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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 | 248 | by Staff reporter
Zimbabwe Parliament demands removal of punitive taxes
Parliament has sharply escalated pressure on Treasury to urgently scrap punitive taxes, including the highly contentious 2% Intermediated Money Transfer Tax (IMTT), by August 31, 2025, in a bid to hal...Published: 26 Jun 2025 at 11:25hrs | 1725 | 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 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
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
Ariston reduces costs with new solar plants
Zimbabwe Stock Exchange-listed agricultural company, Ariston Holdings Limited, has reported substantial financial savings driven by its investment in solar energy projects, which have helped reduce de...Published: 16 May 2025 at 10:08hrs | 70 | by Staff reporter
Zimbabwe govt unveils agribusiness grants
The Zimbabwean government has launched a new initiative offering grants aimed at supporting the growth of the agribusiness sector, the Ministry of Lands, Agriculture, Fisheries, Water, and Rural Devel...Published: 01 May 2025 at 08:50hrs | 184 | by Staff reporter
Former Zapu cadre Njani Moyo dies
Elias Sikholiwe Njani Moyo, a revered figure in Zimbabwe's liberation struggle, has passed away at the age of 100. Moyo, who was sentenced to life imprisonment by the brutal Rhodesian regime in 1976 f...Published: 28 Apr 2025 at 12:19hrs | 201 | by Staff reporter
Brigadier-General Rungani dies
Retired Brigadier-General Victor Chikudo Rungani, a respected figure in the Zimbabwe National Army (ZNA) and a prominent member of the Masvingo Business Association, has passed away at the age of 76. ...Published: 24 Apr 2025 at 07:17hrs | 694 | by Staff reporter
Man arrested for attempted fraud of over ZiG1 Million
Henry Chishanga (39), a man from Chitungwiza, has appeared in court facing allegations of attempting to defraud an insurance company of over ZiG1 million by presenting fake proof of payment for insuri...Published: 16 Apr 2025 at 23:20hrs | 234 | by Staff reporter
Zimbabwe govt workers moonlight as street vendors
Every morning, Dumisani Ngara* gets up at dawn to catch a 6:30am bus to work at Zimbabwe's Ministry of National Housing and Social Amenities. The government-provided bus is free for civil servants in ...Published: 28 Mar 2025 at 12:41hrs | 1127 | by Staff reporter
Zimbabwe to slash taxes and fees
The Zimbabwean government has announced plans to implement significant reductions in taxes and regulatory fees over the next six months as part of efforts to enhance the ease of doing business and att...Published: 16 Mar 2025 at 09:20hrs | 368 | by Staff reporter
Bulawayo seeks to tap into diaspora market for economic growth
Bulawayo councillors are advocating for the creation of an inter-departmental team to market the city to potential investors in the diaspora. The move comes as the city prepares to host its inaugural ...Published: 09 Mar 2025 at 13:16hrs | 71 | by Staff reporter
Legal battle over Gono linked company continues in Harare court
A Harare couple, Aisha and Clark Clever Makoni, is embroiled in a legal dispute over allegations of fraudulently altering the directorship of Valley Lodges, a company reportedly linked to former Reser...Published: 04 Feb 2025 at 16:47hrs | 129 | by Staff reporter
Mukuru launches mobile wallet in Zimbabwe to bolster financial inclusion
Next-generation financial services platform Mukuru has introduced a mobile wallet in Zimbabwe following the issuance of a deposit-taking microfinance institution licence by the Reserve Bank of Zimbabw...Published: 14 Jan 2025 at 14:12hrs | 248 | by Staff reporter
Zimbabwe police warn of syndicate circulating counterfeit US$100 notes
The Zimbabwe Republic Police (ZRP) has issued a warning to the public regarding a syndicate circulating counterfeit US dollar notes in denominations of $100. The illegal operation is reportedly active...Published: 26 Nov 2024 at 08:19hrs | 669 | 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 | 3693 | by Tendai Ruben Mbofana
Mnangagwa demands apology, reparations from Britain for colonial atrocities
President Emmerson Mnangagwa has called on the British government to formally apologize for the historical injustices endured by indigenous Zimbabweans during the colonial era, which spanned from 1890...Published: 01 Nov 2024 at 06:33hrs | 516 | by Staff reporter
Mnangagwa declares State of Disaster after Mbare market fire
President Emmerson Mnangagwa has declared a State of Disaster following the devastating fire that tore through Mbare Traders Market on October 8, 2024. The fire, which raged for hours before being ext...Published: 15 Oct 2024 at 14:00hrs | 749 | by Staff reporter
