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Money laundering costs Zimbabwe US$6,5bn
Zimbabwe has lost an estimated US$6.15 billion to money laundering-related crimes over the past five years, with car dealerships, gold smuggling, and entrenched corruption networks topping the list of...Published: 22 Jul 2025 at 08:49hrs | 184 | by Staff reporter
Zimbabwe asset managers shift away from equities
The Securities and Exchange Commission of Zimbabwe (SecZim) has called on the Zimbabwe Stock Exchange (ZSE) to urgently work on recovering lost market share, amid revelations that local asset managers...Published: 11 Jul 2025 at 09:15hrs | 516 | by Staff reporter
Herbert Nkala to step down
OK Zimbabwe Limited (OKZL), the retail giant listed on the Zimbabwe Stock Exchange (ZSE), has announced that its long-serving Board Chairman, Mr Herbert Nkala, will not seek re-election as Director an...Published: 03 Jul 2025 at 12:36hrs | 618 | by Staff reporter
Herbert Nkala to exit OK Zimbabwe in restructuring move
OK Zimbabwe has announced a major leadership reshuffle and a US$30.5 million capital-raising initiative aimed at stabilising operations and restoring market confidence, as the retail giant battles int...Published: 29 Jun 2025 at 11:17hrs | 215 | by Staff reporter
Edgars turns to mass market and local supply
Edgars Stores Limited has effectively become Zimbabwe's sole listed clothing retailer after Truworths Zimbabwe entered corporate rescue in 2024, following a prolonged period of financial distress and ...Published: 20 Jun 2025 at 17:38hrs | 135 | by Staff reporter
Simbarashe Sithole not guilty
Journalist Simbarashe Sithole has been acquitted of extortion and bribery charges after a high-profile legal battle that drew national attention, raising critical questions about media freedom and the...Published: 19 Jun 2025 at 20:50hrs | 379 | by Staff reporter
Journalist acquitted of extortion charges
Freelance Journalist Simbarashe Sithole was on Thursday afternoon acquitted of extortion charges at the Harare Magistrate Court.After a full trial, Magistrate Rufaro Panavanhu ruled that the s...Published: 19 Jun 2025 at 18:03hrs | 343 | by Paul Ndou
Zimbabwe's cashless push stumbles
Zimbabwe's digital payments ecosystem experienced a notable contraction in the first quarter of 2025, with the total value of electronic transactions processed through national payment systems falling...Published: 16 Jun 2025 at 14:42hrs | 116 | by Staff reporter
Kariba turns into ghost town
The eastern shoreline of Kariba, once a crown jewel in Zimbabwe's tourism industry, is fast slipping into obscurity as tourism operators flee the area amid plummeting visitor numbers, collapsing infra...Published: 06 Jun 2025 at 12:04hrs | 11469 | by Staff reporter
'Tsholotsho Gold Project has 1 million gold ounces potential'
United Kingdom-based mining company Ariana Resources Plc has announced that its flagship Dokwe Gold Project in Zimbabwe has the potential to yield more than one million ounces of gold, reinforcing inv...Published: 02 Jun 2025 at 18:40hrs | 661 | by Staff reporter
Khayah Cement delists from Zimbabwe Stock Exchange
The Zimbabwe Stock Exchange (ZSE) has officially announced the voluntary termination of listing for Khayah Cement Limited, effective May 22, 2025, following the company's decision to enter corporate r...Published: 02 Jun 2025 at 16:27hrs | 202 | by Staff reporter
Steward Bank records 18% surge in US dollar deposits
Steward Bank has reported an 18% year-on-year increase in US dollar deposits, along with a boost in profitability, in a development seen as a strong vote of confidence in the bank's evolving strategy ...Published: 30 May 2025 at 12:10hrs | 90 | by Staff reporter
African Sun asset stripping continues
Hospitality giant African Sun Limited (ASL) has announced plans to sell its iconic Caribbea Bay Resort in Kariba, marking the latest move in the company's continued disposal of non-core assets....Published: 29 May 2025 at 13:36hrs | 687 | by Staff reporter
