Search / Investor
Zimborders hikes vehicle toll fees at Beitbridge
Zimborders Consortium, the entity managing the Beitbridge Border Post, has announced that it will be increasing access toll fees for commercial vehicles starting February 1, 2025. The fee hikes will a...Published: 29 Dec 2024 at 08:56hrs | 1709 | by Staff reporter
Tshabangu's MPs question validity of Mutapa Investment Fund valuation
Opposition parliamentarians have raised concerns over the validity of the Mutapa Investment Fund's (MIF) asset valuation, pointing to discrepancies between the reported US$16 billion valuation and ear...Published: 22 Dec 2024 at 11:13hrs | 788 | by Staff reporter
British investor bid to seize 450 cattle flops
British investor Boustead Beef has lost its High Court bid to claim 420 head of cattle or the equivalent of US$193,660 from Triangle Limited as compensation for leasing properties belonging to the Col...Published: 22 Dec 2024 at 11:11hrs | 1182 | by Staff reporter
Mnangagwa calls for unity in ZANU-PF
In a digital age where accessibility to government services online is vital, several government websites have been facing significant downtime, raising concerns about the ease of doing business in Zim...Published: 20 Dec 2024 at 11:12hrs | 83 | by Staff reporter
Festive Crackdown or Festive Crisis? How Mthuli Ncube's Policies Punish the Poor
The Zimbabwean government, under the stewardship of Finance Minister Mthuli Ncube, has launched a door-to-door crackdown to confiscate smuggled goods. This initiative, introduced during the festive se...Published: 20 Dec 2024 at 10:09hrs | 149 | by Kindred Sibanda
Open Letter: Meikles Board of Directors
Board of Directors Meikles Limited Block 4 Tendeseka Park Renfrew Road & Samora Machael Eastlea South Harare Zimbabwe Dear remaining Members of the Board, I...Published: 19 Dec 2024 at 12:32hrs | 378 | by Engineer Jacob Kudzayi Mutisi
UK Labour Government throws its weight behind Nelson Chamisa
A senior politician within Nelson Chamisa's Citizens Coalition for Change (CCC) group has disclosed that the British Labour government is providing robust support to the opposition leader, ensuring hi...Published: 18 Dec 2024 at 15:59hrs | 5873 | by George Tshuma
Is Zimbabwe on the brink of collapse?
Zimbabwe is standing at a dangerous crossroads as the nation endures an escalating energy crisis that threatens its economy, livelihoods, and future prospects. The recent wave of prolonged pow...Published: 18 Dec 2024 at 13:05hrs | 1942 | by Tendai Ruben Mbofana
The impact of duty-free incentives in the 2025 national budget
The 2025 National Budget is a forward-thinking approach to economic recovery and national development, introducing strategic duty-free incentives aimed at empowering local industries, stimulating econ...Published: 17 Dec 2024 at 20:12hrs | 1010 | by Innocent Mujeri
Stanbic named best ovderall bank 2024
Harare, 17 December 2024 - Stanbic Bank Zimbabwe has been named the overall best performing bank at the Banks and Banking Survey Awards 2024 sponsored by First Capital Bank. Stanbic Bank has n...Published: 17 Dec 2024 at 09:15hrs | 330 | by Agencies
Zimbabwe's banking sector sees surge in US dollar deposits
Zimbabwe's banking sector has experienced a remarkable increase in confidence, with foreign currency deposits rising by 13% to US$2.64 billion in October 2024, compared to the same period in 2023. Thi...Published: 14 Dec 2024 at 12:35hrs | 2133 | by Staff reporter
Zimbabwe's GDP takes US$12bn knock
Zimbabwe's gross domestic product (GDP) has sharply fallen to US$35 billion in November, a staggering 25% decline from US$47 billion in April. The sharp contraction highlights the dire economic challe...Published: 14 Dec 2024 at 10:35hrs | 183 | by Staff reporter
As the curtain comes down
