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Zera urges motorists to sue contaminated fuel retailers
Motorists whose vehicles were damaged by contaminated fuel from blacklisted service stations may have legal grounds for compensation, according to the Zimbabwe Energy Regulatory Authority (Zera)....Published: 22 hrs ago | 41 | by Staff reporter
Zimbabwe to remove VAT on meat?
Zimbabwe is set to see price cuts on meat and poultry products following a recent policy change that eliminates Value Added Tax (VAT) on these items. This decision, confirmed by Finance Ministry perma...Published: 28 Aug 2024 at 13:31hrs | 524 | by Staff reporter
ZERA in nationwide clampdown on contaminated fuel suppliers
The Zimbabwe Energy Regulatory Authority (ZERA) has issued a strong warning to service stations selling contaminated fuel as part of its intensified quality monitoring and testing campaign across the ...Published: 28 Aug 2024 at 10:17hrs | 152 | 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 | 1229 | by Staff reporter
After ditching the dollar, Zimbabwe now rushing for it at a steeper cost
NEARLY five months after changing its currency to arrest inflation, Zimbabwe is back in familiar territory as the new local unit has started losing ground.The problem seems to be based on how ...Published: 26 Aug 2024 at 08:11hrs | 3908 | by Staff reporter
Zera sues 13 dealers over fuel contamination
Thirteen out of 155 fuel samples collected from retail sites across Zimbabwe were found to be contaminated or adulterated, falling below acceptable quality standards, according to a report by the Zimb...Published: 22 Aug 2024 at 07:05hrs | 256 | by Staff reporter
Miss South Africa Contestant Faces Identity Theft Allegations and Online Abuse
A major scandal has erupted in South Africa after Miss South Africa contestant Chidimma Adetshina withdrew from the competition amid allegations of identity theft involving her mother. The ...Published: 21 Aug 2024 at 16:51hrs | 888 | by Staff Reporter
Zimbabwe's ZERA wants to 'streamline' new fuel station licensing
Zimbabwe's energy regulator ZERA says it plans stricter regulations on the construction of fuel stations, The rising number of new petrol stations has raised safety concerns. In its qu...Published: 20 Aug 2024 at 12:59hrs | 1206 | by Staff reporter
Hichilema to hike Zambian electricity prices by 156%?
Zambia's energy regulator is considering an application from the state-owned power utility to increase electricity tariffs by as much as 156% as an emergency measure to cover drought-induced losses....Published: 19 Aug 2024 at 10:52hrs | 7889 | by Staff reporter
BCC, stakeholders clash over car park policy
The Bulawayo Car Park Association has urged the city council to review its policies on car parks to address inheritance issues following an owner's death. Chairperson Albert Sibanda highlighted this n...Published: 08 Aug 2024 at 07:54hrs | 536 | by Staff reporter
ZiG manipulators face stiff sentences
Cabinet considered the report on basic commodities prices and availability and issues constraining local industry as presented by the Honourable Vice President Gen (Rtd) Dr CGDN Chiwenga. On m...Published: 07 Aug 2024 at 11:24hrs | 360 | by Staff reporter
Chinese firm launches products in Zimbabwe
China-based company Okest Life Group has introduced its products in Zimbabwe, aiming to create job opportunities and boost the local economy. The company held its first provincial business presentatio...Published: 05 Aug 2024 at 07:01hrs | 341 | by Staff reporter
Standard Chartered Bank Zimbabwe changes name
FBC Holdings has officially renamed its newly acquired Standard Chartered Bank to FBC Crown Bank, according to regulatory authorities. FBC Crown Bank will function semi-autonomously as a subsi...Published: 04 Aug 2024 at 15:19hrs | 1133 | by Staff reporter
Zimbabwe shops continue to reject ZiG
The surge in black-market exchange rates, which peaked at US$1:25 ZiG, has led some businesses in Bulawayo to reject transactions in Zimbabwe Gold (ZiG), defying government directives. This defiance u...Published: 30 Jul 2024 at 07:39hrs | 1842 | by Staff reporter
Chikozho Bus Services owner commits suicide
On Wednesday afternoon, Alphabet Chikozho, a prominent businessman and bus operator, was found dead in his car on the Zvishavane-Masvingo highway. Chikozho, 60, is suspected to have taken his ...Published: 26 Jul 2024 at 14:26hrs | 3000 | by Staff reporter
Stanbic Bank expands its ATM network
Harare, 24 July 2024 - Stanbic Bank Zimbabwe has embarked on an exercise to expand its Automated Teller Machines (ATMs) in response to growing client demands.The move by the leading financial ...Published: 24 Jul 2024 at 09:01hrs | 340 | by Agencies
ZiG acceptance grows across Zimbabwe economy
