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Worldremit Partners Zimachievers as Nominees Announced
Global remittance giant WorldRemit has been confirmed as Plantimun partner for the forthcoming Zimbabwe Achievers Awards UK Edition set for 22 April in London. The renewal of pleasantries betw...Published: 20 Mar 2023 at 20:18hrs | 476 | by Agencies
Power outages hit PPC cement sales
REGIONAL cement maker PPC expects sales volumes at its Zimbabwean unit will drop by 14% in the full year compared to the same period last year due to recurrent power outages and grey imports.P...Published: 17 Mar 2023 at 07:28hrs | 176 | by Staff reporter
Bulawayo CBD expansion to cover Suburbs, Kumalo
BULAWAYO City Council (BCC) is considering extending the Central Business District (CBD) into residential areas such as Suburbs and Kumalo in line with current trends that have seen some companies and...Published: 17 Mar 2023 at 07:25hrs | 447 | by Staff reporter
Digital marketing strategies for small businesses
Are you a small business owner looking to get the most out of your digital marketing plans? Digital marketing strategies are becoming increasingly important for real cash businesses. Not only ...Published: 09 Mar 2023 at 23:44hrs | 138 | by Staff Reporter
How to create your business plan in 5 steps
Do you want to launch a business but are unsure of where to start? Writing a solid business plan is essential if you are looking to secure funding and develop long-term success.When starting a...Published: 09 Mar 2023 at 22:55hrs | 214 | by Staff Reporter
Chiwenga launches tobacco marketing season
VICE President General Retired Dr Constantino Chiwenga today officially launched the tobacco marketing season in Harare.Ministry of Information, Publicity, and Broadcasting S...Published: 08 Mar 2023 at 14:33hrs | 247 | by Staff reporter
The Nkulumane Complex: A sleeping giant
The Nkulumane Mall is named after Nkulumane who was King Mzilikazi's son. Nkulumane was born in Mhlahlandlela, near modern-day Pretoria in South Africa. Nkulumane was named after Kuruman, where Dr. Ro...Published: 08 Mar 2023 at 10:18hrs | 4343 | by Mncedisi Nyathi
Simba Makoni steps down
Simba Makoni has stepped down as Powerspeed chairman, having served since 2010, the company says. "Makoni resigned from the Board of Directors of the Company with effect from 23 February 2023....Published: 07 Mar 2023 at 20:15hrs | 4346 | by Staff reporter
Tobacco auction floors open tomorrow
Tobacco farmers have started delivering their crop ahead of the marketing season which opens tomorrow at auction floors with the official ceremony at Tobacco Sales Floor.Deliveries for the far...Published: 07 Mar 2023 at 05:23hrs | 126 | by Staff reporter
Above-normal rainfall predicted for March
THE United States Agency for International Development (USAid)'s food security arm, the Famine Early Warning Systems Network (FEWS NET), has predicted above-normal rainfall for March, a change from th...Published: 06 Mar 2023 at 05:19hrs | 891 | by Staff reporter
Croco's Matsika gets a lifeline
EIGHT years after acrimoniously falling out with his cousin and Croco Holdings boss Moses Chingwena over the ownership of a busines empire worth more than US$100 million, Harare automobile tycoon Fara...Published: 05 Mar 2023 at 13:52hrs | 18179 | by Staff reporter
Ingwebu appoints new board members
THE Bulawayo Municipal Commercial Undertaking-owned Ingwebu Breweries recently had two members added to its eight-member board.Mr Kalani Ndlovu who owns Umjayeli Security and Mavuna Lodge and ...Published: 05 Mar 2023 at 06:19hrs | 223 | by Staff reporter
London-listed company completes construction of pilot coke battery at Zimbabwe project
Contango Holdings has advised that construction of a small-scale coke battery has been completed at the Lubu Coal Project in Zimbabwe.The pilot coke plant has been constructed to provide on-si...Published: 03 Mar 2023 at 07:14hrs | 604 | by Staff reporter
Ramaphosa in big court setback
South Africa's Constitutional Court on Wednesday slapped down President Cyril Ramaphosa's bid to have the apex court review a report which found evidence he may have committed misconduct over a stash ...Published: 01 Mar 2023 at 19:03hrs | 812 | by Staff reporter
Judge dismisses depositor's US$179,000 debt claim from CABS
A local pensioner, Duncan Hugh Cocksedge, is counting his losses after his US$179,000 bank balance which was being held in a CABS account was wiped out after being wholly converted to local currency t...Published: 28 Feb 2023 at 19:53hrs | 2572 | by Staff reporter
Zimra happy with block tax system
THE Zimbabwe Revenue Authority (Zimra) says it is satisfied with the preliminary results of the Block Management System (BMS) that classifies all taxpayers into specific geographical locations or zone...Published: 28 Feb 2023 at 07:36hrs | 126 | by Staff reporter
In what ways can you use data to benefit your company?
