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Companies reel under crippling costs, regulatory chaos
Zimbabwe's formal business sector is under severe strain as economic pressures mount, with industry leaders warning that ongoing policy inconsistencies, regulatory confusion, and worsening macroeconom...Published: 10 Jul 2025 at 09:08hrs | 246 | by Staff reporter
Zimbabwe govt raises alarm over skills gap
The Zimbabwean government has raised alarm over the widening gap between academic qualifications and practical skills in the country, warning that the mismatch is stalling economic growth and leaving ...Published: 08 Jul 2025 at 19:11hrs | 341 | by Staff reporter
ZNCC urges RBZ to cut policy rate to 20%
The Zimbabwe National Chamber of Commerce (ZNCC) has urged the Reserve Bank of Zimbabwe (RBZ) to lower its bank policy rate from the current 35% to 20% in an effort to ease growing credit constraints ...Published: 08 Jul 2025 at 12:12hrs | 212 | by Staff reporter
EU Warns Zimbabwe
The European Union (EU) has issued a stark warning to Zimbabwe, urging the government to implement urgent reforms to strengthen the rule of law, combat corruption, and ensure policy predictability. Wi...Published: 03 Jul 2025 at 12:31hrs | 1062 | by Staff reporter
Zim industry leaders call for Unified Taxation System
Zimbabwe's business community has raised concerns over the country's fragmented taxation system, urging the government to adopt a unified tax framework to alleviate the heavy burden of multiple taxes ...Published: 01 Jul 2025 at 08:20hrs | 129 | by Staff reporter
If Chiwenga is genuine about fighting corruption, then we need action - not just words
There's a saying: action speaks louder than words. Vice President Constantino Chiwenga's recent bold remarks against corruption have stirred debate across Zimbabwe. To direct...Published: 29 Jun 2025 at 18:23hrs | 245 | by Tendai Ruben Mbofana
Zimbabwe central bank increases ZiG liquidity to ZWG2bn
The Reserve Bank of Zimbabwe (RBZ) has raised the daily Zimbabwe Gold (ZiG) liquidity in the market from ZWG1.5 billion to ZWG2 billion in a move aimed at easing concerns over currency shortages and b...Published: 27 Jun 2025 at 18:25hrs | 1504 | by Staff reporter
Chiwenga condemns corrupt businesspeople
Vice President Dr. Constantino Chiwenga has issued a strong condemnation of corrupt businesspeople operating without traceable capital or legitimate enterprises, describing them as a serious threat to...Published: 26 Jun 2025 at 17:29hrs | 1657 | by Staff reporter
Chiwenga warns tenderprenuers, 'The day of reckoning is inevitable'
Zimbabwe's Vice President, General (Retired) Constantino Chiwenga, has issued a stern warning to corrupt businesspeople, declaring that their "day of reckoning is undoubtedly coming" as the government...Published: 26 Jun 2025 at 17:05hrs | 1463 | by Staff reporter
Zimbabwe's businesses sound alarm over volatile ZiG
Zimbabwe's business leaders have expressed deep concern over the persistent volatility of the Zimbabwe Gold (ZiG) currency, warning that ongoing instability is crippling industrial growth and eroding ...Published: 26 Jun 2025 at 11:21hrs | 1072 | by Staff reporter
Bulawayo Town Clerk appointed NSSA board chair
The City of Bulawayo's Town Clerk, Mr. Christopher Dube, has been appointed as the new chairperson of the National Social Security Authority (NSSA), following the government's dissolution of the previ...Published: 26 Jun 2025 at 11:20hrs | 680 | by Staff reporter
BCC forgoes US$14million revenue
The Bulawayo City Council (BCC) has decided to maintain its 2024 commercial non-domestic property tax tariffs for the 2025 financial year, foregoing potential revenue exceeding US$14 million.T...Published: 11 Jun 2025 at 08:31hrs | 251 | by Staff reporter
Zimbabwe exporters sound alarm over tough new forex rules
Zimbabwean exporters are facing fresh turbulence following the government's move to tighten foreign currency controls - scrapping critical export incentives and enforcing tougher surrender requirement...Published: 05 Jun 2025 at 11:34hrs | 2964 | by Staff reporter
RBZ applauds declining inflation
The Reserve Bank of Zimbabwe (RBZ) has lauded the continued decline in monthly inflation as a key indicator of growing economic stability, with both local and foreign currency-denominated prices showi...Published: 03 Jun 2025 at 09:48hrs | 87 | 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 | 173 | by Staff reporter
ZNCC calls for urgent policy reform
The Zimbabwe National Chamber of Commerce (ZNCC) has issued a strong call for urgent policy reforms to revive the country's struggling economy, warning that businesses cannot thrive under the current ...Published: 31 May 2025 at 13:48hrs | 74 | by Staff reporter
Refineries under threat as RBZ gulps more forex
