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Confusion over CCC political fund allocation
The Citizens Coalition for Change (CCC) has raised concerns over the disbursement of state funds under the Political Parties (Finance) Act, with party spokesperson Willias Madzimure accusing the gover...Published: 04 Sep 2025 at 08:34hrs | 726 | by Staff reporter
RBZ defends exchange rate system
Reserve Bank of Zimbabwe (RBZ) Deputy Governor Dr Innocent Matshe has dismissed claims that the central bank is manipulating the foreign exchange market, insisting that the willing-buyer willing-selle...Published: 04 Sep 2025 at 08:33hrs | 586 | by Staff reporter
MPs slam ZINARA over financial leakages
Members of Parliament have condemned the Zimbabwe National Road Administration (ZINARA) following a damning Auditor-General's report that exposed serious financial leakages, corruption risks, and weak...Published: 04 Sep 2025 at 07:36hrs | 125 | by Staff reporter
Sugar tax harming Zimbabwe’s beverage industry
Zimbabwe’s largest business lobby, the Confederation of Zimbabwe Industries (CZI), has raised concerns that the country’s sugar content surtax on beverages is crippling local manufacturers and und...Published: 03 Sep 2025 at 09:02hrs | 122 | by Staff reporter
Stanbic Bank reports strong half-year 2025 profit after tax of ZWG682.2 million
Stanbic Bank Zimbabwe achieved a profit after tax of ZWG682.2 million for the half-year ended 30 June 2025, demonstrating robust growth and resilience in a challenging operating environment.Th...Published: 01 Sep 2025 at 15:00hrs | 103 | by Staff Reporter
Gweru residents owe council ZWG700 million
Gweru City Council is battling a ballooning debt of ZWG700 million as residents, businesses and government departments fail to pay their bills, a situation officials say is crippling service delivery....Published: 31 Aug 2025 at 21:26hrs | 89 | by Staff reporter
Multiple ZIMRA checks on Beitbridge - Harare roads excessive
Cross-border traders have raised concerns over what they describe as excessive and duplicated inspections by the Zimbabwe Revenue Authority (ZIMRA) and law enforcement along the Beitbridge - Harare hi...Published: 28 Aug 2025 at 22:29hrs | 166 | by Staff reporter
Robbery gang arrested after tracking of AirPods and $10 phone
A four-member gang of suspected armed robbers has been arrested after police tracked a pair of stolen AirPods and a US$10 cellphone to one of the suspects, linking them to a string of violent robberie...Published: 21 Aug 2025 at 08:49hrs | 1729 | by Staff reporter
Bitumen World forced to cut jobs
One of Zimbabwe's leading construction firms, Bitumen World (BW), has announced job cuts due to delayed payments from government projects, highlighting the ongoing financial challenges in the country'...Published: 21 Aug 2025 at 08:26hrs | 467 | by Staff reporter
Man acquitted of dagga possession charges
A 33-year-old man accused of possessing 53 sachets of dagga has been acquitted after a court ruled that there was insufficient evidence linking him to the drugs.Western Commonage Magistrate Mr...Published: 19 Aug 2025 at 18:55hrs | 203 | by Staff reporter
ZWG acceptance still a challenge says Hippo Valley
Hippo Valley Estates Limited (HVEL), one of Zimbabwe's sugar producers, has raised concern over the continued rejection of the Zimbabwe Gold (ZWG) currency in the market despite relative exchange rate...Published: 19 Aug 2025 at 09:05hrs | 275 | by Staff reporter
NHS hit by pension scandal
Zimbabwe's state-controlled National Handling Services (NHS) is facing a serious corporate governance and financial scandal, with reports of unremitted pension funds totaling nearly US$1 million and q...Published: 17 Aug 2025 at 09:59hrs | 294 | by Staff rporter
Econet employee 'steals' ZWG1 million
A Mutare-based Econet Insurance employee accused of stealing ZwG 1 171 771.60 from her employer has been granted bail of US$400.Madeleine Magadza (32) of Greenside, Mutare, appeared before Mag...Published: 15 Aug 2025 at 17:13hrs | 558 | by Staff reporter
Zera announces drop in LPG prices
THE Zimbabwe Energy Regulatory Authority (Zera) has announced a reduction in Liquefied Petroleum Gas (LPG) prices in both US dollars and local currency for August 2025.In its latest update, Ze...Published: 13 Aug 2025 at 12:10hrs | 190 | by Staff reporter
Zera reviews ZiG fuel prices downwards
The Zimbabwe Energy Regulatory Authority (ZERA) has announced a downward revision of fuel prices in local currency, effective from August 8 until September 4, 2025. The move follows the authority's ro...Published: 10 Aug 2025 at 19:20hrs | 360 | by Staff reporter
RBZ upholds tight monetary policy to protect ZWG
The Reserve Bank of Zimbabwe (RBZ) on Thursday reaffirmed its tight monetary policy stance as a key strategy to conserve the local currency, despite mounting pressure from industry players to ease bor...Published: 08 Aug 2025 at 08:59hrs | 160 | by Staff reporter
US$0.597 billion paid by Zimbabwe Treasury unaccounted for
