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Dairibord to start toll production in SA
Dairibord Holdings is set to expand its operations in the region to drive export growth, with South Africa as the immediate destination for a planned toll manufacturing project. The initiative is expe...Published: 02 Apr 2025 at 08:48hrs | 116 | by Staff reporter
Zimbabwe at crossroads: Is it Mnangagwa, Chiwenga, Geza or Chamisa?
1. IntroductionZimbabwe is at the crossroads, again. The country is again being discussed in newsrooms, churches, embassies, business chambers, beerhalls, and social ...Published: 31 Mar 2025 at 10:38hrs | 2211 | by Eddie Mahembe, PhD
Zimbabwe lines up seven sponsors to clear arrears
Zimbabwe is actively negotiating with seven potential sponsors, including individual countries, multilateral financial institutions, and private financiers, to secure the necessary funding, guarantees...Published: 23 Mar 2025 at 08:13hrs | 989 | by Staff reporter
Zapu bemoans Zimbabwe's ailing health sector
The recent death of uGogo Rose Nyathi, "a Bulawayo celebrity, human rights activist, and informal comedian", who was laid to rest at Lady Stanley Cemetery highlighted some of the anomalies in our heal...Published: 16 Mar 2025 at 13:06hrs | 414 | by Dr Themba Bulle, ZAPU Deputy Secretary for Health and Welfare
Mnangagwa expected to launch the Presidential Solarisation Programme
President Emmerson Mnangagwa is set to launch the Presidential Solar Programme, which aims to provide solar power to 200,000 households in villages across Zimbabwe's eight rural provinces. The initiat...Published: 11 Mar 2025 at 16:08hrs | 360 | by Staff reporter
MTN earnings to plummet
MTN Group has issued a trading statement to shareholders, warning of a substantial decline in earnings for the year ending 31 December 2024. The telecommunications giant expects to report a more than ...Published: 27 Feb 2025 at 12:19hrs | 404 | by Staff reporter
Zimbabwe could clear arrears with bold reforms
Zimbabwe could clear its arrears and rework $21 billion in debt that's kept it locked out of international capital markets for more than a quarter of a century if it implements fiscal reforms, the Wor...Published: 27 Feb 2025 at 11:05hrs | 356 | by Staff reporter
Zimbabwe among Africa's fastest-growing economies in 2025
Zimbabwe is expected to be one of Africa's fastest-growing economies this year, with the African Development Bank (AfDB) forecasting a 5.3 percent growth rate.This strong projection is slightl...Published: 26 Feb 2025 at 07:42hrs | 375 | by Staff reporter
Avocado exports spur Tanganda revenue
Listed tea producer, packer, and distributor, Tanganda Tea Company (TTC), reported a revenue increase to US$25.7 million for the financial year ended September 30, 2024, primarily driven by strong avo...Published: 25 Feb 2025 at 07:05hrs | 543 | by Staff reporter
OK Zimbabwe begins restocking after weeks of empty shelves
Troubled retailer OK Zimbabwe has announced that it has started restocking its outlets following weeks of empty shelves and temporary closures due to macroeconomic challenges, particularly exchange ra...Published: 17 Feb 2025 at 12:37hrs | 1672 | by Staff reporter
Zimbabwe's debt unsustainably high
The International Monetary Fund (IMF) has warned that Zimbabwe's debt and external arrears remain unsustainably high, forcing the country to rely on its own resources to fund economic activities....Published: 16 Feb 2025 at 07:42hrs | 406 | by Staff reporter
CCC, Zanu-PF MPs pass Mthuli Ncube's budget
The 2025 National Budget, designed to drive economic growth, enhance social protection, and build resilience, was passed by Parliament last Thursday after intensive debate that stretched into the earl...Published: 23 Dec 2024 at 05:41hrs | 278 | by Staff reporter
Why Zimbabwe's push for youth entrepreneurship is misguided
The Zimbabwean government's recurring call for recent college graduates to become entrepreneurs instead of seeking employment is a glaring abdication of responsibility. In a country where mill...Published: 23 Dec 2024 at 00:57hrs | 159 | by Tendai Ruben Mbofana
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 | 2157 | by Staff reporter
Biti criticizes Zimbabwe's economic policies
Former finance minister Tendai Biti has strongly criticized the economic policies under the current administration, describing them as "fictitious" and blaming them for Zimbabwe's ongoing de-industria...Published: 14 Dec 2024 at 12:34hrs | 513 | 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 | 294 | by Staff reporter
Mupita's contract extended by MTN Group
MTN has announced an extension of Group CEO Ralph Mupita's contract until 31 August 2030. It was originally set to run until 30 September 2025.The company says the MTN Group board of directors...Published: 30 Nov 2024 at 15:13hrs | 514 | by Staff reporter
ZiG monthly inflation seen staying below 3%
Zimbabwe's gold-backed currency (ZiG) is expected to maintain stable inflation levels, with average month-on-month inflation forecast to remain below 3% in 2025. This projection is underpinned by stri...Published: 29 Nov 2024 at 06:53hrs | 78 | by Staff reporter
Zimbabwe Parliament resumes sitting
Parliament resumed sitting on Tuesday after a week-long break, which was taken to accommodate the Sadc Extraordinary Summit of Heads of State and Government hosted at the new Parliament Building in Mt...Published: 26 Nov 2024 at 17:48hrs | 93 | by Staff reporter
South Africa's big business wants spaza shop economy?
