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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 | 250 | 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 | 139 | by Staff reporter
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 | 2437 | 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 | 1193 | 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 | 161 | 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 | 481 | 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 | 3786 | 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 | 94 | 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 | 192 | 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 | 49 | 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 | 90 | 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 | 286 | 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 | 611 | 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 | 2417 | by Roland Mpofu I iol
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 | 325 | 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 | 810 | by Staff reporter
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 | 1227 | 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
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 | 556 | by Chris Mutsvangwa
Zimbabwe lifts exchange rate controls
Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability a...Published: 17 Apr 2025 at 07:36hrs | 11467 | by Staff reporter
Diaspora remittances surge 7,5% in February
Diaspora remittances to Zimbabwe grew by 7.5 percent in February 2025, reaching US$165 million, up from US$153.8 million in the same month last year. The increase highlights the continued importance o...Published: 26 Mar 2025 at 06:46hrs | 104 | by Staff reporter
Coltart frustrated by Glassblock Dam delays
Bulawayo Mayor David Coltart has expressed mounting frustration over the bureaucratic hurdles that are stalling the long-awaited Glassblock Dam project, a critical initiative aimed at ensuring a stabl...Published: 23 Mar 2025 at 08:27hrs | 1114 | by Staff reporter
Zimbabwe's dam levels show upward trend
The Zimbabwe National Water Authority (Zinwa) has reported that dam levels across the country continue to rise, although the rate of increase has slowed down due to reduced rainfall in some regions. D...Published: 12 Mar 2025 at 16:15hrs | 2581 | by Staff reporter
Alarm over major city dam's low water inflows
Bulawayo's water supply faces a growing crisis as one of its main water sources, Inyankuni Dam, has received only 6% of its designed inflows, a situation worsened by rampant illegal gold mining in the...Published: 09 Mar 2025 at 13:20hrs | 202 | by Staff reporter
Bulawayo dams remain critically low since Independence
Despite this year's above-normal rainfall season, Bulawayo could still face extended periods without water, with the local authority warning of a potential crisis that could rival some of the worst in...Published: 09 Mar 2025 at 13:17hrs | 104 | by Staff reporter
Bulawayo dam levels still low
WATER inflows into Bulawayo supply dams remain low despite the recent rains with the overall level for the six supply dams at 49.69 percent as of Monday 24 February 2025.This is despite some d...Published: 25 Feb 2025 at 16:25hrs | 2567 | by Staff reporter
Mnangagwa's Cabinet resolves to corner vendors
As Zimbabwe's economy continues to spiral downward, the government has introduced a series of controversial measures aimed at taxing the struggling informal sector and vendors to boost state revenue. ...Published: 12 Feb 2025 at 11:21hrs | 1253 | by Staff reporter
Zimbabwe's 2024 foreign currency receipts top US$13bn
Zimbabwe's foreign currency inflows grew by 21 percent in 2024, reaching US$13.3 billion compared to US$11 billion in 2023, driven primarily by an increase in export proceeds, according to the Reserve...Published: 12 Feb 2025 at 06:35hrs | 261 | by Staff reporter
Concerns over RBZ's reduction of forex retention for horticulture exporters
The Horticultural Development Council (HDC) has expressed concerns about the Reserve Bank of Zimbabwe's (RBZ) recent decision to lower the foreign currency retention threshold for exporters from 75% t...Published: 10 Feb 2025 at 09:41hrs | 231 | by Staff reporter
Zimbabwe's foreign currency reserves surge by 87%
The Reserve Bank of Zimbabwe (RBZ) has reported a significant increase in its foreign currency reserves, which have surged by 87% to reach US$550 million as of January 2025. This marks a substantial g...Published: 08 Feb 2025 at 12:49hrs | 3939 | by Staff reporter
Shunned by the West, Zimbabwe's UAE gamble hands economy a lifeline
Zimbabwean President Emmerson Mnangagwa's six years of wooing the United Arab Emirates has given a lifeline to a nation that the West has ostracised for a quarter century and is unable to repay its lo...Published: 06 Feb 2025 at 09:12hrs | 1321 | by Staff reporter
Mnangagwa touches off storm over US deportations