The Reserve Bank of Zimbabwe (RBZ) has observed a growing acceptance of the local currency, ZiG, by both businesses and individuals, which aligns with the central bank's efforts to stabilize the econo...Published: 24 Jul 2024 at 08:54hrs | 2080 | by Staff reporter
Chivayo, Zec corruption scandal spreads to SA
A JOHANNESBURG printing firm and its agent are being investigated by Zimbabwe's anti-corruption authority for price gouging on election-related material and equipment.Zimbabwe is no stranger t...Published: 20 Jul 2024 at 14:48hrs | 1964 | by Staff reporter
Knorr recalls brown onion gravy sachets
Knorr is recalling its brown onion gravy sachets after manufacturers have discovered some packets may contain traces of cow's milk and soy.In a statement on Tuesday, Unilever said it recently ...Published: 16 Jul 2024 at 20:57hrs | 529 | by Staff reporter
Fire guts Topics building in Bindura
SEVERAL small retailers were left counting losses after a fire ripped through Topics Building in the Bindura Central Business District (CBD) on Saturday night.One person was injured and proper...Published: 14 Jul 2024 at 21:34hrs | 304 | by Staff Reporter
John II's mission impossible to save Zimbabwe economy clocks 100 days
Zimbabwe's new central bank Governor John Mushayavanhu has done the seemingly impossible in his first 100 days - created a stable currency and tamed price pressures in a nation that's been a poster-ch...Published: 08 Jul 2024 at 11:06hrs | 5 | by Staff reporter
ZiG helps maintain price stability in Zimbabwe
The price of basic commodities in Zimbabwe has remained stable in both ZiG and US dollar terms, with the local currency slightly appreciating against the US dollar due to government fiscal and monetar...Published: 03 Jul 2024 at 10:25hrs | 2 | 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
Tshabangu takes ZEC toilet scandal to Senate
Opposition senator Sengezo Tshabangu has demanded answers from the Finance Ministry on why Treasury went ahead to disburse US$9 million towards the procurement of portable toilets and vests from a Sou...Published: 01 Jul 2024 at 04:29hrs | 1 | by Staff reporter
Ignore the fart, Sing-PFee!
The recycled stories of reported Shona-Ndebele conflict are nothing more than a sponsored distraction from the real issues at hand. The real issue is the massive pillaging of national resources throug...Published: 01 Jul 2024 at 04:05hrs | 1 | by Dr. Raymond Chamba
Zimbabwe banks downplay ZWG shortages
Zimbabwe's banking sector has sought to downplay reports of severe liquidity shortages following the introduction of the new Zimbabwe Gold (ZWG) currency by the Reserve Bank of Zimbabwe (RBZ) on April...Published: 30 Jun 2024 at 18:32hrs | | by Staff reporter
Zimbabwe's daily fuel consumption reaches 5 million litres
Daily fuel demand in Zimbabwe has reached 5 million litres, with petrol accounting for 2 million litres and diesel for 3 million litres, according to Dr. Sosten Ziuku, director of energy conservation ...Published: 27 Jun 2024 at 06:44hrs | 13 | by Staff reporter
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?Ever since the Zimbabwe government announced a new currency on 5th April 2024, they have never ceased bragging over...Published: 26 Jun 2024 at 20:56hrs | 1 | by Tendai Ruben Mbofana
FIU targets informal sector ZiG manipulators
The Financial Intelligence Unit (FIU), part of the Reserve Bank of Zimbabwe (RBZ), is intensifying efforts against the informal sector to combat currency manipulation aimed at undermining the Zimbabwe...Published: 26 Jun 2024 at 07:14hrs | | by Staff reporter
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 | 1 | by Staff reporter
RBZ, kombi operators meet over change
The Reserve Bank of Zimbabwe (RBZ) has reported that despite releasing ZiG55 million in small notes and coins since April, the domestic market continues to experience a shortage of change. ...Published: 11 Jun 2024 at 05:45hrs | | by Staff reporter
Manufacturing sector on the rise in Zimbabwe
Zimbabwe's manufacturing sector is experiencing a significant resurgence, with capacity utilization surging to 53.2 percent, driven by growth in food, tobacco, cotton, leather, timber, furniture, phar...Published: 10 Jun 2024 at 14:03hrs | 262 | by Tonderai Ndoro
RBZ freezes 522 accounts for violating exchange control regulations
The Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) has frozen 522 bank accounts and fined 140 entities and individuals for violating exchange control regulations, as part of efforts to d...Published: 09 Jun 2024 at 09:08hrs | 1 | by Staff reporter
Dongfeng trucks enter Zimbabwe market
Dongfeng Trucks, a new entrant in the truck supplier market in Zimbabwe, made its debut at the ADMA AgriShow held at Art Farm in Pomona, Harare. This introduction comes through partnerships with major...Published: 30 May 2024 at 08:27hrs | 8 | by Staff reporter
Bakers Inn to build second plant in Bulawayo
