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Zimbabwe's GDP declines 1.73%
Zimbabwe's Gross Domestic Product (GDP) contracted by 1.73% to ZWG17.6 billion in the first quarter of 2025, down from ZWG17.9 billion recorded in the fourth quarter of 2024, the Zimbabwe National Sta...Published: 8 hrs ago | 154 | by Staff reporter
Govt unveils low-cost fuel retail outlets for rural areas
In a major step towards improving fuel accessibility in underserved communities, the Zimbabwean government has announced plans to roll out containerised, portable, and low-cost fuel retail outlets in ...Published: 8 hrs ago | 599 | by Staff reporter
Delta Corporation faces labour challenges in South Africa
Zimbabwean beverage giant, Delta Corporation, is experiencing contrasting fortunes in its regional markets after it battled labour disruptions in South Africa and recorded brisk business for its lager...Published: 8 hrs ago | 292 | by Staff reporter
Armed robbers hit 3 Sai Mart Shops in Bulawayo
In a brazen and coordinated operation, a gang of armed robbers hit three Sai Mart retail outlets in Bulawayo on Saturday morning, escaping with over US$4,000 in cash. The suspects were reportedly movi...Published: 26 Jul 2025 at 15:11hrs | 496 | by Staff reporter
Zimbabwe's formal economy tanks
Zimbabwe's economy has become overwhelmingly informal, with the latest figures from the Zimbabwe National Statistics Agency (ZimStat) revealing that 76% of business operations in the country are now i...Published: 24 Jul 2025 at 16:09hrs | 582 | by Staff reporter
Hungry Lion enters Zimbabwe market
South African fast-food giant Hungry Lion has officially entered the Zimbabwean market, launching its first branch at the newly opened Greenfields Retail Centre in Harare. The move marks the brand's i...Published: 24 Jul 2025 at 15:17hrs | 2623 | 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 | 125 | by Staff reporter
Fake goods uncovered in Harare tuck shops
Zimbabwe has intensified efforts to root out counterfeit products from the market amid growing concerns over the health risks these goods pose to unsuspecting consumers.During a routine inspec...Published: 22 Jul 2025 at 17:57hrs | 419 | by Staff reporter
Zimbabwe records surge in LPG consumption
Zimbabwe is experiencing a significant surge in Liquefied Petroleum Gas (LPG) consumption, signalling a growing shift among households and small businesses towards cleaner and more affordable energy a...Published: 22 Jul 2025 at 13:03hrs | 171 | 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 | 465 | by Staff reporter
Edgars Zimbabwe customers seek longer payment plans
Clothing retailer Edgars Stores Limited says more of its customers are increasingly requesting longer payment periods of up to nine months to settle their clothing purchases, a clear reflection of the...Published: 21 Jul 2025 at 12:27hrs | 275 | by Staff reporter
RBZ exposes massive money laundering
The Reserve Bank of Zimbabwe (RBZ) has unearthed large-scale illicit financial flows (IFFs) in the country's real estate and motor vehicle dealership sectors, revealing industrial-scale money launderi...Published: 18 Jul 2025 at 14:40hrs | 1516 | by Staff reporter
Zimra cracks down on fake tech flooding Zimbabwe's streets
Harare - The Zimbabwe Revenue Authority (Zimra) has launched a sweeping crackdown on counterfeit electronics flooding the country's markets, targeting fake mobile phones, laptops, and accessories that...Published: 17 Jul 2025 at 20:59hrs | 704 | by Staff reporter
ZERA issued 20 electricity licences in 2024
The Zimbabwe Energy Regulatory Authority (ZERA) has issued 20 electricity licences so far in 2024, with 17 designated for power generation projects boasting a combined installed capacity of 786.08 meg...Published: 16 Jul 2025 at 19:09hrs | 262 | by STaff reporter
Hwange's new CBD takes shape
The Hwange Local Board (HLB) has officially launched a long-anticipated greenfield development project that will see the creation of a brand-new central business district (CBD), in a major step toward...Published: 13 Jul 2025 at 11:43hrs | 353 | 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
Sugar stocks exceed national demand
Zimbabwe's leading sugar producers, Hippo Valley Estates and Triangle, have moved to allay fears of shortages and price hikes, assuring the nation that local sugar stocks are more than adequate to mee...Published: 11 Jul 2025 at 08:25hrs | 85 | 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
Zida warns US$43,12m at stake in haulage, logistics industry
The Zimbabwe Investment and Development Agency (Zida) has raised alarm over the potential loss of US$43.12 million in foreign investment in the haulage and logistics sector, following the implementati...Published: 10 Jul 2025 at 08:52hrs | 240 | 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
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
CZR calls for crackdown on rampant sale of counterfeit electronics
The Confederation of Zimbabwe Retailers (CZR) has raised alarm over the growing sale of counterfeit and fraudulently marketed electronic goods across the country, calling for an urgent multi-agency la...Published: 09 Jul 2025 at 14:31hrs | 159 | 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
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 | 1661 | 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 | 205 | 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 | 620 | 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 | 1688 | by Staff reporter
Zimbabwe's GDP grows 2.9% to US$45.7 billion
