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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: 16 hrs ago | 743 | by Staff reporter
BCC in ambitious 2034 housing plan
The Bulawayo City Council (BCC) has revealed an ambitious plan to construct 500,000 housing units by 2034 as part of a broader 15-year master plan aimed at addressing the city's severe housing backlog...Published: 21 Nov 2024 at 06:26hrs | 121 | by Staff reporter
Mutumbuka's landmark case exposes the deep roots of property fraud in Zimbabwe
The problem of title deed fraud is not new to Zimbabwe, but recent cases have brought this pervasive issue into sharp focus. One of the most troubling and high-profile incidents has been the c...Published: 18 Nov 2024 at 19:44hrs | 3673 | by Tendai Ruben Mbofana
Innscor engages govt over tax
Innscor Africa Limited has raised concerns over high taxes and their detrimental impact on the company's profitability, warning that the escalating cost-push pressures are putting a strain on its fina...Published: 18 Nov 2024 at 15:06hrs | 165 | by Staff reporter
Zimbabwe miners propose royalties linked to metal prices
Zimbabwe's Chamber of Mines has put forward a proposal to the Ministry of Finance suggesting that royalty payments be linked to the market prices of metals, including lithium and platinum group metals...Published: 16 Nov 2024 at 14:27hrs | 86 | by Staff reporter
Why fuel prices are high in Zim
The Zimbabwe Energy Regulatory Authority (Zera) has attributed the country's high fuel pump prices to the substantial tax burden and levies applied to petrol and diesel, compared to other countries in...Published: 12 Nov 2024 at 11:00hrs | 1509 | by Staff reporter
Livestock farmers bemoan delayed rains
Livestock farmers across Beitbridge district are voicing their concerns over the delayed start of the rainy season, which has disrupted grazing patterns and severely affected the health of their lives...Published: 11 Nov 2024 at 11:35hrs | 527 | by Staff reporter
Power Sales workers fume over salaries
Powersales, a retail clothing chain in Bulawayo, is embroiled in a dispute with its employees after management decided to offset outstanding salaries with sewing machines, leaving workers dissatisfied...Published: 10 Nov 2024 at 10:57hrs | 264 | by Staff reporter
Zimbabwe foreign currency reserves rise to US$500m
Zimbabwe's foreign currency reserves backing its local currency, the Zimbabwe Gold (ZiG), have surged past US$500 million, tripling the total amount of ZiG in circulation. This development is expected...Published: 10 Nov 2024 at 10:41hrs | 170 | by Staff reporter
EU could face gas shortages
The European Union's gas supplies could be at risk this winter due to increasing reliance on liquefied natural gas (LNG) as a replacement for Russian pipeline gas, the Financial Times wrote on Thursda...Published: 07 Nov 2024 at 16:00hrs | 551 | by Staff reporter
Zimbabwe's economy to grow 6% in 2025
Zimbabwe's economy is projected to expand by six percent in 2025, bolstered by favorable rainfall conditions that are expected to boost agricultural productivity, Finance, Economic Development, and In...Published: 07 Nov 2024 at 07:00hrs | 237 | by Staff reporter
ZERA increases fuel prices in Zimbabwe
The Zimbabwe Energy Regulatory Authority (ZERA) has announced a fuel price adjustment for diesel and petrol blend, impacting prices in both Zimbabwean dollars and US dollars. The new rates, effective ...Published: 06 Nov 2024 at 16:24hrs | 8908 | by Staff reporter
Why Kamala Harris Lost and How Donald Trump Won: A Deep Analysis of the 2024 US Election
Today I am mourning, but this too shall favour me - Donald Trump's victory and Kamala Harris's loss carry lessons for us all. She joined the race just 107 days ago, facing a former president who began...Published: 06 Nov 2024 at 12:43hrs | 1719 | by Ifeanyi Abraham
Reason why Masisi lost Botswana elections
Botswana's new president Duma Boko said on Friday he wanted to conclude talks for a new sales pact with global diamonds mining giant De Beers as soon as possible.“The relationship with De Be...Published: 04 Nov 2024 at 07:06hrs | 4954 | by Staff reporter
Zimbabwe on course to break winter wheat production record
Zimbabwe is poised to set a new winter wheat production record, with farmers having already harvested over 490,000 tonnes this season, a milestone that highlights the nation's agricultural revival in ...Published: 03 Nov 2024 at 10:06hrs | 230 | by Staff reporter
Zimbabwean activist engages Hichilema to cancel Chivayo linked tender
Zimbabwean activists based in South Africa have called on Zambian President Hakainde Hichilema to block Ren-Form, a South African printing company, from supplying election materials in Zambia's upcomi...Published: 02 Nov 2024 at 08:43hrs | 1537 | by Staff reporter
Economy registers three-year growth, says Prof Ncube
Zimbabwe has sustained robust economic growth over the past three years, averaging an impressive 6.8 percent annually, despite significant currency fluctuations, Finance, Economic Development, and Inv...Published: 31 Oct 2024 at 06:48hrs | 89 | by Staff reporter
Choppies mulls Zimbabwe exit
Botswana-based retailer Choppies Enterprise Limited is contemplating a withdrawal from the Zimbabwean market, citing significant financial pressure stemming from the instability of the newly introduce...Published: 29 Oct 2024 at 07:44hrs | 6749 | by Staff reporter
What did the ZANU-PF conference achieve besides trying to do something unconstitutional?
