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Choppies exits Zimbabwe with US$1 million loss
Botswana-based retail giant Choppies Enterprises Limited has confirmed it incurred a loss of P14 million (approximately US$1.02 million) following the disposal of its Zimbabwean operations in December...Published: 6 hrs ago | 368 | by Staff reportetr
NetOne expands OneMoney to boost rural financial inclusion
One of Zimbabwe's largest mobile network providers, NetOne, is ramping up its financial inclusion efforts by expanding its OneMoney agent network and increasing remittance partnerships in rural areas....Published: 02 Apr 2025 at 15:51hrs | 161 | by Staff reporter
Bulawayo Investment Indaba kicks off
BULAWAYO Investment Indaba has started at a local hotel where industry experts gather to deliberate on different investment issues.The two-day event will bring together key stakeholders, inclu...Published: 02 Apr 2025 at 10:14hrs | 97 | by Staff reporter
Tagwirei to headline Bulawayo Metropolitan investment indaba
Sakunda Holdings CEO, Kudakwashe Tagwirei, is set to headline the much-anticipated Bulawayo Metropolitan Provincial Investment Indaba, a two-day event scheduled to begin on Wednesday.The event...Published: 02 Apr 2025 at 08:53hrs | 83 | by Staff reporter
RBZ to swoop on currency hoarders
The Reserve Bank of Zimbabwe (RBZ) is set to crack down on businesses and individuals hoarding money in cash deposit boxes at banks, homes, and business premises. Authorities are concerned that such p...Published: 02 Apr 2025 at 08:47hrs | 547 | by Staff reporter
War veterans faction condemn planned protests
The leadership of Zimbabwe's war veterans has strongly condemned Monday's unsanctioned protests, branding them as reckless and a potential trigger for violence. In a stern warning to instigators, the ...Published: 29 Mar 2025 at 08:24hrs | 216 | by Staff reporter
Zimbabwe govt workers moonlight as street vendors
Every morning, Dumisani Ngara* gets up at dawn to catch a 6:30am bus to work at Zimbabwe's Ministry of National Housing and Social Amenities. The government-provided bus is free for civil servants in ...Published: 28 Mar 2025 at 12:41hrs | 1122 | by Staff reporter
Zimbabwe may scrap US$ for local transactions without notice
The government has warned that it may scrap the United States dollar for local transactions without notice in a bid to enforce acceptance of the Zimbabwe Gold (ZiG) currency.The ZiG was introd...Published: 22 Mar 2025 at 12:12hrs | 29624 | by Staff reporter
Informal traders urged to keep import documents
Informal traders affected by the Zimbabwe Revenue Authority (ZIMRA)'s anti-smuggling blitz have been advised to maintain proper documentation of imported goods to facilitate easier verification and sm...Published: 21 Mar 2025 at 09:17hrs | 402 | by Staff reporter
OK Zimbabwe reverses Bulawayo branch closure decision
Retail giant OK Zimbabwe is set to reopen its Entumbane branch, which was closed earlier this year, with a new business model that converts the outlet into a wholesale facility with lower operating co...Published: 21 Mar 2025 at 09:14hrs | 402 | by Staff reporter
Zim SMEs target technological transfer from India, cut import bill
The Zimbabwe Chamber of Small to Medium-sized Enterprises (SMEs) has promised to invest in technology transfer, invest in the manufacturing sector and cut spending much on imports through their sector...Published: 18 Mar 2025 at 18:17hrs | 218 | by Gideon Madzikatidze/Simbarashe Sithole
Zimbabwe to slash taxes and fees
The Zimbabwean government has announced plans to implement significant reductions in taxes and regulatory fees over the next six months as part of efforts to enhance the ease of doing business and att...Published: 16 Mar 2025 at 09:20hrs | 342 | by Staff reporter
