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Stanbic Bank Steps up efforts to promote International Trade
Harare - 20 November 2024 - Leading financial services institution, Stanbic Bank Zimbabwe has stepped up efforts to promote international trade by launching an e-book which guides locals on how to sou...Published: 17 hrs ago | 81 | by Agencies
Zimbabwe and Zambia combine efforts to solve their power woes
Zimbabwe and Zambia are combining efforts to deal with their electricity crises, which have seen power cuts of up to 21 hours per day.With no load shedding for eight months, Eskom has asked So...Published: 20 Nov 2024 at 07:09hrs | 447 | by Staff reporter
'ZSE left with two valuable counters'
The Zimbabwe Stock Exchange (ZSE) is witnessing a significant shift, with Delta Corporation Limited and Econet Wireless Zimbabwe now standing as the only major valuable counters on the bourse. Several...Published: 20 Nov 2024 at 07:03hrs | 184 | by Staff reporter
Zimbabweans to endure 6 more years with load shedding
The Zimbabwe Electricity Supply Authority (Zesa) is undertaking energy generation projects worth 3,000MW to eliminate load-shedding and achieve universal electricity access by 2030. The initiatives ar...Published: 20 Nov 2024 at 06:49hrs | 242 | by Staff reporter
NMBZ turns to Rabobank for agric financing
NMBZ Holdings Limited, a leading financial services group, has announced a strategic partnership with Rabobank, a Dutch multinational specializing in banking and financial services, to implement an en...Published: 19 Nov 2024 at 08:49hrs | 200 | by Staff reporter
Plundering of Zimbabwe's minerals stalling a just energy transition in fighting climate change
In his address at a High-Level Meeting on Resourcing the Energy Transition with Justice and Equity, held on the sidelines of COP29 in Baku, Azerbaijan, Zimbabwe's President Emmerson Mnangagwa delivere...Published: 14 Nov 2024 at 12:37hrs | 157 | by Tendai Ruben Mbofana
Mnangagwa says mineral-rich countries must not remain poor
As the world transitions toward renewable energy, Zimbabwe and other mineral-rich nations must not remain impoverished but should harness opportunities to drive sustainable growth, President Emmerson ...Published: 14 Nov 2024 at 09:24hrs | 98 | by Staff reporter
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...Published: 14 Nov 2024 at 09:21hrs | 173 | by Staff reporter
There're now two Zimbabwes: One for a small elite and the other for millions of poor Zimbabweans
Over the past few years, Zimbabwe has reportedly experienced steady economic growth. According to government statistics, GDP growth rates have shown positive movement, suggesting that the coun...Published: 13 Nov 2024 at 22:05hrs | 574 | by Tendai Ruben Mbofana
Mozambique borders reopen as protests subside
Mozambique's border posts were reopened yesterday, and protests in Maputo and other cities have subsided - for now - as the country grapples with ongoing unrest following allegations of election fraud...Published: 11 Nov 2024 at 07:14hrs | 757 | 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....Published: 11 Nov 2024 at 07:13hrs | 2289 | by Staff reporter
Zimbabwe secures US$1,5bn for dams, irrigation and power projects
Zimbabwe has successfully raised over US$1.5 billion in funding to advance major dam projects across the country, including Musami Dam, which will supply water to the developing capital city in Mt Ham...Published: 10 Nov 2024 at 10:45hrs | 207 | by Staff reporter
Zimbabwe foreign currency reserves rise to US$500m
