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ZIDA records surge in investment licences
The Zimbabwe Investment and Development Agency (ZIDA) has reported a record-breaking increase in new investment licences in 2024, reflecting what officials describe as growing investor confidence in t...Published: 25 Jul 2025 at 09:42hrs | 78 | by Staff reporter
US$15m mine to open in Mutawatawa
The construction of Zim Win Mine in Mutawatawa, Uzumba-Maramba-Pfungwe (UMP) district, is nearing completion, marking a significant step forward in Zimbabwe's rural industrialisation agenda.Of...Published: 24 Jun 2025 at 10:22hrs | 185 | by Staff reporter
Zimbabwe eyes tighter gambling rules
The Lotteries and Gaming Board (LGB) has announced plans to tighten regulatory controls over Zimbabwe's gambling industry following rising concerns about illegal gambling operations, financial crimes,...Published: 26 May 2025 at 08:11hrs | 61 | by Staff reporter
Sunway City targets 70% growth in five years
Sunway City, one of Zimbabwe's flagship special economic zones (SEZs) and a major smart city development project, is aiming to reach at least 70 percent completion within the next five years as part o...Published: 11 May 2025 at 21:57hrs | 859 | by Staff reporter
Zimbabweans rush into property
Zimbabweans are snapping up properties as a safe-haven against currency uncertainty and the frequent economic policy U-turns that have scared off investors, at a time when a popular hedge - the countr...Published: 11 May 2025 at 16:38hrs | 1690 | by Staff reporter
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 | 8536 | by Staff reporter
Zimbabwe demands major reductions on $19.2bn debt
Zimbabwe has asked its creditors for significant debt reductions on its $19.2 billion internal and external debt, Bloomberg reported on May 30, citing Finance Minister Mthuli Ncube."We will be...Published: 03 Jun 2024 at 09:07hrs | | by Staff reporter
Investor pours US$44m into steel plant
Local investor BER–Pig Iron and Steel Company (BPISC) has committed US$43.8 million to establish an iron ore processing plant in Redcliff, Midlands province. This initiative will be operated under a...Published: 20 May 2024 at 07:48hrs | 70 | by Staff reporter
Go Beer to reopen in 8 months
GWERU mayor Martin Chivhoko has announced that the local authority's beer concern, Go Beer will commence production in November this year.Chivhoko said a memorandum of agreement had been signe...Published: 07 Mar 2024 at 05:09hrs | 8 | by Staff reporter
Africa's biggest challenge is getting an honest workforce
I used to criticise African companies like Dangote Group who hire so many Indians while there are many unemployed Africans, but now I understand their painful decision.The biggest challenge in...Published: 06 Mar 2024 at 20:14hrs | 4 | by Karim KONE
Biti to be sentenced today
FORMER Finance minister Tendai Biti was yesterday found guilty of verbally assaulting a local investor Tatiana Aleshina after a full trial.Biti, who was being represented by Alec Muchadehama, ...Published: 27 Feb 2024 at 04:38hrs | 4 | by Staff reporter
Lake Mutirikwi hydro power project 75% complete
Construction of the US$14,5 million mini-hydro power plant at Lake Mutirikwi Dam in Masvingo by Great Zimbabwe Hydro Power Company is now in the home stretch with the 5-megawatt station set for commis...Published: 31 Jan 2024 at 04:48hrs | 5 | by Staff reporter
Foreign investors ditch Zimbabwe capital markets
FOREIGN investors continue to lower their interest on the local capital markets, with investor participation on annual value traded averaging 3%, due to policy inconsistency and inflation, leading res...Published: 30 Jan 2024 at 07:47hrs | 2 | by Staff reporter
Insiza tourist attractions set for upgrade
NESTLED on the picturesque landscapes and rich mineral deposits of Matebeleland South, Insiza District will soon be etched as one of the country's most sought-after tourist hubs as envisioned by the l...Published: 10 Jan 2024 at 05:41hrs | 19 | by Staff reporter
Ncube budget proves, once again, 'nation can tax itself into prosperity' by taxing poor to spare the rich
"I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle," said Si...Published: 02 Dec 2023 at 08:44hrs | 12 | by Wilbert Mukori
CDC seeks owners of unclaimed ZSE shares
Chengetedzai Depository Company (CDC) says it is seeking to identify the owners of millions of dollars worth of unclaimed shares held in its Central Securities Depository (CSD).CDC is a digita...Published: 26 Jul 2023 at 06:36hrs | | by Staff reporter
Zimbabwe targets US$60b worth of investment
The Zimbabwe Investment and Development Agency (Zida) is looking for more than US$60 billion worth of investment into various sectors of the country's economy, including infrastructure development....Published: 09 Jul 2023 at 10:38hrs | 14 | by Staff reporter
Shelf occupancy of locally manufactured goods rises to 80%
SHELF occupancy of locally manufactured goods has increased to 80 percent, a development which is set to continue bolstering Zimbabwe's comparative, competitive and adaptability advantages to move the...Published: 02 May 2023 at 08:58hrs | 12 | by Staff reporter
Mnangagwa's latest revised plan: 'Nyika inovakwa inorakashwa ivenevayo imashefu namaChina!'