Major businesses across South Africa are looking to capitalise on the country's booming informal economy, with many companies licking their lips at an opportunity worth hundreds of billions of rands....Published: 22 Nov 2024 at 10:04hrs | 601 | by Staff reporter
Zimbabwe govt posts ZiG3,4bn budget deficit
GOVERNMENT has reported a ZiG3,4 billion budget deficit for the first nine months of the year owing to inflationary pressures and growing expenditure.Finance, Economic Development and Investme...Published: 07 Nov 2024 at 07:13hrs | 269 | by Staff reporter
IMF upgrades Russia to world's fourth-largest economy
The International Monetary Fund (IMF) has ranked Russia as the world's fourth-largest economy based on purchasing power parity (PPP). PPP compares economic produc...Published: 24 Oct 2024 at 16:21hrs | 6328 | by Staff reporter
Zimbabwe's Education-Economy Nexus
Zimbabwe's Education-Economy Nexus: Evaluating the Impact of Education on Graduate Employment and Economic GrowthIntroductionZimbabwe's educatio...Published: 23 Oct 2024 at 20:19hrs | 162 | by Isaac Nkomah
Mthuli Ncube's Ministry fails to provide Zimbabwe's basic economic data
Officials from Zimbabwe's Ministry of Finance faced sharp criticism on Monday during a Parliamentary Portfolio Committee on Budget and Finance meeting after arriving unprepared for the 2025 budget con...Published: 23 Oct 2024 at 15:58hrs | 267 | by Staff reporter
Potraz approves tariff increase for Zimbabwe telecoms sector
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has approved a tariff adjustment for local telecommunications companies in response to the recent devaluation of the Zimbabw...Published: 21 Oct 2024 at 14:01hrs | 1754 | by Staff reporter
RBZ blames speculative behaviour for ZiG's woes
The Reserve Bank of Zimbabwe (RBZ) has attributed the recent collapse of the newly introduced Zimbabwe Gold (ZiG) currency to rampant rent-seeking behavior and speculative activities within the parall...Published: 20 Oct 2024 at 14:12hrs | 238 | by Staff reporter
Zimbabwe's resilience: A nation's ability to overcome economic challenges, from sanctions to currency instability
For over two decades, Zimbabwe has been a nation under siege. Economic sanctions, imposed primarily by the United States and its Western allies, have crippled the country's economy, creating one of th...Published: 18 Oct 2024 at 11:56hrs | 167 | by Michael Badze
Tafadzwa Bandama appointed new Director-General of Zimstat
Local economist Tafadzwa Bandama has been appointed the new Director-General of the Zimbabwe National Statistics Agency (Zimstat), the country's primary statistics agency. This appointment follows the...Published: 18 Oct 2024 at 10:34hrs | 360 | by Staff reporter
Over 400 ex-settlers to get compensation
In a significant development for former farm owners, over 400 individuals have been cleared for compensation under the Global Compensation Deed, aimed at addressing losses incurred during Zimbabwe's f...Published: 17 Oct 2024 at 08:59hrs | 194 | by Staff reporter
Potraz raises red flag over impact of power cuts on telcos
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has expressed serious concerns regarding the ongoing power outages that threaten to disrupt the country's telecommunications...Published: 17 Oct 2024 at 08:58hrs | 87 | by Staff reporter
Zimbabwe scores milestones on arrears clearance process
The Government of Zimbabwe has received commendations for significant progress in the implementation of reforms under the Arrears Clearance and Debt Resolution process, a vital step towards transformi...Published: 17 Oct 2024 at 08:57hrs | 189 | by Staff reporter
Zanu-PF invites Diaspora delegates for annual conference
The ruling Zanu-PF party has extended invitations to 20 delegates from its Diaspora districts to attend the upcoming National Annual People's Conference, scheduled to take place in Bulawayo later this...Published: 04 Oct 2024 at 08:21hrs | 309 | by Staff reporter
Mnangagwa frets over resurgent black market
In his State of the Nation Address (SONA) delivered during the official opening of the second session of the 10th Parliament in Mt Hampden, President Emmerson Mnangagwa expressed deep concern over the...Published: 03 Oct 2024 at 08:58hrs | 613 | by Staff reporter
Mnangagwa warns forex dealers
In a bold move to stabilize the beleaguered Zimbabwe Gold (ZWG) currency, President Emmerson Mnangagwa announced on Wednesday that 50% of mining royalties will be allocated to bolster the currency's r...Published: 03 Oct 2024 at 08:58hrs | 1081 | by Staff reporter
Mnangagwa to outline legislative agenda
President Emmerson Mnangagwa today officially opened the Second Session of the 10th Parliament, outlining the legislative agenda while delivering his State of the Nation Address to a joint sitting of ...Published: 02 Oct 2024 at 07:48hrs | 60 | by Staff reporter
RBZ raises bank policy rate to 35%
The Reserve Bank of Zimbabwe (RBZ) has announced significant measures to tackle resurgent exchange rate volatility and mitigate inflationary pressures. Effective immediately, the bank policy rate has ...Published: 27 Sep 2024 at 15:29hrs | 1319 | by Staff reporter
Zimra goes after businesses rejecting ZiG
The Zimbabwe Revenue Authority (ZIMRA) has launched a sweeping operation targeting businesses that are evading taxes and undermining the Zimbabwean currency (ZiG or ZWG) by rejecting the local currenc...Published: 27 Sep 2024 at 12:29hrs | 1396 | by Staff reporter
Is the Buy Zimbabwe campaign a flop?
