Bulawayo24 News - Skyes! "it makes perfect sense"

Victoria Falls to host high-stakes conference

The Corporate Governance and Accounting Institute of Zimbabwe (CGAIZ) will hold its highly anticipated annual conference next week in Victoria Falls, bringing together thought leaders, policymakers, and industry professionals from Septembe…

Published: 13 Sep 2025 at 13:50hrs | | by Staff reporter

Zimbabwe's informal economy a risk to anti-money laundering drive

Zimbabwe's high levels of informal economic activity remain a significant obstacle in the country's fight against money laundering, officials have warned. The informal sector, estimated to account for 64.1% of the economy, relies heavily o…

Published: 13 Sep 2025 at 13:46hrs | | by Staff reporter

Zimbabwe's real problem isn't tinted windows

Only in Zimbabwe can a government decree be born in the morning and die by sundown. On Tuesday, Presidential Affairs secretary Tafadzwa Muguti thundered against tinted windows, ordering citizens to strip them off or risk having police smas…

Published: 04 Sep 2025 at 07:42hrs | 320 | by Staff reporter

Cash dependency threatens Zimbabwe's digital economy goals

Banking experts have warned that Zimbabwe's heavy reliance on cash is undermining the country's push towards a digital economy, despite widespread mobile penetration and modern payment infrastructure.Speaking at the inaugural ZimSwitch Dig…

Published: 04 Sep 2025 at 07:41hrs | 63 | by Staff reporter

AfDB projects 6% economic growth for Zimbabwe

The African Development Bank (AfDB) has projected that Zimbabwe is on track to achieve a six percent economic growth rate this year, supported by stability and recovery across key productive sectors.AfDB Principal Country Economist Kelvin …

Published: 19 Aug 2025 at 18:51hrs | | by Staff reporter

Zimbabwe slides into a spaza nation

Zimbabwe's commercial landscape is undergoing a profound transformation - and not for the better. Across major cities, once-thriving formal businesses have either shuttered or drastically downsized, their spacious premises now partitioned …

Published: 01 Aug 2025 at 13:17hrs | 817 | by Staff reporter

Mthuli Ncube admits economy chaos

The government has admitted that companies in Zimbabwe often make more money operating outside the law than when complying with regulations, in a rare acknowledgement of a system that punishes honesty and rewards evasion. The disclosure co…

Published: 01 Aug 2025 at 09:12hrs | 632 | by Staff reporter

Zimbabwe govt risks losing millions in undelivered goods

The Zimbabwean government faces the risk of losing millions of dollars after revelations that several ministries, departments, and agencies (MDAs) have yet to receive vehicles and other assets paid for as far back as 2021, according to the…

Published: 29 Jul 2025 at 09:04hrs | 661 | by Staff reporter

Zimbabwe's GDP declines 1.73%

Zimbabwe's Gross Domestic Product (GDP) contracted by 1.73% to ZWG17.6 billion in the first quarter of 2025, down from ZWG17.9 billion recorded in the fourth quarter of 2024, the Zimbabwe National Statistics Agency (ZimStat) announced yest…

Published: 29 Jul 2025 at 09:01hrs | 217 | by Staff reporter

Mutapa, RBZ push for economic transformation

The Mutapa Investment Fund and the Reserve Bank of Zimbabwe (RBZ) have pledged to play pivotal roles in driving economic transformation and ensuring financial stability as the nation accelerates efforts to achieve its Vision 2030 goal of b…

Published: 28 Jul 2025 at 14:18hrs | 206 | by Staff reporter

Zimbabwe's formal economy tanks

Zimbabwe's economy has become overwhelmingly informal, with the latest figures from the Zimbabwe National Statistics Agency (ZimStat) revealing that 76% of business operations in the country are now informal. This represents a sharp increa…

Published: 24 Jul 2025 at 16:09hrs | 596 | by Staff reporter

Only leadership change can save Zimbabwe's economy

FREEZIM Congress party leader Joseph Makamba Busha has said Zimbabwe's deepening economic woes can only be resolved through a complete change of government leadership, accusing the ruling Zanu-PF party of entrenching corruption and mismana…

Published: 19 Jul 2025 at 10:00hrs | 487 | by Staff reporter

Zimbabwe now 5th largest economy in Sadc

Zimbabwe has become the fifth-largest economy in Southern Africa following a major upward revision of its Gross Domestic Product (GDP), reflecting the inclusion of previously unrecorded economic activitiesâ€”particularly those in the infor…

Published: 10 Jul 2025 at 08:58hrs | | by Staff reporter

Tax evasion bleeds Zimbabwe economy

Humanitarian organisation ActionAid Zimbabwe has expressed deep concern over the rampant levels of tax evasion in the country, warning that this undermines the pool of funds available for national development and public services.Transparen…

