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ZB Bank secures US$5 million Afreximbank facility
ZB Bank Limited has secured a US$5 million loan facility from the African Export-Import Bank (Afreximbank), aimed at supporting small and medium enterprises (SMEs) in Zimbabwe, particularly those enga...Published: 30 Jun 2025 at 13:07hrs | 126 | 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 | 197 | 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
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
Cereal imports ban looms in Zimbabwe
The Ministry of Lands, Agriculture, Fisheries, Water and Rural Development has recommended a ban on cereal imports in a move aimed at boosting the local grain market and strengthening Zimbabwe's food ...Published: 19 May 2025 at 09:18hrs | 396 | by Staff reporter
Zimbabwe govt defends car import ban
The import ban on vehicles older than 10 years, which came into effect in January 2022, is part of Zimbabwe's strategy to protect and revitalize the country's motor manufacturing industry, which has b...Published: 13 May 2025 at 10:14hrs | 19543 | 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 | 424 | by Staff reporter
US dollar suffocates the ZiG
A liquidity crunch in Zimbabwe is deepening the economy's embrace of the US dollar and undermining the bullion-backed currency introduced by the government almost a year ago.The ZiG, short for...Published: 06 Apr 2025 at 11:38hrs | 3604 | by Staff reporter
Zimbabwe's power supplies improve on Kariba water boost
Zimbabwe's power generation and supply have significantly improved, driven by increased water allocation from the Zambezi River Authority (ZRA) and enhanced output from the Hwange Power Station. This ...Published: 30 Mar 2025 at 15:34hrs | 854 | by Staff reporter
Mnangagwa's attempts at portraying Zimbabwe and Cuba as 'sanctions victims' is absurd as Havana succeeds where Harare fails
The Zimbabwe regime appears unable to stop ridiculing itself on the global stage.The recent visit to Zimbabwe by the President of the National Assembly of People's Power and the Council of Sta...Published: 05 Mar 2025 at 16:29hrs | 903 | by Tendai Ruben Mbofana
Zimbabwe power users raise US$250 million for floating solar plant on Kariba Dam
Zimbabwe's industrial power users have secured $250 million from the African Export-Import Bank to build floating solar panels at the world's largest man-made lake.The Intensive Energy User Gr...Published: 10 Dec 2024 at 07:14hrs | 761 | by Staff reporter
Bulawayo raises over US$21 million for Glassblock dam construction
Bulawayo City Council has successfully raised over US$21 million toward the construction of the Glassblock Bopoma Dam, a critical infrastructure project aimed at addressing the city's water crisis and...Published: 08 Dec 2024 at 10:09hrs | 2671 | by Staff reporter
Afreximbank to inject US$1bn into Zimbabwe economy
The African Export-Import Bank (Afreximbank) has announced a substantial financial commitment of US$1 billion to support Zimbabwe's economic growth, with funds allocated to various sectors in both the...Published: 14 Nov 2024 at 09:21hrs | 190 | by Staff reporter
Hwange's Unit 7 reconnected, boosting Zimbabwe's power capacity
In a significant boost to Zimbabwe's electricity generation, Hwange Thermal Power Station's Unit 7 was reconnected to the national grid on Friday, adding an additional 300 megawatts (MW) to the countr...Published: 03 Nov 2024 at 10:04hrs | 217 | by Staff reporter
The power crisis farce: Unpacking Mnangagwa's broken promise to Zimbabwe
Zimbabwe's power crisis has been a perennial problem, plaguing the country for decades.In August 2023, President Emmerson Dambudzo Mnangagwa proudly declared that the commissioning of the new ...Published: 08 Oct 2024 at 17:30hrs | 517 | by Tendai Ruben Mbofana
Zimbabwe prepares for Sadc payments platform
Zimbabwe is preparing to join a regional payments system developed by the Southern African Development Community (Sadc) to facilitate cross-border transactions. This move comes as part of Sadc's broad...Published: 03 Aug 2024 at 13:05hrs | 389 | by Staff reporter
Zimbabwe load-shedding will not exceed stage-1 during winter season
ZIMBABWEANS can expect significantly limited load-shedding this winter season owing to considerably improved national grid stability that followed the commissioning of new generation units at Hwange T...Published: 20 May 2024 at 08:42hrs | 12 | by Staff reporter
Govt critic slams introduction of Zimbabwe's new 'structured currency'
Prominent economist Gift Mugano has dismissed the government's proposed introduction of a "structured currency" as merely a repetition of past unsuccessful endeavors. This move is seen as the latest e...Published: 03 Apr 2024 at 08:53hrs | 3 | by Staff reporter
Zimbabwe to install 100MW solar plant in Lake Kariba
THE Government will next year float solar panels in Lake Kariba to produce an initial 100 megawatts (MW) to boost the Kariba South Hydropower Station's electricity generation and promote green energy....Published: 24 Dec 2023 at 16:09hrs | 11 | by Staff reporter
No major power cuts during festive season
HWANGE Thermal Power Station's Unit 7 was reconnected to the grid on Wednesday, adding an additional 300 megawatts (MW), while Unit 8 will be taken off the grid this week for routine maintenance....Published: 03 Dec 2023 at 10:33hrs | 8 | by Staff reporter
Hwange 7 back on grid
Hwange Thermal Power Station's Unit 7 will start feeding power into the national grid on Wednesday following completion of routine maintenance work on it.This will boost the country's power ge...Published: 26 Nov 2023 at 08:23hrs | 14 | by Staff reporter
US$115m loan for NRZ imminent
The National Railways of Zimbabwe is on the verge of finalizing a loan agreement of US$115 million with the African Export-Import Bank (Afreximbank). Out of this amount, $81 million will be allocated ...Published: 29 Oct 2023 at 12:25hrs | 6 | by Staff reporter
NSSA is a vehicle for enriching the powerful whilst exploiting the poor!
