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IMF sees signs of recovery in Zimbabwe
Zimbabwe is showing early signs of economic recovery and macroeconomic stabilization, buoyed by recent policy reforms and improved fiscal management, according to the International Monetary Fund (IMF)...Published: 24 Jul 2025 at 16:53hrs | 708 | 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 i...Published: 24 Jul 2025 at 16:09hrs | 534 | by Staff reporter
Bulawayo ramps up its anti-corruption efforts
The City of Bulawayo has ramped up its anti-corruption efforts by upgrading its internal audit unit into a full-fledged department, aimed at enhancing fraud detection, accountability, and good governa...Published: 24 Jul 2025 at 14:42hrs | 357 | by Staff reporter
Zimbabwe SMEs crushed by annual compliance fees
Small and medium enterprises (SMEs) in Zimbabwe are buckling under the weight of steep compliance costs - some as high as US$10,000 annually - raising alarm over a regulatory environment that is drivi...Published: 24 Jul 2025 at 14:34hrs | 128 | by Staff reporter
ZimStat confirms dominance of Zimbabwe's huge informal sector
The Zimbabwean economy is overwhelmingly dominated by informal micro-businesses, according to a preliminary report of the 2023 Economic Census released yesterday by the Zimbabwe National Statistics Ag...Published: 24 Jul 2025 at 09:32hrs | 123 | by Staff reporter
Stanbic Bank Beyond Borders: Empowering Zimbabwean Businesses for Regional Integration
Stanbic Bank Zimbabwe recently held a business breakfast - Beyond Borders Breakfast – which marked a defining moment for Zimbabwean enterprises eyeing regional and international expansion.Th...Published: 19 Jul 2025 at 09:38hrs | 211 | by Agencies
Council ropes in Mnangagwa
Amid escalating losses and allegations of deep-rooted corruption, Harare City Council has turned to President Emmerson Mnangagwa's office to intervene in the stalled acquisition of a critical Enterpri...Published: 17 Jul 2025 at 21:01hrs | 683 | by Staff reporter
Mutapa, Jindal Steel seal US$455m deal
The Mutapa Investment Fund (MIF) has finalized a $455 million concession agreement with Indian conglomerate Jindal Steel and Power Company for the rehabilitation of Units 1 to 6 at Hwange Therma...Published: 17 Jul 2025 at 20:58hrs | 622 | by Staff reporter
Chimombe applies for discharge in US$7m goat scandal
Zanu PF Central Committee member and businessman Mike Chimombe, along with his co-accused Moses Mpofu, have applied for discharge at the close of the State's case in their ongoing US$7 million fraud t...Published: 15 Jul 2025 at 08:26hrs | 359 | by Staff reporter
Mutapa to shake-up State firms
Mutapa Fund Plots Major Shake-Up of State-Owned Enterprises to Enforce Governance and ProfitabilityZimbabwe's sovereign wealth vehicle, the Mutapa Investment Fund, is preparing to roll out swe...Published: 13 Jul 2025 at 16:12hrs | 672 | by Staff reporter
AMH editor-in-chief appears in court
The editor-in-chief of Alpha Media Holdings (AMH), Kholwani Nyathi, appeared in court on Thursday representing the media company as it faces charges of undermining the authority of President Emmerson ...Published: 10 Jul 2025 at 20:39hrs | 572 | by Staff reporter
Companies reel under crippling costs, regulatory chaos
Zimbabwe's formal business sector is under severe strain as economic pressures mount, with industry leaders warning that ongoing policy inconsistencies, regulatory confusion, and worsening macroeconom...Published: 10 Jul 2025 at 09:08hrs | 248 | 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 activ...Published: 10 Jul 2025 at 08:58hrs | 311 | by Staff reporter
EcoCash launches 'EcoCash Plus' wallet
EcoCash, Zimbabwe's leading mobile money platform, has unveiled EcoCash Plus - a specialised digital wallet designed to meet the unique needs of small and medium enterprises (SMEs), vendors, and servi...Published: 09 Jul 2025 at 18:06hrs | 840 | by Staff reporter
Residents slam prepaid water meters plan
Harare residents have strongly opposed the government's plan to roll out prepaid water meters in the capital, saying the move will do little to resolve the city's deepening water crisis and instead ri...Published: 09 Jul 2025 at 08:00hrs | 163 | by Staff reporter
Zimbabwean consumers failing to secure loans from banks
Zimbabwean consumers are facing increasing difficulties in accessing loans from traditional banking institutions due to low wages and the escalating cost of living, according to the IH Zimbabwe Consum...Published: 08 Jul 2025 at 12:10hrs | 201 | by Staff reporter
Zimbabwe women's bank opens 11 000 accounts in 2024
The Zimbabwe Women Microfinance Bank (ZWMB) opened 11,120 new savings accounts in 2024 as part of the Government's ongoing push to promote financial inclusion and empower marginalized groups - particu...Published: 08 Jul 2025 at 09:52hrs | 83 | by Staff reporter
Harare council faces scandal over $500m lost on delays
