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Mandatory radio licence risks fuelling Zimbabwe corruption
The recently enacted Broadcasting Services Amendment Act No. 2 of 2025, which makes it mandatory for all motorists to pay for a Zimbabwe Broadcasting Corporation (ZBC) radio licence before renewing ve...Published: 11 Jun 2025 at 09:11hrs | 882 | by Staff reporter
Econet completes network upgrade
Econet Wireless Zimbabwe has successfully completed its comprehensive network infrastructure modernisation programme, positioning the telecoms giant for a new era of digital innovation and growth. The...Published: 04 Jun 2025 at 09:45hrs | 747 | by Staff reporter
'Tsholotsho Gold Project has 1 million gold ounces potential'
United Kingdom-based mining company Ariana Resources Plc has announced that its flagship Dokwe Gold Project in Zimbabwe has the potential to yield more than one million ounces of gold, reinforcing inv...Published: 02 Jun 2025 at 18:40hrs | 660 | by Staff reporter
RBZ defends Zimbabwe forex surrender requirements
The Reserve Bank of Zimbabwe (RBZ) has reaffirmed the importance of current foreign exchange surrender requirements, emphasizing their critical role in supporting key economic sectors that lack direct...Published: 01 Jun 2025 at 14:37hrs | 1974 | by Staff reporter
Zimbabwe's platinum output to fall 4% in 2025
Zimbabwe's platinum production is projected to decline by 4% to 491,000 ounces in 2025, falling short of last year's record output, according to a new report from the World Platinum Investment Council...Published: 30 May 2025 at 13:31hrs | 558 | by Staff reporter
Pick n Pay writes off entire Zimbabwe investment
South African retail giant Pick n Pay Group Limited has reported an unrecognised loss of R51 million from its Zimbabwean associate, TM Supermarkets, for the 53 weeks ending March 2, 2025 - marking a d...Published: 30 May 2025 at 12:13hrs | 72411 | by Staff reporter
Steward Bank records 18% surge in US dollar deposits
Steward Bank has reported an 18% year-on-year increase in US dollar deposits, along with a boost in profitability, in a development seen as a strong vote of confidence in the bank's evolving strategy ...Published: 30 May 2025 at 12:10hrs | 86 | by Staff reporter
Zimbabwe telecom companies hike tariffs
Zimbabwe's major telecommunications companies have announced long-anticipated increases in the prices of voice, data, and SMS bundles following regulatory approval by the Postal and Telecommunications...Published: 21 May 2025 at 19:55hrs | 383 | by Staff reporter
Zimbabwe turns to cotton GMOs to reboot sector
Zimbabwe has embarked on a strategic initiative to assess the performance of genetically modified (GM) cotton varieties as part of efforts to revitalise its vital cotton industry - a corne...Published: 20 May 2025 at 09:56hrs | 61 | by Staff reporter
NMBZ finalises US$70m external credit lines
Zimbabwe Stock Exchange-listed financial services group NMBZ Holdings is on the verge of securing external lines of credit worth over US$70 million, as part of its broader strategy to unlock US$100 mi...Published: 19 May 2025 at 09:19hrs | 84 | by Staff reporter
Zimbabwe govt unveils agribusiness grants
The Zimbabwean government has launched a new initiative offering grants aimed at supporting the growth of the agribusiness sector, the Ministry of Lands, Agriculture, Fisheries, Water, and Rural Devel...Published: 01 May 2025 at 08:50hrs | 180 | by Staff reporter
Banks smile all the way to the bank, while depositors bear cost of high fees
Shareholders in Zimbabwe's banking sector are enjoying robust returns on their investments, as banks continue to post strong profits and declare sizeable dividends. However, concerns are mounting amon...Published: 13 Apr 2025 at 09:46hrs | 635 | by Staff reporter
Dairibord to start toll production in SA
Dairibord Holdings is set to expand its operations in the region to drive export growth, with South Africa as the immediate destination for a planned toll manufacturing project. The initiative is expe...Published: 02 Apr 2025 at 08:48hrs | 132 | by Staff reporter
Organisational consequences of non-compliance with Zimbabwe's Data Protection Regulations
Insurance, banks, mobile service providers, funeral assurance providers, in fact any company that stores personal data, the advent of the Cyber and Data Protection Act in Zimbabwe marks a significant ...Published: 13 Mar 2025 at 16:34hrs | 180 | by Jacob Kudzayi Mutisi
Modi takes over Choppies outlets
Retail chain operator Sai Mart, owned by Bulawayo businessman and legislator Raj Modi, has successfully acquired all former Choppies Zimbabwe outlets nationwide and is now embarking on an extensive re...Published: 10 Mar 2025 at 08:41hrs | 1698 | by Staff reporter
MTN earnings to plummet
MTN Group has issued a trading statement to shareholders, warning of a substantial decline in earnings for the year ending 31 December 2024. The telecommunications giant expects to report a more than ...Published: 27 Feb 2025 at 12:19hrs | 406 | by Staff reporter
