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Zimbabwe foreign currency remittances hit US$1,2 billion
FOREIGN currency remittances surged by 16,5% to hit a record US$1,2 billion in the first half of 2024 leaving diasporans standing out as lucrative foreign currency earners for the economy.The ...Published: 19 hrs ago | 358 | by Staff reporter
Zimbabwe, United Kingdom trade up 67%
Trade between Zimbabwe and Britain surged by 67 percent to over US$800 million in 2023 compared to 2022, according to UK deputy ambassador to Zimbabwe, Dr. Joanne Abbot. Speaking at the launch...Published: 19 hrs ago | 98 | by Staff reporter
Willowton to unveil US$7m margarine plant
Willowton, a Mutare-based producer of edible oils and soaps, is about to launch a new margarine plant. The facility, currently in test runs, will begin full production in September with a monthly capa...Published: 24 Jul 2024 at 09:16hrs | 299 | by Staff reporter
2 Zimra officers busted in 26 chrome trucks smuggling deal
Two Zimbabwe Revenue Authority (Zimra) officers stationed in Beitbridge have been arrested for colluding with two other suspects to facilitate the illegal exportation of 26 trucks loaded with chrome c...Published: 23 Jul 2024 at 07:17hrs | 996 | by Staff reporter
Zimbabwe eyes US$272 billion global cannabis market
Zimbabwe's favorable climate for cultivating high-quality medicinal and recreational cannabis, combined with appropriate regulations and robust marketing strategies, holds significant economic potenti...Published: 22 Jul 2024 at 07:49hrs | 271 | by Staff reporter
US keen to mend relations with Zimbabwe despite Mnangagwa sanctions
The United States has expressed its readiness to enhance relations with Zimbabwe, aiming to become a reliable and consistent partner. This announcement came as new ambassadors from the US, Ireland, Ja...Published: 18 Jul 2024 at 06:25hrs | 190 | by Staff reporter
Zimbabwe lifts ban on importation of cars more than 10 years old?
The Government of Zimbabwe has eased the ban on importing cars older than ten years for diplomats, returning residents, and inherited vehicles. Earlier this year, under SI 54 of 2024, the gove...Published: 16 Jul 2024 at 06:57hrs | 2671 | by Staff reporter
Botswana signs coal export deal with Zimbabwe and Mozambique
Botswana, home to Africa's third-largest coal reserves, is exploring a potential new export pathway. The country has entered into an agreement with Zimbabwe and Mozambique to advance a substantial rai...Published: 15 Jul 2024 at 11:11hrs | 349 | by Staff reporter
Zimbabwe's lithium gambit: Navigating China-US rivalry
Lithium is Zimbabwe's third-largest mineral export after gold and platinum group of metals, bringing in US$2,46 billion and US$2,27 billion, respectively, in 2023.AS the world is going through...Published: 15 Jul 2024 at 08:17hrs | 214 | by Samir Bhattacharya
Stanbic Bank named national winners for supporting Micro, SMEs in Zimbabwe
Leading financial services institution, Stanbic Bank has been named National Winner for supporting micro, small to medium enterprises in Zimbabwe by the Zimbabwe National Chamber of Commerce (ZNCC)....Published: 12 Jul 2024 at 10:35hrs | 47 | by Staff Reporter
Zimbabwe should ditch the toxic US dollar
Zimbabwe's economy has been intertwined with the US dollar for over a decade, a relationship that began as a pragmatic response to hyperinflation and economic collapse in the late 2000s. The adoption ...Published: 12 Jul 2024 at 09:46hrs | 45 | by Staff writer
Zimbabwe economy on the upswing, rating agency says
ICRA Rating, a UAE-based credit rating agency, has lauded Zimbabwe's economy for demonstrating impressive resilience and growth. The agency attributes this positive outlook to recent government initia...Published: 12 Jul 2024 at 09:15hrs | 28 | by Staff reporter
Govt acts against expired, underweight food products
Government has taken decisive action to address the proliferation of expired and counterfeit food products in Zimbabwe, particularly in tuckshops across central business districts. Health and ...Published: 12 Jul 2024 at 09:13hrs | 5 | by Staff reporter
Why Zimbabwe should break free from the US dollar's grip
Government Up Close"Normalcy is that a country must have its own currency," President Mnangagwa is on record highlighting this fact.Some people have argued that one of the gravest fina...Published: 11 Jul 2024 at 14:10hrs | 59 | by Nick Mangwana
Zimbabwe to craft gemstone marketing framework
The Government of Zimbabwe is developing a framework for marketing gemstones to address concerns over millions of US dollars being lost annually due to smuggling. The initiative includes crafting a ge...Published: 08 Jul 2024 at 16:37hrs | 2 | by Staff reporter
Zimbabwe company ventures into lithium battery production
Verify Engineering, a Zimbabwean company, has started lithium battery production, aligning with Zimbabwe's focus on mineral value addition and beneficiation. With Africa's largest lithium reserves, Zi...Published: 08 Jul 2024 at 10:50hrs | 7 | by Staff reporter
Please stop making our children idolize tyranny, Mr. President!
