Search / Economic landscape
Zimbabwe's GDP grows 2.9% to US$45.7 billion
Zimbabwe's economy expanded by 2.9 percent in 2024, with the Gross Domestic Product (GDP) rising to US$45.7 billion from US$44.4 billion in 2023, according to the latest figures released by the Zimbab...Published: 02 Jul 2025 at 17:46hrs | 164 | by Staff reporter
First Mutual Holdings suffers US$27 million loss
Financial services group First Mutual Holdings Limited (FMHL) has reported a significant after-tax loss of US$27.11 million for the financial year ended December 31, 2024, reversing the previous year'...Published: 02 Jul 2025 at 12:05hrs | 229 | by Staff reporter
Tagwirei sparks feud with Kasukuwere, Biti
ZANU PF-aligned businessman Kudakwashe Tagwirei has ignited a political storm after accusing self-exiled former cabinet minister Saviour Kasukuwere and former Finance Minister Tendai Biti of corruptio...Published: 26 Jun 2025 at 15:44hrs | 1115 | by Staff reporter
Zimbabweans: No one is coming to save us
For 45 years, Zimbabweans have lived with the weight of unfulfilled promises from successive governments. From independence in 1980 to the present day, the narrative has been one of hope, resilience a...Published: 24 Jun 2025 at 11:31hrs | 802 | by Engineer Jacob Kudzayi Mutisi
Food Lovers Market shutdown exposes deeper turmoil at OK Zimbabwe
The impending closure of Food Lovers Market outlets in Borrowdale and Avondale signals a deeper crisis engulfing OK Zimbabwe, the country's largest retail group, which is struggling to stay afloat ami...Published: 12 Jun 2025 at 18:59hrs | 398 | by Staff reporter
Chivayo donates US$250,000 to Highlanders FC
Prominent tenderprenuer Wicknell Chivayo has made headlines with a major donation of US$250,000 to Highlanders Football Club (Bosso), the oldest and one of the most culturally significant football tea...Published: 11 Jun 2025 at 09:49hrs | 2128 | by Staff reporter
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: 07 Jun 2025 at 19:13hrs | 333 | by Staff Reporter
Prophet Magaya sparks buzz with acquisition of 2025 Rolls-Royce Cullinan
Prominent religious leader and entrepreneur Walter Magaya has made headlines once again after acquiring a 2025 Rolls-Royce Cullinan, one of the world's most luxurious and expensive SUVs. The vehicle's...Published: 05 Jun 2025 at 13:27hrs | 2218 | by Staff reporter
Zanu-PF warns Tagwirei
ZANU-PF will not tolerate businessmen who join the ruling party with secret ambitions to take power, party spokesperson Christopher Mutsvangwa has warned, amid growing speculation that influential bus...Published: 28 May 2025 at 12:16hrs | 5277 | by Staff reporter
Zimbabwe mining sector job carnage only a tip of the iceberg
Zimbabwe's mining sector recorded a staggering loss of 1,216 jobs in 2024 - a 314% increase from the previous year - according to a recent report by the Chamber of Mines of Zim...Published: 26 May 2025 at 08:20hrs | 171 | by Staff reporter
Zimbabwe telecom companies hike tariffs
Zimbabwe's major telecommunications companies have announced long-anticipated increases in the prices of voice, data, and SMS bundles following regulatory approval by the Postal and Telecommunications...Published: 21 May 2025 at 19:55hrs | 383 | 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 | 112 | by Staff reporter
Zimbabwe, Mozambique sign landmark energy deal
Zimbabwe and Mozambique have signed a landmark agreement to deepen cooperation in the energy sector, a development poised to significantly improve energy security and infrastructure across Southern Af...Published: 09 May 2025 at 10:57hrs | 224 | by Staff reporter
Zimbabwe retail sector to grow by 5,10% in 2025
The Zimbabwean retail sector is projected to grow by 5.10% in 2025, with its future expansion dependent on how well it navigates the challenges of the operating environment, including the increasing d...Published: 08 May 2025 at 16:08hrs | 193 | 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
Trade Fair brings brisk business for vendors, kombis
For small entrepreneurs like Mr Felix Ndlovu and Mr Lovemore Mutatu, the Zimbabwe International Trade Fair (ZITF) is not just an annual event, but a golden opportunity that redefines their year's earn...Published: 28 Apr 2025 at 12:29hrs | 87 | by Staff reporter
Econet Wireless Zimbabwe dominates 65th ZITF
Econet Wireless Zimbabwe stole the show at the 65th edition of the Zimbabwe International Trade Fair (ZITF), walking away with four top awards, including the coveted Presidential Award for the Supreme...Published: 26 Apr 2025 at 09:38hrs | 256 | by Staff reporter
Chiwenga, Mohadi tour ZITF stands
Vice Presidents Constantino Chiwenga and Kembo Mohadi yesterday visited the Zimbabwe International Trade Fair (ZITF), commending both local and international exhibitors for their innovation and contri...Published: 25 Apr 2025 at 07:41hrs | 376 | by Staff reporter
