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Zimbabwe's manufacturing growth target missed
The Zimbabwe National Industrial Development Policy (ZNIDP) 1, aimed at growing the manufacturing sector by at least 2% annually, has failed to meet its target due to ongoing macroeconomic instability...Published: 04 Aug 2025 at 08:53hrs | 97 | by Staff reporter
Bulawayo leads Zimbabwe in business formalisation
Bulawayo has emerged as Zimbabwe's top-performing province in terms of formal business establishments, according to new data from the 2023 Economic Census conducted by the Zimbabwe National Statistics...Published: 03 Aug 2025 at 09:56hrs | 100 | by Staff reporter
Mthuli Ncube admits economy chaos
The government has admitted that companies in Zimbabwe often make more money operating outside the law than when complying with regulations, in a rare acknowledgement of a system that punishes honesty...Published: 01 Aug 2025 at 09:12hrs | 628 | by Staff reporter
Zimbabwe's formal economy tanks
Zimbabwe's economy has become overwhelmingly informal, with the latest figures from the Zimbabwe National Statistics Agency (ZimStat) revealing that 76% of business operations in the country are now i...Published: 24 Jul 2025 at 16:09hrs | 586 | by Staff reporter
Zimbabwe SMEs crushed by annual compliance fees
Small and medium enterprises (SMEs) in Zimbabwe are buckling under the weight of steep compliance costs - some as high as US$10,000 annually - raising alarm over a regulatory environment that is drivi...Published: 24 Jul 2025 at 14:34hrs | 128 | by Staff reporter
ZimStat confirms dominance of Zimbabwe's huge informal sector
The Zimbabwean economy is overwhelmingly dominated by informal micro-businesses, according to a preliminary report of the 2023 Economic Census released yesterday by the Zimbabwe National Statistics Ag...Published: 24 Jul 2025 at 09:32hrs | 131 | by Staff reporter
Pushcart operators blamed for City chaos
Pushcarts, once seen as a harmless tool of livelihood for many struggling Zimbabweans, have become a growing source of frustration and danger for Harare residents. The city's central business district...Published: 20 Jul 2025 at 09:18hrs | 394 | by Staff reporter
RBZ exposes massive money laundering
The Reserve Bank of Zimbabwe (RBZ) has unearthed large-scale illicit financial flows (IFFs) in the country's real estate and motor vehicle dealership sectors, revealing industrial-scale money launderi...Published: 18 Jul 2025 at 14:40hrs | 1550 | by Staff reporter
Vendors bemoan exorbitant licensing fees at new Mbare Musika market
The Vendors Initiative for Social and Economic Transformation (Viset) has urged authorities to slash vending licensing fees at the newly-constructed Mbare Musika Market, warning that current costs are...Published: 18 Jul 2025 at 08:34hrs | 601 | by Staff reporter
MoU to regulate small artisanal miners
The Zimbabwe Miners Federation (ZMF) has urged all artisanal and small-scale miners (ASM) to promptly engage registered mine surveyors to avoid operational disruptions following a new government direc...Published: 13 Jul 2025 at 11:23hrs | 39 | 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
'Zimbabwe losing billions in tax revenue to informal sector'
Zimbabwe is losing between US$7.5 billion and US$8 billion in potential tax revenue every year due to the dominance of its informal sector, according to new estimates by the African Development Bank (...Published: 04 Jul 2025 at 14:22hrs | 206 | 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 | 2702 | by Staff reporter
Invictus Energy to get National Project Status
The Zimbabwean government has taken a significant step toward advancing the country's first major oil and gas development after issuing an updated draft of the Petroleum Production Sharing Agreement (...Published: 28 Jun 2025 at 18:46hrs | 522 | by Staff reporter
Presidential scheme disburses US$200 000 for vendors
Thousands of informal traders across Zimbabwe have received a major financial boost following the launch of the Presidential Vendors Empowerment Scheme, which has availed US$200,000 in seed capital to...Published: 27 Jun 2025 at 18:29hrs | 115 | 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 | 245 | 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
Biti warns Zimbabwe heading toward collapse
Former Finance Minister Tendai Biti has sounded a dire warning over Zimbabwe's economic trajectory, claiming the country is collapsing under the burden of failed monetary reforms, rampant corruption, ...Published: 09 Jun 2025 at 17:38hrs | 1061 | by Staff reporter
Zimbabwean women make gains in property ownership
