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Zambia signs $1.1 billion deal with Chinese firm
Zambia has signed a US$1.1 billion Memorandum of Understanding (MoU) with China's Fujian Xiang Xin Corporation for the development of a crude oil refinery and energy complex in Ndola, in a move expect...Published: 3 hrs ago | 176 | by Staff reporter
Mnangagwa concludes Japan visit
President Emmerson Mnangagwa on Friday concluded a five-day working visit to Japan aimed at deepening diplomatic and economic ties, strengthening Zimbabwe's investment appeal, and positioning the coun...Published: 19 Jul 2025 at 09:10hrs | 203 | by Staff reporter
Chinese national in court for alleged US$322k fraud
A Chinese national appeared before the Harare Regional Magistrates Court on Thursday facing allegations of defrauding a client of US$322,381 under the pretext of supplying minerals and securing an exp...Published: 18 Jul 2025 at 20:54hrs | 241 | by Staff reporter
Harare plunged into darkness as Zesa switches off tower lights
Harare's last remaining tower lights were switched off this week, plunging Zimbabwe's capital further into darkness - a stark metaphor for the city's deepening governance crisis and financial dysfunct...Published: 18 Jul 2025 at 14:46hrs | 416 | by Staff reporter
US deports five 'barbaric' migrants to Eswatini
The US has deported five people who it described as "criminal illegal aliens" to the southern African kingdom of Eswatini.On board the flight were five deportees from Vietnam, Jamaica, Laos, C...Published: 17 Jul 2025 at 21:11hrs | 948 | by Staff reporter
Corruption rife at Beitbridge border post
The Zimbabwe Anti-Corruption Commission (ZACC) has revealed that it has recorded 150 cases of corruption at the Beitbridge Border Post over the past four years, primarily involving collusion between Z...Published: 16 Jul 2025 at 07:43hrs | 1695 | by Staff reporter
Zimbabwe govt warns Chinese firms over illicit deals
The Office of the President and Cabinet (OPC) has issued a sharp and public rebuke to Chinese businesses operating in Zimbabwe, warning them to immediately halt illicit financial activities, environme...Published: 16 Jul 2025 at 07:41hrs | 515 | by Staff reporter
'Surge in forex inflows a boon for ZiG stability'
Zimbabwe's foreign currency receipts surged by 22 percent to US$6 billion in the first five months of 2025, according to the Reserve Bank of Zimbabwe (RBZ), a development anal...Published: 14 Jul 2025 at 07:52hrs | 134 | by Staff reporter
Zimbabwe adopts multi-pronged strategy to manage debt
Zimbabwe is pursuing a multi-faceted approach to address its US$21 billion debt obligations, with the government considering leveraging the country's abundant natural resource...Published: 14 Jul 2025 at 07:47hrs | 125 | by Staff reporter
State diamond firm lays off hundreds to avoid collapse
Zimbabwe's state-controlled diamond miner, the Zimbabwe Consolidated Diamond Company (ZCDC), has launched a major retrenchment exercise in a desperate bid to stave off collapse, following a brutal cra...Published: 13 Jul 2025 at 11:08hrs | 147 | by Staff reporter
Sugar stocks exceed national demand
Zimbabwe's leading sugar producers, Hippo Valley Estates and Triangle, have moved to allay fears of shortages and price hikes, assuring the nation that local sugar stocks are more than adequate to mee...Published: 11 Jul 2025 at 08:25hrs | 85 | by Staff reporter
Zacc raises red flag over corruption in shipping and forwarding sector
The Zimbabwe Anti-Corruption Commission (ZACC) has raised alarm over a growing number of corruption cases linked to the shipping and forwarding of goods, warning that such practices are costing the co...Published: 10 Jul 2025 at 18:32hrs | 364 | by Staff reporter
Zimbabwe central bank reports drop in inflation
The Reserve Bank of Zimbabwe (RBZ) has expressed cautious optimism about the country's economic trajectory, citing encouraging signs in inflation control, exchange rate stability, and foreign currency...Published: 10 Jul 2025 at 10:11hrs | 179 | by Staff reporter
Companies reel under crippling costs, regulatory chaos
Zimbabwe's formal business sector is under severe strain as economic pressures mount, with industry leaders warning that ongoing policy inconsistencies, regulatory confusion, and worsening macroeconom...Published: 10 Jul 2025 at 09:08hrs | 248 | by Staff reporter
Crackdown on cigarettes smuggling continues between SA and Zimbabwe
Security agencies from South Africa and Zimbabwe are intensifying their efforts to combat the smuggling of cigarettes between the two countries, a trade that is significantly undermining revenue colle...Published: 10 Jul 2025 at 09:05hrs | 159 | by Staff reporter
Illegal lithium exports undermine Zimbabwe's mineral wealth
In 2023, Peter, a truck driver, approached a border checkpoint between Zimbabwe and Mozambique carrying a sealed container he believed held chrome, a mineral listed on the shipment paperwork. Having t...Published: 10 Jul 2025 at 09:00hrs | 239 | by Staff reporter
Zimbabwe's foreign currency reserves surge
Zimbabwe's foreign currency reserves have maintained strong momentum, with the Reserve Bank of Zimbabwe (RBZ) reporting that, by the end of June 2025, the reserve holdings were more than three times h...Published: 10 Jul 2025 at 08:56hrs | 128 | by Staff reporter
MCAZ targets WHO Maturity Level 4 certification
Zimbabwe's medicines regulator, the Medicines Control Authority of Zimbabwe (MCAZ), has embarked on an ambitious journey to achieve Maturity Level 4 under the World Health Organization (WHO)'s G...Published: 08 Jul 2025 at 12:11hrs | 96 | by Staff reporter
The social implosion of American society!
