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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 | 164 | by Staff reporter
Bulawayo parking firm boss rolls into City Hall in US$400k Rolls Royce
Lizwe Mabuza, the chairman of Tendy Tree Investments (TTI), the company managing Bulawayo's paid parking, arrived at City Hall in a US$400,000 Rolls Royce Cullinan last week, prompting a wave of publi...Published: 14 Nov 2024 at 13:16hrs | 1779 | by Staff reporter
SEEDCO, ZRP warn culprits distributing counterfeit seeds
In the wake of 2024/25 farming season, certified seeds distribution and supply giant, SEEDCO Limited has joined hands with Zimbabwe Republic Police (ZRP) to thwart incidences of illegal selling of cou...Published: 13 Nov 2024 at 22:15hrs | 1027 | by Gideon Madzikatidze
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
Delta dumps normal supplies route amid Mozambique political turmoil
Despite using the shortest route for its timeous raw material distribution and chain supplies over the years, listed beverages manufacturing giant, Delta Corporation Limited, has announced political s...Published: 07 Nov 2024 at 13:02hrs | 1050 | by Gideon Madzikatidze/Simbarashe Sithole
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 | 8907 | by Staff reporter
Bulawayo taxi association demands repeal of route-sharing policy
The United Bulawayo Taxi Association, representing a coalition of kombi (minibus) owners from various public transport groups, has submitted a petition to the Bulawayo City Council (BCC) demanding the...Published: 29 Oct 2024 at 07:36hrs | 198 | by Staff reporter
Cheap mobile and fintech innovator a solution for the Zimbabwe market
Greydot Telecommunications Zimbabwe, a subsidiary of Greydot Telecommunications Africa, is making significant strides in the telecommunications and fintech landscape across Southern Africa. Establishe...Published: 27 Oct 2024 at 14:32hrs | 809 | 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 | 296 | by Staff reporter
'Projected Trump victory driving demand for dollars'
Increasing belief on the financial markets that Donald Trump will win the US presidential election next month has been strengthening the dollar, Bloomberg has reported, citing British multinational ba...Published: 25 Oct 2024 at 13:45hrs | 563 | 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 | 1715 | by Staff reporter
ZiG struggles persist
The woes surrounding the Zimbabwe Gold (ZWG) currency show no signs of abating, as retailers continue to implement a three-tier pricing system for products, complicating consumer transactions and unde...Published: 15 Oct 2024 at 08:39hrs | 2782 | 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
Trump's odds of winning have suddenly surged
A data scientist who constructed a model to predict who will win the 2024 presidential election says Donald Trump has surged ahead in the last week.Dr Thomas Miller from Northwestern Universit...Published: 11 Oct 2024 at 16:48hrs | 937 | by Staff reporter
Zimbabwe teachers suffer setback in salary demands
Teachers in Zimbabwe have faced a significant setback in their quest for improved salaries and working conditions, following the High Court's dismissal of their joint application against the governmen...Published: 09 Oct 2024 at 07:48hrs | 988 | by Staff reporter
Mnangagwa govt warns errant businesses
Finance, Economic Development, and Investment Promotion Minister, Professor Mthuli Ncube, has issued a stern warning to unscrupulous business operators seeking to exploit the exchange rate for persona...Published: 05 Oct 2024 at 17:25hrs | 3436 | by Staff reporter
'ZiG defence plan doomed'
The introduction of Zimbabwe's gold-backed currency, Zimbabwe Gold (ZiG), has faced a series of severe setbacks, pushing the economy deeper into turmoil, according to a new report by the Confederation...Published: 05 Oct 2024 at 16:35hrs | 2638 | by Staff reporter
inDrive broadens reach in Zimbabwe with Ride-Hailing, Courier and intercity Services
Harare - inDrive, the global mobility and urban services platform, announces its expansion across Zimbabwe, now offering ride-hailing services in four major cities: Harare, Bulawayo, Gweru, and Mutare...Published: 02 Oct 2024 at 11:20hrs | 693 | by Agencies
China mining firms partner with Zimbabwe on lithium mine
Chinese miners Zhejiang Huayou Cobalt Co. and Tsingshan Holding Group Co. are defying low lithium prices to develop a deposit of the battery metal with a Zimbabwean state company.The two firms...Published: 26 Sep 2024 at 13:56hrs | 242 | by Staff reporter
