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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 | 275 | 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 | 137 | 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 | 311 | 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 | 161 | 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 | 2304 | by Staff reporter
ZiG monthly inflation rate up by 0,7%
Zimbabwe's new currency, Zimbabwe Gold (ZWG), recorded a slight inflation decline of 0.7% in April 2025, while the United States dollar (USD) also saw a modest depreciation of 0.2%, according to the Z...Published: 26 Apr 2025 at 10:44hrs | 519 | by Staff reporter
Poor remuneration of academic staff at state universities a national crisis
THE poor remuneration and deplorable conditions of service for academic staff at Zimbabwe's state universities, which has led to the highly publicised indefinite strike by the teaching staff at the Un...Published: 26 Apr 2025 at 10:14hrs | 732 | by Prof Jonathan Moyo
Zimbabwe unveils fund to support value chains
The Government of Zimbabwe has launched the Industrial Development Fund (IDF) to support the strengthening of domestic value chains, promote industrial growth, and increase the export of value-added g...Published: 24 Apr 2025 at 07:20hrs | 36 | by Staff reporter
UK firm secures US$5m to fund gold mines in Zimbabwe
United Kingdom-based mining firm Kavango Resources Plc has secured a US$5 million interest-free funding facility from the Comarton Managed Pension Funds' Investments Consortium to accelerate its gold ...Published: 24 Apr 2025 at 07:08hrs | 141 | by Staff reporter
Zimbabwe prisons officer arrested for illegal sex booster drugs
A Zimbabwe Prisons and Correctional Services (ZPCS) officer stationed at Zvishavane Prisons has been sentenced to three months imprisonment, wholly suspended on condition he pays a US$250 fine, after ...Published: 04 Apr 2025 at 08:19hrs | 659 | by Staff reporter
Zimbabwe's monthly inflation drops to 0% in March 2025
Zimbabwe's monthly inflation rate fell to 0% in March 2025, marking a significant milestone in the country's economic stabilization efforts. The decline was attributed to a sustained tight liquidity s...Published: 28 Mar 2025 at 05:40hrs | 449 | by Staff reporter
Nkosinathi Ncube led ZINARA scoops top award for revenue collection
The restructuring of the Zimbabwe National Road Administration (ZINARA) has proven to be a game-changer, as the institution's Board Chairperson and Chief Executive Officer (CEO) won top honors in the ...Published: 27 Mar 2025 at 06:07hrs | 127 | by Staff reporter
Elderly Bulawayo couple sentenced for exploiting bank glitch
An elderly couple from Bulawayo, who took advantage of a technical glitch at Stanbic Bank Zimbabwe to embezzle over US$30,000, has been sentenced to seven years in prison.Frank Sibanda and his...Published: 27 Mar 2025 at 06:06hrs | 602 | by Staff reporter
ZINARA paid out 88% of its collections to councils for roadworks
The Zimbabwe National Road Administration (ZINARA) disbursed ZWG 4.7 billion (US$224.9 million) to local authorities in 2024 for road maintenance, accounting for 88 percent of its total collections....Published: 20 Mar 2025 at 16:14hrs | 253 | by Staff reporter
Zimbabwe asset management landscape shifting
The asset management landscape in Zimbabwe is undergoing a significant transformation, with notable shifts in the allocation of funds under management (FUM), signaling a more cautious and strategic ap...Published: 15 Mar 2025 at 12:01hrs | 263 | by Staff reporter
Zinara allocates measly ZiG62 million to Bulawayo
The Zimbabwe National Road Administration (Zinara) has allocated a substantial budget of nearly ZiG62 million to the City of Bulawayo for its 2025 road rehabilitation programme.According to th...Published: 11 Feb 2025 at 13:19hrs | 1778 | by Staff reporter
Zimbabwe's foreign currency reserves surge by 87%
The Reserve Bank of Zimbabwe (RBZ) has reported a significant increase in its foreign currency reserves, which have surged by 87% to reach US$550 million as of January 2025. This marks a substantial g...Published: 08 Feb 2025 at 12:49hrs | 3932 | by Staff reporter
Zimbabwe's inflation surges to 11.6% in January 2025
Zimbabwe's weighted month-on-month inflation rate surged by 10.5 percentage points in January 2025, reaching 11.6 percent from 1.1 percent in December 2024, according to figures released by the Zimbab...Published: 30 Jan 2025 at 06:38hrs | 111 | by Staff reporter
Zanu-PF 'Central Committee member', gets away with US$10 000 fraud?