Harare City Council has allegedly lost close to US$500 million since 2019 due to the delayed implementation of a modern Enterprise Resource Planning (ERP) system, amid explosive allegations of corrupt...Published: 07 Jul 2025 at 08:40hrs | 77 | by Staff reporter
Zimbabwe govt to settle parastatal debt
The Ministry of Finance, Economic Development and Investment Promotion says it is intensifying efforts to settle mounting debts owed to state-owned enterprises (SOEs), including telecoms giant T...Published: 06 Jul 2025 at 19:47hrs | 1608 | by Staff reporter
New mall opens in Bulawayo CBD
A vibrant new business mall has opened in the heart of Bulawayo's Central Business District (CBD), aiming to ignite entrepreneurship, celebrate African culture, and stimulate local economic growth....Published: 05 Jul 2025 at 16:56hrs | 1657 | by Staff reporter
Crossborder4ED condemns smuggling
The Crossborder4ED Association has condemned the smuggling of goods into Zimbabwe but voiced concern over what it described as excessive and repetitive roadblock searches faced by cross-border traders...Published: 05 Jul 2025 at 15:35hrs | 275 | by Staff reporter
'Zimbabwe losing billions in tax revenue to informal sector'
Zimbabwe is losing between US$7.5 billion and US$8 billion in potential tax revenue every year due to the dominance of its informal sector, according to new estimates by the African Development Bank (...Published: 04 Jul 2025 at 14:22hrs | 205 | by Staff reporter
Dr Malusi Gigaba has completed his PhD
Former finance minister Knowledge Malusi Nkanyeni Gigaba has achieved a significant academic milestone by completing his PhD at the University of Johannesburg (UJ), with his graduation confirmed for 2...Published: 04 Jul 2025 at 10:57hrs | 550 | by Staff reporter
Zesa's Sydney Gata dies
Sydney Gata, the long-serving executive chairman of the Zimbabwe Electricity Supply Authority (ZESA), has died at the age of 79.Gata passed away late Thursday night at a private hospital in Ha...Published: 04 Jul 2025 at 09:17hrs | 1174 | by Staff reporter
Bulawayo council flags unsafe solar installations
The Bulawayo City Council (BCC) has raised the alarm over an increasing number of fire outbreaks linked to unsupervised and poorly installed solar power systems in residential areas, amid a surge in t...Published: 04 Jul 2025 at 07:48hrs | 734 | by Staff reporter
SADC donates US$98,000 refrigerated truck to Zimbabwe
In a major boost to Zimbabwe's fisheries sector, the Southern African Development Community (SADC) on Thursday handed over a three-tonne refrigerated truck valued at US$98,000 to the Zimbabwe Fish Pro...Published: 03 Jul 2025 at 19:09hrs | 4209 | by Staff reporter
Govt re-advertises tender for Old Gwanda Road supervision
The Government of Zimbabwe, through the Ministry of Transport and Infrastructure Development, has re-advertised a tender to engage a consultancy firm to supervise the construction of the Old Gwanda Ro...Published: 03 Jul 2025 at 12:39hrs | 323 | by Staff reporter
TelOne struggles to attract investment
TelOne (Private) Limited is facing significant challenges in securing fresh capital for vital infrastructure expansion projects, as legacy debts inherited from the defunct Posts and Telecommunications...Published: 03 Jul 2025 at 12:29hrs | 128 | by Staff reporter
Councils told to comply with public procurement regulations
The government has called on local authorities across Zimbabwe to strictly adhere to public procurement regulations to uphold accountability and prevent legal disputes that continue to plague municipa...Published: 03 Jul 2025 at 09:24hrs | 95 | by Staff reporter
No water from the tap. They're asked to pay a tax anyway
HARARE, ZIMBABWE - The cholera outbreak that swept through Zimbabwe in 2008-2009 killed more than 4,000 people and sickened nearly 100,000. Parts of Harare and its surrounding suburbs were especially ...Published: 02 Jul 2025 at 10:02hrs | 448 | by Linda Mujuru, GPJ Zimbabwe
TelOne suffers liquidity crunch
State-owned telecommunications giant TelOne Private Limited is facing a serious liquidity crisis amid revelations that the government owes the company US$19.2 million for voice and data services rende...Published: 02 Jul 2025 at 09:37hrs | 200 | by Staff reporter
Fundira challenges dismissal as NSSA Board Chair
Ousted National Social Security Authority (NSSA) board chairperson Emmanuel Fundira has challenged his recent dismissal by the Minister of Public Service, Labour and Social Welfare, Edgar Moyo, descri...Published: 30 Jun 2025 at 21:16hrs | 882 | by Staff reporter
Warrant of arrest for Shawashi Agri boss
A warrant of arrest has been issued against Shawashi Agri Private Limited managing director, Lillian Nyamasoka, after she failed to appear in court to answer to serious fraud allegations involving ove...Published: 30 Jun 2025 at 18:35hrs | 602 | by Staff reporter
Driver in the court over US$600,000 Harare robbery
A man suspected of being the inside informant in a daring US$600,000 armed robbery in central Harare has appeared in court facing charges of robbery.Samson Gora, who is employed as a driver by...Published: 30 Jun 2025 at 15:57hrs | 866 | by Staff reporter
