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Ecocash loses ZWG 148,7 million in conversion to new currency
Ecocash Holdings Zimbabwe Limited, a leading diversified digital solutions group, has reported a loss of ZWG 148.7 million following the transition to the newly introduced ZWG currency, which was intr...Published: 17 hrs ago | 685 | by Staff reporter
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
Ramaphosa, DA secret deal clinched before elections
The outspoken SACP general secretary, Solly Mapaila, says he stumbled upon credible intelligence way before the May 29 elections, exposing that the ANC secretly had a predetermined agenda to go into b...Published: 06 Nov 2024 at 09:26hrs | 1173 | by Staff reporter
CTC to investigate surge of counterfeit toothpaste in Zimbabwe
The Competition and Tariff Commission (CTC) has announced an investigation into reports of counterfeit toothpaste products flooding the Zimbabwean market, citing potential serious health risks to cons...Published: 18 Oct 2024 at 08:42hrs | 186 | by Staff reporter
Farmers4ED backs government's new land tenure policy
The ruling party's affiliate organization, Farmers for Economic Development (Farmers4ED), has expressed strong support for the Zimbabwean government's latest policy change, which allows beneficiaries ...Published: 13 Oct 2024 at 12:32hrs | 186 | by Staff reporter
Mnangagwa frets over resurgent black market
In his State of the Nation Address (SONA) delivered during the official opening of the second session of the 10th Parliament in Mt Hampden, President Emmerson Mnangagwa expressed deep concern over the...Published: 03 Oct 2024 at 08:58hrs | 610 | by Staff reporter
Mnangagwa warns forex dealers
In a bold move to stabilize the beleaguered Zimbabwe Gold (ZWG) currency, President Emmerson Mnangagwa announced on Wednesday that 50% of mining royalties will be allocated to bolster the currency's r...Published: 03 Oct 2024 at 08:58hrs | 1079 | by Staff reporter
Zimbabwe govt working on currency stability
In a comprehensive State of the Nation Address delivered yesterday at the new Parliament Building in Mt Hampden, President Emmerson Mnangagwa highlighted the government's ongoing efforts to stabilize ...Published: 03 Oct 2024 at 08:47hrs | 167 | by Staff reporter
Foreign mining companies should follow Zimbabwe laws
Foreign mining companies must ensure their operations in Zimbabwe benefit indigenous citizens, who are the rightful owners of the country's natural resources. This was the message from Remigious Matan...Published: 03 Oct 2024 at 08:40hrs | 152 | by Staff reporter
Stripping of hotel group's assets at African Sun?
African Sun, a leading hospitality group, has announced plans to divest the Great Zimbabwe Hotel in Masvingo and the Beitbridge Express Hotel to TD Hotels & Leisure (Private) Limited.In a ...Published: 09 Sep 2024 at 08:33hrs | 862 | by Staff reporter
Mnangagwa's govt accused of trying to capture 'Old Gwanda road' project
The Chief Executive Officer of Zwane Enterprise (Pvt) Limited, Engineer Bekithemba Mbambo, has voiced serious concerns over the final concession agreement for the US$110 million Old Gwanda Road constr...Published: 04 Sep 2024 at 15:12hrs | 1707 | by Staff reporter
On the Money: How Old Mutual is empowering Zimbabwe's farmers
As the Zimbabwe Agricultural Show kicks off under the theme "Cultivating Prosperity. Growing Business. Innovation for Change. Nurturing our Future," a critical component of this year's event is the fi...Published: 29 Aug 2024 at 15:55hrs | 235 | by Staff Reporter
Unilever pulling out of Zimbabwe after 80 years
Unilever, one of the world's leading consumer goods companies, is pulling out of Zimbabwe after 80 years of operation.The company, which had reaffirmed its long-term commitment to the country ...Published: 27 Aug 2024 at 11:21hrs | 1233 | by Staff reporter
Pedigree goat breeding boost for Matobo villagers
Matobo District, a semi-arid region with abundant acacia and mopane trees, has become an ideal area for commercial goat farming, particularly for breeding Boer, Savanna, and Kalahari goats. Th...Published: 20 Aug 2024 at 10:31hrs | 99 | by Staff reporter
Shortage of ZiG coins, notes affects Bulawayo vendors
Informal traders in Bulawayo are grappling with significant challenges due to the scarcity of Zimbabwe Gold (ZiG) notes and coins, which has severely impacted their ability to conduct business effecti...Published: 11 Jul 2024 at 07:26hrs | 11 | by Staff reporter
EcoCash to invest in banking technologies
EcoCash Holdings Zimbabwe Limited (EcoCash) plans to invest in technologies to expand its banking unit, Steward Bank, after transferring its fintech firms to Econet Wireless Zimbabwe. This move was ap...Published: 02 Jul 2024 at 11:16hrs | 7 | by Staff reporter
Zimbabwe in top five Bitcoin markets
Zimbabwe has emerged as one of the top five African nations embracing Bitcoin and other digital currencies, according to a report by Equity Axis. This finding coincides with recent efforts by Zimbabwe...Published: 30 Jun 2024 at 18:30hrs | 2 | by Staff reporter