The latest report from Zimbabwe's Auditor General has exposed serious violations of public finance management laws, revealing that more than US$597 million in Treasury payments remain unaccounted for ...Published: 06 Aug 2025 at 21:21hrs | 170 | by Staff reporter
Zanu-PF MP's property attached over US$34,000 fraud
The High Court has ordered the attachment of movable property belonging to Masvingo North legislator Brian Mudumi after he failed to repay US$34,000 in a fraud case involving his company, Cloud Africa...Published: 04 Aug 2025 at 08:40hrs | 442 | by Staff reporter
Mthuli Ncube declares surplus despite only 35% of budget spent
Finance and Economic Development Minister Mthuli Ncube on Thursday declared a budget surplus of ZWG3.3 billion for the first half of 2025, despite revealing that just 35.5% of the approved National Bu...Published: 31 Jul 2025 at 15:46hrs | 268 | by Staff reporter
Mnangagwa orders monthly funding to revive Gwayi-Shangani dam project
President Emmerson Mnangagwa has instructed the Finance Ministry to ensure a monthly disbursement of USD 5 million toward the completion of the long-delayed Gwayi-Shangani Dam, government spokesperson...Published: 29 Jul 2025 at 19:12hrs | 855 | by Staff reporter
Zimbabwe govt risks losing millions in undelivered goods
The Zimbabwean government faces the risk of losing millions of dollars after revelations that several ministries, departments, and agencies (MDAs) have yet to receive vehicles and other assets paid fo...Published: 29 Jul 2025 at 09:04hrs | 661 | by Staff reporter
Zimbabwe's GDP declines 1.73%
Zimbabwe's Gross Domestic Product (GDP) contracted by 1.73% to ZWG17.6 billion in the first quarter of 2025, down from ZWG17.9 billion recorded in the fourth quarter of 2024, the Zimbabwe National Sta...Published: 29 Jul 2025 at 09:01hrs | 216 | by Staff reporter
Resident backlash forces Plumtree to scrap US$12 levy
Plumtree Town Council has scrapped the controversial infrastructure development levies imposed on residents and businesses earlier this year, following a wave of opposition from the local community....Published: 08 Jul 2025 at 19:11hrs | 185 | by Staff reporter
Zimbabwe women's bank opens 11 000 accounts in 2024
The Zimbabwe Women Microfinance Bank (ZWMB) opened 11,120 new savings accounts in 2024 as part of the Government's ongoing push to promote financial inclusion and empower marginalized groups - particu...Published: 08 Jul 2025 at 09:52hrs | 89 | by Staff reporter
TelOne struggles to attract investment
TelOne (Private) Limited is facing significant challenges in securing fresh capital for vital infrastructure expansion projects, as legacy debts inherited from the defunct Posts and Telecommunications...Published: 03 Jul 2025 at 12:29hrs | 133 | by Staff reporter
Gwayi-Shangani dam stalls due to funding delays
The delayed construction of the critical 10MW mini-hydropower plant at the Gwayi-Shangani Dam is threatening to derail Zimbabwe's long-term plans to supply water to Bulawayo through a 251km pipeline, ...Published: 02 Jul 2025 at 18:12hrs | 914 | by Staff reporter
RBZ's decision to halt gold coin sales has drawn warnings
The Reserve Bank of Zimbabwe (RBZ)'s decision to suspend the sale of gold coins has drawn warnings from an economic analyst, who says the move could expose the Zimbabwe Gold (ZWG) currency to inflatio...Published: 30 Jun 2025 at 09:15hrs | 2600 | by Staff reporter
Zimbabwe's ZiG annual inflation rate surges to 92,5%
Zimbabwe's local currency, Zimbabwe Gold (ZiG or ZWG), recorded a sharp annual inflation surge of 92.5% in June 2025, up by 0.4 percentage points from May, according to the latest data released by the...Published: 28 Jun 2025 at 15:17hrs | 310 | by Staff reporter
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 | 1513 | by Staff reporter
Zimra faces deepening tax enforcement crisis
The Zimbabwe Revenue Authority (ZIMRA) is grappling with a growing tax enforcement crisis as the dominance of the cash economy, rampant informality, and high-profile tax disputes expose critical weakn...Published: 26 Jun 2025 at 11:26hrs | 1659 | by Staff reporter
Zimra surpasses revenue target by 10%
The Zimbabwe Revenue Authority (Zimra) has exceeded its 2024 revenue collection target by 10.26%, raking in ZWG116.47 billion against a projected ZWG105.63 billion, according to its latest annual repo...Published: 25 Jun 2025 at 14:33hrs | 125 | by Staff reporter
RBZ says there is enough ZWG supply
The Reserve Bank of Zimbabwe (RBZ) has assured the public that there are sufficient stocks of the Zimbabwe Gold (ZWG) notes in circulation to meet current demand, despite widespread complaints across ...Published: 18 Jun 2025 at 07:32hrs | 163 | by Staff reporter
Zimbabwe central bank raises ZWG$5.9 billion via treasury bills
The Reserve Bank of Zimbabwe (RBZ) has raised ZWG$5.9 billion through Treasury Bill (TB) issuances and private placements in 2024, as the government intensifies its domestic borrowing to fund operatio...Published: 12 Jun 2025 at 19:00hrs | 236 | 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 | 257 | by Staff reporter