A 44-year-old man, Wilbert Nyarugwe, appeared in court on fraud charges after allegedly defrauding a businessman of US$10,000 by pretending to be a Zanu-PF Central Committee member capable of facilita...Published: 24 Jan 2025 at 07:53hrs | 106 | by Staff reporter
ZiG scarcity has eased exchange rate depreciation
The limited availability of Zimbabwe Gold (ZWG) currency has helped ease exchange rate depreciation on the parallel market, although US dollar demand pressures have continued to push premiums higher t...Published: 16 Jan 2025 at 07:17hrs | 3103 | by Staff reporter
Bulawayo left to count the cost
Torrential rains accompanied by strong winds wreaked havoc in Bulawayo on Tuesday afternoon, leaving scores of families homeless as roofs were ripped off homes, schools, and a church. The storm, which...Published: 16 Jan 2025 at 07:06hrs | 308 | by Staff reporter
Man steals goat, sells the meat to owner
A Hwange man has been sentenced to six months in prison for stealing a goat from his neighbor, slaughtering it, and then selling the meat back to its owner.The convict, Shylock Zulu (28) from ...Published: 15 Jan 2025 at 06:41hrs | 900 | by Staff reporter
ZIMRA officials arrested for demanding, accepting US$1,500 bribe
Four Zimbabwe Revenue Authority (ZIMRA) officials have been arrested for allegedly demanding and receiving bribes in connection with an anti-smuggling operation.The accused - Maguta Jonathan, ...Published: 10 Jan 2025 at 11:33hrs | 1030 | by Staff reporter
BCC spends only US$700,000 on roads per year
The Bulawayo City Council (BCC) has revealed that it allocates approximately US$700,000 annually to road rehabilitation programs, relying on private sector contractors to supplement its efforts due to...Published: 24 Dec 2024 at 12:34hrs | 117 | by Staff reporter
NetOne rewards customers with 'Trolley Dash' Holiday Campaign
In a festive move to celebrate the holiday season, OneMoney, a NetOne product, has again unveiled its yearly exciting promotion called "Trolley Dash" that aims to reward customers for their digital tr...Published: 14 Dec 2024 at 10:14hrs | 714 | by Simbarashe Sithole
Fire destroys property at RMS warehouse in Bulawayo
A devastating fire at the Road Motor Services (RMS) warehouse in Bulawayo destroyed property valued at approximately ZWG2 million yesterday morning. The blaze, which broke out at around 7:37 am, was s...Published: 13 Dec 2024 at 09:30hrs | 103 | by Staff reporter
NatFoods bemoans limited ZWG acceptability
Zimbabwe's listed food manufacturer, National Foods (NatFoods), has expressed concern over the limited acceptability of the Zimbabwe Gold (ZWG) as a medium for sourcing raw materials, highlighting the...Published: 10 Dec 2024 at 07:09hrs | 726 | by Staff reporter
Lake Gwayi-Tshangani construction set to resume
The long-awaited construction of the Lake Gwayi-Tshangani Dam in Matabeleland North is set to resume, thanks to a ZWG1 billion allocation in the 2025 national budget aimed at completing the remaining ...Published: 06 Dec 2024 at 06:35hrs | 1050 | by Staff reporter
New arrest in flashy car theft case
Another suspect has been arrested in connection with the theft of a South African-registered Toyota Fortuner in Bulawayo, a case that has garnered significant public attention due to the alleged invol...Published: 03 Dec 2024 at 08:52hrs | 1007 | by Staff reporter
ZiG spawns upheavals in insurance industry
Insurers have been scrambling to reassure policyholders as market jitters resurface in the wake of the introduction of Zimbabwe Gold (ZiG) in April. With memories of the devastating currency shifts in...Published: 24 Nov 2024 at 10:13hrs | 254 | by Staff reporter
Zimbabwe teachers petition govt over 'farm-like' wages
The Progressive Teachers Union of Zimbabwe (PTUZ) has formally petitioned the government over the ongoing issue of erratic salary payments, particularly highlighting delays in the payment of the local...Published: 23 Nov 2024 at 13:31hrs | 1662 | by Staff reporter
Ecocash loses ZWG 148,7 million in conversion to new currency
Ecocash Holdings Zimbabwe Limited, a leading diversified digital solutions group, has reported a loss of ZWG 148.7 million following the transition to the newly introduced ZWG currency, which was intr...Published: 21 Nov 2024 at 06:35hrs | 1937 | by Staff reporter
Court disqualifies Chamisa's candidate over unpaid council bills
The High Court has disqualified independent candidate Mr. Ephias Mambume from contesting the November 30 Victoria Falls City Council Ward 1 by-election, following an electoral petition filed by Zanu-P...Published: 21 Nov 2024 at 06:23hrs | 112 | by Staff reporter
EcoCash Holdings posts strong profit growth in half-year results
EcoCash Holdings Zimbabwe Limited has posted impressive results for the half-year ending August 31, 2024, highlighting the resilience of its business model and the effectiveness of its strategic initi...Published: 21 Nov 2024 at 06:21hrs | 33 | by Staff reporter
Harare council fails to account for 100,000 houses