Amazingly, today's technology allows us to collect massive amounts of data; however, a significant portion of that data is now being gathered before anyone answers the question, "What do we want to do...Published: 27 Feb 2023 at 12:44hrs | 189 | by Staff Reporter
Macheso speaks on 'forgotten' son
ALICK Macheso says he will not pay much attention to a Guruve man who has gone viral on social media claiming to be his son.The man, who identifies himself as Simbarashe Macheso, has given int...Published: 24 Feb 2023 at 07:47hrs | 2031 | by Staff reporter
Mnangagwa's govt rejects ZESA tariff plan
The Reserve Bank of Zimbabwe (RBZ) has shot down a proposal by ZESA Holdings for businesses to wholly pay electricity tariff in United States dollar following the government's policy to align tariff p...Published: 24 Feb 2023 at 07:44hrs | 1668 | by Staff reporter
Farmers defend raw sugar price increase
Small-scale sugarcane farmers, who supply 45 percent of raw sugar in Zimbabwe, have defended the new price of the commodity after Gold Star suspended production at its refinery in Harare this week cit...Published: 17 Feb 2023 at 04:54hrs | 232 | by Staff reporter
Botswana threatens to sever ties with diamond giant De Beers
Botswana's President Mokgweetsi Masisi has warned that his country may sever ties with diamond giant De Beers if talks to renegotiate a sales deal prove unfavorable to his government.Masisi al...Published: 16 Feb 2023 at 04:57hrs | 1286 | by Staff reporter
Preparations for the 63rd edition of the ZITF take shape
PREPARATIONS for the 63rd edition of the Zimbabwe International Trade Fair (ZITF) are gearing up with officials flagging "palpable interest" from both domestic and international participants.Z...Published: 13 Feb 2023 at 05:20hrs | 165 | by Staff reporter
Econet faces foreign supplier payments headache
LISTED telecoms giant, Econet Wireless Zimbabwe says its ability to pay foreign suppliers and be in a position to modernise and embark on an expansion drive to meet changing customer needs is being cu...Published: 13 Feb 2023 at 05:17hrs | 291 | by Staff reporter
Zimdollar haunted by trust issues
Zimbabweans across the country continue to lose trust in the local currency due to the rapid loss of value, meaning it cannot serve as the store of value and medium of exchange.According to th...Published: 12 Feb 2023 at 07:20hrs | 52 | by Staff reporter
Zimbabwe risks another currency collapse
FULL dollarisation remains an unviable proposition for Zimbabwe, defiant Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya says, despite the economy rapidly gravitating toward self-redollarisat...Published: 12 Feb 2023 at 07:20hrs | 315 | by Staff reporter
PPC mulls sale of Zimbabwe unit
PPC Ltd., South Africa's largest cement maker, is considering selling its Zimbabwe business for about $200 million, according to people with knowledge of the matter. The shares surged.A sale w...Published: 07 Feb 2023 at 21:29hrs | 696 | by Staff reporter
RBZ to issue gold coins on demand
The Reserve Bank of Zimbabwe (RBZ) says it will continue to mint more gold coins provided there is demand from the market, following the bullion coins' positive contribution to efforts aimed at taming...Published: 06 Feb 2023 at 04:51hrs | 139 | by Staff reporter
Fearless editor who first exposed the Gukurahundi killings
While there were a few local Zimbabwean journalists writing for periodicals and foreign correspondents like Peter Godwin for the Sunday Times (UK) and some filing for...Published: 04 Feb 2023 at 20:11hrs | 625 | by Stephen Bates
Reserve Bank slashes lending rates, increases forex retention
THE Reserve Bank of Zimbabwe (RBZ) has trimmed its bank policy rate to 150 percent from 200 percent per annum and increased foreign currency retention thresholds for exporters on domestic sales while ...Published: 02 Feb 2023 at 22:58hrs | 1330 | by Staff Reporter
Reflecting on the export ban for raw lithium
Through Statutory Instrument 213 of 2022 (Referend to as Base Minerals Export Control for unbeneficiated Lithium Bearing Ores), Zimbabwe banned the export of raw lithium from the country. The regulati...Published: 31 Jan 2023 at 09:12hrs | 1434 | by Victor Bhoroma
NewsDay editor resigns after Mnangagwa spokesman claims he is on payroll
A seemingly innocuous Twitter post by George Charamba, the president's spokesman, has ousted NewsDay editor Wisdom Mdzungairi.Mdzungairi, who doubled up as editor in chief of Alpha Media Holdi...Published: 17 Jan 2023 at 14:04hrs | 1875 | by Staff reporter
Zimdollar plunges to record low
Zimbabwe's currency plunged to a record in the unauthorised market on Monday after the government urged suppliers not to buy foreign currency with payments recently received from the government....Published: 10 Jan 2023 at 18:25hrs | 3490 | by Staff reporter
NFTs in Africa: Potential Benefits and Risks for the Art Market and Beyond
Non-fungible tokens (NFTs) have gained significant attention in recent years as a new way of buying and selling digital and physical assets. From art to collectibles to real estate, NFTs have the pote...Published: 30 Dec 2022 at 07:47hrs | 117 | by Taedzwa Chikono
Sugar shortage hits Zimbabwe
