by Staff reporter
United States offers help to Zimbabwe
The United States has expressed a strong interest in enhancing the investment climate in Zimbabwe to boost economic opportunities. In a recent statement, US Ambassador Pamela Tremont reaf...Published: 20 Aug 2024 at 10:40hrs | 1084 | by Staff reporter
Is your Zimbabwe property safe from property hijackers
This is a follow up article of title deeds fraud which I wrote in January 2022 that went viral. There is now a new fraud trend called Property Hijacking happening in South Africa. Property hijacking i...Published: 19 Aug 2024 at 22:32hrs | 764 | by Jacob Kudzayi Mutisi
Ramaphosa's political authority crumbles under DA and coalition pressure
In South Africa's evolving political arena, the Democratic Alliance (DA) is increasingly challenging the African National Congress (ANC) with newfound vigour, placing President Cyril Ramaphosa's leade...Published: 16 Aug 2024 at 09:06hrs | 1732 | by Michael Andisile Mayalo
Zimbabwe corruption fuelling medicine shortages
Transparency International Zimbabwe (TI-Z) has criticized the government for its failure to tackle corruption within the medicine supply chain, which has led to critical drug shortages and a thri...Published: 03 Aug 2024 at 12:37hrs | 110 | by Staff reporter
NRZ, Beitbridge Bulawayo Railwayink open access deal
The National Railways of Zimbabwe (NRZ) has signed an open access agreement with its subsidiary, Beitbridge Bulawayo Railway (BBR), to enhance rail capacity and expedite deliveries by allowing private...Published: 22 Jul 2024 at 07:47hrs | 457 | by Staff reporter
Cyprus-based miner impressed by Karo project in Zimbabwe
Tharisa Plc, a Cyprus-based miner, has reported significant progress at its Zimbabwean operations with increased output across all facets. The company, integral to the energy transition and decarbonis...Published: 15 Jul 2024 at 08:29hrs | 174 | by Staff reporter
Cost-cutting money transfer facility launched
In the wake of liquidity crunch, economic meltdown and massive transaction taxation on remittances, TX Money Transfer has been launched this Wednesday to ease doing of business.The facility ha...Published: 11 Jul 2024 at 14:36hrs | 192 | by Edson Mapani in Buhera
TX Money Transfer vow to end 'hidden costs' in remittance market
Bard Santner, a prominent financial services firm specializing in asset management, corporate finance, and wealth management, has launched TX Money Transfer, a new remittance platform aimed at revolut...Published: 11 Jul 2024 at 07:30hrs | 11 | by Staff reporter
Chiwenga in soup for diverting Drought Relief food aid
In a troubling development, two Zanu-PF activists, Prosper Chiwenga and Phillimon Mudhombo, have been accused of theft involving maize intended for drought relief in Nyabira, Zimbabwe. Chiwen...Published: 05 Jul 2024 at 11:05hrs | 4 | by Staff reporter
NRZ targets US$100m revenue in 12 months
The National Railways of Zimbabwe (NRZ) aims to generate approximately US$100 million in revenue by 2025 by leveraging its extensive real estate holdings. While cargo transportation remains a key reve...Published: 04 Jul 2024 at 09:02hrs | 9 | by Staff reporter
EcoCash to invest in banking technologies
EcoCash Holdings Zimbabwe Limited (EcoCash) plans to invest in technologies to expand its banking unit, Steward Bank, after transferring its fintech firms to Econet Wireless Zimbabwe. This move was ap...Published: 02 Jul 2024 at 11:16hrs | 7 | by Staff reporter
Zimbabwe airports gear up for Starlink in big boost for SpaceX
Zimbabwe's airports are preparing to integrate Elon Musk's Starlink internet service, anticipated to launch in the third quarter, aiming to enhance connectivity amid rising passenger numbers. Tawanda ...Published: 30 Jun 2024 at 18:31hrs | 3 | 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 | 80 | by Dr Bekithemba Mpofu
Charting the optimal path for Zimbabwe's development REITs
This discourse delves into three principal governance models: the trustee-fund manager model, the board of directors approach, and the trustee-advisory board model.In the intricate landscape o...Published: 09 Jun 2024 at 09:13hrs | 1 | by Bekithemba Mpofu
Attachment of residents' houses displays CCC's heartless agenda
The decision by the Harare City Council (HCC) to take drastic measures against low-income residents who are struggling to pay their monthly rates by attaching over 50 properties due to non-payment, ha...Published: 04 Jun 2024 at 08:28hrs | 1 | by Tonderai Ndoro
Zimbabwe's ZPC struggles to procure new equipment
Zimbabwe Power Company (ZPC) management highlighted the ongoing challenge of insufficient funds for procuring spare parts and equipment to maintain aging machinery, impacting energy sufficiency. Durin...Published: 30 May 2024 at 08:35hrs | 6 | by Staff reporter
Zinara shells ZiG93,9 million to road authorities
The Zimbabwe National Road Administration (Zinara) has disbursed ZiG 93.9 million to road authorities for critical road infrastructure maintenance and development projects across the country.A...Published: 20 May 2024 at 07:45hrs | 16 | by Staff reporter
Private sector against third party insurance takeover
THE government's decision to take over the running of third-party insurance will crowd out the private sector and result in bureaucratic inefficiencies around claims processing, which will destroy eco...Published: 07 Apr 2024 at 10:21hrs | 1 | by Staff reporter
RBZ scraps bank charges for low-cost accounts
IN a move meant to encourage a culture of banking, the Reserve Bank of Zimbabwe (RBZ) has announced the scrapping of bank charges for low-cost accounts.Presenting his first Monetary Policy Sta...Published: 07 Apr 2024 at 10:06hrs | | by Staff reporter
