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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: 19 hrs ago | 159 | by Staff reporter
US sanctions on Zimbabwe are real, US Bank to close accounts
Mercury Bank, a fintech based in the United States offering banking services to more than 100,000 early-stage startups, has included Nigeria in a list of countries restricted from opening and operatin...Published: 24 Jul 2024 at 09:57hrs | 22886 | by Staff reporter
Khupe calls for cancer medicine research in Zimbabwean varsities
BULAWAYO proportional representative legislator Thokozani Khupe has called on the government to fully fund universities and promote research on cancer medicines throughout the country.Khupe wa...Published: 24 Jul 2024 at 09:22hrs | 223 | by Staff reporter
Russian investors keen on Zimbabwe energy sector
Foreign Affairs and International Trade Minister Ambassador Frederick Shava met with a Russian business delegation from the Renova Group, led by director of strategy Mr. Oleg Fomichev, to explore oppo...Published: 23 Jul 2024 at 07:13hrs | 140 | by Staff reporter
Economic Empowerment Bill gets thumbs up
Stakeholders in Bulawayo, including small to medium enterprises (SMEs), have welcomed the Economic Empowerment Bill, which aims to replace the Indigenisation and Economic Empowerment Act with a new Ec...Published: 19 Jul 2024 at 06:16hrs | 155 | by Staff reporter
Chinese national filmed torturing Zimbabwean miners
Calls for the immediate arrest of a Chinese national recorded torturing locals in Bindura over alleged diesel theft are increasing. The unnamed Chinese manager at Makanga Mine was filmed tying up Zimb...Published: 16 Jul 2024 at 07:01hrs | 1528 | by Staff reporter
Zimbabwe's lithium gambit: Navigating China-US rivalry
Lithium is Zimbabwe's third-largest mineral export after gold and platinum group of metals, bringing in US$2,46 billion and US$2,27 billion, respectively, in 2023.AS the world is going through...Published: 15 Jul 2024 at 08:17hrs | 214 | by Samir Bhattacharya
Zimbabwe should ditch the toxic US dollar
Zimbabwe's economy has been intertwined with the US dollar for over a decade, a relationship that began as a pragmatic response to hyperinflation and economic collapse in the late 2000s. The adoption ...Published: 12 Jul 2024 at 09:46hrs | 45 | by Staff writer
Zimbabwe economy on the upswing, rating agency says
ICRA Rating, a UAE-based credit rating agency, has lauded Zimbabwe's economy for demonstrating impressive resilience and growth. The agency attributes this positive outlook to recent government initia...Published: 12 Jul 2024 at 09:15hrs | 28 | by Staff reporter
Minister fires warning shots at Harare brothels
Tourism and Hospitality Industry Minister, Barbara Rwodzi has expressed dissatisfaction with mushrooming brothels countrywide, announcing Harare as the main culprit where unregistered 'quickie nests' ...Published: 08 Jul 2024 at 17:17hrs | 145 | by Gideon Madzikatidze/Simbarashe Sithole
John II's mission impossible to save Zimbabwe economy clocks 100 days
Zimbabwe's new central bank Governor John Mushayavanhu has done the seemingly impossible in his first 100 days - created a stable currency and tamed price pressures in a nation that's been a poster-ch...Published: 08 Jul 2024 at 11:06hrs | 3 | by Staff reporter
2024 Mine Entra postponed
The 27th edition of the mining, engineering, and transport exhibition, Mine Entra, originally planned for July 17-19 in Bulawayo, has been postponed indefinitely. The decision to postpone was announce...Published: 06 Jul 2024 at 12:22hrs | | by Staff reporter
