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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 | 111 | by Staff reporter
Zimbabwe now 5th largest economy in Sadc
Zimbabwe has become the fifth-largest economy in Southern Africa following a major upward revision of its Gross Domestic Product (GDP), reflecting the inclusion of previously unrecorded economic activ...Published: 10 Jul 2025 at 08:58hrs | 304 | by Staff reporter
EcoCash launches 'EcoCash Plus' wallet
EcoCash, Zimbabwe's leading mobile money platform, has unveiled EcoCash Plus - a specialised digital wallet designed to meet the unique needs of small and medium enterprises (SMEs), vendors, and servi...Published: 09 Jul 2025 at 18:06hrs | 821 | by Staff reporter
Zimbabwe revises GDP upwards to US$44.4 billion
Zimbabwe has recorded a significant rise in its Gross Domestic Product (GDP), now revised to ZiG168.5 trillion (approximately US$44.4 billion), marking a substantial increase from the previous estimat...Published: 09 Jul 2025 at 07:52hrs | 155 | by Staff reporter
Zimbabwe hopes to service external debt
Zimbabwe, locked out of international capital markets since defaulting in 1999, expects its stronger economy to help it pay back external creditors, without saying when this would begin.Financ...Published: 09 Jul 2025 at 07:48hrs | 82 | by Staff reporter
How Tagwirei's ascent threatens - and could reward - investors
Zimbabwe's political landscape has erupted into a new era of factionalism, with sanctioned tycoon Kudakwashe Tagwirei's meteoric rise within the ruling ZANU-PF party becoming a flashpoint. As the 2028...Published: 08 Jul 2025 at 15:18hrs | 559 | by Harrison Brooks
'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 | 205 | 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 | 306 | by Staff reporter
AfDB flags Zimbabwe's annual financing gap
Zimbabwe will require more than US$3.7 billion annually to meet its Sustainable Development Goals (SDGs) by 2030, according to a new economic outlook report released by the African Development Bank (A...Published: 03 Jul 2025 at 09:25hrs | 111 | 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 | 210 | 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
Zimbabwe Tourism Authority in hunt for new CEO
The Zimbabwe Tourism Authority (ZTA) has officially begun the hunt for a new substantive Chief Executive Officer, a strategic leadership role expected to shape and deliver Zimbabwe's vision of becomin...Published: 02 Jul 2025 at 17:43hrs | 1170 | 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
Failure to invest in youth sexual health could cost Zimbabwe $3.6bn
A new report by UNAIDS reveals that Zimbabwe stands to save billions of dollars by investing in sexual and reproductive health and rights (SRHR) services targeted at young people. The study, titled Th...Published: 30 Jun 2025 at 18:36hrs | 189 | 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 | 2694 | by Staff reporter
Zimbabwe Parliament demands removal of punitive taxes
Parliament has sharply escalated pressure on Treasury to urgently scrap punitive taxes, including the highly contentious 2% Intermediated Money Transfer Tax (IMTT), by August 31, 2025, in a bid to hal...Published: 26 Jun 2025 at 11:25hrs | 1722 | by Staff reporter
Zimbabwe's businesses sound alarm over volatile ZiG
Zimbabwe's business leaders have expressed deep concern over the persistent volatility of the Zimbabwe Gold (ZiG) currency, warning that ongoing instability is crippling industrial growth and eroding ...Published: 26 Jun 2025 at 11:21hrs | 1072 | by Staff reporter
Mushayavanhu under fire for outdated monetary assumptions
Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu is facing mounting criticism over his persistent claim that the ZiG, Zimbabwe's embattled local currency, can only be strong if it is backed b...Published: 20 Jun 2025 at 16:32hrs | 487 | by Staff reporter
Zimbabwe rebuilds correspondent banking ties
The Bankers Association of Zimbabwe (BAZ) has confirmed that some regional and niche international financial institutions have begun cautiously re-engaging with Zimbabwean banks, following the lifting...Published: 19 Jun 2025 at 07:10hrs | 153 | by Staff reporter
Zimbabwe's RTG reports sharp rebound in foreign tourist arrivals
