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Zimbabwe's energy crisis deepens?
Zimbabwean businesses are once again counting the costs of electricity outages as low water levels at the Kariba Dam have resulted in reduced power generation while frequent breakdowns at the coal the...Published: 13 hrs ago | 902 | 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 | 144 | by Staff reporter
Zimbabwe unveils industrial growth blueprint for automotive sector
The Zimbabwe Industrial Reconstruction and Growth Plan (ZIRGP), a targeted economic manufacturing initiative, has outlined key strategies to boost domestic production of buses and trucks. Running from...Published: 30 Oct 2024 at 07:52hrs | 91 | by Staff reporter
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 | 256 | by Staff reporter
Zimbabwe must be bold in FDI drive
Finance, Economic Development, and Investment Promotion Permanent Secretary George Guvamatanga has disclosed that the government has been inundated with demands from prospective investors seeking Zimb...Published: 09 Sep 2024 at 08:24hrs | 100 | by Staff reporter
Mashonaland's new city takes shape
The Government of Zimbabwe has commenced servicing land in Mt Hampden, where the new commercial and administrative capital will be established. This follows the recent repossession of 47 farms coverin...Published: 25 Aug 2024 at 11:18hrs | 747 | by Staff reporter
Remittances and FDI: Harmonizing Zimbabwe's economic strategies for sustainable growth
Zimbabwe's economy stands at a critical juncture, grappling with deep-seated challenges such as systemic unemployment, volatile currency fluctuations, and an uncertain business climate. Within this pr...Published: 18 May 2024 at 15:27hrs | 11 | by Dr Bekithemba Mpofu
Zimbabwe currency crisis: Time to face the truth
THERE is, of course, no such thing as "a shortage of foreign currency".In open and disciplined markets, all that such a claim reflects is an over-valued local currency, whose managers resist t...Published: 07 Apr 2024 at 10:26hrs | 1 | by Obert Nyandoro
Zimbabwe campaign for foreign direct investment intensifies
IN a strategic move meant to bolster the country's economic landscape, the Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, is set to spearhead a series of F...Published: 07 Apr 2024 at 10:05hrs | | by Staff reporter
Supreme Court tosses out ex-St John's College paedophile coach's appeal
THE Supreme Court has thrown out an appeal against conviction and sentence by a paedophile who used to work at St Johns School in Harare who was jailed for sexually abusing four teenage boys who were ...Published: 13 Mar 2024 at 16:03hrs | 2 | by Staff reporter
47 farms earmarked for new city
FORTY-SEVEN farms in Mashonaland West and Mashonaland Central provinces have been earmarked for the development of the new capital city in Mt Hampden, where work on core infrastructure, which includes...Published: 10 Mar 2024 at 06:24hrs | 14 | by Staff reporter
'Zimbabwe performs dismally on human rights'
ZIMBABWE has been ranked among the world's worst performers in terms of human freedom, the Human Freedom Index (HFI) has revealed.The country was ranked 153 out of 165 countries with analysts ...Published: 10 Jan 2024 at 05:47hrs | 8 | by Staff reporter
Zimbabwe govt misses US$12bn mining target
LEADING economists and mining industry experts warned this week the Ministry of Mines and Mining Development was manipulating data to give an impression that its ambitious US$12 billion target will be...Published: 22 Dec 2023 at 18:13hrs | 6 | by Staff reporter
Triplicate: Private letter to Brother Brian Kagoro
PEACE and love be in your house. At the start of my journey to Masailand, Kenya, I thought I was going to be cut off from the world. The answer is yes and no. I am working with my longtime friend, Bis...Published: 03 Dec 2023 at 17:33hrs | 9 | by Kenneth Mafuka
Zimbabwe attracts US$8bn investments in 2023
Zimbabwe this year attracted investments worth US$8 billion, double the amount that had been targeted by the Zimbabwe Investment and Development Agency (ZIDA) at the beginning of the year, as the Seco...Published: 29 Nov 2023 at 05:07hrs | 8 | by Staff reporter
UN tells Zimbabwe to make changes to attract FDI
The United Nations (UN) has urged Zimbabwe to implement necessary changes to attract foreign direct investment (FDI) as global foreign assistance diminishes, moving away from quiet diplomacy. This adv...Published: 12 Oct 2023 at 06:41hrs | | by Staff reporter
Zimbabwe is still 'our most stable operation' says Impala Platinum
What does the recent election change for Zimbabwe's biggest investor? Not much, says Nico Muller, the head of Zimplats holding company Implats. We've seen it all before, he suggests.In 2021, Z...Published: 06 Sep 2023 at 06:39hrs | 1 | by Staff reporter
Zimbabwe business calls on presidential poll loser to concede defeat
ZIMBABWE'S industries this week called for a peaceful post-election period, as they made a passionate plea to frontrunners in the presidential poll to concede defeat and help the country focus on rebu...Published: 29 Aug 2023 at 08:12hrs | 3 | by Staff reporter
Even Mnangagwa wants 'whites' to develop Zimbabwe!
