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Zimbabwe govt scraps VAT on livestock sales
The Ministry of Finance, Economic Development, and Investment Promotion has proposed VAT exemptions on live animals to boost meat demand and support formal trade in the livestock sector. Last ...Published: 17 hrs ago | 257 | by Staff reporter
Fresh blitz against illegal forex dealers in Zimbabwe
The police and the Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) have initiated a crackdown on illegal currency traders. This week, numerous money changers were arrested, with many stil...Published: 17 hrs ago | 366 | by Staff reporter
Mthuli Ncube makes bold measures to anchor ZiG stability
The Government has introduced measures to enhance the stability of the Zimbabwe Gold (ZiG) currency, promote its use, and provide tax relief to boost consumer spending and production. In the Mid-Term ...Published: 17 hrs ago | 288 | by Staff reporter
Zimbabwe's lithium gambit: Navigating China-US rivalry
Lithium is Zimbabwe's third-largest mineral export after gold and platinum group of metals, bringing in US$2,46 billion and US$2,27 billion, respectively, in 2023.AS the world is going through...Published: 15 Jul 2024 at 08:17hrs | 214 | by Samir Bhattacharya
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 | 47 | by Staff Reporter
A tale of illegal night trading in Bulawayo
In the heart of Bulawayo's central business district, a bustling underground market emerges as night falls, contrasting sharply with the daytime vibrancy of legal vendors. While daytime sees legitimat...Published: 12 Jul 2024 at 08:14hrs | 15 | by Staff reporter
Why Zimbabwe should break free from the US dollar's grip
Government Up Close"Normalcy is that a country must have its own currency," President Mnangagwa is on record highlighting this fact.Some people have argued that one of the gravest fina...Published: 11 Jul 2024 at 14:10hrs | 59 | by Nick Mangwana
Debunking mischief about Tagwirei, Sakunda
There has been a sustained casting of aspersions over the success of businessman Mr Kudakwashe Tagwirei, whom I will simply call Kuda, from anti-Zimbabwe media and activists both locally and outside t...Published: 10 Jul 2024 at 16:49hrs | 5 | by Rutendo Bereza Matinyarare
Zimbabwe holds 7th rank in global rough diamond production
Zimbabwe has maintained its seventh position in global rough diamond production according to the Kimberley Process Certification Scheme. Despite facing sanctions and strict trading rules in major US a...Published: 10 Jul 2024 at 15:42hrs | 5 | by Staff reporter
Ministry advocates for skills audit, accreditation for Mbare Siyaso
The Ministry of Skills Audit and Development has expressed it's quest to audit, accredit and create a database for some unregistered skilled operators wit...Published: 10 Jul 2024 at 00:29hrs | 12 | by Gideon Madzikatidze/Simbarashe Sithole
John II's mission impossible to save Zimbabwe economy clocks 100 days
Zimbabwe's new central bank Governor John Mushayavanhu has done the seemingly impossible in his first 100 days - created a stable currency and tamed price pressures in a nation that's been a poster-ch...Published: 08 Jul 2024 at 11:06hrs | 3 | by Staff reporter
Boost for ZSE as govt suspends tax on stocks
Government has implemented significant tax reductions and suspensions aimed at revitalizing trading activity on the Zimbabwe Stock Exchange (ZSE). The 40% capital gains tax (CGT) on stocks sol...Published: 02 Jul 2024 at 06:36hrs | | by Staff reporter
Flimsy tactics to resist use of ZiG exposed
Some shops in Bulawayo are defying government regulations by exclusively trading in US dollars and South African rand, ignoring the Zimbabwe Gold (ZiG) currency, despite legal obligations under Statut...Published: 02 Jul 2024 at 06:29hrs | | by Staff reporter
Zambia to criminalise the use of US$ in local economy
Zambia's central bank published plans to criminalize the use of foreign currency in the local economy amid the biggest rally in the kwacha in four months.The southern African nation has faced ...Published: 01 Jul 2024 at 08:46hrs | 3 | by Staff reporter
Fake clearing agent dupes businessman
Sadam Mangwiro, a director at GAFA Holdings (Pvt) Ltd, a South African trading company, has allegedly fallen victim to fraud by a fake clearing agent in Harare. The accused, Isaac Bachi (39), appeared...Published: 30 Jun 2024 at 18:33hrs | | by Staff reporter
Zimbabwe in top five Bitcoin markets
Zimbabwe has emerged as one of the top five African nations embracing Bitcoin and other digital currencies, according to a report by Equity Axis. This finding coincides with recent efforts by Zimbabwe...Published: 30 Jun 2024 at 18:30hrs | 1 | by Staff reporter
Airtime vendor mistaken for forex dealer, detained for 2 months
Tonderai Hove, a 31-year-old airtime vendor from Beitbridge, Zimbabwe, experienced a moment of relief as he was released from custody after two months. Magistrate Takudzwa Gwazemba ordered his release...Published: 30 Jun 2024 at 18:26hrs | | by Staff reporter
Pharmacist in US$260 000 fraud
Douglas Nzombe Chiutsi, a pharmacist based in Mutare, Zimbabwe, is facing serious allegations of embezzlement totaling US$258,708 from his employer, Healthwell pharmacy trading as Clique Pharmacy. Rep...Published: 30 Jun 2024 at 18:25hrs | | by Staff reporter
Mukuru employees in US$100,000 fraud
