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11 Chinese investors eye Bulawayo for multi-billion dollar projects
Bulawayo is poised for a significant boost in its re-industrialisation initiatives as 11 prominent Chinese companies have expressed interest in investing in the city. These firms, which span sectors s...Published: 03 Nov 2024 at 10:14hrs | 926 | by Staff reporter
Zanu-PF wants govt to enforce 'use it or lose it policy' in mining
ZANU-PF has instructed the government to amend legislation on exclusive prospecting orders (EPOs) and enforce the "use it or lose it" policy to prevent mining companies and individuals from holding cl...Published: 02 Nov 2024 at 08:35hrs | 178 | by Staff reporter
Zanu-PF pushes for accelerated de-dolarisation
The ruling Zanu-PF party has resolved to accelerate Zimbabwe's de-dollarisation process and strengthen the Zimbabwe Gold Currency (ZiG) as the country's sole legal tender. This decision was among key ...Published: 29 Oct 2024 at 13:50hrs | 3916 | by Staff reporter
Devaluation fails to halt ZiG free-fall
Zimbabwe's new local currency, the Zimbabwe Gold (ZiG), has taken another hit, losing an additional 11% of its value in under a month following a substantial 43% "devaluation" announced by monetary au...Published: 29 Oct 2024 at 13:49hrs | 4487 | by Staff reporter
US Ambassador agrees that Zimbabwe was under sanctions
In a recently published op-ed, US Ambassador to Zimbabwe, Pamela M. Tremont, provided clarity on the sanctions imposed on Zimbabwe, emphasizing the limited scope and specific targets of these measures...Published: 25 Oct 2024 at 12:54hrs | 600 | by Ambassador Pamela M. Tremont
Zimbabwe targets 7 sectors for import substitution
In a bid to reduce reliance on imports and boost local industry, Zimbabwe has identified seven key sectors for import substitution.The country's short-term manufacturing blueprint, the Zimbabw...Published: 24 Oct 2024 at 12:51hrs | 731 | by Staff reporter
Jamboo joins Crowdcube in groundbreaking fundraising campaign
Fintech company Jamboo has embarked on an exciting new chapter, launching its fundraising campaign on Crowdcube, the UK's largest crowdfunding platform. Jamboo, co-founded by Zimbabwean entrep...Published: 23 Oct 2024 at 20:23hrs | 180 | by Agencies
Zimbabwe attracts US$1.2 billion in investments in Q3 of 2024
Zimbabwe attracted investments worth US$1.2 billion during the third quarter of 2024, with 168 new licences issued to investors by the Zimbabwe Investment and Development Agency (ZIDA), according to a...Published: 23 Oct 2024 at 07:45hrs | 112 | 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 | 1782 | by Staff reporter
The sanctions lie: How Zimbabwe's ruling elite is misleading the nation
As Zimbabwe moves towards the so-called "SADC Anti-Sanctions Day" on the 25th of October, the need arises again to unpack the shameful lies spread by the ruling establishment about these measures....Published: 20 Oct 2024 at 16:57hrs | 527 | by Tendai Ruben Mbofana
Zimbabwe army faces scrutiny over unlawful gold mining operations
Rusununguko/Nkululeko Holdings (Pvt) Ltd, a company owned by the Zimbabwe Defence Forces (ZDF), is allegedly conducting an unauthorized alluvial gold mining operation in Allied Timbers' Tarka Forest, ...Published: 20 Oct 2024 at 12:23hrs | 396 | by Staff reporter
BCC considers introduction of Tradable Municipal Bonds
The City of Bulawayo is exploring new ways to finance its critical infrastructure projects through a joint proposal from Financial Services Exchange (Private) Limited and Nedbank. The proposal aims to...Published: 20 Oct 2024 at 12:16hrs | 114 | by Staff reporter
French investors eye Zimbabwe rail project what is the risk of sanctions