A few days ago, I had a very interesting debate with a ZANU PF sympathizer - who was adamant that Zimbabwe was going in the right direction under President Emmerson Dambudzo Mnangagwa.He based...Published: 25 Jul 2023 at 21:50hrs | 8 | by Tendai Ruben Mbofana
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....Published: 07 Jul 2023 at 07:52hrs | 8 | by Victor Bhoroma
Will the next ZANU PF leader call Mnangagwa a 'dimwit'?
The ruling ZANU PF is always full of drama, which never ceases to amaze, if not bemuse.So, after current President Emmerson Dambudzo Mnangagwa's monumental failure to resuscitate the country's...Published: 29 Jun 2023 at 13:05hrs | 8 | by Tendai Ruben Mbofana
China now Zimbabwe's largest FDI source
China has made huge inroads into the Zimbabwean economy in terms of investment, which is expected to grow further following the three-day ZimTrade organised Zimbabwe-China Business Forum, which ends t...Published: 01 Jun 2023 at 06:40hrs | 2 | by Staff reporter
Sanctions eroding value of Zimdollar
The depreciation of the Zimbabwe dollar is partly due to illegal economic sanctions imposed on the country by Western countries, the African Development Bank (AfDB) said in its African Economic Outloo...Published: 29 May 2023 at 06:30hrs | | by Staff reporter
Duty reprieve for vehicle assembly factories
GOVERNMENT has suspended customs duty on semi-knocked down (SKD) single and double-cab motor vehicle kits imported by approved assemblers for a period of three years in a bid to revive the local motor...Published: 10 Mar 2023 at 05:18hrs | | by Staff reporter
Zimbabwe records US$328mln in FDI
ZIMBABWE recorded USS327,9 million in foreign direct investment last year, an increase from USS237,5 million recorded in 2021. Despite the strong growth, analysts say the investment inflows re...Published: 12 Feb 2023 at 07:20hrs | 1 | by Staff reporter
Police raid illegal alcohol warehouse
THE police have vowed to bring to book the supply network of Bulawayo businesses and beyond that are linked to the warehouse where US$110 000 worth of suspected smuggled alcohol consignment was seized...Published: 23 Jan 2023 at 05:45hrs | | by Staff reporter
What can go wrong with your crypto investment?
It may be virtual money, but the value of a cryptocurrency can never be negative. To put it simply, a cryptocurrency's ...Published: 10 Jan 2023 at 16:16hrs | 12 | by Moyo Roy
Bulawayo police smash illicit alcohol syndicate
Police yesterday cut off a njengu distribution network in Bulawayo in what is arguably the city's biggest illicit alcohol bust in recent years.They seized two truckloads of the outlawed booze ...Published: 17 Dec 2022 at 12:08hrs | 1 | by Staff reporter
Zimbabwe now one of the fastest growing African economies
ANALYSING Zimbabwe's unconventional economy always proves somewhat cumbersome because it is a country bridled with policy inconsistency, unfavourable operating conditions buoyed by decades of unilater...Published: 02 Dec 2022 at 19:32hrs | | by Respect Gwenzi
Does Zimbabwe need the Commonwealth?
ZIMBABWE joined the Commonwealth in 1980 after gaining independence from Britain - in what appeared to be a major victory for the Commonwealth. Twenty-three years down the road, Zimbabwe quit the Comm...Published: 25 Nov 2022 at 05:11hrs | 1 | by Vusi Nyamazana
Zimbabwe's re-engagement effort faces brickwall
The Zimbabwe's re-engagement drive is largely influenced by many issues, chief among them political instability, democracy, high inflation and unemployment.Through the ongoing re-engagem...Published: 15 Nov 2022 at 04:50hrs | | by Nomatter Jakachira
'Mwonzora's MDC is too broke to hold an elective congress'
MDC Alliance leader Douglas Mwonzora stands accused of delaying the party's elective congress. NewsDay (ND) chief reporter Taurai Mangudhla interviewed MDC Alliance presidential spokesperson Lloyd Dam...Published: 14 Nov 2022 at 05:16hrs | 4 | by Staff reporter
Zimbabwe army, political elites negotiate shady, corrupt mining deals
COMMUNITIES across the country are being neglected in negotiating mining contracts with foreigners as the military and political elites take centre-stage for personal gain, an expert has said....Published: 28 Sep 2022 at 20:27hrs | 1 | by Staff reporter
Zimbabwe central bank raids banks, firms
THE Reserve Bank of Zimbabwe's Exchange Control Division has raided and penalised top banks and firms for violating exchange control regulations with some companies failing to account for United State...Published: 23 Sep 2022 at 19:25hrs | | by Staff reporter
Report exposes double standards in Zimbabwe's reform drive
THERE have been double standards in Zimbabwe's hyped reform programme, a report by the United States (US) has noted, raising concern over land expropriations and undertakings to protect property right...Published: 15 Sep 2022 at 05:53hrs | 6 | by Staff reporter
