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2030: Zimbabwe will be using domestic currency
THE Reserve Bank of Zimbabwe (RBZ) has announced plans for a structured transition from the current multicurrency system to a domestic monetary framework, aimed at ensuring business continuity and eco...Published: 2 hrs ago | 128 | by Staff reporter
Africa's broken IP system threatens innovation, growth
Africa is losing billions of dollars each year due to weak and fragmented intellectual property (IP) protection systems, undermining innovation, entrepreneurship, and economic development across the c...Published: 19 hrs ago | 66 | by Staff reporter
ANC partner DA calls for scrapping of Black Economic Empowerment
Briefing the media in Johannesburg on Monday, Steenhuisen stressed that the DA is not opposed to redress or transformation, but believes these laws have become counterproductive.The DA argues ...Published: 12 Aug 2025 at 12:09hrs | 255 | by Staff reporter
BCC blitz uncovers 800 illegal shops in Bulawayo CBD
A recent crackdown by the Bulawayo City Council (BCC) on lettable unit shops in the city's Central Business District (CBD) has revealed that about 800 out of more than 1 300 premises are operating wit...Published: 11 Aug 2025 at 08:40hrs | 208 | by Staff reporter
RBZ cracks down on ZiG rejection
The Reserve Bank of Zimbabwe (RBZ) has issued a strong warning to businesses and service providers who are refusing to accept the Zimbabwe Gold (ZiG) currency, with central bank governor Dr John Musha...Published: 09 Aug 2025 at 13:28hrs | 388 | by Staff reporter
Harare residents outraged over ban on pre-used clothes sales
Residents of Harare have voiced strong opposition to the government's abrupt ban on the importation and sale of second-hand clothes in the capital, describing the move as an "autocratic onslaught" tha...Published: 07 Aug 2025 at 08:55hrs | 160 | by Staff reporter
Zimbabwe sees sharp rise in credit registry inquiries
Zimbabwe recorded a marked increase in credit registry inquiries between September 2024 and March 2025, with the most dramatic spike occurring in February this year, according to the Mid-Term Budget R...Published: 06 Aug 2025 at 09:15hrs | 380 | by Staff reporter
Govt faces backlash over night vending, pre-used clothes ban
Government is headed for a showdown with informal traders and vendors after announcing a ban on night vending and the sale of second-hand clothes in Harare's central business district.Local Go...Published: 06 Aug 2025 at 08:58hrs | 186 | 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 | 232 | by Staff reporter
Mbare is NOW the Heart Beat of Zimbabwe's Economy
In a country beset by economic challenges and political uncertainties, it is often in the most unexpected corners that we find resilience, innovation and growth. Mbare, a densely populated township in...Published: 03 Aug 2025 at 23:42hrs | 450 | by Engineer Jacob Kudzayi Mutisi
Bulawayo leads Zimbabwe in business formalisation
Bulawayo has emerged as Zimbabwe's top-performing province in terms of formal business establishments, according to new data from the 2023 Economic Census conducted by the Zimbabwe National Statistics...Published: 03 Aug 2025 at 09:56hrs | 106 | by Staff reporter
Zimbabwe's tourism sector declined in early 2025
Zimbabwe's tourism sector has experienced a significant downturn in the first quarter of 2025, with both receipts and investment sharply declining as global travel demand weakens and domestic economic...Published: 02 Aug 2025 at 10:17hrs | 89 | by Staff reporter
Mthuli Ncube admits economy chaos
The government has admitted that companies in Zimbabwe often make more money operating outside the law than when complying with regulations, in a rare acknowledgement of a system that punishes honesty...Published: 01 Aug 2025 at 09:12hrs | 630 | 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 | 277 | by Staff reporter
Zimbabwe govt mulls fresh taxes
Finance Minister Mthuli Ncube yesterday unveiled plans to impose new taxes, despite growing resistance from businesses and taxpayers who argue that Zimbabwe's current tax burden is already suffocating...Published: 01 Aug 2025 at 08:02hrs | 382 | by Staff reporter
Spiritual cleansing sought after deadly Chitungwiza road accident