The Biden administration allowed 13 million immigrants into the US, who would support them had they been re-electedI was surprised, when reading a report from Zimbabwe Statistics (ZimStat) tha...Published: 06 Jul 2025 at 13:51hrs | 351 | by Kenneth Mufuka
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
Zimbabwe govt owes SeedCo US$40m
Seed Co Limited is reeling from a severe liquidity crisis after the government, its biggest shareholder, failed to pay a staggering US$40 million for seed deliveries made over the past 18 months, the ...Published: 04 Jul 2025 at 12:38hrs | 201 | by Staff reporter
Starafrica feels the pinch of sugar tax
Local sugar producer Starafrica Corporation says it is grappling with weak demand for industrial sugar, with the government-imposed sugar tax on beverages negatively affecting some of its key customer...Published: 04 Jul 2025 at 12:33hrs | 94 | by Staff reporter
Zimbabwe gold exports jump 25% in June
Zimbabwe's gold exports soared by 24 percent in the first five months of 2025, reaching US$748 million compared to US$599.2 million during the same period in 2024, according to figures released by the...Published: 04 Jul 2025 at 09:22hrs | 142 | by Staff reporter
Timber shortage hits Zimbabwe
Zimbabwe is grappling with a serious timber shortage that has left the local market heavily reliant on imports from neighbouring countries, particularly South Africa, as deep-rooted challenges continu...Published: 04 Jul 2025 at 07:39hrs | 233 | by Staff reporter
Zimbabwe's RBZ scraps heavy-handed forex controls
The Reserve Bank of Zimbabwe (RBZ) has officially abandoned its stringent enforcement of exchange rate controls, marking a significant policy shift aimed at fostering market stability, restoring busin...Published: 03 Jul 2025 at 12:32hrs | 1687 | by Staff reporter
EU Warns Zimbabwe
The European Union (EU) has issued a stark warning to Zimbabwe, urging the government to implement urgent reforms to strengthen the rule of law, combat corruption, and ensure policy predictability. Wi...Published: 03 Jul 2025 at 12:31hrs | 1062 | by Staff reporter
Iran-Israel conflict threatening Zimbabwe's economy
The recent breakdown of ceasefire agreements between Iran and Israel has raised alarms over a potential full-scale conflict in the Middle East, with serious global economic repercussions that could se...Published: 03 Jul 2025 at 12:30hrs | 307 | by Staff reporter
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 | 214 | by Staff reporter
Zimbabwe's GDP grows 2.9% to US$45.7 billion
Zimbabwe's economy expanded by 2.9 percent in 2024, with the Gross Domestic Product (GDP) rising to US$45.7 billion from US$44.4 billion in 2023, according to the latest figures released by the Zimbab...Published: 02 Jul 2025 at 17:46hrs | 164 | by Staff reporter
Fidelity Gold launches elite enforcement unit
Fidelity Gold Refinery (Private) Limited has launched a dedicated Gold Trade Enforcement Unit (GTEU), a landmark development aimed at clamping down on illegal gold trading, smuggling, and value chain ...Published: 01 Jul 2025 at 12:23hrs | 286 | by Staff reporter
Farmers urged to adopt cluster farming
Farmers in Mwenezi East, Masvingo province, have been encouraged to adopt cluster farming as a strategy to increase production, enhance food security, and generate export-ready surplus grain.T...Published: 01 Jul 2025 at 08:04hrs | 91 | by Staff reporter
Warrant of arrest for Shawashi Agri boss
A warrant of arrest has been issued against Shawashi Agri Private Limited managing director, Lillian Nyamasoka, after she failed to appear in court to answer to serious fraud allegations involving ove...Published: 30 Jun 2025 at 18:35hrs | 600 | by Staff reporter
ZB Bank secures US$5 million Afreximbank facility
ZB Bank Limited has secured a US$5 million loan facility from the African Export-Import Bank (Afreximbank), aimed at supporting small and medium enterprises (SMEs) in Zimbabwe, particularly those enga...Published: 30 Jun 2025 at 13:07hrs | 126 | by Staff reporter
Zimbabwe's teacher shortage crisis worsens
Zimbabwe's education sector is facing mounting pressure as the teacher-to-pupil ratio has climbed to an alarming 1:45-far above the recommended standard of one teacher for every 20 learners in early c...Published: 30 Jun 2025 at 09:06hrs | 313 | by Staff reporter
Foreign investment fuels Matabeleland gold rush
A surge in foreign investment and exploration activity in Zimbabwe's Matabeleland region is being hailed by mining analysts as a strong vote of confidence in the country's mining sector. This renewed ...Published: 29 Jun 2025 at 19:02hrs | 2695 | by Staff reporter
Harare company director dupes Chinese investors
