Search / Revenues
Zimbabwe's gold output surges 33%
Zimbabwe's gold production surged by 33 percent in the third quarter of 2024, with output rising to 10.3 tonnes, compared to 7.7 tonnes in the previous quarter, according to official data from Fidelit...Published: 30 Oct 2024 at 07:53hrs | 144 | by Staff reporter
Botswana vote shaken up by angry ex-president
Botswana holds a presidential election on Wednesday energised by a campaign by one previous head-of-state to unseat his handpicked successor whose first term has seen rising discontent amid a downturn...Published: 29 Oct 2024 at 09:21hrs | 3290 | by AFP
Zimbabwe's Dinson's steel plant reaches 60% production capacity
The Dinson Iron and Steel Company's US$1.5 billion steel plant in Manhize, Midlands Province, has achieved 60% capacity utilization since starting production in July 2024. The plant, touted as Africa'...Published: 24 Oct 2024 at 13:13hrs | 744 | by Staff reporter
Call for reparations: A mere excuse by failed African leaders!
As the Commonwealth Heads of Government meeting (CHOGM) kicked off this week in Samoa, the topic of reparations for slavery and colonialism has once again been thrust into the spotlight. Sever...Published: 23 Oct 2024 at 20:31hrs | 269 | by Tendai Ruben Mbofana
Chafuka on Zimbabwe social media will topple Mnangagwa government!
I should be forgiven if I said this man is an implant of president Mnangagwa masquerading as a revolutionary. Yet he is playing a political game that speaks the opposite to loo as many as he can get t...Published: 20 Oct 2024 at 21:12hrs | 1525 | by Nomazulu Thata
Billions 'wiped off' Zimbabwe banks
Bankers in Zimbabwe have attributed a significant downturn in revenues to frequent changes in the country's functional currency, as first-half financial statements revealed a staggering loss of billio...Published: 18 Oct 2024 at 12:28hrs | 1426 | by Staff reporter
ZimAlloys resumes chrome smelting
ZimAlloys, a ferrochrome producer based in Gweru, has restarted its chrome smelting operations after an 11-year break, thanks to a US$7 million investment from Kuvimba Mining House. The company's revi...Published: 18 Oct 2024 at 08:37hrs | 176 | by Staff reporter
Zimbabwe has US billion dollars overseas, can wipe out debt within 24 hrs
The recent Bulawayo24 article tells us that Zimbabwe is cash-strapped: it has a staggering debt of US$ 31billion; both domestic and international. This statement is partly true. In paper, Zimbabwe is ...Published: 13 Oct 2024 at 19:56hrs | 25142 | by Nomazulu Thata
Khupe engages Mthuli Ncube to boost cancer treatment in Zimbabwe
Former Deputy Prime Minister and cancer advocate, Dr. Thokozani Khupe, has revealed that she has successfully engaged the Minister of Finance and Economic Development, Professor Mthuli Ncube, on alloc...Published: 08 Oct 2024 at 18:45hrs | 313 | by Staff reporter
ZiG adjustment stabilises prices, claims Mthuli Ncube
The recent adjustment of the exchange rate between the Zimbabwe Gold (ZiG) currency and the United States dollar has successfully stabilised market prices, Finance, Economic Development and Investment...Published: 05 Oct 2024 at 11:29hrs | 164 | by Staff reporter
Mukwasha Chiwenga in Math-South improvements. Is development holistic?
Whatever development VP Chiwenga is bringing in Matabeleland South, that should never be interpreted as "Mukwasha inzunza". School children especially benefit from good and safe schools, health care f...Published: 04 Oct 2024 at 12:27hrs | 2054 | by Nomazulu Thata
The curse of diamonds: How Zimbabwe's wealth is failing its people
I was listening this morning as the Minister of Mines, Winston Chitando, boasted over Zimbabwe's increasing diamond production. Indeed, Zimbabwe's diamond industry has long been touted as a be...Published: 01 Oct 2024 at 15:09hrs | 936 | by Tendai Ruben Mbofana
Zimbabwe aims to become a key blueberry supplier
Zimbabwe is celebrating its recent achievement of gaining access for avocado exports to China, but the country's agricultural sector is witnessing growth in other areas as well, particularly in the bl...Published: 27 Sep 2024 at 08:27hrs | 189 | by Staff reporter
Dexter Nduna wants to wrestle Harare, Bulawayo parking contracts
In a controversial move, Zanu-PF's resource mobilization and revenue generation chairperson, Dexter Nduna, has directed the city councils of Harare and Bulawayo to terminate their contracts with priva...Published: 26 Sep 2024 at 11:07hrs | 956 | by Staff reporter
Bulawayo pleads for US$15m stuck at Treasury
Civic society organizations (CSOs) in Bulawayo have called on the Parliament of Zimbabwe to compel the Treasury to swiftly release the remaining funds from a US$15 million allocation requested by the ...Published: 26 Sep 2024 at 10:20hrs | 124 | by Staff reporter
Zimbabwe aims to maximize gold revenue amid global demand surge
The Ministry of Mines has officially launched the 2024 Second Gold Mobilisation exercise, a strategic initiative designed to ensure compliance and optimize revenue from Zimbabwe's gold mining sector. ...Published: 17 Sep 2024 at 06:49hrs | 160 | by Staff reporter
Can Zimbabwe ZiG-zag away from the USD?