President Emmerson Mnangagwa has caused a stir after publicly backing United States President Donald Trump's decision to deport over 500 undocumented Zimbabweans, as part of the Trump administration's...Published: 06 Feb 2025 at 08:19hrs | 708 | by Staff reporter
Bulawayo City Council maintains water shedding
Bulawayo City Council (BCC) has announced that the city's water-shedding regime will remain in place, despite recent heavy rains and the recommissioning of uMzingwane Dam. The move comes as the counci...Published: 05 Feb 2025 at 12:01hrs | 174 | by Staff reporter
Kariba Dam level increases 6%
The water levels at Kariba Dam have been steadily rising, following the recent rains in the region, according to the latest hydrological update from the Zambezi River Authority (ZRA).As of Mon...Published: 05 Feb 2025 at 11:59hrs | 823 | by Staff reporter
Water levels continue to rise in Lake Kariba
Recent heavy rains have started to positively affect water levels in Lake Kariba, with expectations that flows in the upper and lower catchment areas of the Zambezi River will continue to improve arou...Published: 04 Feb 2025 at 16:49hrs | 462 | by Staff reporter
Hwange Power Station breaches 1 000MW output
Consumers across Zimbabwe have expressed their satisfaction with the recent improvement in power supply, attributed to the successful completion of maintenance works at the Hwange Power Station. The f...Published: 30 Jan 2025 at 06:52hrs | 3151 | by Staff reporter
Foreign investment interest in Zimbabwe remains strong
Foreign investor interest in Zimbabwe continues to grow, with 200 investment licences issued in the fourth quarter of 2024, according to the latest report by the Zimbabwe Investment Development Agency...Published: 24 Jan 2025 at 07:24hrs | 74 | by Staff reporter
'Gold panners obstructing water inflows to Mzingwane Dam'
Bulawayo Mayor David Coltart has raised concerns over illegal gold mining activities, which he says are hindering rainwater from flowing into Mzingwane Dam and preventing the water body from aiding in...Published: 14 Jan 2025 at 14:10hrs | 162 | by Staff reporter
Zimbabwe Banking on Gold to Drive Economic Growth and Foreign Currency Inflows
Zimbabwe's gold sector is on track to significantly boost the country's economy, with output projected to reach 40 tonnes this year. This growth is attributed to substantial investments, a stable oper...Published: 07 Jan 2025 at 18:19hrs | 843 | by Ndou Paul
Zupco to import spare parts for 100 grounded buses
Zimbabwe United Passengers Company (Zupco) CEO George Chigora has revealed plans to import spare parts for 100 grounded buses, as the public transporter seeks to revitalize its fleet and improve servi...Published: 21 Dec 2024 at 08:26hrs | 235 | by Staff reporter
Mukuru expanding into deposit-taking microfinance institution
Zimbabwe's rapidly growing remittance sector has prompted several money transfer platforms to diversify their services, with Mukuru Financial Services Zimbabwe Limited becoming the latest to be licens...Published: 19 Dec 2024 at 16:56hrs | 502 | by Staff reporter
Zinwa financial rot exposed
An external audit conducted by Grant Thornton has raised serious concerns about the financial management at the Zimbabwe National Water Authority (Zinwa), revealing significant irregularities in its r...Published: 14 Dec 2024 at 12:35hrs | 2165 | 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 | 2669 | by Staff reporter
Zimbabwe's cash reserves cannot cover a month
The Zimbabwe National Chamber of Commerce (ZNCC) has raised alarm over the country's dwindling foreign currency reserves, warning that the current US$540 million is insufficient to cover even a single...Published: 06 Dec 2024 at 18:10hrs | 649 | by Staff reporter
Zimbabwe inflation eases
Zimbabwe's inflation rate eased significantly in November, marking a slowdown to 11.7% from 37.2% in October, according to the Reserve Bank of Zimbabwe (RBZ). The decline was attributed to the central...Published: 05 Dec 2024 at 11:08hrs | 497 | by Staff reporter
RBZ keeps rates steady
Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu has announced that the bank policy rate will remain at 35%, and statutory reserve requirements will stay unchanged, as the central bank seeks ...Published: 05 Dec 2024 at 06:55hrs | 467 | by Staff reporter
Zimbabwe's central bank claims success in stabilising rate and inflation
The Reserve Bank of Zimbabwe (RBZ) has announced significant progress in stabilising the country's exchange rate and inflation following a series of monetary policy interventions, including a cumulati...Published: 04 Dec 2024 at 14:23hrs | 298 | by Staff reporter
Zimbabwe forex receipts jumps 17.9% to $10 billion in 2024
Zimbabwe recorded a remarkable 17.9% increase in foreign currency receipts in the first nine months of 2024, reaching US$10 billion compared to US$8.5 billion during the same period in 2023. This grow...Published: 02 Dec 2024 at 07:17hrs | 96 | by Staff reporter
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