Search / Economic
Mt Darwin's multimillion dollar tourist resort takes shape
Land developer MCM Estates has broken ground on a massive 100-hectare multi-million-dollar tourism development project in the scenic Chesa area of Mt Darwin, a venture expected to transform the Mashon...Published: 1 hr ago | 27 | by Staff reporter
Chahwanda Stadium to redefine Zimbabwe's football infrastructure
Rising on the outskirts of the small mining town of Kwekwe, the under-construction Chahwanda Stadium is poised to become Zimbabwe's most ambitious football facility yet - an architectural first that c...Published: 1 hr ago | 27 | by Staff reporter
Beitbridge highway robbery gang arrested
Police in Beitbridge have arrested four men in connection with a series of violent highway robberies that targeted motorists along a detour on the Beitbridge - Gwanda Road, bringing to an end months o...Published: 1 hr ago | 77 | by Staff reporter
Zera reviews ZiG fuel prices downwards
The Zimbabwe Energy Regulatory Authority (ZERA) has announced a downward revision of fuel prices in local currency, effective from August 8 until September 4, 2025. The move follows the authority's ro...Published: 1 hr ago | 50 | by Staff reporter
RBZ's to unlock over US$1 billion in remittances
In a bold move to revive Zimbabwe's struggling economy, the Reserve Bank of Zimbabwe (RBZ) has announced a plan to securitize diaspora remittances, aiming to transform predictable inflows into investa...Published: 2 hrs ago | 86 | by Staff reporter
Lesetja Kganyago has intentionally destroyed black businesses
In a blistering and unfiltered critique, Khandani Msibi, Group CEO of NUMSA Investment Company and 3Sixty Global Solutions Group, has accused South African financial regulators of systematically targe...Published: 4 hrs ago | 226 | by Staff reporter
Zimbabwe repays US$176 million in external debt
The Zimbabwean government has made notable progress in repaying its external debt, with a total of US$176.28 million paid during the first six months of 2025, according to data released by the Ministr...Published: 8 hrs ago | 191 | by Staff reporter
Costs push out horticulture farmers in Zimbabwe
The Horticulture Development Council (HDC) has expressed deep concern over escalating production costs in Zimbabwe's horticulture sector, warning that the trend is driving some farmers to consider rel...Published: 8 hrs ago | 106 | by Staff reporter
ACZ route development initiatives bearing fruit
The inaugural flight took off from Joshua Mqabuko Nkomo International Airport and landed in Victoria Falls aboard an Embraer ERJ aircraft, officially opening a direct air link between Zimbabwe's indus...Published: 10 hrs ago | 77 | by Staff reporter
UK agrees to return remains of Nehanda, Kaguvi
British authorities have granted Zimbabwe permission to repatriate the remains of First Umvukela war heroes, taken to Europe during the colonial era as war trophies. The decision marks a significant s...Published: 10 hrs ago | 401 | by Staff reporter
Ex-ZIPRA commander raises alarm over mysterious deaths
As Zimbabwe prepares to mark Heroes Day on August 11, a former ZIPRA commander has raised the alarm over what he describes as a disturbing and unexplained pattern of deaths among veterans of the count...Published: 10 hrs ago | 349 | by Staff reporter
Zimbabwe needs US$10 billion to fix power crisis
Zimbabwe will require up to US$10 billion in energy sector investment over the next decade to meet rising electricity demand and address chronic power shortages, according to a new report by Veritas, ...Published: 10 hrs ago | 77 | by Staff reporter
Bulawayo industrial decay raises alarm
Once a proud hub of Zimbabwe's industrial might, Bulawayo now stands as a hollow shell of its former self. The city's industrial parks, once teeming with workers and humming with production, are large...Published: 10 hrs ago | 84 | by Staff reporter
Chiefs raise red flags over Presidential fish projects
Traditional leaders in Binga, Matabeleland North, have raised alarm over steep licensing fees, limited market access, and cross-border challenges that they say are threatening the long-term viability ...Published: 10 hrs ago | 56 | by Staff reporter
Marondera council in shady land grab
A prime 468-hectare farm on the outskirts of Marondera has become the center of a bitter dispute after top municipal officials allegedly seized the property without following due process, armed with a...Published: 10 hrs ago | 46 | by Staff reporter
0 pass rate teachers to be fired
A recent threat by the Ministry of Primary and Secondary Education to dismiss teachers in Matabeleland South's Bulilima district for recording zero pass rates over the past five years has reignited co...Published: 10 hrs ago | 84 | by Staff reporter
NetOne posts record growth
State-owned mobile network operator NetOne has delivered a historic performance, posting record revenue and profit growth while aggressively expanding its high-speed 4G and 5G networks in a bold push ...Published: 09 Aug 2025 at 16:52hrs | 175 | by Staff reporter
Mnangagwa delivers cyclone relief to Mozambique