China reaffirms commitment to Zimbabwe's industrialisation agenda
Chinese ambassador Zhou Ding has reiterated his country's strong commitment to supporting Zimbabwe's industrialisation and sustainable development agenda, as economic ties between the two nations cont...Published: 25 Apr 2025 at 07:27hrs | 27 | by Staff reporter
Mthuli Ncube unveils industrial development facilities
Zimbabwe's Finance Minister, Mthuli Ncube, has outlined a comprehensive strategy aimed at supporting the growth of micro, small, and medium-sized enterprises (MSMEs) in the country. The initiative, wh...Published: 24 Apr 2025 at 21:17hrs | 287 | by Staff reporter
Zinara launches 'One Million Campaign'
The Zimbabwe National Road Administration (ZINARA) has launched an ambitious nationwide initiative, the 'One Million Campaign,' aimed at licensing one million vehicles by the end of 2025. This strateg...Published: 24 Apr 2025 at 21:16hrs | 264 | 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
ZITF Company secures US$12 million for shopping complex
The Zimbabwe International Trade Fair (ZITF) Company has announced a major milestone in its transformation, securing a US$12 million investment for the construction of a modern shopping centre at its ...Published: 24 Apr 2025 at 07:18hrs | 246 | by Staff reporter
Govt offers driver's licence, documents to motorists and public at ZITF
The Government of Zimbabwe has introduced a wide range of motorist and public services at the ongoing Zimbabwe International Trade Fair (ZITF) 2025 in a move aimed at enhancing accessibility, reducing...Published: 23 Apr 2025 at 08:25hrs | 300 | by Staff reporter
Tagwirei tipped for Zanu-PF Central Committee role
Prominent businessman Kudakwashe Tagwirei is poised to play a key role in Zimbabwe's political and economic landscape, following a recommendation by Zanu-PF's Harare Provincial Coordinating Committee ...Published: 21 Apr 2025 at 09:00hrs | 421 | by Staff reporter
ZITF roars to life
The Zimbabwe International Trade Fair (ZITF) 2025 has officially opened today in Bulawayo, transforming the city into a bustling hub of activity as final preparations for the prestigious event were co...Published: 21 Apr 2025 at 08:59hrs | 186 | by Staff reporter
Bulawayo reimagines its future as 65th ZITF opens
As the 65th edition of the Zimbabwe International Trade Fair (ZITF) kicks off in Bulawayo today, the host city is seizing the moment to present itself not merely as an event venue, but as a bold and a...Published: 21 Apr 2025 at 08:56hrs | 322 | by Staff reporter
Modi acquires Choppies Zimbabwe for US$260,000 after selling it for US$22 million
Deputy Industry Minister and prominent businessman Raj Modi has acquired Choppies Zimbabwe for just US$260,000, marking a dramatic turn in the retail chain's fortunes more than a decade after the Bots...Published: 17 Apr 2025 at 20:46hrs | 2729 | by Staff reporter
ZITF 2025 shatters records
The Zimbabwe International Trade Fair (ZITF) has reached full capacity ahead of its 2025 edition, following an unprecedented surge in interest from local and international exhibitors. The overwhelming...Published: 17 Apr 2025 at 07:37hrs | 915 | 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 | 202 | by Staff reporter
Bulawayo gears up to host landmark 65th edition of ZITF
The City of Bulawayo is set to roll out the red carpet for the 65th edition of the Zimbabwe International Trade Fair (ZITF), which kicks off next Monday, with Minister of State for Bulawayo Provincial...Published: 16 Apr 2025 at 23:14hrs | 634 | by Staff reporter
ZITF 2025 fully booked as international participation increases
The Zimbabwe International Trade Fair (ZITF) 2025 has reached full capacity for its traditional exhibition space, with additional space being created to accommodate a growing number of exhibitors, ZIT...Published: 16 Apr 2025 at 22:54hrs | 38 | by Staff reporter
ZITF urges hotels, lodges to moderate rates
The Zimbabwe International Trade Fair (ZITF) has urged the hospitality industry to reconsider its pricing structure, as exhibitors and visitors have raised concerns over high accommodation rates durin...Published: 13 Apr 2025 at 09:39hrs | 163 | by Staff reporter
Zimra waits for Treasury guidance over US tariff removal
The Zimbabwe Revenue Authority (Zimra) is awaiting formal guidance from the Ministry of Finance, Economic Development, and Investment Promotion regarding the implementation of President Emmerson Mnang...Published: 10 Apr 2025 at 09:09hrs | 131 | by Staff reporter
Mnangagwa, Chivhayo, Tagwirei and the wantons of social media