How the NRZ Can Fund Zimbabwe's Pensioners on Its Own
As Zimbabweans, do we pause to look inward and realise that some of the solutions we desperately seek already lie within our own institutions. The National Railways of Zimbabwe (NRZ) stands as a t...Published: 24 May 2025 at 23:02hrs | 426 | by Jacob Kudzayi Mutisi
NMBZ finalises US$70m external credit lines
Zimbabwe Stock Exchange-listed financial services group NMBZ Holdings is on the verge of securing external lines of credit worth over US$70 million, as part of its broader strategy to unlock US$100 mi...Published: 19 May 2025 at 09:19hrs | 84 | by Staff reporter
Delta highlights Zimbabwe's economic
Delta Corporation, Zimbabwe's leading brewer and soft drinks manufacturer, has painted a stark picture of the nation's economy, highlighting its persistent fragility despite signs of resilience in con...Published: 16 May 2025 at 15:03hrs | 674 | by Staff reporter
Ariston reduces costs with new solar plants
Zimbabwe Stock Exchange-listed agricultural company, Ariston Holdings Limited, has reported substantial financial savings driven by its investment in solar energy projects, which have helped reduce de...Published: 16 May 2025 at 10:08hrs | 70 | by Staff reporter
FBC blames tight policy for choking transaction volumes
Financial services giant FBC Bank has attributed a sharp decline in transaction volumes to the Reserve Bank of Zimbabwe's (RBZ) continued tight monetary policy, which it says has squeezed liquidity an...Published: 16 May 2025 at 09:50hrs | 72 | by Staff reporter
Zimbabwe to get first dollar-listed REIT as property heats up
Zimbabwe is set to get its first dollar-denominated real estate investment trust listing on Friday, as demand for property stocks grows.Eagle REIT is seeking to raise $62 million from the list...Published: 15 May 2025 at 09:58hrs | 776 | by Staff reporter
ZSE launches AI-enabled data direct platform
The Zimbabwe Stock Exchange Limited (ZSE) has unveiled Data Direct, a new artificial intelligence (AI)-enabled platform designed to improve access to comprehensive market data as part of its digital t...Published: 15 May 2025 at 09:19hrs | 29 | by Staff reporter
ZSE granted self-listing approval
The Zimbabwe Stock Exchange (ZSE) is set to list itself on its own bourse following the gazetting of Statutory Instrument 49 of 2025 by the Minister of Finance, Economic Development and Investment Pro...Published: 12 May 2025 at 18:12hrs | 97 | by Staff reporter
Zimbabweans rush into property
Zimbabweans are snapping up properties as a safe-haven against currency uncertainty and the frequent economic policy U-turns that have scared off investors, at a time when a popular hedge - the countr...Published: 11 May 2025 at 16:38hrs | 1690 | by Staff reporter
Whi-Zim's cement plant progressing well in Zimbabwe
Construction of a multi-million-dollar cement manufacturing plant by Chinese firm Whi-Zim on the outskirts of Magunje Growth Point is progressing smoothly, with commissioning scheduled for June 2025, ...Published: 10 May 2025 at 20:48hrs | 1500 | by Staff reporter
Muchenje takes the reins at Schweppes
Schweppes Holdings Africa Limited has announced the appointment of seasoned beverages executive, Mr Stanley Muchenje, as its new Managing Director, effective 1 May 2025.Muchenje takes over fro...Published: 07 May 2025 at 13:25hrs | 297 | by Staff reporter
Former Zimbabwe Stock Exchange boss dies
Former Zimbabwe Stock Exchange (ZSE) chairman and revered stockbroker Ndodana Mguquka has died. He was 51.Mguquka passed away in the early hours of the morning at Samuel Leon Medical Centre in...Published: 02 May 2025 at 16:57hrs | 2163 | by Staff reporter
VFEX sees massive jump in Q1 turnover