Two Mukuru employees, Bessie Mbiro (35) and Tinotenda Ranganwa (31), faced charges of money laundering and fraud in Harare magistrate court after allegedly stealing US$100,000 from their employer. Rep...Published: 28 Jun 2024 at 07:43hrs | 6 | by Staff reporter
BCC allocates 1 636 trading bays in CBD
The Bulawayo City Council has completed the allocation of 1,636 trading bays for informal traders along 5th Avenue and at Bhaktas sites. This move comes in response to the sharp increase in informal t...Published: 28 Jun 2024 at 07:40hrs | | by Staff reporter
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?Ever since the Zimbabwe government announced a new currency on 5th April 2024, they have never ceased bragging over...Published: 26 Jun 2024 at 20:56hrs | 1 | by Tendai Ruben Mbofana
Zimbabwe currency code changes to ZWG
The World Bank International Organisation for Standardisation (ISO) Committee has approved the change of Zimbabwe's local currency code from ZWL to ZWG (Zimbabwe Gold).The ISO 4217 standard, w...Published: 26 Jun 2024 at 13:00hrs | 3 | by Staff reporter
Dembare's struggles in front of goal persists
Manica Diamonds 0 - 0 DynamosDynamos continued their struggle to secure a victory as they settled for a draw against Manica Diamonds in a pulsating Castle Lager Premier Soccer League match at Saku...Published: 24 Jun 2024 at 07:05hrs | | by Staff reporter
Injuries as municipal police, vendors
A clash between illegal vendors and municipal police on 5th Avenue in Bulawayo resulted in injuries for about a dozen vendors. The raid, intended to enforce municipal by-laws on informal trading, turn...Published: 24 Jun 2024 at 06:26hrs | 1 | by Staff reporter
Zimbabwe's banks not ready for cryptocurrency
At the inaugural Capital Markets Conference in Nyanga, it was disclosed that Zimbabwean banks are not yet prepared to fully integrate cryptocurrency trading, despite ongoing efforts by regulators to d...Published: 23 Jun 2024 at 10:40hrs | 1 | by Staff reporter
Zimbabweans should now see it's corruption, not 'sanctions', causing their suffering!
Zimbabweans has been engulfed in a seemingly unending debate as to what is the real source of their two-and-a-half-decade-long suffering.There have been two dominant narratives.Unsurpr...Published: 22 Jun 2024 at 21:50hrs | 2 | by Tendai Ruben Mbofana
ZSE to list on own bourse
The Zimbabwe Stock Exchange (ZSE) is preparing to self-list on its own platform in the upcoming year, marking a significant milestone in its history. This move, aimed at accessing better risk-adjusted...Published: 22 Jun 2024 at 11:37hrs | | by Staff reporter
South African GNU and Zimbabwe economy
GNU as portfolio controlThis week, South Africa's President Cyril Ramaphosa was inaugurated for his second and last term in office under the current Constitution.What is now awaited is...Published: 22 Jun 2024 at 11:28hrs | 2 | by @Jamwanda2 on Saturday
Zimbabwe central bank dragged to court over forex
Linda Tsungirirai Masarira has filed an urgent High Court application against the Reserve Bank of Zimbabwe (RBZ), alleging that ordinary citizens are being unfairly constrained in accessing foreign cu...Published: 21 Jun 2024 at 11:30hrs | | by Staff reporter
Zimbabwe goes after social media foreign currency dealers
The Financial Intelligence Unit (FIU) says it has been monitoring social media platforms where foreign currency dealers have been advertising and promoting their illegal trade.The FIU claims t...Published: 20 Jun 2024 at 14:34hrs | 3 | by Staff reporter
Stability of Zimbabwe's currency prompts scrapping of stock market rule
The stability of Zimbabwe's new currency, the ZiG, has prompted authorities to scrap a rule in place since 2022 that requires investors on its main bourse to hold onto stocks for a period of 180 days ...Published: 14 Jun 2024 at 15:19hrs | | by Staff reporter
Zimbabwe is hardly undiscovered ground for the world's miners
Zimbabwe has huge amounts of unexplored and underexploited mineral resource potential and the world's resource companies could be lining up to rebuild Zimbabwe's once-mighty gold mines and metal refin...Published: 11 Jun 2024 at 09:59hrs | 3 | by Staff reporter
Bogus cop arrested for bashing suspected illegal forex dealer
A phony police officer, identified as Kundai Taruvinga (29), was apprehended while assaulting a Harare man suspected of engaging in illegal foreign currency trading. The incident took place at...Published: 10 Jun 2024 at 08:44hrs | | by Staff reporter
IMF to visit Zimbabwe next month
The International Monetary Fund (IMF) is scheduled to visit Zimbabwe this month for its Article IV consultation mission amid concerns about the country's economic trajectory. The mission will ...Published: 09 Jun 2024 at 09:10hrs | | by Staff reporter
Zimbabwe's crackdown against ZiG street dealers is good news
A monthlong-drive by Zimbabwean authorities to stifle the unofficial market in their new gold-backed currency is driving the business off the streets and into the bank.Zimbabwe has imposed fin...Published: 06 Jun 2024 at 08:34hrs | | by Staff reporter
Zimbabwe miner expects to triple gold output
Caledonia Mining plans to triple its gold output by developing Bilboes, the gold asset it acquired last year, using a single-phase development strategy. The company initially considered a phased appro...Published: 05 Jun 2024 at 14:15hrs | | by Staff reporter
Zimbabwe's ZiG currency still stronger than the rand!