"Zimbabweans jam UK work visa applications" screamed the headline. 8 363 skilled and semi-skilled Zimbabweans were granted UK work permit in 2022 up from 499 in 2019. The truth is Zimbabweans have bee...Published: 27 Feb 2023 at 18:57hrs | 3 | by Nomusa Garikai
Zimbabwe's cyber city: Urban utopia or surveillance menace?
In a fertile stretch of fields and farms dubbed New Harare, Zimbabwe is building a high-tech "cyber city" a world away from the traffic-clogged streets and overcrowded slums of the country's nearby ca...Published: 25 Feb 2023 at 16:27hrs | 4 | by Staff reporter
Econet among Africa's top 250 companies
Econet Wireless Zimbabwe and EcoCash Holdings Zimbabwe Limited have been named among Africa's top 250 companies by the African Business magazine.Every Year the African Business top 2...Published: 17 Jan 2023 at 16:21hrs | 2 | by Staff reporter
'VFEX growth exceeds expectation'
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has lauded the rapid growth of the Victoria Falls Stock Exchange (VFEX), which witnessed the listing of the fifth counter, Nedbank Gr...Published: 28 Nov 2022 at 04:55hrs | 2 | by Staff reporter
Zimbabwe needs 450 megawatts of imports to fill energy gap: Magombo
GOVERNMENT says the country requires energy imports of between 200 megawatts (MW) and 450MW daily from regional utilities to meet its power deficit.Zimbabwe has been reeling under rolling powe...Published: 08 Nov 2022 at 05:09hrs | 1 | by Staff reporter
Mnangagwa says 'don't be left behind'
LOCAL investors should not be left behind Zimbabwe's economic drive, which is expected to put them at the forefront of the ongoing transformation, modernisation and industrialisation, President Emmers...Published: 26 Aug 2022 at 06:33hrs | 1 | by Staff reporter
Gold coins to be sold in Zimdollars
THE Reserve Bank of Zimbabwe (RBZ) says its planned gold coins, to be introduced as an alternative investment option and inflation hedge on July 25, will be traded in both Zimbabwe dollars and foreign...Published: 05 Jul 2022 at 07:03hrs | | by Staff reporter
RBZ gold coins to strengthen Zimdollar
The Reserve Bank of Zimbabwe (RBZ) last week, following a resolution agreed on by its Monetary Policy Committee (MPC), announced plans to introduce gold coins to be used as a new investment tool to st...Published: 04 Jul 2022 at 06:54hrs | | by Staff reporter
Investor sues PG, deputy
A LOCAL investor is suing the Prosecutor General Nelson Mutsonziwa and his deputy Michael Reza for causing his prosecution over what he believes is an unsubstantiated allegation.Joseph Richard...Published: 26 Apr 2022 at 08:21hrs | 60 | by Staff reporter
Mnangagwa blames whites for Ziscosteel collapse
PRESIDENT Emmerson Mnangagwa claims the demise of integrated steelworks company, Zimbabwe Iron and Steel Company (Ziscosteel), was caused by white people who sabotaged it from the time Zimbabwe got it...Published: 27 Feb 2022 at 07:25hrs | 1 | 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 | 13 | by Staff reporter
'Zimbabwe will be a net power exporter'
ZIMBABWE has commenced several programmes to improve power generation and plug a crippling electricity deficit.The projects are at various stages of completion.Our business reporter, F...Published: 07 Nov 2021 at 07:53hrs | 29 | by Staff reporter
Electricity imports cost Zimbabwe US$200 million
ZIMBABWE will spend about US$200 million for power imports this year to bridge a gap stemming out of depleted internal production, a government official has said.Gloria Magombo, the permanent ...Published: 07 Nov 2021 at 07:52hrs | 12 | by Staff reporter
Silobela community demands share of Jena Mine
VILLAGERS in Silobela are demanding that the redundant Jena Gold Mine claims be allocated to them as they are living in poverty while their area is endowed with gold deposits.The Jena Mine cla...Published: 12 Oct 2021 at 05:58hrs | 13 | by Staff reporter
Foreign investors line up new bank in Zimbabwe
A group of domestic and foreign investors has lodged an application with Zimbabwean authorities to roll out an investment bank, the first such institution since investment banks were toppled under the...Published: 10 Sep 2021 at 07:35hrs | 13 | by Staff reporter
Zimbabwe blue chips shine in Africa
AT least five of Zimbabwe's biggest stock exchange-listed firms have made it to the list of Africa's best performing companies, defying storms stemming out of a two year old economic crisis, which was...Published: 03 Sep 2021 at 06:56hrs | 14 | by Staff reporter
20 richest investors on the Zimbabwe Stock Exchange
Investors on the Zimbabwe Stock Exchange have amassed staggering wealth since the start of the year owing to the strong pace of recovery in the country and renewed buying interest by local inv...Published: 29 Aug 2021 at 07:05hrs | 443 | by Mfonobong Nsehe
