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Zimbabwe records strong forex surplus
Zimbabwe has experienced sustained foreign currency inflows that not only meet its external payment obligations but have generated a substantial surplus averaging US$400 million per month over the 14-...Published: 8 hrs ago | 65 | by Staff reporter
Zimbabwe govt brokers EU power deals as blackouts unsettle economy
The Zimbabwean government is actively facilitating partnerships between local independent power producers (IPPs) and European Union (EU) investors to secure much-needed funding for critical energy pro...Published: 30 May 2025 at 12:16hrs | 461 | by Staff reporter
Calls mount for amendment of Zimbabwe's outdated Mines and Minerals Act
The long-overdue amendment of Zimbabwe's Mines and Minerals Act (Chapter 21:05) has become a pressing issue as the country grapples with mineral leakages and a lack of transparency in its mining secto...Published: 30 May 2025 at 12:15hrs | 380 | by Staff reporter
Zimbabwe to benefit from surge in remittances
Zimbabwe stands to gain significantly from a projected surge in remittance inflows into Africa, with the African Development Bank (AfDB) forecasting that the continent will receive US$100 billion in r...Published: 30 May 2025 at 08:58hrs | 124 | by Staff reporter
Zimbabwe-Zambia scramble to revive US$5bn power project
More than three decades after it was first proposed, the Batoka Gorge Hydropower Project is back in the spotlight as Zimbabwe and Zambia renew efforts to revive the long-stalled US$5 billion energy ve...Published: 29 May 2025 at 13:22hrs | 3426 | by Staff reporter
Africa set to attract $100 billion in remittance inflows
The African Development Bank (AfDB) has projected that Africa will receive approximately US$100 billion in remittance inflows in 2025, as the continent positions itself to harness the full potential o...Published: 29 May 2025 at 10:20hrs | 24 | by Staff reporter
Zimbabwe's economic reforms gain momentum with IMF deal
Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, has announced that Zimbabwe expects to secure a Staff Level Agreement (SLA) with the International Monetary Fun...Published: 28 May 2025 at 10:38hrs | 81 | by Staff reporter
Afreximbank pegs Zimbabwe growth at 3,8%
The African Export–Import Bank (Afreximbank) has downgraded Zimbabwe's economic growth forecast for 2025 to 3.8%, considerably lower than the optimistic 6% growth target set by the government and Br...Published: 26 May 2025 at 08:32hrs | 189 | by Staff reporter
Zimbabwe's debt indaba on, AfDB meetings start
The African Development Bank Group (AfDB) has commenced its 2025 annual meetings today, featuring key agenda items including Zimbabwe's arrears clearance and debt resolution process, as well as ...Published: 26 May 2025 at 08:31hrs | 140 | by Staff reporter
Zimbabwe missing out on mega EU loans - loans have to be paid back
Zimbabwe is missing out on crucial loans from Europe's largest financial institutions, including the European Investment Bank (EIB), due to its unsustainable debt burden, the European Union's ambassad...Published: 26 May 2025 at 08:16hrs | 46 | by Staff reporter
Power generation to increase at Kariba
Power generation at the Kariba South Hydropower Station is expected to increase to around 500 megawatts (MW) during the upcoming winter season, following improved water allocation by the Zambezi River...Published: 26 May 2025 at 08:14hrs | 89 | by Staff reporter
Zimbabwe eyes tighter gambling rules
The Lotteries and Gaming Board (LGB) has announced plans to tighten regulatory controls over Zimbabwe's gambling industry following rising concerns about illegal gambling operations, financial crimes,...Published: 26 May 2025 at 08:11hrs | 52 | by Staff reporter
Zimra tax audit blitz alarms Zimbabwe business
The Zimbabwe National Chamber of Commerce (ZNCC) has raised concerns over the Zimbabwe Revenue Authority's (Zimra) intensified audit regime, warning that aggressive tax enforcement is placing undue co...Published: 24 May 2025 at 10:59hrs | 231 | by Staff reporter
No end in sight to Zimbabwe's electricity crisis
Zimbabwe is currently grappling with a severe energy crisis, characterized by daily load-shedding lasting up to 16 hours. Meanwhile, neighboring Zambia remains cautiously optimistic about easing its p...Published: 24 May 2025 at 10:59hrs | 285 | by Staff reporter
