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UK overtakes China as second-largest US Treasury holder
China's recorded holdings of US Treasuries have fallen below those of the UK for the first time since the start of the century, underlining a shift in Beijing's management of its foreign reserves....Published: 11 hrs ago | 176 | by Staff reporter
Meikles's debt to suppliers raises fresh concerns
Meikles Limited's trade payables more than doubled to ZiG925,78 million in its financial year ended February 28, 2025, sparking fears of deepening debt pressures within Zimbabwe's formal retail sector...Published: 18 hrs ago | 267 | by Staff reporter
Is this health justice or state overreach?
In the swiftly evolving drama of Zimbabwean healthcare, a new bill in Parliament has stirred both hope and alarm. The Medical Services Amendment Bill, championed by Justice and Parliamentary Affairs M...Published: 19 Jul 2025 at 09:10hrs | 1303 | by Kumbirai Thierry Nhamo
Plumtree rolls out prepaid water meters
The Plumtree Town Council has announced plans to introduce prepaid water meters, a move that has sparked outrage among residents who argue the system threatens their right to water and risks deepening...Published: 18 Jul 2025 at 08:31hrs | 54 | by Staff reporter
Zimbabwe govt warns Chinese firms over illicit deals
The Office of the President and Cabinet (OPC) has issued a sharp and public rebuke to Chinese businesses operating in Zimbabwe, warning them to immediately halt illicit financial activities, environme...Published: 16 Jul 2025 at 07:41hrs | 514 | by Staff reporter
Zimbabwe gold makes currency history
Welcome Mavingire, managing consultant at INTELLEGO Investment Consultants, has hailed the Zimbabwe Gold (ZiG) currency's recent stability as the longest sustained period for a domestic currency in th...Published: 14 Jul 2025 at 08:10hrs | 726 | by Staff reporter
RBZ disburses ZiG350 million to key sectors
The RBZ announced it has disbursed ZiG350 million under its Targeted Finance Facility (TFF) to support key sectors of the economy, primarily manufac...Published: 14 Jul 2025 at 07:54hrs | 223 | by Staff reporter
Zimbabwe asset managers shift away from equities
The Securities and Exchange Commission of Zimbabwe (SecZim) has called on the Zimbabwe Stock Exchange (ZSE) to urgently work on recovering lost market share, amid revelations that local asset managers...Published: 11 Jul 2025 at 09:15hrs | 516 | by Staff reporter
Zimbabwe central bank reports drop in inflation
The Reserve Bank of Zimbabwe (RBZ) has expressed cautious optimism about the country's economic trajectory, citing encouraging signs in inflation control, exchange rate stability, and foreign currency...Published: 10 Jul 2025 at 10:11hrs | 179 | 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 | 309 | by Staff reporter
Zimbabwe's foreign currency reserves surge
Zimbabwe's foreign currency reserves have maintained strong momentum, with the Reserve Bank of Zimbabwe (RBZ) reporting that, by the end of June 2025, the reserve holdings were more than three times h...Published: 10 Jul 2025 at 08:56hrs | 128 | by Staff reporter
Popular liquor chain closure linked to Zanu-PF wars
The Zimbabwe Revenue Authority (Zimra) has declined to comment on the abrupt closure of a popular liquor retail chain in Harare owned by a senior Zanu-PF youth leader, sparking a flurry of speculation...Published: 10 Jul 2025 at 08:48hrs | 339 | by Staff reporter
ZNCC urges RBZ to cut policy rate to 20%
The Zimbabwe National Chamber of Commerce (ZNCC) has urged the Reserve Bank of Zimbabwe (RBZ) to lower its bank policy rate from the current 35% to 20% in an effort to ease growing credit constraints ...Published: 08 Jul 2025 at 12:12hrs | 214 | 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 | 199 | by Staff reporter
Zimbabwean consumer sector poised for improvement
An uplift in volumes has been projected for Zimbabwean consumer companies despite rising cost structures, a volatile policy and monetary environment as well as higher taxation, say analysts at IH Secu...Published: 07 Jul 2025 at 08:57hrs | 120 | 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 | 1607 | by Staff reporter
Madhadha closure, Zanu PF Manicaland factional fights turns nasty
Zanu PF Manicaland factional wars have spilt into business, with companies owned by some members close to Sports Minister Anselem Sanyatwe being targeted over allegations of backing Vice-President Con...Published: 06 Jul 2025 at 17:18hrs | 1087 | by Staff Reporter