Strive Masiyiwa's Cassava partners Google Cloud
BUSINESS tycoon Strive Masiyiwa's Cassava Technologies yesterday partnered global technology leader Google Cloud and artificial intelligence (AI) company Anthropic to deliver advanced cloud and cyber ...Published: 07 Mar 2024 at 05:08hrs | 5 | by Staff reporter
CBZ opens Johannesburg office
CBZ Bank Limited, a wholly-owned subsidiary of the diversified and listed financial services group CBZ Holdings (CBZH), has opened a new office in Sandton, Johannesburg, South Africa.CBZH prov...Published: 12 Feb 2024 at 13:53hrs | 2 | by Staff reporter
Mnangagwa whips 'errant' ministers
President Emmerson Mnangagwa has castigated his ministers for failing to respect Cabinet business demanding real-time updates on the fight against the cholera epidemic ravaging Zimbabwe and the Sadc r...Published: 07 Feb 2024 at 04:46hrs | | by Staff reporter
More houses for Zimra officers
FINANCE, Economic Development and Investment Promotion Minister, Professor Mthuli, Ncube on Thursday officially commissioned a block of flats built for Zimbabwe Revenue Authority (Zimra) workers deplo...Published: 29 Jan 2024 at 05:56hrs | 1 | by Staff reporter
Zimbabwe gold output declines 15%
Zimbabwe produced 30 metric tons of gold in 2023, 15% less than the previous year, official data showed on Monday, as electricity cuts and currency volatility impacted output.The southern Afri...Published: 10 Jan 2024 at 17:47hrs | 9 | by Staff reporter
Airfares for flights between Zimbabwe and SA dramatically shoot up
AIR fares for flights between Zimbabwe and South Africa - mainly the Harare-Johannesburg and Bulawayo-Johannesburg routes - have shot up dramatically during the festive season (Christmas and New Year ...Published: 27 Dec 2023 at 17:26hrs | 10 | by Staff reporter
Zimbabwe to install 100MW solar plant in Lake Kariba
THE Government will next year float solar panels in Lake Kariba to produce an initial 100 megawatts (MW) to boost the Kariba South Hydropower Station's electricity generation and promote green energy....Published: 24 Dec 2023 at 16:09hrs | 8 | by Staff reporter
Zimbabwe currency crisis holding back power deals
ENERGY and Power Development minister Edgar Moyo says investments into Zimbabwe's power sector have been affected by high currency induced risks.However, Moyo told businessdigest that currency...Published: 22 Dec 2023 at 18:23hrs | 8 | by Staff reporter
Power cuts costing Zimbabwe US$1,2 billion
THE World Bank has urged the government to address the country's energy deficit after estimating that power cuts are costing the economy at least US$1,27 billion annually.In its fourth Zimbabw...Published: 14 Dec 2023 at 12:37hrs | 1 | by Staff reporter
Mnangagwa cracks whip
PRESIDENT Mnangagwa yesterday cracked the whip on slackening ministers as he charged his troops to keep shoulders on the wheel towards the attainment of the nation's Vision and aspirations.He ...Published: 13 Dec 2023 at 05:12hrs | | by Staff reporter
Professor Ncube readies Zimbabwe's budget
AS Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, readies to present the 2024 National Budget tomorrow, expectations are high that it will consolidate prevail...Published: 29 Nov 2023 at 05:08hrs | 10 | by Staff reporter
Zesa plans to connect 3 million rural households
ZESA plans to connect at least three million rural households in Zimbabwe over the next four years via solar-energy home kits as well as grid connections where possible to support the major catch-up i...Published: 13 Nov 2023 at 05:45hrs | 1 | by Staff reporter
Mnangagwa commissions US$7.3m plant
PRESIDENT Mnangagwa yesterday commissioned a US$7,3 million National Oil Company of Zimbabwe (NOIC) ethanol storage and handling facility, that will help save foreign currency, create employment and p...Published: 09 Nov 2023 at 05:53hrs | 9 | by Staff reporter
Will the new ‘ZiG' ‘gold backed' digital currency alleviate Zimbabwe's currency stability woes?
THE chronic problem of Zimbabwe's economy has its roots in the land reform activities that began more than 30 years ago.The principle of ‘ethnic balance' in land ownership was fair. The prob...Published: 08 Oct 2023 at 08:02hrs | 1 | by John Mc Keown
Next Zimbabwe President faces uphill task
ZIMBABWE is facing a host of pressing challenges that voters dearly want the next president to address. Persistently high inflation, elevated interest rates, and a slumping and volatile Zimbabwe dolla...Published: 17 Aug 2023 at 06:52hrs | 8 | by Jonathan Munemo
Johane Marange throws its weight behind Mnangagwa?
The Johane Marange Apostolic Church has thrown its weight behind President Mnangagwa and his administration ahead of the August 23 harmonised elections.The church has also called for peace to ...Published: 15 Aug 2023 at 06:31hrs | 10 | by Staff reporter
Zimbabwe judges must not be fazed by critics, says CJ Malaba
JUDGES handling high profile political cases should not be fazed by critics of their legal decisions as the Judicial Service Commission (JSC) has their backing and ready to defend them should the need...Published: 02 Aug 2023 at 06:49hrs | 8 | by Staff reporter
Zimbabwe sugar estates to be sold to Tanzania's Kagera Sugar
South Africa's Tongaat Hulett is to sell its sugar estates, including those in Zimbabwe, to Kagera Sugar, one of East Africa's largest sugar producers.This is part of a plan to rescue Tongaat ...Published: 21 Jul 2023 at 18:23hrs | 1 | by Staff reporter
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