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Shell companies siphon US$450m from Zimbabwe, SA
A network of 23 shell companies operating between Zimbabwe and South Africa has been implicated in laundering US$450 million through illicit financial flows (IFFs), part of an estimated US$3 billion i...Published: 20 hrs ago | 391 | by Staff reporter
Why Zimbabweans rue plan to ditch US dollar?
Zimbabwe's plans to drop the US dollar in five years is already causing jitters in an economy that has suffered nearly two decades of currency volatility and bouts of record hyperinflation.Har...Published: 14 Aug 2025 at 10:44hrs | 866 | by Staff reporter
UN calls on Zimbabwe to curb illicit financial flows
The United Nations resident and humanitarian coordinator in Zimbabwe, Edward Kallon, has urged the government to take urgent measures to curb illicit financial flows (IFFs), warning that billions of d...Published: 13 Aug 2025 at 08:49hrs | 197 | by Staff reporter
Lab-grown diamonds causing havoc
South Africa's cabinet has approved participation in an international effort to boost the marketing of real diamonds, responding to the increasing appeal of lab-grown gems and funded by a 1 percent le...Published: 11 Aug 2025 at 10:16hrs | 766 | by Staff reporter
Zimbabwe's BMA in fresh drive to ditch sugar tax
The Beverage Makers Association (BMA) has renewed calls for the complete removal of Zimbabwe's Sugar Tax, warning that the levy threatens jobs, reduces formal manufacturers' tax contributions, and ero...Published: 08 Aug 2025 at 08:42hrs | 183 | by Staff reporter
Forestry Commission regulatory weaknesses exposed
A report by Auditor-General Rheah Kujinga has exposed serious regulatory weaknesses at the Forestry Commission, revealing how poor oversight may be enabling trophy hunters to bypass state payments and...Published: 08 Aug 2025 at 08:21hrs | 99 | by Staff reporter
Mutsvangwa's half-truths and the need for fact-checking
Mutsvangwa was in his element with half-truths and mistruths, but the tragedy of it all is that no journalist held him to account or even fact checked some of the things he said.The needy and ...Published: 03 Aug 2025 at 15:11hrs | 510 | by Nqaba Matshazi
Marange communities protest ZCDC retrenchments
Communities in Zimbabwe's diamond-rich Marange fields have launched a rare protest against the state-owned Zimbabwe Consolidated Diamond Company (ZCDC), demanding an immediate halt to a retrenchment e...Published: 01 Aug 2025 at 13:06hrs | 476 | by Staff reporter
Mthuli Ncube admits economy chaos
The government has admitted that companies in Zimbabwe often make more money operating outside the law than when complying with regulations, in a rare acknowledgement of a system that punishes honesty...Published: 01 Aug 2025 at 09:12hrs | 630 | by Staff reporter
Mthuli Ncube commits to easing business costs
Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, delivered the 2025 Mid Term Budget Review Statement on Thursday, affirming Zimbabwe's economic recovery whil...Published: 01 Aug 2025 at 08:43hrs | 162 | by Staff reporter
Zimbabwe miners weather power crisis
Zimbabwe's mining industry says it has largely been shielded from the worst of the country's electricity shortages thanks to a targeted power rationing strategy that prioritises the sector. But operat...Published: 01 Aug 2025 at 08:33hrs | 202 | by Staff reporter
Mthuli Ncube declares surplus despite only 35% of budget spent
Finance and Economic Development Minister Mthuli Ncube on Thursday declared a budget surplus of ZWG3.3 billion for the first half of 2025, despite revealing that just 35.5% of the approved National Bu...Published: 31 Jul 2025 at 15:46hrs | 266 | by Staff reporter
Constantine Chiwenga: get lost!
Mrs. Merry Chiwenga is a victim of Zanu PF dirty politics. The young woman was used to the point of becoming mad. She is accused of trying to murder Chiwenga: question is, who gave Merry orders to tem...Published: 29 Jul 2025 at 20:47hrs | 2025 | by Nomazulu Thata
Cash flow constraints hamper devolution funding
Finance Minister Professor Mthuli Ncube has attributed the government's failure to meet the constitutionally mandated five percent allocation of national revenue towards devolution to cash flow constr...Published: 29 Jul 2025 at 18:29hrs | 162 | by Staff reporter
Delta Corporation faces labour challenges in South Africa
Zimbabwean beverage giant, Delta Corporation, is experiencing contrasting fortunes in its regional markets after it battled labour disruptions in South Africa and recorded brisk business for its lager...Published: 29 Jul 2025 at 08:54hrs | 422 | by Staff reporter
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Cecil the Lion's legacy, a decade of debate
A decade after the killing of Cecil the lion ignited global outrage and placed Zimbabwe's trophy hunting industry under the spotlight, the country remains at the centre of a complex debate pitting int...Published: 26 Jul 2025 at 11:30hrs | 335 | by Staff reporter
If Regimond Tagwirei became President, he will not steal much!