Baker's Inn, a division of Victoria Falls Stock Exchange-listed Innscor Africa, is expanding its operations by adding a second plant to its Belmont factory in Bulawayo.The company recently com...Published: 22 May 2024 at 09:33hrs | 14 | by Staff reporter
Rejuvenating the Real Estate Market in Matabeleland, Zimbabwe: Strategies for Development and Competitiveness
Chief Real Estate Officer, Integrated Properties Zimbabwe, a nation with a storied history and a vibrant yet tumultuous economy, faces multifaceted chal...Published: 19 May 2024 at 20:58hrs | 6 | by Dr Bekithemba Mpofu
The journey of real estate investment trusts in Zimbabwe
In the dynamic and ever-evolving landscape of Zimbabwe's financial markets, real estate investment trusts (REITs) stand as formidable instruments for both capital growth and market participation....Published: 19 May 2024 at 15:39hrs | 18 | by Dr Bekithemba Mpofu
Zimbabwe's Ralph Mupita scoops top regional business award
Ralph Mupita, the Zimbabwean-born President and CEO of MTN Group, has been honored as CEO of the Year at the 2024 Africa CEO Forum.The prestigious award was presented to Mupita this week durin...Published: 19 May 2024 at 10:27hrs | 3 | by Staff reporter
Mnangagwa's govt to extend ZiG currency crackdown to shops
The government intends to expand its crackdown on street currency traders to include retailers, ensuring that goods and services are priced using only the official exchange rate of the new ZiG currenc...Published: 18 May 2024 at 12:38hrs | 6 | by Staff reporter
Zimbabwe spends US$40m on importing spaghetti
Zimbabwe's annual importation of approximately US$40 million worth of macaroni and spaghetti, primarily from Egypt, reflects the nation's sluggish industrialization progress. Despite pasta not being a...Published: 18 May 2024 at 11:55hrs | 22 | by Staff reporter
Zimbabweans being sold expired, underweight goods
Over a thousand businesses have been charged with selling expired and underweight goods, among other offenses, according to the Industry and Commerce Ministry.Most of the semi-formal shops wer...Published: 18 May 2024 at 10:55hrs | | by Staff reporter
Shopping Shock: Over a third of customers scammed on popular shopping sites across Europe and beyond
While price comparison sites are a popular tool for finding deals and secure retailers, a new study reveals a disturbing truth: online shopping might not be as safe as we think. According to the ...Published: 17 May 2024 at 12:14hrs | 29 | by Staff Reporter
RBZ is the problem not ZiG!
Before going to press on the Zimbabwe currency crisis, I had seven questions I wanted authoritatively answered. Professor Gift Mugano was the answer."Isn't he the one who is supposed to disapp...Published: 16 Apr 2024 at 17:58hrs | | by Kenneth Mufuka
RBZ governor to unpack MPS in Bulawayo
The Zimbabwe Independent, in partnership with the Reserve Bank of Zimbabwe (RBZ), will tomorrow host an event in Bulawayo to unpack the 2024 Monetary Policy Statement (MPS).Other partners incl...Published: 16 Apr 2024 at 07:58hrs | | by Staff reporter
'Increase in sugar prices unwarranted'
THE Confederation of Zimbabwe Retailers (CZR) has expressed concern over speculative pricing of sugar on the local market.In a statement yesterday, CZR president Denford Mutashu said the recen...Published: 12 Apr 2024 at 09:49hrs | | by Staff reporter
Zimbabwe banks, service providers successfully configure systems, processes to ZiG
OVER 90 percent of banking institutions and mobile bank service providers have successfully configured their systems and processes in line with the new monetary policy guidelines, paving the way for s...Published: 11 Apr 2024 at 08:39hrs | | by Staff reporter
RBZ pleads for ZiG acceptance as informal traders insist on US dollar
The Reserve Bank of Zimbabwe on Wednesday said the Zimbabwe dollar remains legal tender until April 30 following reports that informal traders are refusing to accept the currency for fear it will be w...Published: 10 Apr 2024 at 21:55hrs | | by Staff reporter
Zimbabwe's new ZiG currency strengthens on second day of trading
Zimbabwe's new gold-backed currency the ZiG strengthened a day after its debut, even as it roiled commerce nationwide as banks, retailers and utilities battled to switch to the new unit.It gai...Published: 10 Apr 2024 at 06:05hrs | 4 | by Staff reporter
Blitz exposes unregistered medicines
A JOINT operation between the Medicines Control Authority of Zimbabwe (MCAZ) and the police this week uncovered an illegal distribution network of unregistered and expired medicines including illicit ...Published: 10 Apr 2024 at 06:02hrs | | by Staff reporter
Zimdollar remains legal tender until month-end
The Zimbabwe dollar remains legal tender for all domestic transactions until April 30, when the Zimbabwe Gold (ZiG) notes and coins will come into circulation, the Reserve Bank of Zimbabwe (RBZ) has s...Published: 10 Apr 2024 at 06:02hrs | | by Staff reporter
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