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'TTI operating at a loss in Bulawayo'
Tendy Three Investments (TTI), the company contracted to manage parking bays in Bulawayo, is reportedly operating at a significant loss and has proposed a drastic shift in its public-private partnersh...Published: 15 Nov 2024 at 08:38hrs | 1979 | by Staff reporter
Victoria Falls to get two new upmarket hotels
Zimbabwe's premier tourist destination, Victoria Falls, is set to see the construction of two luxury hotels, valued at a combined US$114.3 million, which will significantly boost the city's hospitalit...Published: 08 Nov 2024 at 06:49hrs | 224 | by Staff reporter
Zimbabwe's gold output surges 33%
Zimbabwe's gold production surged by 33 percent in the third quarter of 2024, with output rising to 10.3 tonnes, compared to 7.7 tonnes in the previous quarter, according to official data from Fidelit...Published: 30 Oct 2024 at 07:53hrs | 148 | by Staff reporter
Zimbabwe attracts US$1.2 billion in investments in Q3 of 2024
Zimbabwe attracted investments worth US$1.2 billion during the third quarter of 2024, with 168 new licences issued to investors by the Zimbabwe Investment and Development Agency (ZIDA), according to a...Published: 23 Oct 2024 at 07:45hrs | 115 | by Staff reporter
Huawei in Zimbabwe solar power deal for mines
Leading renewable energy provider Grid Africa has entered into a strategic partnership with global technology giant Huawei to implement a 72MW solar power project aimed at supplying electricity to min...Published: 23 Oct 2024 at 07:40hrs | 258 | by Staff reporter
JR Goddard roped in to construct Bopoma Glassblock Dam
The Zimbabwean government has endorsed the construction of the Bopoma Glassblock Dam in Matabeleland South province through a public-private partnership (PPP), aimed at bolstering bulk water supplies ...Published: 02 Oct 2024 at 07:49hrs | 2189 | by Staff reporter
BCC denounces Dexter Nduna's bid to seize parking management in Bulawayo: A threat to local jobs and progress
Bulawayo - The City of Bulawayo is once again under threat, not by external forces, but by a political figure intent on sabotaging the livelihoods of its young citizens. Dexter Nduna, a notorious ZANU...Published: 30 Sep 2024 at 14:28hrs | 6151 | by Mandla Ndlovu
Why does Zimbabwe attract rogue Chinese investors?
Last night, I had the honor of being one of those invited for the launch of a report, in Harare, by the Center for Natural Resource Governance (CNRG) titled, 'Chinese Investments in Zimbabwe'....Published: 27 Sep 2024 at 22:57hrs | 4972 | by Tendai Ruben Mbofana
Mnangagwa sings praise after praise during China trip
President Emmerson Mnangagwa has showered 'unparalleled' praise on China and its President, Xi Jinping, following his recent State visit and participation in the China-Africa Summit in Beijing. In a 2...Published: 14 Sep 2024 at 12:32hrs | 432 | by Staff reporter
Busisa Moyo to grace UK-Zimbabwe Business Expo
Zimbabwe Investment and Development Agency (ZIDA) Chairman, Mr. Busisa Moyo, will leverage the upcoming UK-Zimbabwe Business Expo to showcase the extensive investment opportunities available in Zimbab...Published: 11 Sep 2024 at 08:43hrs | 110 | by Staff reporter
Chinese investors elbow out local chrome miners
An investigation has revealed that the Zimbabwe Mining and Alloy Smelting Company (Zimasco) has replaced around 150 small-scale chrome miners with Chinese investors, raising concerns about discriminat...Published: 10 Sep 2024 at 07:27hrs | 206 | by Staff reporter
Zimbabwe must be bold in FDI drive
Finance, Economic Development, and Investment Promotion Permanent Secretary George Guvamatanga has disclosed that the government has been inundated with demands from prospective investors seeking Zimb...Published: 09 Sep 2024 at 08:24hrs | 100 | by Staff reporter
Mnangagwa's govt accused of trying to capture 'Old Gwanda road' project