Mnangagwa vows to remove barriers to modernisation
Zimbabwe is ready to embrace modern technology to accelerate its modernisation and industrialisation agenda, and the government will remove any obstacles that hinder this objective, President Mnangagw...Published: 08 Oct 2024 at 07:24hrs | 177 | by Staff reporter
Zanu-PF, opposition and the road to 2028
Zanu-PF's internal power dynamics regarding President Emmerson Mnangagwa's tenure beyond the constitutionally mandated two terms ending in 2028 and the state of the currently fractured opposition....Published: 29 Sep 2024 at 11:32hrs | 245 | by Zimbabwe Democracy Institute
90% of Zimbabwe adults in the informal sector
Millions of adult Zimbabweans have been driven into the informal business sector due to the declining formal market, according to a recent statement from the Coalition for Market and Liberal Solutions...Published: 11 Sep 2024 at 08:53hrs | 173 | by Staff reporter
Econet goes head-to-head with Starlink with new packages
Econet Wireless has launched its SmartBiz broadband data packages, aimed at meeting the connectivity needs of various business sectors, including small and medium-sized enterprises (SMEs), farmers, sc...Published: 11 Sep 2024 at 08:52hrs | 2680 | by Staff reporter
Econet ready for head-on competition with Starlink
The recent launch of Starlink in Zimbabwe has sparked considerable market excitement, prompting Econet Wireless, the nation's largest telecommunications and technology firm, to strategically position ...Published: 11 Sep 2024 at 08:49hrs | 254 | by Staff reporter
'West seeks to regain control of Zimbabwe's levers of power'
Martin Zharare, executive director of Citizens Against Economic Sanctions (CAES), has likened Zimbabwe's current situation to a "Fourth Chimurenga," describing it as an economic war waged by the ...Published: 08 Sep 2024 at 09:42hrs | 223 | by Staff reporter
Clueless minister wins award in Zimbabwe
Zimbabwe's clueless Information Communication Technology, Postal and Courier Services Minister Tatenda Mavetera received the Outstanding Young Business Leader accolade at the 2024 Eminence Business Aw...Published: 14 Jul 2024 at 09:58hrs | 1828 | by Staff reporter
FIU targets informal sector ZiG manipulators
The Financial Intelligence Unit (FIU), part of the Reserve Bank of Zimbabwe (RBZ), is intensifying efforts against the informal sector to combat currency manipulation aimed at undermining the Zimbabwe...Published: 26 Jun 2024 at 07:14hrs | 3 | by Staff reporter
South African GNU and Zimbabwe economy
GNU as portfolio controlThis week, South Africa's President Cyril Ramaphosa was inaugurated for his second and last term in office under the current Constitution.What is now awaited is...Published: 22 Jun 2024 at 11:28hrs | 7 | by @Jamwanda2 on Saturday
'ZiG a game changer for economy'
President Mnangagwa has hailed the Zimbabwe Gold currency (ZiG), backed by gold, as a robust strategy for achieving currency stability and fostering economic growth. Speaking at the 10th CEO Africa Ro...Published: 17 Jun 2024 at 08:56hrs | 1 | 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
Zimbabwe gears up for Sadc summit
THE country is geared up for the Sadc summit for Heads of State and Government set for August with several massive construction works ongoing, while a Sadc interministerial team is in Harare to finali...Published: 03 Apr 2024 at 06:03hrs | 2 | by Staff reporter
Zimbabwe businesses note low activity
THE business sector has reported a decline in activity since the announcement of the 2024 National Budget in November last year, NewsDay Business has learnt.Most firms found the 2024 Nat...Published: 15 Mar 2024 at 07:20hrs | | by Staff reporter
Zimbabwe unstoppable, says Mnangagwa
Despite the albatross of illegal, unjust, and baneful economic sanctions, Zimbabwe will continue marching on the path towards upper-middle-class economic status by 2030 with every Zimbabwean having a ...Published: 09 Mar 2024 at 09:13hrs | 2 | by Staff reporter
IMF advises Zimbabwe to adopt forex market reforms
As the instability of the beleaguered Zimbabwe dollar intensifies, the International Monetary Fund (IMF) has advised the government to adopt forex market reforms which are "more transparent and market...Published: 15 Feb 2024 at 10:01hrs | 2 | by Staff reporter
Mthulisi Ncube exempts VAT on key basic commodities
TREASURY has gazetted the suspension of Value Added Tax (VAT) on selected basic commodities with effect from today as part of Government measures to tame price increases while boosting consumer purcha...Published: 01 Feb 2024 at 04:57hrs | 16 | by Staff reporter