ZIMBABWE'S economy has suffered immensely since 2008, when inflation exceeded a million percent.Since then, the government has made six attempts to adopt a local currency, with the latest comi...Published: 13 Sep 2024 at 16:04hrs | 2768 | by Nkosi Moyo
Zimbabwe must be bold in FDI drive
Finance, Economic Development, and Investment Promotion Permanent Secretary George Guvamatanga has disclosed that the government has been inundated with demands from prospective investors seeking Zimb...Published: 09 Sep 2024 at 08:24hrs | 100 | by Staff reporter
Zinara tollgate fees exemption clarified
The Zimbabwe National Road Administration (Zinara) has clarified the criteria for tollgate fee exemptions, specifying that only government vehicles and those assigned to traditional chiefs are ex...Published: 05 Sep 2024 at 07:11hrs | 2726 | by Staff reporter
Zimbabwe economy needs robust tax system
The Zimbabwe Revenue Authority (ZIMRA) is pushing for a modernized tax system to address the complexities of Zimbabwe's economy, particularly the predominantly cash-based informal sector. ...Published: 05 Sep 2024 at 07:07hrs | 131 | by Staff reporter
Sifiso Dabengwa to be buried in South Africa
Zimbabwean-born South African corporate executive Raymond Sifiso Dabengwa, former CEO of MTN Group and Eskom board member, will be laid to rest in Johannesburg on Saturday. Dabengwa, 66, passed away o...Published: 04 Sep 2024 at 15:09hrs | 2280 | 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 | 3922 | by Staff reporter
Mastering the Aviator Game: Tips and Winning Strategies
Winning at Aviator: Strategies and TipsThe highly popular Aviator game has proven to be very exciting for online gamers and casino players, owing to...Published: 15 Aug 2024 at 17:52hrs | 259 | by Staff Reporter
African children are wood, and water collectors for the whites: nothing has changed!
I wish I lived in another planet and certainly not planet Earth because this one has painful contradictions. Africa, especially, a continent that was ravaged by slavery for centuries. The white popula...Published: 23 Jul 2024 at 16:48hrs | 645 | by Nomazulu Thata
Zimbabwe govt bolsters oversight of devolution funds
The Zimbabwean government has intensified its oversight of devolution fund usage by metropolitan councils and local authorities to address widespread financial mismanagement. The newly launched Zimbab...Published: 15 Jul 2024 at 16:41hrs | 169 | by Staff reporter
Bleak outlook for Zimbabwe's consumers
Inter Horizon (IH) Securities, a prominent financial services firm, has released a sobering report on Zimbabwe's consumer spending patterns for 2024. The analysis paints a bleak picture, attributing t...Published: 07 Jul 2024 at 10:58hrs | 6 | by Staff reporter
The Sentry report on Mutapa Fund is shallow and weak
I had the MISFORTUNE of going through a report prepared and distributed by The Sentry, possibly written by an excitable Nick Donovan. Long story short, the report is shallow and weak. Here is ...Published: 04 Jul 2024 at 16:37hrs | 13 | by MMatigary
IMF says Zimbabwe's economy continues to show resilience
In light of new policy developments, an International Monetary Fund (IMF) staff team led by Mr. Wojciech Maliszewski conducted a second mission to Harare during June 18-27, 2024, to conclude the 2024 ...Published: 28 Jun 2024 at 13:01hrs | 4 | by Staff reporter
Zimbabwe sets technical modalities for Starlink implementation
Zimbabwe is on track to finalize technical arrangements enabling it to adopt Starlink, a high-speed, cost-effective broadband service, becoming one of the few African nations to do so. President Mnang...Published: 23 Jun 2024 at 10:28hrs | 1 | by Staff reporter
Manhize steel plant commences pig iron production
The Dinson Iron and Steel Company (Disco) plant in Manhize, Midlands Province, marked a significant milestone on Wednesday with the blast furnace commencing pig iron production. This US$1.5 billion pr...Published: 15 Jun 2024 at 10:59hrs | | by Staff reporter
Billions in African Gold smuggled to UAE yearly
Gold smuggling out of Africa, mainly to the United Arab Emirates, has surged over the last decade, with hundreds of tonnes of gold worth tens of billions of dollars illegally leaving the continent eve...Published: 30 May 2024 at 08:55hrs | 2 | by Staff reporter
Zimbabwe set to roll out US$80m smart traffic system
Zimbabwe is set to introduce a cutting-edge smart traffic management system, a multimillion-dollar initiative aimed at tackling various road-related issues such as enforcing traffic laws, curbing road...Published: 30 May 2024 at 08:33hrs | 13 | by Staff reporter
Zimra faces parly probe
ZIMBABWE may have lost potential revenues running into millions of United States dollars due to lax systems at the Zimbabwe Revenue Authority (Zimra), which is now facing parliamentary probe.T...Published: 19 May 2024 at 12:21hrs | 3 | by Staff reporter
Cigarettes worth R100 000 seized in border operation
SOUTH African border security officials on Monday destroyed a wooden raft used by criminals to smuggle goods between Zimbabwe and the neighbouring country. The team also recovered smuggled cig...Published: 10 Apr 2024 at 06:01hrs | | by Staff reporter
Zimbabwe finds a way to turn paper into gold long live Gushungo!!!
