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Zimbabwe trade deficit drops 94.5% in July

Zimbabwe's external trade position saw a remarkable turnaround in July 2025, with the nation's goods trade deficit plunging by 94.5 percent to just US$8.7 million, according to the Zimbabwe National Statistics Agency (Zimstat). The sharp i…

Published: 31 Aug 2025 at 09:19hrs | 57 | by Staff reporter

Inmates trade sugar, porridge for weed

GWANDA - Two serving prison inmates, Hloniphani Mkwananzi (42) and Tiisetse Ngulube, have been sentenced to 15 months in prison for trading food items received from relatives in exchange for cannabis.The items included four packets of suga…

Published: 16 Jul 2025 at 16:01hrs | 561 | by Gideon Madzikatidze

US warns Zimbabwe trade talks could collapse

The United States has cautioned that Zimbabwe's efforts to secure reduced tariffs on its exports face significant risks due to tight negotiation timelines, even as a temporary reprieve has been granted by the Trump administration.On April …

Published: 12 Jun 2025 at 19:01hrs | 330 | by Staff reporter

'Zimbabwe, EU ties to top US$1bn'

Trade and investment ties between Zimbabwe and the European Union (EU) are expected to exceed US$1 billion in the coming years, as both parties strengthen economic collaboration, EU Ambassador to Zimbabwe Jobst Von Kirchmann announced yest…

Published: 21 May 2025 at 19:54hrs | 287 | by Staff reporter

Zimbabwe's trade deficit widens by 28%

Zimbabwe's trade deficit ballooned to US$543 million in the first quarter of 2025, marking a 28% increase from the US$424 million recorded during the same period last year, according to the latest figures from the Zimbabwe National Statist…

Published: 17 May 2025 at 14:01hrs | 109 | by Staff reporter

Govt approves motorbikes for rural district councillors

The Ministry of Local Government and Public Works has authorized rural district councils (RDCs) to acquire motorbikes for their councillors as part of a broader government initiative to improve service delivery across rural Zimbabwe.Severa…

Published: 13 May 2025 at 10:25hrs | 155 | by Staff reporter

17 tonnes of T-shirts land Zimra officials, NGO director in court

Two Zimbabwe Revenue Authority (Zimra) officials, along with five other individuals, have been arrested and brought before the Harare Magistrates' Courts following allegations of smuggling 17 tonnes of T-shirts into the country to evade im…

Published: 13 May 2025 at 10:25hrs | 5842 | by Staff reporter

Zimbabwe, EU celebrate growing trade

Zimbabwe and the European Union (EU) have marked a significant milestone in their growing economic partnership, with trade between the two entities increasing by 30% and foreign direct investment (FDI) surging by 90% in recent years.At a p…

Published: 13 May 2025 at 10:23hrs | 133 | by Staff reporter

China reaffirms commitment to Zimbabwe's industrialisation agenda

Chinese ambassador Zhou Ding has reiterated his country's strong commitment to supporting Zimbabwe's industrialisation and sustainable development agenda, as economic ties between the two nations continue to strengthen.Speaking at the Inte…

Published: 25 Apr 2025 at 07:27hrs | 34 | by Staff reporter

Brigadier-General Rungani dies

Retired Brigadier-General Victor Chikudo Rungani, a respected figure in the Zimbabwe National Army (ZNA) and a prominent member of the Masvingo Business Association, has passed away at the age of 76. He died early on Tuesday morning at Mbu…

Published: 24 Apr 2025 at 07:17hrs | 697 | by Staff reporter

Colonial master pledges stronger trade and investment ties with its colony

The United Kingdom has reaffirmed its commitment to strengthening relations with Zimbabwe, placing a particular focus on boosting trade and investment between the two countries. This was revealed by British Ambassador to Zimbabwe, Mr Pete …

Published: 24 Apr 2025 at 07:16hrs | 74 | by Staff reporter

Key Sadc trade talks begin in Victoria Falls

Zimbabwe is set to host the five-day Southern African Development Community (SADC) Technical Barriers to Trade (TBT) Cooperation Structures meetings, starting tomorrow, March 24, in Victoria Falls. The high-level discussions, running until…

Published: 23 Mar 2025 at 08:05hrs | 133 | by Staff reporter

Zimbabwe trade deficit narrows to US$137,7 million

Zimbabwe's trade deficit shrank to US$137.7 million in October 2024, marking a 34.3% decrease from the US$209.5 million recorded in September. This positive trend is attributed to a significant growth in exports and continued trade with ke…

Published: 07 Dec 2024 at 10:33hrs | 527 | by Staff reporter

China-Zimbabwe trade hits US$3 billion

Trade between Zimbabwe and China has surpassed US$3 billion in 2024, highlighting the growing economic ties under a comprehensive strategic partnership, Chinese Ambassador to Zimbabwe Zhou Ding revealed on Friday.Speaking during the China-…

