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Mutare unveils ambitious water project
The City of Mutare is set to establish a wholly council-owned water utility company aimed at improving service delivery, addressing decades-old infrastructure challenges, and ensuring a sustainable an...Published: 04 Jul 2025 at 12:35hrs | 155 | by Staff reporter
Zimbabwe to benefit from surge in remittances
Zimbabwe stands to gain significantly from a projected surge in remittance inflows into Africa, with the African Development Bank (AfDB) forecasting that the continent will receive US$100 billion in r...Published: 30 May 2025 at 08:58hrs | 131 | by Staff reporter
Abolish this draconian law
Zimbabwe is the only African country that currently requires a car radio licence, as introduced by the Zimbabwe Broadcasting Corporation (ZBC) in 2025. This licence must be paid before renewing a vehi...Published: 29 May 2025 at 20:02hrs | 675 | by Leonard Koni
Africa set to attract $100 billion in remittance inflows
The African Development Bank (AfDB) has projected that Africa will receive approximately US$100 billion in remittance inflows in 2025, as the continent positions itself to harness the full potential o...Published: 29 May 2025 at 10:20hrs | 27 | by Staff reporter
Treasury surpasses Q1 tax revenue target
Zimbabwe has exceeded its tax revenue collection target for the first quarter of 2025, with the Zimbabwe Revenue Authority (ZIMRA) collecting US$1.5 billion, marking a significant milestone in the gov...Published: 13 May 2025 at 10:02hrs | 118 | by Staff reporter
Concerns mount over devolution fund shortfalls in Zimbabwe
The government's failure to meet the five percent constitutional threshold for devolution funding since 2019 has sparked widespread criticism. From its inception to 2023, the Inter-Governmental Funds ...Published: 17 Dec 2024 at 15:00hrs | 424 | by Staff reporter
Harare City Council loses US$70m per year
The Harare City Council could be losing over US$70 million annually in uncollected revenue due to the absence of a modern Enterprise Resource Planning (ERP) financial system, according to suspended to...Published: 30 Nov 2024 at 12:51hrs | 338 | by Staff reporter
NetOne CEO makes US$1bn move
NetOne, Zimbabwe's oldest mobile telecoms operator, has laid ambitious plans to achieve US$1 billion in annual revenue by 2029, despite facing challenges in accessing capital. Chief executive officer ...Published: 05 Oct 2024 at 16:35hrs | 1275 | by Staff reporter
The curse of diamonds: How Zimbabwe's wealth is failing its people
I was listening this morning as the Minister of Mines, Winston Chitando, boasted over Zimbabwe's increasing diamond production. Indeed, Zimbabwe's diamond industry has long been touted as a be...Published: 01 Oct 2024 at 15:09hrs | 962 | by Tendai Ruben Mbofana
Sifiso Dabengwa dies
Zimbabwean-born South African corporate executive Raymond Sifiso Dabengwa, former president and CEO of telecoms giant MTN Group and a board member of Eskom, has passed away at the age of 66.Da...Published: 01 Sep 2024 at 15:52hrs | 6667 | 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 | 3 | by Staff reporter
David Coltart engages SA property firm
BULAWAYO mayor David Coltart is in discussions with South Africa-based company McCormick Property Development to speed up the construction of the multi-million-dollar Egodini Mall.The discussi...Published: 01 Dec 2023 at 04:58hrs | 13 | by Staff reporter
'Zimbabwe treasury lost $1,6 trillion to tax exemptions'
TREASURY, always in financial distress, lost about $1,6 trillion last year, up 312% compared to the prior year, through tax expenditures consisting of uncollected tax due to exemptions and incentives ...Published: 27 Jul 2023 at 06:39hrs | 1 | by Staff reporter
Lithium investor begins US$22m power line project
LITHIUM giant Bikita Sinomine has started work on the US$22 million (132KVA) power line stretching from Tokwe to Bikita in Masvingo Province.The 120km power line is meant to provide power to t...Published: 01 May 2023 at 08:09hrs | 2 | by Staff reporter
Zimbabwe companies miss Zimra revenue target
THE ZIMBABWE Revenue Authority (Zimra) says companies, which are some of the major contributors to revenue, missed the target for the quarter by 17,8% due to depressed economic performance and negativ...Published: 01 Aug 2022 at 06:36hrs | 1 | by Staff reporter
Zimra builds main office in Bulawayo
THE Zimbabwe Revenue Authority (Zimra) has started the construction of its main offices in Bulawayo, set to house all its operations as the tax collector seeks to improve efficiency.Work on th...Published: 24 Jul 2022 at 09:59hrs | 18 | by Staff reporter
Zimra surpasses H1 net revenue target