Zimbabwe is a sun-drenched country in Southern Africa, some fifteen to twenty degrees South of the Equator. It's Central Plateau and Eastern Highlands are high, full of botanical flowers, trees, rocks...Published: 11 Dec 2024 at 19:46hrs | 298 | by Leonard Koni
South Africa introduces 'deportation buses'
The Minister of Home Affairs, Leon Schreiber, announced on 11 December 2024 that the department has introduced deportation buses for illegal immigrants who do not comply with immigration laws....Published: 11 Dec 2024 at 15:05hrs | 2918 | by Staff reporter
Zimbabwe wants 26% free-carry stake in new mining projects
Zimbabwe is planning to hold 26% of new mining projects on a free-carry basis, and will also negotiate with existing operators to acquire a similar stake."We need to move to a level where we r...Published: 11 Dec 2024 at 13:31hrs | 197 | by Staff reporter
Prophet Magaya makes big pledge
ZIFA presidential aspirant Walter Magaya has pledged to leave a lasting legacy in Zimbabwean football, revealing that he has invested over US$25 million into the development of sport in the country. T...Published: 11 Dec 2024 at 06:39hrs | 1258 | by Staff reporter
Mthuli Ncube unveils ambitious infrastructure funding overhaul
Finance, Economic Development, and Investment Promotion Minister Professor Mthuli Ncube has announced plans to restructure the sinking fund and expand the e-tolling system to secure sustainable revenu...Published: 09 Dec 2024 at 06:44hrs | 1020 | 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 | 645 | by Staff reporter
Zimbabwe juggles US$1bn TBs to avert crisis
President Emmerson Mnangagwa's government is restructuring repayment terms for Treasury Bonds (TBs) as it grapples with escalating debt obligations and the looming threat of default. With nearly US$74...Published: 06 Dec 2024 at 18:06hrs | 295 | by Staff reporter
EXCLUSIVE: Town Clerk threatens Councillors with arrest over bus terminus dispute day before Deputy Mayor Ndlovu is arrested
Retired Major Christopher Dube, the Town Clerk of the City of Bulawayo, has come under fire after allegedly threatening elected Councillors with arrest if they failed to reverse their decision to relo...Published: 05 Dec 2024 at 20:00hrs | 1579 | by George Tshuma
'John Moxon tried to sell Victoria Falls Hotel stake without board approval'
Tensions at Meikles Limited have reached a boiling point, as a group of four directors has accused the company's non-executive chairman, John Moxon, of attempting to sell the group's 50% stake in the ...Published: 04 Dec 2024 at 09:21hrs | 1730 | by Staff reporter
Mnangagwa says power cuts cast a cloud over Sadc
President Emmerson Mnangagwa has highlighted the persistent electricity shortages facing Zimbabwe and other Southern African Development Community (SADC) member states, calling them a major hindrance ...Published: 04 Dec 2024 at 06:52hrs | 209 | 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 | 91 | by Staff reporter
SA-based Diaspora Kapita to issue US$10m bond in Zimbabwe
South Africa-based investment holding firm Diaspora Kapita (DK) is set to make waves in the Zimbabwean financial landscape as it prepares to list on the Victoria Falls Stock Exchange (VFEX) and raise ...Published: 02 Dec 2024 at 07:16hrs | 193 | by Staff reporter
'Mnangagwa's ED2030 a complete impossibility'
As Zimbabwe approaches the midpoint of President Emmerson Mnangagwa's second term, growing scepticism surrounds his Vision 2030 initiative and the increasingly controversial push to extend his preside...Published: 01 Dec 2024 at 12:43hrs | 830 | by Staff reporter
Govt orders suspension of Bulawayo deputy mayor
The Ministry of Local Government and Public Works has suspended Bulawayo Deputy Mayor Councillor Edwin Ndlovu and Finance and Development Committee Chairperson Clr Mpumelelo Moyo following their arres...Published: 01 Dec 2024 at 08:54hrs | 679 | by Staff reporter