Women in Zimbabwe are making significant strides in securing access to economic resources such as land, property, and digital financial services, according to findings from the 2023–2024 Zimbabwe De...Published: 08 Jun 2025 at 13:30hrs | 215 | by Staff reporter
Zimbabwe to slash regulatory fees for beef, dairy and food processing sectors
The Government will soon gazette a revised schedule of regulatory fees for three key agricultural sub-sectors - beef, dairy and food processing - in a move designed to enhance the competitiveness of l...Published: 08 Jun 2025 at 11:55hrs | 134 | by Staff reporter
How gold incentives work in Zimbabwe
IN the past few days, social media and media outlets have been awash with claims that there is grand looting of state funds between Treasury and a selected few individuals, especially after a payment ...Published: 05 Jun 2025 at 17:10hrs | 1333 | by Trymore Sibanda
Judge interviews: Why worthy legal minds will not offer themselves for the bench
LIKE most lawyers who heavily litigate, I followed the recently ended interviews from which it is hoped eight Labour Court judges will be appointed.As the interviews progressed, I became incre...Published: 03 Jun 2025 at 14:46hrs | 995 | by Beatrice Mtetwa
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
Govt engages children, spouses of national heroes on title deeds
In a landmark move aimed at resolving long-standing issues around land ownership, the Government has initiated dialogue with children and spouses of national liberation heroes to transition them from ...Published: 29 May 2025 at 13:25hrs | 357 | by Staff reporter
Zimbabwe's new politics of fraud
IN Zimbabwe, politics is no longer just the art of the possible.It has become the science of the scam.From boreholes to buses, roads to resettlement deeds, today's governance is not me...Published: 29 May 2025 at 10:23hrs | 550 | 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 | 27 | by Staff reporter
Zimbabwe finalising first-ever economic census
Zimbabwe is in the final stages of completing its first-ever economic census, which will for the first time incorporate detailed data on the informal sector, Deputy Minister of Finance, Economic Devel...Published: 28 May 2025 at 11:04hrs | 199 | by Staff reporter
Mnangagwa directs completion of unfinished projects
President Emmerson Mnangagwa has instructed the rapid completion of all unfinished projects across Zimbabwe's 10 provinces to ensure they contribute meaningfully to national development as the country...Published: 22 May 2025 at 10:09hrs | 358 | by Staff reporter
Zimbabwe govt moves to clear mining licences backlog
The Government is set to lift the suspension on the issuance of mining licences across Zimbabwe, Mines and Mining Development Deputy Minister Engineer Polite Kambamura announced in the National Assemb...Published: 16 May 2025 at 10:43hrs | 409 | by Staff reporter
Chitando bemoans gold smuggling
Mines and Mining Development Minister Winston Chitando has raised alarm over the persistent threat of gold smuggling and other illicit activities, warning that Zimbabwe could be losing up to 40% of it...Published: 09 May 2025 at 11:02hrs | 208 | by Staff reporter
'Zimbabwe govt must protect citizens from corruption'
Zimbabwe Congress of Trade Unions (ZCTU) vice-president Valentine Chikosi has called on the government to urgently act against rampant corruption, warning that unchecked graft is inflicting severe har...Published: 05 May 2025 at 15:45hrs | 59 | by Staff reporter
Mthuli Ncube unveils industrial development facilities
Zimbabwe's Finance Minister, Mthuli Ncube, has outlined a comprehensive strategy aimed at supporting the growth of micro, small, and medium-sized enterprises (MSMEs) in the country. The initiative, wh...Published: 24 Apr 2025 at 21:17hrs | 287 | by Staff reporter
Zimbabwe extends duty-free import window for bus operators
The Government has extended the duty-free bus import facility to April 30, 2025, in a move aimed at further revitalising Zimbabwe's public transport system and ensuring affordable, reliable services f...Published: 17 Apr 2025 at 07:31hrs | 311 | by Staff reporter
Bulawayo businesses flee CBD to suburbs
Real estate consultancy firm Knight Frank Zimbabwe has revealed that aging and poorly maintained infrastructure is a key factor behind the soaring vacancy rates in Bulawayo, which have reached a stagg...Published: 27 Mar 2025 at 06:16hrs | 3884 | by Staff reporter
India charms Zim SMEs, collaboration bears fruits