A local businesswoman, Lilian Nyamasoka, is now a fugitive from justice after a Harare magistrate issued a warrant for her arrest on Thursday for failing to appear in court to answer to two counts of ...Published: 29 Jun 2025 at 12:03hrs | 155 | by Staff reporter
Harare company director dupes Chinese investors
A local businesswoman, Lilian Nyamasoka, is now a fugitive from justice after a Harare magistrate issued a warrant for her arrest on Thursday for failing to appear in court to answer to two counts of ...Published: 29 Jun 2025 at 12:03hrs | 86 | by Staff reporter
Zimbabwe suspends excise duty on raw wine imports
In a move aimed at boosting the local wine industry, the Zimbabwean government has suspended excise duty on imported raw wine for approved manufacturers. The measure, announced through Statutory Instr...Published: 28 Jun 2025 at 15:06hrs | 112 | by Staff reporter
Mangudya calls for equitable IMF fund disbursements
Former Reserve Bank of Zimbabwe (RBZ) governor and current CEO of Mutapa Investment Fund, John Mangudya, has urged the International Monetary Fund (IMF) to ensure equitable disbursements of funds to A...Published: 28 Jun 2025 at 14:44hrs | 70 | by Staff reporter
Parly pushes for urgent overhaul of Zimbabwe's outdated steel laws
Parliament has called for swift amendments to Zimbabwe's antiquated Iron and Steel Act of 1942, warning that the outdated legislation is stifling the country's steel industry, undermining export compe...Published: 26 Jun 2025 at 11:18hrs | 270 | by Staff reporter
Zimbabwe maize imports to decline
Zimbabwe's maize imports are set to decline significantly this year as better rainfall has boosted crop yields across the country, easing pressure on food security.According to the latest repo...Published: 26 Jun 2025 at 09:59hrs | 274 | by Staff reporter
Zimra surpasses revenue target by 10%
The Zimbabwe Revenue Authority (Zimra) has exceeded its 2024 revenue collection target by 10.26%, raking in ZWG116.47 billion against a projected ZWG105.63 billion, according to its latest annual repo...Published: 25 Jun 2025 at 14:33hrs | 113 | by Staff reporter
Chivayo exposed as the beneficiary of cancer machine contract
Embattled businessman and ZANU PF-linked tenderpreneur Wicknell Chivayo has been exposed as the beneficiary of a staggering US$437 million government contract for the supply of cancer treatment equipm...Published: 24 Jun 2025 at 13:15hrs | 1235 | by Staff reporter
Lithium rush a crossroads for Zimbabwe's future
Africa, which holds significant estimated shares of the world's total reserves of bauxite (24%), cobalt (49.4%), copper (7%), graphite (21%), lithium (6%), manganese (43%), nickel (4.2%) and rare eart...Published: 24 Jun 2025 at 10:27hrs | 316 | by Sikhululekile Mashingaidze and Stephen Buchanan-Clarke
Lake Kariba black market fish trade fuels illicit financial flow
A booming black market fish trade along Lake Kariba, driven by the illegal use of cheap twine nets, is undermining Zimbabwe's formal fishing economy and fuelling millions of dollars in illicit financi...Published: 22 Jun 2025 at 09:08hrs | 217 | by Staff reporter
Zimbabwe sets new tobacco production record
Zimbabwean tobacco farmers have shattered previous production records, harvesting a staggering 306.2 million kilograms of the golden leaf this season - a new all-time high for the country. The achieve...Published: 20 Jun 2025 at 17:46hrs | 146 | by Staff reporter
Job losses plague Zimbabwe's retail, mining sectors
Zimbabwe is facing a deepening employment crisis, with thousands of workers losing their jobs across the retail and mining sectors, as worsening power shortages, policy inconsistencies, and a sluggish...Published: 20 Jun 2025 at 17:31hrs | 98 | by Staff reporter
IMF withholds Zimbabwe reform programme
The International Monetary Fund (IMF) has signalled that Zimbabwe's much-anticipated Staff Monitored Programme (SMP) - a critical step in the country's economic reform and debt resolution strategy - w...Published: 20 Jun 2025 at 07:39hrs | 2209 | by Staff reporter
Mthuli Ncube under pressure to ease tax burden
Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube is facing mounting pressure from business leaders and economists to overhaul Zimbabwe's tax regime, with demands ...Published: 19 Jun 2025 at 11:24hrs | 1281 | by Staff reporter
Private sector, experts hail Zimra's TaRMS tax regime
Private sector players and financial experts have praised Zimbabwe's Tax and Revenue Management System (TaRMS) for significantly improving taxpayer accessibility and compliance, particularly among sma...Published: 19 Jun 2025 at 07:16hrs | 207 | by Staff reporter
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