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Zimbabwe adopts multi-pronged strategy to manage debt
Zimbabwe is pursuing a multi-faceted approach to address its US$21 billion debt obligations, with the government considering leveraging the country's abundant natural resource...Published: 14 Jul 2025 at 07:47hrs | 237 | 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
Zimbabwe revises GDP upwards to US$44.4 billion
Zimbabwe has recorded a significant rise in its Gross Domestic Product (GDP), now revised to ZiG168.5 trillion (approximately US$44.4 billion), marking a substantial increase from the previous estimat...Published: 09 Jul 2025 at 07:52hrs | 158 | 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
First Mutual Holdings suffers US$27 million loss
Financial services group First Mutual Holdings Limited (FMHL) has reported a significant after-tax loss of US$27.11 million for the financial year ended December 31, 2024, reversing the previous year'...Published: 02 Jul 2025 at 12:05hrs | 229 | 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
US$5m monthly for Gwayi-Shangani project
The Zimbabwean government has reaffirmed its commitment to completing the long-delayed Gwayi-Shangani Dam, declaring the project a national priority. Cabinet has resolved to allocate US$5 million ever...Published: 24 Jun 2025 at 09:31hrs | 676 | by Staff reporter
Zimbabwe's economy continues to register positive strides
ZIMBABWEAN President Emmerson Mnangagwa said on Saturday that the country's economy continues to register positive strides.In a post on X, the president said that economic growth is being driv...Published: 22 Jun 2025 at 09:00hrs | 50 | 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
Cyber hackers target Zimbabwe's national emails and websites
ZIMBABWE is facing a serious digital threat as international cyber hackers intensify their attacks on government, educational and business websites. This year, several Zimbabwean websites have been de...Published: 16 Jun 2025 at 14:36hrs | 72 | by Engineer Jacob Kudzayi Mutisi
Government contractors warned against dishonesty
The Zimbabwe Construction and Allied Trades Workers Union (ZCATWU) has called on government contractors to stop abusing delayed payments from the Treasury as a justification for poor performance and d...Published: 07 Jun 2025 at 10:41hrs | 115 | by Staff reporter
Zimbabwe records strong forex surplus
Zimbabwe has experienced sustained foreign currency inflows that not only meet its external payment obligations but have generated a substantial surplus averaging US$400 million per month over the 14-...Published: 01 Jun 2025 at 14:35hrs | 163 | by Staff reporter
Calls mount for amendment of Zimbabwe's outdated Mines and Minerals Act
The long-overdue amendment of Zimbabwe's Mines and Minerals Act (Chapter 21:05) has become a pressing issue as the country grapples with mineral leakages and a lack of transparency in its mining secto...Published: 30 May 2025 at 12:15hrs | 420 | by Staff reporter
Chiwenga to engage Tajikistan's key economic players
Zimbabwe is expanding its international partnerships with a strategic focus on Central Asia, as Vice President Dr. Constantino Chiwenga prepares to visit Tajikistan tomorrow for high-level meetings wi...Published: 28 May 2025 at 10:44hrs | 121 | by Staff reporter
Treasury posts ZiG3,46bn surplus in first 4 months
The Treasury has recorded a surplus of ZiG3.46 billion during the first four months of the 2025 fiscal year, driven by disciplined cost containment and punctual debt servicing.While this surpl...Published: 19 May 2025 at 09:27hrs | 208 | by Staff reporter
FBC blames tight policy for choking transaction volumes
Financial services giant FBC Bank has attributed a sharp decline in transaction volumes to the Reserve Bank of Zimbabwe's (RBZ) continued tight monetary policy, which it says has squeezed liquidity an...Published: 16 May 2025 at 09:50hrs | 72 | by Staff reporter
Bulawayo signs landmark innovation MoU
The City of Bulawayo has made a strategic leap towards becoming the nation's innovation powerhouse by signing a Memorandum of Understanding (MoU) with the Research Council of Zimbabwe (RCZ), Zimbabwe ...Published: 12 May 2025 at 18:08hrs | 183 | by Staff reporter
Zimbabwe's beef output rises 5.1% in 2024
Zimbabwe produced 94,600 tonnes of beef in 2024, a 5.1 percent increase from 90,000 tonnes in 2023, driven by drought-induced emergency destocking and a steadily growing national herd, according to th...Published: 11 May 2025 at 12:37hrs | 115 | by Staff reporter
Zimbabwe to Host 10th Edition of AFI Aviation Week in Victoria Falls
Zimbabwe is preparing to host the 10th edition of the Africa and Indian Ocean Aviation Week (AFI Week), a flagship annual event organised by the International Civil Aviation Organisation (ICAO). The h...Published: 24 Apr 2025 at 21:14hrs | 306 | by Staff reporter
ZITF Company secures US$12 million for shopping complex