Boost for ZSE as govt suspends tax on stocks
Government has implemented significant tax reductions and suspensions aimed at revitalizing trading activity on the Zimbabwe Stock Exchange (ZSE). The 40% capital gains tax (CGT) on stocks sol...Published: 02 Jul 2024 at 06:36hrs | | by Staff reporter
Zimbabwe's political crisis has dragged on for too long
The phrase "political economy" has entered the dictionary of the World Bank and other development organizations around the world.Academic interest in the components of the political economy of...Published: 01 Jul 2024 at 11:35hrs | 13 | by Evans Mathanda
Zambia's President rallies investors to pick KAZA opportunities
Zambia's President Hakainde Hichilema has called on investors to explore opportunities in the Kavango Zambezi Transfrontier Conservation Area (KAZA TFCA) beyond the traditional mining sector. ...Published: 01 Jul 2024 at 11:23hrs | 1 | by Staff reporter
Zanu-MP bemoans govt's failure to renovate National Sports Stadium
ZANU-PF Murewa West legislator Farai Jere has criticized Zimbabwe's failure to renovate the National Sports Stadium, highlighting the embarrassment caused by the national soccer teams being forced to ...Published: 30 Jun 2024 at 18:37hrs | | by Staff reporter
Zimbabwe's solar sector poised for growth
Solarpro Zimbabwe's latest report highlights the immense growth potential of Zimbabwe's solar sector, presenting a lucrative investment opportunity aligned with sustainable development goals. Accordin...Published: 30 Jun 2024 at 18:33hrs | | by Staff reporter
Bulawayo attracts over US$77m in investments
In 2023, Bulawayo Metropolitan Province attracted approximately US$77.28 million in projected investments, marking a significant contribution to Zimbabwe's economic growth. This achievement was facili...Published: 30 Jun 2024 at 18:25hrs | | by Staff reporter
Zimbabwe anticipating a significant power supply deficit
Zimbabwe is anticipating a significant power supply deficit, projected to reach up to 2,800 megawatts (MW) by the end of 2025, an increase from the current deficit of 500MW. This rise is driven by the...Published: 28 Jun 2024 at 14:54hrs | 3 | by Staff reporter
SA Rand is a DA member in good standing
South Africa's currency fell the most in emerging markets Thursday (27 June), leading a selloff in the nation's assets, amid growing anxiety over delays to the formation of President Cyril Ramaphosa's...Published: 28 Jun 2024 at 10:06hrs | 1 | by Staff reporter
Fresh push to drive intra-Sadc trade
Industry and Commerce Minister Nqobizitha Ndlovu urged the private sector to identify obstacles hindering regional trade within Sadc nations, aiming to enhance intra-Africa trade amid recent tensions ...Published: 24 Jun 2024 at 07:03hrs | | by Staff reporter
Bulawayo calls for information that attracts investors
Permanent Ngoma, director of the Bulawayo Progressive Residents Association, emphasized the importance of public entities sharing information to attract investors to Zimbabwe. ...Published: 24 Jun 2024 at 06:53hrs | | by Staff reporter
Manhize steel plant to create 150 000 jobs within 10 years
The Dinson Iron and Steel Company (Disco) in Manhize aims to create 25,000 direct jobs and 150,000 opportunities in related industries within the next five to ten years. Currently employing nearly 2,0...Published: 23 Jun 2024 at 08:49hrs | 1 | by Staff reporter
Mnangagwa in South Africa to witness 'the return of apartheid'?