Zimbabwe govt owes SeedCo US$40m
Seed Co Limited is reeling from a severe liquidity crisis after the government, its biggest shareholder, failed to pay a staggering US$40 million for seed deliveries made over the past 18 months, the ...Published: 04 Jul 2025 at 12:38hrs | 201 | by Staff reporter
Zimbabwe's RBZ scraps heavy-handed forex controls
The Reserve Bank of Zimbabwe (RBZ) has officially abandoned its stringent enforcement of exchange rate controls, marking a significant policy shift aimed at fostering market stability, restoring busin...Published: 03 Jul 2025 at 12:32hrs | 1687 | 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
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 | 198 | by Staff reporter
Zimbabwe cannot fund large-scale projects without monetary autonomy
Zimbabwe's economic debate is often framed through the lens of inflation control, exchange rate stability, and the day-to-day functionality of the US dollar in domestic transactions.Yet, benea...Published: 01 Jul 2025 at 12:05hrs | 192 | by Brighton Musonza
RBZ's decision to halt gold coin sales has drawn warnings
The Reserve Bank of Zimbabwe (RBZ)'s decision to suspend the sale of gold coins has drawn warnings from an economic analyst, who says the move could expose the Zimbabwe Gold (ZWG) currency to inflatio...Published: 30 Jun 2025 at 09:15hrs | 2589 | by Staff reporter
Geo Pomona model to be forced on Bulawayo
The Government has announced that Bulawayo is set to become the next city to implement the Geo Pomona Waste Management model, as part of a nationwide strategy to modernise waste management and bolster...Published: 29 Jun 2025 at 11:09hrs | 377 | by Staff reporter
Zimbabwe banks process R6bn via regional payment systems
Zimbabwean banks processed transactions worth R6.09 billion (approximately US$339 million) through the Southern African Development Community Real-Time Gross Settlement System (SADC-RTGS) in 2024, mar...Published: 27 Jun 2025 at 18:32hrs | 279 | by Staff reporter
Zimbabwe central bank increases ZiG liquidity to ZWG2bn
The Reserve Bank of Zimbabwe (RBZ) has raised the daily Zimbabwe Gold (ZiG) liquidity in the market from ZWG1.5 billion to ZWG2 billion in a move aimed at easing concerns over currency shortages and b...Published: 27 Jun 2025 at 18:25hrs | 1506 | by Staff reporter
Zimbabwe's businesses sound alarm over volatile ZiG
Zimbabwe's business leaders have expressed deep concern over the persistent volatility of the Zimbabwe Gold (ZiG) currency, warning that ongoing instability is crippling industrial growth and eroding ...Published: 26 Jun 2025 at 11:21hrs | 1072 | by Staff reporter
Tagwirei breaks silence on Dema power plant tender
Zimbabwean multi-millionaire tycoon Kudakwashe Tagwirei has for the first time publicly explained how he secured the highly controversial tender to construct the ill-fated Dema Power Plant project in ...Published: 26 Jun 2025 at 09:27hrs | 8461 | by Staff reporter
Growth prospects shine in Zimbabwe's construction markets
Construction markets in Zimbabwe and South Africa are expected to maintain a strong growth trajectory, creating favorable conditions for companies like PPC to enhance their competitiveness against imp...Published: 26 Jun 2025 at 09:17hrs | 166 | by Staff reporter
Construction boom in Zimbabwe spurs growth for PPC
The construction sectors in Zimbabwe and South Africa are showing strong signs of sustained growth, creating favourable conditions for companies like Pretoria Portland Cement (PPC) to increase competi...Published: 25 Jun 2025 at 15:53hrs | 192 | 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
IMF says Zimbabwe's economy has made significant progress
The International Monetary Fund said Zimbabwe's economic progress represents a "regime change," but declined to say if or when the Washington-based lender would grant it a staff-monitored program....Published: 19 Jun 2025 at 17:06hrs | 908 | 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
Prophet Magaya faces estate liquidation
Prominent cleric and founder of Prophetic Healing and Deliverance (PHD) Ministries, Walter Magaya, is facing the possible liquidation of his estate after allegedly failing to settle a US$420,140...Published: 19 Jun 2025 at 07:04hrs | 340 | by Staff reporter
