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Sunway City targets 70% growth in five years
Sunway City, one of Zimbabwe's flagship special economic zones (SEZs) and a major smart city development project, is aiming to reach at least 70 percent completion within the next five years as part o...Published: 11 May 2025 at 21:57hrs | 860 | by Staff reporter
Iran-Zimbabwe to launch pharmaceutical joint venture
Zimbabwe is set to benefit from a major industrial boost following Iran's commitment to establish a pharmaceutical manufacturing facility and a tractor assembly plant in the country through a joint ve...Published: 30 Apr 2025 at 07:12hrs | 139 | by Staff reporter
Zupco in drive to procure 500 buses
ZUPCO is set to kick off the long-awaited procurement of hundreds of new buses within the next three months, marking a significant step forward in efforts to modernise Zimbabwe's public transport syst...Published: 17 Apr 2025 at 13:43hrs | 1136 | by Staff reporter
Chiwenga to officiate at Investment Forum
The Ministry of Industry and Commerce is preparing to host the Investment Forum next Monday, attracting key stakeholders and policymakers from across Africa. The forum, held in collaboration with the ...Published: 26 Jul 2024 at 06:38hrs | 210 | by Staff reporter
Cyril Ramaphosa's 'plot' to kill the ANC
SOME senior ANC leaders have accused President Cyril Ramaphosa of working with external parties to collapse the governing party and replace it with a centre-right coalition led by him after the 2024 g...Published: 17 Jul 2024 at 09:09hrs | 1732 | by Staff reporter
'Mutapa Investment Fund mustn't become conduit for looting'
AS prevalence of public sector corruption reaches alarming levels, the International Monetary Fund (IMF) has demanded that Zimbabwean authorities ensure the newly-established Mutapa Investment Fund (M...Published: 11 Mar 2024 at 09:09hrs | 40 | by Staff reporter
Mnangagwa's Mutapa Fund likely to create oligarchs
FEARS abound that President Emmerson Mnangagwa's self-serving Mutapa Investment Fund project has hallmarks of how Russian state assets were sold for a song or brazenly stolen during its transition fro...Published: 09 Oct 2023 at 13:50hrs | | by Staff reporter
Mutapa looting machine
PRESIDENT Emmerson Mnangagwa is full of surprises.He wants to be seen to be doing something and, in many instances, creates new offices that in reality are as clear as mud.Mutapa Inves...Published: 23 Sep 2023 at 21:34hrs | 2 | by Paidamoyo Muzulu
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
13 distressed Zimbabwe firms rescued
Testifying to its commitment to tangible deliverables aimed at transforming the livelihoods of the people, the Second Republic, under the stewardship of President Mnangagwa, has resuscitated 13 previo...Published: 11 May 2023 at 05:30hrs | 3 | by Staff reporter
Zacc pounces on IDCZ bosses
THE Zimbabwe Anti-Corruption Commission (Zacc) on Friday last week arrested two officials from the Industrial Development Corporation of Zimbabwe (IDDZ) on allegations of criminal abuse of office invo...Published: 01 May 2023 at 08:10hrs | 7 | by Staff reporter
Forgery lands legal manager in court
A legal manager at the Industrial Development Corporation of Zimbabwe has appeared in court on allegations of forging documents needed by the Zimbabwe Anti-Corruption Commission to see if a vehicle bo...Published: 03 Apr 2023 at 06:23hrs | 3 | by Staff reporter
Willowvale to start assembling vehicles in Zimbabwe
WILLOWVALE Motor Industries will in August resume assembling vehicles after a hiatus of more than five years as the subsidiary of the Industrial Development Corporation of Zimbabwe (IDCZ) returns to i...Published: 03 Apr 2023 at 06:20hrs | 36 | by Staff reporter
Mnangagwa asked to intervene in mine row
THE Ministry of Industry and Commerce has requested President Emmerson Mnangagwa to intervene in a mining wrangle between Chemplex Corporation and a former executive with the Industrial Development Co...Published: 25 Feb 2023 at 07:09hrs | 8 | by Staff reporter
Zimbabwe exports in 5,5% jump from a low base
ZIMBABWE'S manufacturers enjoyed rising export demand amid an increase in productivity, a government State of Industry report has indicated.The report suggested that manufactured export goods ...Published: 21 Feb 2023 at 05:53hrs | 2 | by Staff reporter
Mnangagwa, Chiwenga 'bribe' backfires
President Emmerson Mnangagwa and Vice-President Constantino Chiwenga are said to have refused to entertain the duo.An alleged attempt to bribe President Emmerson Mnangagwa and Vice President C...Published: 05 Feb 2023 at 08:29hrs | 3 | by Staff reporter
Steel firms pour US$1 billion into Zimbabwe
Major steel-processing firms developing operations in Zimbabwe have this year invested over US$1 billion into their projects, which are at various stages of implementation, official data showed yester...Published: 27 Dec 2022 at 06:40hrs | 6 | by Staff reporter
Zimbabwe to stop smuggling of beverages
