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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 | 246 | 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 | 304 | 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 | 826 | by Staff reporter
Zimbabwe revises GDP upwards to US$44.4 billion
Zimbabwe has recorded a significant rise in its Gross Domestic Product (GDP), now revised to ZiG168.5 trillion (approximately US$44.4 billion), marking a substantial increase from the previous estimat...Published: 09 Jul 2025 at 07:52hrs | 155 | by Staff reporter
ZRP bans officers from kombi business
The Zimbabwe Republic Police (ZRP) has imposed an immediate ban on all its officers from participating in the passenger transport sector, following a damning internal inquiry that revealed rampant mis...Published: 08 Jul 2025 at 19:14hrs | 1761 | by Staff reporter
Zimbabwe doesn't need a Preacher - It needs a Champion
Nelson Chamisa is back.After months of political silence and speculation, the former Citizens Coalition for Change (CCC) leader has re-emerged, promising a new political vehicle and a "cleaner...Published: 06 Jul 2025 at 10:38hrs | 237 | 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
Zim industry leaders call for Unified Taxation System
Zimbabwe's business community has raised concerns over the country's fragmented taxation system, urging the government to adopt a unified tax framework to alleviate the heavy burden of multiple taxes ...Published: 01 Jul 2025 at 08:20hrs | 129 | 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 | 114 | by Staff reporter
Zimra faces deepening tax enforcement crisis
The Zimbabwe Revenue Authority (ZIMRA) is grappling with a growing tax enforcement crisis as the dominance of the cash economy, rampant informality, and high-profile tax disputes expose critical weakn...Published: 26 Jun 2025 at 11:26hrs | 1636 | by Staff reporter
Zimbabwe Parliament demands removal of punitive taxes
Parliament has sharply escalated pressure on Treasury to urgently scrap punitive taxes, including the highly contentious 2% Intermediated Money Transfer Tax (IMTT), by August 31, 2025, in a bid to hal...Published: 26 Jun 2025 at 11:25hrs | 1722 | 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
ZiG usage surges to half of all transactions in Zimbabwe
Nearly half of all transactions processed through Zimbabwe's National Payment System are now being conducted in Zimbabwe Gold (ZiG), marking a dramatic rise in adoption of the country's gold-backed cu...Published: 22 Jun 2025 at 11:05hrs | 1785 | by Staff reporter
Edgars turns to mass market and local supply
Edgars Stores Limited has effectively become Zimbabwe's sole listed clothing retailer after Truworths Zimbabwe entered corporate rescue in 2024, following a prolonged period of financial distress and ...Published: 20 Jun 2025 at 17:38hrs | 135 | 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
4,912 injuries, 76 fatalities recorded in workplaces in 2024
The Zimbabwe Congress of Trade Unions (ZCTU) has revealed alarming statistics for workplace safety in 2024, reporting a total of 4,912 injuries and 76 fatalities across various sectors. The labour fed...Published: 10 Jun 2025 at 08:51hrs | 84 | by Staff reporter
Zimbabwean women make gains in property ownership
Women in Zimbabwe are making significant strides in securing access to economic resources such as land, property, and digital financial services, according to findings from the 2023–2024 Zimbabwe De...Published: 08 Jun 2025 at 13:30hrs | 210 | by Staff reporter
Harare vendors live in fear as Municipal police crackdowns intensify
The sudden silence before chaos is the hallmark of Harare's latest crackdown on informal street vendors. Municipal police, some in plainclothes, others in uniform, move swiftly and silently through cr...Published: 08 Jun 2025 at 12:05hrs | 64 | by Staff reporter
Zimbabwe to slash regulatory fees for beef, dairy and food processing sectors
The Government will soon gazette a revised schedule of regulatory fees for three key agricultural sub-sectors - beef, dairy and food processing - in a move designed to enhance the competitiveness of l...Published: 08 Jun 2025 at 11:55hrs | 132 | by Staff reporter
New high-quality ZiG banknotes on the way
The Reserve Bank of Zimbabwe (RBZ) is set to introduce a new series of improved Zimbabwe Gold (ZiG) banknotes in denominations of ZiG10, ZiG20, ZiG50, ZiG100, and ZiG200, Governor John Mushayavanhu ha...Published: 03 Jun 2025 at 11:53hrs | 855 | by Staff reporter