The Chief Executive Officer of Zwane Enterprise (Pvt) Limited, Engineer Bekithemba Mbambo, has voiced serious concerns over the final concession agreement for the US$110 million Old Gwanda Road constr...Published: 04 Sep 2024 at 15:12hrs | 1706 | by Staff reporter
Zimbabwe's ZIDA attracts US$1,8bn investment
Zimbabwe attracted investments totaling US$1.8 billion in the second quarter of the year, with US$745 million in the manufacturing sector and US$282.7 million in mining. The Zimbabwe Investment and De...Published: 03 Aug 2024 at 12:26hrs | 61 | by Staff reporter
Zimbabwe eyes US$272 billion global cannabis market
Zimbabwe's favorable climate for cultivating high-quality medicinal and recreational cannabis, combined with appropriate regulations and robust marketing strategies, holds significant economic potenti...Published: 22 Jul 2024 at 07:49hrs | 279 | by Staff reporter
Bulawayo attracts over US$77m in investments
In 2023, Bulawayo Metropolitan Province attracted approximately US$77.28 million in projected investments, marking a significant contribution to Zimbabwe's economic growth. This achievement was facili...Published: 30 Jun 2024 at 18:25hrs | 2 | by Staff reporter
American Chamber of Commerce appoints Dudu Shinya as Executive Director
The American Chamber of Commerce in Zimbabwe (AmCham Zimbabwe) has announced the appointment of Duduzile Shinya as its new Executive Director. Duduzile is a Fellow Chartered Accountant of Zimb...Published: 12 Jun 2024 at 20:18hrs | 27 | by Staff reporter
Indian business mogul tried to defraud Zimbabwean govt over $100 million
Documents obtained by NewZimbabwe reveal that Ashok Jain, an Indian businessman, attempted to defraud the Zimbabwean government of over US$100 million in a dubious deal. According to these doc...Published: 03 Apr 2024 at 06:07hrs | 1 | by Staff reporter
New 500MW solar plant for Victoria Falls
VICTORIA Falls is inching closer to becoming a smart tourism and green destination following plans to construct a renewable energy exhibition park and a 500MW solar plant, which will be complemented b...Published: 03 Apr 2024 at 06:02hrs | 1 | by Staff reporter
Tagwirei-linked firm in Zisco 'asset stripping orgy'
The much-hyped takeover of the Zimbabwe Iron and Steel Company (Zisco) by Kuvimba Mining House has failed to change the fortunes of the steelmaker amid allegations that the firm linked to businessman ...Published: 31 Mar 2024 at 15:20hrs | 1 | by Staff reporter
Zimbabwe capital markets conferences set for SA
FINANCIAL Markets Indaba (FMI), in partnership with the Victoria Falls Stock Exchange (VFEX) is set to co-host two Zimbabwe capital markets conferences in South Africa next month, NewsDay Business can...Published: 22 Mar 2024 at 09:38hrs | 2 | by Staff reporter
African-American investors eye Zimbabwe opportunities
Zimbabwe is set to benefit from investments valued at more than US$500 million in several sectors of the economy from a group of African-American owned businesses that have set their eye on the local ...Published: 11 Mar 2024 at 04:52hrs | 1 | by Staff reporter
EXCLUSIVE: Victim of Mafia Boss Francesco Marconati speaks on how he lost his beer plant and got deported
In the shadowy world of mafia dealings, a sinister evil chess game orchestrated by the self-styled Italian Mafia boss,Marconati, (pictured) has been exposed.Today, we delve into the Francesco ...Published: 08 Mar 2024 at 17:27hrs | 2 | by George Tshuma
Self-styled mafia boss Francesco Marconati panics...threatens to sue media
In the wake of widespread media coverage exposing Francesco Marconati's alleged misdeeds across Zimbabwe, the self-styled Italian Mafia boss has resorted to legal threats in an attempt to suppress the...Published: 06 Mar 2024 at 17:02hrs | 4 | by George Tshuma
Zimbabwe moves to address investor concerns
THE Zimbabwe Investment and Development Agency (Zida) is working round the clock to operationalise a system for resolving investor complaints in line with international best practices.The syst...Published: 27 Feb 2024 at 04:41hrs | | by Staff reporter