Zimbabwe's largest hotel operator, Rainbow Tourism Group (RTG), has reported a strong rebound in foreign guest arrivals, signaling a wider recovery in the region's hospitality sector as international ...Published: 16 Jun 2025 at 14:42hrs | 156 | by Staff reporter
Mutambara urges Zimbabweans to upskill for AI-driven economy
Former Deputy Prime Minister Arthur Mutambara has issued a compelling call to action, urging Zimbabweans to commit to continuous learning and skills development in response to the transformative impac...Published: 12 Jun 2025 at 18:59hrs | 88 | by Staff reporter
Extended tobacco stalk destruction date expires
The grace period granted to tobacco farmers to clear their fields of tobacco stalks and roots ended on June 5, and the Government has now intensified monitoring efforts to enforce compliance, with def...Published: 09 Jun 2025 at 08:40hrs | 124 | by Staff reporter
Harare vendors live in fear as Municipal police crackdowns intensify
The sudden silence before chaos is the hallmark of Harare's latest crackdown on informal street vendors. Municipal police, some in plainclothes, others in uniform, move swiftly and silently through cr...Published: 08 Jun 2025 at 12:05hrs | 64 | 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 | 3015 | by Staff reporter
Zimbabwe govt challenged over elephants culling programme
The Centre for Natural Resource Governance (CNRG) has issued a strong condemnation of the Zimbabwean government's plan to cull 50 elephants in the Save Valley Conservancy, labelling the move as cruel,...Published: 07 Jun 2025 at 10:30hrs | 370 | 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 | 272 | by Staff reporter
Zimbabwe Chamber of Mines optimistic about 100 tonnes gold target
The Chamber of Mines Zimbabwe (CoMZ) has expressed confidence that the country can meet the Government's ambitious annual gold production target of 100 tonnes, despite the current national target stan...Published: 05 Jun 2025 at 10:03hrs | 125 | 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 | 163 | by Staff reporter
Afreximbank exposes US$2,4 billion hole in Zimbabwe external debt
The African Export-Import Bank (Afreximbank) has revealed a significant US$2.4 billion discrepancy in Zimbabwe's official external debt data, raising fresh concerns over the credibility of the country...Published: 30 May 2025 at 12:09hrs | 215 | by Staff reporter
Zimbabwe's pension crisis: Full compensation for 2008 losses may take 100 years
Zimbabwe's pension funds have sounded the alarm over their inability to compensate retirees who lost their life savings during the 2008 economic collapse, warning that, at current fund levels, full re...Published: 30 May 2025 at 12:08hrs | 244 | by Staff reporter
Zimbabwe turns to sugar, fast foods, and booze for revenue
Zimbabwe's Treasury is relying heavily on taxes imposed on sugar, fast food, and alcoholic beverages to recoup hundreds of millions of dollars lost following sharp cuts in official development assista...Published: 28 May 2025 at 11:02hrs | 420 | by `
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 targets 2030 to clear US$21 billion debt
Zimbabwe has set an ambitious 2030 deadline to clear its ballooning US$21 billion public debt, in a bid to create the foundations for a stable mono-currency regime anchored by the Zimbabwe Gold (ZiG) ...Published: 19 May 2025 at 09:21hrs | 126 | by Staff reporter
Botswana gets $304 million AfDB loan
The African Development Bank (AfDB) has approved a $304 million loan to Botswana as the country grapples with rising fiscal pressures and seeks to implement crucial governance and economic reforms. Th...Published: 16 May 2025 at 17:29hrs | 457 | by Staff reporter
Zimbabwe emerges as hotspot for scalable fintech solutions
Zimbabwe is rapidly positioning itself as a fertile ground for scalable Financial Technology (fintech) innovations, with leading local financial institutions at the forefront of this transformation. B...Published: 15 May 2025 at 09:23hrs | 570 | by Staff reporter
Zimbabwe pavilion captivates global audience at Expo 2025 Osaka
Zimbabwe's participation at Expo 2025 Osaka is drawing global attention, with its vibrant and innovative pavilion standing out in the Commons B zone, a shared space that features 26 countries from Afr...Published: 13 May 2025 at 10:05hrs | 73 | by Staff reporter