The Buy Zimbabwe Campaign, launched over a decade ago, was designed to promote locally manufactured goods and services, reduce the trade deficit, and bolster economic growth. While the campaign's obje...Published: 20 Sep 2024 at 11:48hrs | 375 | by Staff reporter
World Bank says Zimbabwe needs economic stability to advance debt talks
Zimbabwe needs an uninterrupted period of macroeconomic stability of at least 12 months to help advance debt talks with international creditors over $21 billion it owes, the World Bank said.Ha...Published: 17 Sep 2024 at 06:52hrs | 408 | by Staff reporter
Chiwenga says Zimbabwe's monetary policy is in line with SADC integration
Zimbabwe's advancements in the gold sector, including the adoption of a floating exchange rate framework, align closely with the Southern African Development Community's (SADC) goal of achieving regio...Published: 14 Sep 2024 at 16:13hrs | 909 | by Staff reporter
Chiwenga backs ZiG
Zimbabwe's monetary policy framework, coupled with the introduction of a stable currency, the Zimbabwe Gold (ZiG), has fostered transactional simplicity, certainty and predictability in the country's ...Published: 13 Sep 2024 at 13:10hrs | 2085 | by Staff reporter
A city at risk of collapsing: The cost of the search for gold in Zimbabwe
DOROTHY Moyo says a prayer every time she walks, runs, or drives around her neighbourhood in central Zimbabwe - afraid that the earth will give away from beneath her feet, dragging her underground....Published: 07 Sep 2024 at 10:21hrs | 1883 | by Staff reporter
Local Bank proposes US$35bn loan to Zimbabwe Government
Time Bank of Zimbabwe has proposed a US$35 billion syndicated loan to the government to address compensation obligations for various groups, including previous farm owners and foreign lenders, as part...Published: 27 Aug 2024 at 12:42hrs | 3111 | by Staff reporter
Mthuli Ncube makes bold measures to anchor ZiG stability
The Government has introduced measures to enhance the stability of the Zimbabwe Gold (ZiG) currency, promote its use, and provide tax relief to boost consumer spending and production. In the Mid-Term ...Published: 26 Jul 2024 at 06:32hrs | 366 | by Staff reporter
ZiG acceptance grows across Zimbabwe economy
The Reserve Bank of Zimbabwe (RBZ) has observed a growing acceptance of the local currency, ZiG, by both businesses and individuals, which aligns with the central bank's efforts to stabilize the econo...Published: 24 Jul 2024 at 08:54hrs | 2081 | by Staff reporter
Reserves backing Zimbabwe's ZiG shoot to US$370 million
Prices of goods and services in Zimbabwe are expected to remain stable, thanks to increased cash and mineral reserves backing the new currency, Zimbabwe Gold (ZiG). These reserves have risen from US$2...Published: 07 Jul 2024 at 10:34hrs | 82 | by Staff reporter
The death of coalitions
To drag out or not to drag Biden!What a disaster for the Democrats in United States elections!With little foresight or care, Democrats pitted a dead-man-come-to-life by the name of Joe...Published: 30 Jun 2024 at 18:16hrs | 3 | by @Jamwanda2 on Saturday
Zimbabwe's ZiG ended bout of instability, says IMF
The International Monetary Fund says the introduction of a bullion-backed currency by Zimbabwe has helped to end the instability that had plagued the economy."The ZiG official exchange rate ha...Published: 28 Jun 2024 at 15:31hrs | 9 | by Staff reporter
IMF says Zimbabwe's economy continues to show resilience
In light of new policy developments, an International Monetary Fund (IMF) staff team led by Mr. Wojciech Maliszewski conducted a second mission to Harare during June 18-27, 2024, to conclude the 2024 ...Published: 28 Jun 2024 at 13:01hrs | 5 | by Staff reporter
Competition for Zimbabwe's internet, data providers tightens
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) reported a significant influx of licence applications during the first quarter of the year under the converged licensing reg...Published: 16 Jun 2024 at 09:21hrs | 7 | by Staff reporter
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