Mnangagwa moves to calm Zimbabwe investors
PRESIDENT Emmerson Mnangagwa this week moved to calm market concerns over the obtaining business climate, as he gave fresh undertakings to iron out hurdles to investment under his "Zimbabwe is Open fo...Published: 26 Aug 2022 at 20:47hrs | | by Staff reporter
Assessing the US$12 billion mining industry target
The Zimbabwean government launched an ambitious plan to transform the mining sector into a US$12 billion export industry by end of 2023. The plan was launched in October 2019 as a key pillar to sustai...Published: 11 Aug 2022 at 12:01hrs | 1 | by Victor Bhoroma
Lager beer production seen up 11%
DELTA Beverages says its lager beer portfolio is performing ahead of prior year, with a target to produce more than two million hectolitres this year, up 11% compared to prior year.Last year, ...Published: 04 Aug 2022 at 06:43hrs | | by Staff reporter
Zimbabwe developing a new US$60bn capita city
Plans to develop Zimbabwe's new capital city in Mt Hampden are gathering momentum, with a masterplan for the multi-billion-dollar ultra-modern development now complete.The US$60 billion metrop...Published: 31 Jul 2022 at 08:10hrs | 2 | by Staff reporter
New Harare's US$500m Cyber City to feature 250 townhouses
PRESIDENT Emmerson Mnangagwa last week broke ground to launch the $500 million Zim Cyber City, a hi-tech park near capital Harare, that is being developed by UAE-based diversified industrial conglomer...Published: 24 Jul 2022 at 10:04hrs | 24 | by Staff reporter
Mnangagwa says Zimbabwe is on irreversible forward march
ZIMBABWE is experiencing increased inflows of foreign direct investment (FDI) projects in most provinces, at a time when the world is grappling with multiple economic challenges.This indicates...Published: 03 Jul 2022 at 09:22hrs | | by Staff reporter
African Mining Sector Set for Strong Growth in 2022
Johannesburg - 16 May 2022 - With mining companies currently enjoying high prices, exceptional production performance and robust supply chains, the mining team from Stanbic Bank's parent company, Stan...Published: 16 May 2022 at 11:52hrs | 11 | by Mark Buncombe, Head of Mining and Metals at Standard Bank Group
Zida approves US$557,8m new projects
THE Zimbabwe Investment and Development Agency (Zida) approved 126 new investment projects last year with a combined value of US$557,8 million.Zida acting chief executive Duduzile Shinya told ...Published: 11 Apr 2022 at 06:35hrs | | by Staff reporter
Patriotic Zimbabweans (PZ) bemoans diaspora vote exclusion
Patriotic Zimbabwe (PZ) president Charles Muchinerepi Mutama has bemoaned the exclusion of diaspora vote in Zimbabwean elections despite the diaspora being a key economic player in the country....Published: 31 Mar 2022 at 18:50hrs | | by Chamunorwa Matanhike
Zimbabwe has lost US$42 billion because of US sanctions
Finance and Economic Development minister Mthuli Ncube claims Zimbabwe has lost at least US$42 billion because of sanctions imposed on the country by western powers since 2003.The amount is mo...Published: 08 Mar 2022 at 05:49hrs | | by Staff reporter
Mnangagwa explains mantra
The Nyika Inovakwa neVene Vayo (a country is built by its own people) mantra is an ideology of self-determination and national responsibility and stresses the centrality of Zimbabwean people in the co...Published: 06 Mar 2022 at 08:20hrs | | by Staff reporter
Unpacking Nyika Inovakwa Nevene Vayo Philosophy
During our War of Liberation, we had a huge rear base in Mozambique called Mudzingadzi.As with many of our rear bases, Mudzingadzi suffered repeated Rhodesian air raids.One such raid c...Published: 06 Mar 2022 at 08:18hrs | | by E.D. Mnangagwa
Zimbabwe ranks lowly on Fitch political, economic risk
PROMINENT American market research firm, Fitch Solutions, has ranked Zimbabwe as a country that poses the highest political and economic risk in Southern Africa, a major indicator that poi...Published: 04 Mar 2022 at 17:44hrs | 4 | by Staff reporter
'Mnangagwa's radical policy shift blew away US$500m potential revenue'
RADICAL policy shifts a year into President Emmerson Mnangagwa's administration have wiped a staggering US$500 million in potential investments out of Zimbabwe, new data predicting an escalation of he...Published: 16 Feb 2022 at 05:35hrs | 7 | by Staff reporter
'Zimbabwe sliding back to 2008 crisis'
ZIMBABWE is in economic and political crises which are threatening peace, particularly ahead of the 2023 elections.Observers say corruption and looting of public resources have reached alarmin...Published: 10 Jan 2022 at 06:02hrs | 1 | by Staff reporter
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