Zimbabwe Mercantile Exchange reports surge in grain demand
The Zimbabwe Mercantile Exchange (ZMX) has recorded a significant surge in demand for grain commodities during the trading week of June 9 to 13, highlighting a dynamic shift in the country's agricultu...Published: 17 Jun 2025 at 07:32hrs | 113 | by Staff reporter
Zimbabwe liquidates four failed banks
Four banks that collapsed between 2004 and 2008 have been officially liquidated, marking a significant milestone in Zimbabwe's financial sector. Hopewell Zinyau, Chief Executive Officer of the Deposit...Published: 16 Jun 2025 at 15:08hrs | 16663 | by Staff reporter
Zimbabwe govt squeezes miners for more forex
Zimbabwe's mining industry is facing increased strain as government departments intensify demands for miners to pay taxes and fees in foreign currency-on top of the mandatory 30% surrender of ex...Published: 16 Jun 2025 at 14:48hrs | 197 | by Staff reporter
Zimbabwe's cashless push stumbles
Zimbabwe's digital payments ecosystem experienced a notable contraction in the first quarter of 2025, with the total value of electronic transactions processed through national payment systems falling...Published: 16 Jun 2025 at 14:42hrs | 107 | by Staff reporter
US$5K fine for litter bugs
The City of Mutare is set to impose a hefty US$5,000 fine on anyone caught littering in undesignated areas, according to new by-laws currently being drafted by the local authority, The Manica Post has...Published: 13 Jun 2025 at 06:27hrs | 1080 | by Staff reporter
Zimbabwe names more illicit drinks
The Government has announced a sweeping ban on a range of dangerous alcoholic beverages through Statutory Instrument (S.I.) No. 62 of 2025, invoking the Harmful Liquids Act to combat the growing threa...Published: 13 Jun 2025 at 06:24hrs | 1342 | by Staff reporter
Zimbabwe central bank raises ZWG$5.9 billion via treasury bills
The Reserve Bank of Zimbabwe (RBZ) has raised ZWG$5.9 billion through Treasury Bill (TB) issuances and private placements in 2024, as the government intensifies its domestic borrowing to fund operatio...Published: 12 Jun 2025 at 19:00hrs | 192 | by Staff reporter
ZiG ranked second worst performing currency
In a stark contrast of fortunes, Ghana's Cedi has emerged as the world's strongest-performing currency in 2025, gaining nearly 50% against the United States dollar, while Zimbabwe's Zimbabwe Gol...Published: 11 Jun 2025 at 11:26hrs | 1054 | by Staff reporyter
Mnangagwa meets IMF delegation amid worsening economic crisis
President Emmerson Mnangagwa yesterday held a high-level meeting with an International Monetary Fund (IMF) delegation currently in Zimbabwe for an Article IV Consultation, as the country grapples with...Published: 10 Jun 2025 at 10:10hrs | 978 | by Staff reporter
Zimbabwe bans ethanol-laced alcohol
The Zimbabwean government has officially outlawed the manufacture, sale, and consumption of ethanol-laced alcoholic substances commonly known as "kambwa" or "musombodhiya," as part of its ongoing effo...Published: 09 Jun 2025 at 08:35hrs | 346 | by Staff reporter
Toddler dies after falling into dish of hot porridge
A heartbreaking tragedy has struck a family in Nzovunde Village, Binga District, after a two-year-old child died from severe burns sustained when the toddler fell into a container of boiling porridge....Published: 06 Jun 2025 at 14:20hrs | 302 | by Staff reporter
Silent jobs massacre sweeps through Zimbabwe
A silent but brutal jobs massacre is sweeping across Zimbabwe's construction industry, as companies contracted by the government for key infrastructure projects plunge into financial turmoil due to ch...Published: 06 Jun 2025 at 12:04hrs | 261 | by Staff reporter
'Tsholotsho Gold Project has 1 million gold ounces potential'
United Kingdom-based mining company Ariana Resources Plc has announced that its flagship Dokwe Gold Project in Zimbabwe has the potential to yield more than one million ounces of gold, reinforcing inv...Published: 02 Jun 2025 at 18:40hrs | 661 | by Staff reporter
Khayah Cement delists from Zimbabwe Stock Exchange
The Zimbabwe Stock Exchange (ZSE) has officially announced the voluntary termination of listing for Khayah Cement Limited, effective May 22, 2025, following the company's decision to enter corporate r...Published: 02 Jun 2025 at 16:27hrs | 202 | by Staff reporter
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