Sandra gets ready for roasting
Talented award-winning musician Sandra Ndebele, who is also Councillor for Ward 20 in Bulawayo, has contributed a lot to the local entertainment scene. As such, she will be celebrated uniquely...Published: 29 Jan 2024 at 06:53hrs | 1 | by Staff reporter
Zimra tightens screws on businesses
GOVERNMENT and the business sector are headed for a showdown after the Zimbabwe Revenue Authority (Zimra) yesterday announced a raft of tough measures limiting the formal traders' access to commoditie...Published: 04 Jan 2024 at 05:59hrs | 13 | by Staff reporter
Mumba Money appoints George Muchapirei as UK Chairman
Mumba Money, a leading international money transfer agency, is delighted to announce the appointment of George Muchapirei as Chairman of Mumba Money UK, effective 1 January 2024. With his extensive ex...Published: 02 Jan 2024 at 08:55hrs | 23 | by Nkululeko Nkomo
Zimra under attack over poor service
The Zimbabwe Revenue Authority (Zimra) is facing criticism from the industry for its poor service delivery, leading to customs clearance delays that result in daily losses for businesses.Durin...Published: 02 Oct 2023 at 06:25hrs | 3 | by Staff reporter
Time CCC show its cards
THE election tide is past and now we can see who was swimming naked.So much was promised during the election season and the period to deliver starts here and now.President Emmerson Mna...Published: 30 Sep 2023 at 07:52hrs | 1 | by Paidamoyo Muzulu
Mthuli Ncube abandons TNF
FINANCE minister Mthuli Ncube, who is currently seized with political campaigns for the Cowdray Park parliamentary seat, has left workers seething with anger after he snubbed the crucial latest round ...Published: 27 Jul 2023 at 20:31hrs | 17 | by Staff reporter
Mnangagwa to commission new Mugabe International Airport terminal tomorrow
PRESIDENT Emmerson Mnangagwa will officially commission the Robert Gabriel Mugabe (RGM) International Airport terminal tomorrow, the Airports Company of Zimbabwe (ACZ) has said.Government inje...Published: 13 Jul 2023 at 14:15hrs | 11 | by Staff reporter
NPC President targets Matebeleland
National People's Congress (NPC) President Engineer Wilbert Mubaiwa is set to take his campaign team to Bulawayo next week.The Presidential candidate Mubaiwa claims he has following in Matebel...Published: 09 Jul 2023 at 08:58hrs | 10 | by Simbarashe Sithole
Mnangagwa accuses Indian business people of hoarding basic goods
President Emmerson Mnangagwa has issued a stern warning to the business sector and specifically targeted Indians, accusing them of stockpiling basic supplies to create artificial shortages and boost p...Published: 03 Jul 2023 at 16:10hrs | 4 | by Staff reporter
Mnangagwa barking up the wrong tree
PRESIDENT Emmerson Mnangagwa's first five-year term in office ends in a little less than two months, but his message against so-called "economic saboteurs" remains the same and one wonders if he reall...Published: 03 Jul 2023 at 07:13hrs | 1 | by Staff reporter
SMEs 4ED launched
The Small and Medium Enterprises for Economic Development (SMEs for ED) Harare Chapter has been launched, and immediately pledged to mobilise voters for Zanu-PF Presidential candidate President Mnanga...Published: 03 Jul 2023 at 07:04hrs | 10 | by Staff reporter
Masiyiwa receives Afreximbank award
STRIVE Masiyiwa, the founder and chairperson of the Econet Group and Cassava Technologies, has expressed his appreciation at the recognition he received at the Afreximbank's Pan-African Business and D...Published: 25 Jun 2023 at 18:21hrs | 21 | by Staff reporter
'Full dollarisation suicidal for Zimbabwe'
THE Reserve Bank of Zimbabwe (RBZ) has warned against full dollarisation as the economy battles exchange rate volatility which has triggered astronomical price hikes.In 2008, the country ditch...Published: 20 Jun 2023 at 18:39hrs | 1 | by Staff reporter
New city for 30 000 residents on the cards in Zimbabwe
GOVERNMENT has approved a plan for the development of a new town between Mvuma-Chivhu and Manhize in the Midlands province amid growing interest from industrialists, banks, and other service providers...Published: 19 Jun 2023 at 06:45hrs | 38 | by Staff reporter
Kembo Mohadi slams propaganda cartels
ZANU- PF Second Secretary, Kembo Mohadi has slammed Western media and propaganda cartels using social media for causing unwarranted panic among citizens through their ill-conceived messaging on price ...Published: 16 Jun 2023 at 07:51hrs | 2 | by Staff reporter
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