Zimbabwe's biggest mining companies have sounded alarm bells over the potential suspension of crucial expansion projects - including refineries valued at over US$432 million - following the Reserve Ba...Published: 30 May 2025 at 12:18hrs | 653 | by Staff reporter
Zimra tax audit blitz alarms Zimbabwe business
The Zimbabwe National Chamber of Commerce (ZNCC) has raised concerns over the Zimbabwe Revenue Authority's (Zimra) intensified audit regime, warning that aggressive tax enforcement is placing undue co...Published: 24 May 2025 at 10:59hrs | 236 | by Staff reporter
ZNCC to hold annual congress in June
The Zimbabwe National Chamber of Commerce (ZNCC) will hold its highly anticipated annual congress from June 25 to 28 in Victoria Falls, aiming to foster inclusive economic growth, improve the bu...Published: 16 May 2025 at 10:29hrs | 79 | by Staff reporter
India reassures Zim collaboration, applauds Chiwenga
BULAWAYO - India's Ambassador to Zimbabwe, His Excellency Bramha Kumar appreciated Zimbabwe International Trade Fair's (ZITF) business to business arrangements and emphasised the growing interest of I...Published: 22 Apr 2025 at 22:10hrs | 698 | by Gideon Madzikatidze/Simbarashe Sithole
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 | 1362 | by Staff reporter
Zimbabwe lifts exchange rate controls
Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability a...Published: 17 Apr 2025 at 07:36hrs | 11663 | by Staff reporter
Zimra blitz disrupts Bulawayo traders
Scores of traders operating within Bulawayo's city centre were left reeling last week after the Zimbabwe Revenue Authority (Zimra) implemented a series of business closures, as part of a wider nationa...Published: 15 Apr 2025 at 08:42hrs | 1995 | by Staff reporter
Zimra waits for Treasury guidance over US tariff removal
The Zimbabwe Revenue Authority (Zimra) is awaiting formal guidance from the Ministry of Finance, Economic Development, and Investment Promotion regarding the implementation of President Emmerson Mnang...Published: 10 Apr 2025 at 09:09hrs | 131 | by Staff reporter
Bulawayo City Council forced to revise 2025 budget
Following a heated meeting with business representatives, residents' associations, and other key stakeholders, the Bulawayo City Council (BCC) has been compelled to revise its proposed 2025 budget. Th...Published: 13 Dec 2024 at 09:32hrs | 143 | by Staff reporter
Zimbabwe's cash reserves cannot cover a month
The Zimbabwe National Chamber of Commerce (ZNCC) has raised alarm over the country's dwindling foreign currency reserves, warning that the current US$540 million is insufficient to cover even a single...Published: 06 Dec 2024 at 18:10hrs | 649 | by Staff reporter
All eyes on Professor Mthuli Ncube
As Zimbabwe prepares for the presentation of the 2025 National Budget, all eyes are on Finance, Economic Development, and Investment Promotion Minister, Professor Mthuli Ncube. The Budget, which serve...Published: 27 Nov 2024 at 08:13hrs | 1090 | by Staff reporter
Surge in US$ cash transactions triggers spike in armed robberies in Zimbabwe
Zimbabwe is experiencing an alarming rise in armed robberies, with the increasing use of US dollar cash transactions making businesses, banks, and individuals prime targets for criminals. Violent atta...Published: 27 Nov 2024 at 06:50hrs | 260 | by Staff reporter
Zimbabwe's electricity crisis: Declare a State of National Disaster and retire Sydney Gata to save the nation
As I write this article, the town of Redcliff, like much of Zimbabwe, remains shrouded in darkness following a 24-hour nationwide blackout that began yesterday. This is not the first time we'v...Published: 25 Nov 2024 at 11:55hrs | 1194 | by Tendai Ruben Mbofana
Chinese debt threatens to switch off Zimbabwe's Hwange
Zimbabwe's industrial sector is on edge this week as concerns grow over the future of the Hwange Thermal Power Station, a critical asset for the country's beleaguered power grid. With power utility Ze...Published: 24 Nov 2024 at 10:14hrs | 11749 | by Staff reporter
ZESA singlehandedly destroying Zimbabwe: The shocking truth behind the power crisis
In Zimbabwe, there is a harsh reality that every citizen faces: power outages, or "load shedding," are an almost daily occurrence. Power cuts, sometimes lasting up to 18 hours, have become the...Published: 12 Nov 2024 at 21:07hrs | 3692 | by Tendai Ruben Mbofana
Zimbabwe's new policy outlines plans to widen tax base
The Zimbabwean government has announced a new policy under the Zimbabwe Industrial Reconstruction and Growth Plan (ZIRGP) to simplify tax models for Small to Medium Enterprises (SMEs). This move aims ...Published: 27 Oct 2024 at 12:18hrs | 275 | by Staff reporter
The power crisis farce: Unpacking Mnangagwa's broken promise to Zimbabwe
Zimbabwe's power crisis has been a perennial problem, plaguing the country for decades.In August 2023, President Emmerson Dambudzo Mnangagwa proudly declared that the commissioning of the new ...Published: 08 Oct 2024 at 17:30hrs | 517 | by Tendai Ruben Mbofana
Zimra launches crackdown on economic saboteurs
