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Govt backs Bulawayo's Khumbul'Ekhaya Investment drive
The government has thrown its support behind Bulawayo's Khumbul'Ekhaya Investment initiative, a programme designed to attract both local and diaspora investors to help revive the city's struggling eco...Published: 01 Aug 2025 at 09:17hrs | 396 | by Staff reporter
Zimbabwe's inflation surges to 11.6% in January 2025
Zimbabwe's weighted month-on-month inflation rate surged by 10.5 percentage points in January 2025, reaching 11.6 percent from 1.1 percent in December 2024, according to figures released by the Zimbab...Published: 30 Jan 2025 at 06:38hrs | 122 | by Staff reporter
Zimbabwe forex receipts jumps 17.9% to $10 billion in 2024
Zimbabwe recorded a remarkable 17.9% increase in foreign currency receipts in the first nine months of 2024, reaching US$10 billion compared to US$8.5 billion during the same period in 2023. This grow...Published: 02 Dec 2024 at 07:17hrs | 97 | by Staff reporter
CTC to investigate surge of counterfeit toothpaste in Zimbabwe
The Competition and Tariff Commission (CTC) has announced an investigation into reports of counterfeit toothpaste products flooding the Zimbabwean market, citing potential serious health risks to cons...Published: 18 Oct 2024 at 08:42hrs | 211 | by Staff reporter
Zimbabwe to continue generating power from Kariba
Zimbabwe will continue generating power from the Kariba Hydro-Power Station through the end of the year, despite facing challenges due to low water levels. This assurance comes as Zambia plans to...Published: 05 Sep 2024 at 07:14hrs | 2690 | by Staff reporter
Zimbabwe eyes US$272 billion global cannabis market
Zimbabwe's favorable climate for cultivating high-quality medicinal and recreational cannabis, combined with appropriate regulations and robust marketing strategies, holds significant economic potenti...Published: 22 Jul 2024 at 07:49hrs | 286 | by Staff reporter
Zimbabwe mining workers get US$3,55 salary increment
The National Employment Council (NEC) for the mining industry has approved a US$3.55 salary increment for mining workers for the July to December period, despite the high cost of living. This incremen...Published: 26 Jun 2024 at 07:22hrs | 13 | by Staff reporter
Dinson completes Manhize power line
The construction of an 88-kilovolt transmission line by Dinson Iron and Steel Company, stretching from Sherwood substation in Kwekwe to Manhize, has been successfully completed. This milestone enables...Published: 30 May 2024 at 08:31hrs | 37 | by Staff reporter
Zimbabwe govt misses US$12bn mining target
LEADING economists and mining industry experts warned this week the Ministry of Mines and Mining Development was manipulating data to give an impression that its ambitious US$12 billion target will be...Published: 22 Dec 2023 at 18:13hrs | 14 | by Staff reporter
Makomo Resources back on its feet
HWANGE-based coal miner, Makomo Resources, has resumed operations after securing a contractor.Makomo, once the country's largest coal miner, went under corporate rescue, a form of bankruptcy p...Published: 25 Aug 2023 at 06:27hrs | 3 | by Staff reporter
Mthuli Ncube pleads with Zimbabweans to embrace Zimdollar
TREASURY boss Mthuli Ncube has pleaded with Zimbabweans to embrace the local currency for the country to achieve growth and stability objectives of National Development Strategy 1 economic blueprint....Published: 12 Aug 2023 at 07:53hrs | 10 | by Staff reporter
Zanu-PF completes only 7% of 2018 promises - study
THE Zanu-PF-led government only managed to fulfil 16 of the 234 pledges in its 2018 election manifesto, which translates to just 7%, policy think-tank Sivio Institute has said.The figure indic...Published: 03 Aug 2023 at 06:47hrs | 14 | by Staff reporter
Hwange Thermal Power generation shoots up
POWER generation is on a steady increase with output reaching 1 071 megawatts yesterday with the upgraded Hwange Thermal Power Station contributing the bulk of it, a development expected to ease power...Published: 04 Apr 2023 at 06:23hrs | 1 | by Staff reporter
Hwange Thermal Power Station produce only 74 megawatts
THE country's thermal power generation has dropped lowest today with the giant Hwange Thermal Power Station producing only 74 megawatts while the three small thermal stations - Bulawayo, Harare, and M...Published: 01 Mar 2023 at 07:04hrs | 3 | by Staff reporter
New cement plant for Zimbabwe
KWEKWE-based cement manufacturer Livetouch Investments is building a second cement plant in Zvishavane, Midlands to the tune of US$20m under the first phase of the project.The first phase of t...Published: 11 Jan 2023 at 16:50hrs | 16 | by Staff reporter
Zimbabwe lithium project gains traction
THE construction of a multi-million US dollar world class lithium mining plant, which seeks to feed into the future of electric vehicle manufacturing, is gaining momentum in Fort Rixon, Matabeleland S...Published: 07 Dec 2022 at 05:05hrs | 2 | by Staff reporter
Zimbabwe paying price for shoddy energy deals
