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Stanbic Bank Steps up efforts to promote International Trade
Harare - 20 November 2024 - Leading financial services institution, Stanbic Bank Zimbabwe has stepped up efforts to promote international trade by launching an e-book which guides locals on how to sou...Published: 20 Nov 2024 at 21:09hrs | 93 | by Agencies
Zimbabwe secures US$1,5bn for dams, irrigation and power projects
Zimbabwe has successfully raised over US$1.5 billion in funding to advance major dam projects across the country, including Musami Dam, which will supply water to the developing capital city in Mt Ham...Published: 10 Nov 2024 at 10:45hrs | 207 | by Staff reporter
Weak currency key to economic growth, says Mthuli Ncube
Finance, Economic Development and Investment Promotion Minister Mthuli Ncube has defended Zimbabwe's weak domestic currency, asserting that it has played a crucial role in fostering economic growth. S...Published: 31 Oct 2024 at 06:52hrs | 646 | by Staff reporter
RBZ pumps US$32 million into market
The Reserve Bank of Zimbabwe (RBZ) has infused approximately US$32 million into the interbank foreign exchange market over the past three weeks to stabilize the Zimbabwe Gold (ZiG) currency and addres...Published: 27 Oct 2024 at 12:19hrs | 155 | by Staff reporter
Zesa unveils strategy to end load-shedding
ZESA Holdings has announced a transformative strategy to eliminate load-shedding by next year and achieve universal electricity access across Zimbabwe by 2030. The plan, detailed by ZESA executive cha...Published: 25 Oct 2024 at 08:44hrs | 307 | by Staff reporter
Zimbabwe's value-added exports rise to US$244,5 million
Zimbabwe's export sector is experiencing a significant upswing, driven by a marked increase in value-added products and local manufacturing, signaling a promising path toward sustainable economic grow...Published: 18 Oct 2024 at 12:29hrs | 541 | by Staff reporter
George Guvamatanga rules out Zimbabwe exchange-rate convergence
Zimbabwe won't allow the street rate of the ZiG to determine where its official rate should be as it isn't driven by market fundamentals, a senior Treasury official said.The ZiG is trading at ...Published: 18 Oct 2024 at 08:53hrs | 1701 | by Staff reporter
Mnangagwa lauds exports surge
President Emmerson Mnangagwa has commended Zimbabwe's productive sector for its significant role in driving exports of goods and services, calling it a vital catalyst for the country's industrialisati...Published: 18 Oct 2024 at 08:39hrs | 64 | by Staff reporter
Zimbabwe's SADC Chairmanship offers new opportunities
Zimbabwe's chairmanship of the Southern African Development Community (SADC) offers a prime opportunity for local businesses to shape the regional economic agenda and benefit from the African Continen...Published: 18 Oct 2024 at 08:38hrs | 125 | by Staff reporter
Mnangagwa in Bulawayo for ZimTrade indaba
President Emmerson Mnangagwa arrived in Bulawayo yesterday, where he is set to officially open the ZimTrade Annual Exporters Conference today. The event, hosted at the Zimbabwe International Exhibitio...Published: 17 Oct 2024 at 08:50hrs | 108 | by Staff reporter
Mnangagwa's adviser says ZiG is 'doomed', warns RBZ Governor
Local economist and adviser to President Emmerson Mnangagwa, Eddie Cross, has issued a stark warning to Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu, cautioning that the country's new Zim...Published: 15 Oct 2024 at 18:10hrs | 5661 | by Staff reporter
Used clothes take Zimbabwe by storm
Kimberley Dube takes great care with her appearance. She always looks sharp and fashionable in smart-looking jeans, t-shirts, sweatpants, tops, and designer sneakers."I love jeans - can't get ...Published: 02 Oct 2024 at 11:24hrs | 621 | by Staff reporter
Zimbabwe struggles to capitalize on EU trade opportunities
Zimbabwe has yet to fully exploit significant export opportunities within the European Union (EU) under a duty-free agreement, despite the EU's vast market, which boasts a US$19 trillion gross domesti...Published: 20 Sep 2024 at 09:37hrs | 339 | by Staff reporter
Zimbabwean blueberries set to reach global markets with Dutch logistics support
In a major boost for Zimbabwe's agricultural sector, Dutch ambassador in Harare Margret Verwijk has announced that 6 million kilograms of Zimbabwean blueberries are en route to key international desti...Published: 18 Sep 2024 at 18:10hrs | 557 | by Staff reporter
Zimbabwe aims to maximize gold revenue amid global demand surge
The Ministry of Mines has officially launched the 2024 Second Gold Mobilisation exercise, a strategic initiative designed to ensure compliance and optimize revenue from Zimbabwe's gold mining sector. ...Published: 17 Sep 2024 at 06:49hrs | 160 | by Staff reporter