Econet's investment in Liquid may be poised for a decline in value
Morgan & Co, a prominent securities firm, has issued a cautionary warning to Econet Wireless Zimbabwe regarding its investment in Liquid Telecommunications Holdings (LTH). The firm anticipates a p...Published: 20 Sep 2024 at 11:14hrs | 672 | by Staff reporter
Zimbabwe injects US$64m into foreign currency market
The Reserve Bank of Zimbabwe (RBZ) has injected US$64 million into the foreign exchange market in response to a growing demand for hard currency, ensuring that all bona fide foreign currency applicati...Published: 20 Sep 2024 at 07:49hrs | 240 | by Staff reporter
PRAZ, NCC signs a prescriptive pricing diagnosis deal
The Procurement Regulatory Authority of Zimbabwe (PRAZ) and National Competitiveness Commission (NCC) have agreed to create and collaborate in developing a National Market Price List (NMPL) for common...Published: 19 Sep 2024 at 20:46hrs | 608 | by Gideon Madzikatidze/ Simbarashe Sithole
TelOne Zimbabwe takes unconventional leap, partners with Starlink
Harare, Zimbabwe - In a surprise move, TelOne Zimbabwe, the state-owned telecommunications provider, has announced a partnership with Starlink, Elon Musk's satellite internet venture. This unexpected ...Published: 18 Sep 2024 at 20:29hrs | 1016 | by Erick Matotoba
TelOne jumps on Starlink train
TelOne, one of Zimbabwe's largest fixed internet providers, has announced its partnership with Starlink, becoming an authorized reseller of the satellite internet service. This move comes in response ...Published: 18 Sep 2024 at 15:33hrs | 2592 | by Staff reporter
NetOne Unveils OneBusiness Package: A Streamlined Communication Solution for Businesses of All Sizes
NetOne has unveiled the OneBusiness Package, a comprehensive communication solution designed to empower businesses of all sizes. This innovative package offers a range of features to enhance connectiv...Published: 18 Sep 2024 at 10:15hrs | 595 | by Simbarashe Sithole
Can Zimbabwe ZiG-zag away from the USD?
ZIMBABWE'S economy has suffered immensely since 2008, when inflation exceeded a million percent.Since then, the government has made six attempts to adopt a local currency, with the latest comi...Published: 13 Sep 2024 at 16:04hrs | 2769 | by Nkosi Moyo
South Africa energy poverty to deepen
I want to talk to you about the attached report. It is available online.The report is about the future of European competitiveness and outlines a competitiveness strategy for Europe in Septemb...Published: 11 Sep 2024 at 13:45hrs | 211 | by Engineer Matšhela Koko
Prices soar as new Zimbabwean currency struggles
The launch of Zimbabwe's new currency, the Zimbabwe Gold (ZWG), has been marked by significant challenges, including a sharp rise in basic commodity prices. Since its introduction on April 5 at an exc...Published: 11 Sep 2024 at 09:03hrs | 1041 | by Staff reporter
Shops dump ZiG official rate for two-tier pricing system
Just like other Zimbabwean currencies introduced since the year 2000, the Zimbabwe Gold (ZiG) currency is already showing signs of instability barely half a year after its introduction, with many shop...Published: 08 Sep 2024 at 13:51hrs | 9570 | by Staff reporter
What Zimbabweans need to know about Starlink, and how to order
GREAT news for internet users across Zimbabwe - Starlink has officially launched nationwide services as of September 7, 2024.After months of anticipation and a slight delay, Zimbabweans can no...Published: 07 Sep 2024 at 16:08hrs | 2974 | by Staff reporter
Starlink Goes Live in Zimbabwe
The company officially turned on service in Zimbabwe just before midnight, Friday 6 September 2024. It's a big cheer from many areas in the country as many have awaited this moment for some time. The ...Published: 07 Sep 2024 at 10:05hrs | 342 | by Staff reporter
Zimbabwe govt intervenes to end dual pricing
The government is closely monitoring businesses that are manipulating the exchange rate by using black market rates instead of the official ZiG currency rate. This practice undermines the ZiG, which i...Published: 05 Sep 2024 at 17:07hrs | 6034 | by Staff reporter
GWM Tanks invade Zimbabwe
AS Zimbabwe's automotive landscape continues to evolve, the vehicle that has captured my attention, as well as that of driving enthusiasts, is the GWM Tank 500. It has invaded Zimbabwe, courtesy of Zi...Published: 16 Aug 2024 at 13:31hrs | 10438 | by Andrew Muzamhindo
Old Mutual's O'mari launches home insurance solution