President Mnangagwa has arrived in South Africa for the inauguration of his South African counterpart, President Cyril Ramaphosa.South Africa's African National Congress and the Democratic All...Published: 19 Jun 2024 at 08:59hrs | 1 | by Staff reporter
Matebeleland South leadership targets diaspora investors
The Zimbabwean government is gearing up for the Diaspora Investment Conference scheduled for July 4 to 6 in Beitbridge, with a focus on encouraging Zimbabweans abroad to invest in Matebeleland South p...Published: 19 Jun 2024 at 07:38hrs | | by Staff reporter
Fidelity Gold Refinery gold supply zero-rating policy shows promise
The zero-rating of gold deliveries to Fidelity Gold Refinery (FGR) has started bearing fruits as the local currency, the Zimbabwe Gold (ZiG) continues to strengthen while gold miners have been allevia...Published: 18 Jun 2024 at 17:17hrs | 9 | by Tonderai Ndoro
White-led DA party seal South Africa unity pact with ANC
The African National Congress and its largest rival, the white-led, pro-business Democratic Alliance, agreed on Friday to work together in South Africa's new government of national unity, a step chang...Published: 15 Jun 2024 at 13:32hrs | | by Staff reporter
Mthuli Ncube courts UK investors
Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube emphasized the importance of addressing food loss and waste to enhance food and nutrition security, particularly in light ...Published: 15 Jun 2024 at 12:12hrs | | by Staff reporter
Zimbabwe rated Africa's most expensive economy
Zimbabwe was recently identified as Africa's most expensive country according to a comprehensive study by the African Development Bank (AfDB). The study assessed power purchasing parities (PPPs) and e...Published: 15 Jun 2024 at 11:13hrs | 10 | by Staff reporter
Stability of Zimbabwe's currency prompts scrapping of stock market rule
The stability of Zimbabwe's new currency, the ZiG, has prompted authorities to scrap a rule in place since 2022 that requires investors on its main bourse to hold onto stocks for a period of 180 days ...Published: 14 Jun 2024 at 15:19hrs | | by Staff reporter
'Be proud of being Zimbabwean'
President Mnangagwa, speaking at the 10th CEO Africa Roundtable conference in Victoria Falls, urged Zimbabweans to be proud of their country's progress despite 24 years of illegal sanctions. He highli...Published: 14 Jun 2024 at 07:08hrs | | by Staff reporter
Mthuli Ncube urges Zimbabweans in the UK to invest back home
Finance and Investment Promotion Minister Mthuli Ncube addressed the Zimbabwe Investment and Capital Markets Conference in London, urging Zimbabweans in the UK to consider investing back home due to f...Published: 13 Jun 2024 at 07:05hrs | | by Staff reporter
Lupane Gas Project to start in third quarter of 2024
The Lupane Gas Project in Matabeleland North is set to start during the third quarter of this year, the consultant of the project has said.CEWALE Discovery Investment Environmental Consultant ...Published: 10 Jun 2024 at 14:29hrs | 1 | by Staff reporter
Charting the optimal path for Zimbabwe's development REITs
This discourse delves into three principal governance models: the trustee-fund manager model, the board of directors approach, and the trustee-advisory board model.In the intricate landscape o...Published: 09 Jun 2024 at 09:13hrs | | by Bekithemba Mpofu
Launch of the Association of Mining Journalists in Zimbabwe (AMJZ)
In a significant development for the media and mining industries, the Association of Mining Journalists in Zimbabwe (AMJZ) has officially been established. This landmark initiative, spearheaded by est...Published: 07 Jun 2024 at 23:24hrs | 9 | by Mandla Ndlovu
NRZ aims to move 2.7 million tonnes
The National Railways of Zimbabwe (NRZ) aims to move 2.7 million tonnes of freight this year, a 17 percent increase from last year. However, this figure is still significantly lower than in previous y...Published: 07 Jun 2024 at 07:25hrs | | by Staff reporter
The Engagement and Reengagement policy continues to yield fruits
The Second Republic, led by President E.D. Mnangagwa, continues to build momentum with its engagement and re-engagement policy. Yesterday, President Mnangagwa met with his counterpart, Preside...Published: 04 Jun 2024 at 08:18hrs | | by Tonderai Ndoro