The Victoria Falls Stock Exchange (VFEX) recorded a significant jump in trading activity during the first quarter of 2025, with market turnover reaching US$58.5 million — a 383 percent increase from...Published: 28 Apr 2025 at 12:09hrs | 23 | by Staff reporter
The Smart Investor's Guide to Thriving After a Crash
Warren Buffett's advice that "fear when everyone is greedy and greed when everyone is fearful" remains particularly relevant for investors in today's unpredictable market, especially after a crash. Th...Published: 25 Apr 2025 at 12:21hrs | 158 | by Staff Reporter
UK firm secures US$5m to fund gold mines in Zimbabwe
United Kingdom-based mining firm Kavango Resources Plc has secured a US$5 million interest-free funding facility from the Comarton Managed Pension Funds' Investments Consortium to accelerate its gold ...Published: 24 Apr 2025 at 07:08hrs | 145 | by Staff reporter
Zimpapers faces US$13 million scandal amid Audit revelations
A shocking internal audit at Zimbabwe Newspapers (1980) Ltd (Zimpapers), the country's largest and oldest media conglomerate, has uncovered a potential US$13 million misappropriation of funds, raising...Published: 14 Apr 2025 at 12:57hrs | 1916 | by Staff reporter
Zimbabwe white former farmers start receiving compensation
The Government of Zimbabwe has begun compensating white former commercial farmers whose land was repossessed during the Land Reform Programme, marking a pivotal step in the country's efforts to resolv...Published: 10 Apr 2025 at 09:01hrs | 91 | by Staff reporter
Police probe NSSA boss over RTG extortion plot
NSSA chairman, Emmanuel Fundira was on Wednesday questioned by the police in connection with an extortion case involving former Rainbow Tourism Group (RTG) senior employee Paula January.The de...Published: 18 Mar 2025 at 10:45hrs | 637 | by Nathan Guma
NSSA chair implicated in extortion case
National Social Security Authority (NSSA) chairman Emmanuel Fundira was questioned by police on Wednesday in connection with an extortion case involving former Rainbow Tourism Group (RTG) senior emplo...Published: 17 Mar 2025 at 09:37hrs | 465 | by Staff reporter
Corporate Raiding Plot Unraveling: Nssa and RTG Directors Meet to Tackle Manipulation of Share Prices and Takeover Attempt
NATIONAL Social Security Authority (Nssa) and Rainbow Tourism Group (RTG) directors and management executives are set to meet today to deal with the plot to take over the tourism and hospitality giant...Published: 25 Feb 2025 at 13:16hrs | 364 | by NewsHawks
Khaya Cement to de-list on ZSE
KHAYA cement is set to de-list on the Zimbabwe Stock Exchange (ZSE) as part of the resuscitation strategy amid indications that the major shareholder, Fossil Mines, will sale its shares at a loss as s...Published: 19 Feb 2025 at 20:21hrs | 595 | by Staff Reporter
NSSA chairman embroiled in underhand Rainbow Tourism Group takeover bid
NATIONAL Social Security Authority (Nssa) chairman Emmanuel Fundira, who is former chairman of African Sun Limited, and an ex-Rainbow Tourism Group (RTG) senior executive Paula January are accused of ...Published: 18 Feb 2025 at 20:01hrs | 1544 | by NewsHawks
Mphoko's son moves to block Choppies sale to Raji Modi
Siqokoqela Mphoko, son of the late former Vice President Phelekezela Mphoko, has filed an urgent chamber application seeking to prevent the sale of Choppies Zimbabwe to Bulawayo businessman and Deputy...Published: 16 Feb 2025 at 16:42hrs | 1961 | by Staff reporter
Shock management changes at Zimpapers Media Group
Zimbabwe Newspapers (1980) Limited (Zimpapers), the country's largest media conglomerate, has announced major senior management changes as it embarks on a sweeping digital transformation process. The ...Published: 18 Jan 2025 at 18:55hrs | 1832 | by Staff reportetr
Zhengzhou Bus Zimbabwe denies suspension of operations
Chinese bus manufacturer Zhengzhou Bus Zimbabwe has dismissed falsehoods that it has suspended its operations locally.The company, which is known for its popular Zhongtong and Yutong brands of...Published: 16 Jan 2025 at 07:15hrs | 2952 | by Staff reporter