Zimbabwe's economy expanded by 2.9 percent in 2024, with the Gross Domestic Product (GDP) rising to US$45.7 billion from US$44.4 billion in 2023, according to the latest figures released by the Zimbab...Published: 02 Jul 2025 at 17:46hrs | 167 | by Staff reporter
Fong-kong receipts ring busted
Two men, Chamunorwa Paul Anesu and Nakai Hodera, have been sentenced to five years' imprisonment each for fraud and theft involving counterfeit receipts at a retail shop. The sentences were handed dow...Published: 01 Jul 2025 at 08:21hrs | 439 | by Staff reporter
OK Zimbabwe earmarks 50% of capital raise to clear debts
Retail giant OK Zimbabwe Limited has announced plans to allocate more than half of the proceeds from its planned US$30.5 million capital raise - through a rights issue and property disposals - toward ...Published: 30 Jun 2025 at 13:12hrs | 174 | by Staff reporter
Herbert Nkala to exit OK Zimbabwe in restructuring move
OK Zimbabwe has announced a major leadership reshuffle and a US$30.5 million capital-raising initiative aimed at stabilising operations and restoring market confidence, as the retail giant battles int...Published: 29 Jun 2025 at 11:17hrs | 215 | 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 | 283 | by Staff reporter
Police bust second-hand clothing smuggling syndicate
Police in Gweru have dismantled a suspected second-hand clothing smuggling syndicate following an early morning raid in the Daylesford suburb, which led to the arrest of two suspects and the recovery ...Published: 26 Jun 2025 at 17:21hrs | 214 | by Staff reporter
Zimra faces deepening tax enforcement crisis
The Zimbabwe Revenue Authority (ZIMRA) is grappling with a growing tax enforcement crisis as the dominance of the cash economy, rampant informality, and high-profile tax disputes expose critical weakn...Published: 26 Jun 2025 at 11:26hrs | 1644 | by Staff reporter
Zimbabwe Parliament demands removal of punitive taxes
Parliament has sharply escalated pressure on Treasury to urgently scrap punitive taxes, including the highly contentious 2% Intermediated Money Transfer Tax (IMTT), by August 31, 2025, in a bid to hal...Published: 26 Jun 2025 at 11:25hrs | 1731 | 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
Consumer watchdog wants tough stance against substandard products
The Consumer Council of Zimbabwe (CCZ) has urged the government to strengthen enforcement of the Consignment-Based Conformity Assessment (CBCA) programme to shield consumers from substandard, co...Published: 24 Jun 2025 at 09:26hrs | 33 | by Staff reporter
It will take more than Mnangagwa's gold vault tour to restore public trust in the ZiG
There's a saying: trust is built over time - but can be destroyed in an instant, and once broken, confidence is not only shattered, but painfully difficult to rebuild.President Emmerson Mnanga...Published: 23 Jun 2025 at 18:56hrs | 351 | by Tendai Ruben Mbofana
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
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
Job losses plague Zimbabwe's retail, mining sectors
Zimbabwe is facing a deepening employment crisis, with thousands of workers losing their jobs across the retail and mining sectors, as worsening power shortages, policy inconsistencies, and a sluggish...Published: 20 Jun 2025 at 17:31hrs | 98 | by Staff reporter
Chivayo flaunts wealth with new US$400,000 Rolls-Royce
Zimbabwean businessman Wicknell Chivayo, known for his flamboyant displays of wealth and deep political connections, has once again sparked public outrage after splurging more than US$400,000 on a bra...Published: 20 Jun 2025 at 07:20hrs | 1650 | by Staff reporter
Stallion Cruise' s Alice Pote dies at 33
Zvishavane has been plunged into mourning following the untimely death of prominent business executive and entrepreneur, Alice Pote, who passed away on Monday at the age of 33.Pote, who served...Published: 18 Jun 2025 at 19:18hrs | 1953 | by Staff reporter
Gweru, Kwekwe flagged as hotspots for fuel adulteration
The Zimbabwe Energy Regulatory Authority (Zera) has raised alarm over rampant fuel fraud in Gweru and Kwekwe, identifying the two Midlands cities as high-risk zones where unscrupulous traders are adul...Published: 18 Jun 2025 at 07:30hrs | 589 | by Staff reporter
Secondary Revenues from Sporting Events in Africa
Sporting events across Africa do more than fill stadiums. They create additional economic activity that touches tourism, retail, digital services, and hospitality. This type of income, called secondar...Published: 17 Jun 2025 at 23:22hrs | 121 | 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 | 117 | by Staff reporter
Food Lovers Market shutdown exposes deeper turmoil at OK Zimbabwe
The impending closure of Food Lovers Market outlets in Borrowdale and Avondale signals a deeper crisis engulfing OK Zimbabwe, the country's largest retail group, which is struggling to stay afloat ami...Published: 12 Jun 2025 at 18:59hrs | 398 | by Staff reporter
4,912 injuries, 76 fatalities recorded in workplaces in 2024
The Zimbabwe Congress of Trade Unions (ZCTU) has revealed alarming statistics for workplace safety in 2024, reporting a total of 4,912 injuries and 76 fatalities across various sectors. The labour fed...Published: 10 Jun 2025 at 08:51hrs | 84 | by Staff reporter
CBDs struggle as suburbs gain traction
Zimbabwe's property market is grappling with a complex mix of economic pressures and changing tenant preferences, according to a recent report by Knight Frank.Vacancy rates in prime urban area...Published: 10 Jun 2025 at 08:47hrs | 314 | by Staff reporter
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