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Zimbabwe and Zambia Strengthen Bilateral Trade Ties Amid Shifting Global Dynamics
Mt Hampden, Zimbabwe - In a bid to fortify economic cooperation, Zimbabwe and Zambia have outlined clear strategies to enhance their bilateral trade, emphasizin...Published: 8 hrs ago | 87 | by Staff Reporter
Kariba turns into ghost town
The eastern shoreline of Kariba, once a crown jewel in Zimbabwe's tourism industry, is fast slipping into obscurity as tourism operators flee the area amid plummeting visitor numbers, collapsing infra...Published: 06 Jun 2025 at 12:04hrs | 5351 | by Staff reporter
Zimbabwe tourism industry bleeds US$40 million in 90 days
Zimbabwe's tourism industry is reeling from a steep downturn after losing nearly US$40 million in potential revenue during the first quarter of 2025, amid a silent but deadly investor exodus and persi...Published: 06 Jun 2025 at 12:03hrs | 144 | by Staff reporter
Zimbabwe exporters sound alarm over tough new forex rules
Zimbabwean exporters are facing fresh turbulence following the government's move to tighten foreign currency controls - scrapping critical export incentives and enforcing tougher surrender requirement...Published: 05 Jun 2025 at 11:34hrs | 2473 | by Staff reporter
RBZ applauds declining inflation
The Reserve Bank of Zimbabwe (RBZ) has lauded the continued decline in monthly inflation as a key indicator of growing economic stability, with both local and foreign currency-denominated prices showi...Published: 03 Jun 2025 at 09:48hrs | 86 | by Staff reporter
Matabeleland firms shine at ZNCC awards
Mr. Hafiz Muhammad Naeem of Evergold was the star of the evening on Friday as he took home the Overall Winner and Businessman of the Year awards at the Zimbabwe National Chamber of Commerce (ZNCC) 202...Published: 01 Jun 2025 at 14:57hrs | 154 | by Staff reporter
Border gridlock as Zimbabwe's new cement tax faces legal challenge
Over 50 haulage trucks loaded with white cement have been stranded at the Chirundu Border Post after the Zimbabwe Revenue Authority (ZIMRA) began enforcing a newly introduced 30 percent surtax on impo...Published: 01 Jun 2025 at 14:12hrs | 115 | by Staff reporter
Cement importer takes Mthuli Ncube to court
Leading cement importer Augutich Investments (PVT) LTD has taken Finance Minister Mthuli Ncube to the High Court, accusing him of unlawfully imposing a 30% surtax on cement imports covered under the C...Published: 31 May 2025 at 14:01hrs | 428 | by Staff reporter
ZNCC calls for urgent policy reform
The Zimbabwe National Chamber of Commerce (ZNCC) has issued a strong call for urgent policy reforms to revive the country's struggling economy, warning that businesses cannot thrive under the current ...Published: 31 May 2025 at 13:48hrs | 70 | by Staff reporter
Refineries under threat as RBZ gulps more forex
Zimbabwe's biggest mining companies have sounded alarm bells over the potential suspension of crucial expansion projects - including refineries valued at over US$432 million - following the Reserve Ba...Published: 30 May 2025 at 12:18hrs | 536 | by Staff reporter
Nestlé injects US$7 million into Zimbabwe cereal production
Global food and beverage giant Nestlé has announced a US$7 million investment to expand its cereal manufacturing operations in Harare, reinforcing Zimbabwe's strategic role as a regional production h...Published: 29 May 2025 at 17:47hrs | 200 | by Staff reporter
JR Goddard sues Bulawayo property developer
Renowned businessman James Ross Goddard has taken legal action against a Bulawayo property developer in an effort to recover over US$450,000 owed for contracted works.Through his company, JR G...Published: 28 May 2025 at 10:32hrs | 489 | by Staff reporter
How the NRZ Can Fund Zimbabwe's Pensioners on Its Own
As Zimbabweans, do we pause to look inward and realise that some of the solutions we desperately seek already lie within our own institutions. The National Railways of Zimbabwe (NRZ) stands as a t...Published: 24 May 2025 at 23:02hrs | 423 | by Jacob Kudzayi Mutisi
Zimra tax audit blitz alarms Zimbabwe business
The Zimbabwe National Chamber of Commerce (ZNCC) has raised concerns over the Zimbabwe Revenue Authority's (Zimra) intensified audit regime, warning that aggressive tax enforcement is placing undue co...Published: 24 May 2025 at 10:59hrs | 231 | by Staff reporter
Witness incriminates Ministry of Industry and Commerce officials
The trial of three Ministry of Industry and Commerce officials accused of issuing fraudulent vehicle import licences to over 200 unqualified individuals resumed this week, with damning forensic eviden...Published: 24 May 2025 at 09:21hrs | 564 | by Staff reporter
Zimbabwe govt moves to break Tongaat Hulett's monopoly
The Zimbabwean government has announced plans to introduce new players into the sugarcane milling industry to break the monopoly held by Tongaat Hulett Zimbabwe, a move aimed at boosting competition, ...Published: 22 May 2025 at 12:07hrs | 888 | by Staff reporter