ZIMBABWE is paying the price for failure to tap into renewable energy, as climate change is hindering power generation at Kariba Power Station - the country's largest electricity generating plant - wh...Published: 04 Dec 2022 at 14:06hrs | | by Staff reporter
Mnangagwa's govt to build new prisons
The GOVERNMENT is committed to upgrading prison facilities and building new prisons to improve living standards of inmates in line with global best practices in jails and correctional systems, Preside...Published: 20 Nov 2022 at 15:35hrs | 13 | by Staff reporter
Matshe Koko's firm to build massive solar plant in Zimbabwe
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has signed a power purchasing agreement with a South African independent power producer, Matshela Energy Limited, for a 100MW sol...Published: 05 Aug 2022 at 06:38hrs | 3 | by Staff reporter
Zimbabwe mining surpasses US$5 billion
Zimbabwe's mining sector is registering unprecedented growth, for the first time in history, with earnings jumping to US$5,2 billion in 2021 from about US$2,9 billion in 2017, as positive gains contin...Published: 22 Jul 2022 at 06:39hrs | 2 | by Staff reporter
CCC targets Bulawayo City Council's business operations
BULAWAYO City Council (BCC) has grown its cattle herd to 526, and several goats, while it also has 2,5 hectares of sorghum as it embarks on farming ventures to get more revenue.This was reveal...Published: 18 May 2022 at 06:23hrs | 12 | by Staff reporter
US, CCC and local journalists gang up to foment chaos
The US government through its Harare embassy has started sponsoring local journalists to write more negative stories about Zimbabwe, at the same time undermining Chinese investments to create national...Published: 18 May 2022 at 06:19hrs | 1 | by Gibson Nyikadzino
Zimbabwe must abandon use of US$ immediately
ECONOMIST Eddie Cross, believes the best way to stabilise the prices of basic goods in the country and spur development is to end the use of the United States dollar in the economy. Speaking on 3Ktv p...Published: 27 Apr 2022 at 12:57hrs | 16 | by Staff reporter
Zimbabwe economy urgently needs tax reforms
For the fourth consecutive year, the Zimbabwe Revenue Authority (ZIMRA) has been exceeding budgeted quarterly and annual revenue targets (in ZW Dollar and in US Dollar terms). Even though the economy ...Published: 01 Apr 2022 at 12:40hrs | 10 | by Victor Bhoroma
Dry spell sparks drought fears
FARMER groups have warned of foods shortages in the country owing to the prolonged dry spell."The dry spell has disastrously affected farmers. Things are not looking good here Zimbabwe Commerc...Published: 03 Mar 2022 at 05:43hrs | 2 | by Staff reporter
Zimbabwe-China to enter citrus export deal
ZIMBABWE is set to enter into a citrus export deal with China as the two countries strengthen their bilateral trade relations, NewsDay has learnt.The two countries signed the agreement in 2015...Published: 19 Jan 2022 at 05:21hrs | 1 | by Staff reporter
Mnangagwa's govt grabs Chombo's farm, gives to ex-wife
Government is continuing its retributive land seizures targeting political opponents, real or imagined, this time cancelling former Finance minister Ignatius Chombo's 99-year lease for Allan Grange Fa...Published: 15 Jan 2022 at 15:01hrs | 3 | by Staff reporter
Zimbabwe edges closer to US$12bn target?
Government and private sector players in the mining industry are resolute in their commitments towards achieving the US$12 billion by 2023.Zimbabwe launched the Strategic Road to the Achieveme...Published: 03 Jan 2022 at 05:53hrs | 16 | by Staff reporter
Zambezi Gas and Coal Mine shelves plans
ZAMBEZI Gas and Coal Mine has postponed to 2023 its planned underground mining venture at the southern pit in Hwange district, Matabeleland North province.The colliery, which at the moment is ...Published: 29 Dec 2021 at 05:21hrs | 6 | by Staff reporter
Group demands ZSE listings for Fidelity suitors
INVESTORS interested in taking up equity in the central bankrun Fidelity Printers and Refiners (FPR) should agree to list on at least one of the country's stock exchanges in order to enhance transpare...Published: 29 Aug 2021 at 07:15hrs | 2 | by Staff reporter
Gold deliveries slump
Fidelity Printers and Refiners (FPR) is worried about the decline in gold deliveries over the years owing to a number of factors and the firm is working on a cocktail of measures to address the challe...Published: 19 Aug 2021 at 16:35hrs | 3 | by Staff reporter
'Sanctions have made Zimbabweans bolder'
BUSINESS and Zimbabwe at large should forget about baneful sanctions that were imposed by Western countries on the country and focus on local resources through value addition and increasing exports, P...Published: 20 May 2021 at 06:01hrs | 2 | by Staff reporter
Mnangagwa thinks Zimbabwe economy is showing rapid growth
Zimbabwe is on a path to rapid socio-economic growth driven mainly by measures put in place to boost production, which has risen remarkably across various sectors of the economy in the last few months...Published: 03 May 2021 at 06:11hrs | 1 | by Staff reporter