Bombshell fires up Zimbabwe's succession battle
It was a war veteran and senior Zanu-PF member named Blessed Geza, also known as "Bombshell", who launched a verbal offensive against Mnangagwa.A long convoy of armoured personnel tanks rollin...Published: 13 Mar 2025 at 07:16hrs | 3820 | by Staff reporter
Leadership changes sweep through Zim's corporate landscape
A wave of leadership changes has swept through several listed companies in recent weeks, marking a significant shift in the corporate landscape. Notable companies such as OK Zimbabwe, Econet Wireless,...Published: 11 Mar 2025 at 11:30hrs | 631 | by Tonderai Ndoro
Zimra shuts down Unity Village Flea Market in Bulawayo
The Zimbabwe Revenue Authority (ZIMRA) has locked up Unity Village Flea Market in Bulawayo as part of a nationwide crackdown on smuggled goods and counterfeit products. The move is part of ZIMRA's eff...Published: 10 Mar 2025 at 15:42hrs | 2313 | by Staff reporter
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 | 1684 | by Staff reporter
Tagwirei linked wealth managers in OK shares buying spree
Akribos Wealth Managers, a prominent asset management firm with connections to local businessman Kuda Tagwirei, has made a major splash in the Zimbabwean stock market by purchasing a combined 16,338,2...Published: 03 Mar 2025 at 13:03hrs | 12349 | by Staff reporter
Funds embezzlement scandal at Khumalo Primary School
Khumalo Primary School headmistress Stella Mhlanga and two other school officials are facing allegations of embezzling US$12,000 from the school's funds through under-banking and other fraudulent acti...Published: 27 Feb 2025 at 11:43hrs | 1405 | by Stephen Jakes
Zimbabwe inflation in major downtrend
Zimbabwe's inflation rate experienced a notable downturn in February, decreasing by 10 percentage points to 0.5 percent, signaling progress toward long-term economic stability and price predictability...Published: 27 Feb 2025 at 11:02hrs | 220 | by Staff reporter
OK Zimbabwe's poor performing executives fired on the spot
Veteran business executive Mr. Willard Zireva has returned as the Chief Executive Officer (CEO) of OK Zimbabwe, one of the country's largest retail chains. Zireva, who previously led the company from ...Published: 26 Feb 2025 at 11:58hrs | 786 | by Staff reporter
'Half of stock sold in Zimbabwean tuck shops are fake goods'
Nearly 50 percent of groceries seized from tuck shops and vending stalls during Zimbabwe's ongoing crackdown on counterfeit and smuggled goods have been tested and found to be fake and potentially haz...Published: 26 Feb 2025 at 08:07hrs | 735 | by Staff reporter
Zimbabwe among Africa's fastest-growing economies in 2025
Zimbabwe is expected to be one of Africa's fastest-growing economies this year, with the African Development Bank (AfDB) forecasting a 5.3 percent growth rate.This strong projection is slightl...Published: 26 Feb 2025 at 07:42hrs | 375 | by Staff reporter
Avocado exports spur Tanganda revenue
Listed tea producer, packer, and distributor, Tanganda Tea Company (TTC), reported a revenue increase to US$25.7 million for the financial year ended September 30, 2024, primarily driven by strong avo...Published: 25 Feb 2025 at 07:05hrs | 543 | by Staff reporter
ED2030 Brigade pushes for Mnangagwa's extended
The ED2030 brigade took its campaign to Bulawayo on National Youth Day last Friday, where supporters sang "2030 ndeya Emmerson," reinforcing a push for President Emmerson Mnangagwa to extend his tenur...Published: 24 Feb 2025 at 09:01hrs | 760 | by Staff reporter
Zimbabwe govt moves to directly procure fuel