Treasury launches last-ditch push to stabilise Zimbabwe economy
Zimbabwe's Treasury has embarked on a last-ditch effort to stabilise the country's fragile economy, amid growing fears that policy inconsistency, inflation, and currency volatility could derail indust...Published: 22 May 2025 at 11:33hrs | 607 | by Staff reporter
Zimbabwe needs a reset through an NTA to prepare for democratic transition
Zimbabwe is teetering on the brink. We are witnessing a nation sliding further into economic despair, political illegitimacy, and social disintegration. The alarm bells are ringing lou...Published: 18 May 2025 at 17:46hrs | 445 | by Tendai Ruben Mbofana
Smuggling takes toll on Zimbabwe economy
A sharp increase in smuggling and unregulated imports is intensifying illicit financial flows (IFFs) in Zimbabwe, severely undermining the country's formal retail sector. Authorities have recently pro...Published: 16 May 2025 at 10:41hrs | 394 | by `
Gold sinks as trade talks, easing tensions impact haven demand
Gold fell as its haven status was impacted by signs of progress in trade talks between the US and China, along with some relief to geopolitical tensions.Bullion fell as much as 1,8 percent in ...Published: 13 May 2025 at 09:54hrs | 99 | by Staff reporter
Zimbabwe banker, SA banks implicated in R2 billion electoral scandal
A top Zimbabwean banker is at the centre of the nearly R2 billion Zimbabwe Electoral Commission (ZEC) tender scandal involving a South African printing company paid R1.2 billion by the Harare governme...Published: 08 May 2025 at 09:58hrs | 2361 | by Roland Mpofu I iol
Chivayo, Bushiri cases dominate Anti-Corruption Conference
The high-profile cases of fugitive Malawian preacher Shepherd Bushiri and controversial Zimbabwean businessman Wicknell Chivayo have taken centre stage at the 15th Commonwealth Regional Conference for...Published: 07 May 2025 at 15:47hrs | 1974 | by Staff reporter
Africa's Underdevelopment: A Criminal Enterprise Enabled by Complicit Leadership
Africa's continued underdevelopment is not a mystery - it is a direct result of kleptocratic leadership, entrenched corruption, and systemic human rights abuses. The so-called liberators, once hailed ...Published: 05 May 2025 at 23:27hrs | 146 | by Wa Malikongwa
Kariba Dam water levels records steady rise
Water levels in Lake Kariba have recorded a steady rise, offering renewed optimism for improved electricity generation in Zimbabwe and Zambia, according to the latest update from the Zambezi River Aut...Published: 05 May 2025 at 15:54hrs | 322 | by Staff reporter
RBZ's market-determined exchange rate spurs ZiG stability
The Reserve Bank of Zimbabwe (RBZ)'s adoption of a market-determined exchange rate system has ushered in a new era of stability and confidence in the Zimbabwe Gold (ZiG) currency, with the recent remo...Published: 04 May 2025 at 09:15hrs | 809 | by Staff reporter
It's high time foreign governments took the lead in investigating Zimbabwe's corrupt elite
The Zimbabwe ruling elite clearly won't act against high-level corruption.There is something profoundly disturbing about the silence of Zimbabwean authorities in the wake of the damning exposÃ...Published: 03 May 2025 at 11:48hrs | 630 | by Tendai Ruben Mbofana
Victoria Falls in full glory as Zambezi water levels surge
The Zambezi River's rising water levels have dramatically amplified the splendour of Victoria Falls, creating a breathtaking natural showcase that is drawing the attention of both local and internatio...Published: 29 Apr 2025 at 19:34hrs | 1226 | by Staff reporter
Zimbabwe's Victoria Falls tax haven takes solid shape
The Zimbabwean government has taken a bold step toward transforming Victoria Falls into a leading regional financial hub with the establishment of the Victoria Falls International Financial Services C...Published: 29 Apr 2025 at 12:06hrs | 642 | by Staff reporter
ZIDA issues US$4,7 billion licences
Zimbabwe has recorded a major boost in investment interest, with the Zimbabwe Investment and Development Agency (ZIDA) issuing 207 new licences worth a combined US$4.7 billion during the first quarter...Published: 26 Apr 2025 at 09:36hrs | 113 | by Staff reporter
UK firm secures US$5m to fund gold mines in Zimbabwe