A high-profile delegation from 20 leading French companies, led by France's Ambassador to Zimbabwe, Paul-Bertrand Barets, met President Emmerson Mnangagwa at State House in Harare yesterday, reaffirmi...Published: 20 Oct 2024 at 12:15hrs | 312 | by Staff reporter
Mnangagwa caps 2,394 graduands in Bindura
President Emmerson Mnangagwa, Chancellor of all state universities, presided over Bindura University of Science Education's (BUSE) 23rd graduation ceremony yesterday, capping a total of 2,394 graduate...Published: 19 Oct 2024 at 12:05hrs | 85 | by Staff reporter
Selling fuel in Zimbabwe's local currency will stabilising the ZiG
In a pivotal announcement, Zimbabwe's Finance Minister Mthuli Ncube declared that all taxes and fees should now be paid in the Zimbabwe Gold (ZiG) currency. This move is part of a broader strategy to ...Published: 17 Oct 2024 at 16:44hrs | 3240 | by Engineer Jacob Kudzayi Mutisi
Selling Fuel in Zimbabwe's Local Currency will Stabilising the ZiG
In a pivotal announcement, Zimbabwe's Finance Minister Mthuli Ncube declared that all taxes and fees should now be paid in the Zimbabwe Gold (ZiG) currency. This move is part of a broader strategy to ...Published: 17 Oct 2024 at 12:32hrs | 6181 | by Engineer Jacob Kudzayi Mutisi
Chiwenga Calls for Indian Investment
Zimbabwe's Vice President, General (Retired) Constantino G. D. N. Chiwenga, has invited potential Indian investors to capitalize on the strong bilateral r...Published: 17 Oct 2024 at 07:20hrs | 357 | by Gideon Madzikatidze and Simbarashe Sithole
25MW solar plant goes live in Zimbabwe
Centragrid's solar power plant in Nyabira has completed its expansion and has officially begun commercial production. The plant, one of Zimbabwe's pioneering independent power producers (IPPs), has se...Published: 15 Oct 2024 at 14:18hrs | 8432 | 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 | 442 | by Staff reporter
Zim-India bilateral cooperation deepens; as WTSA preps gains momentum
Zimbabwe and India are set to deepen their bilateral cooperation in the fields of healthcare and pharmaceutical, with the former (Zimbabwe) inviting and encourages Indian investors to set up related m...Published: 11 Oct 2024 at 20:54hrs | 218 | by Gideon Madzikatidze/Simbarashe Sithole
Zimbabwe government's continued web of lies on ZiG gold-backing exposed!
Yesterday's statement, in a ZBC interview, by Reserve Bank of Zimbabwe Governor John Mushayavanhu has sparked confusion regarding the country's new currency, the Zimbabwean Gold (ZiG). The gov...Published: 11 Oct 2024 at 08:32hrs | 2289 | by Tendai Ruben Mbofana
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 | 184 | by Staff reporter
Chinese mining giant invests US$3.6 bn in Beitbridge venture
A groundbreaking US$3.6 billion energy industrial park is set to transform Beitbridge following a collaboration between the Government of Zimbabwe, Chinese mining firm Palm River Energy, and the Metal...Published: 07 Oct 2024 at 07:56hrs | 1305 | by Staff reporter
Mutapa assets valued at US$16bn
A comprehensive valuation of companies under the Mutapa Investment Fund (MIF), carried out by prominent local and international accounting firms over the past five months, has placed the total value o...Published: 06 Oct 2024 at 10:02hrs | 216 | by Staff reporter
Dexter Nduna warned by City of Harare
The City of Harare has issued a stern warning to former Zanu PF MP Dexter Nduna, stating that he has no legal authority to unclamp vehicles targeted for enforcement by City Parking. This response foll...Published: 05 Oct 2024 at 15:18hrs | 3396 | by Staff reporter
Mnangagwa's SONA lacks solutions