Representatives from Zimbabwe Chamber of Small to Medium-Sized Enterprises (SMEs) delegation currently attending the 11th edition of Saurashtra Vepar Udyog Mahamandal (SUVM) international trade show h...Published: 13 Mar 2025 at 16:10hrs | 207 | by Gideon Madzikatidze/Simbarashe Sithole
Zimbabwe's retail sector crisis worsens as shops continue closing
Zimbabwe's retail sector is facing an unprecedented crisis, with several major retailers and wholesalers forced to close branches amid a series of economic challenges. This Thursday, President Emmerso...Published: 01 Feb 2025 at 08:57hrs | 2062 | by Staff reporter
Zimbabwe tightens noose on informal sector
The government has announced stringent measures aimed at protecting the formal sector from what it describes as unfair competition posed by informal traders.In a statement released on Friday f...Published: 01 Feb 2025 at 08:56hrs | 642 | by Staff reporter
'Banks refuse to make salary payments on behalf of Zimbabwe govt'
A dramatic financial crisis has hit Zimbabwe's civil service as banks have reportedly withheld payments for thousands of public sector workers' salaries, citing the government's inability to meet its ...Published: 03 Dec 2024 at 09:58hrs | 12998 | by Staff reporter
Zimbabwe's unemployment rate goes up
ZIMBABWE'S national unemployment rate has slightly moved by 1,3% to 890 161 compared to 850 326 recorded in the first quarter as the country's economic downturn shows no signs of abating, latest Zimba...Published: 07 Nov 2024 at 07:15hrs | 466 | by Staff reporter
Zimbabwe's new policy outlines plans to widen tax base
The Zimbabwean government has announced a new policy under the Zimbabwe Industrial Reconstruction and Growth Plan (ZIRGP) to simplify tax models for Small to Medium Enterprises (SMEs). This move aims ...Published: 27 Oct 2024 at 12:18hrs | 275 | by Staff reporter
Mbare fire evidence disappears
Investigations into the cause of the devastating fire that engulfed Mbare Musika last week have reportedly stalled as vendors rushed to clean up and reclaim the affected space, NewsDay has learned. Th...Published: 17 Oct 2024 at 13:26hrs | 912 | by Staff reporter
Zimbabwe's missing link
IN today's rapidly changing global business environment, organisations are under increasing pressure to remain competitive, innovative and sustainable.Leadership, in its truest sense, has beco...Published: 18 Sep 2024 at 08:29hrs | 158 | by Staff reporter
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 | 148 | by Staff Reporter
Vendors threaten to sue HCC over violence
INFORMAL traders have threatened to sue the Harare City Council (HCC) for using severe force during raids against suspected illegal vendors.This follows a video circulating on social media sho...Published: 21 Mar 2024 at 08:46hrs | 1 | by Staff reporter
Highly educated blacks working in South Africa struggle against a system that aims to exclude them
There is the open struggle that is fought with bullets and bombs out on the plains. War is declared. Battle lines are drawn. The enemy is known and identifiable. South Africa had its own taste of this...Published: 06 Mar 2024 at 20:11hrs | 8 | by Wiseman Magasela
Zimra gives small businesses tax reprieve
The Zimbabwe Revenue Authority (Zimra) has offered a six-month grace period for informal businesses to register for taxes in a move seen to boost State revenues.Revised guidelines outlining sp...Published: 30 Jan 2024 at 04:20hrs | 10 | by Staff reporter
Chamisa not forming new party
NELSON Chamisa, Zimbabwe's main opposition CCC leader who quit his party on Thursday in a huff after its descent into political turmoil due to recalls of MPs and other elected representatives by self-...Published: 29 Jan 2024 at 10:06hrs | 2 | by Staff reporter
Zimbabwe prices soar as new taxes kick in
THE year 2024 has started on a sombre note for citizens as prices of basic commodities surge in the wake of businesses implementing new government tax measures.Meat dealers have indicated that...Published: 05 Jan 2024 at 05:53hrs | 16 | by Staff reporter
Retailers want zero VAT restored on basics
THE Confederation of Zimbabwe Retailers has called on Finance, Economic Development and Investment Promotion Minister Mthuli Ncube to reverse proposals to introduce Value Added Tax on a small range of...Published: 06 Dec 2023 at 05:04hrs | 13 | by Staff reporter
Convicted gold smuggler retains Miners Federation presidency
ZIMBABWE Miners Federation (ZMF) President Henrietta Rushwaya has received the backing of eight provinces within the artisanal and small miners association to retain her presidency.A meeting h...Published: 02 Dec 2023 at 05:45hrs | 10 | by Staff reporter
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