United Kingdom-based mining firm Kavango Resources Plc has secured a US$5 million interest-free funding facility from the Comarton Managed Pension Funds' Investments Consortium to accelerate its gold ...Published: 24 Apr 2025 at 07:08hrs | 143 | by Staff reporter
Zimbabwe rural industrialisation is underway
It is important that I begin by highlighting the changing face of rural industrialisation in Zimbabwe.My kick-off point is the advent of the Land Reform Programme as of Year 2000.With ...Published: 23 Apr 2025 at 22:44hrs | 553 | by Chris Mutsvangwa
As long as Mnangagwa doesn't acknowledge his own failings, Zimbabwe will not develop
Excuses, excuses, and more excuses!There is no greater hindrance to meaningful development and transformation in Zimbabwe than a leadership that refuses to take responsibility for its own shor...Published: 22 Apr 2025 at 22:18hrs | 754 | by Tendai Ruben Mbofana
Zimbabwe lifts exchange rate controls
Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability a...Published: 17 Apr 2025 at 07:36hrs | 11461 | by Staff reporter
Caledonia Mine sets new gold production record
Caledonia Mining Corporation Plc, a Jersey-domiciled miner focused on Zimbabwe's gold sector, has reported a near 10% increase in gold production for the first quarter of 2025, with a total of 18,671 ...Published: 16 Apr 2025 at 23:24hrs | 139 | by Staff reporter
Harare's drinking water could be turning into a toxic brew
Harare's main water source, Lake Chivero, is under severe threat as the capital city continues to discharge over 250 million litres of raw and partially treated sewage into the lake each day - sparkin...Published: 13 Apr 2025 at 09:47hrs | 408 | by Staff reporter
Afreximbank's $100 million Harare Trade Centre nears completion
African Export-Import Bank (Afreximbank) is set to transform Harare's skyline with the imminent completion of its US$100 million African Trade Centre, a landmark project that will serve as the Souther...Published: 12 Apr 2025 at 14:39hrs | 387 | by Staff reporter
China orders its banks to avoid buying dollars
The PBOC has reportedly issued informal "window guidance" to major state-owned banks this week, essentially instructing them to avoid buying dollars for their own accounts. China's Central Bank also d...Published: 09 Apr 2025 at 21:37hrs | 968 | by Staff reporter
Mnangagwa, Chivhayo, Tagwirei and the wantons of social media
Awareness, understanding, and consideration for the complexities of business, personal effort, and the broader energetic principles at play in society. Here's a refined argument that acknowledges the ...Published: 09 Apr 2025 at 15:26hrs | 1005 | by Collins Chapasuka
Buy Instagram Followers: Top 11 Sites That Celebrities Recommend
Buying followers to stimulate Instagram account growth may sound like a crazy strategy. That's why we've asked several Instagram users to share their success stories; they've all bought follo...Published: 09 Apr 2025 at 12:10hrs | 211 | by Staff Reporter
Siziva slams Mnangagwa cronies over 'industrial-scale' looting
Prominent opposition activist and Citizens Coalition for Change (CCC) spokesperson, Gift Ostallos Siziva, has launched a scathing attack on what he describes as the "corrupt cabal" propping up Preside...Published: 07 Apr 2025 at 20:30hrs | 2248 | by Staff reporter
Zimra targets US$7.155 billion in 2025 revenue collection drive
The Zimbabwe Revenue Authority (ZIMRA) has set an ambitious target to collect US$7.155 billion in tax revenue for 2025, reflecting a 17 percent increase from the 2024 target.ZIMRA, the governm...Published: 03 Apr 2025 at 08:05hrs | 81 | by Staff reported
Bulawayo faces water crisis as ageing infrastructure fails
The City of Bulawayo is grappling with yet another serious water supply challenge due to its ageing and deteriorating water infrastructure, affecting both residential and industrial areas.Town...Published: 28 Mar 2025 at 05:46hrs | 211 | by Staff reporter
Diaspora remittances surge 7,5% in February
Diaspora remittances to Zimbabwe grew by 7.5 percent in February 2025, reaching US$165 million, up from US$153.8 million in the same month last year. The increase highlights the continued importance o...Published: 26 Mar 2025 at 06:46hrs | 104 | by Staff reporter
Surely, my life is far more meaningful and fulfilling than Wicknell's ever will be!