Children usually become like their parents.That is why there is the saying, 'an apple doesn't fall far from the tree'.The greatest ability children were given by the Creator, as a lear...Published: 04 Jul 2024 at 20:21hrs | 4 | by Tendai Ruben Mbofana
Zimbabwe economy could hamper Mnangagwa's Brics ambition
President Emmerson Mnangagwa has announced Zimbabwe's readiness to join the BRICS grouping, claiming the country now has a stable currency and solid economic fundamentals. BRICS, comprising Brazil, Ru...Published: 02 Jul 2024 at 12:49hrs | 2 | by Staff reporter
Zambia to criminalise the use of US$ in local economy
Zambia's central bank published plans to criminalize the use of foreign currency in the local economy amid the biggest rally in the kwacha in four months.The southern African nation has faced ...Published: 01 Jul 2024 at 08:46hrs | 3 | by Staff reporter
Zimbabwe invites Türkiye to Sadc exhibition
Zimbabwe has invited Türkiye's Foreign Economic Relations Body (DEIK) to participate in the SADC Industrialisation Week, set to take place from July 28 to August 2 at the Harare International Confere...Published: 01 Jul 2024 at 03:51hrs | 4 | by Staff reporter
David Coltart to lead delegation to Indonesia
Bulawayo Mayor, Councillor David Coltart, will lead a delegation to Jakarta, Indonesia, to highlight the city's investment opportunities in digital connectivity, food systems, energy access, and job c...Published: 30 Jun 2024 at 18:18hrs | | by Staff reporter
South African GNU and Zimbabwe economy
GNU as portfolio controlThis week, South Africa's President Cyril Ramaphosa was inaugurated for his second and last term in office under the current Constitution.What is now awaited is...Published: 22 Jun 2024 at 11:28hrs | 2 | by @Jamwanda2 on Saturday
Zimbabweans enjoy border digitisation gains
The digitization of the Beitbridge port of entry through the Zimbabwe Electronic Single Window (ZESW) platform is significantly improving trade facilitation and clearance efficiency. Introduced in 202...Published: 19 Jun 2024 at 07:23hrs | | by Staff reporter
Dinson Colliery expansion to boost production, exports
Hwange-based Dinson Colliery has launched Phase Four of its operations, featuring 85 coke oven batteries, to enhance infrastructure, boost production, and expand exports. Currently, the company operat...Published: 17 Jun 2024 at 08:57hrs | | by Staff reporter
Mthuli Ncube courts UK investors
Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube emphasized the importance of addressing food loss and waste to enhance food and nutrition security, particularly in light ...Published: 15 Jun 2024 at 12:12hrs | | by Staff reporter
Manhize steel plant commences pig iron production
The Dinson Iron and Steel Company (Disco) plant in Manhize, Midlands Province, marked a significant milestone on Wednesday with the blast furnace commencing pig iron production. This US$1.5 billion pr...Published: 15 Jun 2024 at 10:59hrs | | by Staff reporter
Intra-Africa exports surge
At the 31st Afreximbank Annual Meetings in Nassau, The Bahamas, Kwazulu-Natal premier Nomusa Dube-Ncube highlighted Africa's growing intracontinental commerce, which now constitutes 16.3% of total tra...Published: 13 Jun 2024 at 10:26hrs | | by Staff reporter
World's most expensive cow sets new Guinness World Record
The owners erected two billboards showcasing the cow along the highway traversing the state, which attracted curious locals and busloads of veterinary students eager to view this 'super cow'.T...Published: 12 Jun 2024 at 06:18hrs | | by Staff reporter
Zimbabwe CIO's business network
Zimbabwe's Central Intelligence Organisation (CIO) likely has a secret stream of money, The Sentry has found. Publicly availa...Published: 10 Jun 2024 at 17:53hrs | 9 | by Staff reporter
Manufacturing sector on the rise in Zimbabwe
Zimbabwe's manufacturing sector is experiencing a significant resurgence, with capacity utilization surging to 53.2 percent, driven by growth in food, tobacco, cotton, leather, timber, furniture, phar...Published: 10 Jun 2024 at 14:03hrs | 35 | by Tonderai Ndoro
Zimbabwe to set up vape factory
Zimbabwe is poised to become a regional hub in the tobacco value chain with the establishment of a multi-billion dollar vape production factory. This facility will extract nicotine from tobacco stalks...Published: 04 Jun 2024 at 11:49hrs | | by Staff reporter
Zimbabwe wants to send English teachers to South Korea
Zimbabwe has initiated negotiations with South Korea to be recognized as an English-speaking country, aiming to create job opportunities for local English teachers in the affluent Asian nation, accord...Published: 03 Jun 2024 at 13:39hrs | | by Staff reporter