Published: 21 Jun 2025 at 09:44hrs | 90 | by Staff reporter

Zimbabwe finalising first-ever economic census

Zimbabwe is in the final stages of completing its first-ever economic census, which will for the first time incorporate detailed data on the informal sector, Deputy Minister of Finance, Economic Development and Investment Promotion, Kudakw…

Published: 28 May 2025 at 11:04hrs | 200 | by Staff reporter

Delta highlights Zimbabwe's economic

Delta Corporation, Zimbabwe's leading brewer and soft drinks manufacturer, has painted a stark picture of the nation's economy, highlighting its persistent fragility despite signs of resilience in consumer spending.This comes amid intensif…

Published: 16 May 2025 at 15:03hrs | 675 | 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 prosecuted over 700 shops for tax evasion,…

Published: 16 May 2025 at 10:41hrs | 411 | by `

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 and promote sustainable development.This…

Published: 15 May 2025 at 09:06hrs | | by Staff reporter

Zimbabweans rush into property

Zimbabweans are snapping up properties as a safe-haven against currency uncertainty and the frequent economic policy U-turns that have scared off investors, at a time when a popular hedge - the country's stock market - is underperforming.T…

Published: 11 May 2025 at 16:38hrs | 1692 | by Staff reporter

IMF, World Bank urged to back Zimbabwe economic recovery efforts

Former Mozambican President Dr Joaquim Chissano and African Development Bank (AfDB) President Dr Akinwumi Adesina have called on the International Monetary Fund (IMF) and the World Bank to support Zimbabwe's economic recovery efforts, emph…

Published: 23 Apr 2025 at 08:29hrs | 146 | by Staff reporter

CABS renews US$40m facility to support the Zimbabwe economy

The Central Africa Building Society (CABS), a member of Old Mutual Zimbabwe, has reaffirmed its commitment to driving economic development and social impact across Zimbabwe, following the release of its financial results for the year ended…

Published: 21 Apr 2025 at 09:03hrs | 282 | by Staff reporter

If Zimbabweans want real change, it's time to pray for new leaders

Zimbabweans now need to break the cycle of oppression and suffering.Over 80% of the population of Zimbabwe lives in poverty, according to the World Bank. This is not just a statistic; it's a stark reality that is felt by every family, ever…

Published: 01 Apr 2025 at 17:15hrs | | by Tendai Ruben Mbofana

Zimbabwe among Africa's fastest-growing economies in 2025

Zimbabwe is expected to be one of Africa's fastest-growing economies this year, with the African Development Bank (AfDB) forecasting a 5.3 percent growth rate.This strong projection is slightly below the 6 percent estimated by Finance, Eco…

Published: 26 Feb 2025 at 07:42hrs | 381 | by Staff reporter

Mukuru advocates for cashless economy

The logistics of handling cash in Zimbabwe present significant obstacles, but Doug Tait-Knight, the Chief Executive Officer of Mukuru Zimbabwe Financial Services, believes that embracing digital payments is essential for a more efficient a…

Published: 09 Feb 2025 at 11:30hrs | 1440 | by Staff reporter

Shunned by the West, Zimbabwe's UAE gamble hands economy a lifeline

Zimbabwean President Emmerson Mnangagwa's six years of wooing the United Arab Emirates has given a lifeline to a nation that the West has ostracised for a quarter century and is unable to repay its loans to China.The wealthy Gulf state has…

Published: 06 Feb 2025 at 09:12hrs | 1324 | by Staff reporter

22,000 signatures for govt to invest in education sector

More than 22,000 people have signed a petition calling for the Zimbabwean government to invest more in the education sector, following a nationwide advocacy campaign led by the Amalgamated Rural Teachers Union of Zimbabwe (Artuz). The peti…

Published: 30 Jan 2025 at 07:02hrs | 215 | by Staff reporter

ICT Minister in alleged provocation at Heroes Acre

ICT, Postal and Courier Services Minister Tatenda Mavetera is facing mounting criticism and backlash after leading a controversial song at the burial of Justin Mupamhanga at Heroes Acre on Monday, which many perceived as a veiled attack on…

Published: 29 Jan 2025 at 08:50hrs | 603 | by Staff reporter

Zimbabwe economy implodes

Analysts and opposition political parties have raised alarm over a surge in job losses as companies downsize or shut down due to the prevailing tough economic environment in Zimbabwe. The formal retail sector has been particularly hard-hit…

Published: 29 Jan 2025 at 08:49hrs | 1361 | by Staff reporter

Will Zimbabweans finally stand up against oppression or continue trapped by fear?