Zimbabwe's currency, the ZiG, continues to hold firm after its debut, the central bank in the country said.The currency stands at 13.31 per US dollar, according to data published on the Reserv...Published: 04 Jun 2024 at 13:37hrs | 2 | by Staff reporter
Zimbabwe govt lifts suspension on three killer buses
The government has lifted the suspension on the licences of three public transport operators after conducting a review of their operations.Swaymo Enterprises (Pvt) Ltd, trading as Blue Circle;...Published: 03 Jun 2024 at 15:07hrs | | by Staff reporter
CCC strife intensifies
The internal strife over parliamentary posts within the Citizens Coalition for Change (CCC) has intensified, with factions trading accusations and criticizing Speaker Jacob Mudenda for alleged dishone...Published: 03 Jun 2024 at 08:21hrs | 2 | by Paidamoyo Muzulu
Tough weeks ahead for SA's major political parties
SOUTH Africa concluded its general elections on May 29, 2024. They were held to elect a new National Assembly as well as the provincial legislature in each of the nine provinces. This was the seventh ...Published: 03 Jun 2024 at 08:13hrs | | by Tapiwa Gomo
Egodini phase 2 kicks in
Terracotta Trading, the developer behind the Egodini Bus Terminus, is set to commence the second phase of the rehabilitation project, which will include the construction of the bus terminal building. ...Published: 02 Jun 2024 at 09:05hrs | 3 | by Staff reporter
Neville Mutsvangwa's bail ruling now set for Friday
Neville Mutsvangwa, the son of prominent Zanu-PF figures Christopher and Monica Mutsvangwa, will await his verdict on Friday as he appeals for bail at the High Court. Mutsvangwa stands accused of fore...Published: 30 May 2024 at 08:56hrs | 2 | by Staff reporter
Judge recuses herself from Mutsvangwa bail case
High Court judge Justice Esther Muremba has recused herself in the bail application for Zanu PF bigwigs Monica and Christopher Mutsvangwa's son, Neville, who is accused of violating the Exchange Contr...Published: 27 May 2024 at 10:17hrs | | by Staff reporter
Zanu-PF bigwig arrested
ZANU PF central committee member and transport mogul Esau Mupfumi was over the weekend arrested in Mutare following violent clashes involving rank marshals that rocked the city at Old Harare rank in t...Published: 27 May 2024 at 09:59hrs | | by Staff reporter
Zimbabwe authorities mix charm with force to shore up ZiG
THE introduction of the world's newest currency in April inspired a reggae artist to record a song praising the ZiG, or Zimbabwe Gold.The catchy tune, titled "Zig Mari," received generous play...Published: 27 May 2024 at 09:56hrs | 3 | by Associated Press
IMF calls Zimbabwe's switch to ZiG an 'important' step
The International Monetary Fund (IMF) has commended Zimbabwe's recent adoption of a new gold-backed currency, known as ZiG, viewing it as a positive development. This marks the IMF's first substantive...Published: 24 May 2024 at 08:20hrs | | by Staff reporter
Neville Mutsvangwa's bail ruling postponed
Neville Mutsvangwa, the son of Zanu-PF stalwarts Monica and Christopher Mutsvangwa, will remain in custody for an additional five days as his bail hearing has been rescheduled to May 27.Mutsva...Published: 22 May 2024 at 11:43hrs | | by Staff reporter
'Embrace ZiG to bring stability'
Vice President Kembo Mohadi recently emphasized the importance of collective effort in embracing the ZiG currency, stating that it will contribute to a smoother transition towards a more stable econom...Published: 22 May 2024 at 09:42hrs | | by Staff reporter
Bakers Inn to build second plant in Bulawayo
Baker's Inn, a division of Victoria Falls Stock Exchange-listed Innscor Africa, is expanding its operations by adding a second plant to its Belmont factory in Bulawayo.The company recently com...Published: 22 May 2024 at 09:33hrs | 2 | by Staff reporter
NRZ, Chinese firm in US$500 million investment deal
THE National Railways of Zimbabwe (NRZ) is gaining momentum in its recapitalisation efforts, as it has signed a lucrative agreement with TransTech, a subsidiary of China Railway International Group (C...Published: 20 May 2024 at 09:24hrs | 3 | by Staff reporter
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