The recent ZANU-PF National People's Conference in Bulawayo was expected to chart a course for Zimbabwe's pressing challenges. Yet, rather than addressing the nation's economic woes, poverty l...Published: 28 Oct 2024 at 13:12hrs | 1002 | by Tendai Ruben Mbofana
Zimbabwe farmers push for localisation of tobacco beneficiation
The Tobacco Farmers Union Trust (TFUT) is calling for the localisation of tobacco beneficiation to help mitigate losses caused by adverse weather conditions and soaring production costs in Zimbabwe's ...Published: 28 Oct 2024 at 07:09hrs | 239 | by Staff reporter
Report: Starlink's Entry into Zimbabwe Shakes Up Telecom Market
Introduction The recent launch of Starlink, a satellite internet constellation, in Zimbabwe has brought relief to consumers who have long been exploited...Published: 26 Oct 2024 at 21:29hrs | 3685 | by Nkomah Isaac
ZiG inflation rate now pegged at 37.2%
Zimbabwe's inflation rate for the Zimbabwe Gold (ZWG) currency surged to 37.2% in October, according to the latest data from the Zimbabwe National Statistics Agency (Zimstat). This sharp increase, ref...Published: 26 Oct 2024 at 12:48hrs | 297 | by Staff reporter
Zesa secures 600MW utility batteries
In a significant move to address persistent power outages affecting the region, the Zimbabwe Electricity Supply Authority (ZESA) is actively procuring large utility batteries that will bolster the nat...Published: 26 Oct 2024 at 12:40hrs | 238 | by Staff reporter
StarLink terminals sold out in Zimbabwe capital
Elon Musk's Starlink terminals sold out in Zimbabwe's capital of Harare, less than two months after receiving permission from authorities to operate in the southern African nation.Harare now j...Published: 24 Oct 2024 at 16:24hrs | 1701 | by Staff reporter
Food security is part of governance: Zinyengerere
Mhondoro-Mubayira ward 27 councillor, Maxwell Zinyengerere has announced that food security complements local governance and therefore leaders should strive to make sure their subjects do not starve....Published: 24 Oct 2024 at 12:14hrs | 129 | by Gideon Madzikatidze
Zimbabwe want to have imported 4,131,260 tonnes of maize by March next year
807 permits issued for maize importsThe Zimbabwean government has issued 807 import permits to 420 private companies to bring in 4,131,260 tonnes of maize by March next year, as part of its drough...Published: 23 Oct 2024 at 07:43hrs | 109 | by Staff reporter
Bulawayo uninspired by Zanu-PF 'love-fest'
ZANU-PF leaders, functionaries, and activists are set to begin arriving in Bulawayo today for the party's 21st National People's Conference, which kicks off tomorrow at the ZITF grounds and runs until...Published: 22 Oct 2024 at 08:02hrs | 438 | by Staff reporter
Nkomo blasts Zanu-PF over policy confusion
Zapu leader Sibangilizwe Nkomo has blasted Zanu PF government over policy which he blamed for economic quagmire in the country.In...Published: 22 Oct 2024 at 07:21hrs | 567 | by Stephen Jakes
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 | 236 | by Staff reporter
Calls for US$ salaries grow louder in Zimbabwe
The Zimbabwe Congress of Trade Unions (ZCTU) has once again called for workers to be paid in United States dollars until the government stabilizes the country's economic fundamentals, arguing that thi...Published: 19 Oct 2024 at 12:11hrs | 201 | by Staff reporter
Chivayo-linked company wins contract to print ballot papers in Namibia
The Electoral Commission of Namibia (ECN) has awarded a US$60 million contract for the supply of all election materials, including ballot papers, to South African company Ren-Form CC, despite the firm...Published: 18 Oct 2024 at 15:52hrs | 648 | by Staff reporter
ZiG devaluation amid rising gold prices raises lots of questions
Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi faced tough questions in Parliament on Wednesday regarding the recent devaluation of the Zimbabwe Gold currency (ZiG) despite soaring ...Published: 18 Oct 2024 at 08:47hrs | 256 | by Staff reporter
Zanu-PF gold baron refutes owing US$3m in gold deliveries, threatens
Zanu-PF's Insiza North Member of Parliament, Farai Taruvinga, a well-known gold magnate in Matabeleland South, is embroiled in a legal battle with gold buyer Shasha Richard Gomez over an unpaid gold d...Published: 17 Oct 2024 at 17:12hrs | 3915 | 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 | 3249 | by Engineer Jacob Kudzayi Mutisi
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 12:32hrs | 6185 | by Engineer Jacob Kudzayi Mutisi
South Africa's fuel price honey moon is over