Zimbabwe retail sector to grow by 5,10% in 2025
The Zimbabwean retail sector is projected to grow by 5.10% in 2025, with its future expansion dependent on how well it navigates the challenges of the operating environment, including the increasing d...Published: 08 May 2025 at 16:08hrs | 193 | by Staff reporter
Govt cannot block the exodus of professionals through force
Let's not kid ourselves. You can burn the letters, double the fees, threaten the nurses, and chain the airport gates if you want - but people will still find a way to leave this crumbling husk of a na...Published: 05 May 2025 at 23:09hrs | 385 | by Kumbirai Thierry Nhamo
Lupane methane gas project set to begin operations in Q2 2025
The Lupane Methane Gas (LMG) Project is expected to commence operations in the second quarter of 2025, according to the project's executive chairperson, Thabani Hove.Hove revealed that the pro...Published: 29 Apr 2025 at 07:12hrs | 462 | by Staff reporter
Gwanda unveils investment incentives
The Municipality of Gwanda has launched a comprehensive set of strategic economic incentives aimed at unlocking investment and accelerating growth in key sectors such as agro-processing, mineral proce...Published: 28 Apr 2025 at 12:26hrs | 68 | by Staff reporter
Minister lauds Bulawayo for supporting successful ZITF showcase
Bulawayo Provincial Affairs and Devolution Minister, Judith Ncube, has praised the residents of the city for their outstanding support during the 65th edition of the Zimbabwe International Trade Fair ...Published: 28 Apr 2025 at 12:24hrs | 74 | by Staff reporter
Zimbabwe has removed barriers to trade, says Chiwenga
Zimbabwe has undertaken significant reforms to position itself as a competitive investment destination, Vice President Dr. Constantino Chiwenga said at the Third Edition of the Iran-Africa Economic Co...Published: 28 Apr 2025 at 12:14hrs | 202 | by Staff reporter
Botswana's Boko is right: any president who wants to remain in power for more than 10 years has failed
The truth, although unpalatable at times, shall set us free.When Botswana's President Duma Boko recently declared that any president who desires to hold on to power beyond ten years is "instan...Published: 25 Apr 2025 at 14:19hrs | 550 | by Tendai Ruben Mbofana
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
India reassures Zim collaboration, applauds Chiwenga
BULAWAYO - India's Ambassador to Zimbabwe, His Excellency Bramha Kumar appreciated Zimbabwe International Trade Fair's (ZITF) business to business arrangements and emphasised the growing interest of I...Published: 22 Apr 2025 at 22:10hrs | 698 | by Gideon Madzikatidze/Simbarashe Sithole
Bulawayo ranks second in GDP contribution
Bulawayo Metropolitan Province has cemented its position as Zimbabwe's second-largest contributor to the national gross domestic product (GDP), following closely behind Harare. This development was re...Published: 22 Apr 2025 at 07:37hrs | 1362 | by Staff reporter
New policy to cut Zimbabwe's energy intensity
The Government of Zimbabwe has launched the National Energy Efficiency Policy, a new initiative aimed at reducing the country's energy intensity to meet global standards. The policy, introduced last w...Published: 16 Apr 2025 at 23:21hrs | 112 | by Staff reporter
Mnangagwa opens Mbare market
President Emmerson Mnangagwa has officially launched Phase 1 of the Mbare Musika Traders Market, a state-of-the-art facility aimed at providing a modern and conducive environment for Small to Medium E...Published: 12 Apr 2025 at 12:54hrs | 152 | by Staff reporter
Empowering African women to thrive in a digital economy
Growing up with her hardworking mom in tough circumstances in Nigeria, Dominion Paul was determined to forge her path to success in a world that didn't always make space for her. When she discovered t...Published: 12 Apr 2025 at 09:43hrs | 155 | by Tamaryn Brown
Zimbabwe fast-tracking ZiG banknotes rollout
The Reserve Bank of Zimbabwe (RBZ) is accelerating efforts to deliver new Zimbabwe Gold (ZiG) banknotes, with Governor Dr John Mushayavanhu assuring the public that the rollout will happen "in the sho...Published: 06 Apr 2025 at 11:28hrs | 1071 | by Staff reporter
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