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Zimbabwe to boost steel, coal exports to DRC amid growing demand
Zimbabwe should capitalise on its expanding steel and coal industries to increase exports to the Democratic Republic of Congo (DRC), where demand for these commodities is rapidly growing, Mines and Mi...Published: 16 hrs ago | 389 | by Staff reporter
GMB expands grain collection points
The Government has cautioned farmers against selling their maize and other grains to unscrupulous private buyers offering instant cash at prices far below the official rate, warning that such transact...Published: 16 hrs ago | 90 | by Staff reporter
Mukuru employees leave offices unattended
Disgruntled customers had to wait for nearly an hour on Monday when two Mukuru.com employees stationed at Waterfalls booth left offices unattended while displaying US$300 (10-dollar notes) over the co...Published: 12 Jun 2025 at 19:48hrs | 1455 | by Gideon Madzikatidze
Zimbabwe central bank raises ZWG$5.9 billion via treasury bills
The Reserve Bank of Zimbabwe (RBZ) has raised ZWG$5.9 billion through Treasury Bill (TB) issuances and private placements in 2024, as the government intensifies its domestic borrowing to fund operatio...Published: 12 Jun 2025 at 19:00hrs | 137 | by Staff reporter
Fadzayi Mahere criticizes Nick Mangwana's spin on IMF economic assessment
Former Mt Pleasant legislator and constitutional lawyer Fadzayi Mahere has publicly rebuked Information Permanent Secretary Nick Mangwana for attempting to portray the International Monetary Fund's (I...Published: 12 Jun 2025 at 18:56hrs | 160 | by Staff reporter
Zimbabwe govt mobilises for timely grain payments
The government is mobilising resources to ensure prompt payment for up to 150 000 metric tonnes of grain and oilseed deliveries following an improved 2024/25 agricultural season, Information, Publicit...Published: 12 Jun 2025 at 18:51hrs | 41 | by Staff reporter
Zimbabwe's grain deliveries surge
The Government has reported a significant increase in grain and oilseed deliveries to the Grain Marketing Board (GMB) for the 2024-2025 summer production season, signalling a positive outlook for nati...Published: 11 Jun 2025 at 13:22hrs | 202 | by Staff reporter
Chimombe, Mpofu charges dropped
The State has withdrawn fraud charges against businessman Moses Mpofu and ZANU PF central committee member Mike Chimombe in a case involving an allegedly corrupt lighting tender awarded by the Harare ...Published: 11 Jun 2025 at 12:52hrs | 2415 | by Staff reporter
ZiG ranked second worst performing currency
In a stark contrast of fortunes, Ghana's Cedi has emerged as the world's strongest-performing currency in 2025, gaining nearly 50% against the United States dollar, while Zimbabwe's Zimbabwe Gol...Published: 11 Jun 2025 at 11:26hrs | 714 | by Staff reporyter
Gold rally is bringing new riches to rural Zimbabwe
In Filabusi, the streets are packed with BMW X5s and Land Rover Defenders, modern houses paid for in cash are springing up and whisky is only sold by the bottle in the small town's bars.The th...Published: 11 Jun 2025 at 09:43hrs | 1768 | by Ray Ndlovu
IMF wants Zimbabwe's gold-backed ZiG to become sole currency
The International Monetary Fund (IMF) has expressed support for the full adoption of Zimbabwe's new currency, the Zimbabwe Gold (ZiG), as the country pushes to secure a staff-monitored program (SMP) t...Published: 11 Jun 2025 at 09:05hrs | 1037 | by Staff reporter
ZBFH to surrender building society licence by year-end
Financial services group ZB Financial Holdings (ZBFH) has announced its intention to comply with the Reserve Bank of Zimbabwe's (RBZ) conditions to surrender the licence of its building society unit b...Published: 11 Jun 2025 at 08:40hrs | 124 | by Staff reporter
Nedbank Zimbabwe wins US$2m Supreme Court case
The Supreme Court has thrown out an appeal by Israel-based firm Magic Software Enterprises Limited, which had sought to overturn a High Court decision that ruled nearly US$2 million held in a Nedbank ...Published: 10 Jun 2025 at 17:20hrs | 864 | by Staff reporter
CBDs struggle as suburbs gain traction
Zimbabwe's property market is grappling with a complex mix of economic pressures and changing tenant preferences, according to a recent report by Knight Frank.Vacancy rates in prime urban area...Published: 10 Jun 2025 at 08:47hrs | 301 | by Staff reporter
Time Bank proposes US$38bn debt bailout to Zimbabwe govt
Time Bank Holding Company has unveiled a bold proposal to lend the Zimbabwean government US$38 billion to clear national debt and compensate multiple groups owed by the State, with the loan secured th...Published: 10 Jun 2025 at 08:40hrs | 397 | by Staff reporter
Biti warns Zimbabwe heading toward collapse
Former Finance Minister Tendai Biti has sounded a dire warning over Zimbabwe's economic trajectory, claiming the country is collapsing under the burden of failed monetary reforms, rampant corruption, ...Published: 09 Jun 2025 at 17:38hrs | 1048 | by Staff reporter