THE Zimbabwe Revenue Authority (Zimra) surpassed by 36,84% to $491,49 billion its target for cumulative net revenue collections for the first half of the year, owing to intensified compliance strategi...Published: 22 Jul 2022 at 06:42hrs | 2 | by Staff reporter
Scandal-ridden company monitors Zimbabwe calls
THE company which installed a Telecommunications Traffic Monitoring System (TTMS) at the Postal and Telecommunications Regulatory Authority of Zimbabwe headquarters in Harare this week — Global Voic...Published: 11 Jun 2022 at 20:42hrs | 25 | by Staff reporter
Zimbabwe's US$3bn platinum deal all but collapses in a shambles
IT was noisily touted as a game changer for Zimbabwe's mining sector, and the economy; a centrepiece of government's ambitious yet unrealistic US$12 billion target for the industry by next year and ca...Published: 31 May 2022 at 07:38hrs | 18 | by Staff reporter
Zimbabwe economy urgently needs tax reforms
For the fourth consecutive year, the Zimbabwe Revenue Authority (ZIMRA) has been exceeding budgeted quarterly and annual revenue targets (in ZW Dollar and in US Dollar terms). Even though the economy ...Published: 01 Apr 2022 at 12:40hrs | 10 | by Victor Bhoroma
Russia/ Ukraine crisis is a manufactured one to sabotage ties
THE Russian Defence ministry on Thursday morning announced that it had taken on Ukraine's air defences and its Air Force with a series of precision attacks, after airports and runways across the count...Published: 04 Mar 2022 at 06:48hrs | | by Staff reporter
Kuvimba to lead Zisco revival
Kuvimba Mining House, which has both private and State shareholding and has been resuscitating gold mines, has been chosen by Cabinet as the investment partner for the resuscitation of the Redcliff-ba...Published: 23 Feb 2022 at 05:40hrs | | by Staff reporter
Mnangagwa's oligarchs: The heirs of Cecil Rhodes
As Zimbabwe's economy has spiralled down, with one million economic refugees in South Africa alone and ordinary people facing shortages of food, fuel, medicine and shelter, there is a class of people ...Published: 08 Feb 2022 at 18:29hrs | 20 | by Phillip van Niekerk and a Zim-based Research Team
Chinese steel plant roars to life in Zimbabwe
A NEW town is set to be born between Mvuma-Chivhu and Manhize where Tsingshan Group Holdings, a Fortune 500 listed company is set to build a world class iron and steel plant that will also come with f...Published: 03 Aug 2021 at 07:16hrs | 2 | by Staff reporter
Mines endorse RBZ move
MINING industry executives yesterday commended the central bank's move to give the Zimbabwe Revenue Authority (Zimra) the sole mandate to collect fees and commissions previously paid to the Minerals M...Published: 01 Jun 2021 at 08:05hrs | 2 | by Staff reporter
Telecoms revenue jumps eightfold
Total mobile network revenue for 2020 ballooned 748 percent to $26,3 billion, from $3,1 billion recorded in 2019 amidst rising operating costs. According to the Postal and Telecommunications R...Published: 25 Mar 2021 at 05:35hrs | 1 | by Staff reporter
Batoka project on right track
Zimbabwe and Zambia are satisfied with progress on the US$5 billion Batoka Gorge Hydro-Electric Scheme (BGHES), which is expected to produce 2 400 megawatts.Zambezi River Authority (ZRA)'s Cou...Published: 07 Feb 2021 at 06:33hrs | | by Staff reporter
Soda Soda hands over chairmanship to Zambian counterpart
ENERGY minister Zhemu Soda yesterday handed over the chairmanship of Zambezi River Authority (ZRA) Council of Ministers (COM) to his Zambian counterpart, Mathew Nkhuwa.The chairmanship of the ...Published: 29 Jan 2021 at 06:49hrs | | by Staff reporter
Kuvimba Mining to raise US$1 billion, eyes VFEX listing
Kuvimba Mining House, the newly created mining company, will seek to raise US$1 billion to recapitalise its assets, which it hopes will generate an ambitious US$1.5 billion per annum by 2023. ...Published: 05 Jan 2021 at 18:27hrs | | by Staff reporter
Xenophobic tensions surge in South Africa
As the coronavirus outbreak has slammed the South African economy and pushed unemployment to a 17-year high, it's awakened a recurrent social demon: xenophobia.Anti-immigrant groups have stage...Published: 20 Dec 2020 at 18:28hrs | 1 | by Staff reporter
Mines Ministry does not have database
The Ministry of Mines does not have a database of mining claims and relies on mining registration cards and monthly revenue returns for information on existent mining operations. In a statemen...Published: 16 Nov 2020 at 07:12hrs | 3 | by Staff reporter
The real reason why Civil Servants are being neglected!
The standard of living for the generality of the people of Zimbabwe has worsened and the ordinary citizen now survives on less than US0.35 cents per day. The Government of Zimbabwe is however reluctan...Published: 28 Jul 2019 at 09:29hrs | 1 | by Pongo
South Africa's PSL faces collapse?