Zimbabwe's foreign currency reserves backing its local currency, the Zimbabwe Gold (ZiG), have surged past US$500 million, tripling the total amount of ZiG in circulation. This development is expected...Published: 10 Nov 2024 at 10:41hrs | 169 | by Staff reporter
Zimbabwe eyes China's $50 billion African modernisation fund
Zimbabwe is gearing up to tap into a US$50 billion fund that China pledged to support Africa's modernisation and industrialisation efforts during the recent Forum on China-Africa Cooperation (FOCAC) S...Published: 09 Nov 2024 at 17:08hrs | 257 | by Staff reporter
Dr. Arikana Chihombori: the unsung heroine of Africa
She will never get recognition in Zimbabwe. Zimbabwean women have no vocabulary to appraise Dr. Chohombori breaking the glass-ceiling. The inner jealousy and the inherent envy among us women are so ev...Published: 07 Nov 2024 at 12:52hrs | 379 | by Nomazulu Thata
Zimbabwe on course to break winter wheat production record
Zimbabwe is poised to set a new winter wheat production record, with farmers having already harvested over 490,000 tonnes this season, a milestone that highlights the nation's agricultural revival in ...Published: 03 Nov 2024 at 10:06hrs | 230 | by Staff reporter
Hwange's Unit 7 reconnected, boosting Zimbabwe's power capacity
In a significant boost to Zimbabwe's electricity generation, Hwange Thermal Power Station's Unit 7 was reconnected to the national grid on Friday, adding an additional 300 megawatts (MW) to the countr...Published: 03 Nov 2024 at 10:04hrs | 198 | by Staff reporter
Botswana's ruling party loses power after six decades
Botswana's governing party has suffered a shock election defeat after nearly six decades in power, preliminary election results show.President Mokgweetsi Masisi's Botswana Democratic Party (BD...Published: 01 Nov 2024 at 06:51hrs | 1476 | by Staff reporter
Chinese Steel Plant: Zimbabwe's economic boon
Zimbabwe is aiming to be home to Africa's largest steel plant, but disputes over the project continue even as it ramps up production.Over the past few months, villagers have been accusing the ...Published: 31 Oct 2024 at 06:53hrs | 7939 | by Staff reporter
Weak currency key to economic growth, says Mthuli Ncube
Finance, Economic Development and Investment Promotion Minister Mthuli Ncube has defended Zimbabwe's weak domestic currency, asserting that it has played a crucial role in fostering economic growth. S...Published: 31 Oct 2024 at 06:52hrs | 646 | by Staff reporter
Economy registers three-year growth, says Prof Ncube
Zimbabwe has sustained robust economic growth over the past three years, averaging an impressive 6.8 percent annually, despite significant currency fluctuations, Finance, Economic Development, and Inv...Published: 31 Oct 2024 at 06:48hrs | 89 | by Staff reporter
If Smith was an oppressor, then what is Mnangagwa?
As I sit here, my work at a standstill due to the daily power outages we are experiencing in Zimbabwe, most times going for 15 hours or more a day, I can not help wondering.What has this suppo...Published: 30 Oct 2024 at 22:17hrs | 843 | by Tendai Ruben Mbofana
Zimbabwe-China trade hits $3 billion
Trade between Zimbabwe and China has surged in the first nine months of 2024, reaching a record $3 billion, marking a 25.6% year-on-year increase. Zimbabwe's exports to China stood at $2.1 billion, wh...Published: 30 Oct 2024 at 15:46hrs | 377 | by Staff reporter
Zimbabwe's gold output surges 33%
Zimbabwe's gold production surged by 33 percent in the third quarter of 2024, with output rising to 10.3 tonnes, compared to 7.7 tonnes in the previous quarter, according to official data from Fidelit...Published: 30 Oct 2024 at 07:53hrs | 148 | by Staff reporter