Zulu Lithium successfully commissioned without Mnangagwa
Premier African Minerals Limited has successfully commissioned the Zulu Lithium Mine in Insiza District, Matabeleland South Province, producing 350 tonnes of spodumene concentrate in recent weeks....Published: 02 Jun 2024 at 09:06hrs | 6 | by Staff reporter
Plan to offer incentives to Zimbabweans in the diaspora
Efforts are underway to develop financial instruments that incentivize the diaspora community to invest back home, ensuring profitability and ease of investment. The Ministry of Foreign Affai...Published: 28 May 2024 at 09:39hrs | 2 | by Staff reporter
Zimplats shields US$1,8 billion expansion plan
PLATINUM giant Zimplats says the current cost-cutting initiatives aim to lessen the effect of budget cuts on its growth strategy, which includes a US$1,8 billion expansion programme.The compan...Published: 21 Mar 2024 at 08:46hrs | | by Staff reporter
Mnangagwa's Mutapa fund plots parastatals shake-up
The MUTAPA Investment Fund (MIF), previously criticized as a conduit for elite enrichment, has declared its commitment to establishing robust governance frameworks aimed at reining in reluctant State ...Published: 11 Mar 2024 at 04:57hrs | | by Staff reporter
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 | 10 | by Staff Reporter
Buy Zimbabwe lauds duty return on essential goods
Buy Zimbabwe has welcomed the Government's recent decision to reinstate import duties on essential goods as a positive development that will create a more level playing field for domestically produced...Published: 07 Feb 2024 at 04:40hrs | 1 | by Staff reporter
Buy Zimbabwe welcomes positive move on imports
BUY Zimbabwe has said the Government's recent decision to reinstate import duties on basic commodities was a progressive development that will contribute to a fairer competitive landscape for domestic...Published: 06 Feb 2024 at 17:49hrs | | by Staff reporter
Bolt launches services in Zimbabwe
Estonian e-taxi company Bolt has revealed plans to launch its ride-hailing services in Harare, Zimbabwe on Thursday, February 1, introducing more than 300 drivers prepared to offer their services. For...Published: 02 Feb 2024 at 09:22hrs | 49 | by Staff reporter
Zimbabwe forex policy chokes exporters
LISTED agricultural concern Ariston Holdings says the 25% export retention coupled with the huge disparity between the interbank exchange rate and the fair market rate used by suppliers is making some...Published: 31 Jan 2024 at 06:59hrs | 1 | by Staff reporter
Behind the Scenes: How money transfer businesses make money
In an era of global connectivity, the ability to transfer money across borders efficiently has become a crucial service. Whether supporting families, facilitating business transactions, or aiding in e...Published: 29 Dec 2023 at 20:50hrs | 14 | by Libz Mbanje
Our natural resources are our taxes
Dear Finance Minister, Prof Mthuli NcubeSurely, why the 1% property tax, let us tax our minerals. Zimbabwe is considered rich in minerals because it possesses significant quantities of v...Published: 09 Dec 2023 at 14:15hrs | 12 | by Engineer Jacob Kudzayi Mutisi
Innovative Ventures: Investing in Startups and High-Yield Bonds
High-risk investments often bear a striking resemblance to the world of casinos—a realm filled with the allure of great rewards and the ever-present risk of substantial losses. In this article, we'l...Published: 27 Nov 2023 at 12:32hrs | 14 | by Staff Reporter
All you need to know about bonuses and promotions at 1Win South Africa
Unlocking Rewards: A Comprehensive Guide to Bonuses at 1Win South Africa Embark on a journey to discover ...Published: 24 Nov 2023 at 13:19hrs | 1156 | by Staff Reporter
EcoCash overturns loss into profit
EcoCash Holdings Zimbabwe Limited (EHZL), a FINTECH company, successfully transformed its financial performance, turning a loss into a profit of ZWL$130.19 million after tax for the half-year ending A...Published: 13 Nov 2023 at 05:47hrs | 6 | by Staff reporter
10 entrepreneurs make innovation challenge final list
Ten budding young entrepreneurs have made it through to the incubation stage of the third edition of the Value Creation Challenge, after a record 533 applicants this year, organisers said.This...Published: 08 Nov 2023 at 14:20hrs | 14 | by Paul Ndou
Stanbic scoops three prestigious awards
Harare, 24 October 2023 - Stanbic Bank Zimbabwe scooped three prestigious awards - two at the Banks and Banking Survey sponsored by financial services institution, FCB and publishing company, Alpha Me...Published: 25 Oct 2023 at 20:39hrs | 5 | by Agencies
Caledonia Mining Corporation declares 14 cents dividend
Zimbabwe, October 2, 2023 - Caledonia Mining Corporation, a prominent global mining firm with operations in Zimbabwe, has declared a dividend of US$0.14 per share for the third quarter of its 2023 tra...Published: 03 Oct 2023 at 09:17hrs | 7 | by Staff Reporter