Zimbabwe gold deliveries surge 26% year-on-year
Zimbabwe's gold mining sector continues to demonstrate strong performance, with gold deliveries to Fidelity Gold Refinery (FGR) rising by 27.6 percent year-on-year in May 2025. A total of 3 488 kilogr...Published: 09 Jun 2025 at 12:38hrs | 120 | by Staff reporter
Diesel prices fall slightly
Local motorists and businesses are enjoying a modest but welcome reprieve as diesel prices steadily declined over the first half of 2025.From January to June, the price of diesel dropped by ab...Published: 09 Jun 2025 at 08:40hrs | 172 | by Staff reporter
Outrage over multi-million-dollar land transfer deal to Chiyangwa
A controversial land compensation deal between the Government of Zimbabwe and businessman-cum-politician Philip Chiyangwa has sparked public outrage and renewed scrutiny over how state land is being a...Published: 08 Jun 2025 at 20:34hrs | 2797 | by Staff reporter
Turning the CIO into a party militia
It is 11am, Tuesday 3 June, 2025.A red Honda Fit notorious for political violence in Gutu District screeches to a halt and stops in the middle of the highway cowboy style.Clad in a blu...Published: 08 Jun 2025 at 13:23hrs | 368 | by Matthew Takaona
Zimbabwe gold reserves rises 12%
The Reserve Bank of Zimbabwe (RBZ) has announced that its gold reserves have grown by 12% to over 3.1 tonnes since March this year, bolstering the country's efforts to build a more stable foreign exch...Published: 06 Jun 2025 at 12:06hrs | 103 | by Staff reporter
Zimbabwe deploys drones along Mozambique border
The Zimbabwean government has intensified efforts to clamp down on smuggling along the country's porous eastern border with Mozambique through the full-scale deployment of drone surveillance technolog...Published: 06 Jun 2025 at 09:44hrs | 834 | by Staff reporter
Mnangagwa defends Geo Pomona Waste deal
President Emmerson Mnangagwa has defended the controversial takeover of Harare's waste management by Geo Pomona Waste Management, claiming the arrangement will significantly improve a sector long negl...Published: 06 Jun 2025 at 09:40hrs | 119 | by Staff reporter
Zimbabwe: A country where a Ferrari can't travel!
We live in a curious country.In traversing Zimbabwe's diverse and often rugged landscapes, one cannot help but notice the overwhelming presence of Sport Utility Vehicles (SUVs). F...Published: 05 Jun 2025 at 22:30hrs | 8592 | by Tendai Ruben Mbofana
Has democracy failed in Zimbabwe?
This is the million-dollar question we all need to ask ourselves.Democracy, by its very nature, is a noble and necessary concept. It is anchored on the principle that every human ...Published: 05 Jun 2025 at 22:28hrs | 258 | by Tendai Ruben Mbofana
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 | 2950 | by Staff reporter
'ZWG inflation won't affect consumer purchasing power'
The Reserve Bank of Zimbabwe (RBZ) has downplayed alarm over the country's surging annual ZWG inflation, urging economic players to disregard year-on-year figures and instead focus on more reflective ...Published: 05 Jun 2025 at 10:07hrs | 76 | by Staff reporter
Trabablas Interchange eases congestion
The newly completed Trabablas Traffic Interchange has breathed new life into one of Harare's busiest road junctions, drastically improving traffic flow and turning a former congestion hotspot into a s...Published: 04 Jun 2025 at 09:39hrs | 2624 | 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
Nurses clash with Parirenyatwa over US$150 graduation fee
A storm is brewing at Parirenyatwa Group of Hospitals as graduate nurses demand clarity and flexibility over a mandatory US$150 graduation and administration fee - insisting that being forced to pay i...Published: 03 Jun 2025 at 09:25hrs | 354 | by Staff reporter
Gold miner pays fees for underprivileged learners
Shamva-based gold mining company Ming Chang has reaffirmed its commitment to community development by donating thousands of dollars worth of school fees and stationery to underprivileged learners at M...Published: 02 Jun 2025 at 09:03hrs | 153 | by Staff reporter
Nssa targets zero workplace accidents
The National Social Security Authority (NSSA) has reaffirmed its commitment to eradicating workplace injuries, illnesses, and fatalities across Zimbabwe, as it intensifies efforts to promote occupatio...Published: 02 Jun 2025 at 09:01hrs | 73 | by Staff reporter
Honeymoon over for land barons
The Zimbabwean government has announced a new offensive against land and space barons who have been illegally allocating State land in urban and peri-urban areas, following the unveiling of a comprehe...Published: 02 Jun 2025 at 09:00hrs | 840 | by Staff reporter
Mukuru loses $33,000 to armed robbers
A daring gang of five armed robbers struck at Gains Cash & Carry and Mukuru outlets at Murambinda Growth Point on the night of May 24, making off with a total haul of $11,187 in US dollars and R31...Published: 01 Jun 2025 at 14:53hrs | 681 | by Staff reporter
