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RBZ's to unlock over US$1 billion in remittances
In a bold move to revive Zimbabwe's struggling economy, the Reserve Bank of Zimbabwe (RBZ) has announced a plan to securitize diaspora remittances, aiming to transform predictable inflows into investa...Published: 17 hrs ago | 247 | by Staff reporter
Bulawayo industrial decay raises alarm
Once a proud hub of Zimbabwe's industrial might, Bulawayo now stands as a hollow shell of its former self. The city's industrial parks, once teeming with workers and humming with production, are large...Published: 10 Aug 2025 at 10:13hrs | 201 | by Staff reporter
UK resets ties with Zimbabwe in push for critical minerals
Zimbabwe and the UK are rekindling diplomatic ties after almost three decades of tension, driven by a global surge in demand for critical minerals that's led the former colonial power to pursue $1 bil...Published: 08 Aug 2025 at 08:58hrs | 797 | by Staff reporter
Zimbabwe banking sector profits drop
Zimbabwe's banking sector has reported a steep drop in earnings for the first half of 2025, with aggregate profits plunging to ZiG5,0 billion (US$184,07 million) from ZiG10,4 billion (US$760,37 millio...Published: 08 Aug 2025 at 08:30hrs | 134 | by Staff reporter
Zimbabwe's tobacco marketing season ends
The 2025 tobacco marketing season officially came to a close yesterday, marking a historic milestone for Zimbabwe's agricultural sector as the country posted record-breaking output and earnings. While...Published: 07 Aug 2025 at 17:12hrs | 140 | by Staff reporter
Hwange Colliery sinks US$3,5m in new Equipment
Hwange Colliery Company Limited (HCCL) has injected over US$3.5 million into the acquisition of new equipment as part of its ongoing modernisation and turnaround strategy aimed at boosting Zimbabwe's ...Published: 07 Aug 2025 at 09:41hrs | 161 | by Staff reporter
Court reinstates ex-Lobels bread foreman
The Labour Court has ordered the reinstatement of Christopher Rufaro Mashaire, a former Electrical Foreman at Lobels Bread, with full salary, benefits, and back pay after ruling that his 2021 dismissa...Published: 07 Aug 2025 at 09:16hrs | 433 | by Staff reporter
Zimbabwe, Rwanda strengthen ties
The third session of the Zimbabwe-Rwanda Joint Permanent Commission on Cooperation (JPCC) concluded yesterday in Kigali with the signing of five Memoranda of Understanding (MoUs), marking a new chapte...Published: 07 Aug 2025 at 09:04hrs | 67 | by Staff reporter
FBC sees cautious recovery in Zimbabwe
Financial services firm FBC Securities says Zimbabwe's 2025 Mid-Year Budget and Economic Review points to a cautiously optimistic recovery trajectory, although tight fiscal and monetary conditions cou...Published: 05 Aug 2025 at 14:38hrs | 231 | by Staff reporter
Zimbabwe retailers bank on 6% economic growth
The Confederation of Zimbabwe Retailers (CZR) says it expects consumer spending to rise this year, buoyed by the government's projected 6% economic growth, despite continued pressure on household inco...Published: 05 Aug 2025 at 08:53hrs | 57 | by Staff reporter
Zimbabwe tobacco farmers demand indigenous tobacco policy
The government has been urged to develop an indigenous tobacco policy aimed at promoting production and supporting farmers who form the backbone of Zimbabwe's golden leaf sector.Speaking at a ...Published: 05 Aug 2025 at 08:41hrs | 98 | by Staff reporter
Zimbabwe's manufacturing growth target missed
The Zimbabwe National Industrial Development Policy (ZNIDP) 1, aimed at growing the manufacturing sector by at least 2% annually, has failed to meet its target due to ongoing macroeconomic instability...Published: 04 Aug 2025 at 08:53hrs | 109 | by Staff reporter
Media smearing Russia's Alabuga programme
