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RBZ defends exchange rate system
Reserve Bank of Zimbabwe (RBZ) Deputy Governor Dr Innocent Matshe has dismissed claims that the central bank is manipulating the foreign exchange market, insisting that the willing-buyer willing-selle...Published: 6 hrs ago | 439 | by Staff reporter
Stanbic Bank reports strong half-year 2025 profit after tax of ZWG682.2 million
Stanbic Bank Zimbabwe achieved a profit after tax of ZWG682.2 million for the half-year ended 30 June 2025, demonstrating robust growth and resilience in a challenging operating environment.Th...Published: 01 Sep 2025 at 15:00hrs | 100 | by Staff Reporter
Boom in gated communities reshaping Zimbabwe's urban living
Zimbabwe is witnessing a surge in the development of gated communities, fuelled by growing demand for security, privacy and exclusivity among middle- to high-income earners.These communities, ...Published: 29 Aug 2025 at 05:56hrs | 746 | by Staff reporter
CZI pushes for Milei-style deregulation in Zimbabwe
The Confederation of Zimbabwe Industries (CZI) has urged government to adopt a bold deregulation model inspired by Argentine President Javier Milei, calling for the elimination or amendment of at leas...Published: 29 Aug 2025 at 05:48hrs | 111 | by Staff reporter
Business leaders demand crisis talks with Mnangagwa
Zimbabwe's business leaders are pressing for an urgent meeting with President Emmerson Mnangagwa, warning that unresolved economic challenges require his direct intervention as ministries and regulato...Published: 28 Aug 2025 at 06:55hrs | 1061 | by Staff reporter
Inflation slowdown boosts confidence in ZiG stability
Zimbabwe recorded a marked slowdown in price growth in August, strengthening government claims that currency reforms are beginning to stabilise the economy, despite year-on-year inflation remaining hi...Published: 28 Aug 2025 at 06:54hrs | 263 | by Staff reporter
Court halts RioZim's asset sales
The High Court has granted an urgent interdict to the Zimbabwe Diamond & Allied Minerals Workers' Union (ZDAMWU), barring RioZim Limited from disposing of its mining assets while corporate rescue ...Published: 27 Aug 2025 at 06:04hrs | 354 | by Staff reporter
Top Zimbabwe business executive arrested for fraud
Prominent corporate executive Never Mhlanga is expected to appear in court this morning facing fraud charges linked to the controversial sale of Montclair Hotel and Casino in Juliasdale, Nyanga, to th...Published: 26 Aug 2025 at 13:09hrs | 2912 | by Staff reporter
Harare suburban office rentals surge
Rental rates for office space in Harare's suburbs have jumped by 20% over the past year, as corporates accelerate their decade-long migration from the city's central business district (CBD), a new rep...Published: 23 Aug 2025 at 18:04hrs | 461 | by Staff reporter
Zimbabwe's 2008 financial crash continues to haunt regulators
More than 15 years after Zimbabwe's 2008 financial collapse, the country's financial sector is once again under scrutiny as an estate developer has taken legal action against the Reserve Bank of Zimba...Published: 22 Aug 2025 at 13:20hrs | 266 | by Staff reporter
How to tell if you are financially ready for franchise ownership
Franchise ownership can be an exciting way to step into entrepreneurship with the support of an established brand. Unlike starting a business from scratch, franchises offer proven systems, training, a...Published: 22 Aug 2025 at 12:56hrs | 119 | by Staff Reporter
Are Zimbabwe economic growth rates real?