Published: 29 Nov 2024 at 18:43hrs | 330 | by Staff reporter

'Britain will not pay slave trade reparations'

Britain will not raise the issue of reparations for transatlantic slavery at a meeting of Commonwealth nations this week, according to a Reuters report on Monday.The Commonwealth Heads of Government Meeting (CHOGM) kicked off in Samoa on M…

Published: 22 Oct 2024 at 10:51hrs | 677 | by Staff reporter

Zimbabwe, United Kingdom trade up 67%

Trade between Zimbabwe and Britain surged by 67 percent to over US$800 million in 2023 compared to 2022, according to UK deputy ambassador to Zimbabwe, Dr. Joanne Abbot. Speaking at the launch of the Monty's and Central Association of Coop…

Published: 26 Jul 2024 at 06:34hrs | 139 | by Staff reporter

Fresh push to drive intra-Sadc trade

Industry and Commerce Minister Nqobizitha Ndlovu urged the private sector to identify obstacles hindering regional trade within Sadc nations, aiming to enhance intra-Africa trade amid recent tensions between Zimbabwe and Zambia. The diplom…

Published: 24 Jun 2024 at 07:03hrs | 4 | by Staff reporter

Intra-Africa exports surge

At the 31st Afreximbank Annual Meetings in Nassau, The Bahamas, Kwazulu-Natal premier Nomusa Dube-Ncube highlighted Africa's growing intracontinental commerce, which now constitutes 16.3% of total trade. This figure, while relatively modes…

Published: 13 Jun 2024 at 10:26hrs | | by Staff reporter

Zimbabwe suffers US$6,8 billion trade gap

ZIMBABWE has operated in negative trade deficit of US$6,8 billion for the last four years,  a trend which is unsustainable in the long run according to Buy Zimbabwe, a campaign outfit that advocates for the consumption of domestic pro…

Published: 25 Feb 2024 at 07:21hrs | 14 | by Staff reporter

Zimbabwe to grow trade with friendly nations

THERE is a need to increase trade with friendly countries as a strategy to counter illegal sanctions imposed on Zimbabwe by some powerful Western nations, President Mnangagwa said here yesterday after meeting executives from the world's le…

Published: 15 Feb 2024 at 10:03hrs | 1 | by Staff reporter

Zimbabwe's trade deficit reaches US$268,7million

ZIMBABWE exported goods worth US$550,6 million in December with three major export destinations South Africa, the United Arab Emirates and China accounting for about 73 percent of the total value, latest data from the Zimbabwe Statistics A…

Published: 30 Jan 2024 at 04:21hrs | 2 | by Staff reporter

Zimbabwe, UK enter new trade era

THE influential Westminster Africa Business Group has expressed its interest to set up camp in Zimbabwe and open doors for British investments to come into the country.This comes as Zimbabwe has put in place appropriate policy and legislat…

Published: 24 Jan 2024 at 04:48hrs | 2 | by Staff reporter

China-Zimbabwe trade surges by 29.9% in 2023

Trade between China and Zimbabwe hit a record high of 3.12 billion U.S. dollars in 2023, reflecting a 29.9 percent increase from the previous year, the Chinese Embassy in Zimbabwe said Monday."Zimbabwe exported 1.71 billion dollars to Chin…

Published: 23 Jan 2024 at 04:45hrs | 17 | by Staff reporter

Zimbabwe signs 13 air trade agreements

PARLIAMENT has approved bilateral air trade agreements with 13 nations, Transport minister Felix Mhona has said.Mhona said the agreements were in terms of section 327 of the Constitution.The minister said this while raising a motion on the…

Published: 14 Jun 2023 at 06:35hrs | 3 | by Staff reporter

Mthuli Ncube weaponising foreign trade to fight local firms

ZIMBABWE'S rulers think that it is within their rights to destroy their economy and turn to neighbours for stop gap solutions.This weird belief was passed from the late strongman, Robert Mugabe to his successor, President Emmerson Mnangagw…

Published: 20 May 2023 at 19:58hrs | 2 | by Staff reporter

China-Zimbabwe trade up 30%

TRADE between Zimbabwe and China went up by 29,9% to US$1,7 billion between January and September this year.The statistics were revealed by Chinese ambassador to Zimbabwe Guo Shaochun during a discussion with local editors on China-Zimbabw…

Published: 17 Nov 2022 at 05:07hrs | | by Staff reporter

Zimbabwe, Russia deepen bi-lateral, trade relations

ZIMBABWE and Russia have committed to deepen and expand bilateral relations that exist between the two countries.This came out during the Fourth Session of the Zimbabwe-Russia Intergovernmental Commission (ICG) on economic, trade, scientif…