A wave of fatal accidents on the Harare-Chitungwiza highway has prompted a rare spiritual alliance, as religious and traditional leaders unite in calling for a cleansing ceremony to end what many beli...Published: 30 Jul 2025 at 15:10hrs | 106 | by Staff reporter
Mthuli Ncube promises major cuts within 2 weeks
Finance and Economic Development Minister Professor Mthuli Ncube has pledged sweeping policy reforms within the next two weeks aimed at boosting the viability of small-scale businesses across Zimbabwe...Published: 27 Jul 2025 at 20:59hrs | 1482 | by Staff reporter
Zimbabwe SMEs crushed by annual compliance fees
Small and medium enterprises (SMEs) in Zimbabwe are buckling under the weight of steep compliance costs - some as high as US$10,000 annually - raising alarm over a regulatory environment that is drivi...Published: 24 Jul 2025 at 14:34hrs | 128 | by Staff reporter
ZimStat confirms dominance of Zimbabwe's huge informal sector
The Zimbabwean economy is overwhelmingly dominated by informal micro-businesses, according to a preliminary report of the 2023 Economic Census released yesterday by the Zimbabwe National Statistics Ag...Published: 24 Jul 2025 at 09:32hrs | 133 | by Staff reporter
Money laundering costs Zimbabwe US$6,5bn
Zimbabwe has lost an estimated US$6.15 billion to money laundering-related crimes over the past five years, with car dealerships, gold smuggling, and entrenched corruption networks topping the list of...Published: 22 Jul 2025 at 08:49hrs | 188 | by Staff reporter
Zimbabwe wants to teach maths & physics in Shona and Ndebele
Zimbabwe's Minister of Primary and Secondary Education, Hon. Torerai Moyo, has revealed plans to introduce the teaching of technical subjects such as Mathematics, Physics, Geography and Accounting in ...Published: 21 Jul 2025 at 19:43hrs | 501 | 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 | 224 | by Staff reporter
Victoria Falls in danger
One of Africa's most celebrated natural wonders, Victoria Falls, is facing mounting threats from climate-related water risks, particularly recurrent droughts, according to a newly released global anal...Published: 13 Jul 2025 at 11:39hrs | 581 | by Staff reporter
King Munhumutapa unveils self-drafted 'constitution'
Bogus king in another daring actStandardSelf-styled King Munhumutapa, born Timothy Chiminya, has once again stirred controversy by unveiling a self-drafted "constitution" last week that outlin...Published: 13 Jul 2025 at 11:32hrs | 166 | 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 | 249 | 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 | 313 | 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 | 841 | by Staff reporter
Zanu-PF denies rift between Mnangagwa and Chiwenga
ZANU PF has categorically dismissed rumours of a rift between President Emmerson Mnangagwa and his deputy, Vice President Dr Constantino Chiwenga, reaffirming the strong bond and unity that have defin...Published: 09 Jul 2025 at 14:58hrs | 1052 | by Staff reporter
Zimbabwe govt to set up oxygen plant in Lupane
The Government is setting up a medical oxygen production plant in Lupane, Matabeleland North Province, as part of a broader national strategy to boost self-sufficiency in critical healthcare supplies....Published: 09 Jul 2025 at 07:56hrs | 151 | 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 | 201 | by Staff reporter
Zimbabwe women's bank opens 11 000 accounts in 2024
The Zimbabwe Women Microfinance Bank (ZWMB) opened 11,120 new savings accounts in 2024 as part of the Government's ongoing push to promote financial inclusion and empower marginalized groups - particu...Published: 08 Jul 2025 at 09:52hrs | 87 | by Staff reporter
'King Munhumutapa' to know his fate
The Harare Magistrates' Court is set to deliver a ruling tomorrow on an application by self-proclaimed King Munhumutapa, Timothy Chiminya, seeking to have charges of undermining President Emmerson Mna...Published: 06 Jul 2025 at 10:20hrs | 170 | by Staff reporter
New mall opens in Bulawayo CBD
A vibrant new business mall has opened in the heart of Bulawayo's Central Business District (CBD), aiming to ignite entrepreneurship, celebrate African culture, and stimulate local economic growth....Published: 05 Jul 2025 at 16:56hrs | 1668 | 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 | 206 | by Staff reporter