President Emmerson Mnangagwa's recent State of the Nation Address (Sona) has faced sharp criticism for failing to address Zimbabwe's pressing crises, leaving many feeling uninspired and disillusioned....Published: 04 Oct 2024 at 08:48hrs | 299 | by Staff reporter
Chinese company to set up cement factory in Bulawayo
The Bulawayo City Council has granted approval to Chinese company Labenmon Private Limited to establish a cement grinding facility at Umvumila Industrial Park, located near the United College of Educa...Published: 03 Oct 2024 at 17:36hrs | 965 | by Staff reporter
Declining state of Bulawayo worries residents
Bulawayo residents have lamented the decline in the status of the city, once an industrial powerhouse and considered the smartest in the country. They attribute this decline to poor governance and an ...Published: 03 Oct 2024 at 10:58hrs | 565 | by Stephen Jakes
Mnangagwa frets over resurgent black market
In his State of the Nation Address (SONA) delivered during the official opening of the second session of the 10th Parliament in Mt Hampden, President Emmerson Mnangagwa expressed deep concern over the...Published: 03 Oct 2024 at 08:58hrs | 574 | by Staff reporter
Zimbabwe bankers warn of price increases
Bankers in Zimbabwe are raising alarms about potential price increases and shortages of basic commodities following the recent devaluation of the Zimbabwe Gold (ZiG) by over 40% by the Reserve Bank of...Published: 03 Oct 2024 at 08:56hrs | 299 | by Staff reporter
Foreign mining companies should follow Zimbabwe laws
Foreign mining companies must ensure their operations in Zimbabwe benefit indigenous citizens, who are the rightful owners of the country's natural resources. This was the message from Remigious Matan...Published: 03 Oct 2024 at 08:40hrs | 133 | by Staff reporter
7 big global companies dump South Africa
Many large global companies, including Shell, HSBC, PNB Paribas, Rolex, AngloGold Ashanti, TotalEnergies, and BP's Aviation Fuel Business, are dumping South Africa.Last week, HSBC announced th...Published: 02 Oct 2024 at 12:35hrs | 1185 | by Staff reporter
Chinese company to build lithium refinery plant in Zimbabwe
Sinomine Resource Group Co.'s Zimbabwean unit plans to build a $500 million lithium refinery in the next 3-5 years, even as the company currently loses money due to weak metal prices."We have ...Published: 01 Oct 2024 at 15:34hrs | 1889 | by Staff reporter
BCC denounces Dexter Nduna's bid to seize parking management in Bulawayo: A threat to local jobs and progress
Bulawayo - The City of Bulawayo is once again under threat, not by external forces, but by a political figure intent on sabotaging the livelihoods of its young citizens. Dexter Nduna, a notorious ZANU...Published: 30 Sep 2024 at 14:28hrs | 6128 | by Mandla Ndlovu
Anti-Chinese investors Maguwu releases a damning report
The relationship between Chinese-owned extractive companies and local communities in Zimbabwe has deteriorated, marked by growing mistrust, suspicion, and a series of reported abuses. A recent report ...Published: 30 Sep 2024 at 07:55hrs | 903 | by Staff reporter
Zanu-PF, opposition and the road to 2028
Zanu-PF's internal power dynamics regarding President Emmerson Mnangagwa's tenure beyond the constitutionally mandated two terms ending in 2028 and the state of the currently fractured opposition....Published: 29 Sep 2024 at 11:32hrs | 240 | by Zimbabwe Democracy Institute
Affordable apartment options in Dubai for Zimbabwean Investors
The Dubai real estate market offers a great chance for Zimbabwean investors looking for reasonably priced apartment choices since it continues to grow and thrive. The most recent figures from Bayut's ...Published: 28 Sep 2024 at 20:02hrs | 424 | by Staff Reporter
Why does Zimbabwe attract rogue Chinese investors?