Zuma gets revenge by humbling Ramaphosa's ANC
In a turbulent political journey spanning over six decades, Jacob Zuma has weathered charges of rape and contempt, facing dismissal from both the positions of deputy president and president of South A...Published: 03 Jun 2024 at 09:57hrs | | by Staff reporter
Zimbabwe demands major reductions on $19.2bn debt
Zimbabwe has asked its creditors for significant debt reductions on its $19.2 billion internal and external debt, Bloomberg reported on May 30, citing Finance Minister Mthuli Ncube."We will be...Published: 03 Jun 2024 at 09:07hrs | | by Staff reporter
Nigerian billionaire Zimbabwe deals falter amid capital problems
WITH the help of Zimbabwean authorities who supported him amass platinum, gold, lithium, iron ore, tin and some rare earth mineral concessions, it first appeared like he was going far.At some poin...Published: 28 May 2024 at 12:46hrs | | by Staff reporter
Zimbabwe ex-diplomat in fraud storm
Shamiso Fred, a former honorary diplomat to the United Arab Emirates (UAE), faces legal action for allegedly defrauding Zimbabweans living abroad in what is suspected to be a Ponzi scheme.Arou...Published: 22 May 2024 at 09:59hrs | | by Staff reporter
Zimbabwe shut out of poorly attended US-Africa summit
ZIMBABWE was conspicuous by its absence at the recently held US-Africa Business Summit held in Houston, Texas, in stark contrast to last year's edition held in Botswana attended by President Emmerson ...Published: 21 May 2024 at 16:25hrs | 4 | by Staff reporter
Rejuvenating the Real Estate Market in Matabeleland, Zimbabwe: Strategies for Development and Competitiveness
Chief Real Estate Officer, Integrated Properties Zimbabwe, a nation with a storied history and a vibrant yet tumultuous economy, faces multifaceted chal...Published: 19 May 2024 at 20:58hrs | | by Dr Bekithemba Mpofu
The journey of real estate investment trusts in Zimbabwe
In the dynamic and ever-evolving landscape of Zimbabwe's financial markets, real estate investment trusts (REITs) stand as formidable instruments for both capital growth and market participation....Published: 19 May 2024 at 15:39hrs | 2 | by Dr Bekithemba Mpofu
Bulawayo attracts US$135m investment
BULAWAYO has to date attracted investment worth US$135 million in the manufacturing sector, which has seen the creation of more than 33 000 direct jobs, with the Government revealing that the city is ...Published: 19 May 2024 at 10:49hrs | | by Staff reporter
Zimbabwe's Ralph Mupita scoops top regional business award
Ralph Mupita, the Zimbabwean-born President and CEO of MTN Group, has been honored as CEO of the Year at the 2024 Africa CEO Forum.The prestigious award was presented to Mupita this week durin...Published: 19 May 2024 at 10:27hrs | | by Staff reporter
Zimbabwe's very own Emperor Nero is burning down povo's hovels to build palatial villas for filthy rich few
"The closer the collapse of the empire, the crazier its laws" Marcus Tullius Cicero. Well we in Zimbabwe are witness this first hand. Zanu PF introduced the new local currency insisting ...Published: 18 May 2024 at 20:47hrs | | by Wilbert Mukori
Remittances and FDI: Harmonizing Zimbabwe's economic strategies for sustainable growth
Zimbabwe's economy stands at a critical juncture, grappling with deep-seated challenges such as systemic unemployment, volatile currency fluctuations, and an uncertain business climate. Within this pr...Published: 18 May 2024 at 15:27hrs | 2 | by Dr Bekithemba Mpofu
Zimbabwe invited to China's premier global gold showcase
Mines Minister Winston Chitando, representing the Government of Zimbabwe, has been extended an invitation to attend this year's World Gold Council's China Gold Congress, a premier gathering in the glo...Published: 18 May 2024 at 11:07hrs | | by Staff reporter
Mnangagwa says Zimbabweans must not be shy to make money
Zimbabweans should not hesitate to make money, as the government has created a conducive environment for economic success, President Emmerson Mnangagwa stated.Speaking at the commissioning of ...Published: 18 May 2024 at 10:59hrs | 2 | by Staff reporter
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