President Emmerson Mnangagwa arrived in the central Mozambican city of Chimoio on Saturday to hand over a consignment of humanitarian aid to communities affected by Cyclone Chido, which struck the reg...Published: 09 Aug 2025 at 16:49hrs | 272 | by Staff reporter
How Britain plans to keep Zimbabwe poor
After decades of isolation, Britain has returned to Zimbabwe - not with apologies, but with a billion-dollar shopping list and a polished script about "mutual benefit." At the centre of the conversati...Published: 09 Aug 2025 at 14:25hrs | 556 | by Sizwe SikaMusi
RBZ cracks down on ZiG rejection
The Reserve Bank of Zimbabwe (RBZ) has issued a strong warning to businesses and service providers who are refusing to accept the Zimbabwe Gold (ZiG) currency, with central bank governor Dr John Musha...Published: 09 Aug 2025 at 13:28hrs | 294 | by Staff reporter
Zimbabwe's forex receipts surge to US$7.3 billion
Zimbabwe recorded a significant boost in foreign currency receipts, raking in US$7.3 billion during the first half of 2025, according to the Reserve Bank of Zimbabwe’s (RBZ) latest Monetary Policy S...Published: 09 Aug 2025 at 10:01hrs | 131 | by Staff reporter
Honey processing project rakes in US$20 000
A rural beekeeping initiative in Buhera is making waves in Zimbabwe’s agro-processing sector, with the Chapanduka Honey Processing Association generating over US$20,000 in revenue over the past year...Published: 09 Aug 2025 at 09:59hrs | 324 | by Staff reporter
Harare accounts for most accidents in Zimbabwe
Harare Metropolitan Province accounted for more than half of the road traffic accidents recorded across Zimbabwe in 2024, according to the latest Extreme Events and Disasters Report released this week...Published: 09 Aug 2025 at 09:50hrs | 104 | by Staff reporter
MPs raise alarm over fake news threat
Members of Parliament have sounded the alarm over the growing threat of fake news, warning that the rapid spread of misinformation is undermining public policy, distorting democratic processes, and fu...Published: 09 Aug 2025 at 09:49hrs | 221 | by Staff reporter
Bulawayo launches blitz on pushcart operators
In a bold move to restore order in the city centre and clamp down on illicit activities, Bulawayo City Council (BCC) yesterday launched a sweeping operation targeting pushcart operators and street ven...Published: 09 Aug 2025 at 09:48hrs | 130 | by Staff reporter
Zimbabwe to unveil housing scheme for war collaborators
A comprehensive housing scheme for war collaborators is set to be rolled out as part of a broader Government empowerment strategy aimed at fulfilling constitutional provisions pending the official gaz...Published: 09 Aug 2025 at 09:45hrs | 88 | by Staff reporter
Dr Mncwango appointed as new secretary general
Jacob Zuma led uMkhonto weSizwe (MK) Party has appointed Dr Bongani Mncwango, a former executive at insurance giant Sanlam, as its new secretary-general, replacing Floyd Shivambu.The party als...Published: 08 Aug 2025 at 19:43hrs | 458 | by Staff reporter
Mutare hotels fully booked ahead of Hlanganani expo
Mutare's hotels and lodges are already fully booked ahead of the Sanganai/Hlanganani World Tourism Expo, set for September 10–12, forcing many visitors to search for alternative accommodation....Published: 08 Aug 2025 at 17:34hrs | 140 | by Staff reporter
Auxillia Mnangagwa's rehab centre overwhelmed
The drug and substance abuse rehabilitation centre established by First Lady Auxillia Mnangagwa in Mbare is struggling to cope with demand, with hundreds of addicts on a waiting list seeking help, hig...Published: 08 Aug 2025 at 13:04hrs | 428 | by Staff reporter
'ZiG outperforms regional peers'
The Reserve Bank of Zimbabwe (RBZ) has lauded the Zimbabwe Gold (ZiG) currency for its sustained stability and strong performance compared to several regional currencies within the Southern African De...Published: 08 Aug 2025 at 13:02hrs | 258 | by Staff reporter
RBZ crackdown on money laundering
Following an intensive investigation into smuggling, money laundering, and financial externalisation, Zimbabwean authorities have launched a crackdown targeting several businesspeople and companies im...Published: 08 Aug 2025 at 09:15hrs | 557 | by Staff reporter
Zimbabweans pledge property for loans
Zimbabweans are increasingly pledging household items such as beds, fridges, and other personal property as collateral to secure small loans from financial institutions, highlighting the dire state of...Published: 08 Aug 2025 at 09:03hrs | 425 | by Staff reporter
RBZ upholds tight monetary policy to protect ZWG
The Reserve Bank of Zimbabwe (RBZ) on Thursday reaffirmed its tight monetary policy stance as a key strategy to conserve the local currency, despite mounting pressure from industry players to ease bor...Published: 08 Aug 2025 at 08:59hrs | 157 | by Staff reporter
UK resets ties with Zimbabwe in push for critical minerals
Zimbabwe and the UK are rekindling diplomatic ties after almost three decades of tension, driven by a global surge in demand for critical minerals that's led the former colonial power to pursue $1 bil...Published: 08 Aug 2025 at 08:58hrs | 790 | by Staff reporter
