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Zimbabwe cannot fund large-scale projects without monetary autonomy
Zimbabwe's economic debate is often framed through the lens of inflation control, exchange rate stability, and the day-to-day functionality of the US dollar in domestic transactions.Yet, benea...Published: 20 hrs ago | 119 | by Brighton Musonza
Zimbabwe Parliament demands removal of punitive taxes
Parliament has sharply escalated pressure on Treasury to urgently scrap punitive taxes, including the highly contentious 2% Intermediated Money Transfer Tax (IMTT), by August 31, 2025, in a bid to hal...Published: 26 Jun 2025 at 11:25hrs | 1683 | by Staff reporter
Woes mount for Zimbabwe formal businesses\
Informal traders who largely evade taxes and levies are placing formal retail and wholesale businesses in Zimbabwe at a significant competitive disadvantage, burdened by a heavy and complex taxation r...Published: 23 Jun 2025 at 10:58hrs | 244 | by Staff reporter
Job losses plague Zimbabwe's retail, mining sectors
Zimbabwe is facing a deepening employment crisis, with thousands of workers losing their jobs across the retail and mining sectors, as worsening power shortages, policy inconsistencies, and a sluggish...Published: 20 Jun 2025 at 17:31hrs | 97 | by Staff reporter
RioZim in eye of financial misconduct, fraud storm
Mining giant RioZim Limited is at the centre of a deepening scandal as allegations of financial misconduct, asset stripping, and systematic fraud continue to surface. According to sources familiar wit...Published: 19 Jun 2025 at 16:45hrs | 235 | by Staff reporter
Matabeleland firms shine at ZNCC awards
Mr. Hafiz Muhammad Naeem of Evergold was the star of the evening on Friday as he took home the Overall Winner and Businessman of the Year awards at the Zimbabwe National Chamber of Commerce (ZNCC) 202...Published: 01 Jun 2025 at 14:57hrs | 169 | by Staff reporter
Mukuru loses $33,000 to armed robbers
A daring gang of five armed robbers struck at Gains Cash & Carry and Mukuru outlets at Murambinda Growth Point on the night of May 24, making off with a total haul of $11,187 in US dollars and R31...Published: 01 Jun 2025 at 14:53hrs | 687 | by Staff reporter
Trio in soup for stealing city council property
Three men appeared before Mutare Magistrates Court charged with multiple counts of theft and unlawful entry involving property belonging to Mutare City Council.Tinashe Makonese, 22, together w...Published: 31 May 2025 at 13:51hrs | 94 | by Staff reporter
Armed robbers hit Gain Cash and Carry Wholesale
A group of armed robbers struck Gains Cash and Carry Wholesale in Murambinda on May 24, 2025, making off with a total of US$11,187 and R31,300 in a well-coordinated heist. Authorities have revealed th...Published: 31 May 2025 at 13:51hrs | 288 | by Staff reporter
Rwandan refugees in Zimbabwe accused of fuelling anti-Kagame agenda
Zimbabwe is harbouring a covert network of Rwandan refugees opposed to President Paul Kagame's government who are accused of engaging in clandestine operations aimed at sabotaging diplomatic ties betw...Published: 21 May 2025 at 11:16hrs | 583 | by Staff reporter
N Richards cashier steals US$35 250
Police in Rusape have launched a manhunt for a cashier at N Richards Wholesalers, Tawanda Manzvinde (34), who is accused of stealing US$35,250 in cash collected over the Easter holiday - i...Published: 10 May 2025 at 13:07hrs | 317 | by Staff reporter
Zimbabwe retail sector to grow by 5,10% in 2025
The Zimbabwean retail sector is projected to grow by 5.10% in 2025, with its future expansion dependent on how well it navigates the challenges of the operating environment, including the increasing d...Published: 08 May 2025 at 16:08hrs | 183 | by Staff reporter