Nurses clash with Parirenyatwa over US$150 graduation fee
A storm is brewing at Parirenyatwa Group of Hospitals as graduate nurses demand clarity and flexibility over a mandatory US$150 graduation and administration fee - insisting that being forced to pay i...Published: 03 Jun 2025 at 09:25hrs | 356 | by Staff reporter
Zimbabwe gold reserves surge to nearly US$700 million
The reserves backing Zimbabwe's structured currency, Zimbabwe Gold (ZiG), have soared to an impressive US$683 million, more than doubling since the currency's launch in April 2024 and significantly st...Published: 01 Jun 2025 at 14:03hrs | 64 | by Staff reporter
Steward Bank records 18% surge in US dollar deposits
Steward Bank has reported an 18% year-on-year increase in US dollar deposits, along with a boost in profitability, in a development seen as a strong vote of confidence in the bank's evolving strategy ...Published: 30 May 2025 at 12:10hrs | 90 | by Staff reporter
Zimbabwe to benefit from surge in remittances
Zimbabwe stands to gain significantly from a projected surge in remittance inflows into Africa, with the African Development Bank (AfDB) forecasting that the continent will receive US$100 billion in r...Published: 30 May 2025 at 08:58hrs | 131 | 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 Devel...Published: 28 May 2025 at 11:04hrs | 199 | by Staff reporter
Coltart decries lack of arrest powers for Municipal police
Bulawayo Mayor David Coltart has raised concerns over the city's inability to effectively enforce municipal by-laws due to the limited powers of municipal police, particularly their lack of authority ...Published: 24 May 2025 at 11:01hrs | 198 | 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 pro...Published: 16 May 2025 at 10:41hrs | 399 | by `
Zimbabwe steps up domestic HIV/Aids funding drive
The Government of Zimbabwe is intensifying efforts to mobilize domestic resources to sustain HIV and AIDS prevention programs following significant cuts in international funding, Health and Child Care...Published: 15 May 2025 at 09:22hrs | 91 | by Staff reporter
Edgars Zimbabwe shifts focus to low-end market
Edgars Stores Limited, one of Zimbabwe's leading clothing retailers, has announced a strategic shift toward the low-end market, revealing that 60% of the country's clothing market now falls within the...Published: 13 May 2025 at 10:19hrs | 376 | by Staff reporter
Zimbabwe lifts exchange rate controls
Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability a...Published: 17 Apr 2025 at 07:36hrs | 11663 | by Staff reporter
Zimbabwe manufacturing sector faces challenges
Industry and Commerce Minister Nqobizitha Ndlovu has called for urgent action to address the challenges stifling the competitiveness of Zimbabwe's manufacturing sector, after new findings revealed tha...Published: 16 Apr 2025 at 23:23hrs | 119 | by Staff reporter
Hoarding cash undermines Zimbabwe economy
Stashing cash in safe deposit boxes, a practice often used to secure valuables, is adversely affecting the smooth functioning of the economy by diverting funds away from productive sectors, according ...Published: 13 Apr 2025 at 09:38hrs | 174 | by Staff reporter
Mnangagwa nemesis granted bail
Zanu-PF activist Sybeth Musengezi, who gained national attention for his legal challenge against President Emmerson Mnangagwa's legitimacy in 2021, was granted US$100 bail on Thursday following his ar...Published: 12 Apr 2025 at 09:14hrs | 53 | by Staff reporter
MPs push for legislation to protect vendors
Members of Parliament have launched a renewed call for legislative measures to protect the livelihoods of vendors, following concerns over the frequent confiscation of their goods by law enforcement a...Published: 03 Apr 2025 at 08:23hrs | 302 | by Staff reporter
Zimbabwe grinds to a halt as citizens protest against Mnangagwa's rule
Zimbabweans across the country staged a nationwide stayaway protest today, March 31, in a bold demonstration against President Emmerson Mnangagwa's administration, which they accuse of corruption, eco...Published: 31 Mar 2025 at 14:56hrs | 4310 | by Staff reporter
Zimbabwe govt workers moonlight as street vendors
Every morning, Dumisani Ngara* gets up at dawn to catch a 6:30am bus to work at Zimbabwe's Ministry of National Housing and Social Amenities. The government-provided bus is free for civil servants in ...Published: 28 Mar 2025 at 12:41hrs | 1127 | by Staff reporter