Zimbabwe records jump in investment proposals
Zimbabwe saw a massive growth in the value of proposed investments in the fourth quarter of 2023 despite approving fewer new investor licenses, according to the Zimbabwe Investment and Development Age...Published: 16 Feb 2024 at 04:56hrs | | by Staff reporter
Zimbabwe licences US$9,7 billion investments
THE Zimbabwe Investment and Development Agency (Zida) said this week it issued 615 licences to investors worth almost US$9,7 billion during the year ended December 31, 2023.Tafadzwa Chinamo, c...Published: 09 Feb 2024 at 10:01hrs | | by Staff reporter
Zimbabwe, UK enter new trade era
THE influential Westminster Africa Business Group has expressed its interest to set up camp in Zimbabwe and open doors for British investments to come into the country.This comes as Zimbabwe h...Published: 24 Jan 2024 at 04:48hrs | | by Staff reporter
Mliswa questions silence 2 years after death of Munatsi in mysterious fire
Former Member of Parliament (MP) Temba Mliswa has raised concerns about the continued silence of State Security agencies regarding the death of Zimbabwe Investment and Development Agency (ZIDA) Chief ...Published: 01 Dec 2023 at 05:00hrs | 9 | by Staff reporter
Zimbabwe attracts US$8bn investments in 2023
Zimbabwe this year attracted investments worth US$8 billion, double the amount that had been targeted by the Zimbabwe Investment and Development Agency (ZIDA) at the beginning of the year, as the Seco...Published: 29 Nov 2023 at 05:07hrs | 9 | by Staff reporter
Government processes Old Gwanda Road construction papers in record time
THE Government has been commended for processing the Old Gwanda Road construction project papers in record time with the investor optimistic of receiving the green light to commence work before year-e...Published: 26 Nov 2023 at 08:21hrs | 9 | by Staff reporter
Mnangagwa removes ZIDA Act from Finance Ministry to his office
President Emmerson Mnangagwa has shifted the oversight of the Zimbabwe Investment Development Agency (ZIDA) Act from the Ministry of Finance, Economic Development, and Investment Promotion to his own ...Published: 12 Nov 2023 at 14:19hrs | 10 | by Staff reporter
Mnangagwa clips Mthuli Ncube's wings
PRESIDENT Emmerson Mnangagwa has clipped Finance minister Mthuli Ncube's wings by removing the Zimbabwe Investment Development Agency (ZIDA) Act from his ministry.This comes amid fears t...Published: 11 Nov 2023 at 15:55hrs | 6 | by Staff reporter
Chinese investors flock to Zimbabwe
Since its establishment in 2020, the Zimbabwe Investment and Development Agency (Zida) has issued 932 licenses to investors worldwide, with a significant portion coming from China, particularly in the...Published: 02 Nov 2023 at 05:51hrs | 9 | by Staff reporter
Zimbabwe launches digital platform to woo foreign investment in tourism sector
Zimbabwe's investment promotion agency on Friday launched a digital platform to facilitate local and foreign investment in the country's tourism sector.The platform, known as the Zimbabwe Tour...Published: 16 Oct 2023 at 06:14hrs | 2 | by Staff reporter
Mnangagwa back home from United Nations summit
President Emmerson Mnangagwa has returned to Zimbabwe from New York, USA, where he attended the 78th Session of the United Nations General Assembly (#UNGA78). During the UN General Assembly conference...Published: 25 Sep 2023 at 08:35hrs | 2 | by Staff reporter
Multi-billion-dollar biotech city for Zimbabwe
In a significant development poised to propel Zimbabwe forward, a collective of diaspora professionals based in the United States has entered into a memorandum of understanding with the Zimbabwe Inves...Published: 24 Sep 2023 at 08:52hrs | 2 | by Staff reporter
Zimbabwe Investment licensing process reduced by 14 days