Bulawayo council faces power cuts
The Bulawayo City Council (BCC) risks further electricity disconnections as the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) enters the final phase of its prepaid meter installat...Published: 09 Jun 2025 at 08:38hrs | 90 | by Staff reporter
'ZWG inflation won't affect consumer purchasing power'
The Reserve Bank of Zimbabwe (RBZ) has downplayed alarm over the country's surging annual ZWG inflation, urging economic players to disregard year-on-year figures and instead focus on more reflective ...Published: 05 Jun 2025 at 10:07hrs | 78 | by Staff reporter
ZETDC switches off Bulawayo traffic lights
Bulawayo motorists have recently been navigating more dangerous roads after several critical traffic lights in the city were switched off by the Zimbabwe Electricity Transmission and Distribution Comp...Published: 01 Jun 2025 at 14:16hrs | 1140 | by Staff reporter
UZ students rally behind striking lecturers, reject replacement staff
Students at the University of Zimbabwe (UZ) have thrown their weight behind striking lecturers, vowing to resist any attempts by university authorities to replace them with temporary staff as the sala...Published: 28 May 2025 at 12:13hrs | 4503 | by Staff reporter
Zimbabwe's economic reforms gain momentum with IMF deal
Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, has announced that Zimbabwe expects to secure a Staff Level Agreement (SLA) with the International Monetary Fun...Published: 28 May 2025 at 10:38hrs | 103 | by Staff reporter
Zimbabwe banks channel US$200m into agric sector
Zimbabwe's banking sector has injected approximately US$200 million to support the ongoing 2024/2025 summer cropping season, underscoring renewed efforts to revitalize agriculture, a sector long regar...Published: 22 May 2025 at 12:08hrs | 222 | by Staff reporter
Treasury launches last-ditch push to stabilise Zimbabwe economy
Zimbabwe's Treasury has embarked on a last-ditch effort to stabilise the country's fragile economy, amid growing fears that policy inconsistency, inflation, and currency volatility could derail indust...Published: 22 May 2025 at 11:33hrs | 623 | by Staff reporter
Delta highlights Zimbabwe's economic
Delta Corporation, Zimbabwe's leading brewer and soft drinks manufacturer, has painted a stark picture of the nation's economy, highlighting its persistent fragility despite signs of resilience in con...Published: 16 May 2025 at 15:03hrs | 675 | by Staff reporter
FBC blames tight policy for choking transaction volumes
Financial services giant FBC Bank has attributed a sharp decline in transaction volumes to the Reserve Bank of Zimbabwe's (RBZ) continued tight monetary policy, which it says has squeezed liquidity an...Published: 16 May 2025 at 09:50hrs | 74 | by Staff reporter
Zimbabwe emerges as hotspot for scalable fintech solutions
Zimbabwe is rapidly positioning itself as a fertile ground for scalable Financial Technology (fintech) innovations, with leading local financial institutions at the forefront of this transformation. B...Published: 15 May 2025 at 09:23hrs | 576 | 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 o...Published: 13 May 2025 at 10:25hrs | 5842 | by Staff reporter
Zimbabwe ZWG yearly inflation hits 85%
The Confederation of Zimbabwe Industries (CZI) has raised alarm over the country's ZWG inflationary trends, which it says are not aligning with current market interventions, suggesting that Zimbabwe i...Published: 08 May 2025 at 09:57hrs | 307 | by Staff reporter
African Sun tables aggressive refurbishment initiatives
Leading hospitality group African Sun Limited (ASL) has announced an ambitious refurbishment program aimed at boosting its competitive edge on the global tourism stage, despite economic headwinds and ...Published: 07 May 2025 at 09:51hrs | 187 | by Staff reporter
OK Zimbabwe targets US$30 million capital raise to revive operations
OK Zimbabwe Limited, the country's largest retail chain, says it is in advanced discussions to raise US$30 million in fresh capital as part of a strategic plan to revive its operations, clear debts, a...Published: 07 May 2025 at 09:22hrs | 334 | by Staff reporter
CBZ hails Zimbabwe's less volatile economy
CBZ Holdings Limited has praised Zimbabwe's improving economic environment and easing inflationary pressures, which have played a key role in the financial institution achieving a profit of ZWG537.5 m...Published: 30 Apr 2025 at 07:15hrs | 164 | by Staff reporter
Mnangagwa spokesperson concedes UZ lecturers have genuine grievances
President Emmerson Mnangagwa's spokesman, George Charamba, has admitted that University of Zimbabwe (UZ) lecturers, who have been picketing outside the campus over poor wages and working conditions, h...Published: 27 Apr 2025 at 18:30hrs | 2331 | by Staff reporter
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