Foreigners tighten grip on Zimbabwe's retail sector
Foreign nationals are increasingly dominating Zimbabwe's retail sector, raising concerns over the flouting of laws that reserve the industry for indigenous Zimbabweans.Despite legal provisions...Published: 29 Apr 2025 at 08:52hrs | 1047 | by Staff reporter
Bulawayo ranks second in GDP contribution
Bulawayo Metropolitan Province has cemented its position as Zimbabwe's second-largest contributor to the national gross domestic product (GDP), following closely behind Harare. This development was re...Published: 22 Apr 2025 at 07:37hrs | 1359 | by Staff reporter
Zanu-PF intensifies campaign in Glen View
Zanu-PF has ramped up its campaign efforts in Glen View South as the party prepares for a decisive by-election on April 12. With all structures mobilized, teams have been deployed for roadshows and do...Published: 03 Apr 2025 at 08:13hrs | 178 | by Staff reported
Zimbabwe govt workers moonlight as street vendors
Every morning, Dumisani Ngara* gets up at dawn to catch a 6:30am bus to work at Zimbabwe's Ministry of National Housing and Social Amenities. The government-provided bus is free for civil servants in ...Published: 28 Mar 2025 at 12:41hrs | 1126 | by Staff reporter
OK Zimbabwe reverses Bulawayo branch closure decision
Retail giant OK Zimbabwe is set to reopen its Entumbane branch, which was closed earlier this year, with a new business model that converts the outlet into a wholesale facility with lower operating co...Published: 21 Mar 2025 at 09:14hrs | 403 | by Staff reporter
Zimbabwe to slash taxes and fees
The Zimbabwean government has announced plans to implement significant reductions in taxes and regulatory fees over the next six months as part of efforts to enhance the ease of doing business and att...Published: 16 Mar 2025 at 09:20hrs | 360 | by Staff reporter
Mnangagwa's attempts at portraying Zimbabwe and Cuba as 'sanctions victims' is absurd as Havana succeeds where Harare fails
The Zimbabwe regime appears unable to stop ridiculing itself on the global stage.The recent visit to Zimbabwe by the President of the National Assembly of People's Power and the Council of Sta...Published: 05 Mar 2025 at 16:29hrs | 903 | by Tendai Ruben Mbofana
In memory of Sam Nujoma: A patriot who built Namibia while his fellow liberators turned into tyrants
It's another sad day for Africa! The death of Namibia's founding president, Sam Nujoma, at the age of 95 years, marks the passing of a man whose legacy transcends national borders. A r...Published: 10 Feb 2025 at 23:02hrs | 341 | by Tendai Ruben Mbofana
Zimbabwe central bank speaks on retailers
The Reserve Bank of Zimbabwe (RBZ) has dismissed claims by registered retailers that the country's economic environment is to blame for their operational challenges, pointing instead to gross mismanag...Published: 08 Feb 2025 at 12:30hrs | 184 | by Staff reporter
Zimbabwe raises savings rates, cuts POS charges
The Reserve Bank of Zimbabwe (RBZ) has introduced a series of bold monetary policy measures aimed at promoting the use of the Zimbabwe Gold (ZiG) currency and enhancing economic stability. These measu...Published: 07 Feb 2025 at 06:35hrs | 406 | by Staff reporter
Zimbabwe central bank cuts exporter retention threshold
The Reserve Bank of Zimbabwe (RBZ) has reduced exporters' foreign currency retention threshold from 75% to 70% as part of efforts to promote the use of the domestic currency, the Zimbabwe Gold (ZiG), ...Published: 07 Feb 2025 at 06:34hrs | 186 | by Staff reporter
Mnangagwa returns with battered image?