Clouds of doom gather over the South African PSL with its chairman, Irvin Khoza, dropping a bombshell yesterday the continent's richest top-flight league could collapse. The league has become ...Published: 29 Jan 2019 at 23:42hrs | 3 | by Staff reporter
Zimra to set up virtual border posts
THE Zimbabwe Revenue Authority (Zimra) is targeting to establish virtual border posts where travellers and their cargo will be cleared in less than five minutes.This was said by Zimra Commissi...Published: 27 Jan 2019 at 19:08hrs | | by Staff reportet
Mthuli Ncube's mobile transfer tax injects $177 million in three months
THE 2 percent mobile transfer tax introduced by government late last year has injected $177 million into the economy, the country's tax collector has revealed.According to the Zimbabwe Revenue...Published: 26 Jan 2019 at 16:55hrs | | by newzimbabwe
Mthuli Ncube's 2% tax rakes in millions
Zimbabwe's tax agency collected $177,27 million from the Intermediated Money Transfer Tax (IMTT) last year boosted by a review of the charge to 2 percent for electronic transactions in October as gove...Published: 25 Jan 2019 at 00:37hrs | 1 | by Staff reporter
Mnangagwa's pronouncement was not the whole truth
Since Saturday last week, Zimbabwe is one of the world's most expensive places to buy fuel from.That's after President Emmerson Mnangagwa announced new prices that showed an increase of over 1...Published: 17 Jan 2019 at 08:02hrs | 1 | by Staff reporter
Zimbabwe start-up targets foreign market
A Zimbabwean start-up, Flexi Africa, has set up an online trade platform which links local vendors to international markets.Flexi Africa chief executive Gerald Nyamadzawo told Standardbusiness...Published: 23 Dec 2018 at 10:38hrs | 1 | by Staff reporter
Mazibisa: A man on a mission
NKOSANA George Mazibisa is a young man on a mission. While his age mates are looking for employment, he has already set up a company and is creating jobs.After resigning from his job in 2013, ...Published: 04 Nov 2018 at 09:04hrs | 3 | by Staff reporter
Strive Masiyiwa's loyalty is to business
PRESIDENT Emmerson Mnangagwa is "sincere in what he's doing", economic recovery will be tough and Western sanctions must be lifted, says Econet Wireless founder Strive Masiyiwa.Masiyiwa was pa...Published: 01 Nov 2018 at 05:53hrs | 1 | by newZWire
Zimbabwe tax system hit by low compliance levels
Zimbabwe's tax system is characterised by low compliance levels as registered corporate taxpayers are not remitting their dues, a tax expert has said.Speaking at The Financial Gazette tax revi...Published: 20 Oct 2018 at 13:59hrs | 13 | by Staff reporter
New ministers to make tough decisions
Newly appointed Cabinet ministers, who will be sworn in tomorrow, believe President Emmerson Mnangagwa's vision of creating a middle-income economy by 2030 is attainable, and tough decisions will have...Published: 09 Sep 2018 at 08:09hrs | 1 | by Staff reporter
Chamisa, Mnangagwa lawyers join hand, fight in Wicknell's corner
INTRATREK Zimbabwe, founded by businessman Wicknell Chivayo, has filed a lawsuit at the High Court demanding $25 million from Zimbabwe Power Company (ZPC) in damages for alleged repudiation of a multi...Published: 07 Sep 2018 at 07:22hrs | 6 | by Staff reporter
Zimra busts smuggling syndicate
THE Zimbabwe Revenue Authority (Zimra), which is deepening its battle against corruption and smuggling, seized an assortment of goods worth thousands of dollars at the Beitbridge Border Post last week...Published: 26 Jul 2018 at 07:02hrs | | by Staff reporter
July 30 election results key to Zimbabwe economic recovery
"THE economy, stupid" is a popular phrase in American politics that came about in 1992 as the then United States presidential candidate Bill Clinton used this against sitting President George Herbert ...Published: 27 Jun 2018 at 06:59hrs | | by Tatira Zwinoira
Chivayo's partners blacklisted
AFRICAN Development Bank (AfDB) has banned Wicknell Chivayo's partner in the controversial Gwanda solar project for three years due to fraudulent practices such as misrepresentation of experience to q...Published: 08 May 2018 at 07:55hrs | 14 | by Staff reporter
Air Zimbabwe hit by aircraft shortages
Air Zimbabwe is battling a serious shortage of aircraft amid indications that it only has two serviceable aeroplanes, resulting in crippling flight cancellations that have dented the company's integri...Published: 08 Apr 2018 at 09:12hrs | | by Staff reporter
Zimra surpasses January target
The Zimbabwe Revenue Authority (Zimra) surpassed its January 2018 revenue target after gross collections totalled $350,97 million against a budget of $325,05 million, driven by strong out turn in coll...Published: 09 Feb 2018 at 06:10hrs | 1 | by Staff reporter
Zimra officers live in fear
ZIMBABWE Revenue Authority (Zimra) officials countrywide in charge of the Electronic Cargo Tracking System (ECTS), which curbs transit fraud, are living in fear after weeks of receiving death threats....Published: 26 Jan 2018 at 07:59hrs | | by Staff reporter
Zimbabwe to offer tax invcentives
Government will soon lower tax brackets for various economic players as an incentive to encourage investment in the country and grow the tax base.Addressing Zimbabweans and investors in Namibi...Published: 17 Jan 2018 at 06:09hrs | 3 | by Staff reporter
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