High Court acquits businessman of US$1 million fraud
The High Court has overturned the conviction of Spartan Security (Pvt) Ltd and its director, businessman Luka Ignatius Fabris, in a high-profile fraud case involving US$1 million. In a ruling delivere...Published: 29 Nov 2024 at 07:17hrs | 683 | by Staff reporter
Mthuli Ncube squeezes taxpayers
Finance, Economic Development and Investment Promotion Minister, Mthuli Ncube, yesterday unveiled a set of new taxes aimed at bolstering government revenue in the 2025 national budget. The tax measure...Published: 29 Nov 2024 at 07:16hrs | 820 | by Staff reporter
Corruption deeply entrenched within Zimbabwe's pro-democracy movement
United States-based veteran opposition activist Freeman Chari has alleged that corruption is deeply entrenched within Zimbabwe's pro-democracy movement, warning that the problem undermines the credibi...Published: 28 Nov 2024 at 16:23hrs | 184 | by Staff reporter
'I was sent by the Town Clerk to the police station' Jailed Deputy Mayor Edwin Ndlovu says
The recent arrest of Bulawayo Deputy Mayor Edwin Ndlovu over allegations of demanding a US$20,000 facilitation fee from a cemetery factory investor has sent shockwaves through the city. However, an af...Published: 28 Nov 2024 at 14:57hrs | 946 | by George Tshuma
New 750MW power station for Hwange
President Emmerson Mnangagwa is set to officiate the groundbreaking ceremony for a new 720-megawatt power station in Hwange next week, signaling another milestone in Zimbabwe's drive for energy self-s...Published: 28 Nov 2024 at 06:41hrs | 591 | by Staff reporter
Mnangagwa orders arrest of culprits
President Emmerson Mnangagwa has expressed deep concern over the increasing corruption within local councils across Zimbabwe, calling for the arrest and prosecution of all officials involved in graft....Published: 27 Nov 2024 at 07:15hrs | 2206 | by Staff reporter
Chinese cement plant commissioning set for January in Zimbabwe
Huaxin Zimbabwe (Pvt) Limited, a subsidiary of Chinese multinational Huaxin Cement Co. Ltd, is on track to commence cement production at its state-of-the-art plant in Mount Hampden by the end of 2024....Published: 27 Nov 2024 at 06:41hrs | 208 | by Staff reporter
Zimbabwe's electricity crisis: Declare a State of National Disaster and retire Sydney Gata to save the nation
As I write this article, the town of Redcliff, like much of Zimbabwe, remains shrouded in darkness following a 24-hour nationwide blackout that began yesterday. This is not the first time we'v...Published: 25 Nov 2024 at 11:55hrs | 1181 | by Tendai Ruben Mbofana
Chinese debt threatens to switch off Zimbabwe's Hwange
Zimbabwe's industrial sector is on edge this week as concerns grow over the future of the Hwange Thermal Power Station, a critical asset for the country's beleaguered power grid. With power utility Ze...Published: 24 Nov 2024 at 10:14hrs | 11684 | by Staff reporter
Call for more arrests to stamp out corruption
Bulawayo is facing a corruption scandal within its city council, with land developers revealing that they have long been forced to pay bribes to city councillors to secure contracts. The allegations c...Published: 24 Nov 2024 at 10:09hrs | 148 | by Staff reporter
Zimbabwe govt to simplify business licensing
The Zimbabwean Government is taking proactive steps to simplify the business licensing process and reduce associated costs, with the aim of improving the ease of doing business in the country. A Cabin...Published: 24 Nov 2024 at 10:05hrs | 177 | by Staff reporter
Construction thrives in Zimbabwe
Zimbabwe's construction sector is on the rebound despite the effects of currency volatility and an uncertain monetary policy framework.Piniel Mkushi, chairman of Cafca - the only cable manufac...Published: 22 Nov 2024 at 17:18hrs | 3180 | by Staff reporter