AfDB pegs Zimbabwe growth at 4,2%
ZIMBABWE'S economy contracted by 10% last year and is envisaged to grow by 4,2% in 2021 if effective measures are taken to stabilise foreign exchange and avoid excessive money creation, the African De...Published: 29 Mar 2021 at 06:26hrs | 9 | by Staff reporter
Lack of capacity hampers Zimbabwe exports
Low production levels are one of Zimbabwe's biggest impediments as the economy seeks to expand its exports, Foreign Affairs and International Deputy Minister David Musabayana has said. Deputy ...Published: 25 Mar 2021 at 05:37hrs | 1 | by Staff reporter
Kariba eyes bumper kapenta harvest
KAPENTA producers are expecting bumper harvest in the second half of the year as production is showing signs of recovery after a hiatius caused by the rains and relatively low temperatures. Lo...Published: 23 Mar 2021 at 06:07hrs | 1 | by Staff reporter
60% of Bulawayo companies close shop
THE labour movement, consumer rights groups, small enterprises and informal traders have lamented the continuous collapse of Bulawayo industries amid revelations that up to 60% of companies have close...Published: 19 Feb 2021 at 07:04hrs | 147 | by Staff reporter
Zimdollar will maintain a 'fragile stability' this year report
ZIMBABWE's currency will maintain a "fragile stability" this year, continuing from the volatilities that haunted the domestic unit even after the introduction of theforeign currency auction system...Published: 17 Feb 2021 at 06:11hrs | | by Staff reporter
Zimbabwe platinum output up 4%
According to the World Platinum Investment Council (WPIC) latest Platinum quarterly report for the third quarter of 2020, Zimbabwe saw a marginal increase in platinum output in a period where global d...Published: 18 Jan 2021 at 10:41hrs | 1 | by Staff reporter
Cooking oil production levels improve
Cooking oil prices have stabilised in the wake of improved production levels as manufacturers are accessing foreign currency for raw materials from the central bank's auction system.The firms ...Published: 03 Dec 2020 at 13:47hrs | 1 | by Staff Reporter
Rushwaya gold case opens can of worms
THE dramatic arrest and subsequent prosecution of suspended Zimbabwe Miners Federation (ZMF) president Henrietta Rushwaya has lifted the lid on the cutthroat gold trafficking underworld dominated by t...Published: 06 Nov 2020 at 06:56hrs | 12 | by Staff reporter
Fresh headache for Mnangagwa
Zimbabwe's billion dollar mining sector wants to wholly retain foreign currency receipts to be able to pay royalties, taxes and other levies which the authorities want them paid fully in United States...Published: 22 Oct 2020 at 07:16hrs | 2 | by Staff Reporter
Retailers reel under diminished demand
RETAIL outlets and corporates are reeling from a major reduction in sales volumes with some facing closure as a result of shrinking disposable income due to a weakened local currency and impact of the...Published: 04 Sep 2020 at 06:27hrs | 1 | by Staff reporter
Powercuts hamper milk production
THE rolling power outages in the country have hit milk production hard, businessdigest has learnt.Zimbabwe Association of Dairy Farmers (ZADF) chairperson Kudzai Chirima said the power outages...Published: 09 Aug 2019 at 15:08hrs | 1 | by Staff reporter
Panic grips Mnangagwa's Cabinet
Zimbabwe's thermal power stations may soon fail to feed onto the national electricity grid after coal suppliers warned their stockpile lasts for 12 days, plunging the country into colossal power crisi...Published: 29 Jul 2019 at 14:49hrs | 4 | by Staff reporter
Forex black market struggles
FOREIGN currency trades on the interbank market have greatly improved as people shun the risky black market, Reserve Bank of Zimbabwe governor Dr John Mangudya said.The trades are also expecte...Published: 28 Jul 2019 at 09:08hrs | | by Staff reporter
Zimbabwe mineral exports in 9% jump
Zimbabwe has recorded an 8,7 percent jump in mineral exports to $910 million in the first half of the year compared to the same period last year, statistics from the Minerals Marketing Corporation of ...Published: 14 Jul 2019 at 12:30hrs | 2 | by Staff reporter
Zimbabwe Govt warned against farm leases
The government should not allow newly-resettled farmers to sub-let their farms as this will promote corruption and inefficient use of land, analysts have said.Government recently granted farme...Published: 07 Jul 2019 at 21:23hrs | 2 | by Staff reporter
Simbisa Brands slashes prices
LISTED quick service business, Simbisa Brands, has set the pace by slashing prices of its major products by 20 percent margins in response to monetary and fiscal consolidation measures being implement...Published: 04 Jul 2019 at 07:57hrs | 12 | by Staff reporter
Zimbabwe economy is literary dead, Where is Mnangagwa?
The continued recycling of failed ministers is a clear sign that Zimbabwe Govt is buffeted by lack of cohesion, Zanu is buffeted by lack of incapacitation to deal with the current situation, it is buf...Published: 18 May 2019 at 18:28hrs | 16 | by Tinashe Eric Muzamhindo
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