Stealing revenues in national coffers will continue if Ambassador Christopher Mutsvangwa became president. It is not the same if Regimond Tagwirei: In Zambia looting became a thing of the past when Ha...Published: 25 Jul 2025 at 16:07hrs | 539 | by Nomazulu Thata
IMF sees signs of recovery in Zimbabwe
Zimbabwe is showing early signs of economic recovery and macroeconomic stabilization, buoyed by recent policy reforms and improved fiscal management, according to the International Monetary Fund (IMF)...Published: 24 Jul 2025 at 16:53hrs | 821 | by Staff reporter
Edgars Zimbabwe customers seek longer payment plans
Clothing retailer Edgars Stores Limited says more of its customers are increasingly requesting longer payment periods of up to nine months to settle their clothing purchases, a clear reflection of the...Published: 21 Jul 2025 at 12:27hrs | 279 | by Staff reporter
Zinara starts enforcing radio licence requirement
The controversial Broadcasting Services Amendment Act of 2025 has officially come into effect and is now being enforced by the Zimbabwe National Road Authority (ZINARA), sparking ...Published: 15 Jul 2025 at 21:57hrs | 553 | by Staff reporter
Zimbabwe eyes price relief towards end of 2025
After years of persistent inflationary pressures, Zimbabwe is approaching the latter half of 2025 with cautious optimism, as recent economic indicators and government policy measu...Published: 15 Jul 2025 at 21:56hrs | 446 | by Staff reporter
Police officers in uniform banned from betting shops
Police officers in uniform are strictly prohibited from entering betting shops or gambling in casinos in Zimbabwe, national police spokesperson Commissioner Paul Nyathi has ...Published: 14 Jul 2025 at 07:58hrs | 600 | by Staff reporter
Ex-Nigerian president dies at a clinic in London
Muhammadu Buhari, a former Nigerian military ruler who went on to become the nation's first opposition candidate to win a presidential election, has died. He was 82.Buhari died on Sunday after...Published: 13 Jul 2025 at 21:12hrs | 1087 | by Staff reporter
State diamond firm lays off hundreds to avoid collapse
Zimbabwe's state-controlled diamond miner, the Zimbabwe Consolidated Diamond Company (ZCDC), has launched a major retrenchment exercise in a desperate bid to stave off collapse, following a brutal cra...Published: 13 Jul 2025 at 11:08hrs | 171 | by Staff reporter
Zimbabwean man who controlled the development of Microsoft Windows
Zimbabwean-born Paul Maritz discovered his passion for computers at a South African university and became one of Microsoft's core executives, directing much of the early development of Windows....Published: 10 Jul 2025 at 13:04hrs | 654 | by Staff reporter
Crackdown on cigarettes smuggling continues between SA and Zimbabwe
Security agencies from South Africa and Zimbabwe are intensifying their efforts to combat the smuggling of cigarettes between the two countries, a trade that is significantly undermining revenue colle...Published: 10 Jul 2025 at 09:05hrs | 161 | by Staff reporter
Zimbabwe now 5th largest economy in Sadc
Zimbabwe has become the fifth-largest economy in Southern Africa following a major upward revision of its Gross Domestic Product (GDP), reflecting the inclusion of previously unrecorded economic activ...Published: 10 Jul 2025 at 08:58hrs | 313 | by Staff reporter
Zimbabwean consumer sector poised for improvement
An uplift in volumes has been projected for Zimbabwean consumer companies despite rising cost structures, a volatile policy and monetary environment as well as higher taxation, say analysts at IH Secu...Published: 07 Jul 2025 at 08:57hrs | 123 | by Staff reporter
'Zimbabwe losing billions in tax revenue to informal sector'
Zimbabwe is losing between US$7.5 billion and US$8 billion in potential tax revenue every year due to the dominance of its informal sector, according to new estimates by the African Development Bank (...Published: 04 Jul 2025 at 14:22hrs | 206 | by Staff reporter
Zimbabwe govt owes SeedCo US$40m
Seed Co Limited is reeling from a severe liquidity crisis after the government, its biggest shareholder, failed to pay a staggering US$40 million for seed deliveries made over the past 18 months, the ...Published: 04 Jul 2025 at 12:38hrs | 202 | by Staff reporter
First Mutual Holdings suffers US$27 million loss
Financial services group First Mutual Holdings Limited (FMHL) has reported a significant after-tax loss of US$27.11 million for the financial year ended December 31, 2024, reversing the previous year'...Published: 02 Jul 2025 at 12:05hrs | 229 | by Staff reporter
Failure to invest in youth sexual health could cost Zimbabwe $3.6bn
A new report by UNAIDS reveals that Zimbabwe stands to save billions of dollars by investing in sexual and reproductive health and rights (SRHR) services targeted at young people. The study, titled Th...Published: 30 Jun 2025 at 18:36hrs | 189 | by Staff reporter
ZERA defends US$191,000 IT equipment purchase
Postal, courier volumes decline 4%MidweekThe Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has released its abridged sector performance report for the first quarter o...Published: 29 Jun 2025 at 18:57hrs | 161 | by Staff reporter
Zimbabwe Parliament demands removal of punitive taxes
Parliament has sharply escalated pressure on Treasury to urgently scrap punitive taxes, including the highly contentious 2% Intermediated Money Transfer Tax (IMTT), by August 31, 2025, in a bid to hal...Published: 26 Jun 2025 at 11:25hrs | 1732 | by Staff reporter
Growth prospects shine in Zimbabwe's construction markets
Construction markets in Zimbabwe and South Africa are expected to maintain a strong growth trajectory, creating favorable conditions for companies like PPC to enhance their competitiveness against imp...Published: 26 Jun 2025 at 09:17hrs | 166 | by Staff reporter
Manicaland mining communities demand fair benefits
Mining communities across Manicaland Province have intensified calls for local policies that prioritise their welfare and ensure they derive tangible benefits from the extraction of the region's rich ...Published: 23 Jun 2025 at 11:02hrs | 42 | by Staff reporter
The death of an African President: Advocate Edgar Lungu!