The Russian Embassy in Zimbabwe has come to the defence of the Alabuga Start Programme, a work-study initiative accused by Western media of being a front to recruit young women from Africa, including ...Published: 04 Aug 2025 at 08:31hrs | 146 | by Staff reporter
Mbare is NOW the Heart Beat of Zimbabwe's Economy
In a country beset by economic challenges and political uncertainties, it is often in the most unexpected corners that we find resilience, innovation and growth. Mbare, a densely populated township in...Published: 03 Aug 2025 at 23:42hrs | 450 | by Engineer Jacob Kudzayi Mutisi
Hwange units 7 and 8 power Zimbabwe's energy stability
Zimbabwe's energy security has received a major boost from Hwange Thermal Power Station's Units 7 and 8, which have emerged as vital contributors to the national grid, powering key economic sectors in...Published: 03 Aug 2025 at 19:16hrs | 327 | by Staff reporter
Zimbabwe raises US$25.4 million from sugar tax
Zimbabwe has raised ZiG685.8 million, equivalent to approximately US$25.4 million, from the sugar content tax between January and May 2025, with the funds earmarked for the procurement of critical can...Published: 03 Aug 2025 at 18:56hrs | 180 | by Staff reporter
Economists slam Mthuli Ncube's budget
Economists have sharply criticised Finance Minister Mthuli Ncube's 2025 mid-term budget and economic review, accusing the government of failing to deliver the structural reforms needed to address Zimb...Published: 03 Aug 2025 at 09:59hrs | 251 | by Staff reporter
Bulawayo leads Zimbabwe in business formalisation
Bulawayo has emerged as Zimbabwe's top-performing province in terms of formal business establishments, according to new data from the 2023 Economic Census conducted by the Zimbabwe National Statistics...Published: 03 Aug 2025 at 09:56hrs | 106 | by Staff reporter
Zimbabwe govt sounds alarm over skills mismatch
The Government of Zimbabwe has raised urgent concern over the growing mismatch between the skills produced by the country's education system and the rapidly evolving demands of the labour market, warn...Published: 02 Aug 2025 at 16:22hrs | 365 | by Staff reporter
+120k litres of Zimbabwean milk rejected for export
Zimbabwe's dairy sector is under scrutiny after it was revealed that over 120,000 litres of milk earmarked for export were rejected by mid-year due to contamination, a staggering increase from the 39,...Published: 02 Aug 2025 at 13:18hrs | 534 | by Staff reporter
Mthwakazi condemns police's unconstitutional ban of meeting
The Mthwakazi Republic Party (MRP) has strongly condemned the Zimbabwe Republic Police (ZRP) for cancelling its planned public meeting in the Midlands province, originally scheduled for Saturday, Augu...Published: 02 Aug 2025 at 11:29hrs | 189 | by Staff reporter
Zimbabwe slides into a spaza nation
Zimbabwe's commercial landscape is undergoing a profound transformation - and not for the better. Across major cities, once-thriving formal businesses have either shuttered or drastically downsized, t...Published: 01 Aug 2025 at 13:17hrs | 812 | by Staff reporter
RBZ Chief charts path to monetary stability
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu says the central bank is making steady progress in consolidating price stability, growing foreign reserves, and reinforcing the banking se...Published: 01 Aug 2025 at 13:12hrs | 172 | by Staff reporter
Diaspora remittances into Zimbabwe rise to US$635.2m
Diaspora remittances into Zimbabwe grew by 7.1% in the first half of 2025, reaching US$635.2 million compared to US$593.2 million during the same period last year, according to Finance Minister Mthuli...Published: 01 Aug 2025 at 10:08hrs | 125 | by Staff reporter
Govt backs Bulawayo's Khumbul'Ekhaya Investment drive
The government has thrown its support behind Bulawayo's Khumbul'Ekhaya Investment initiative, a programme designed to attract both local and diaspora investors to help revive the city's struggling eco...Published: 01 Aug 2025 at 09:17hrs | 393 | by Staff reporter