SADC donates US$98,000 refrigerated truck to Zimbabwe
In a major boost to Zimbabwe's fisheries sector, the Southern African Development Community (SADC) on Thursday handed over a three-tonne refrigerated truck valued at US$98,000 to the Zimbabwe Fish Pro...Published: 03 Jul 2025 at 19:09hrs | 4212 | by Staff reporter
Herbert Nkala to step down
OK Zimbabwe Limited (OKZL), the retail giant listed on the Zimbabwe Stock Exchange (ZSE), has announced that its long-serving Board Chairman, Mr Herbert Nkala, will not seek re-election as Director an...Published: 03 Jul 2025 at 12:36hrs | 623 | by Staff reporter
Councils told to comply with public procurement regulations
The government has called on local authorities across Zimbabwe to strictly adhere to public procurement regulations to uphold accountability and prevent legal disputes that continue to plague municipa...Published: 03 Jul 2025 at 09:24hrs | 95 | by Staff reporter
South Africa crushes Zimbabwe
South Africa powered to its ninth consecutive Test victory on Tuesday, crushing Zimbabwe by a staggering 328 runs at Queens Sports Club to equal the country's longest winning streak in men's Tes...Published: 02 Jul 2025 at 09:40hrs | 153 | by Staff reporter
ZB Bank secures US$5 million Afreximbank facility
ZB Bank Limited has secured a US$5 million loan facility from the African Export-Import Bank (Afreximbank), aimed at supporting small and medium enterprises (SMEs) in Zimbabwe, particularly those enga...Published: 30 Jun 2025 at 13:07hrs | 126 | by Staff reporter
4 year mystery: Family discovers missing cop's grave through spirit revelation
A decades-old mystery surrounding the disappearance of a Bulawayo-based police officer may finally be drawing to a close, after his family was reportedly led to a shallow grave by a spirit-possessed g...Published: 29 Jun 2025 at 12:14hrs | 1361 | by Staff reporter
Tagwirei mocks 'foolish' Zimbabweans who have not won tenders
Prominent businessman Kudakwashe Tagwirei ignited controversy on Wednesday after declaring that Zimbabweans who have not secured government tenders are "foolish" - effectively labelling the vast major...Published: 26 Jun 2025 at 14:12hrs | 821 | by Staff reporter
Smallholder farmers dominate potato market
Smallholder farmers are fast becoming the dominant force in Zimbabwe's potato industry, now supplying the bulk of produce arriving daily at Mbare Musika, the country's largest agricultural market....Published: 25 Jun 2025 at 09:04hrs | 98 | by Staff reporter
Govt, Crossborders 4ED move to ease Beitbridge border fees
Crossborders for Economic Development (Crossborders 4ED) and the Government have reached a preliminary agreement to review border user fees for cross-border transporters using the newly upgraded Beitb...Published: 25 Jun 2025 at 09:03hrs | 103 | by Staff reporter
Parliament recommends waste water use for BCC
Bulawayo's perennial water supply challenges, which have persisted for over two decades and severely undermined residents' right to access safe water, were the focus of a recent inquiry by parliamenta...Published: 23 Jun 2025 at 11:02hrs | 179 | 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 | 1786 | 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 | 1282 | by Staff reporter
The Real Reason Small Brands Are Winning on Social Media in 2025
I work with brands for a living - large, small, and those still being managed from the back room of someone's apartment. And here's the wild part: in 2025, it's not the big players scoring the wins on...Published: 19 Jun 2025 at 10:06hrs | 170 | by Staff Reporter
Private sector, experts hail Zimra's TaRMS tax regime
Private sector players and financial experts have praised Zimbabwe's Tax and Revenue Management System (TaRMS) for significantly improving taxpayer accessibility and compliance, particularly among sma...Published: 19 Jun 2025 at 07:16hrs | 208 | by Staff reporter
Bulawayo City Council launches crackdown to clean CBD
Bulawayo City Council (BCC) has embarked on a city-wide crackdown targeting illegal street vending, with intensified day and night raids now actively underway in the Central Business District (CBD). T...Published: 18 Jun 2025 at 18:09hrs | 234 | by Staff reporter
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