Shunned by the West, Zimbabwe's UAE gamble hands economy a lifeline
Zimbabwean President Emmerson Mnangagwa's six years of wooing the United Arab Emirates has given a lifeline to a nation that the West has ostracised for a quarter century and is unable to repay its lo...Published: 06 Feb 2025 at 09:12hrs | 1321 | by Staff reporter
Zimbabwe's tax plan has informal traders tangled up
Mediline Sibanda opened her hairdressing business 13 years ago in Bulawayo's bustling central business district where she operates alongside other vendors and traders that are part of the country's th...Published: 20 Jan 2025 at 10:28hrs | 2087 | by Staff reporter
Zupco settles outstanding salaries
The Zimbabwe United Passengers Company (Zupco) has made significant progress in addressing its financial obligations to employees, paying three salary instalments in December 2024 as part of efforts t...Published: 05 Jan 2025 at 14:38hrs | 1850 | by Staff reporter
Mnangagwa launches historic land title deeds programme
President Emmerson Mnangagwa yesterday handed over the first batch of title deeds under the Land Tenure Implementation Programme, marking a historic milestone in the Second Republic's efforts to solid...Published: 21 Dec 2024 at 08:12hrs | 113 | by Staff reporter
Stanbic named best ovderall bank 2024
Harare, 17 December 2024 - Stanbic Bank Zimbabwe has been named the overall best performing bank at the Banks and Banking Survey Awards 2024 sponsored by First Capital Bank. Stanbic Bank has n...Published: 17 Dec 2024 at 09:15hrs | 468 | by Agencies
ZBC urged to build national consciousness
The recapitalisation of the Zimbabwe Broadcasting Corporation (ZBC) is essential for the national broadcaster to fulfill its mandate of fostering national consciousness and promoting heritage-based br...Published: 15 Dec 2024 at 09:13hrs | 150 | by Staff reporter
Chiwenga urges diamond value-addition to boost Zimbabwe exports
Vice-President Constantino Chiwenga has stressed the importance of value addition in Zimbabwe's diamond industry as a means to maximise export earnings and enhance the sector's contribution to the nat...Published: 13 Dec 2024 at 09:40hrs | 120 | by Staff reporter
RBZ deputy governor says Zimbabwe banking sector is resilient, stable
Reserve Bank of Zimbabwe (RBZ) Deputy Governor, Innocent Matshe, has highlighted the continued resilience and stability of the country's banking sector, despite facing challenges such as liquidity iss...Published: 13 Dec 2024 at 09:36hrs | 88 | by Staff reporter
Zupco workers to get their dues
Zimbabwe United Passengers Company (Zupco) CEO, George Chigora, has assured both current and former workers that the company is committed to settling outstanding salary payments before the festive sea...Published: 06 Dec 2024 at 06:38hrs | 891 | by Staff reporter
Cement imports threaten Zimbabwe's economy, warns PPC Zimbabwe
Zimbabwe risks losing approximately US$50 million annually in foreign currency if cement imports continue to flood the market, warns leading cement manufacturer Pretoria Portland Cement (PPC) Zimbabwe...Published: 02 Dec 2024 at 18:57hrs | 1241 | by Staff reporter
Choppies considers exiting Zimbabwe
Choppies Enterprises Limited has announced its intention to sell the business operations of its wholly-owned subsidiary, Nanavac (Pty) Ltd, trading as Choppies Zimbabwe, subject to discussions and reg...Published: 29 Nov 2024 at 18:26hrs | 6214 | by Staff reporter
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: 22 Nov 2024 at 17:18hrs | 3212 | by Staff reporter
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: 21 Nov 2024 at 06:35hrs | 1937 | 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 | 185 | 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 | 1178 | 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 | 207 | 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 | 193 | 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 | 614 | 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 | 1082 | 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 | 171 | 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 | 157 | 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 | 868 | 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 | 1737 | 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 | 256 | 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 | 1238 | 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 | 101 | 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 | 13 | 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 | 10 | 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 | 6 | 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 | 8 | 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 | 5 | 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 | 2 | 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 | 23 | by Staff Reporter
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