The Zimbabwean government intends to directly procure fuel for its own use and key economic sectors to lower costs and enhance competitiveness, Energy and Power Development Minister July Moyo has anno...Published: 22 Feb 2025 at 09:23hrs | 857 | by Staff reporter
OK Zimbabwe begins restocking after weeks of empty shelves
Troubled retailer OK Zimbabwe has announced that it has started restocking its outlets following weeks of empty shelves and temporary closures due to macroeconomic challenges, particularly exchange ra...Published: 17 Feb 2025 at 12:37hrs | 1672 | by Staff reporter
Mphoko's son moves to block Choppies sale to Raji Modi
Siqokoqela Mphoko, son of the late former Vice President Phelekezela Mphoko, has filed an urgent chamber application seeking to prevent the sale of Choppies Zimbabwe to Bulawayo businessman and Deputy...Published: 16 Feb 2025 at 16:42hrs | 1950 | by Staff reporter
The push for Mnangagwa's term extension is a threat to national unity and development
In recent years, President Emmerson Mnangagwa has repeatedly called for unity among Zimbabweans. On paper, this is a noble and constructive appeal. A united nation, working collectivel...Published: 14 Feb 2025 at 12:09hrs | 549 | by Tendai Ruben Mbofana
'Bombshell' Geza intensifies his efforts to derail the ED2030 project
Tensions are running high within the ruling Zanu-PF party as central committee member and outspoken war veteran Blessed "Bombshell" Geza intensifies his efforts to derail the ED2030 project, aimed at ...Published: 14 Feb 2025 at 06:08hrs | 2111 | by Staff reporter
Zimbabwe govt makes electronic money usage compulsory for businesses
The Zimbabwean Cabinet has approved the compulsory use of electronic money by all businesses in a bid to formalize the country's largely informal economy and enhance fiscal revenue collection. The mov...Published: 12 Feb 2025 at 06:40hrs | 652 | by Staff reporter
South Africans kiss Pick n Pay stores goodbye
South Africa's Pick n Pay retailer is facing mounting challenges as it continues to shut down both company-owned and franchise stores across the country, with many South Africans bidding farewell to t...Published: 11 Feb 2025 at 10:05hrs | 6459 | by Staff reporter
I'm not prepared to continue suffering until 2030!
Zimbabwe, under President Emmerson Mnangagwa, has sank deeper into poverty.Granted, when President Emmerson Mnangagwa took power in November 2017 through a military coup, Zimbabwe was already ...Published: 10 Feb 2025 at 22:56hrs | 1164 | by Tendai Ruben Mbofana
Zimbabwe central bank speaks on retailers
The Reserve Bank of Zimbabwe (RBZ) has dismissed claims by registered retailers that the country's economic environment is to blame for their operational challenges, pointing instead to gross mismanag...Published: 08 Feb 2025 at 12:30hrs | 183 | by Staff reporter
Zimbabwe raises savings rates, cuts POS charges
The Reserve Bank of Zimbabwe (RBZ) has introduced a series of bold monetary policy measures aimed at promoting the use of the Zimbabwe Gold (ZiG) currency and enhancing economic stability. These measu...Published: 07 Feb 2025 at 06:35hrs | 392 | by Staff reporter
Zimbabwe central bank cuts exporter retention threshold
The Reserve Bank of Zimbabwe (RBZ) has reduced exporters' foreign currency retention threshold from 75% to 70% as part of efforts to promote the use of the domestic currency, the Zimbabwe Gold (ZiG), ...Published: 07 Feb 2025 at 06:34hrs | 164 | by Staff reporter
Zimbabwe's retail sector faces crisis
Zimbabwe's retail sector is in crisis, with more than 1,000 jobs lost so far this year due to an escalating economic downturn, as several key players signal their intention to exit the market. Regiona...Published: 06 Feb 2025 at 09:11hrs | 1503 | by Staff reporter
Mnangagwa returns with battered image?