Harare Mayor Councillor Jacob Mafume has disclosed that the city is failing to collect rates from over 100,000 households due to an inefficient accounting system, further exacerbated by a growing numb...Published: 20 Nov 2024 at 06:48hrs | 198 | by Staff reporter
NMBZ turns to Rabobank for agric financing
NMBZ Holdings Limited, a leading financial services group, has announced a strategic partnership with Rabobank, a Dutch multinational specializing in banking and financial services, to implement an en...Published: 19 Nov 2024 at 08:49hrs | 234 | by Staff reporter
Zimbabwe finance ministry bans foreign trips
The Zimbabwean government is tightening its belt in response to a severe cash crunch as it approaches the end of 2024. Finance Secretary George Guvamatanga has announced measures aimed at curbing spen...Published: 18 Nov 2024 at 15:24hrs | 5552 | by Staff reporter
Top Bank executive slams RBZ tight policy measures
A prominent banking executive has criticized the Reserve Bank of Zimbabwe (RBZ) for focusing too heavily on exchange rate stability at the cost of economic growth, warning that the central bank's rece...Published: 10 Nov 2024 at 11:05hrs | 1829 | by Staff reporter
Zimbabwe's economy to grow 6% in 2025
Zimbabwe's economy is projected to expand by six percent in 2025, bolstered by favorable rainfall conditions that are expected to boost agricultural productivity, Finance, Economic Development, and In...Published: 07 Nov 2024 at 07:00hrs | 355 | by Staff reporter
ZERA increases fuel prices in Zimbabwe
The Zimbabwe Energy Regulatory Authority (ZERA) has announced a fuel price adjustment for diesel and petrol blend, impacting prices in both Zimbabwean dollars and US dollars. The new rates, effective ...Published: 06 Nov 2024 at 16:24hrs | 8980 | by Staff reporter
Torture victim awarded ZWG140,000 in damages by ZRP
A Gweru man who was brutally assaulted by police officers during the Covid-19 lockdown while queuing for money at a bank has been awarded over ZWG140,000 in damages by the Zimbabwe Republic Police (ZR...Published: 06 Nov 2024 at 07:05hrs | 452 | by Staff reporter
Retail outlets closes amid ZWG fluctuation
The recent spate of closures among prominent retail outlets in Zimbabwe has prompted Parliament to demand an explanation from Finance Minister Mthuli Ncube. The closures, attributed to the ongoing eco...Published: 05 Nov 2024 at 08:25hrs | 7831 | by Staff reporter
Legal challenge in Victoria Falls by-election over payment of rates
Victoria Falls Ward 1 candidate for Zanu-PF, Tonderai Mutasa, has filed a legal challenge with the Electoral Court, disputing the nomination of independent candidate Ephias Mambume, who is widely seen...Published: 03 Nov 2024 at 10:11hrs | 176 | by Staff reporter
Zimbabwe ministers convicted for borrowing delinquency
Public Service Minister July Moyo and Higher and Tertiary Education Minister Fredrick Shava have been ordered by the High Court to repay a staggering ZWG206,370,840, which was borrowed from critical s...Published: 29 Oct 2024 at 16:37hrs | 5828 | by Staff reporter
ZiG inflation rate now pegged at 37.2%
Zimbabwe's inflation rate for the Zimbabwe Gold (ZWG) currency surged to 37.2% in October, according to the latest data from the Zimbabwe National Statistics Agency (Zimstat). This sharp increase, ref...Published: 26 Oct 2024 at 12:48hrs | 301 | by Staff reporter
Potraz approves tariff increase for Zimbabwe telecoms sector
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has approved a tariff adjustment for local telecommunications companies in response to the recent devaluation of the Zimbabw...Published: 21 Oct 2024 at 14:01hrs | 1755 | by Staff reporter
RBZ blames speculative behaviour for ZiG's woes
The Reserve Bank of Zimbabwe (RBZ) has attributed the recent collapse of the newly introduced Zimbabwe Gold (ZiG) currency to rampant rent-seeking behavior and speculative activities within the parall...Published: 20 Oct 2024 at 14:12hrs | 239 | by Staff reporter
Zimbabwe is undermining the ZiG by overspending
Zimbabwe's new gold-backed currency is likely being undermined by the state tapping the central bank for funding and selling Treasury bills to pay for its overspending, Imara Asset Management said....Published: 18 Oct 2024 at 08:54hrs | 1267 | by Staff reporter
ZiG devaluation amid rising gold prices raises lots of questions
Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi faced tough questions in Parliament on Wednesday regarding the recent devaluation of the Zimbabwe Gold currency (ZiG) despite soaring ...Published: 18 Oct 2024 at 08:47hrs | 261 | by Staff reporter
Advantage Welshman, Tshabangu as Timba CCC suffers setback
The Citizens Coalition for Change party led by Jameson Timba on Wednesday suffered a setback in its bid to claim ZiG 22.1 million under the Political Parties (Finance) Act after a judge ruled that its...Published: 17 Oct 2024 at 10:10hrs | 1543 | by Staff reporter
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