Zimbabwe is at a crossroads! From various segments of Zimbabwean society - including social justice advocates like myself, opposition groups, and pro-democracy activists - there has been relentless and unequivocal opposition to the propose…

Published: 22 Jan 2025 at 10:20hrs | | by Tendai Ruben Mbofana

Abort this 2030 agenda

Mnangagwa is attempting to mask his intentions to extend his time in office. Deep down, he wishes to extend his tenure, but he is unable to express this publicly and prefers to seem to obey the Constitution by employing parallel organisati…

Published: 22 Jan 2025 at 10:17hrs | 1004 | by Leonard Koni

'Zimbabwe economy heads for a bloodbath'

Former Finance Minister Tendai Biti has issued a stark warning of a potential economic bloodbath if Zimbabwe does not liberalize its exchange rate and inject liquidity into the economy. His concerns come amid persistent liquidity shortages…

Published: 14 Jan 2025 at 14:16hrs | 922 | by Staff reporter

Zimbabwe Banking on Gold to Drive Economic Growth and Foreign Currency Inflows

Zimbabwe's gold sector is on track to significantly boost the country's economy, with output projected to reach 40 tonnes this year. This growth is attributed to substantial investments, a stable operating environment, and increased mining…

Published: 07 Jan 2025 at 18:19hrs | 855 | by Ndou Paul

Is Zimbabwe on the brink of collapse?

Zimbabwe is standing at a dangerous crossroads as the nation endures an escalating energy crisis that threatens its economy, livelihoods, and future prospects. The recent wave of prolonged power outages and repeated national blackouts has …

Published: 18 Dec 2024 at 13:05hrs | 2026 | by Tendai Ruben Mbofana

Ramaphosa's economy shrinks 0.3%

The South African economy unexpectedly contracted by 0.3% from the second to the third quarter this year.Economists polled by Reuters expected growth of 0.5%.In the third quarter, the economy was only 0.3% larger than a year before.The mai…

Published: 03 Dec 2024 at 15:39hrs | 311 | by Staff reporter

Cement imports threaten Zimbabwe's economy, warns PPC Zimbabwe

Zimbabwe risks losing approximately US$50 million annually in foreign currency if cement imports continue to flood the market, warns leading cement manufacturer Pretoria Portland Cement (PPC) Zimbabwe.Despite sufficient local production ca…

Published: 02 Dec 2024 at 18:57hrs | 1265 | by Staff reporter

Whites want South Africa's township economy

South Africa has had Spaza shops controlled by foreigners for the better part of 30 years, and we never had food poisoning. But all of a sudden, now that white foreigners are building malls in the townships and ShopRite and Pick n Pay want…

Published: 14 Nov 2024 at 15:16hrs | 924 | by Rutendo Matinyarare

Afreximbank to inject US$1bn into Zimbabwe economy

The African Export-Import Bank (Afreximbank) has announced a substantial financial commitment of US$1 billion to support Zimbabwe's economic growth, with funds allocated to various sectors in both the public and private spheres. This commi…

Published: 14 Nov 2024 at 09:21hrs | 200 | by Staff reporter

'Trump Presidency to hurt Zimbabwe's trade, investments'

Zimbabwe's trade and investment prospects could face significant challenges following United States President-elect Donald Trump's proposed tariff policies, according to an analysis by FBC Securities.Trump, who recently made a political co…

Published: 11 Nov 2024 at 07:13hrs | 2309 | by Staff reporter

Zimbabwe economic saboteurs go after Finance ministry?

Despite the significant strides made by Zimbabwe's Second Republic in reviving the economy and spearheading widespread infrastructural development, detractors continue to work hard to discredit these achievements. Their attempts to undermi…

Published: 13 Sep 2024 at 08:01hrs | 659 | by Staff reporter

'Zimbabwe economic growth unstoppable,' claims Mnangagwa

President Mnangagwa, in his address at the 44th Heroes Day commemorations at the National Heroesâ€™ Acre, emphasized Zimbabwe's unstoppable economic growth, driven by the sacrifices of the nation's liberation fighters. Despite facing neo-c…

Published: 13 Aug 2024 at 17:12hrs | 222 | by Staff reporter

Zimbabwe to conduct inaugural Economic Census

Zimbabwe has initiated preparations for its first-ever Economic Census to assess the economy's size and structure. The census will run from January 2025 to the first quarter of 2026 and will include both formal and informal businesses.Duri…

Published: 23 Jul 2024 at 07:28hrs | 330 | by Staff reporter

Zimbabwe rated Africa's most expensive economy

Zimbabwe was recently identified as Africa's most expensive country according to a comprehensive study by the African Development Bank (AfDB). The study assessed power purchasing parities (PPPs) and exchange rates across African nations.Zi…

Published: 15 Jun 2024 at 11:13hrs | | by Staff reporter

It never rains but, it pours for Zimbabwe's economy

For over ten years, Zimbabwe has struggled with its currency. Since 2008, this is the nation&#39;s sixth attempt to introduce a new one, the ZiG.Zimbabwe's central bank introduced the Zimbabwe Gold, a new currency, in April 2024 as par…

Published: 18 May 2024 at 10:58hrs | 99 | by Dickson Chikwizo

Mnangagwa commits to free market economy

President Mnangagwa has pledged his Government's commitment to a complete free market economy, arguing there is no justification to put the burden of price determination on the Government.In response to questions about recent price hikes r…

Published: 11 Apr 2024 at 08:36hrs | 2 | by Staff reporter

Is an underwear a leading economic indicator?