President Emmerson Mnangagwa has officially returned to active duty after his annual leave, but his comeback is marred by intense political and economic turbulence. While Mnangagwa was on leave, Vice ...Published: 05 Feb 2025 at 12:11hrs | 1668 | by Staff reporter
Mnangagwa returns from annual leave
President Emmerson Mnangagwa has officially resumed his duties after a month-long annual leave, with a clear focus on addressing Zimbabwe's economic growth and stability. Deputy Chief Secretary in the...Published: 05 Feb 2025 at 11:46hrs | 81 | by Staff reporter
The futility of Zimbabwe's crackdown on the informal sector
The Zimbabwean government has once again embarked on a futile mission to regulate the informal sector, a behemoth that has long outgrown the state's capacity to control it.In a desperate bid t...Published: 01 Feb 2025 at 21:32hrs | 1071 | by Tendai Ruben Mbofana
Zimbabwe's retail sector crisis worsens as shops continue closing
Zimbabwe's retail sector is facing an unprecedented crisis, with several major retailers and wholesalers forced to close branches amid a series of economic challenges. This Thursday, President Emmerso...Published: 01 Feb 2025 at 08:57hrs | 2051 | by Staff reporter
Zimbabwe tightens noose on informal sector
The government has announced stringent measures aimed at protecting the formal sector from what it describes as unfair competition posed by informal traders.In a statement released on Friday f...Published: 01 Feb 2025 at 08:56hrs | 642 | by Staff reporter
Pay back US$38 500, businessman ordered
A Kwekwe businessman, James Paradza (46), has been convicted of theft after defrauding Bhola Hardware City of cellphones and accessories worth US$38,500. The ruling was delivered after a full trial be...Published: 31 Jan 2025 at 07:26hrs | 505 | by Staff reporter
Harare retail outlets resemble deserted ruins after war on smuggling
Retail outlets across Harare are increasingly resembling deserted ruins, offering a stark reflection of Zimbabwe's worsening economic conditions. As the country grapples with ongoing economic shocks, ...Published: 28 Jan 2025 at 07:06hrs | 1081 | by Staff reporter
Zimbabwe govt tightens screws on smuggling rings
The Zimbabwean government has intensified its efforts to combat smuggling with the introduction of new regulations targeting 19 categories of goods often brought into the country illegally. The measur...Published: 28 Jan 2025 at 07:00hrs | 287 | by Staff reporter
Zimbabwe's retail sector faces collapse
The Confederation of Zimbabwe Retailers (CZR) has expressed grave concerns over the critical state of the country's formal retail and wholesale sector, following the closure of key retail outlets and ...Published: 27 Jan 2025 at 08:16hrs | 386 | by Staff reporter
Buy Zimbabwe raises concerns over retail sector challenges
Buy Zimbabwe has raised concerns about the challenges facing the retail sector, stating that these obstacles are hindering efforts to promote locally-produced goods.Over the past few weeks, ma...Published: 20 Jan 2025 at 10:17hrs | 83 | by Staff reporter
Branch manager disappears with US$35,390
A shocking scandal has unfolded in Victoria Falls after a trusted 23-year-old branch manager allegedly made off with a staggering US$35,390, funds that were intended for deposit into a wholesaler's ba...Published: 31 Dec 2024 at 13:41hrs | 105 | by Staff reporter
Raj Modi brings Christmas cheer to the elderly
In a heart-warming display of generosity, Industry and Commerce Deputy Minister Raj Modi yesterday brightened the lives of 100 elderly residents from various suburbs in Bulawayo. Through his annual fe...Published: 23 Dec 2024 at 05:47hrs | 202 | by Staff reporter
Government launches door-to-door blitz on smuggled goods
The Government of Zimbabwe has launched an extensive door-to-door crackdown aimed at confiscating smuggled goods, which have become a growing problem, especially during the festive season. This operat...Published: 19 Dec 2024 at 16:45hrs | 704 | by Staff reporter
Zimbabwe fuel retailers urged to renew licences
The Zimbabwe Energy Regulatory Authority (ZERA) has issued a reminder to businesses selling fuel and liquid petroleum gas to ensure their licences are renewed on time, emphasizing that those with lice...Published: 06 Dec 2024 at 06:29hrs | 263 | by Staff reporter
'Let us root our corruption,' said Mnangagwa. Never happen now Zanu PF and CCC are partners in crime
When he assumed power following the 2017 military coup Mnangagwa promised "zero tolerance of corruption" and we all know that corruption has gone into overdrive since then. Every so often he has admit...Published: 28 Nov 2024 at 15:04hrs | 273 | by Wilbert Mukori
Cheap shoe imports choke local leather sector
Local leather manufacturers are facing significant challenges as they are forced to scale down their shoe production due to the influx of cheap imports, which are undermining the viability of domestic...Published: 24 Nov 2024 at 10:10hrs | 181 | by Staff reporter
Contraceptive pills recalled in South Africa after mix-up
Regulators in South Africa have recalled a batch of the popular Yaz Plus contraceptive pill, after a packaging mix-up which means the contraception could be potentially ineffective.Manufacture...Published: 22 Nov 2024 at 18:50hrs | 498 | by Staff reporter
South Africa's big business wants spaza shop economy?