President Emmerson Mnangagwa has officially returned to active duty after his annual leave, but his comeback is marred by intense political and economic turbulence. While Mnangagwa was on leave, Vice ...Published: 05 Feb 2025 at 12:11hrs | 1657 | by Staff reporter
Mnangagwa returns from annual leave
President Emmerson Mnangagwa has officially resumed his duties after a month-long annual leave, with a clear focus on addressing Zimbabwe's economic growth and stability. Deputy Chief Secretary in the...Published: 05 Feb 2025 at 11:46hrs | 81 | by Staff reporter
The futility of Zimbabwe's crackdown on the informal sector
The Zimbabwean government has once again embarked on a futile mission to regulate the informal sector, a behemoth that has long outgrown the state's capacity to control it.In a desperate bid t...Published: 01 Feb 2025 at 21:32hrs | 1034 | by Tendai Ruben Mbofana
Zimbabwe's retail sector crisis worsens as shops continue closing
Zimbabwe's retail sector is facing an unprecedented crisis, with several major retailers and wholesalers forced to close branches amid a series of economic challenges. This Thursday, President Emmerso...Published: 01 Feb 2025 at 08:57hrs | 2038 | by Staff reporter
Zimbabwe tightens noose on informal sector
The government has announced stringent measures aimed at protecting the formal sector from what it describes as unfair competition posed by informal traders.In a statement released on Friday f...Published: 01 Feb 2025 at 08:56hrs | 641 | by Staff reporter
Time ticking out for Mnangagwa
2025 is going to be a very busy year in Zimbabwe politically, socially, and economically.There are really fundamental concerns that are gaining centre stage in the political sector, to be spec...Published: 31 Jan 2025 at 16:08hrs | 2185 | by Leonard Koni
Tuckshops challenge Zimbabwe's retail giants
A quiet but dramatic shift is unfolding in Zimbabwe's retail sector as large supermarket chains struggle against the rise of informal tuckshops. Established brands such as OK Zimbabwe, Spar, and Chopp...Published: 31 Jan 2025 at 07:31hrs | 560 | by Staff reporter
Varun Beverages brings PepsiCo snacks to Zimbabwe
Varun Beverages Limited will start distributing PepsiCo snacks in Zimbabwe and Zambia from next week, with plans to begin local manufacturing when its production plant comes online in October this yea...Published: 31 Jan 2025 at 07:26hrs | 377 | by Staff reporter
Tributes pour in for Zvikomborero Sibanda
Tributes continue to flood in following the passing of Zvikomborero Sibanda, a former ZBCtv news anchor and long-time media personality, who passed away today at the age of 46 in her Bulawayo home tow...Published: 30 Jan 2025 at 22:02hrs | 1197 | by Staff reporter
Zimbabwe economy implodes
Analysts and opposition political parties have raised alarm over a surge in job losses as companies downsize or shut down due to the prevailing tough economic environment in Zimbabwe. The formal retai...Published: 29 Jan 2025 at 08:49hrs | 1346 | by Staff reporter
ZIMRA warned against intensified anti-smuggling campaign
Experts in the retail sector have called for caution in the government's ongoing anti-smuggling campaign, warning that its current trajectory may lead to sharp increases in the prices of basic commodi...Published: 28 Jan 2025 at 07:07hrs | 1447 | by Staff reporter
Harare retail outlets resemble deserted ruins after war on smuggling
Retail outlets across Harare are increasingly resembling deserted ruins, offering a stark reflection of Zimbabwe's worsening economic conditions. As the country grapples with ongoing economic shocks, ...Published: 28 Jan 2025 at 07:06hrs | 1078 | by Staff reporter
Zimbabwe govt tightens screws on smuggling rings
The Zimbabwean government has intensified its efforts to combat smuggling with the introduction of new regulations targeting 19 categories of goods often brought into the country illegally. The measur...Published: 28 Jan 2025 at 07:00hrs | 202 | by Staff reporter
Zimbabwe's retail sector faces collapse
The Confederation of Zimbabwe Retailers (CZR) has expressed grave concerns over the critical state of the country's formal retail and wholesale sector, following the closure of key retail outlets and ...Published: 27 Jan 2025 at 08:16hrs | 384 | by Staff reporter
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