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Zimbabwe trade deficit drops 94.5% in July

Zimbabwe's external trade position saw a remarkable turnaround in July 2025, with the nation's goods trade deficit plunging by 94.5 percent to just US$8.7 million, according to the Zimbabwe National Statistics Agency (Zimstat). The sharp i…

Published: 31 Aug 2025 at 09:19hrs | 88 | by Staff reporter

Inmates trade sugar, porridge for weed

GWANDA - Two serving prison inmates, Hloniphani Mkwananzi (42) and Tiisetse Ngulube, have been sentenced to 15 months in prison for trading food items received from relatives in exchange for cannabis.The items included four packets of suga…

Published: 16 Jul 2025 at 16:01hrs | 568 | by Gideon Madzikatidze

US warns Zimbabwe trade talks could collapse

The United States has cautioned that Zimbabwe's efforts to secure reduced tariffs on its exports face significant risks due to tight negotiation timelines, even as a temporary reprieve has been granted by the Trump administration.On April …

Published: 12 Jun 2025 at 19:01hrs | 332 | by Staff reporter

'Zimbabwe, EU ties to top US$1bn'

Trade and investment ties between Zimbabwe and the European Union (EU) are expected to exceed US$1 billion in the coming years, as both parties strengthen economic collaboration, EU Ambassador to Zimbabwe Jobst Von Kirchmann announced yest…

Published: 21 May 2025 at 19:54hrs | 293 | by Staff reporter

Zimbabwe's trade deficit widens by 28%

Zimbabwe's trade deficit ballooned to US$543 million in the first quarter of 2025, marking a 28% increase from the US$424 million recorded during the same period last year, according to the latest figures from the Zimbabwe National Statist…

Published: 17 May 2025 at 14:01hrs | 111 | by Staff reporter

Govt approves motorbikes for rural district councillors

The Ministry of Local Government and Public Works has authorized rural district councils (RDCs) to acquire motorbikes for their councillors as part of a broader government initiative to improve service delivery across rural Zimbabwe.Severa…

Published: 13 May 2025 at 10:25hrs | 156 | by Staff reporter

17 tonnes of T-shirts land Zimra officials, NGO director in court

Two Zimbabwe Revenue Authority (Zimra) officials, along with five other individuals, have been arrested and brought before the Harare Magistrates' Courts following allegations of smuggling 17 tonnes of T-shirts into the country to evade im…

Published: 13 May 2025 at 10:25hrs | 5845 | by Staff reporter

Zimbabwe, EU celebrate growing trade

Zimbabwe and the European Union (EU) have marked a significant milestone in their growing economic partnership, with trade between the two entities increasing by 30% and foreign direct investment (FDI) surging by 90% in recent years.At a p…

Published: 13 May 2025 at 10:23hrs | 134 | by Staff reporter

China reaffirms commitment to Zimbabwe's industrialisation agenda

Chinese ambassador Zhou Ding has reiterated his country's strong commitment to supporting Zimbabwe's industrialisation and sustainable development agenda, as economic ties between the two nations continue to strengthen.Speaking at the Inte…

Published: 25 Apr 2025 at 07:27hrs | 38 | by Staff reporter

Brigadier-General Rungani dies

Retired Brigadier-General Victor Chikudo Rungani, a respected figure in the Zimbabwe National Army (ZNA) and a prominent member of the Masvingo Business Association, has passed away at the age of 76. He died early on Tuesday morning at Mbu…

Published: 24 Apr 2025 at 07:17hrs | 700 | by Staff reporter

Colonial master pledges stronger trade and investment ties with its colony

The United Kingdom has reaffirmed its commitment to strengthening relations with Zimbabwe, placing a particular focus on boosting trade and investment between the two countries. This was revealed by British Ambassador to Zimbabwe, Mr Pete …

Published: 24 Apr 2025 at 07:16hrs | 76 | by Staff reporter

Zimbabwe trade deficit narrows to US$137,7 million

Zimbabwe's trade deficit shrank to US$137.7 million in October 2024, marking a 34.3% decrease from the US$209.5 million recorded in September. This positive trend is attributed to a significant growth in exports and continued trade with ke…

Published: 07 Dec 2024 at 10:33hrs | 533 | by Staff reporter

China-Zimbabwe trade hits US$3 billion

Trade between Zimbabwe and China has surpassed US$3 billion in 2024, highlighting the growing economic ties under a comprehensive strategic partnership, Chinese Ambassador to Zimbabwe Zhou Ding revealed on Friday.Speaking during the China-…