I already knew that Zimbabwe was hell and a living nightmare for the vast majority of the ordinary citizenry.I was also fully aware that the powerful were the only ones getting richer and rich...Published: 15 Oct 2023 at 09:49hrs | 1 | by Tendai Ruben Mbofana
Hunting benefits truths can collapse Anti-hunting Animal Rights Groups
The recent 'flooding' of the media and British House Lords with the truths about international hunting benefits not only caused a rethink on the UK trophy hunting imports ban Bill but can also eventua...Published: 25 Jul 2023 at 10:13hrs | 2 | by Emmanuel Koro
Econet, EcoCash announce rights offer
LISTED telecoms firm Econet Wireless Zimbabwe Limited (EWZL) and its subsidiary EcoCash Holdings yesterday announced a renounceable rights issue to raise US$30,3 million for the redemption of existing...Published: 25 Jul 2023 at 08:23hrs | 5 | by Staff reporter
Zimbabwe central bank owes over $4bn for food, fuel supply
Zimbabwe's central bank has racked up debts of more than $4 billion to banks and companies, including commodities giant Trafigura Group and national flag carrier South African Airways.The Rese...Published: 22 Jul 2023 at 08:07hrs | 7 | by Staff reporter
'US$400m facility won't stabilise Zimbabwe economy'
OLD Mutual Investment Group (OMIG) says the US$400 million funding secured by the government from the African Export-Import Bank (Afreximbank) is insufficient to restore stability to the local currenc...Published: 19 Jul 2023 at 06:43hrs | 1 | by Staff reporter
Mnangagwa tells off the West over political interference ahead of polls
PRESIDENT Emmerson Mnangagwa has warned the West to stop meddling in Zimbabwe's political affairs ahead of the August 23 harmonised elections.Addressing Zanu-PF supporters after commissioning ...Published: 16 Jul 2023 at 09:07hrs | 12 | by Staff reporter
Hwange Units 1-6 refurb begins
Major refurbishment on Unit 5 at the Hwange Thermal Power Station has commenced under a multi-million-dollar rehabilitation project set to extend its lifespan by up to 25 years.It has an insta...Published: 02 Jul 2023 at 07:39hrs | 11 | by Staff reporter
Masiyiwa receives Afreximbank award
STRIVE Masiyiwa, the founder and chairperson of the Econet Group and Cassava Technologies, has expressed his appreciation at the recognition he received at the Afreximbank's Pan-African Business and D...Published: 25 Jun 2023 at 18:21hrs | 20 | by Staff reporter
Mnangagwa expected in Ghana
PRESIDENT MNANGAGWA is expected in Ghana today, where he will join continental and Caribbean leaders for the 30th African Export-Import Bank (Afreximbank) meetings.His participation symbolises...Published: 18 Jun 2023 at 08:32hrs | 2 | by Staff reporter
Ashok Leyland keen on Zimbabwe market
Top Indian trucks and buses manufacturer, Ashok Leyland, has expressed desire to bounce back into the Zimbabwean market not only to supply the products, but potentially to set up a plant and sell its ...Published: 17 Jun 2023 at 08:03hrs | 11 | by Staff reporter
President Ruto asks Africans to ditch the US Dollar
President William Ruto has asked African leaders to take first steps towards ditching the globally-bullish US dollar by signing up to a pan-African payments system to facilitate trade within the conti...Published: 30 May 2023 at 22:32hrs | 3 | by Erick Matotoba
'Zimbabwe economy has dollarised'
CROSS border traders yesterday say a move by government to lift an import ban on basic commodities will boost their business, but pointed out that they were not to stabilise the local currency....Published: 20 May 2023 at 19:58hrs | 2 | by Staff reporter
SADC loses iconic conservationist as WhatsApp gives hunting communities 'permanent' voice in the media
The director of Zimbabwe CAMPFIRE Association, Mr Charles Jonga's death on 6 May 2023, signaled SADC's loss of an important wildlife conservation voice in the media.In an interview this week f...Published: 08 May 2023 at 15:51hrs | 5 | by Emmanuel Koro
King Mswati III arrives in Zimbabwe for State visit
King Mswati III of the Kingdom of Eswatini arrives in the country on Tuesday for an official State visit, which begins on Thursday, where he is expected to hold talks with President Mnangagwa....Published: 23 Apr 2023 at 07:46hrs | 11 | by Staff reporter
