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Zimbabwe banks process R6bn via regional payment systems
Zimbabwean banks processed transactions worth R6.09 billion (approximately US$339 million) through the Southern African Development Community Real-Time Gross Settlement System (SADC-RTGS) in 2024, mar...Published: 18 hrs ago | 229 | by Staff reporter
Tagwirei sparks feud with Kasukuwere, Biti
ZANU PF-aligned businessman Kudakwashe Tagwirei has ignited a political storm after accusing self-exiled former cabinet minister Saviour Kasukuwere and former Finance Minister Tendai Biti of corruptio...Published: 26 Jun 2025 at 15:44hrs | 997 | by Staff reporter
Woes mount for Zimbabwe formal businesses\
Informal traders who largely evade taxes and levies are placing formal retail and wholesale businesses in Zimbabwe at a significant competitive disadvantage, burdened by a heavy and complex taxation r...Published: 23 Jun 2025 at 10:58hrs | 243 | by Staff reporter
Zimbabwe moves to reform public medicine supply system
The Ministry of Health and Child Care has embarked on a sweeping reform process aimed at resolving medicine shortages at public hospitals, despite the country's main pharmaceutical distributor, NatPha...Published: 22 Jun 2025 at 11:03hrs | 367 | by Staff reporter
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 | 214 | 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
Veteran journalist earns PhD
Limukani Ncube, former editor of Sunday News and one of Zimbabwe's most senior journalists with 27 years of experience, yesterday graduated with a PhD from the University of South Africa (Unisa) under...Published: 18 Jun 2025 at 18:39hrs | 1022 | by Staff reporter
Tagwirei, the military and power politics in Zimbabwe!
DEAR READER, it was on the 13th of May 2018 that Phineas Tagwirei, "father" to Kudakwashe Tagwirei a Zimbabwean tycoon with an avalanche of ''business'' interests quietly breathed his last at the trau...Published: 18 Jun 2025 at 07:41hrs | 1978 | by Dr P. Zamchiya
Public vs Private Funding in African Sports Sector
The growth of sports across Africa depends heavily on where the money comes from. In many countries, both governments and private companies contribute to building the sector. However, how they fund an...Published: 17 Jun 2025 at 23:28hrs | 110 | by Staff Reporter
Zimbabwe govt squeezes miners for more forex
Zimbabwe's mining industry is facing increased strain as government departments intensify demands for miners to pay taxes and fees in foreign currency-on top of the mandatory 30% surrender of ex...Published: 16 Jun 2025 at 14:48hrs | 181 | by Staff reporter
ZiG ranked second worst performing currency
In a stark contrast of fortunes, Ghana's Cedi has emerged as the world's strongest-performing currency in 2025, gaining nearly 50% against the United States dollar, while Zimbabwe's Zimbabwe Gol...Published: 11 Jun 2025 at 11:26hrs | 1052 | by Staff reporyter
Mandatory radio licence risks fuelling Zimbabwe corruption
The recently enacted Broadcasting Services Amendment Act No. 2 of 2025, which makes it mandatory for all motorists to pay for a Zimbabwe Broadcasting Corporation (ZBC) radio licence before renewing ve...Published: 11 Jun 2025 at 09:11hrs | 951 | by Staff reporter
Victoria Falls: A world wonder at risk as Bulawayo-Victoria Falls road crumbles
A weekend trip to Victoria Falls offers breathtaking experiences - from a serene breakfast at Makuwa Kuwa Restaurant, perched on the cliffs of Victoria Falls Safari Lodge, to mesmerizing views stretch...Published: 07 Jun 2025 at 10:45hrs | 3011 | by Staff reporter
Zimbabwe railways revival is long overdue
For decades, the National Railways of Zimbabwe (NRZ) has been a shadow of its former self, crippled by chronic underinvestment, mismanagement, and neglect. Despite its critical role in the country's e...Published: 06 Jun 2025 at 12:07hrs | 122 | by Staff reporter
Silent jobs massacre sweeps through Zimbabwe
A silent but brutal jobs massacre is sweeping across Zimbabwe's construction industry, as companies contracted by the government for key infrastructure projects plunge into financial turmoil due to ch...Published: 06 Jun 2025 at 12:04hrs | 260 | by Staff reporter
Zimbabwe tourism industry bleeds US$40 million in 90 days
Zimbabwe's tourism industry is reeling from a steep downturn after losing nearly US$40 million in potential revenue during the first quarter of 2025, amid a silent but deadly investor exodus and persi...Published: 06 Jun 2025 at 12:03hrs | 268 | by Staff reporter
U.S. Ambassador slams corruption in Zimbabwe
United States Ambassador to Zimbabwe, Pamela Tremont, has described corruption as a "cancer" that is depriving Zimbabweans of their national wealth and severely undermining trade and investment prospe...Published: 06 Jun 2025 at 09:41hrs | 184 | by Staff reporter
Zimbabwe: A country where a Ferrari can't travel!
We live in a curious country.In traversing Zimbabwe's diverse and often rugged landscapes, one cannot help but notice the overwhelming presence of Sport Utility Vehicles (SUVs). F...Published: 05 Jun 2025 at 22:30hrs | 8633 | by Tendai Ruben Mbofana
Zimbabwe exporters sound alarm over tough new forex rules
Zimbabwean exporters are facing fresh turbulence following the government's move to tighten foreign currency controls - scrapping critical export incentives and enforcing tougher surrender requirement...Published: 05 Jun 2025 at 11:34hrs | 2962 | by Staff reporter
Lake Kariba water levels rising
Water levels in Lake Kariba have shown a modest but encouraging rise, providing cautious optimism for improved hydropower generation in Zimbabwe and Zambia.According to the latest update from ...Published: 03 Jun 2025 at 11:57hrs | 1609 | by Staff reporter
'Tsholotsho Gold Project has 1 million gold ounces potential'
United Kingdom-based mining company Ariana Resources Plc has announced that its flagship Dokwe Gold Project in Zimbabwe has the potential to yield more than one million ounces of gold, reinforcing inv...Published: 02 Jun 2025 at 18:40hrs | 660 | by Staff reporter
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: 01 Jun 2025 at 14:35hrs | 162 | 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 | 482 | 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 | 419 | 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 | 131 | 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 | 3808 | 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 | 26 | 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 | 98 | 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 | 193 | 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 | 145 | 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 | 53 | 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 | 91 | 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 | 57 | 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 | 232 | 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 | 289 | 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 | 619 | 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 | 451 | 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 | 399 | 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 | 100 | 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 | 2430 | 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 | 1982 | 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 | 150 | 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 | 326 | 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 | 811 | 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 | 1229 | 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 | 644 | 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 | 116 | 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 | 145 | 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 | 558 | by Chris Mutsvangwa
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