Money, the market, free enterprise, free trade, law, and justice, among others - existed in other forms before the colonialists introduced paper currency. The natives had their own functional institut...Published: 09 Apr 2024 at 16:58hrs | 2 | by Sam Wezhira
Diplomatic tiff between Botswana and Germany: the magnificent ELEPHANT
The president of Botswana was not angry per se. He should never be angry if he is aware of the global positioning of states: which country is at the top of the other: who is the big brother and what a...Published: 06 Apr 2024 at 18:10hrs | 13 | by Nomazulu Thata
The rise of General Chiwenga: My reply to this article
My article today is to reply an article written by Samkeliso Ncube on Bulawayo 24: it was written in large; The rise of General Chiwenga, Zimbabwe's vanguard to a prosperous future. This article is no...Published: 25 Mar 2024 at 20:30hrs | 11 | by Nomazulu Thata
Mr Kudzai Mutisi, the German 'Economic wonder' after the WW2 had multiple favourable factors!
I am writing this article as a reply to your article you wrote last week: My article is not in any way or form critiquing your own but including factors that must be known, but, however, adding to wha...Published: 20 Mar 2024 at 20:53hrs | 1 | by Nomazulu Thata
Zimbabwe misses SDG timelines
The government yesterday said it would allocate at least 5% of national revenues to provincial and local authorities to catch up on its promises to deliver on United Nations development goals....Published: 15 Mar 2024 at 07:17hrs | 2 | by Staff reporter
Bulawayo's 120-hour water shedding to continue
BULAWAYO residents will continue receiving water for only two days per week, as water levels continue to dwindle at major supply dams due to drought, with the possibility of further tightening of the ...Published: 13 Mar 2024 at 05:07hrs | 1 | by Staff reporter
Ian Khama blasted over anti-trophy hunting stance
FORMER Botswana President Ian Khama has been criticised for assisting United Kingdom lawmakers in their efforts to enact a ban on imports into Britain of trophy hunting products, a major source of liv...Published: 08 Mar 2024 at 05:04hrs | | by Staff reporter
Manhize steel Plant to start production
THE majority of critical infrastructure at the US$1,5 billion Dinson Iron and Steel Company (Disco) steel plant in Manhize near Mvuma in the Midlands province has been successfully installed with the ...Published: 07 Mar 2024 at 05:04hrs | | by Staff reporter
400 000 cars dodge licence fees
Only 800 000 out of 1,2 million registered vehicles are being compliant in terms of licencing, indicating a compliance rate of approximately 60 percent, reports the Zimbabwe National Road Administrati...Published: 01 Mar 2024 at 19:02hrs | 1 | by Staff reporter
Zimbabwe debt set to balloon
ZIMBABWE is set to finance its 2024 total budget financing gap of ZWL$9,2 trillion through domestic and external borrowing, a development that will further sink the country deep into debt.Acco...Published: 28 Feb 2024 at 06:28hrs | 1 | by Staff reporter
Disco's US$1,5 billion steel plant complete
CONSTRUCTION of the US$1,5 billion steel plant in Manhize near Mvuma is complete, with the project tentatively set for commissioning on June 10 this year.The plant, which is touted to be Afric...Published: 25 Feb 2024 at 07:06hrs | | by Staff reporter
BCC's US$ revenue improves
BULAWAYO City Council (BCC) has revealed that it has collected about 45% of its debts in United States dollars from ratepayers as its credit control policy begins to bear fruit.In an interview...Published: 16 Feb 2024 at 04:58hrs | | by Staff reporter
Zimbabwe licences US$9,7 billion investments
THE Zimbabwe Investment and Development Agency (Zida) said this week it issued 615 licences to investors worth almost US$9,7 billion during the year ended December 31, 2023.Tafadzwa Chinamo, c...Published: 09 Feb 2024 at 10:01hrs | | 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 | 40 | by Staff reporter
NetOne to install data, internet infrastructure
STATE owned mobile phone operator NetOne intends to deploy additional capital this year towards installation of data and internet service infrastructure, as data traffic continues to dominate the firm...Published: 01 Feb 2024 at 04:55hrs | | by Staff reporter
Zimra gives small businesses tax reprieve
The Zimbabwe Revenue Authority (Zimra) has offered a six-month grace period for informal businesses to register for taxes in a move seen to boost State revenues.Revised guidelines outlining sp...Published: 30 Jan 2024 at 04:20hrs | 4 | by Staff reporter
Load More Stories