O'mari, the fintech subsidiary of Old Mutual Zimbabwe, has announced the launch of its new digital-first, low-cost home insurance product 'O'mari HomeCare', underwritten by Old Mutual Zimbabwe Insuran...Published: 15 Aug 2024 at 17:56hrs | 380 | by Simbarashe Sithole
Petrol and Diesel pump prices increase marginally
THE pump price of Petrol (E20) has increased by 1 cent to US$ 1,60/litre, while that of Diesel 50 has also increased by 1 cent to US$1,63/litreWith effect from 7 August, the Zimbabwe Energy Re...Published: 07 Aug 2024 at 14:25hrs | 363 | by Staff reporter
InDrive drivers cry foul over low fares in Bulawayo
InDrive drivers in Bulawayo have raised concerns about the rates set by the ride-hailing app, arguing that the current pricing model is unsustainable for their livelihoods.Drivers have highlig...Published: 01 Aug 2024 at 13:57hrs | 984 | by Staff reporter
Zimbabwe Central Bank says usage of ZiG has doubled
The use of Zimbabwe's bullion-backed currency has doubled since it was launched in early April, central bank Governor John Mushayavanhu told the country's Sunday Mail newspaper.The ZiG is now ...Published: 31 Jul 2024 at 07:07hrs | 915 | by Staff reporter
ZEC scandal gobbles USD100 million
The Zimbabwe Electoral Commission (Zec) tender scandal, initially estimated at US$40 million, has now ballooned to involve over US$100 million in public funds. This massive sum was misappropriated thr...Published: 10 Jul 2024 at 08:20hrs | 13 | by Staff reporter
Zimbabwe makes notable progress in Aids, malaria fight
Zimbabwe has shown notable progress in tackling major health challenges and stabilizing its economic environment, according to recent announcements by Information Minister Jenfan Muswere during a post...Published: 03 Jul 2024 at 13:57hrs | 17 | by Staff reporter
TelOne panics
TelOne Zimbabwe has partnered with Eutelsat OneWeb, a subsidiary of the French-based satellite operator Eutelsat Group, to strengthen its internet services ahead of the anticipated launch of Starlink ...Published: 02 Jul 2024 at 06:36hrs | 16 | by Staff reporter
Flimsy tactics to resist use of ZiG exposed
Some shops in Bulawayo are defying government regulations by exclusively trading in US dollars and South African rand, ignoring the Zimbabwe Gold (ZiG) currency, despite legal obligations under Statut...Published: 02 Jul 2024 at 06:29hrs | 1 | by Staff reporter
ZiG performance pleases RBZ, private sector leaders
Private sector leaders and the Reserve Bank of Zimbabwe (RBZ) have praised the performance of Zimbabwe's structured currency, the Zimbabwe Gold (ZiG), citing its stability and positive impact on price...Published: 28 Jun 2024 at 07:39hrs | 2 | by Staff reporter
Zimbabwe mining workers get US$3,55 salary increment
The National Employment Council (NEC) for the mining industry has approved a US$3.55 salary increment for mining workers for the July to December period, despite the high cost of living. This incremen...Published: 26 Jun 2024 at 07:22hrs | 5 | by Staff reporter
South African GNU and Zimbabwe economy
GNU as portfolio controlThis week, South Africa's President Cyril Ramaphosa was inaugurated for his second and last term in office under the current Constitution.What is now awaited is...Published: 22 Jun 2024 at 11:28hrs | 3 | by @Jamwanda2 on Saturday
Mnangagwa's wife cashes in on national dress
First Lady Auxillia Mnangagwa has reportedly been involved in profiting from the sales of Zimbabwe's national dress, a fabric she initiated and promoted, which has become ubiquitous at state and ZANU-...Published: 19 Jun 2024 at 07:37hrs | 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 | 4 | by Staff reporter
Chivayo hijacks US$40m corrupt ZEC deal
CONTROVERSIAL businessman Wicknell Chivayo, who is close to President Emmerson Mnangagwa and other high-profile government officials, corruptly got a windfall from a murky Zimbabwe Election Commission...Published: 28 May 2024 at 12:47hrs | 14 | by Staff reporter
Zimbabwe govt threatens to sanction businesses
The government has issued a warning to businesses found pricing their goods and services above the official exchange rate in a bid to stabilize the newly introduced currency, Zimbabwe Gold (ZiG)....Published: 28 May 2024 at 10:17hrs | 6 | by Staff reporter
Chivayo, ZPC in negotiations to revive Gwanda Solar project
The Zimbabwe Power Company (ZPC) and Intratrek Zimbabwe Pvt Ltd are negotiating to resume work on the proposed 100-megawatt Gwanda solar power facility, following a Supreme Court decision upholding th...Published: 25 May 2024 at 12:38hrs | 1 | by Staff reporter
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