Zimbabwe's beverage sector has been affected by rising cases of smuggling, a new report has shown.In a paper submitted to Cabinet, Industry and Commerce minister Sekai Nzenza said there had be...Published: 21 Dec 2022 at 20:09hrs | 1 | by Staff reporter
Smallholder farmers to benefit from US$15 million loan
SMALLHOLDER farmers will soon benefit from a US$15 million loan obtained by the Government from the OPEC Fund for International Development.Finance and Economic Development Minister Professor ...Published: 12 Dec 2022 at 01:02hrs | 160 | by Staff Reporter
Ramaphosa's 'plot' to kill the ANC
SOME senior ANC leaders have accused President Cyril Ramaphosa of working with external parties to collapse the governing party and replace it with a centre-right coalition led by him after the 2024 g...Published: 30 Jun 2022 at 19:46hrs | 14 | by Staff reporter
Surface Wilmar's plant 75% complete
THE country's biggest cooking oil manufacturer, Surface Wilmar says its US$24 million plant that is under construction in Harare will commence production in September.The plant was shut down i...Published: 06 Apr 2022 at 06:30hrs | 10 | by Staff reporter
Surface Wilmar in US$50m Olivine revival plan
THE country's biggest cooking oil manufacturer, Surface Wilmar has put in place a revival plan for Olivine Industries, which will result in a US$50 million upgrade of the Willowvale plant in Harare....Published: 01 Apr 2022 at 09:15hrs | 7 | by Mukunda Chitova
Mnangagwa dares public enterprises
Parastatals and State-owned enterprises have been challenged not to be drains on the Treasury but to pay dividends and propel growth of the economy through meaningful contribution to the country's Gro...Published: 03 Mar 2022 at 05:37hrs | 2 | by Staff reporter
Govt issues $24 billion Covid-19 guarantees
FINANCE minister Mthuli Ncube says government has issued debt guarantees amounting to $24,2 billion and US$15,2 million to help firms ride out Covid-19 induced operational problems.A governmen...Published: 28 Nov 2021 at 08:04hrs | 11 | by Staff reporter
IDC throws out bids for Deven
TWO local companies seeking a shareholding in Deven Engineering had their bids thrown out after they failed to offer the "best value for money" for the coach builder.Deven's core competence is...Published: 22 Nov 2021 at 05:50hrs | 11 | by Staff reporter
Zanu-PF-linked businessman fails to turn around Zimglass
SLIGHTLY more than a decade ago, a drive along Portland Road in Gweru's heavy industrial sites would lead one to the glass-manufacturing giant — and one of the companies that made the Midlands capit...Published: 03 Oct 2021 at 08:22hrs | 4 | by Staff reporter
Russian fertiliser producer opens base in Zimbabwe
UNITED Fertiliser Company Limited (UFCL), a Russian firm with a global footprint, has opened a branch in Zimbabwe.The latest development comes at a time when the Government, under the Second R...Published: 29 Sep 2021 at 06:33hrs | 3 | by Staff reporter
Old Mutual rallies re-engagement efforts
FINANCIAL services provider, Old Mutual Holdings has implored relevant authorities to continue with international re-engagement efforts to attain healthier relations with international financial marke...Published: 05 Sep 2021 at 06:53hrs | 1 | by Nobleman Runyanga
IMF funds to power Zimbabwe's economic agenda
The US$961 million boost received from the International Monetary Fund (IMF) last week will give impetus to the country's economic programmes guided by the five-year National Development Strategy 1 (N...Published: 29 Aug 2021 at 07:07hrs | 2 | by Staff reporter
Russian vehicle manufacturer to partner Zimbabwean firms
Russian vehicle giant Urals Automotive Plant (UralAZ) intends to partner local firms to build a bus and truck assembling plant in the country, Industry and Commerce Minister Dr Sekai Nzenza has reveal...Published: 11 Jul 2021 at 10:36hrs | 3 | by Staff reporter
Zimra commences deducting mining royalties
THE Zimbabwe Revenue Authority (Zimra) has started executing its recently added mandate of deducting mining royalties, through banking institutions, on behalf of Treasury.The tax authority sai...Published: 16 Jun 2021 at 08:18hrs | 1 | by Staff reporter
Zimbabwean academic lands global post
ONE Campaign, a global charity organisation tackling extreme poverty and preventable diseases in Africa, has appointed Zimbabwean academic, Dr Jackie Chimhanzi, to its board of directors.In a ...Published: 30 May 2021 at 08:28hrs | 13 | by Staff reporter
IDCZ battles to find 'high calibre' CEO
THE myth that some of Africa's best business minds are found in Zimbabwe has been disproved at the State-run Industrial Development Corporation of Zimbabwe (IDCZ), which has struggled to find a CEO fo...Published: 28 May 2021 at 08:04hrs | 4 | by Staff reporter
Mnangagwa ally turns US$22m glass firm into cattle pen
PROMINENT Gweru businessman Douglas Makwande has set himself on a collision course with the Gweru City Council after converting premises of Zimbabwe Glass Holdings (Zimglass) into a cattle pen for his...Published: 11 May 2021 at 16:45hrs | 10 | by Staff reporter