Kariba Dam rehabilitation nears completion
The Zambezi River Authority (ZRA) has successfully completed a critical "test on completion" under the ongoing Kariba Dam Rehabilitation Project (KDRP), marking a major milestone in efforts to secure ...Published: 01 Aug 2025 at 09:05hrs | 138 | by Staff reporter
Zimbabwe's rebasing pushes GDP to US$45,7bn
The government's recent rebasing of Zimbabwe's economy has lifted its gross domestic product (GDP) valuation to US$45,7 billion and gross national income (GNI) per capita above US$3 000 - even as ...Published: 01 Aug 2025 at 08:27hrs | 264 | by Staff reporter
Mnangagwa orders immediate reforms to ease doing business
President Emmerson Mnangagwa has directed the immediate implementation of wide-ranging reforms aimed at easing the cost of doing business in Zimbabwe. The reforms, announced after a Cabinet meeting on...Published: 30 Jul 2025 at 10:06hrs | 429 | by Staff reporter
Bulawayo to host investment conference in Harare
The Bulawayo City Council (BCC) is today hosting the Khumbule' Khaya Investment Conference in Harare as part of efforts to attract investors to Zimbabwe's second-largest city, once known as the countr...Published: 30 Jul 2025 at 09:43hrs | 87 | by Staff reporter
Zimbabwe's GDP declines 1.73%
Zimbabwe's Gross Domestic Product (GDP) contracted by 1.73% to ZWG17.6 billion in the first quarter of 2025, down from ZWG17.9 billion recorded in the fourth quarter of 2024, the Zimbabwe National Sta...Published: 29 Jul 2025 at 09:01hrs | 215 | by Staff reporter
Mohadi tours Dinson steel plant
Vice President Kembo Mohadi has arrived at the Dinson Iron and Steel Company (DISCO) plant in Manhize to assess the ongoing progress in the country's flagship steel manufacturing project.The v...Published: 28 Jul 2025 at 15:04hrs | 574 | by Staff reporter
Mutapa, RBZ push for economic transformation
The Mutapa Investment Fund and the Reserve Bank of Zimbabwe (RBZ) have pledged to play pivotal roles in driving economic transformation and ensuring financial stability as the nation accelerates effor...Published: 28 Jul 2025 at 14:18hrs | 202 | by Staff reporter
Mthuli Ncube promises major cuts within 2 weeks
Finance and Economic Development Minister Professor Mthuli Ncube has pledged sweeping policy reforms within the next two weeks aimed at boosting the viability of small-scale businesses across Zimbabwe...Published: 27 Jul 2025 at 20:59hrs | 1481 | by Staff reporter
RBZ reveals strategy towards shift to mono-currency
Zimbabwe's central bank is stepping up efforts to build up foreign currency reserves in preparation for a planned transition to a mono-currency regime by 2030, Reserve Bank of Zimbabwe (RBZ) Governor ...Published: 25 Jul 2025 at 18:01hrs | 787 | by Staff reporter
Former beerhall converted into illegal settlement
A former beer garden in Burombo suburb has been illegally transformed into a residential and industrial site, sparking alarm among local leaders and residents who warn of an impending public health cr...Published: 25 Jul 2025 at 17:56hrs | 540 | by Staff reporter
ZIDA records surge in investment licences
The Zimbabwe Investment and Development Agency (ZIDA) has reported a record-breaking increase in new investment licences in 2024, reflecting what officials describe as growing investor confidence in t...Published: 25 Jul 2025 at 09:42hrs | 78 | by Staff reporter
Zimbabwe's formal economy tanks
Zimbabwe's economy has become overwhelmingly informal, with the latest figures from the Zimbabwe National Statistics Agency (ZimStat) revealing that 76% of business operations in the country are now i...Published: 24 Jul 2025 at 16:09hrs | 588 | by Staff reporter
ZimStat confirms dominance of Zimbabwe's huge informal sector