King Mswati heads to Victoria Falls
TWO more heads of state, King Mswati III of Eswatini and Zambian President Hakainde Hichilema have confirmed their attendance at the Transform Africa Summit (TAS) in Victoria Falls next week.T...Published: 20 Apr 2023 at 15:28hrs | 6 | by Staff reporter
RBZ boss speaks on looming exit
The Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says his top priorities are to leave behind a sound financial system, strong central bank, and stable prices as his two terms come to an end....Published: 16 Apr 2023 at 08:32hrs | 1 | by Staff reporter
Hwange power plant output falls to 10%
THE Zimbabwe Power Company (ZPC) is at various stages of repairing four units at Hwange Power Station after a series of breakdowns led to a sharp drop in power supply, after output at the country's se...Published: 01 Mar 2023 at 06:54hrs | 7 | by Staff reporter
Hwange Unit 7 soon to add 300MW to Zimbabwe power grid
POWER challenges will be dramatically ameliorated as Government is working on the "best and most" reliable power supply, President Mnangagwa said yesterday.With the imminent commissioning of U...Published: 11 Jan 2023 at 16:44hrs | 11 | by Staff reporter
Zimbabwe unlikely to benefit from US$55 billion Africa injection
ALTHOUGH the United States government promised US$55 billion investment into Africa over the next three years at the US-Africa summit that ended this week, Zimbabwe is unlikely to benefit much because...Published: 21 Dec 2022 at 20:08hrs | 1 | by Staff reporter
'Mnangagwa's govt likely to print money to fund deficit'
ONE of Zimbabwe's top financial institutions, FBC Holdings Limited (FBC) says the 2023 National Budget announced last week will likely be funded by money printing, amid dwindling revenue options for T...Published: 29 Nov 2022 at 05:21hrs | 4 | by Staff reporter
Mnangagwa invites African finance houses for talks
ZIMBABWE is ready to tap into available financial services provided by the Africa Export and Import Bank (Afreximbank) and the African Development Bank (AfDB) to bolster its industrial transformation ...Published: 28 Nov 2022 at 04:54hrs | 1 | by Staff reporter
Zimbabwe millers welcome maize import ban
GRAIN millers have welcomed government's decision to suspend the importation of maize meal to protect millers from unfair pricing by "opportunists."Speaking at a meeting for the Northern Regio...Published: 24 Nov 2022 at 05:00hrs | 3 | by Staff reporter
Zesa to bill in local, US dollars
WITH official and black market foreign currency exchange rates moving towards convergence, the Government is considering allowing customers to settle their electricity bills using either local currenc...Published: 23 Oct 2022 at 09:07hrs | | by Staff reporter
Zimbabwe gets US$310m for Hwange power upgrades
Zimbabwe has secured US$310 million from the Export-Import Bank of India to rehabilitate six units at the Hwange Power Station in a bid to restore its capacity to 920 megawatts, Energy and Power Devel...Published: 13 Oct 2022 at 05:55hrs | 2 | by Staff reporter
Afreximbank Zimbabwe trade centre on cards
AFRICAN Export-Import Bank (Afreximbank) Bank has taken the first step to establish a trade centre in Zimbabwe which will cater for the southern African region.This comes at a time when the co...Published: 10 Sep 2022 at 06:22hrs | 2 | by Staff reporter
Zimbabwe's main airport finally gets radar system from China
Zimbabwe's main airport is finally getting a radar system after taking delivery of equipment as part of a US$153 million upgrade.Air traffic controllers at the Robert Gabriel Mugabe Internatio...Published: 01 Aug 2022 at 19:07hrs | 23 | by Staff reporter
'Timely IMF boost saved Zimbabwe'
A PAN African lender has ranked Zimbabwe among the biggest beneficiaries of the US$33 billion injected into the region's economies by the International Monetary Fund (IMF) last year.Africa Exp...Published: 14 Jun 2022 at 06:41hrs | | by Staff reporter
Why Zimbabwe's de-dollarization route flopped
The Zimbabwean government has announced measures to promote the wider use of the domestic currency (The Zimbabwean Dollar) in a last-ditch effort to save it from the re-dollarization onslaught. Part o...Published: 08 Jun 2022 at 07:08hrs | 20 | by Victor Bhoroma
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