Tongaat Hulett to sell Zimbabwe operations in ZAR5.9 billion deal
South African agriculture and agri-processing giant, Tongaat Hulett Limited (THL), has announced its decision to offload its Zimbabwe operations to the Vision Group, a South African investment consort...Published: 29 Dec 2024 at 08:49hrs | 1125 | by Staff reporter
Marula Mining ceases Zimbabwe operations
Marula Mining PLC, an investment and development company focused on African mining opportunities, has officially announced that it will cease exploration and project acquisition activities in Zimbabwe...Published: 16 Dec 2024 at 13:55hrs | 2117 | by Staff reporter
Zimbabwe's banking sector sees surge in US dollar deposits
Zimbabwe's banking sector has experienced a remarkable increase in confidence, with foreign currency deposits rising by 13% to US$2.64 billion in October 2024, compared to the same period in 2023. Thi...Published: 14 Dec 2024 at 12:35hrs | 2179 | by Staff reporter
CBZ blocked from increasing FMHL stake
CBZ Holdings has confirmed that it will not proceed with its planned buyout of minority shareholders in First Mutual Holdings Limited (FMHL), following a decision by the Competition and Tariff Commiss...Published: 10 Dec 2024 at 06:52hrs | 211 | by Staff reporter
London declining as financial center
The number of companies listed on the London Stock Exchange (LSE) is decreasing at the quickest pace in more than ten years, Bloomberg has reported, citing data compiled by the outlet.In 2024,...Published: 06 Dec 2024 at 14:20hrs | 283 | by Staff reporter
SA-based Diaspora Kapita to issue US$10m bond in Zimbabwe
South Africa-based investment holding firm Diaspora Kapita (DK) is set to make waves in the Zimbabwean financial landscape as it prepares to list on the Victoria Falls Stock Exchange (VFEX) and raise ...Published: 02 Dec 2024 at 07:16hrs | 198 | by Staff reporter
Zanu-PF's Raj Modi interested in Choppies acquisition
Local trading firm Pin Tail Trading, which operates the Sai Mart retail chain, has expressed interest in acquiring Choppies Enterprises Limited's Zimbabwe operations. The leading supermarket chain rec...Published: 01 Dec 2024 at 08:54hrs | 3512 | by Staff reporter
Zanu-PF is the big monster
AS recent as last week, Elon Musk's fortune had swelled to a stupendous and eye-watering US$348 billion, making him probably the richest man on the planet.It is just obscene that one person's ...Published: 01 Dec 2024 at 08:25hrs | 307 | by Bishop Lazarus
Choppies considers exiting Zimbabwe
Choppies Enterprises Limited has announced its intention to sell the business operations of its wholly-owned subsidiary, Nanavac (Pty) Ltd, trading as Choppies Zimbabwe, subject to discussions and reg...Published: 29 Nov 2024 at 18:26hrs | 6216 | by Staff reporter
Ecocash loses ZWG 148,7 million in conversion to new currency
Ecocash Holdings Zimbabwe Limited, a leading diversified digital solutions group, has reported a loss of ZWG 148.7 million following the transition to the newly introduced ZWG currency, which was intr...Published: 21 Nov 2024 at 06:35hrs | 1938 | by Staff reporter
'ZSE left with two valuable counters'
The Zimbabwe Stock Exchange (ZSE) is witnessing a significant shift, with Delta Corporation Limited and Econet Wireless Zimbabwe now standing as the only major valuable counters on the bourse. Several...Published: 20 Nov 2024 at 07:03hrs | 199 | by Staff reporter
Gold glitters as Caledonia's profit after tax jumps 872%
Caledonia Mining Corporation Plc, listed on the Victoria Falls Stock Exchange, has reported a remarkable 872% rise in profit after tax to US$16.45 million for the nine months ending September 30, 2024...Published: 12 Nov 2024 at 10:57hrs | 136 | by Staff reporter
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