The licensing process in Zimbabwe has seen significant improvement thanks to the Zimbabwe Investment and Development Agency (Zida)'s new license capturing software, reducing the processing time by 14 ...Published: 14 Sep 2023 at 06:35hrs | 2 | by Staff reporter
David Coltart to review of BCC-TTI contract after elections
CITIZENS' Coalition for Change (CCC) candidate for Ward Four, Mr David Coltart has said council will review the contract awarded to Bulawayo's parking management company, Trendy Three Investments (TTI...Published: 17 Aug 2023 at 06:50hrs | 43 | by Staff reporter
Russian mining giant heads to Zimbabwe
THE world's largest diamond producer Alrosa of Russia will next week be in Zimbabwe to start work on mining operations with 50 more companies from the Euroasian nation targeting various sectors....Published: 27 Jul 2023 at 06:37hrs | 1 | by Staff reporter
Human rights lawyers rescues disgruntled villagers as court stop Chinese illegal operations
A ZIMBABWEAN court has stopped Labenmon Investments, a Chinese mining company, from conducting illegal mining operations on ancestral land belonging to some Mutoko villagers in Mashonaland East provin...Published: 26 Jul 2023 at 20:14hrs | 12 | by Stephen Jakes
Zida approved 4 PPPs in Q2
THE Zimbabwe Investment and Development Agency (Zida) approved four public-private partnerships (PPPs) in the second quarter of this year, with a combined value of more than US$186 million.The...Published: 17 Jul 2023 at 06:58hrs | 8 | by Staff reporter
Zimbabwe govt creates aviation firm
The government has engaged the Abu Dhabi-based advisory firm Knighthood Global Limited (Knighthood) to develop a bankable feasibility study (BSF) for the creation of the Zimbabwe Aviation Group....Published: 16 Jul 2023 at 09:18hrs | 10 | by Staff reporter
China intensifies lithium interest in Zimbabwe
CHINA has accounted for more than half of investment licences issued by Zimbabwean authorities during the first quarter of the year amid a boom in global demand for lithium as commercial and domestic ...Published: 09 Jul 2023 at 14:25hrs | 15 | by Staff reporter
Zimbabwe targets US$60b worth of investment
The Zimbabwe Investment and Development Agency (Zida) is looking for more than US$60 billion worth of investment into various sectors of the country's economy, including infrastructure development....Published: 09 Jul 2023 at 10:38hrs | 7 | by Staff reporter
Zimbabwe Investment Development Agency eyes shorter licensing period
The Zimbabwe Investment Development Agency (ZIDA) is working to reduce the lead time in licensing investors to about four days on automation amid increased interest from foreign investors.This...Published: 06 Jul 2023 at 17:53hrs | 2 | by Staff reporter
Foreigners 'invade' retail space reserved for Zimbabweans
ZIMBABWEAN authorities have been allocating retail licenses to foreigners in contravention of the law, investigations have established.Retail space in the capital Harare is now dominated by In...Published: 03 Jul 2023 at 07:02hrs | 1 | by Staff reporter
China now Zimbabwe's largest FDI source
China has made huge inroads into the Zimbabwean economy in terms of investment, which is expected to grow further following the three-day ZimTrade organised Zimbabwe-China Business Forum, which ends t...Published: 01 Jun 2023 at 06:40hrs | 2 | by Staff reporter
Shelf occupancy of locally manufactured goods rises to 80%
SHELF occupancy of locally manufactured goods has increased to 80 percent, a development which is set to continue bolstering Zimbabwe's comparative, competitive and adaptability advantages to move the...Published: 02 May 2023 at 08:58hrs | 10 | by Staff reporter
Almost One years and four months on, NO update on Douglas Munatsi's Death
It is now one year and four months since the mysterious death of Douglas (Doug) Tawanda Munatsi and the nation is yet to be updated on the circumstances of the death of the former Chief Executive of o...Published: 02 Apr 2023 at 11:21hrs | 44 | by Engineer Jacob Kudzayi Mutisi
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