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ZERA Announces New Fuel Prices Effective 9 July 2025
The Zimbabwe Energy Regulatory Authority (ZERA) has released the new petroleum prices for July 2025, which came into effect on Wednesday, 9 July. The updated prices apply until 4 August 2025 and refle...Published: 10 Jul 2025 at 13:57hrs | 898 | by Staff Reporter
Herbert Nkala to exit OK Zimbabwe in restructuring move
OK Zimbabwe has announced a major leadership reshuffle and a US$30.5 million capital-raising initiative aimed at stabilising operations and restoring market confidence, as the retail giant battles int...Published: 29 Jun 2025 at 11:17hrs | 214 | by Staff reporter
Zimbabwe's tobacco marketing season booms
This year's tobacco marketing season is demonstrating remarkable stability and prosperity, creating an encouraging environment for Zimbabwean farmers as prices at auction floors remain robust....Published: 05 Jun 2025 at 10:05hrs | 76 | by Staff reporter
RBZ projects inflation drop by September
The Reserve Bank of Zimbabwe (RBZ) has assured the nation that inflation remains under control, despite seemingly high annual inflation rates, attributing the figures to technical distortions arising ...Published: 04 Jun 2025 at 13:31hrs | 132 | by Staff reporter
Delta highlights Zimbabwe's economic
Delta Corporation, Zimbabwe's leading brewer and soft drinks manufacturer, has painted a stark picture of the nation's economy, highlighting its persistent fragility despite signs of resilience in con...Published: 16 May 2025 at 15:03hrs | 673 | by Staff reporter
Zimbabwe, EU celebrate growing trade
Zimbabwe and the European Union (EU) have marked a significant milestone in their growing economic partnership, with trade between the two entities increasing by 30% and foreign direct investment (FDI...Published: 13 May 2025 at 10:23hrs | 130 | by Staff reporter
Rental income dominates First Mutual Properties revenue
First Mutual Properties (FMP) says rental income remains its primary source of revenue, with the property investment firm intensifying efforts to diversify both its tenant base and portfolio to streng...Published: 05 May 2025 at 15:56hrs | 88 | by Staff reporter
Zimbabwe manufacturing sector faces challenges
Industry and Commerce Minister Nqobizitha Ndlovu has called for urgent action to address the challenges stifling the competitiveness of Zimbabwe's manufacturing sector, after new findings revealed tha...Published: 16 Apr 2025 at 23:23hrs | 119 | by Staff reporter
Zimbabwe asset management landscape shifting
The asset management landscape in Zimbabwe is undergoing a significant transformation, with notable shifts in the allocation of funds under management (FUM), signaling a more cautious and strategic ap...Published: 15 Mar 2025 at 12:01hrs | 318 | by Staff reporter
Zimbabwe scraps VAT on LPG, prices fall 10%
Zimbabwe's push for sustainable energy solutions has received a significant boost following the government's removal of Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG), a move that has led to a...Published: 10 Jan 2025 at 12:06hrs | 773 | by Staff reporter
Zimbabwe's GDP takes US$12bn knock
Zimbabwe's gross domestic product (GDP) has sharply fallen to US$35 billion in November, a staggering 25% decline from US$47 billion in April. The sharp contraction highlights the dire economic challe...Published: 14 Dec 2024 at 10:35hrs | 197 | by Staff reporter
Zimbabwe bankers warn of price increases
Bankers in Zimbabwe are raising alarms about potential price increases and shortages of basic commodities following the recent devaluation of the Zimbabwe Gold (ZiG) by over 40% by the Reserve Bank of...Published: 03 Oct 2024 at 08:56hrs | 301 | by Staff reporter
Affordable apartment options in Dubai for Zimbabwean Investors
The Dubai real estate market offers a great chance for Zimbabwean investors looking for reasonably priced apartment choices since it continues to grow and thrive. The most recent figures from Bayut's ...Published: 28 Sep 2024 at 20:02hrs | 484 | by Staff Reporter
Cracking the code on forex trading: How does it really work?
Engaging in forex trading presents an opportunity for South Africans to participate in the international financial scene and potentially make profits by leveraging currency fluctuations. There is grow...Published: 27 Sep 2024 at 23:12hrs | 595 | by Staff Reporter
Zimbabwe's missing link
IN today's rapidly changing global business environment, organisations are under increasing pressure to remain competitive, innovative and sustainable.Leadership, in its truest sense, has beco...Published: 18 Sep 2024 at 08:29hrs | 158 | 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 | 2 | by Bekithemba Mpofu
Ingwebu requests water payment holiday
Ingwebu Breweries, owned by the Bulawayo Municipal Commercial Unit, requested a one-time water payment holiday from the Bulawayo City Council (BCC) due to the 2023/24 El Niño-induced drought. This dr...Published: 09 Jun 2024 at 09:07hrs | 4 | by Staff reporter
ZiG Currency: Catalyzing Zimbabwe's Middle-Income Pursuit - Empowering Economic Well-being
Zimbabwe has taken a crucial step in revitalizing the economy and instilling trust in the financial sector by introducing the groundbreaking Zimbabwean Gold-backed Dollar (ZiG) as the official replace...Published: 10 Apr 2024 at 22:17hrs | 3 | by Elvis Dzvene
Strategic Analysis of Zimbabwe's Monetary Policy and Its Implications on the Real Estate Sector
Introduction The Reserve Bank of Zimbabwe unveiled a new monetary policy aimed at stabilizing the country's currency and economy. The policy focuses on ...Published: 07 Apr 2024 at 09:17hrs | 11 | by Dr Bekithemba Mpofu
Business Scaling: When is the right time?