The Zimbabwe International Trade Fair (ZITF) Company has announced a major milestone in its transformation, securing a US$12 million investment for the construction of a modern shopping centre at its ...Published: 24 Apr 2025 at 07:18hrs | 250 | by Staff reporter
Bulawayo ranks second in GDP contribution
Bulawayo Metropolitan Province has cemented its position as Zimbabwe's second-largest contributor to the national gross domestic product (GDP), following closely behind Harare. This development was re...Published: 22 Apr 2025 at 07:37hrs | 1373 | by Staff reporter
Bulawayo reimagines its future as 65th ZITF opens
As the 65th edition of the Zimbabwe International Trade Fair (ZITF) kicks off in Bulawayo today, the host city is seizing the moment to present itself not merely as an event venue, but as a bold and a...Published: 21 Apr 2025 at 08:56hrs | 322 | by Staff reporter
Dairibord to start toll production in SA
Dairibord Holdings is set to expand its operations in the region to drive export growth, with South Africa as the immediate destination for a planned toll manufacturing project. The initiative is expe...Published: 02 Apr 2025 at 08:48hrs | 135 | by Staff reporter
Modi takes over Choppies outlets
Retail chain operator Sai Mart, owned by Bulawayo businessman and legislator Raj Modi, has successfully acquired all former Choppies Zimbabwe outlets nationwide and is now embarking on an extensive re...Published: 10 Mar 2025 at 08:41hrs | 1701 | by Staff reporter
Bulawayo seeks to tap into diaspora market for economic growth
Bulawayo councillors are advocating for the creation of an inter-departmental team to market the city to potential investors in the diaspora. The move comes as the city prepares to host its inaugural ...Published: 09 Mar 2025 at 13:16hrs | 71 | by Staff reporter
Zimbabwe central bank urges banks to increase ZiG lending
With the Zimbabwe Gold (ZiG) currency now largely stable, the Reserve Bank of Zimbabwe (RBZ) has urged banks to increase lending in ZiG, assuring financial institutions that the risk of depreciation h...Published: 01 Mar 2025 at 08:56hrs | 205 | by Staff reporter
OK Zimbabwe's poor performing executives fired on the spot
Veteran business executive Mr. Willard Zireva has returned as the Chief Executive Officer (CEO) of OK Zimbabwe, one of the country's largest retail chains. Zireva, who previously led the company from ...Published: 26 Feb 2025 at 11:58hrs | 806 | by Staff reporter
Zimbabwe Must Seize the Opportunity to Attract Investment as South Africa Faces Agricultural and Economic Shifts
The ongoing upheaval in South Africa regarding the removal of white farmers and the broader implications for the country's investment climate present a unique opportunity for Zimbabwe. While the polit...Published: 19 Feb 2025 at 13:13hrs | 496 | by Marilyn Mutize
Haulin Quarry Mine boosts Bulawayo's construction sector with competitive prices
Bulawayo's business community has lauded Haulin Quarry Mine, located in Pumula North, for its competitive pricing in building materials, which has significantly impacted the region's construction sect...Published: 11 Feb 2025 at 11:05hrs | 895 | by Mandla Ndlovu
Mnangagwa praises Akinwumi Adesina
President Emmerson Mnangagwa has congratulated Dr Akinwumi Adesina for his outstanding leadership at the helm of the African Development Bank (AfDB), marking the end of his decade-long tenure as presi...Published: 08 Feb 2025 at 12:40hrs | 220 | by Staff reporter
Zimbabwe central bank cuts exporter retention threshold
The Reserve Bank of Zimbabwe (RBZ) has reduced exporters' foreign currency retention threshold from 75% to 70% as part of efforts to promote the use of the domestic currency, the Zimbabwe Gold (ZiG), ...Published: 07 Feb 2025 at 06:34hrs | 186 | by Staff reporter
Kennedy Ndebele aims to revive Zimbabwean football
Kennedy Ndebele, a candidate for the ZIFA vice-presidency, has pledged to use his extensive experience and passion for football to rejuvenate the sport in Zimbabwe. As the January 25 elections approac...Published: 16 Jan 2025 at 07:08hrs | 249 | by Staff reporter
Zimbabwe maintains 6% economic growth target
Finance, Economic Development and Investment Minister Professor Mthuli Ncube has reaffirmed Zimbabwe's 6% economic growth projection for 2024, despite the country facing late rains this agricultural s...Published: 15 Jan 2025 at 05:48hrs | 125 | by Staff reporter
Zimbabwe Banking on Gold to Drive Economic Growth and Foreign Currency Inflows
Zimbabwe's gold sector is on track to significantly boost the country's economy, with output projected to reach 40 tonnes this year. This growth is attributed to substantial investments, a stable oper...Published: 07 Jan 2025 at 18:19hrs | 852 | by Ndou Paul
Zimbabwe Industrial Reconstruction and Growth Plan launched
The Zimbabwe Industrial Reconstruction and Growth Plan (ZIRGP) has been officially launched, marking a critical step toward revitalizing the country's economy through local procurement and enhanced mi...Published: 07 Jan 2025 at 14:02hrs | 430 | by Staff Reporter