Major businesses across South Africa are looking to capitalise on the country's booming informal economy, with many companies licking their lips at an opportunity worth hundreds of billions of rands....Published: 22 Nov 2024 at 10:04hrs | 659 | by Staff reporter
Paid an arm and leg for Hwange Unit 7 & 8 and yet they not generating - Chinese demanding head in a silver platter!
ZESA's explanation of reduced generation from Hwange Thermal Power Station especially due to repeated Units 7 and 8 did not make any sense at all. The two units costing US$ 1.4 billion were commission...Published: 20 Nov 2024 at 21:17hrs | 2648 | by Wilbert Mukori
Zimbabwe police close in on suspects in US$4.4 million Bulawayo heist
Police have made significant strides in their investigation of the US$4.4 million armed robbery in Bulawayo last month, believed to be the largest bank heist in Zimbabwe since independence.Six...Published: 16 Nov 2024 at 14:24hrs | 1618 | by Staff reporter
Robbers keep targeting Zimbabwe banks
Police have launched a manhunt for four suspected robbers who, armed with machetes and axes, raided a financial institution in the Mumvuri area of Shurugwi early Saturday morning. The gang made off wi...Published: 24 Oct 2024 at 13:12hrs | 1218 | by Staff reporter
Setback for Ramaphosa as another major retailer in South Africa closes its doors
Jumia Technologies, the Africa-focused e-commerce retailer that operates popular online retailer Zando, says it will be exiting the South African business by the end of the year to sharpen its focus o...Published: 19 Oct 2024 at 12:31hrs | 9617 | by Staff reporter
Mbare fire evidence disappears
Investigations into the cause of the devastating fire that engulfed Mbare Musika last week have reportedly stalled as vendors rushed to clean up and reclaim the affected space, NewsDay has learned. Th...Published: 17 Oct 2024 at 13:26hrs | 909 | by Staff reporter
Of all the don'ts, send Mnangagwa begging UNGA for US$5.8b food aid for SADC; he's eyeing 'pound of flesh' cut for himself
Of all the SADC leaders to be begging for food aid on behalf of SADC, Emmerson Mnangagwa would be the last leader anyone would choose to do it!"President Emmerson Mnangagwa has taken the...Published: 17 Oct 2024 at 12:38hrs | 724 | by Wilbert Mukori
Mnangagwa declares State of Disaster after Mbare market fire
President Emmerson Mnangagwa has declared a State of Disaster following the devastating fire that tore through Mbare Traders Market on October 8, 2024. The fire, which raged for hours before being ext...Published: 15 Oct 2024 at 14:00hrs | 747 | by Staff reporter
Zimbabwe US$4 million heist suspects named
Police have enlisted the assistance of Interpol to help track down six armed robbers involved in a daring bank heist in Bulawayo last week, in which the gang made off with over US$4.4 million. Authori...Published: 10 Oct 2024 at 12:59hrs | 5395 | by Staff reporter
Zimbabwe police to fish out US$4m heist criminals from South Africa
Police have enlisted the help of Interpol to track down six armed robbers who made off with over US$4.4 million in a daring bank heist in Bulawayo last week. The robbers, believed to be local criminal...Published: 10 Oct 2024 at 07:42hrs | 3427 | by Staff reporter
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