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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'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 | | 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

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

'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

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

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 | | 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

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

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