Zimbabwe's BMA in fresh drive to ditch sugar tax
The Beverage Makers Association (BMA) has renewed calls for the complete removal of Zimbabwe's Sugar Tax, warning that the levy threatens jobs, reduces formal manufacturers' tax contributions, and ero...Published: 08 Aug 2025 at 08:42hrs | 173 | by Staff reporter
Zimbabwe banking sector profits drop
Zimbabwe's banking sector has reported a steep drop in earnings for the first half of 2025, with aggregate profits plunging to ZiG5,0 billion (US$184,07 million) from ZiG10,4 billion (US$760,37 millio...Published: 08 Aug 2025 at 08:30hrs | 133 | by Staff reporter
Mnangagwa meets former US envoy Simbi Mubako
President Mnangagwa yesterday held back-to-back engagements at State House, first meeting academic and Zimbabwe's former Ambassador to the United States, Professor Simbi Mubako, before hosting Apostle...Published: 08 Aug 2025 at 08:24hrs | 201 | by Staff reporter
Bulawayo-Vic-Falls Road rehab to take 10 months
The rehabilitation of the Bulawayo-Victoria Falls Road is gaining significant momentum, with five contractors now actively working on different segments of the critical trade and tourism corridor. The...Published: 07 Aug 2025 at 20:15hrs | 1023 | by Staff reporter
Zanu-PF warns affiliate organisations
Zanu-PF has issued a stern warning to its affiliate organisations, urging them to focus on mobilising new members for the party and refrain from causing divisions within its structures. The warning wa...Published: 07 Aug 2025 at 17:43hrs | 454 | by Staff reporter
POSB launches solar, Starlink loan scheme for schools
The People's Own Savings Bank (POSB) has launched an ambitious solar and Starlink internet loan scheme targeted at Zimbabwe's schools, marking a rare example of a local bank offering accessible, impac...Published: 07 Aug 2025 at 17:25hrs | 325 | by Staff reporter
Zimbabwe races to implement IMF-backed reforms
Zimbabwe is racing to implement wide-ranging fiscal and monetary reforms agreed with the International Monetary Fund (IMF), as the country seeks to exit its long-standing debt crisis, rebuild trust wi...Published: 07 Aug 2025 at 17:16hrs | 446 | by Staff reporter
Zimbabwe scales up crocodile exports
The Government of Zimbabwe has stepped up efforts to scale up crocodile farming and exports, focusing on Binga District as a key node in its agro-wildlife economy. The move comes amid growing global d...Published: 07 Aug 2025 at 17:14hrs | 250 | by Staff reporter
Zimbabwe's tobacco marketing season ends
The 2025 tobacco marketing season officially came to a close yesterday, marking a historic milestone for Zimbabwe's agricultural sector as the country posted record-breaking output and earnings. While...Published: 07 Aug 2025 at 17:12hrs | 140 | by Staff reporter
Kemi Badenoch is bad enough: Thanks to Socialist East Germany: GDR!
I was about 22 years old when I landed in East Germany on scholarship to study metallurgy. To put everything into context, I was facilitated with a Zapu PF scholarship to study in East Germany, a soci...Published: 07 Aug 2025 at 17:10hrs | 346 | by Nomazulu Thata
The Power of Mental Transformation: Unlocking Africa's Potential
Mental transformation is the key to unlocking Africa's potential and achieving success in various aspects of life. The mind is a powerful tool that can either limit or empower individuals, communities...Published: 07 Aug 2025 at 16:23hrs | 37 | by Tatenda Hwari
Chinese firm sues Zimbabwe police boss
A Chinese-owned mining firm, Jiayuan Investments, has taken Zimbabwe Republic Police (ZRP) Commissioner-General Shepherd Mutamba to court for contempt, accusing him of defying a High Court order to re...Published: 07 Aug 2025 at 14:27hrs | 410 | by Staff reporter
Mnangagwa ally disburses nearly US$200K to Zanu-PF affiliates
Special Advisor to the President, Dr Paul Tungwarara, has disbursed nearly US$200,000 from the Presidential Revolving Fund to eight Zanu-PF-affiliated groups in Masvingo Province, urging beneficiaries...Published: 07 Aug 2025 at 13:33hrs | 423 | by Staff reporter
Zimbabwe, China seal US$55m technical cooperation agreement
President Emmerson Mnangagwa on Wednesday presided over the signing of a US$55 million Economic and Technical Cooperation Agreement between Zimbabwe and China, in a move set to boost the country's dev...Published: 07 Aug 2025 at 09:22hrs | 114 | by Staff reporter
Court reinstates ex-Lobels bread foreman
The Labour Court has ordered the reinstatement of Christopher Rufaro Mashaire, a former Electrical Foreman at Lobels Bread, with full salary, benefits, and back pay after ruling that his 2021 dismissa...Published: 07 Aug 2025 at 09:16hrs | 433 | by Staff reporter
Zida launches eRegulations portal
The Zimbabwe Investment Development Agency (Zida) has launched a new digital platform, the eRegulations portal, aimed at reducing bureaucratic red tape and enhancing the quality and ease of doing busi...Published: 07 Aug 2025 at 09:12hrs | 40 | by Staff reporter
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