Every year, the Zimbabwean government and multilateral financial institutions project that the economy will grow by huge margins, yet the current economic situation does not meaningfully change, and i...Published: 21 Aug 2025 at 13:08hrs | 291 | by Delani Mangena
Zimbabwe trials Czech fuel additive
The National University of Science and Technology (Nust) has begun testing a revolutionary fuel additive from the Czech Republic in a bid to cut fuel consumption and harmful emissions.The addi...Published: 21 Aug 2025 at 08:57hrs | 407 | by Staff reporter
SAPS seizes 40,000 litres of ethanol bound for Zimbabwe
The South African Revenue Service (SARS) has intercepted a tanker carrying 40 000 litres of ethanol, valued at an estimated R11 million, suspected to be destined for Zimbabwe's illegal liquor market....Published: 20 Aug 2025 at 09:38hrs | 455 | by Staff reporter
ZWG acceptance still a challenge says Hippo Valley
Hippo Valley Estates Limited (HVEL), one of Zimbabwe's sugar producers, has raised concern over the continued rejection of the Zimbabwe Gold (ZWG) currency in the market despite relative exchange rate...Published: 19 Aug 2025 at 09:05hrs | 275 | by Staff reporter
Massive US$100,000 fines for Zimbabwe forex offenders
The Reserve Bank of Zimbabwe (RBZ) has introduced heavy fines and tougher enforcement measures against individuals, companies, and financial institutions caught breaking exchange control regulations....Published: 16 Aug 2025 at 13:13hrs | 478 | by Staff reporter
Zimbabwe insurers urged to adapt or perish
The Insurance and Pensions Commission (Ipec) has called on Zimbabwean insurers to adapt to digital transformation while expanding into untapped sectors to boost resilience and competitiveness....Published: 15 Aug 2025 at 08:57hrs | 277 | by Staff reporter
Beverage makers say 35% RBZ rate hampers growth
Zimbabwe's beverage industry has raised concerns over the Reserve Bank of Zimbabwe's (RBZ) decision to maintain the bank policy rate at 35% per annum, saying the high interest rate is constraining gro...Published: 14 Aug 2025 at 10:41hrs | 132 | by Staff reporter
How forex brokers make money - and what that means for your trades
Most know that it is best to choose brokers licensed by authorities like FCA (UK), ASIC (Australia), or CFTC (US) for greater transparency. When people choose a broker, they concentrate on the conditi...Published: 13 Aug 2025 at 18:38hrs | 274 | by Staff Reporter
Zera announces drop in LPG prices
THE Zimbabwe Energy Regulatory Authority (Zera) has announced a reduction in Liquefied Petroleum Gas (LPG) prices in both US dollars and local currency for August 2025.In its latest update, Ze...Published: 13 Aug 2025 at 12:10hrs | 190 | by Staff reporter
Zimbabwe banks show strong capital buffers
Most Zimbabwean banking institutions have exceeded minimum regulatory capital requirements, signalling stability, resilience, and soundness in the country's financial system, the latest Reserve Bank o...Published: 13 Aug 2025 at 09:08hrs | 211 | by Staff reporter
How to build a safety net fund without feeling overwhelmed
In today's unpredictable financial climate, constructing a safety net fund is crucial to maintaining peace of mind. Many people find themselves turning to options like a ...Published: 12 Aug 2025 at 20:53hrs | 219 | by Staff Reporter
Lesetja Kganyago has intentionally destroyed black businesses
In a blistering and unfiltered critique, Khandani Msibi, Group CEO of NUMSA Investment Company and 3Sixty Global Solutions Group, has accused South African financial regulators of systematically targe...Published: 10 Aug 2025 at 16:17hrs | 731 | by Staff reporter
ZBC licence Inspector loses cash in office break-In
A Zimbabwe Broadcasting Corporation (ZBC) licence inspector lost more than US$7,000 to thieves who broke into his office over the weekend.The inspector, identified as 30-year-old Tinashe Musho...Published: 06 Aug 2025 at 09:06hrs | 395 | by Staff reporter
FBC sees cautious recovery in Zimbabwe
Financial services firm FBC Securities says Zimbabwe's 2025 Mid-Year Budget and Economic Review points to a cautiously optimistic recovery trajectory, although tight fiscal and monetary conditions cou...Published: 05 Aug 2025 at 14:38hrs | 234 | by Staff reporter
Zimbabwe retailers bank on 6% economic growth
The Confederation of Zimbabwe Retailers (CZR) says it expects consumer spending to rise this year, buoyed by the government's projected 6% economic growth, despite continued pressure on household inco...Published: 05 Aug 2025 at 08:53hrs | 63 | by Staff reporter