ED hailed for stopping the raids of vendors
PRESIDENT Emmerson Mnangagwa has been applauded for calling for the government to stop the raids on informal traders and confiscation of their wares by Zimbabwe Revenue Authority and local authorities...Published: 27 Mar 2025 at 12:07hrs | 1722 | by Stephen Jakes
Mnangagwa turns to vendors to thwart 31 March protest
President Emmerson Mnangagwa has reaffirmed the government's commitment to supporting vendors and the informal sector, recognizing their critical role in the country's economic development. Speaking d...Published: 27 Mar 2025 at 06:19hrs | 3497 | by Staff reporter
Five Years Since Zimbabwe's Lockdown
Five years ago, Zimbabwe, like the rest of the world, entered an unprecedented period of lockdown due to the COVID-19 pandemic. What began as a temporary measure to curb the spread of the virus soon e...Published: 25 Mar 2025 at 21:54hrs | 306 | by Engineer Jacob Kudzayi Mutisi
BCC dithers on vendors
The Bulawayo City Council (BCC) has taken a less confrontational stance on the ongoing vending crisis, allowing the Government's 48-hour ultimatum to lapse without any major enforcement measures. Inst...Published: 16 Mar 2025 at 09:23hrs | 2053 | by Staff reporter
Obert Gutu urges humane handling of vendors' crisis
National Peace and Reconciliation Commission (NPRC) commissioner Obert Gutu has called for restraint and empathy in dealing with vendors, following the Zimbabwean government's order to remove them fro...Published: 14 Mar 2025 at 07:02hrs | 3063 | by Staff reporter
Zimbabweans struggle with unemployment as informal sector dominates
A recent national survey has revealed that the majority of Zimbabweans remain unemployed or reliant on informal work, with many struggling to secure stable incomes.The 2024 Citizens' Perceptio...Published: 11 Mar 2025 at 07:25hrs | 2216 | by Staff reporter
Cry, the beloved country
Zimbabwe, formerly one of Southern Africa's most promising countries, is today seen as a laughingstock throughout the region.It's really tragic that the Zanu PF leadership is just worried abou...Published: 10 Mar 2025 at 13:36hrs | 296 | by Leonard Koni
Tagwirei linked wealth managers in OK shares buying spree
Akribos Wealth Managers, a prominent asset management firm with connections to local businessman Kuda Tagwirei, has made a major splash in the Zimbabwean stock market by purchasing a combined 16,338,2...Published: 03 Mar 2025 at 13:03hrs | 12384 | by Staff reporter
Harare deploys special police unit against vendors
The City of Harare has announced the creation of a new municipal police unit tasked with raiding illegal traders and arresting litterbugs in the central business district (CBD). This move is part of t...Published: 01 Mar 2025 at 09:21hrs | 1026 | by Staff reporter
Zimbabwe could clear arrears with bold reforms
Zimbabwe could clear its arrears and rework $21 billion in debt that's kept it locked out of international capital markets for more than a quarter of a century if it implements fiscal reforms, the Wor...Published: 27 Feb 2025 at 11:05hrs | 357 | by Staff reporter
'Half of stock sold in Zimbabwean tuck shops are fake goods'
Nearly 50 percent of groceries seized from tuck shops and vending stalls during Zimbabwe's ongoing crackdown on counterfeit and smuggled goods have been tested and found to be fake and potentially haz...Published: 26 Feb 2025 at 08:07hrs | 736 | by Staff reporter
Zimbabwean youths struggle for survival
For many young Zimbabweans, the daily grind is no longer about climbing corporate ladders or pursuing dream careers. Instead, it has become a delicate balance between hustling for meager earnings and ...Published: 23 Feb 2025 at 09:59hrs | 228 | by Staff reporter
OK Zimbabwe begins restocking after weeks of empty shelves
Troubled retailer OK Zimbabwe has announced that it has started restocking its outlets following weeks of empty shelves and temporary closures due to macroeconomic challenges, particularly exchange ra...Published: 17 Feb 2025 at 12:37hrs | 1675 | by Staff reporter
Zimbabwe vendors required to use POS machines
The Government has introduced a directive requiring all vendors to use Point of Sale (POS) machines and open bank accounts as part of their registration process. This initiative, implemented in collab...Published: 13 Feb 2025 at 06:30hrs | 753 | by Staff reporter
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