The Zimbabwean economy is overwhelmingly dominated by informal micro-businesses, according to a preliminary report of the 2023 Economic Census released yesterday by the Zimbabwe National Statistics Ag...Published: 24 Jul 2025 at 09:32hrs | 132 | by Staff reporter
Buy Zimbabwe warns against unauthorised use of its insignia
Buy Zimbabwe, the prominent organisation championing the production, preference, and consumption of locally made goods, has issued a stern warning against the unauthorized use of its legally protected...Published: 24 Jul 2025 at 09:29hrs | 227 | by Staff reporter
Fastjet links Bulawayo to Victoria Falls
Fastjet Zimbabwe has announced the introduction of a new domestic route between Bulawayo and Victoria Falls, with flights scheduled to commence on Friday, 08 August 2025.The award-winning airl...Published: 23 Jul 2025 at 17:09hrs | 774 | by Staff reporter
Zimbabwe govt petitioned over rights abuses in Magunje
The Centre for Natural Resource Governance (CNRG) has petitioned the government, demanding an urgent investigation and remedial action over alleged mining-related human rights abuses in Magunje, Hurun...Published: 22 Jul 2025 at 09:10hrs | 81 | by Staff reporter
Edgars Zimbabwe customers seek longer payment plans
Clothing retailer Edgars Stores Limited says more of its customers are increasingly requesting longer payment periods of up to nine months to settle their clothing purchases, a clear reflection of the...Published: 21 Jul 2025 at 12:27hrs | 277 | by Staff reporter
Only leadership change can save Zimbabwe's economy
FREEZIM Congress party leader Joseph Makamba Busha has said Zimbabwe's deepening economic woes can only be resolved through a complete change of government leadership, accusing the ruling Zanu-PF part...Published: 19 Jul 2025 at 10:00hrs | 481 | by Staff reporter
Mnangagwa concludes Japan visit
President Emmerson Mnangagwa on Friday concluded a five-day working visit to Japan aimed at deepening diplomatic and economic ties, strengthening Zimbabwe's investment appeal, and positioning the coun...Published: 19 Jul 2025 at 09:10hrs | 215 | by Staff reporter
Zimbabwe govt warns Chinese firms over illicit deals
The Office of the President and Cabinet (OPC) has issued a sharp and public rebuke to Chinese businesses operating in Zimbabwe, warning them to immediately halt illicit financial activities, environme...Published: 16 Jul 2025 at 07:41hrs | 534 | by Staff reporter
RBZ disburses ZiG350 million to key sectors
The RBZ announced it has disbursed ZiG350 million under its Targeted Finance Facility (TFF) to support key sectors of the economy, primarily manufac...Published: 14 Jul 2025 at 07:54hrs | 223 | by Staff reporter
'Surge in forex inflows a boon for ZiG stability'
Zimbabwe's foreign currency receipts surged by 22 percent to US$6 billion in the first five months of 2025, according to the Reserve Bank of Zimbabwe (RBZ), a development anal...Published: 14 Jul 2025 at 07:52hrs | 134 | by Staff reporter
Mnangagwa heads to Japan for World Expo 2025
President Emmerson Mnangagwa is expected to arrive in Japan today ahead of Zimbabwe's National Day celebrations at the World Expo 2025 Osaka, Kansai on Wednesday. His visit is...Published: 14 Jul 2025 at 07:49hrs | 129 | by Staff reporter
Sydney Gata is no hero
When US president Abraham Lincoln said that one can fool some people sometime, but one cannot fool all the people all the time, he forgot to add that Zanu-PF, as a stalwart, disciplined and principled...Published: 13 Jul 2025 at 11:38hrs | 419 | by Kenneth Mufuka
Companies reel under crippling costs, regulatory chaos
Zimbabwe's formal business sector is under severe strain as economic pressures mount, with industry leaders warning that ongoing policy inconsistencies, regulatory confusion, and worsening macroeconom...Published: 10 Jul 2025 at 09:08hrs | 249 | by Staff reporter
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