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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: 9 hrs ago | 1227 | 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: 12 hrs ago | 844 | 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 | 797 | by Innocent Mujeri
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 | 1956 | 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 | 193 | 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 | 1251 | 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 | 1019 | 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 | 294 | 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 | 207 | 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 | 89 | 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 | 192 | 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 | 818 | 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
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 | 2204 | 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 | 1179 | 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 | 11672 | 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 | 175 | 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 | 3179 | 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 | 492 | 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 | 148 | 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 | 332 | 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 | 2004 | 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 | 169 | 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
Zimbabwe targets 2,100MW renewable energy by 2030
The Zimbabwean government has reaffirmed its commitment to advancing renewable energy solutions, aiming to achieve 1,100 megawatts (MW) from renewable energy sources by 2025 and 2,100 MW by 2030. Thes...Published: 11 Nov 2024 at 07:03hrs | 255 | by Staff reporter
Zimbabwe eyes deeper ties with China through belt and road initiative
Zimbabwe looks forward to deepening its partnership with China under the Belt and Road Initiative (BRI), anticipating extensive collaboration in economic development, said Midlands Minister of State f...Published: 09 Nov 2024 at 17:02hrs | 191 | by Staff reporter
Victoria Falls to get two new upmarket hotels
Zimbabwe's premier tourist destination, Victoria Falls, is set to see the construction of two luxury hotels, valued at a combined US$114.3 million, which will significantly boost the city's hospitalit...Published: 08 Nov 2024 at 06:49hrs | 227 | by Staff reporter
Nakamba fit for Warriors
Zimbabwean captain Marvelous Nakamba has declared himself fit and ready for national duty, despite a brief appearance as a late substitute in Luton Town's 1-0 win over Cardiff City in the English Cham...Published: 08 Nov 2024 at 06:49hrs | 114 | by Staff reporter
Botswana to legalise undocumented Zimbabweans
Botswana’s new president has told the BBC that he wants undocumented Zimbabweans to be legalised by granting them temporary work and residence permits."They do jobs that would otherwise not ...Published: 08 Nov 2024 at 05:49hrs | 10690 | by Staff reporter
Zera blitz nets 300 smuggled LPG cylinders
THE Zimbabwe Energy Regulatory Authority (Zera) has seized 300 smuggled liquefied petroleum gas (LPG) cylinders from South Africa and Botswana for failure to conform to set local standards.The...Published: 07 Nov 2024 at 07:04hrs | 1048 | by Staff reporter
Zimbabwe diplomats to sign performance contracts
PRESIDENT Mnangagwa has rallied Zimbabwe's diplomats worldwide to attract investments, boost tourism, and enhance trade opportunities.To this end, all the country's diplomats will in fut...Published: 07 Nov 2024 at 07:02hrs | 191 | by Staff reporter
Diasporans to host homecoming business summit
Zimbabwean businesspeople based abroad will converge in Harare next month for the much-anticipated Zimbabwe Diaspora Homecoming and Celebration Business Summit. The event, set for December 20, will be...Published: 06 Nov 2024 at 07:03hrs | 184 | by Staff reporter
11 Chinese investors eye Bulawayo for multi-billion dollar projects
Bulawayo is poised for a significant boost in its re-industrialisation initiatives as 11 prominent Chinese companies have expressed interest in investing in the city. These firms, which span sectors s...Published: 03 Nov 2024 at 10:14hrs | 1575 | by Staff reporter
Zanu-PF wants govt to enforce 'use it or lose it policy' in mining