Last night, I had the honor of being one of those invited for the launch of a report, in Harare, by the Center for Natural Resource Governance (CNRG) titled, 'Chinese Investments in Zimbabwe'....Published: 27 Sep 2024 at 22:57hrs | 4972 | by Tendai Ruben Mbofana
An Open Letter to Finance Minister Mthuli Ncube
Dear Finance Minister Mthuli Ncube,As you navigate the complexities of Zimbabwe's economic landscape, a pressing matter deserves your urgent attention: the persistent depreciation of the Zimba...Published: 27 Sep 2024 at 22:51hrs | 840 | by Engineer Jacob Kudzayi Mutisi
China mining firms partner with Zimbabwe on lithium mine
Chinese miners Zhejiang Huayou Cobalt Co. and Tsingshan Holding Group Co. are defying low lithium prices to develop a deposit of the battery metal with a Zimbabwean state company.The two firms...Published: 26 Sep 2024 at 13:56hrs | 242 | by Staff reporter
ZSE outshines VFEX in wealth creation
The Zimbabwe Stock Exchange (ZSE) has emerged as the preferred investment destination for those seeking wealth creation, surpassing the foreign currency-denominated Victoria Falls Stock Exchange (VFEX...Published: 26 Sep 2024 at 13:37hrs | 61 | by Staff reporter
Zimbabwe's first indigenous pilot training academy opens
Central Air Transport Services (CATS), a private charter company operating from Charles Prince Airport in Harare and Victoria Falls International Airport, has made history by opening Zimbabwe's first ...Published: 26 Sep 2024 at 09:45hrs | 116 | by Staff reporter
The Zimbabwe Property Expo 2024 - Excitement is Building!
We're thrilled to announce that the Zimbabwe Property Expo 2024 is just around the corner, and we can't wait to welcome you to this one-of-a-kind event at Celebration Centre, Harare, on the 4th and 5t...Published: 26 Sep 2024 at 08:27hrs | 126 | by Agencies
Overview of Popular Crypto Trading Platforms
Crypto Trading Platforms Over the past ten years, cryptocurrency trading has become somewhat popular since many platforms have developed to serve trader...Published: 25 Sep 2024 at 17:05hrs | 223 | by Staff Reporter
Bulawayo leads other provinces in Zimbabwe on the export market
Zimbabwe's second-largest city, is leading the country in export volumes, but there is a growing need for more export incentives to help the city unlock its full potential, according to industry exper...Published: 20 Sep 2024 at 11:54hrs | 4335 | by Staff reporter
Mafia Tactics? Chinese family hounded by convicted Italian mafia boss as deportation mystery deepens
In a chilling escalation of legal and criminal misconduct, convicted Italian mafia boss Francesco Marconati has become the focal point of an international...Published: 19 Sep 2024 at 18:37hrs | 1413 | by Staff Reporter
Zimbabwean exporters granted duty-free access to UK markets
Zimbabwean exporters have been encouraged to explore new markets and boost exports through the United Kingdom's Eastern and Southern Africa Economic Partnership Agreement (UK ESA EPA), which offers si...Published: 16 Sep 2024 at 13:36hrs | 474 | by Staff reporter
Busisa Moyo to grace UK-Zimbabwe Business Expo
Zimbabwe Investment and Development Agency (ZIDA) Chairman, Mr. Busisa Moyo, will leverage the upcoming UK-Zimbabwe Business Expo to showcase the extensive investment opportunities available in Zimbab...Published: 11 Sep 2024 at 08:43hrs | 110 | by Staff reporter
Sweden, South Africa impressed by Zim tourism surge
Zimbabwe has gradually witnessed a surge in the tourism and hospitality sectors over yesteryears, with several tourists coming from South Africa and Sweden expressed their commitment to embark on a ma...Published: 10 Sep 2024 at 08:02hrs | 1312 | by ideon Madzikatidze in Gonarezhou, Chiredzi
Chinese investors elbow out local chrome miners
An investigation has revealed that the Zimbabwe Mining and Alloy Smelting Company (Zimasco) has replaced around 150 small-scale chrome miners with Chinese investors, raising concerns about discriminat...Published: 10 Sep 2024 at 07:27hrs | 205 | by Staff reporter
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