RBZ pumps US$32 million into market
The Reserve Bank of Zimbabwe (RBZ) has infused approximately US$32 million into the interbank foreign exchange market over the past three weeks to stabilize the Zimbabwe Gold (ZiG) currency and addres...Published: 27 Oct 2024 at 12:19hrs | 155 | by Staff reporter
China opposes coercive measures against developing countries
China on Tuesday represented 28 Global South countries and delivered a joint statement at the United Nations opposing unilateral coercive measures and urging countries imposing them to "immediately an...Published: 25 Oct 2024 at 15:52hrs | 132 | by Staff reporter
South Africa totally correct to 'relocate Taiwan' out of Pretoria
The brouhaha around the forced relocation of the Taipei Liaison Office from SA's capital Pretoria to Johannesburg - approximately 50 km southward - is completely misplaced.In 1997, SA cut dipl...Published: 25 Oct 2024 at 09:13hrs | 1214 | by Abbey Makoe
Zimbabwe to participate at top minerals summit
Zimbabwe is preparing to participate in the upcoming Critical Minerals Africa Summit, scheduled to take place in Cape Town, South Africa, from November 6 to 7. The summit comes at a time when the worl...Published: 25 Oct 2024 at 08:50hrs | 152 | by Staff reporter
Zesa unveils strategy to end load-shedding
ZESA Holdings has announced a transformative strategy to eliminate load-shedding by next year and achieve universal electricity access across Zimbabwe by 2030. The plan, detailed by ZESA executive cha...Published: 25 Oct 2024 at 08:44hrs | 306 | by Staff reporter
Zimbabwe's Dinson's steel plant reaches 60% production capacity
The Dinson Iron and Steel Company's US$1.5 billion steel plant in Manhize, Midlands Province, has achieved 60% capacity utilization since starting production in July 2024. The plant, touted as Africa'...Published: 24 Oct 2024 at 13:13hrs | 753 | by Staff reporter
The real story behind Britain's withdrawal from Zimbabwe's land reform: Exposing corruption and mismanagement
AS SOUTHERN Africa approaches another 'SADC Anti-Sanctions Day,' the Zimbabwean government is once again amplifying the narrative that economic sanctions, particularly from Western countries like the ...Published: 23 Oct 2024 at 20:37hrs | 854 | by Tendai Ruben Mbofana
Call for reparations: A mere excuse by failed African leaders!
As the Commonwealth Heads of Government meeting (CHOGM) kicked off this week in Samoa, the topic of reparations for slavery and colonialism has once again been thrust into the spotlight. Sever...Published: 23 Oct 2024 at 20:31hrs | 270 | by Tendai Ruben Mbofana
Huawei in Zimbabwe solar power deal for mines
Leading renewable energy provider Grid Africa has entered into a strategic partnership with global technology giant Huawei to implement a 72MW solar power project aimed at supplying electricity to min...Published: 23 Oct 2024 at 07:40hrs | 258 | by Staff reporter
US investment in Zimbabwe's mining stall, Chinese investment booming
Zimbabwe's mining sector, despite being rich in natural resources, is facing challenges in attracting substantial investment from U.S. companies. Experts attribute this to policy inconsistency and cur...Published: 22 Oct 2024 at 17:16hrs | 1795 | by Staff reporter
CSC, Boustead Beef deal sparks court battle
The Cold Storage Company (CSC) has officially terminated its partnership with Boustead Beef, leading to legal action, according to Lands, Agriculture, Fisheries, Water and Rural Development Minister, ...Published: 21 Oct 2024 at 07:42hrs | 235 | by Staff reporter
Zimbabwe will not regret taking back land!