Zimbabwe to look East for trophy hunting export markets
Zimbabwean wildlife authorities are eyeing trophy hunting export markets in the East as some European countries move to ban trophy imports, an official said on Tuesday.The European Parliament ...Published: 03 Jun 2024 at 12:13hrs | 2 | by Staff reporter
'Zimbabwe a top 5 gold smuggler'
A recent report titled "On the Trail of African Gold: Quantifying Production and Trade to Combat Illicit Flows" by SWISSAID reveals that Zimbabwe ranks among the top five African countries engaged in ...Published: 03 Jun 2024 at 09:14hrs | 2 | by Staff reporter
Zimbabwe mulls probe into drop in gold output
The government is considering investigating the small-scale gold mining sector to determine the factors behind the recent decline in deliveries, amid fears of increased smuggling. Gold production from...Published: 02 Jun 2024 at 09:04hrs | | by Staff reporter
Warm reception for Zimbabwean blueberries in South Africa
The Zimbabwean blueberry export season commenced in mid-April, with the first products being shipped to South Africa where blueberry prices remain favourable. "The market has to be good to mak...Published: 28 May 2024 at 10:18hrs | | by Staff reporter
'Green Bombers' join ZiG campaign
As the Reserve Bank of Zimbabwe grapples with making the new currency work by using several measures including a crackdown on illegal money changers, government's quasi-military wing, the National You...Published: 25 May 2024 at 13:00hrs | | by Staff reporter
Zimbabwean blueberry producers seek access to Chinese market
At a farm in Marondera, about 80 kilometers east of the Zimbabwean capital Harare, blueberries are ripening in May. Workers carefully pick the plump berries from the shrubs, ensuring not to damage the...Published: 24 May 2024 at 08:22hrs | 2 | by Staff reporter
Africa must move with time
As we commemorate Africa Day, we need to reflect on the potential the continent has and devise ways to improve on our weaknesses and make the continent great.Africa is often referred to as a "...Published: 23 May 2024 at 19:18hrs | | by Leonard Koni
Zimbabwe applies for ISO code for ZiG
The Reserve Bank of Zimbabwe (RBZ) is actively pursuing an International Organisation for Standardisation (ISO) code for the Zimbabwe Gold (ZiG), signaling its intention to establish ZiG as an indepen...Published: 22 May 2024 at 10:14hrs | 4 | by Staff reporter
China to revamp Zimbabwe railway company
Zimbabwe is in talks with China Railway Group Ltd. to help modernize the state-owned National Railways of Zimbabwe."We believe that we could make use of their expertise and financial muscle to...Published: 22 May 2024 at 09:25hrs | | by Staff reporter
Zimbabwe shut out of poorly attended US-Africa summit
ZIMBABWE was conspicuous by its absence at the recently held US-Africa Business Summit held in Houston, Texas, in stark contrast to last year's edition held in Botswana attended by President Emmerson ...Published: 21 May 2024 at 16:25hrs | 4 | by Staff reporter
NRZ, Chinese firm in US$500 million investment deal
THE National Railways of Zimbabwe (NRZ) is gaining momentum in its recapitalisation efforts, as it has signed a lucrative agreement with TransTech, a subsidiary of China Railway International Group (C...Published: 20 May 2024 at 09:24hrs | 3 | by Staff reporter
Zimbabwe load-shedding will not exceed stage-1 during winter season
ZIMBABWEANS can expect significantly limited load-shedding this winter season owing to considerably improved national grid stability that followed the commissioning of new generation units at Hwange T...Published: 20 May 2024 at 08:42hrs | 1 | by Staff reporter
Airports Company of Zimbabwe gets equipment from Belarus
The Airports Company of Zimbabwe (ACZ) has received a donation of facilitation equipment from Bison Agro Machinery, a Belarusian company, highlighting the strengthening relations between Zimbabwe and ...Published: 20 May 2024 at 07:37hrs | | 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 | 2 | 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 | | 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 | | by Leonard Koni
RBZ is the problem not ZiG!
Before going to press on the Zimbabwe currency crisis, I had seven questions I wanted authoritatively answered. Professor Gift Mugano was the answer."Isn't he the one who is supposed to disapp...Published: 16 Apr 2024 at 17:58hrs | | by Kenneth Mufuka
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
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