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Zimbabwe's new policy outlines plans to widen tax base
The Zimbabwean government has announced a new policy under the Zimbabwe Industrial Reconstruction and Growth Plan (ZIRGP) to simplify tax models for Small to Medium Enterprises (SMEs). This move aims ...Published: 27 Oct 2024 at 12:18hrs | 259 | by Staff reporter
Zimbabwe targets 7 sectors for import substitution
In a bid to reduce reliance on imports and boost local industry, Zimbabwe has identified seven key sectors for import substitution.The country's short-term manufacturing blueprint, the Zimbabw...Published: 24 Oct 2024 at 12:51hrs | 731 | by Staff reporter
Mnangagwa in Bulawayo for ZimTrade indaba
President Emmerson Mnangagwa arrived in Bulawayo yesterday, where he is set to officially open the ZimTrade Annual Exporters Conference today. The event, hosted at the Zimbabwe International Exhibitio...Published: 17 Oct 2024 at 08:50hrs | 108 | by Staff reporter
The power crisis farce: Unpacking Mnangagwa's broken promise to Zimbabwe
Zimbabwe's power crisis has been a perennial problem, plaguing the country for decades.In August 2023, President Emmerson Dambudzo Mnangagwa proudly declared that the commissioning of the new ...Published: 08 Oct 2024 at 17:30hrs | 511 | by Tendai Ruben Mbofana
Zimpricecheck wins fourth Value Creation Challenge
Garikai Dzoma of Zimpricecheck won the 2024 Value Creation Challenge, beating 11 other finalists in a competition for budding entrepreneurs at the finale last Friday, winning US$13 000 in total seed f...Published: 08 Oct 2024 at 17:07hrs | 95 | by Staff Reporter
Mutsvangwa urges AI adoption for SMEs growth
Women Affairs, Community, Small and Medium Enterprises Development Minister Monica Mutsvangwa has emphasized the need for Zimbabwe's small and medium enterprises (SMEs) to adopt artificial intelligenc...Published: 07 Oct 2024 at 08:03hrs | 236 | by Staff reporter
Zimbabwe records growth across sectors
Zimbabwe is making notable strides in various economic sectors despite the challenges posed by climate change-induced droughts and Western-imposed sanctions, President Emmerson Mnangagwa said during h...Published: 03 Oct 2024 at 08:45hrs | 72 | by Staff reporter
BAZ, central bank meet over policy interventions
The Bankers Association of Zimbabwe (BAZ) held a crucial meeting with the Reserve Bank of Zimbabwe (RBZ) governor, Dr. John Mushayavanhu, on Monday to address key policy changes from the Monetary Poli...Published: 03 Oct 2024 at 08:44hrs | 54 | by Staff reporter
Mnangagwa to outline legislative agenda
President Emmerson Mnangagwa today officially opened the Second Session of the 10th Parliament, outlining the legislative agenda while delivering his State of the Nation Address to a joint sitting of ...Published: 02 Oct 2024 at 07:48hrs | 59 | by Staff reporter
Econet goes head-to-head with Starlink with new packages
Econet Wireless has launched its SmartBiz broadband data packages, aimed at meeting the connectivity needs of various business sectors, including small and medium-sized enterprises (SMEs), farmers, sc...Published: 11 Sep 2024 at 08:52hrs | 2622 | by Staff reporter
Econet ready for head-on competition with Starlink
The recent launch of Starlink in Zimbabwe has sparked considerable market excitement, prompting Econet Wireless, the nation's largest telecommunications and technology firm, to strategically position ...Published: 11 Sep 2024 at 08:49hrs | 242 | 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
RBZ exempts transactions less than US$10 from bank charges
Starting from 1 September 2024, the Reserve Bank of Zimbabwe (RBZ) will exempt electronic transactions under US$10 (or the ZiG equivalent) from bank charges. This move aims to encourage the use of ele...Published: 31 Aug 2024 at 11:13hrs | 130 | by Staff reporter
Mafume reshuffle committees
Harare Mayor Jacob Mafume is reportedly planning significant changes to the city council's leadership, aiming to install loyalists in key positions to avoid opposition to his decisions. Ahead of a ful...Published: 29 Aug 2024 at 16:11hrs | 474 | by Staff reporter
Mnangagwa's SADC Chair acceptance speech
May I express my profound appreciation to His Excellency, João Lourenço, President of the Republic of Angola, for the astute and visionary leadership in steering our organisation, as Chairperson of ...Published: 17 Aug 2024 at 20:43hrs | 372 | by Emmerson Dambudzo Mnangagwa
Zimbabwe seeks high-net-worth partners for startups fund
Deputy Finance, Economic Development, and Investment Promotion Minister David Mnangagwa has announced that the Treasury is seeking strategic alliances with high-net-worth individuals to operationalize...Published: 05 Aug 2024 at 07:09hrs | 117 | by Staff reporter
Economic Empowerment Bill gets thumbs up
Stakeholders in Bulawayo, including small to medium enterprises (SMEs), have welcomed the Economic Empowerment Bill, which aims to replace the Indigenisation and Economic Empowerment Act with a new Ec...Published: 19 Jul 2024 at 06:16hrs | 161 | by Staff reporter