ON January 1, 1994, a group of indigenous Mexicans took up arms against their government in what became known as "the struggle of the Zapatistas".While the idea of an armed insurgency was quic...Published: 20 Oct 2024 at 12:19hrs | 70 | by Gibson Nyikadzino
Government's compensation plan for former white farmers sparks outrage
The government's recent announcement of compensation for 444 former white commercial farmers has ignited widespread anger among citizens. Many are questioning why the liberation struggle was fought ov...Published: 18 Oct 2024 at 20:32hrs | 379 | by Stephen Jakes
Zimbabwe's value-added exports rise to US$244,5 million
Zimbabwe's export sector is experiencing a significant upswing, driven by a marked increase in value-added products and local manufacturing, signaling a promising path toward sustainable economic grow...Published: 18 Oct 2024 at 12:29hrs | 541 | by Staff reporter
George Guvamatanga rules out Zimbabwe exchange-rate convergence
Zimbabwe won't allow the street rate of the ZiG to determine where its official rate should be as it isn't driven by market fundamentals, a senior Treasury official said.The ZiG is trading at ...Published: 18 Oct 2024 at 08:53hrs | 1701 | by Staff reporter
CTC to investigate surge of counterfeit toothpaste in Zimbabwe
The Competition and Tariff Commission (CTC) has announced an investigation into reports of counterfeit toothpaste products flooding the Zimbabwean market, citing potential serious health risks to cons...Published: 18 Oct 2024 at 08:42hrs | 186 | by Staff reporter
Mnangagwa lauds exports surge
President Emmerson Mnangagwa has commended Zimbabwe's productive sector for its significant role in driving exports of goods and services, calling it a vital catalyst for the country's industrialisati...Published: 18 Oct 2024 at 08:39hrs | 64 | by Staff reporter
Zimbabwe's SADC Chairmanship offers new opportunities
Zimbabwe's chairmanship of the Southern African Development Community (SADC) offers a prime opportunity for local businesses to shape the regional economic agenda and benefit from the African Continen...Published: 18 Oct 2024 at 08:38hrs | 125 | by Staff reporter
ZimAlloys resumes chrome smelting
ZimAlloys, a ferrochrome producer based in Gweru, has restarted its chrome smelting operations after an 11-year break, thanks to a US$7 million investment from Kuvimba Mining House. The company's revi...Published: 18 Oct 2024 at 08:37hrs | 181 | by Staff reporter
Zimbabwe exempts immigrants from ban on importing older vehicles
Immigrants are now exempt from the Government's ban on importing vehicles older than 10 years, allowing qualifying immigrants to bring in cars duty-free, according to new regulations under Statutory I...Published: 18 Oct 2024 at 08:28hrs | 386 | by Staff reporter
Mnangagwa in Bulawayo for ZimTrade indaba
President Emmerson Mnangagwa arrived in Bulawayo yesterday, where he is set to officially open the ZimTrade Annual Exporters Conference today. The event, hosted at the Zimbabwe International Exhibitio...Published: 17 Oct 2024 at 08:50hrs | 108 | by Staff reporter
The Chinese-owned Dinson invests over US$2 billion in Zimbabwe
The Chinese-owned Dinson Iron and Steel Company (Disco), the anchor industry for the Manhize Industrial Park near Mvuma in Zimbabwe's Midlands province, has invested more than US$2 billion in the coun...Published: 15 Oct 2024 at 18:38hrs | 3144 | by Staff reporter
Mnangagwa's adviser says ZiG is 'doomed', warns RBZ Governor
Local economist and adviser to President Emmerson Mnangagwa, Eddie Cross, has issued a stark warning to Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu, cautioning that the country's new Zim...Published: 15 Oct 2024 at 18:10hrs | 5661 | by Staff reporter
Global cement maker now in Zimbabwe
One of the world's top cement producers, Huaxin Cement Co. Ltd, has made a significant investment in Zimbabwe by committing US$15 million to build a new manufacturing plant in Mt Hampden. The plant, w...Published: 15 Oct 2024 at 08:25hrs | 477 | by Staff reporter
Mnangagwa pledges incentives for local beneficiation & value addition
President Emmerson Mnangagwa reaffirmed his government's commitment to enhancing the local beneficiation and value-addition of Zimbabwe's mineral resources during the official opening of Mine Entra at...Published: 11 Oct 2024 at 17:56hrs | 127 | by Staff reporter
BCC invites investors to special economic zone
The Bulawayo City Council has granted approval for Lebanmon Investment Private Limited, a Chinese investment company, to establish a cement production facility at the Umvimila special economic zone. T...Published: 09 Oct 2024 at 07:45hrs | 188 | by Staff reporter
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