Masiyiwa's wife committing millions to supporting underprivileged people
MEET Tsitsi Masiyiwa; she is the wife of Zimbabwean billionaire Strive Masiyiwa as well as a philanthropist. Before her husband became a billionaire, they were almost penniless and went through a roug...Published: 02 Oct 2023 at 06:31hrs | 1 | by Staff reporter
Mnangagwa's Mutapa fiasco raises eyebrows
Observers have raised concerns over President Emmerson Mnangagwa's decision to transfer the shareholding of 20 state-owned companies to the renamed Mutapa Investment Fund (MIF) without parliamentary i...Published: 24 Sep 2023 at 09:09hrs | | by Staff reporter
PPC consolidates shareholding in Zimbabwe unit
Cement manufacturer PPC has increased its shareholding in its Zimbabwean unit to 90% by repurchasing shares previously held by various indigenisation parties. The shares were repurchased at a price of...Published: 21 Sep 2023 at 06:16hrs | 1 | by Staff reporter
Mnangagwa wants people to be served with humility
In his address to newly-elected Cabinet ministers, President Emmerson Mnangagwa emphasized the importance of humility and prioritizing the interests of the people over personal interests. He called fo...Published: 15 Sep 2023 at 06:29hrs | 1 | by Staff reporter
Former minister eyes Kwekwe mayor position
Former Minister of Health and Child Care, Dr. Henry Madzorera, took the oath as the ward 10 councillor in Kwekwe on Thursday under the banner of the Citizens’ Coalition for Change (CCC). With this s...Published: 11 Sep 2023 at 21:38hrs | | by Staff reporter
The Role of Machine Learning in Sports Betting Predictions
Sports betting is a form of entertainment that has been popular for centuries. In recent years, advances in machine learning technology have made it possible to use data and predictive algorithms to p...Published: 21 Aug 2023 at 15:07hrs | 14 | by Staff Reportrer
Nampak cashes in on Zimdollar scarcity
PACKAGING materials supplier Nampak Zimbabwe says it has benefited from improved United States dollar collections during the third quarter ended June 2023 on the back of constrained local currency liq...Published: 16 Aug 2023 at 06:48hrs | 8 | by Staff reporter
fastjet commits to Zimbabwe, regional connectivity
As the tourism sector improves following a decline between 2020 and 2022 due to the Covid-19 pandemic, airlines are beginning to record meaningful business. With Zimbabwe largely improving the ease of...Published: 07 Aug 2023 at 21:49hrs | 9 | by Staff reporter
NRZ gets US$115m loan to procure new locomotives, wagons
A NEW era is beckoning for the National Railways of Zimbabwe (NRZ), which is expected to tap into a US$115 million line of credit negotiated by the Government towards procurement of new locomotives an...Published: 25 Jul 2023 at 06:39hrs | | by Staff reporter
Unifreight eyes cross-border business
LISTED transport and logistics firm Unifreight Africa Limited has revealed plans to diversify and de-risk the business by actively pursuing cross-border and contract haulage.The company, which...Published: 12 Jul 2023 at 08:18hrs | | by Staff reporter
Multichoice believes Zimbabwe may prove a better market than Nigeria
Multichoice, which is banking on economic and monetary policy reforms in Nigeria to offset exchange rate losses, considers Zimbabwe an important market that is better than its West African counterpart...Published: 06 Jul 2023 at 09:17hrs | 1 | by Staff reporter
Zimbabwe's mobile network operators now frequently adjusting tariffs
ZIMBABWE'S mobile network operators have reviewed their tariffs in local Zimdollar currency as the sector battles to offset rising costs and maintain operations in the face of inflationary pressures t...Published: 25 Jun 2023 at 18:22hrs | 8 | by Staff reporter
Telcos hikes Zimdollar tariffs
ZIMBABWE'S mobile network operators have reviewed their tariffs in Zimdollar as the sector battles to offset rising costs and maintain operations in the face of inflationary pressures triggered by the...Published: 22 Jun 2023 at 06:43hrs | 1 | by Johannes Marisa
Econet pays $89bn in statutory obligations
ECONET Wireless Zimbabwe contributed $89 billion to the Government coffers through various statutory payments in the financial year ended 28 February 2023.The amount is a significant jump of 2...Published: 06 Jun 2023 at 06:21hrs | | by Staff reporter
Low tariffs chew into Econet earnings
ECONET Wireless Zimbabwe (EWZ) has posted a near $17 billion loss for the year ended February 28, 2023, owing to a 317,14% increase in exchange losses during the period as the local currency tumbled....Published: 01 Jun 2023 at 06:45hrs | | by Staff reporter
Power outages dent RioZim production
GOLD production at Cam & Motor Mine — one of RioZim Limited's flagship operations — increased 92% in the first quarter of this year on the back of the Biological Oxidation (BIOX) plant that ca...Published: 25 May 2023 at 06:27hrs | | by Staff reporter
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