Manyere, Nyengedza at centre of SA company collapse
Two prominent Zimbabwean businessmen, George Manyere and Godwin Nyengedza, are at the heart of the dramatic collapse of Afristrat Investment Holdings - a South African financial services firm formerly...Published: 04 Aug 2025 at 17:15hrs | 519 | by Staff reporter
Zimbabwe's manufacturing growth target missed
The Zimbabwe National Industrial Development Policy (ZNIDP) 1, aimed at growing the manufacturing sector by at least 2% annually, has failed to meet its target due to ongoing macroeconomic instability...Published: 04 Aug 2025 at 08:53hrs | 114 | by Staff reporter
Zimbabwe Govt Pension Fund acquires Monomotapa Hotel
Zimbabwe's largest hospitality group, African Sun Limited (ASL), has agreed to sell the historic Monomotapa Crowne Plaza Hotel and its adjacent car park to the Public Service Pension Fund in a deal va...Published: 03 Aug 2025 at 12:18hrs | 475 | by Staff reporter
Uproar over controversial NSSA boss appointment
The government has ignited a fresh storm at the National Social Security Authority (Nssa) after bypassing two top-performing candidates for the position of general manager (GM) and appointing a lower-...Published: 01 Aug 2025 at 08:37hrs | 920 | by Staff reporter
Zimbabwe's rebasing pushes GDP to US$45,7bn
The government's recent rebasing of Zimbabwe's economy has lifted its gross domestic product (GDP) valuation to US$45,7 billion and gross national income (GNI) per capita above US$3 000 - even as ...Published: 01 Aug 2025 at 08:27hrs | 280 | by Staff reporter
Dairibord warns of rising costs
Dairibord Holdings Limited, one of Zimbabwe's largest publicly listed milk processors, has sounded the alarm over a tough operating environment that has driven up costs, squeezed margins, and weighed ...Published: 31 Jul 2025 at 12:54hrs | 224 | by Staff reporter
RBZ warns against price instability
The Reserve Bank of Zimbabwe (RBZ) has issued a cautionary note on the dangers posed by exchange rate volatility, stressing that fluctuations in the value of the local currency could severely undermin...Published: 31 Jul 2025 at 08:19hrs | 248 | by Staff reporter
Student drugged, raped after fleeing from mum
A 14-YEAR-OLD student was raped after she had fled from her mother who wanted to punish her for assaulting her classmate.The student learnt that her mother wanted to punish her for a brawl wit...Published: 30 Jul 2025 at 09:57hrs | 832 | by Staff reporter
PPC unveils 30MW solar energy project in Zimbabwe
South African cement manufacturer PPC Limited has announced it is developing a 30 megawatt (MW) solar energy programme in Zimbabwe, aimed at reducing operational costs and lessening dependence on the ...Published: 28 Jul 2025 at 08:55hrs | 351 | by Staff reporter
IMF sees signs of recovery in Zimbabwe
Zimbabwe is showing early signs of economic recovery and macroeconomic stabilization, buoyed by recent policy reforms and improved fiscal management, according to the International Monetary Fund (IMF)...Published: 24 Jul 2025 at 16:53hrs | 827 | by Staff reporter
Medical sector warned against illegal disposal of medical waste in Bulawayo
The medical sector in Zimbabwe could soon face legal action following reports of illegal disposal of hazardous medical waste at Bulawayo City Council's Richmond landfill site.Shocking revelati...Published: 24 Jul 2025 at 09:23hrs | 90 | by Staff reporter
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: 21 Jul 2025 at 19:41hrs | 344 | 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: 21 Jul 2025 at 12:34hrs | 481 | 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 | 1332 | 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 | 63 | 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 | 538 | 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 | 734 | 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 | 225 | 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 | 520 | 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 | 181 | 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 | 253 | 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 | 317 | 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 | 132 | 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 | 342 | by Staff reporter
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