Privatization plans off rails
In November 2018, the Zimbabwean government set out a privatization plan to dispose completely and partially privatize over 23 state entities and parastatals (SEPs). According to the Auditor General R...Published: 07 May 2021 at 15:41hrs | 3 | by Victor Bhoroma
Cyril Ramaphosa's 'plot' to kill the ANC
SOME senior ANC leaders have accused President Cyril Ramaphosa of working with external parties to collapse the governing party and replace it with a centre-right coalition led by him after the 2024 g...Published: 07 May 2021 at 11:34hrs | 6 | by Piet Rampedi
Privatisation in limbo as govt moves to control state firms
EXPERTS say governments' decision to centralise control of State firms will destroy prospects of privatisation and might not be the panacea to challenges facing parastatals.State-owned entitie...Published: 11 Dec 2020 at 19:01hrs | 2 | by Staff reporter
Govt to centralise control of State firms
THE Government will adopt a centralised ownership model for State-owned enterprises (SOEs) to eliminate inconsistencies in governance and ministerial interferences, Finance and Economic Development Mi...Published: 27 Nov 2020 at 06:54hrs | 2 | by Staff reporter
'Push for US$100m IDC'
ZIMBABWE's industrial sector has appealed for a lifeline of up to Us$100 million to recapitalise the state-run Industrial Development Corporation (IDC) and bolster its capacity to bail out struggling ...Published: 16 Oct 2020 at 07:03hrs | 2 | by Staff reporter
Old Mutual divests from Moyo's NMT Capital
OLD Mutual Limited (OML) has revealed plans to divest from NMT Capital, a company founded by its recently axed chief executive, Peter Moyo.Last month, the South African-based financial service...Published: 04 Sep 2019 at 08:42hrs | | by Staff reporter
Trouble for Peter Moyo as Old Mutual plans to exit his company
In its half-year results, released on Monday morning, Old Mutual says it is planning to exit a company founded by its on-again, off-again CEO Peter Moyo.Moyo was axed in June following a suspe...Published: 02 Sep 2019 at 08:15hrs | 3 | by Staff reporter
Peter Moyo ouster was 'artificially manufactured'
Former Old Mutual CEO Peter Moyo on Thursday sought to demonstrate that the breakdown in trust cited by his former employer as a reason for his axing was "artificially manufactured".Moyo is in...Published: 18 Jul 2019 at 16:55hrs | 1 | by Staff reporter
Peter Moyo vs. Old Mutual: 7 key factors as they head to court
Ex-Old Mutual CEO Peter Moyo heads to court on Tuesday to challenge his dismissal by the financial giant.The legal wrangle centres around the blue-chip company's dismissal of its former chief ...Published: 16 Jul 2019 at 08:14hrs | 1 | by Staff reporter
Mthuli Ncube opens up
Zimbabwe is on a journey of reform. Nobody ever said it wouldn’t be a bumpy ride; but the most important thing is that the journey has begun, and we are heading in the right direction.The Tr...Published: 03 Jun 2019 at 10:11hrs | 1 | by Mthuli Ncube
Why Zimbabwe is on the path to progress
Zimbabwe is on a journey of reform. Nobody ever said it wouldn't be a bumpy ride; but the most important thing is that the journey has begun, and we are heading in the right direction.The Tran...Published: 03 Jun 2019 at 07:23hrs | | by Prof Mthuli Ncube
Minister Matiza in NRZ funding storm
TRANSPORT minister Joel Biggie Matiza could have mislead parliament this week when he told legislators that South African rail, port and pipeline company, Transnet, and Diaspora Infrastructure Develop...Published: 17 May 2019 at 07:18hrs | 14 | by Staff reporter
Parastatals to be privatised in six months, says official
The government expects to find investors for state enterprises earmarked for partial privatisation and tie up the deals in the next six months, an official has said.Zimbabwe has 107 state-owne...Published: 12 May 2019 at 06:25hrs | 1 | by Staff reporter
Mnangagwa's reform programme steams ahead
In an interview with the British Broadcasting Corporation (BBC), this writer was asked what reforms President Mnangagwa had undertaken.The journalist asking the question was reminded that her ...Published: 28 Apr 2019 at 07:31hrs | 3 | by Nick Mangwana
Zesa re-bundling part of parastatals reforms, says Chiwenga
THE re-bundling of Zesa and merger of its five previously separate entities into a single integrated company will cut overhead costs and boost power generation efficiency, Vice President Constantino C...Published: 25 Apr 2019 at 07:02hrs | 4 | by Staff reporter
FULL TEXT: President Mnangagwa's full Independence speech
President Emmerson Mnangagwa today delivered his first Independent speech at the national Sports Stadium. In the speech Mnangagwa paid tribute to the victims of Cyclone Idai both from Zimbabwe...Published: 18 Apr 2019 at 20:41hrs | 19 | by Mandla Ndlovu
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