ZANU-PF has instructed the government to amend legislation on exclusive prospecting orders (EPOs) and enforce the "use it or lose it" policy to prevent mining companies and individuals from holding cl...Published: 02 Nov 2024 at 08:35hrs | 197 | by Staff reporter
Zanu-PF pushes for accelerated de-dolarisation
The ruling Zanu-PF party has resolved to accelerate Zimbabwe's de-dollarisation process and strengthen the Zimbabwe Gold Currency (ZiG) as the country's sole legal tender. This decision was among key ...Published: 29 Oct 2024 at 13:50hrs | 3994 | by Staff reporter
Devaluation fails to halt ZiG free-fall
Zimbabwe's new local currency, the Zimbabwe Gold (ZiG), has taken another hit, losing an additional 11% of its value in under a month following a substantial 43% "devaluation" announced by monetary au...Published: 29 Oct 2024 at 13:49hrs | 4504 | by Staff reporter
US Ambassador agrees that Zimbabwe was under sanctions
In a recently published op-ed, US Ambassador to Zimbabwe, Pamela M. Tremont, provided clarity on the sanctions imposed on Zimbabwe, emphasizing the limited scope and specific targets of these measures...Published: 25 Oct 2024 at 12:54hrs | 603 | by Ambassador Pamela M. Tremont
Zimbabwe targets 7 sectors for import substitution
In a bid to reduce reliance on imports and boost local industry, Zimbabwe has identified seven key sectors for import substitution.The country's short-term manufacturing blueprint, the Zimbabw...Published: 24 Oct 2024 at 12:51hrs | 737 | by Staff reporter
Jamboo joins Crowdcube in groundbreaking fundraising campaign
Fintech company Jamboo has embarked on an exciting new chapter, launching its fundraising campaign on Crowdcube, the UK's largest crowdfunding platform. Jamboo, co-founded by Zimbabwean entrep...Published: 23 Oct 2024 at 20:23hrs | 285 | by Agencies
Zimbabwe attracts US$1.2 billion in investments in Q3 of 2024
Zimbabwe attracted investments worth US$1.2 billion during the third quarter of 2024, with 168 new licences issued to investors by the Zimbabwe Investment and Development Agency (ZIDA), according to a...Published: 23 Oct 2024 at 07:45hrs | 120 | by Staff reporter
US investment in Zimbabwe's mining stall, Chinese investment booming
Zimbabwe's mining sector, despite being rich in natural resources, is facing challenges in attracting substantial investment from U.S. companies. Experts attribute this to policy inconsistency and cur...Published: 22 Oct 2024 at 17:16hrs | 1802 | by Staff reporter
The sanctions lie: How Zimbabwe's ruling elite is misleading the nation
As Zimbabwe moves towards the so-called "SADC Anti-Sanctions Day" on the 25th of October, the need arises again to unpack the shameful lies spread by the ruling establishment about these measures....Published: 20 Oct 2024 at 16:57hrs | 531 | by Tendai Ruben Mbofana
Zimbabwe army faces scrutiny over unlawful gold mining operations
Rusununguko/Nkululeko Holdings (Pvt) Ltd, a company owned by the Zimbabwe Defence Forces (ZDF), is allegedly conducting an unauthorized alluvial gold mining operation in Allied Timbers' Tarka Forest, ...Published: 20 Oct 2024 at 12:23hrs | 424 | by Staff reporter
BCC considers introduction of Tradable Municipal Bonds
The City of Bulawayo is exploring new ways to finance its critical infrastructure projects through a joint proposal from Financial Services Exchange (Private) Limited and Nedbank. The proposal aims to...Published: 20 Oct 2024 at 12:16hrs | 117 | by Staff reporter
French investors eye Zimbabwe rail project what is the risk of sanctions
A high-profile delegation from 20 leading French companies, led by France's Ambassador to Zimbabwe, Paul-Bertrand Barets, met President Emmerson Mnangagwa at State House in Harare yesterday, reaffirmi...Published: 20 Oct 2024 at 12:15hrs | 344 | by Staff reporter
Mnangagwa caps 2,394 graduands in Bindura
President Emmerson Mnangagwa, Chancellor of all state universities, presided over Bindura University of Science Education's (BUSE) 23rd graduation ceremony yesterday, capping a total of 2,394 graduate...Published: 19 Oct 2024 at 12:05hrs | 88 | by Staff reporter
Selling fuel in Zimbabwe's local currency will stabilising the ZiG
In a pivotal announcement, Zimbabwe's Finance Minister Mthuli Ncube declared that all taxes and fees should now be paid in the Zimbabwe Gold (ZiG) currency. This move is part of a broader strategy to ...Published: 17 Oct 2024 at 16:44hrs | 3253 | by Engineer Jacob Kudzayi Mutisi
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