Padenga VFEX listing may 'cannibalise' ZSE
PADENGA'S decision to list on the Victoria Falls Stock Exchange (VFEX) was a win for the new bourse and Finance minister Mthuli Ncube's incentive scheme, but the country's biggest broker, Imara, says ...Published: 23 Jul 2021 at 08:54hrs | | by Staff reporter
US$53 000 fraudster who implicated Mnangagwa's son get bail
A HARARE man, who allegedly swindled a local investor of US$53 000 and implicated President Emmerson Mnangangwa's son, Collins, has been granted $10 000 bail.Sean Chiriseri (33), who appeared ...Published: 07 Jul 2021 at 11:05hrs | 2 | by Staff reporter
Mnangagwa's son 'linked' to US$53 000 fraud
A HARARE man, who allegedly swindled a local investor of more than US$53 000, has told the court that he committed the crime on behalf of President Emmerson Mnangagwa's son, Collins.Sean Chiri...Published: 05 Jul 2021 at 06:36hrs | 8 | by Staff Reporter
Govt to raise $30bn through Treasury Bills, bonds
Zimbabwe plans to raise $30 billion through the issuance of Treasury Bills and bonds to finance its 2021 budget deficit, the Government debt plan show. Treasury bonds and Treasury Bills are all ...Published: 17 Jun 2021 at 06:08hrs | 1 | by Staff reporter
Minister fires manager on the spot
Lands, Agriculture, Fisheries, Water and Rural Resettlement Minister Dr Anxious Masuka fired the head of an Agricultural Rural Development Authority (Arda)-run agriculture scheme in Lupane on the spot...Published: 22 Mar 2021 at 06:08hrs | 9 | by Staff reporter
Kuvimba Mining to raise US$1 billion, eyes VFEX listing
Kuvimba Mining House, the newly created mining company, will seek to raise US$1 billion to recapitalise its assets, which it hopes will generate an ambitious US$1.5 billion per annum by 2023. ...Published: 05 Jan 2021 at 18:27hrs | | by Staff reporter
Govt mounts fresh plan to save Zisco
GOVERNMENT is mounting a fresh plan on Friday to revive operations at the moribund steel maker Ziscosteel, the latest of a string of futile attempts to rebuild Africa's once largest integrated steelwo...Published: 29 Nov 2020 at 07:03hrs | 1 | by Staff reporter
Mohadi encourages diaspora investments
VICE President Kembo Mohadi has encouraged Zimbabweans in the diaspora to support the local economy and make the country an investment destination of choice.Zimbabwe, through its Diaspora comm...Published: 21 Nov 2020 at 14:43hrs | 8 | by Staff Reporter
Nzenza sets ambitious 2021 Zisco revival target
The Minister of Industry and Commerce, Sekai Nzenza, has set an ambitious target of turning the defunct steel giant, Zisco, around by the end of next year. The Zisco revival drive has twi...Published: 30 Oct 2020 at 17:49hrs | 3 | by Staff reporter
Zanu-PF blames everything on sanctions
The sanctions which were imposed by the British, the Americans and European countries on Zimbabwe were as a result of human rights abuses and the land which was taken from the white farmers.I ...Published: 23 Oct 2020 at 08:29hrs | 2 | by Leonard Koni
Victoria Falls exchange primed to be the best
Government plans to make the Victoria Falls Stock Exchange (VFEX), which will provide an avenue for foreign currency listings, one of the best in the region whose rules and regulations are in line wit...Published: 11 Oct 2020 at 10:02hrs | 1 | by Staff reporter
Zimbabwe's business climate can improve
As the Zimbabwe Stock Exchange (ZSE) puts final touches on the infrastructure needed for operations of the Victoria Falls Securities Exchange (VFEX), investors await to see if their major concerns on ...Published: 11 Oct 2020 at 09:57hrs | 2 | by Victor Bhoroma
Investors wary of Vic Falls bourse
EXPERTS say the success of the impending Victoria Falls Stock Exchange (VFSE) will depend on whether foreign investors will be allowed to easily repatriate their investments.In July, Finance m...Published: 18 Sep 2020 at 07:07hrs | 2 | by Staff reporter
Mnangagwa two years on
THE Second Republic under President Mnangagwa has, in the two years of its span, recorded a number of milestones across sectors towards the achievement of Vision 2030 to transform the economy and impr...Published: 28 Aug 2020 at 06:47hrs | 11 | by Nqobile Tshili, Nduduzo Tshuma and Prosper Ndlovu
Captured Ramaphosa warns infighting will drive investors away
President Cyril Ramaphosa has warned that the country's economy will battle to recover if infighting persists within the ANC and country, as investors would abandon the country.Ramaphosa was s...Published: 13 Aug 2019 at 21:37hrs | | by Political Bureau
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