The Zimbabwe Revenue Authority (ZIMRA) has launched a nationwide blitz targeting businesses that evade taxes and undermine the local currency, the Zimbabwe Gold (ZiG), by either rejecting it or falsel...Published: 27 Sep 2024 at 08:16hrs | 146 | by Staff reporter
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 | 147 | by Staff Reporter
Zimbabwe power crisis grounds industries
In Zimbabwe, recent rolling blackouts have severely impacted key industries, raising concerns about potential economic downturns and job losses. Kurai Matsheza, president of the Confederation of Zimba...Published: 30 Jun 2024 at 18:32hrs | 2 | by Staff reporter
ZiG performance pleases RBZ, private sector leaders
Private sector leaders and the Reserve Bank of Zimbabwe (RBZ) have praised the performance of Zimbabwe's structured currency, the Zimbabwe Gold (ZiG), citing its stability and positive impact on price...Published: 28 Jun 2024 at 07:39hrs | 4 | by Staff reporter
Bulawayo firms shine at ZNCC awards
At the Zimbabwe National Chamber of Commerce (ZNCC) 2024 Matebeleland Annual Business Awards, Mr. George Kudya of Star Distributors emerged as the star of the night, winning both the Overall Winner an...Published: 09 Jun 2024 at 09:07hrs | 82 | by Staff reporter
'Zimbabweans will stampede for ZiG by June'
Reserve Bank of Zimbabwe (RBZ) Governor, Dr. John Mushayavanhu has highlighted the impending surge in demand for the Zimbabwean dollar (ZiG) anticipated to occur by June. This surge is expecte...Published: 18 May 2024 at 11:47hrs | 110 | by Staff reporter
Zimbabwe central bank governor gets a rude awakening
BUSINESS executives yesterday gave Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu a rude awakening after a snap survey which showed that they were not ready to support the new currency....Published: 12 Apr 2024 at 09:49hrs | 53 | by Staff reporter
Zimdollar remains legal tender until month-end
The Zimbabwe dollar remains legal tender for all domestic transactions until April 30, when the Zimbabwe Gold (ZiG) notes and coins will come into circulation, the Reserve Bank of Zimbabwe (RBZ) has s...Published: 10 Apr 2024 at 06:02hrs | 3 | by Staff reporter
Kenya's William Ruto to open ZITF
KENYAN President Dr William Ruto will officially open the 64th edition of the Zimbabwe International Trade Fair next month with 25 international exhibitors from 21 countries confirming their participa...Published: 27 Mar 2024 at 06:36hrs | 3 | by Staff reporter
Zidera is the primary obstacle Zimbabwe's economic progress
INDUSTRY leaders have pleaded for the total removal of the sanctions programme under the Zimbabwe Democracy and Economic Recovery Act (Zidera), citing them as the primary obstacle to the economic prog...Published: 06 Mar 2024 at 20:54hrs | 4 | by Staff reporter
'Bulawayo 80% forex rates illegal'
GOVERNMENT has said the decision by the Bulawayo City Council to force residents and businesses to pay 80 percent of rates strictly in foreign currency is illegal and ordered the local authority to re...Published: 20 Feb 2024 at 05:04hrs | 1 | by Staff reporter
Bulawayo set for major transformation
BULAWAYO is experiencing a renaissance as investor interest is surging, reindustrialisation efforts taking root and multi-million dollar projects underway, signalling a promising future for the city....Published: 18 Feb 2024 at 09:00hrs | 10 | by Staff reporter
Power cuts costing Zimbabwe US$1,2 billion
THE World Bank has urged the government to address the country's energy deficit after estimating that power cuts are costing the economy at least US$1,27 billion annually.In its fourth Zimbabw...Published: 14 Dec 2023 at 12:37hrs | 4 | by Staff reporter
Professor Ncube readies Zimbabwe's budget
AS Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, readies to present the 2024 National Budget tomorrow, expectations are high that it will consolidate prevail...Published: 29 Nov 2023 at 05:08hrs | 16 | by Staff reporter
'Zimbabwe has a leadership crisis'
ALPHA Media Holdings (AMH) chairman Trevor Ncube says Zimbabwe has a leadership crisis with the people who are supposed to drive and make a huge impact on the economy having abdicated responsibility....Published: 23 Nov 2023 at 05:37hrs | 4 | by Staff reporter
'Zimbabwe's hastened currency shift won't end lending crisis'
Economists suggest that the recent issuance of a Statutory Instrument (SI) extending the use of multiple currencies in Zimbabwe until 2030 may have revealed the extent of President Emmerson Mnangagwa'...Published: 03 Nov 2023 at 14:55hrs | 13 | by Staff reporter
UN tells Zimbabwe to make changes to attract FDI
The United Nations (UN) has urged Zimbabwe to implement necessary changes to attract foreign direct investment (FDI) as global foreign assistance diminishes, moving away from quiet diplomacy. This adv...Published: 12 Oct 2023 at 06:41hrs | 2 | by Staff reporter
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