Bad news for South African motorists as the Automobile Association expects the fuel price to increase next month -- the first since May.The pending increase is a result of higher international...Published: 17 Oct 2024 at 10:39hrs | 648 | by Staff reporter
Zimbabwe's largest semen bank to be commissioned at Matopos Research Institute
The largest semen processing and cryopreservation centre in Zimbabwe, located at Matopos Research Institute in Matabeleland South, is set to be commissioned this Saturday through a partnership between...Published: 17 Oct 2024 at 08:56hrs | 174 | by Staff reporter
Chivayo linked IMC gets ISP licence, eyes Starlink reseller
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has issued IMC Communications with an internet service provider (ISP) licence, paving the way for the company to partner wit...Published: 17 Oct 2024 at 08:51hrs | 228 | by Staff reporter
Grid Africa secures R50 million Equity Investment from Rifuwo
Grid Africa has announced a major milestone with the successful acquisition of a R50 million equity investment from Rifuwo Energy Partners. This funding will significantly boost the company's efforts ...Published: 16 Oct 2024 at 15:42hrs | 237 | by Staff reporter
The Chinese-owned Dinson invests over US$2 billion in Zimbabwe
The Chinese-owned Dinson Iron and Steel Company (Disco), the anchor industry for the Manhize Industrial Park near Mvuma in Zimbabwe's Midlands province, has invested more than US$2 billion in the coun...Published: 15 Oct 2024 at 18:38hrs | 3145 | by Staff reporter
Zanu-PF MP lives luxury lifestyle, fails to pay debts
Despite his ongoing development of a US$5 million rural shopping complex at Skuta Business Centre along the Bulawayo-Masvingo highway in Filabusi, Zanu PF Insiza North MP Farai Taruvinga is facing leg...Published: 15 Oct 2024 at 09:18hrs | 2970 | by Staff reporter
Zimbabwe govt says 'no shortages of basic commodities'
The Government has dismissed claims of shortages of basic commodities in the formal market, attributing the perceived scarcities to economic agents redirecting supplies to the informal sector. In a po...Published: 15 Oct 2024 at 08:28hrs | 166 | by Staff reporter
Zimbabwe imposes another levy on expensive fuel in the region
The Zimbabwe Energy Regulatory Authority (ZERA) has introduced a nominal levy on both petrol and diesel to support its regulatory and compliance enforcement efforts, as well as to promote renewable en...Published: 14 Oct 2024 at 08:09hrs | 376 | by Staff reporter
Mthuli Ncube assures Zimbabweans amid ZiG volatility concerns
Finance Minister Mthuli Ncube has reassured Zimbabweans that there is no cause for alarm regarding potential volatility of the Zimbabwe Gold (ZWG) currency, citing the country's balanced local currenc...Published: 12 Oct 2024 at 11:22hrs | 376 | by Staff reporter
Mnangagwa, central bank deliver damp squibs
President Emmerson Mnangagwa's recent State of the Nation Address (Sona) has come under heavy criticism from leading economists, who say it lacked concrete solutions to arrest the nation's spiraling e...Published: 11 Oct 2024 at 18:33hrs | 1320 | by Staff reporter
Gold reserves backing ZiG rise
The Reserve Bank of Zimbabwe (RBZ) has reassured the public of continued exchange rate stability, with gold reserves backing the Zimbabwe Gold (ZiG) currency now valued at over US$450 million, up from...Published: 10 Oct 2024 at 18:50hrs | 6231 | by Staff reporter
Dollarisation the worst thing to do for Zimbabwe
The Zimbabwean government has remained resolute in its decision not to revert to full dollarisation, despite growing calls from businesses and citizens who prefer the United States dollar over the rap...Published: 10 Oct 2024 at 13:46hrs | 1671 | by Staff reporter
Innscor booted out of Profeeds
Innscor Africa Limited has been ordered to divest from Profeeds after the Supreme Court ruled that the merger of Profeeds and National Foods created a near monopoly in the stockfeed industry.S...Published: 10 Oct 2024 at 13:11hrs | 2518 | by Staff reporter
Doji Candle: Understanding Its Role in Trading
The Doji candle stands out as one of the most intriguing candlestick patterns used by traders, offering a window into the market's state of uncertainty. It frequently appears during moments when buyer...Published: 09 Oct 2024 at 13:17hrs | 342 | by Staff Reporter
Matabeleland South hard hit by livestock deaths
The El Niño-induced drought has severely impacted Matabeleland South province, leading to significant cattle deaths and economic losses for local households. A recent report by the 2024 Zimbabwe Live...Published: 09 Oct 2024 at 07:51hrs | 343 | by Staff reporter
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