Business scaling refers to expanding a business in a sustainable and manageable way. Unlike simple business growth, which can be unplanned or organic, it's a deliberate and strategic effort to increas...Published: 16 Feb 2024 at 09:34hrs | 25 | by Staff Reporter
Zimbabweans react with shock over exchange rate, price madness
CONSUMERS have reacted with shock to the extortionate and unrealistic exchange rates being applied in the pricing of basic goods in local currency by some unscrupulous retail players in Bulawayo and o...Published: 22 May 2023 at 06:35hrs | 2 | by Staff reporter
Auditors condemn Edgars financial results
DELOITTE and Touche Zimbabwe auditors have condemned Edgars Stores Limited financial results for the year ended January 8, 2023, saying they failed to comply with International Financial Reporting Sta...Published: 14 May 2023 at 11:37hrs | 2 | by Staff reporter
Power outages hit PPC cement sales
REGIONAL cement maker PPC expects sales volumes at its Zimbabwean unit will drop by 14% in the full year compared to the same period last year due to recurrent power outages and grey imports.P...Published: 17 Mar 2023 at 07:28hrs | 2 | by Staff reporter
Schools directed to accept Zimdollar
THE Government has issued a stern warning to all schools that are demanding fees exclusively in US dollars, saying such institutions risk being de-registered as their demands were a violation of the c...Published: 03 Sep 2022 at 19:10hrs | 2 | by Staff reporter
Petrol expected to increase by R2 in South Africa
Mid-month data from the Central Energy Fund points to further fuel price pain for diesel and petrol vehicle owners in July.The data, which serves as a snapshot of market conditions as of 14 Ju...Published: 15 Jun 2022 at 09:38hrs | 1 | by Staff reporter
Zimbabwe: Class IN itself versus Class FOR itself
US goose versus NED ganderTHERE is always more to write about than there is space to publish. Last week I had to drop two key matters, to allow myself to address in extenso what I sought to ra...Published: 21 May 2022 at 17:53hrs | 2 | by Staff reporter
RBZ auction rate reaches $258
The auction rate, the weighted average of successful bids on the Reserve Bank of Zimbabwe foreign currency auction for productive businesses, fell from $173,2685 to the US dollar last week to $258,540...Published: 18 May 2022 at 06:18hrs | 2 | by Staff reporter
Innscor shells US$70m on expansion
ZIMBABWE Stock Exchange-listed blue-chip, Innscor Africa Limited, has injected about US$70 million to consolidate its expansion operations, according to the group's chairperson, Addington Chinake....Published: 23 Nov 2021 at 05:58hrs | 13 | by Staff reporter
Zimbabweans trek to rural areas as city life worsens
AN ESTIMATED 1,5 million Zimbabweans are reported to have abandoned life in the city as the country's economic situation continues to deteriorate.The International Labour Organisation (ILO) sa...Published: 09 Oct 2021 at 07:35hrs | | by Staff reporter
South African Airways to resume Zimbabwe
SOUTH African Airways (SAA) has announced plans to resume flights into the region, including Zimbabwe, starting next month. According to the carrier, the first flights will commence on Thursda...Published: 26 Aug 2021 at 17:57hrs | 7 | by Staff Reporter
VFEX in dramatic rebound
THE Victoria Falls Stock Exchange (VFEX) has dramatically emerged to capture some of Zimbabwe's biggest firms, with multinationals making bold moves to step into the waterfall in the past week....Published: 11 Jul 2021 at 10:42hrs | 1 | by Staff reporter
Zimbabwe's second-largest gold producer to list on Victoria Falls Exchange
Caledonia Mining Corp, Zimbabwe's second-largest gold producer by volume, has begun the process for listing on the country's new bourse, which trades exclusively in U.S. dollars.The listing pl...Published: 08 Jul 2021 at 21:12hrs | | by Staff reporter
EcoCash, Steward Bank savings product suspended
CASSAVA Smartech subsidiaries EcoCash and Steward Bank have announced temporary suspension of their "EcoCash$ave" product to allow for its migration to a new platform while they repackage and improve ...Published: 12 Mar 2021 at 13:24hrs | 15 | by Staff reporter
Medical aid societies hike fees
Zimbabweans seeking health care will have to fork out more for health insurance as medical aid societies have hiked contributions over the last few months for members paying in local currency. ...Published: 11 Mar 2021 at 06:13hrs | 1 | by Staff reporter
Bitcoin trading - Know the secrets to get successful!