Stanbic Bank named national winners for supporting Micro, SMEs in Zimbabwe
Leading financial services institution, Stanbic Bank has been named National Winner for supporting micro, small to medium enterprises in Zimbabwe by the Zimbabwe National Chamber of Commerce (ZNCC)....Published: 12 Jul 2024 at 10:35hrs | 120 | by Staff Reporter
NMBZ optimistic on ZiG inflation-easing impact
Listed financial services provider, NMBZ Holdings Limited, has expressed optimism about the inflation-easing impact of the new Zimbabwe Gold (ZiG) currency, following a 209% revenue increase in the fi...Published: 21 May 2024 at 08:27hrs | 1 | by Staff reporter
Stop Zanu-PF extortionists, villagers plead
VILLAGERS in some parts of the country have appealed to the Zanu-PF leadership to rein in their local party leaders who are reportedly fleecing them of cash under the guise of raising funds for indepe...Published: 16 Apr 2024 at 08:44hrs | 8 | by Staff reporter
Ministry of SMEs holds the key to Zimbabwe's Growth
The Monetary Policy statement and other documents indicate that Micro, Small, and Medium Enterprises (MSMEs) contribute a significant 60% to Zimbabwe's gross domestic product (GDP). This news highligh...Published: 13 Apr 2024 at 17:37hrs | 9 | by Mandla Ndlovu
Stanbic Bank embarks on financial fitness workshops for SMEs
Harare, 10 April 2024 - Leading financial services institution, Stanbic Bank, has established a financial fitness academy aimed at equipping Small to Medium Enterprises (SMEs) with the requisite skill...Published: 10 Apr 2024 at 22:21hrs | 30 | by Agencies
Kenyan acquitted of illegal possession of bullet
A KENYAN national has been acquitted of illegal possession of ammunition without a firearm certificate following her arrest at the Victoria Falls International Airport over the weekend.Lucy Ka...Published: 08 Mar 2024 at 05:07hrs | | 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 | 9 | by Staff Reporter
Grain millers flag 'artificial' mealie-meal shortages in supermarkets
LOCAL grain millers say they have contingency measures throughout the value chain to ensure adequate mealie-meal stocks to feed the nation.The assurance by the Grain Millers Association of Zim...Published: 29 Jan 2024 at 06:00hrs | | by Staff reporter
Zanu-PF intensifies by-elections campaign
Zanu-PF has intensified its campaign for the Mkoba North constituency in Gweru and Kwekwe's Ward 10 council seat ahead of the February 3 by-elections.Teams have been deployed in the areas wher...Published: 25 Jan 2024 at 04:15hrs | | by Staff reporter
Edd Branson facilitates US$1 million for Bulawayo entrepreneurs
In a major boost to the local business community, Ambassador Edd Branson, renowned for his efforts in promoting economic growth and entrepreneurship, has successfully brokered a 1 million USD facility...Published: 09 Jan 2024 at 09:07hrs | 15 | by Mandla Ndlovu
ZIMRA measures to restore value chain integrity utter insensitive, says former Senator
FORMER MDC senator for Matabeleland North Chief Ndlovu from Nkayi has described the measures recently announced by Zimbabwe Revenue Authority (Zimra) meant to protect value chains integrity, issued in...Published: 05 Jan 2024 at 19:19hrs | 9 | by Stephen Jakes
Insukamini substation fault triggers nationwide power outage
A MAJOR technical fault at the Insukamini substation in Bulawayo triggered countrywide loss of power early yesterday resulting in a loss of production time by business, which lasted up to noon....Published: 05 Jan 2024 at 05:49hrs | 8 | by Staff reporter
Zimbabweans' appetite for imports remains high
Zimbabweans still prefer imported goods despite increased production by local producers because most of the products are substandard, it has emerged.For years, the local market has been domina...Published: 31 Dec 2023 at 12:56hrs | 6 | by Staff reporter
Zimbabwe: African Development Bank approves $25 million trade finance line of credit for Central Africa Building Society
The Board of Directors of the African Development Bank Group (www.AfDB.org/en) has approved a $25 million trade finance line of credit facility to the Central Africa Building Society of Zimbabwe, to b...Published: 20 Dec 2023 at 22:34hrs | 19 | by APO
1 000 more buses for Zupco
Treasury will procure more than 1 000 buses in the next two years, with 250 of them being available in the first quarter of next year, and 50 of those being electric vehicles running off batteries, as...Published: 18 Dec 2023 at 04:53hrs | 7 | by Staff reporter
David Coltart engages SA property firm
BULAWAYO mayor David Coltart is in discussions with South Africa-based company McCormick Property Development to speed up the construction of the multi-million-dollar Egodini Mall.The discussi...Published: 01 Dec 2023 at 04:58hrs | 7 | by Staff reporter
Zimplats is cutting spending on its US$1.8bn projects
The decline in global platinum prices is compelling Impala Platinum to reduce its planned expenditures across its operations, including Zimplats, which is expected to negatively impact local suppliers...Published: 03 Nov 2023 at 08:22hrs | 6 | by Staff reporter