Zimbabwean exporters granted duty-free access to UK markets
Zimbabwean exporters have been encouraged to explore new markets and boost exports through the United Kingdom's Eastern and Southern Africa Economic Partnership Agreement (UK ESA EPA), which offers si...Published: 16 Sep 2024 at 13:36hrs | 478 | by Staff reporter
Zimbabwe avocado producers to join SA exporters in China shipments
Avocado producers from Zimbabwe will join South African exporters in sending fruit to China, it has emerged. According to the Harare-based Horticultural Development Council, "Avocados can now ...Published: 08 Sep 2024 at 12:18hrs | 302 | by Staff reporter
Zimbabwe needs $1.6bn to lift crop output after El Nino induced drought
ZIMBABWE needs $1.64 billion to bolster crop production after a devastating drought increased food insecurity and prompted a state of disaster.The southern African nation is targeting a more t...Published: 08 Sep 2024 at 09:46hrs | 62 | by Staff reporter
Zimbabwe central bank injects US$190 million to meet forex demand
Zimbabwe's central bank has injected US$190 million into the foreign-exchange market to meet demand for dollars and maintain economic stability since the introduction of a new bullion-backed currency,...Published: 03 Sep 2024 at 14:37hrs | 465 | by Staff reporter
Zimbabwe central bank says it's intervening in foreign exchange market
Zimbabwe's central bank said it's "strategically intervening" in the foreign-exchange market to meet demand for dollars among lenders amid a slump in the nation's bullion-backed currency.The i...Published: 31 Aug 2024 at 11:14hrs | 628 | 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: 26 Jul 2024 at 06:34hrs | 130 | by Staff reporter
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 | 1 | 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 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 | 8 | 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 | 5 | by Staff reporter
Annual independent external audit for RBZ reserves
Independent external auditors shall audit Reserve Bank of Zimbabwe (RBZ) precious minerals and foreign currency reserves backing the country's new currency, Zimbabwe Gold (ZiG), once a year as part of...Published: 11 Apr 2024 at 08:32hrs | 14 | by Staff reporter
ZiG is putting lipstick on a pig, says Biti
The Reserve Bank of Zimbabwe (RBZ) on Friday introduced a new currency to be known as the ZiG, which stands for Zimbabwe Gold.RBZ governor John Mushayavanhu said the ZiG would be structured an...Published: 07 Apr 2024 at 10:31hrs | 18 | by Staff reporter
Why Donald Trump's support has been growing!
My friends in Europe and in Africa ask me the perennial question. What makes for Donald Trump's longevity in American politics? And why are the Democrats trying their best to lock him up in a ja...Published: 10 Mar 2024 at 06:59hrs | 15 | by Kenneth Mufuka
Seized Russian fertiliser consignment finally arrives
ABOUT 10 000 tonnes of fertiliser, which are part of the 26 000-tonne consignment from Uralchem Group, a leading Russian agrochemical producer, have arrived in Zimbabwe.Uralchem pledged close ...Published: 25 Feb 2024 at 07:11hrs | | by Staff reporter
Zimbabwe gets more free fertilizer from Russia
A ship carrying 23,000 metric tons of fertilizers has reached and fully offloaded at the port city of Beira in Mozambique, Uralchem Group's press service reported on Monday.The fertilizers wil...Published: 12 Feb 2024 at 15:39hrs | | by Staff reporter
Another plan to rescue Zimdollar
ZIMBABWE is considering overhauling its exchangerate regime as the government seeks new measures to save its beleaguered currency.The latest proposals will be in a monetary policy statement th...Published: 11 Feb 2024 at 21:07hrs | | by Staff reporter
Zimbabwe forex policy chokes exporters
LISTED agricultural concern Ariston Holdings says the 25% export retention coupled with the huge disparity between the interbank exchange rate and the fair market rate used by suppliers is making some...Published: 31 Jan 2024 at 06:59hrs | 1 | by Staff reporter
Drones and fast cargo scanners deployed at the Beitbridge Border Post
Drones and fast cargo scanners have been deployed by the Government at the Beitbridge Border Post as it intensifies the use of modern technologies to curb invasive leakages and smuggling through ports...Published: 26 Jan 2024 at 04:38hrs | 13 | by Staff reporter
Insiza joint venture farmers table proposal to build dam
INSPIRED by the desire to enhance water harvesting and boost climate-proofed food production, seven farmers from Insiza District in Matebeleland South have availed a combined 700 hectares of land for ...Published: 22 Jan 2024 at 04:48hrs | 2 | 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