I was unfamiliar with the Men's Underwear Index - the MUI - until I heard it discussed this week on National Public Radio. Perhaps on the Marketplace Morning Report on WAMC. Or some similarly unassailable repository of economic news and an…

Published: 07 Apr 2024 at 13:42hrs | 7 | by Ralph Gardner Jr.

Mthuli must resign

Two weeks ago we saw the exchange rate going berserk as the Zimbabwe's economy nose dives. The saying goes- one can rig the election but one cannot rig the economy.Zimbabwe really needs a clean start. Most sectors of the economy have been …

Published: 22 Jan 2024 at 22:26hrs | 3 | by Leonard Koni

Mnangagwa hopeful Zimbabwe economy will turn around in 2024

President Emmerson Mnangagwa has predicted Zimbabwe's moribund economy will turn around this year following the recent discovery of oil and gas near the country's border with Mozambique and Zambia and improvement in the country's mining an…

Published: 03 Jan 2024 at 05:31hrs | 17 | by Staff reporter

The Complex Dynamics of ZANU-PF Support in Zimbabwe: Exploring Economic Factors and Historical Context

The political landscape in Zimbabwe has been shaped by a myriad of factors, with the Zimbabwe African National Union-Patriotic Front (ZANU-PF) emerging as a dominant political force. Despite a mix of controversies, ZANU-PF's consistent ele…

Published: 22 Aug 2023 at 22:19hrs | 34 | by Tshingwane Sibanda

Remittances anchor Zimbabwean economy

THE World Bank recently released global diaspora remittance statistics, which show that expatriates from low and middle-income countries sent over US$647 billion to their home countries in 2022.This increase is remarkable, given the fact t…

Published: 07 Jul 2023 at 07:52hrs | 16 | by Victor Bhoroma

Why Mnangagwa failed to improve Zim's economic prospects

IT is now more than five years since President Emmerson Mnangagwa assumed power with a mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, Robert Gabriel Mugabe. The reality on the ground, h…

Published: 29 Jun 2023 at 06:29hrs | 17 | by Martin Majaji

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Police destroys illegal drugs baggage at Sally Mugabe Hospital

Zim's Mining Sector Undergoes Transformation with ESG Standards: Chitando

NetOne in fresh internal corruption allegations

Chicken thief cheats death after brutal assault by cousins

Chinese cement firm director jailed in Zimbabwe

Zimbabwe being run by corrupt cartels

Zimbabwe tobacco farmers earn record US$1 billion

Discredited IMF says ZiG stability artificial

Harare gets flak over maintenance neglect

Habitual thief targets Zimbabwe govt offices

Zambia targets fishing rigs on Lake Kariba

New Medical Bill set for scrutiny

Innovation hubs spark Zimbabwe rural transformation

85% of small-scale gold miners not registered

Judge raises alarm over makorokoza violence

Beitbridge starts working on new CBD project

Investors cash in big on Zimbabwe gold coins

Vumbunu sister in court over US$36 000 robbery

Bulawayo health time bomb looms

Zanu-PF begins delegate accreditation

ZANU PF members set to adopt resolution advancing Vision 2030

'To say Mnangagwa must go is a travesty against a good man'

Former ZANU PF legislator warns those plotting against General Chiwenga

Varakashi4ED hails purported progress in Bulawayo-Vic Falls road works

Activist Calls for Mnangagwa Statue in Harare CBD

Murambinda Residents Lament Delayed Implementation of Irrigation Schemes

War Vets Bemoan Neglect by ZANU-PF, Mnangagwa

Minister Ncube Commissions Mining Equipment in Midlands

Cops arrested for demanding bribe from Pakistan national

'Mnangagwa's term can be extended without a referendum'

Former ZANU PF legislator warns those plotting against General Chiwenga

'Mnangagwa's term can be extended without a referendum'

Zimbabwe being run by corrupt cartels

'To say Mnangagwa must go is a travesty against a good man'

Cops arrested for demanding bribe from Pakistan national

Sapatina, Sapatina' Madzibaba gifted with Toyota Fortuner by Chivhayo

Botswana stops importing power from Zimbabwe

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