Published: 02 Jun 2022 at 06:39hrs | | by Staff reporter

CCC, Zanu-PF trade accusations

TENSION is rising ahead of the Chitungwiza ward 7, Zengeza West by-election with Zanu-PF and the opposition Citizens Coalition for Change (CCC) accusing each other of perpetrating political violence.The seat fell vacant after former Chitun…

Published: 05 May 2022 at 07:13hrs | 10 | by Staff reporter

Mnangagwa applauds Zimbabwe's biggest trade showcase ever

THE Zimbabwe International Trade Fair (ZITF) ended in Bulawayo yesterday, marking another milestone for the city, with President Mnangagwa noting that the success of the event was evidence that the country's economy was now on a recovery m…

Published: 01 May 2022 at 11:15hrs | 4 | by Staff reporter

Zimbabwe's trade deficit narrows

Zimbabwe recorded a sharp decline in trade deficit in January this year after exports surged modestly compared to the prior month, December 2021, official statistics show.In January 2022 Zimbabwe exported goods worth US$5439 million, 8 per…

Published: 11 Apr 2022 at 06:27hrs | 3 | by Staff reporter

Sino-Zimbabwe trade nears US$2bn

TRADE between Zimbabwe and China reached close to US$ 1, 9 billion in 2021, in a show of the positive outcomes of the growing relations between Harare and Beijing.The trade figures increased by almost 35 percent compared to 2020.In an inte…

Published: 06 Mar 2022 at 08:15hrs | 1 | by Staff reporter

ASX halts Arcadia trading

AUSTRALIA Stock Exchange (ASX)listed resources firm halted trading on Tuesday amid reports the firm has lined up a capital raising deal.The firm has been developing Arcadia lithium mine in Zimbabwe since 2018.Tuesday's development came a f…

Published: 15 Apr 2021 at 07:30hrs | 1 | by Staff reporter

AfCFTA will launch Africa forward post Covid-19

THE African Continental Free Trade Area (AfCFTA) was established in 2018 with the aim to create a single market for goods and services, facilitated by movement of persons to deepen the economic integration of the African continent, under t…

Published: 31 Jan 2021 at 10:03hrs | 1 | by Admire Maparadza Dube

US reviews trade preferences eligibility for Zimbabwe

THE United States of America has announced that it will begin a Generalized System of Preferences (GSP) trade preferences eligibility review for Zimbabwe.Below is the press statement:The Office of the United States Trade Representative (US…

Published: 02 Nov 2020 at 07:01hrs | 5 | by Staff reporter

Interbank trades hit US$5m daily

Over US$5 million is now being traded daily on the interbank foreign exchange market as business confidence on the platform continues to grow. President Mnangagwa revealed these statistics in his key note address at the Heroes Day commemor…

Published: 13 Aug 2019 at 07:07hrs | | by Staff reporter

'No fix to illegal forex trade'

PRESIDENT Emmerson Mnangagwa says his administration has no immediate solution to dealing with illegal foreign currency trade despite admitting its role in the economic crisis.Last week, official figures showed that inflation nearly double…

Published: 22 Jul 2019 at 08:14hrs | | by Staff reporter

'Embrace RTGS dollar for local trade'

RESERVE Bank of Zimbabwe (RBZ) deputy governor Dr Kupukile Mlambo has called on Zimbabweans to embrace the reference RTGS dollar for domestic transactions and reduce pressure on foreign currency requirements for the economy.  This com…

Published: 05 Jun 2019 at 07:53hrs | | by Staff reporter

Zimbabwe trade deficit drops

Zimbabwe's trade deficit narrowed 37 percent in October last year to $144 million after total exports jumped 25 percent to $449 million largely driven by a 300 percent vault in tobacco shipments, according to latest data published by the R…

Published: 10 Jan 2019 at 07:39hrs | 1 | by Business Weekly.

'Trade in forex, pay tax in forex'

The Zimbabwe Revenue Authority has directed businesses that are trading in multi-currencies to remit taxes in the same currency in which the goods have been sold. "Zimbabwe Revenue Authority has noticed that there are businesses that are t…

Published: 19 Nov 2018 at 05:56hrs | | by Staff reporter

Zimbabwe parliament should ratify continental free trade pact

On March 21 this year, President Emmerson Mnangagwa was one of the Heads of State and government who signed the African Continental Free Trade (AfCFTA).The protocol has now been signed by 49 of the 55 African Union (AU) member States. Desp…

Published: 02 Nov 2018 at 06:03hrs | 3 | by John Makamure

Zimbabwe trade deficit with SA jumps three-fold

ZIMBABWE'S trade deficit with South Africa jumped 285% to $585,76 million in the period February to September this year compared to $152,1 million recorded during the same period last year, latest figures show.The country imported goods an…