ZB Bank secures US$5 million Afreximbank facility
ZB Bank Limited has secured a US$5 million loan facility from the African Export-Import Bank (Afreximbank), aimed at supporting small and medium enterprises (SMEs) in Zimbabwe, particularly those enga...Published: 30 Jun 2025 at 13:07hrs | 126 | by Staff reporter
Harare company director dupes Chinese investors
A local businesswoman, Lilian Nyamasoka, is now a fugitive from justice after a Harare magistrate issued a warrant for her arrest on Thursday for failing to appear in court to answer to two counts of ...Published: 29 Jun 2025 at 12:03hrs | 156 | by Staff reporter
Harare company director dupes Chinese investors
A local businesswoman, Lilian Nyamasoka, is now a fugitive from justice after a Harare magistrate issued a warrant for her arrest on Thursday for failing to appear in court to answer to two counts of ...Published: 29 Jun 2025 at 12:03hrs | 86 | by Staff reporter
Zesa rebundling begins
Mutapa Investment Fund (MIF) has initiated the process of rebundling ZESA Holdings, aiming to streamline operations, enhance efficiency, and reduce costs within Zimbabwe's struggling electricity secto...Published: 29 Jun 2025 at 11:21hrs | 7447 | by Staff reporter
Tichaona Jokonya's family lives in fear
The family of the late liberation war hero and former Information Minister, Tichaona Jokonya, is living in fear following the reported invasion of their privately owned farm in Beatrice, Mashonaland E...Published: 28 Jun 2025 at 14:55hrs | 213 | by Staff reporter
Presidential scheme disburses US$200 000 for vendors
Thousands of informal traders across Zimbabwe have received a major financial boost following the launch of the Presidential Vendors Empowerment Scheme, which has availed US$200,000 in seed capital to...Published: 27 Jun 2025 at 18:29hrs | 115 | by Staff reporter
Chiwenga condemns corrupt businesspeople
Vice President Dr. Constantino Chiwenga has issued a strong condemnation of corrupt businesspeople operating without traceable capital or legitimate enterprises, describing them as a serious threat to...Published: 26 Jun 2025 at 17:29hrs | 1657 | by Staff reporter
Tagwirei mocks 'foolish' Zimbabweans who have not won tenders
Prominent businessman Kudakwashe Tagwirei ignited controversy on Wednesday after declaring that Zimbabweans who have not secured government tenders are "foolish" - effectively labelling the vast major...Published: 26 Jun 2025 at 14:12hrs | 821 | by Staff reporter
Bulawayo company pioneers dust suppression breakthrough
In a significant stride towards sustainable industrialisation, Bulawayo-based manufacturing firm, Chemical Technology Africa (CTA), has unveiled an innovative solution to combat air pollution caused b...Published: 24 Jun 2025 at 17:10hrs | 413 | by Staff reporter
Woes mount for Zimbabwe formal businesses\
Informal traders who largely evade taxes and levies are placing formal retail and wholesale businesses in Zimbabwe at a significant competitive disadvantage, burdened by a heavy and complex taxation r...Published: 23 Jun 2025 at 10:58hrs | 245 | by Staff reporter
Zimbabwe ministers, top officials loot broke parastatals
Senior government officials, including cabinet ministers, permanent secretaries, and directors, are siphoning millions of dollars from state-owned enterprises to finance extravagant lifestyles, in a g...Published: 20 Jun 2025 at 17:28hrs | 152 | by Staff reporter
Chivayo flaunts wealth with new US$400,000 Rolls-Royce
Zimbabwean businessman Wicknell Chivayo, known for his flamboyant displays of wealth and deep political connections, has once again sparked public outrage after splurging more than US$400,000 on a bra...Published: 20 Jun 2025 at 07:20hrs | 1650 | by Staff reporter
Explosive corruption report handed to Mnangagwa
A political firestorm is erupting at Town House following the submission of a damning report to President Emmerson Mnangagwa, which exposes endemic corruption, systemic mismanagement, and the virtual ...Published: 19 Jun 2025 at 11:29hrs | 2561 | by Staff reporter
Mthuli Ncube under pressure to ease tax burden
Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube is facing mounting pressure from business leaders and economists to overhaul Zimbabwe's tax regime, with demands ...Published: 19 Jun 2025 at 11:24hrs | 1281 | by Staff reporter
Private sector, experts hail Zimra's TaRMS tax regime
Private sector players and financial experts have praised Zimbabwe's Tax and Revenue Management System (TaRMS) for significantly improving taxpayer accessibility and compliance, particularly among sma...Published: 19 Jun 2025 at 07:16hrs | 207 | by Staff reporter
Bulawayo City Council launches crackdown to clean CBD
Bulawayo City Council (BCC) has embarked on a city-wide crackdown targeting illegal street vending, with intensified day and night raids now actively underway in the Central Business District (CBD). T...Published: 18 Jun 2025 at 18:09hrs | 234 | by Staff reporter
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