The philosophy of Ubuntu will not allow me to talk about former President Edgar Lungu using outdoor language. Africa is rid of a ruler that destroyed the image of the African continent; we are yet to ...Published: 23 Jun 2025 at 10:48hrs | 498 | by Nomazulu Thata
Harare's disappearing hills
From a distance, the jagged ridgelines cutting across parts of Harare might appear to be natural geological remnants — monuments of the city's ancient terrain. But up close, these formations tell a ...Published: 22 Jun 2025 at 10:58hrs | 838 | by Staff reporter
Zimbabwe's Health Ministry details use of sugar tax revenue
The Ministry of Health and Child Care has broken its silence on the use of sugar tax revenues, providing an official account of funds received from the Treasury and how they have been allocated toward...Published: 22 Jun 2025 at 09:12hrs | 105 | by Staff reporter
Lake Kariba black market fish trade fuels illicit financial flow
A booming black market fish trade along Lake Kariba, driven by the illegal use of cheap twine nets, is undermining Zimbabwe's formal fishing economy and fuelling millions of dollars in illicit financi...Published: 22 Jun 2025 at 09:08hrs | 218 | by Staff reporter
Zimbabwe's mobile network operators hit by currency woes
Zimbabwe's mobile network operators (MNOs) are reeling from a sharp decline in profitability, with spiralling costs and exchange rate volatility emerging as key culprits, according to a new industry r...Published: 22 Jun 2025 at 09:07hrs | 116 | by Staff reporter
Tax evasion bleeds Zimbabwe economy
Humanitarian organisation ActionAid Zimbabwe has expressed deep concern over the rampant levels of tax evasion in the country, warning that this undermines the pool of funds available for national dev...Published: 21 Jun 2025 at 09:44hrs | 89 | by Staff reporter
Job losses plague Zimbabwe's retail, mining sectors
Zimbabwe is facing a deepening employment crisis, with thousands of workers losing their jobs across the retail and mining sectors, as worsening power shortages, policy inconsistencies, and a sluggish...Published: 20 Jun 2025 at 17:31hrs | 99 | by Staff reporter
Secondary Revenues from Sporting Events in Africa
Sporting events across Africa do more than fill stadiums. They create additional economic activity that touches tourism, retail, digital services, and hospitality. This type of income, called secondar...Published: 17 Jun 2025 at 23:22hrs | 125 | by Staff Reporter
City of Harare launches crackdown on business by-laws compliance
The City of Harare has initiated a rigorous enforcement campaign to ensure all businesses operating within the Central Business District (CBD), industrial areas, and suburbs fully comply with relevant...Published: 13 Jun 2025 at 06:29hrs | 514 | by Staff reporter
ZiG ranked second worst performing currency
In a stark contrast of fortunes, Ghana's Cedi has emerged as the world's strongest-performing currency in 2025, gaining nearly 50% against the United States dollar, while Zimbabwe's Zimbabwe Gol...Published: 11 Jun 2025 at 11:26hrs | 1055 | by Staff reporyter
Zimbabwe to ban export of lithium concentrates
Zimbabwe will prohibit the export of lithium concentrates starting January 2027, as part of government efforts to compel foreign mining companies to establish processing and refining facilities within...Published: 11 Jun 2025 at 08:41hrs | 228 | by Staff reporter
Tensions rise in Matebeleland North
Tensions are escalating within Matebeleland North's lucrative safari hunting sector amid allegations that the Forestry Commission has been leasing prime state-owned properties through backdoor deals f...Published: 08 Jun 2025 at 12:03hrs | 154 | by Staff reporter
Refineries under threat as RBZ gulps more forex
Zimbabwe's biggest mining companies have sounded alarm bells over the potential suspension of crucial expansion projects - including refineries valued at over US$432 million - following the Reserve Ba...Published: 30 May 2025 at 12:18hrs | 654 | by Staff reporter
Zimbabwe to benefit from surge in remittances
Zimbabwe stands to gain significantly from a projected surge in remittance inflows into Africa, with the African Development Bank (AfDB) forecasting that the continent will receive US$100 billion in r...Published: 30 May 2025 at 08:58hrs | 131 | by Staff reporter
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