Zimbabwe CEOs push back on salaries disclosure
THE chief executives (CEOs) of firms trading their shares on Zimbabwe's two stock exchanges have slapped down proposed regulations that would force them to disclose their earnings in line with interna...Published: 22 Dec 2023 at 18:16hrs | 9 | by Staff reporter
Russian free grain due to begin landing in Africa within days
RUSSIAN shipments of donated grain are due to begin landing in Africa within days, giving fresh impetus to its bid to bolster its influence in the continent.President Vladimir Putin promised t...Published: 28 Nov 2023 at 07:53hrs | 1 | by Staff reporter
Zimbabwe poised for more mega power projects
ZESA Holdings says the energy sector is poised for a turning point following proposals by some independent power producers (IPPs) to build two thermal power stations with a combined output of 1 600 me...Published: 28 Nov 2023 at 05:16hrs | 16 | by Staff reporter
Zimbabwe is the leading exporter of Blueberries in the world
ACCORDING to a recent report, Zimbabwe is presently the foremost global exporter of blueberries, outpacing all other nations in growth.The study by EastFruit highlights a surge in blueberry fa...Published: 26 Nov 2023 at 08:58hrs | 6 | by Staff reporter
EU blocks Zimbabwe fertiliser consignment
The European Union (EU) has halted the delivery of approximately 23,000 tonnes of fertiliser donated by Russia to Zimbabwe, as part of its broader blockade on Russian agricultural exports in response ...Published: 29 Oct 2023 at 12:27hrs | | by Staff reporter
'Mnangagwa's Vision 2030 unstoppable'
Vice President Kembo Mohadi expressed that President Mnangagwa has achieved remarkable strides in promoting socio-economic development and has paved the way for the nation to swiftly reach its Vision ...Published: 23 Oct 2023 at 06:12hrs | | by Staff reporter
Stanbic Bank Zimbabwe launches China export guide for local business
Stanbic Bank Zimbabwe on Friday launched an export guide for Zimbabwean exporters and business entities seeking to understand and penetrate the Chinese market.The export guide e-book, which gi...Published: 22 Oct 2023 at 14:17hrs | | by Staff reporter
Zimbabwe becoming the new 'white gold' capital of the world
ZIMBABWE hopes to become the world's largest exporter of the chemical element Lithium.Lithium, or ‘white gold' as it is often known to investors, has become an incredibly valuable resource, ...Published: 16 Oct 2023 at 06:15hrs | | by Staff reporter
Zimbabwe fuel most expensive in Sadc
According to the latest report by the social justice watchdog, Zimbabwe Coalition on Debt and Development (Zimcodd), fuel prices in Zimbabwe are among the highest in the Southern African Development C...Published: 12 Oct 2023 at 06:41hrs | 1 | by Staff reporter
Zimra struggling to clear long queues at Forbes Border Post
The Zimbabwe Revenue Authority (Zimra) has been struggling to address the long queues that have emerged at the Forbes Border Post in Mutare during the past week due to a road traffic accident at the e...Published: 12 Oct 2023 at 06:34hrs | | by Staff reporter
Mnangagwa niece's gold smuggling: State closes case?
The state has closed its case against Henrietta Rushwaya (56) who is appearing in the Anti-Corruption Court at the High Court of Harare on charges of smuggling 6kg of gold valued at USD333 042.28...Published: 24 Sep 2023 at 12:16hrs | 1 | by Staff reporter
Zimbabwe satellite projects another record wheat harvest
Zimbabwe is set to achieve its highest-ever wheat harvest of over 415,000 tonnes this year, a remarkable 10% increase from the previous record. This projection is based on data collected using Zimbabw...Published: 24 Sep 2023 at 08:57hrs | 1 | by Staff reporter
Zimbabwe govt maintains tight monetary, fiscal measures
GOVERNMENT yesterday said it would continue with the tight fiscal and monetary policy measures that include increasing the retention on domestic foreign currency sales to 100%, among others.Ac...Published: 08 Sep 2023 at 06:31hrs | | by Staff reporter
Mnangagwa's defining moment
PRESIDENT Emmerson Mnangagwa is soon expected to appoint members of his Cabinet to drive his agenda for the next five years as Zimbabwe seeks to attain an upper middle-income economy status by 2030....Published: 08 Sep 2023 at 06:31hrs | | by Staff reporter
Zimbabwe targeting Zimdollar return in 5 years
Zimbabwe will continue to put in place measures to entrench the use of the domestic currency because having its own currency forms the basis for sustainable economic growth and development, President ...Published: 06 Sep 2023 at 19:09hrs | 1 | by Staff reporter
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