RBZ defends Zimbabwe forex surrender requirements
The Reserve Bank of Zimbabwe (RBZ) has reaffirmed the importance of current foreign exchange surrender requirements, emphasizing their critical role in supporting key economic sectors that lack direct...Published: 01 Jun 2025 at 14:37hrs | 1974 | by Staff reporter
Zimbabwe records strong forex surplus
Zimbabwe has experienced sustained foreign currency inflows that not only meet its external payment obligations but have generated a substantial surplus averaging US$400 million per month over the 14-...Published: 01 Jun 2025 at 14:35hrs | 161 | by Staff reporter
Harare remand prison a haven for drugs and corruption
Despite being guarded round the clock, Harare Remand Prison has become a notorious hub for drugs, smuggling, and illicit trading, activities abetted by some of the very guards assigned to enforce orde...Published: 01 Jun 2025 at 14:27hrs | 121 | by Staff reporter
ZiG inflation rises to 92%
Zimbabwe's annual inflation measured in the local currency (ZiG) surged to 92.1% in May 2025, up from April's 85.7%, signaling growing challenges for the Reserve Bank of Zimbabwe (RBZ) in containing t...Published: 31 May 2025 at 14:04hrs | 1095 | by Staff reporter
Harare City Council is dead, needs complete overhaul
Former chairperson of Harare City Council's audit committee, Councillor Blessing Duma, has delivered a scathing indictment of the local authority, declaring that "the council is dead" and requires not...Published: 31 May 2025 at 14:03hrs | 546 | by Staff reporter
Global Investment Conference for Africa 2025 to take place in Harare
Harare is set to host the Global Investment Conference for Africa (GICA) 2025 from September 11 to 13, bringing together prominent business leaders and investors from across the world.Organise...Published: 31 May 2025 at 13:56hrs | 50 | 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 | 539 | by Staff reporter
Zimbabwe misses €150 billion conditional funding from EU
Europe and Africa's strategic partnership has entered an exciting new phase, with both continents reaffirming their commitment to deepen economic cooperation and promote global peace. However, Zimbabw...Published: 30 May 2025 at 12:14hrs | 388 | by Staff reporter
Steward Bank records 18% surge in US dollar deposits
Steward Bank has reported an 18% year-on-year increase in US dollar deposits, along with a boost in profitability, in a development seen as a strong vote of confidence in the bank's evolving strategy ...Published: 30 May 2025 at 12:10hrs | 86 | by Staff reporter
Zimbabwe's pension crisis: Full compensation for 2008 losses may take 100 years
Zimbabwe's pension funds have sounded the alarm over their inability to compensate retirees who lost their life savings during the 2008 economic collapse, warning that, at current fund levels, full re...Published: 30 May 2025 at 12:08hrs | 241 | by Staff reporter
Council bleeding funds over unrepaid travel allowances
Chinhoyi Municipality could be losing thousands of dollars amid revelations that councillors are benefiting from advance subsistence allowances for official trips they never undertook - and are not re...Published: 30 May 2025 at 08:54hrs | 118 | by Staff reporter
Black and White farmers rebuild Zimbabwe's agricultural ties
In a field rich with paprika plants near the heart of Zimbabwe, fourth-generation white farmer Daniel Burger and newcomer Miriam Mupambawashe - a black farmer who arrived with the land reforms of the ...Published: 30 May 2025 at 08:51hrs | 102 | by Staff reporter
Treasury delists defaulting suppliers, bans pre-payment of services due to non-delivery
The Ministry of Finance and Economic Development has blacklisted a number of suppliers who failed to deliver goods and services after receiving advance payments from the government, Permanent Secretar...Published: 30 May 2025 at 08:50hrs | 56 | by Staff reporter
Cash-hoarding cripples Zimbabwe banking sector
Zimbabwe's banking sector is under immense strain due to a severe liquidity crisis, with billions of dollars being hoarded outside the formal financial system by wealthy individuals. This alarming dev...Published: 29 May 2025 at 13:18hrs | 719 | by Staff reporter
Zimbabwe's inflation rate shows signs of easing
Zimbabwe's weighted and US dollar monthly inflation rates eased in May 2025, with the weighted inflation dropping by 0.3 percentage points to reach 0 percent, indicating progress towards greater econo...Published: 29 May 2025 at 10:30hrs | 329 | by Staff reporter
'Zimbabwe could unlock US$9bn from retaken land'
The outgoing president of the African Development Bank (AfDB), Akinwumi Adesina, has revealed that Zimbabwe could unlock up to US$9 billion from land seized during the 2001 fast-track land reform prog...Published: 29 May 2025 at 10:24hrs | 211 | by Staff reporter
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