Busisa Moyo accepts Land Cruiser gift from Chivayo
United Refineries Limited CEO and prominent Zimbabwean business leader Busisa Moyo has accepted a luxury vehicle valued at US$200,000 from businessman Wicknell Chivayo as a token of appreciation for h...Published: 21 May 2025 at 16:20hrs | 1643 | by Staff reporter
EU-Zimbabwe Business Forum kicks off in Harare
The inaugural EU-Zimbabwe Business Forum kicked off in Harare on Tuesday, marking a significant step toward revitalising and strengthening trade and investment relations between Zimbabwe and the Europ...Published: 21 May 2025 at 13:22hrs | 109 | by Staff reporter
Smuggling takes toll on Zimbabwe economy
A sharp increase in smuggling and unregulated imports is intensifying illicit financial flows (IFFs) in Zimbabwe, severely undermining the country's formal retail sector. Authorities have recently pro...Published: 16 May 2025 at 10:41hrs | 396 | by `
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 | 74 | by Staff reporter
Zimbabwe strengthens private sector role in economic development drive
Zimbabwe is forging ahead with a private sector-led economic model, as the Government and business leaders intensify collaboration aimed at creating a robust and sustainable economy. The move is align...Published: 16 May 2025 at 09:53hrs | 55 | by Staff reporter
ZITF CEO receives his Toyota Landcruiser from Chivayo
Zimbabwe International Trade Fair (ZITF) Company chief executive officer Dr Nicholas Ndebele was left speechless yesterday after receiving a brand-new 2025 Toyota Land Cruiser 300 series VXR, valued a...Published: 15 May 2025 at 09:30hrs | 506 | by Staff reporter
Zimbabwe's green economy drive gets support
Zimbabwe's bold shift toward a green economy has received strong backing from lawmakers and international development partners, as the nation ramps up efforts to tackle the effects of climate change a...Published: 15 May 2025 at 09:06hrs | 81 | by Staff reporter
Zimbabwe's repetitive licensing fees to stop in 6 months
Industry and Commerce Minister, Mangaliso Ndlovu, has pledged that the government's efforts to reduce the burden of repetitive business licenses will come to fruition within the next six months, a mov...Published: 13 May 2025 at 10:32hrs | 10845 | by Staff reporter
Zimbabwe govt defends car import ban
The import ban on vehicles older than 10 years, which came into effect in January 2022, is part of Zimbabwe's strategy to protect and revitalize the country's motor manufacturing industry, which has b...Published: 13 May 2025 at 10:14hrs | 19523 | by Staff reporter
Switzerland pledges $200,000 to renovate Bulawayo's Bhaktas market
Switzerland has pledged a US$200,000 donation towards the development of Bhakta's Market in Bulawayo, offering a significant boost to the city's drive to formalise and modernise trading spaces for inf...Published: 10 May 2025 at 14:19hrs | 157 | by Staff reporter
Zimbabwe's steel industry set for a significant revival
Zimbabwe's steel industry is set for a significant revival as the Zimbabwe Iron and Steel Company (Zisco) collaborates with Dinson Iron & Steel Company to drive growth and development in the secto...Published: 10 May 2025 at 13:11hrs | 130 | by Staff reporter
Zimbabwe govt still struggling to revive ZISCO Steel
Years after pledging to revive the defunct ZISCO Steel, the Zimbabwean government is still grappling to present a clear, actionable plan for restoring the once-iconic steel manufacturer to its former ...Published: 09 May 2025 at 13:06hrs | 450 | by Staff reporter
Matebeleland MPs applaud rural industrialisation drive
Legislators from the Matebeleland region have expressed strong support for the government's emphasis on rural industrialisation, a key theme at this year's Zimbabwe International Trade Fair (ZITF). Ho...Published: 06 May 2025 at 08:56hrs | 493 | by Staff reporter
Zimbabwe govt's anti-smuggling dragnet nets 472
The Government of Zimbabwe has ramped up its efforts in the ongoing anti-smuggling blitz, resulting in over 200 prosecutions and 269 compliance notices issued as part of a sustained crackdown against ...Published: 06 May 2025 at 08:51hrs | 209 | by Staff reporter
Zimbabwe restricts steel imports
The Zimbabwean government has introduced new restrictions on the importation of specific steel products, requiring importers to obtain licences before bringing them into the country, in a move designe...Published: 02 May 2025 at 19:44hrs | 623 | by Staff reporter
Iran-Zimbabwe to launch pharmaceutical joint venture
Zimbabwe is set to benefit from a major industrial boost following Iran's commitment to establish a pharmaceutical manufacturing facility and a tractor assembly plant in the country through a joint ve...Published: 30 Apr 2025 at 07:12hrs | 134 | by Staff reporter
Foreigners tighten grip on Zimbabwe's retail sector
Foreign nationals are increasingly dominating Zimbabwe's retail sector, raising concerns over the flouting of laws that reserve the industry for indigenous Zimbabweans.Despite legal provisions...Published: 29 Apr 2025 at 08:52hrs | 1046 | by Staff reporter