SOME parts of the country such as the capital, Harare, are experiencing shortages of sugar supplies at retail shops with the informal sector struggling to restock.A snap survey yesterday confirmed...Published: 20 Dec 2022 at 20:43hrs | 1361 | by Staff reporter
Analysis of the 2023 national budget
The Zimbabwean government presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The government expects to collect revenues totaling ZW$3.9 billion (18% of GDP), thus resulting...Published: 16 Dec 2022 at 00:15hrs | 837 | by Victor Bhoroma
Government policy destroying the formal economy
Policy missteps and inconsistency has turned the Zimbabwean economy on its head against the formal sector, posing a threat to business continuity, domestic resource mobilization and formal employment....Published: 16 Dec 2022 at 00:06hrs | 861 | by Victor Bhoroma
Tough foreign exchange regime suffocating economy
Zimbabwe's broad money supply has grown from just under ZW$364,60 billion as of September 2021 to more than ZW$1,920 trillion as of September 2022. This represents growth of over 426% over a period of...Published: 16 Dec 2022 at 00:02hrs | 420 | by Victor Bhoroma
Robbed businessman vows to continue shining
A Buhera-born businessman Maxwell Chikwangwani who recently survived a hair-raising kidnapping and robbery ordeal has promised to hit the ground running.Chikwangwani fell prey to four armed ro...Published: 15 Dec 2022 at 14:18hrs | 2971 | by Edson Mapani
'Reserve Bank of Zimbabwe's forex auction shutdown inconsequential'
THE end of year closure of the Reserve Bank of Zimbabwe (RBZ) foreign exchange auction for close to a month will not affect the market because most companies are self-sustaining, analysts said yesterd...Published: 14 Dec 2022 at 06:39hrs | 471 | by Staff reporter
Zimbabwe business mulls night-shift, weekend operations
INDUSTRY representative bodies are considering adopting night and weekend shifts as a short-term strategy to mitigate the adverse impact of crippling power cuts while ensuring steady production....Published: 14 Dec 2022 at 06:31hrs | 280 | by Staff reporter
15 Chikurubi inmates graduate as foresters
FIXED telecommunications company, TelOne has helped 15 Chikurubi inmates acquire agricultural skills, which it hopes will assist them re-integrate into society after being released from prison....Published: 08 Dec 2022 at 05:07hrs | 377 | by Staff reporter
Kupukile Mlambo appointed chief executive of the Sovereign Wealth Fund of Zimbabwe
Former Reserve Bank of Zimbabwe deputy governor Kupukile Mlambo, who holds a PhD in economics from Gothenburg University in Sweden, has been appointed chief executive of the US$100m Sovereign Wealth F...Published: 07 Dec 2022 at 19:14hrs | 1151 | by Staff reporter
RBZ in gems mop up deal
THE government has structured a deal that will see the Reserve Bank of Zimbabwe (RBZ) buying excess diamonds as it moves to shut out unscrupulous dealers that have been dribbling authorities....Published: 02 Dec 2022 at 19:30hrs | 307 | by Staff rteporter
Norsad Capital provides CABS Zimbabwe with a Medium-term Credit facility of USD10 million
Norsad Capital, an impact investor, and private creditor provider, offering tailor-made debt solutions to mid-market growth companies in Sub-Saharan Africa, has provided Central Africa Building Societ...Published: 21 Nov 2022 at 09:51hrs | 923 | by Agencies
Armed robbers get away with $8k
Two separate armed robbers got away with cash and goods worth Eight thousand United States dollars in Mashonaland Central on Monday. ...Published: 19 Nov 2022 at 20:55hrs | 1829 | by Simbarashe Sithole
Zanu-PF fields candidate tainted with corruption
FORMER Gweru City Council acting chamber secretary Gibson Chingwadza, who was fired from the local authority for multiple counts of corruption cases involving US$300 000, has been fielded by Zanu PF t...Published: 18 Nov 2022 at 05:33hrs | 1339 | by Staff reporter
Air Zimbabwe optimistic of IATA re-admission
THE country's national airline, Air Zimbabwe, is optimistic of being re-admitted into the International Air Transport Association (IATA) as Government has cleared 90 percent of its debt to the interna...Published: 13 Nov 2022 at 17:29hrs | 145 | by Staff reporter
Businesses reject the $20 bill in Bulawayo
TRANSPORT operators and most shops in Bulawayo are now rejecting the $20 bill although it is still legal tender in the country.Only big supermarkets like OK Zimbabwe, PicknPay, Choppies, and S...Published: 10 Nov 2022 at 04:56hrs | 571 | by Staff reporter
Zimbabwe seals 500MW power deal
The new 500 megawatt solar power station being built by Skypower Global in Zimbabwe moved closer to fruition yesterday as more detail was added to the investment deal on the sidelines of the UN Climat...Published: 09 Nov 2022 at 05:03hrs | 412 | by Staff reporter
Air Zimbabwe seeks suitors for long-haul aircraft
AIR Zimbabwe, the country's State-owned carrier, is courting potential takers to lease out its long-haul aircraft, as part of efforts by the national airline to consolidate its revenue base as it emer...Published: 08 Nov 2022 at 05:02hrs | 239 | by Staff reporter
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