I was recently watching a video of a radio interview featuring the controversial and scandal-riddled so-called "businessman", Wicknell Chivayo. As expected, he wasted no time in boasting about...Published: 25 Mar 2025 at 21:48hrs | 598 | by Tendai Ruben Mbofana
Mukuru: Born on a Chimanimani mountain, and now a billion-dollar fintech business
Mukuru was first envisioned by two Zimbabwean entrepreneurs while mountain climbing in Chimanimani in Eastern Zimbabwe. The company later began operations in a bedroom in Cambridge, England in 2004, b...Published: 25 Mar 2025 at 11:55hrs | 3088 | by Staff reporter
Coltart frustrated by Glassblock Dam delays
Bulawayo Mayor David Coltart has expressed mounting frustration over the bureaucratic hurdles that are stalling the long-awaited Glassblock Dam project, a critical initiative aimed at ensuring a stabl...Published: 23 Mar 2025 at 08:27hrs | 1114 | by Staff reporter
Is it legal to keep US$70,000 cash at home in Zimbabwe?
In recent weeks, Zimbabwe has experienced an alarming increase in armed robbery cases, with criminals specifically targeting individuals and businesses that keep large amounts of cash at their premise...Published: 19 Mar 2025 at 09:58hrs | 785 | by Staff writer
Zimbabwe's dam levels show upward trend
The Zimbabwe National Water Authority (Zinwa) has reported that dam levels across the country continue to rise, although the rate of increase has slowed down due to reduced rainfall in some regions. D...Published: 12 Mar 2025 at 16:15hrs | 2580 | by Staff reporter
BCC, TTI launch crackdown on illegal taxis
The Bulawayo City Council (BCC) and Tendy Three Investments (TTI) have teamed up for a joint operation aimed at curbing the growing problem of illegal taxis, locally known as Mshikashika, in the city ...Published: 12 Mar 2025 at 11:39hrs | 569 | by Staff reporter
Alarm over major city dam's low water inflows
Bulawayo's water supply faces a growing crisis as one of its main water sources, Inyankuni Dam, has received only 6% of its designed inflows, a situation worsened by rampant illegal gold mining in the...Published: 09 Mar 2025 at 13:20hrs | 201 | by Staff reporter
Bulawayo dams remain critically low since Independence
Despite this year's above-normal rainfall season, Bulawayo could still face extended periods without water, with the local authority warning of a potential crisis that could rival some of the worst in...Published: 09 Mar 2025 at 13:17hrs | 103 | by Staff reporter
Nigerians buying South African bank
The Bidvest Group has placed Bidvest Bank as a discontinued operation in its latest financial results ahead of the bank's sale to Nigerian giant Access Bank.In its results for the six months e...Published: 06 Mar 2025 at 16:34hrs | 2027 | by Staff reporter
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