CCC, Zanu-PF clash over Mupedzanhamo, again
Tensions have arisen between the opposition Citizens Coalition for Change (CCC) and the ruling Zanu-PF party regarding the allocation of vending spaces at the soon-to-reopen Mupedzanhamo flea market. ...Published: 02 Nov 2023 at 05:47hrs | 6 | by Staff reporter
Stanbic supports artists to maximise their talents for financial gain
Harare, 11 October 2023 - Leading financial services institution, Stanbic Bank Zimbabwe is committed to propping up musicians and other creative artists and hel...Published: 11 Oct 2023 at 22:03hrs | 13 | by Agencies
Zimbabwe to take centre stage as 'world's next lithium valley'
As the shift towards sustainable energy gains momentum across the globe, the demand for lithium is anticipated to continue its upward trajectory, leading to an increase in its price despite growing su...Published: 03 Oct 2023 at 18:21hrs | 1 | by Staff reporter
Zimbabwe - Dubbed 'the World's Next Lithium Valley' - to Speak at Critical Minerals Africa 2023
CAPE TOWN, South Africa - As Zimbabwe sets its sights on achieving a $12-billion mining industry by year-end, Pfungwa Kunaka, Permanent Secretary for Mines and Mining Development of Zimbabwe, will spe...Published: 02 Oct 2023 at 12:54hrs | | by APO
Bulawayo hotels, lodges fully booked ahead of Sanganai/Hlanganani Expo
Many of the major hotels and lodges in Bulawayo are fully booked ahead of the upcoming Sanganai/Hlanganani World Tourism Expo, scheduled to take place from October 12 to 14. This annual event showcase...Published: 01 Oct 2023 at 07:34hrs | 2 | by Staff reporter
Zimra to roll out new tax admin system
THE Zimbabwe Revenue Authority (ZIMRA) is set to introduce a new tax system next month in a bid to revolutionise the tax administration terrain in the country through an efficient, effective, and easy...Published: 20 Sep 2023 at 06:24hrs | 1 | by Staff reporter
Mnangagwa's ministers sworn in
Newly appointed Cabinet ministers have made a commitment to immediately start their work, while their senior colleagues have pledged to consolidate the achievements of the Second Republic, which have ...Published: 13 Sep 2023 at 18:56hrs | 1 | by Staff reporter
Outrage as Mnangagwa appoints son, nephew as deputy ministers
President Emmerson Mnangagwa was accused of nepotism on Monday after naming his son as deputy finance minister in a new cabinet following his controversial re-election.David Kudakwashe Mnangag...Published: 11 Sep 2023 at 20:19hrs | 1 | by Staff reporter
ACT-SA Urges political parties to refrain from vote buying ahead of August 23 elections
After the launch of the "National Citizen Action against Vote Buying Campaign", the Anti-Corruption Trust of Southern Africa (ACT-SA) received overwhelming responses from members of the public forward...Published: 26 Jul 2023 at 20:10hrs | 2 | by Stephen Jakes
Zanu-PF pledges to clean up opposition rot in cities
Zanu-PF will put in place measures to clean the rot in towns and cities brought about by incompetent opposition councillors who have been in charge of urban councils since 2000, Vice President Dr Cons...Published: 25 Jul 2023 at 06:40hrs | 2 | by Staff reporter
Anti-Corruption watchdog starts tracking vote buying corruption
THE Anti-Corruption Trust of Southern Africa has started tracking down issues of vote buying in an effort to curb corruption committed in the run up to the election set for August 23.This was ...Published: 24 Jul 2023 at 18:55hrs | | by Stephen Jakes
SMEs seek Mnangagwa's intervention after clampdown by Zimparks
The Small and Medium Enterprises for ED and Bussinesses for ED have approached President Mnangagwa after Zimparks reportedly blacklisted them on all procurement bids.In a letter addressed to t...Published: 20 Jul 2023 at 18:07hrs | 9 | by Desmond Nleya
SMEs 4ED launched
The Small and Medium Enterprises for Economic Development (SMEs for ED) Harare Chapter has been launched, and immediately pledged to mobilise voters for Zanu-PF Presidential candidate President Mnanga...Published: 03 Jul 2023 at 07:04hrs | 5 | by Staff reporter
Foreigners 'invade' retail space reserved for Zimbabweans
ZIMBABWEAN authorities have been allocating retail licenses to foreigners in contravention of the law, investigations have established.Retail space in the capital Harare is now dominated by In...Published: 03 Jul 2023 at 07:02hrs | 1 | by Staff reporter
Econet increases tariffs again
ECONET Wireless Zimbabwe, the country's largest mobile network operator has with effect from today (Tuesday) hiked data bundles by up to 300 percent."We are reviewing our ZWL data and SMEs bun...Published: 20 Jun 2023 at 08:57hrs | 2 | by Staff reporter
Single Mothers4ED Bulawayo Chapter launched
SINGLE Mothers for Economic Development (ED) launched their Bulawayo Chapter on Saturday with calls to involve single mothers in the mainstream economy through empowerment programmes that are responsi...Published: 12 Jun 2023 at 06:28hrs | | by Staff reporter
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