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Willowvale, Ashok Leyland seal US$5m vehicle assembly deal
Willowvale Motor Industries (WMI) has earmarked US$5 million to launch its newly signed assembly partnership with Indian vehicle manufacturing giant Ashok Leyland, paving the way for the local product...Published: 7 hrs ago | 78 | by Staff reporter
Chiwenga secures India vehicle production deal
Zimbabwe has made significant strides at the India-Africa Business Conclave, which concludes today, with Vice President Dr Constantino Chiwenga leading a delegation that secured landmark partnerships ...Published: 8 hrs ago | 283 | by Staff reporter
SA steel tariff hikes threaten jobs
Proposed increases to 460 steel tariff codes are set to affect more than 16 000 traders and R51,5 billion (US$2,9 billion) worth of imports, sparking fears of job losses in South Africa's downstream s...Published: 29 Aug 2025 at 05:54hrs | 526 | by Staff reporter
Business leaders demand crisis talks with Mnangagwa
Zimbabwe's business leaders are pressing for an urgent meeting with President Emmerson Mnangagwa, warning that unresolved economic challenges require his direct intervention as ministries and regulato...Published: 28 Aug 2025 at 06:55hrs | 1050 | by Staff reporter
Zimbabwe slashes fees to boost ease of doing business
The Government has approved sweeping reforms in the tourism sector, cutting and streamlining licences, permits, levies and fees in line with President Mnangagwa's directive to enhance the ease of doin...Published: 27 Aug 2025 at 06:03hrs | 859 | by Staff reporter
Top Zimbabwe business executive arrested for fraud
Prominent corporate executive Never Mhlanga is expected to appear in court this morning facing fraud charges linked to the controversial sale of Montclair Hotel and Casino in Juliasdale, Nyanga, to th...Published: 26 Aug 2025 at 13:09hrs | 2839 | by Staff reporter
Chiwenga courts major diamond firm
Vice President Constantino Chiwenga, who arrived in India on Friday morning, has immediately set to work by engaging Hari Krishna Exports, one of the world's leading diamond processing firms.T...Published: 23 Aug 2025 at 14:56hrs | 227 | by Staff reporter
Are Zimbabwe economic growth rates real?
Every year, the Zimbabwean government and multilateral financial institutions project that the economy will grow by huge margins, yet the current economic situation does not meaningfully change, and i...Published: 21 Aug 2025 at 13:08hrs | 289 | by Delani Mangena
Zimbabwe turns to Japan for energy investments
Zimbabwe is exploring investment and technological partnerships with Japanese energy companies and government agencies to tackle one of the country's worst power shortages in decades. Households and b...Published: 21 Aug 2025 at 08:41hrs | 149 | by Staff reporter
Shuntai appeals US$10 000 contempt fine
Manufacturing firm Shuntai Investments has appealed against a US$10 000 fine imposed by the High Court for contempt of court in its ongoing legal battle with Bryden Country School over the constructio...Published: 20 Aug 2025 at 09:09hrs | 111 | by Staff reporter
AfDB projects 6% economic growth for Zimbabwe
The African Development Bank (AfDB) has projected that Zimbabwe is on track to achieve a six percent economic growth rate this year, supported by stability and recovery across key productive sectors....Published: 19 Aug 2025 at 18:51hrs | 155 | by Staff reporter
Chinese nickel giant to invest $800m in Zimbabwe
Chinese nickel producer Tsingshan Holding Group will invest $800 million in expanding its steel plant in central Zimbabwe through its unit Dinson Iron and Steel Company.Tsingshan, among the wo...Published: 19 Aug 2025 at 11:01hrs | 338 | by Staff reporter
If Mnangagwa wants to know what 'nyika inovakwa nevene vayo' really means, he should learn from Rhodesians!
Sometimes, words are cheap, and it is often those who boast the most who achieve the least.When the late Robert Mugabe popularized the phrase 'nyika inovakwa nevene vayo' - and his successor E...Published: 19 Aug 2025 at 08:08hrs | 427 | by Tendai Ruben Mbofana
Zimbabwe's lawyer-heavy politics not good for development
Most of Zimbabwe's leading politicians are lawyers. Nelson Chamisa, Tendai Biti, David Coltart, Welshman Ncube, and even President Emmerson Mnangagwa all come from legal backgrounds. The one prominent...Published: 17 Aug 2025 at 16:18hrs | 536 | by Staff reporter
Why Zimbabweans rue plan to ditch US dollar?
Zimbabwe's plans to drop the US dollar in five years is already causing jitters in an economy that has suffered nearly two decades of currency volatility and bouts of record hyperinflation.Har...Published: 14 Aug 2025 at 10:44hrs | 997 | by Staff reporter
Beverage makers say 35% RBZ rate hampers growth
Zimbabwe's beverage industry has raised concerns over the Reserve Bank of Zimbabwe's (RBZ) decision to maintain the bank policy rate at 35% per annum, saying the high interest rate is constraining gro...Published: 14 Aug 2025 at 10:41hrs | 132 | by Staff reporter
Zimbabwe banks show strong capital buffers
Most Zimbabwean banking institutions have exceeded minimum regulatory capital requirements, signalling stability, resilience, and soundness in the country's financial system, the latest Reserve Bank o...Published: 13 Aug 2025 at 09:08hrs | 211 | by Staff reporter
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: 10 Aug 2025 at 18:36hrs | 318 | 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 | 730 | 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 | 827 | 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 | 138 | 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 | 148 | 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 | 164 | 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 | 84 | 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 | 233 | 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 | 63 | 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 | 99 | 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 | 113 | 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 | 259 | 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 | 451 | 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 | 345 | 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 | 185 | 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 | 255 | 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 | 111 | 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 | 369 | 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 | 549 | 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 | 199 | 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 | 815 | 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 | 174 | 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 | 141 | 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 | 396 | 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 | 139 | 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 | 279 | 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 | 436 | 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 | 90 | 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 | 216 | 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 | 579 | 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 | 203 | 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 | 1484 | by Staff reporter
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