The world is digitalizing at a rapid pace as even the currency has been digitalized and turned into digital currency. Bitcoin is the most prominent digital currency in the market, and you can earn hug...Published: 10 Jan 2021 at 18:27hrs | 12 | by Staff Writer
Tips on how to build your house
Factors affecting cost of construction in Zimbabwe Part 1HOW much does it cost to build a house? It's a question that is never far from the mind of a construction client, a question that has p...Published: 06 Dec 2020 at 08:03hrs | 3 | by Qalisani Ndlovu
Zera adjusts petrol prices downwards
THE Zimbabwe Energy Regulatory Authority (Zera) on Thursday reviewed fuel prices in accordance with the prevailing market conditions.The price for petrol went down $0.51 cents to ZW$97.11, whi...Published: 06 Nov 2020 at 19:05hrs | | by Staff reporter
Civil servants salary talks inconclusive
Government and unions representing civil servants adjourned negotiations to later this week after yesterday's discussions on salaries, wages and other employment terms. Public Service Commissi...Published: 04 Nov 2020 at 05:45hrs | 2 | by Staff reporter
The best trading apps in the EU
If you want to venture into the European financial market, then here's your chanc...Published: 02 Nov 2020 at 15:38hrs | 5 | by Staff Writer
Are we enjoying the fruits of our independence-Zimbabwe?
The Zimbabwe is on standstill not because of sanctions. The real matter is on "CORRUPTION" and Zimbabwe to go forward need to adhere to its "Constitution".. In the Zimbabwean scenario, a certain secti...Published: 01 Jul 2019 at 21:26hrs | 12 | by Enos Denhere
Mnangagwa's govt moots scrapping duty on more imports
THE Government is fed up with unscrupulous businesses that are in the habit of wantonly increasing prices of basic commodities and will soon consider scrapping off import duty on various goods and foo...Published: 30 Jun 2019 at 09:02hrs | 2 | by Staff reporter
'Biti destroyed Zimbabwe's ability to conduct its own monetary policy completely'
Finance and Economic Development Minister Professor Mtuli Ncube has said the monetary policy is a vital leg in Government's economic recovery efforts without which fiscal efforts alone are rather inad...Published: 31 May 2019 at 07:43hrs | 4 | by Staff reporter
Zanu-PF rivals call for dialogue
Opposition political parties have renewed their appeal for inclusive national dialogue in the wake of the worsening economic crisis, with Nelson Chamisa's MDC party warning of calamitous demonstration...Published: 22 May 2019 at 07:01hrs | 1 | by Staff reporter
Fresh protests loom in Zimbabwe
Zimbabwe is now at risk of fresh protests after the cash-strapped government on Monday night unexpectedly announced that it had cancelled fuel subsidies for imports.Caught in a debilitating en...Published: 21 May 2019 at 18:10hrs | 1 | by ANA
RBZ scraps 1:1 rate for oil marketing firms
The Reserve Bank of Zimbabwe (RBZ) has directed banks to discontinue twinning arrangements for their customers, with a view to promote efficient functioning of interbank market and willing-buyer willi...Published: 21 May 2019 at 06:20hrs | | by Staff reporter
Fuel procurement now via interbank rate
GOVERNMENT has, with immediate effect, removed the 1:1 foreign currency exchange rate for the procurement of fuel by Oil Marketing Companies (OMCs), which will result in the interbank market being use...Published: 21 May 2019 at 06:19hrs | | by Staff reporter
RBZ statement on the payment arrangements for fuel through interbank foreign exchange market
The Reserve Bank of Zimbabwe has advised the public that with effect from 21 May 2019, the procurement of fuel by the Oil Marketing Companies (OM.) shall be done through the interbank foreign exchange...Published: 20 May 2019 at 17:29hrs | 1 | by Staff Reporter
Prophet Magaya fails to repay $23 million loan
PROPHETIC Healing and Deliverance (PHD) Ministries leader Walter Magaya and his wife, Tendai, have been taken to the High Court for failure to repay a US$23 million loan to Homelink Finance (Private) ...Published: 10 May 2019 at 06:43hrs | 1 | by Staff reporter
Brexit no deal could cost Zimbabwe US$4,6 million
ZIMBABWE stands to lose at least 5% of its yearly exports to the United Kingdom in the case of Britain leaving the European Union without a deal, a new United Nations agency report has shown.A...Published: 05 May 2019 at 10:47hrs | 18 | by Staff reporter
Zimbabwe key to Nissan's African plans - Market leader celebrates Trade Fair's 60th anniversary
BULAWAYO - Zimbabwe's perennially popular automotive brand is back on show at the annual Zimbabwe International Trade Fair, which is currently underway in the c...Published: 25 Apr 2019 at 12:12hrs | 24 | by Agencies
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