Awareness, understanding, and consideration for the complexities of business, personal effort, and the broader energetic principles at play in society. Here's a refined argument that acknowledges the ...Published: 09 Apr 2025 at 15:26hrs | 1008 | by Collins Chapasuka
Geza motivated by financial selfish gains, says Tungwarara
The Special Presidential Investment Advisor, Dr. Paul Tungwarara, has dismissed war veteran Blessed Geza as a failed politician, accusing him of being driven by selfish interests. He urged the former ...Published: 02 Apr 2025 at 08:46hrs | 178 | by Staff reporter
Tagwirei co-opted into Zanu-PF Central Committee
The Zanu-PF Harare Province executive has officially co-opted prominent businessman Kudakwashe Tagwirei into the ruling party's Central Committee, citing his strategic business acumen and long-standin...Published: 31 Mar 2025 at 16:40hrs | 1962 | by Staff reporter
Zimbabwe asset management landscape shifting
The asset management landscape in Zimbabwe is undergoing a significant transformation, with notable shifts in the allocation of funds under management (FUM), signaling a more cautious and strategic ap...Published: 15 Mar 2025 at 12:01hrs | 319 | by Staff reporter
17 countries, 24 foreign exhibitors for ZITF
TWENTY-FOUR international exhibitors from 17 countries have confirmed their participation in this year's 65th edition of the Zimbabwe International Trade Fair (ZITF), scheduled for next month....Published: 14 Mar 2025 at 06:47hrs | 158 | by Staff reporter
Bulawayo hotels, lodges already fully booked ahead of ZITF 2025
The 65th edition of the Zimbabwe International Trade Fair (ZITF) is fast approaching, and major hotels and lodges in Bulawayo are already fully booked as preparations for the highly anticipated event ...Published: 09 Mar 2025 at 13:16hrs | 7154 | by Staff reporter
Mohadi assures Government support for Old Gwanda Road project
The Government has reaffirmed its commitment to supporting the construction of the Old Gwanda Road, a major infrastructure project aimed at boosting rural industrialisation and fostering economic grow...Published: 01 Mar 2025 at 09:04hrs | 382 | by Staff reporter
Tendai Biti warns Zimbabwe is on the edge
Former Finance Minister Tendai Biti has painted a stark picture of Zimbabwe's current political and economic landscape, describing the country as being on the precipice of disaster. In an interview wi...Published: 23 Feb 2025 at 09:54hrs | 1977 | by Staff reporter
Simba Makoni's death rumors denied by close friend
Reports circulating on social media claiming that former Finance Minister Simba Makoni has passed away are false, according to his close friend Dr. Ibbo Mandaza. The rumors had suggested that the 74-y...Published: 10 Feb 2025 at 07:48hrs | 5020 | by Staff reporter
ZITF to run for 6 days
The Zimbabwe International Trade Fair (ZITF) Company has announced an extension of its 2025 trade showcase from five to six days, a move aimed at creating more opportunities for business interactions,...Published: 09 Feb 2025 at 11:26hrs | 357 | by Staff reporter
The futility of Zimbabwe's crackdown on the informal sector
The Zimbabwean government has once again embarked on a futile mission to regulate the informal sector, a behemoth that has long outgrown the state's capacity to control it.In a desperate bid t...Published: 01 Feb 2025 at 21:32hrs | 1071 | by Tendai Ruben Mbofana
Time ticking out for Mnangagwa
2025 is going to be a very busy year in Zimbabwe politically, socially, and economically.There are really fundamental concerns that are gaining centre stage in the political sector, to be spec...Published: 31 Jan 2025 at 16:08hrs | 2188 | by Leonard Koni
Buses hike fares
Zimbabweans gearing up for festive holiday travel were left frustrated yesterday as transport operators hiked fares by over 50%, exploiting the surge in demand. This comes against the backdrop of a st...Published: 24 Dec 2024 at 12:32hrs | 1670 | by Staff reporter
Mthuli Ncube's 2025 Budget to increase cost of doing business
Leading retailer OK Zimbabwe has expressed concern that the 2025 National Budget, as outlined by Finance Minister Prof Mthuli Ncube, will increase business costs, further exacerbating an already chall...Published: 20 Dec 2024 at 11:12hrs | 581 | by Staff reporter
Mnangagwa chairs final Cabinet Meeting of 2024
President Emmerson Mnangagwa today presided over the 41st and final Cabinet meeting of 2024 at State House, reflecting on a year marked by significant milestones and setting the tone for the year ahea...Published: 17 Dec 2024 at 10:13hrs | 368 | by Staff reporter
Black South Africans urged not to reconcile with poverty
The uMkhonto weSizwe Party (MK Party) has issued a scathing denunciation of South Africa's Day of Reconciliation, describing it as a deceptive attempt by the ruling elite to obscure the historical and...Published: 17 Dec 2024 at 05:00hrs | 277 | by Staff reporter
Load More Stories