Published: 17 Oct 2018 at 07:03hrs | 17 | by Staff reporter

Golix stop clients from trading cryptocurrency

Golix has advised their clients not to deposit any money into their accounts as the cryptocurrency exchange battles for survival following an onslaught on virtual currencies by the Reserve Bank of Zimbabwe.In a statement to their clients y…

Published: 30 May 2018 at 08:41hrs | 2 | by Staff reporter

Kenyan, Mauritian experts address Zimnat trade credit conference

A high level conference on the role of trade credit insurance in promoting and supporting increased trade will be held on June 8 at Cresta Lodge in Harare.The conference, which has been organised by the Zimnat Trade Credit Insurance, Bonds…

Published: 23 May 2018 at 08:29hrs | 4 | by Agencies

Mnangagwa's daughter sucked in illicit ivory trade court case

Two ivory dealers have appeared in court facing charges of illegally selling unregistered ivory products in a case which has sucked in former first lady Grace Mugabe and President Emmerson Mnangagwa's child, Tariro.State prosecutor Francis…

Published: 15 May 2018 at 09:30hrs | 11 | by Staff reporter

Mnangagwa to sign Africa free trade treaty

President Mnangagwa will today join fellow African leaders here for the signing and launch of the African Continental Free Trade Area (AfCTA) agreement during the African Union Extraordinary Session of Heads of State and Government.The Pre…

Published: 21 Mar 2018 at 05:30hrs | 2 | by Staff reporter

Zimbabwe's trade deficit narrows

ZIMBABWE'S trade deficit narrowed by 14,5 percent (US$98 million) to US$576 million in the first three months of the year from the same period a year earlier, as exports jumped 15,7 percent to US$724 million driven mainly by mineral export…

Published: 28 May 2017 at 09:06hrs | | by Staff reporter

Zimbabwe in $14.2 million trade surplus against SA

ZIMBABWE recorded $14.2 million trade surplus against its major trading partner, South Africa, after exporting goods worth $185.4 million to the neighbouring country in February compared to $171.2 million imports.Latest data from the Zimba…

Published: 28 Mar 2017 at 06:22hrs | 1 | by Staff reporter

Intra-Africa trade poorly only at 12.5%- Mashakada

An MDC-T senior member and economic analyst Tapiwa Mashakada has said while the volume of trade between Africa and the world stands at 60% the intra-Africa trade is poorly only at 12.5%.He said Boosting intra-Africa Trade (BIAT) and the fr…

Published: 27 Mar 2017 at 06:35hrs | 1 | by Stephen Jakes

Mugabe takes swipe at SA

Zimbabwean President Robert Mugabe has taken a swipe at South Africa for what he says is Pretoria's failure to open up free trade in the Southern African Development Community (SADC) region.ile Picture: Zimbabwe's President Robert MugabeSp…

Published: 21 Mar 2017 at 13:11hrs | 1 | by Staff reporter

Zimbabwe must rely less on South Africa - Study

Harare - Zimbabwe needs to explore new global markets with the view of diversifying from heavy reliance on South Africa, a new Trade and Transport Facilitation Assessment study on Zimbabwe has shown.According to the study, the country need…

Published: 19 Jun 2013 at 15:39hrs | | by Fin24

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One-stop border post at Beitbridge

ZESA to replace old prepaid electricity meters

Missing person alert

Bulawayo hit by 2 armed robberies, losses exceed US$30k

Fast-food levy nets US$1 million for Treasury in 6 months

Process to gazette slashed levies begins

Victoria Falls to host high-stakes conference

2 die in Bulawayo hit-and-runs

Lovers found dead in suspected murder-suicide

Zimbabwe's World Tourism Expo ends on a high note

Zimbabwe's informal economy a risk to anti-money laundering drive

Advocate Mpofu takes on State House security guards

Chinese nationals fined only US$150 for cocaine in the Banana republic

Zimbabwe grain import ban affecting SA farmers

7 dead in Masvingo-Beitbridge road crash

No excuses will end Zimbabwe's electricity shortages without accountability, investment, and reform

Zim schools to introduce anti-sanctions curriculum, from ECD

National Sports Stadium rehab will be completed by year-end

High Court nullifies US$140,000 property sale in divorce dispute

Bulawayo records major HIV decline

Elderly overlooked in HIV prevention

Tagwirei publishes snakebite management guidebook

General Mutamba honoured with Zimbabwe's top policing award

Woman found buried in garden, stepdaughter arrested

Zimbabwe's highways double as drug pipelines

Zimbabwe accelerates school construction drive

Married woman caught pants down

Mnangagwa caps 640 HIT graduates

Zim medics become lifeline for migrants in South Africa

Man arrested for highlighting poor sanitation at Registrar's office

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