SADC advances plans to operationalise regional development fund
The Southern African Development Community (SADC) is making significant strides towards operationalising its Regional Development Fund (RDF), a financing mechanism aimed at fostering sustained economi...Published: 21 Dec 2024 at 08:11hrs | 94 | by Staff reporter
The impact of duty-free incentives in the 2025 national budget
The 2025 National Budget is a forward-thinking approach to economic recovery and national development, introducing strategic duty-free incentives aimed at empowering local industries, stimulating econ...Published: 17 Dec 2024 at 20:12hrs | 1062 | by Innocent Mujeri
Stanbic named best ovderall bank 2024
Harare, 17 December 2024 - Stanbic Bank Zimbabwe has been named the overall best performing bank at the Banks and Banking Survey Awards 2024 sponsored by First Capital Bank. Stanbic Bank has n...Published: 17 Dec 2024 at 09:15hrs | 472 | by Agencies
Harnessing the Zimbabwe diaspora for economic, social development
ZIMBABWE'S diaspora, estimated to exceed five million people, constitutes about 30% of the country's population.This global community represents a powerful resource with the potential to trans...Published: 14 Dec 2024 at 21:08hrs | 375 | by Constantine Chikosi
Biti criticizes Zimbabwe's economic policies
Former finance minister Tendai Biti has strongly criticized the economic policies under the current administration, describing them as "fictitious" and blaming them for Zimbabwe's ongoing de-industria...Published: 14 Dec 2024 at 12:34hrs | 515 | by Staff reporter
Mnangagwa arrives in Botswana for first visit as SADC Chairman
President Emmerson Mnangagwa has arrived in Botswana for his first visit to the Southern African Development Community (SADC) Secretariat Headquarters since assuming the role of Chairperson of the reg...Published: 13 Dec 2024 at 12:35hrs | 186 | by Staff reporter
Victoria Falls Town Clerk named Zimbabwe's best CEO for 2024
Victoria Falls City Town Clerk, Mr. Ronnie Dube, has been awarded Zimbabwe's Best Performing Chief Executive for 2024 by the Zimbabwe CEO's Network, an organization dedicated to advancing leadership e...Published: 28 Nov 2024 at 16:56hrs | 3603 | by Staff reporter
Zimbabwe's blueberry sector eyes 30,000-tonne target by 2030
Zimbabwean horticultural farmers are aiming to produce 30,000 metric tonnes of blueberries annually by 2030, a goal that underscores the rapid growth of the sector. However, this ambitious target is b...Published: 27 Nov 2024 at 12:44hrs | 372 | by Staff reporter
All eyes on Professor Mthuli Ncube
As Zimbabwe prepares for the presentation of the 2025 National Budget, all eyes are on Finance, Economic Development, and Investment Promotion Minister, Professor Mthuli Ncube. The Budget, which serve...Published: 27 Nov 2024 at 08:13hrs | 1090 | by Staff reporter
PPC Zimbabwe lays off managers
Cement manufacturer PPC Zimbabwe is facing growing discontent among its middle-level management in the southern region following reports that over 20 local managers are set to be laid off as part of a...Published: 27 Nov 2024 at 07:08hrs | 1637 | by Staff reporter
Plundering of Zimbabwe's minerals stalling a just energy transition in fighting climate change
In his address at a High-Level Meeting on Resourcing the Energy Transition with Justice and Equity, held on the sidelines of COP29 in Baku, Azerbaijan, Zimbabwe's President Emmerson Mnangagwa delivere...Published: 14 Nov 2024 at 12:37hrs | 175 | by Tendai Ruben Mbofana
Mnangagwa says mineral-rich countries must not remain poor
As the world transitions toward renewable energy, Zimbabwe and other mineral-rich nations must not remain impoverished but should harness opportunities to drive sustainable growth, President Emmerson ...Published: 14 Nov 2024 at 09:24hrs | 102 | by Staff reporter
Chiwenga calls for stronger public-private partnerships
Vice-President Dr. Constantino Chiwenga emphasized the need for stronger partnerships between the Zimbabwean Government and private sector to accelerate infrastructure development and propel economic ...Published: 08 Nov 2024 at 06:59hrs | 68 | by Staff reporter
Zimbabwe's economy to grow 6% in 2025
Zimbabwe's economy is projected to expand by six percent in 2025, bolstered by favorable rainfall conditions that are expected to boost agricultural productivity, Finance, Economic Development, and In...Published: 07 Nov 2024 at 07:00hrs | 369 | by Staff reporter
Joint venture to upgrade Harare-Nyamapanda Road
The Zimbabwean Cabinet, under the leadership of Honourable Anxious Masuka, Minister of Lands, Agriculture, Fisheries, Water and Rural Development, convened to review the latest developments on the 202...Published: 07 Nov 2024 at 06:57hrs | 215 | by Staff reporter
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