ZITF 2025 generates US$10 million worth of deals
The 65th edition of the Zimbabwe International Trade Fair (ZITF) concluded on a high note yesterday, generating business deals worth up to US$10 million and securing significant trade agreements, rein...Published: 28 Apr 2025 at 12:32hrs | 64 | by Staff reporter
China says US should revoke unilateral tariffs, denies talks
China demanded that the US revokes all unilateral tariffs and denied there were talks on reaching a trade deal, maintaining a defiant stance despite President Donald Trump's recent easing of criticism...Published: 28 Apr 2025 at 12:05hrs | 64 | by Staff reporter
Zimbabwe airports see surge in passengers
The Airports Company of Zimbabwe (ACZ) has commended the surge in air traffic witnessed at the country's airports during the ongoing Zimbabwe International Trade Fair (ZITF) 2025, describing it as a s...Published: 24 Apr 2025 at 21:15hrs | 318 | by Staff reporter
Chiwenga urges industry to partner universities
Vice-President Constantino Chiwenga yesterday called on Zimbabwe's industry and commerce sectors to strengthen their collaboration with universities and research institutions to drive innovation and f...Published: 24 Apr 2025 at 07:35hrs | 653 | by Staff reporter
Minister Ndlovu calls for collaboration to achieve rapid industrialisation
The Zimbabwean government is intensifying efforts to reduce the high cost of doing business and tackle the smuggling of counterfeit products, which have been negatively impacting the country's manufac...Published: 24 Apr 2025 at 07:22hrs | 46 | by Staff reporter
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 | 38 | by Staff reporter
Bulawayo defies stay-away calls
Bulawayo residents demonstrated clear defiance against the so-called stay-away called by discredited former Zanu-PF Central Committee member, Blessed Geza, as the Zimbabwe International Trade Fair (ZI...Published: 23 Apr 2025 at 08:33hrs | 181 | by Staff reporter
Zimbabweans ignore stayaway call
Zimbabweans across the country yesterday overwhelmingly rejected calls for a nationwide stayaway, choosing instead to go about their daily routines as usual. Shops, Government offices, vegetable marke...Published: 23 Apr 2025 at 08:29hrs | 94 | by Staff reporter
India reassures Zim collaboration, applauds Chiwenga
BULAWAYO - India's Ambassador to Zimbabwe, His Excellency Bramha Kumar appreciated Zimbabwe International Trade Fair's (ZITF) business to business arrangements and emphasised the growing interest of I...Published: 22 Apr 2025 at 22:10hrs | 675 | by Gideon Madzikatidze/Simbarashe Sithole
Bulawayo ranks second in GDP contribution
Bulawayo Metropolitan Province has cemented its position as Zimbabwe's second-largest contributor to the national gross domestic product (GDP), following closely behind Harare. This development was re...Published: 22 Apr 2025 at 07:37hrs | 1351 | by Staff reporter
US signals stronger economic engagement with Zimbabwe
As Zimbabwe marked its 45th Independence anniversary last Friday with celebrations led by President Emmerson Mnangagwa in Gokwe Nembudziya, the United States extended a hand of goodwill and signaled a...Published: 21 Apr 2025 at 09:02hrs | 980 | by Staff reporter
Zimbabwe lifts exchange rate controls
Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability a...Published: 17 Apr 2025 at 07:36hrs | 11467 | by Staff reporter
Zimbabwe manufacturing sector faces challenges
Industry and Commerce Minister Nqobizitha Ndlovu has called for urgent action to address the challenges stifling the competitiveness of Zimbabwe's manufacturing sector, after new findings revealed tha...Published: 16 Apr 2025 at 23:23hrs | 103 | by Staff reporter
Busisa Moyo inducted into Zimbabwe business hall of fame
Renowned industrialist and business leader Mr Busisa Moyo has been inducted into the Zimbabwe Business Hall of Fame 2025, a prestigious honour recognising his exceptional contribution to Zimbabwe's ec...Published: 16 Apr 2025 at 23:16hrs | 200 | by Staff reporter
Zimra blitz disrupts Bulawayo traders
Scores of traders operating within Bulawayo's city centre were left reeling last week after the Zimbabwe Revenue Authority (Zimra) implemented a series of business closures, as part of a wider nationa...Published: 15 Apr 2025 at 08:42hrs | 1981 | by Staff reporter
'RBZ walks the talk on ZiG'
Zimbabwe's efforts to stabilise its currency and foster price stability are showing significant progress, with foreign currency reserves backing the Zimbabwe Gold (ZiG) surpassing US$600 million, sign...Published: 14 Apr 2025 at 09:20hrs | 3713 | by Staff reporter
Zimbabwe's foreign currency reserves surge as ZiG gains stability
Zimbabwe's efforts to stabilise its local currency, the Zimbabwe Gold (ZiG), have begun yielding tangible results, with the country's foreign currency reserves exceeding US$600 million, the Reserve Ba...Published: 13 Apr 2025 at 12:23hrs | 10305 | by Staff reporter
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