Lupane methane gas project stuck on paper
The long-awaited Lupane methane gas project is facing delays as investors have reportedly expressed dissatisfaction with the terms and conditions set by the government, preventing the initiative from ...Published: 22 Nov 2024 at 08:26hrs | 493 | by Staff reporter
5MW plant commissioned at Mutirikwi Dam
A major step forward in Zimbabwe's energy sector was made on Saturday with the commissioning of a five-megawatt hydropower project at Mutirikwi Dam. The plant, a collaboration between local and foreig...Published: 21 Nov 2024 at 06:30hrs | 303 | by Staff reporter
UK, Czech Republic investors in Bulawayo
Investors from the Czech Republic and the United Kingdom (UK) visited Bulawayo on Monday to explore opportunities in various sectors as the city grapples with the challenges of de-industrialisation....Published: 21 Nov 2024 at 06:27hrs | 149 | by Staff reporter
'ZSE left with two valuable counters'
The Zimbabwe Stock Exchange (ZSE) is witnessing a significant shift, with Delta Corporation Limited and Econet Wireless Zimbabwe now standing as the only major valuable counters on the bourse. Several...Published: 20 Nov 2024 at 07:03hrs | 191 | by Staff reporter
Mnangagwa commissions US$18,5m Bulawayo students' complex
President Emmerson Mnangagwa yesterday officially commissioned the state-of-the-art Bulawayo Students Accommodation City Complex, a landmark project in Matsheumhlope suburb valued at US$18.5 million. ...Published: 16 Nov 2024 at 14:22hrs | 333 | by Staff reporter
'TTI operating at a loss in Bulawayo'
Tendy Three Investments (TTI), the company contracted to manage parking bays in Bulawayo, is reportedly operating at a significant loss and has proposed a drastic shift in its public-private partnersh...Published: 15 Nov 2024 at 08:38hrs | 2011 | by Staff reporter
Bulawayo Deputy Mayor arrested for bribery
The Deputy Mayor of Bulawayo, Edwin Ndlovu, and Councillor Mpumelelo Moyo, who chairs the Finance and Development Committee, have been arrested by the Zimbabwe Anti-Corruption Commission (ZACC) on all...Published: 15 Nov 2024 at 08:27hrs | 420 | by Staff reporter
Plundering of Zimbabwe's minerals stalling a just energy transition in fighting climate change
In his address at a High-Level Meeting on Resourcing the Energy Transition with Justice and Equity, held on the sidelines of COP29 in Baku, Azerbaijan, Zimbabwe's President Emmerson Mnangagwa delivere...Published: 14 Nov 2024 at 12:37hrs | 170 | by Tendai Ruben Mbofana
Zimbabwe-Zambia energy summit excites Zera
The upcoming Zimbabwe-Zambia Energy Projects Summit, set to take place in Victoria Falls from November 18 to 21, 2024, will serve as a pivotal platform for advancing sustainable energy solutions and e...Published: 14 Nov 2024 at 09:49hrs | 148 | by Staff reporter
Mnangagwa says mineral-rich countries must not remain poor
As the world transitions toward renewable energy, Zimbabwe and other mineral-rich nations must not remain impoverished but should harness opportunities to drive sustainable growth, President Emmerson ...Published: 14 Nov 2024 at 09:24hrs | 100 | by Staff reporter
Bulawayo councillors flag sprouting illegal bus ranks
Councillors in Bulawayo are concerned over the rise of illegal bus ranks in the city as it becomes clear that the long-awaited Egodini Mall project may not be able to accommodate all city buses. With ...Published: 12 Nov 2024 at 10:56hrs | 247 | by Staff reporter
BCC scrap support for NRZ public transport interchange plan
The Bulawayo City Council has rescinded its support for a planned public transport interchange on National Railways of Zimbabwe (NRZ) land, which was intended to alleviate congestion in the central bu...Published: 11 Nov 2024 at 07:05hrs | 434 | by Staff reporter
Load More Stories