Published: 29 Nov 2024 at 18:43hrs | 333 | by Staff reporter

'Britain will not pay slave trade reparations'

Britain will not raise the issue of reparations for transatlantic slavery at a meeting of Commonwealth nations this week, according to a Reuters report on Monday.The Commonwealth Heads of Government Meeting (CHOGM) kicked off in Samoa on M…

Published: 22 Oct 2024 at 10:51hrs | 682 | by Staff reporter

Intra-Africa exports surge

At the 31st Afreximbank Annual Meetings in Nassau, The Bahamas, Kwazulu-Natal premier Nomusa Dube-Ncube highlighted Africa's growing intracontinental commerce, which now constitutes 16.3% of total trade. This figure, while relatively modes…

Published: 13 Jun 2024 at 10:26hrs | 2 | by Staff reporter

Zimbabwe suffers US$6,8 billion trade gap

ZIMBABWE has operated in negative trade deficit of US$6,8 billion for the last four years,  a trend which is unsustainable in the long run according to Buy Zimbabwe, a campaign outfit that advocates for the consumption of domestic pro…

Published: 25 Feb 2024 at 07:21hrs | 19 | by Staff reporter

Zimbabwe to grow trade with friendly nations

THERE is a need to increase trade with friendly countries as a strategy to counter illegal sanctions imposed on Zimbabwe by some powerful Western nations, President Mnangagwa said here yesterday after meeting executives from the world's le…

Published: 15 Feb 2024 at 10:03hrs | 9 | by Staff reporter

Zimbabwe's trade deficit reaches US$268,7million

ZIMBABWE exported goods worth US$550,6 million in December with three major export destinations South Africa, the United Arab Emirates and China accounting for about 73 percent of the total value, latest data from the Zimbabwe Statistics A…

Published: 30 Jan 2024 at 04:21hrs | 7 | by Staff reporter

Zimbabwe, UK enter new trade era

THE influential Westminster Africa Business Group has expressed its interest to set up camp in Zimbabwe and open doors for British investments to come into the country.This comes as Zimbabwe has put in place appropriate policy and legislat…

Published: 24 Jan 2024 at 04:48hrs | 5 | by Staff reporter

Mthuli Ncube weaponising foreign trade to fight local firms

ZIMBABWE'S rulers think that it is within their rights to destroy their economy and turn to neighbours for stop gap solutions.This weird belief was passed from the late strongman, Robert Mugabe to his successor, President Emmerson Mnangagw…

Published: 20 May 2023 at 19:58hrs | 5 | by Staff reporter

Zimbabwe's trade deficit narrows

Zimbabwe recorded a sharp decline in trade deficit in January this year after exports surged modestly compared to the prior month, December 2021, official statistics show.In January 2022 Zimbabwe exported goods worth US$5439 million, 8 per…

Published: 11 Apr 2022 at 06:27hrs | 8 | by Staff reporter

ASX halts Arcadia trading

AUSTRALIA Stock Exchange (ASX)listed resources firm halted trading on Tuesday amid reports the firm has lined up a capital raising deal.The firm has been developing Arcadia lithium mine in Zimbabwe since 2018.Tuesday's development came a f…

Published: 15 Apr 2021 at 07:30hrs | 4 | by Staff reporter

AfCFTA will launch Africa forward post Covid-19

THE African Continental Free Trade Area (AfCFTA) was established in 2018 with the aim to create a single market for goods and services, facilitated by movement of persons to deepen the economic integration of the African continent, under t…

Published: 31 Jan 2021 at 10:03hrs | 9 | by Admire Maparadza Dube

US reviews trade preferences eligibility for Zimbabwe

THE United States of America has announced that it will begin a Generalized System of Preferences (GSP) trade preferences eligibility review for Zimbabwe.Below is the press statement:The Office of the United States Trade Representative (US…

Published: 02 Nov 2020 at 07:01hrs | 10 | by Staff reporter

'Trade in forex, pay tax in forex'

The Zimbabwe Revenue Authority has directed businesses that are trading in multi-currencies to remit taxes in the same currency in which the goods have been sold. "Zimbabwe Revenue Authority has noticed that there are businesses that are t…

Published: 19 Nov 2018 at 05:56hrs | 875 | by Staff reporter

Zimbabwe parliament should ratify continental free trade pact

On March 21 this year, President Emmerson Mnangagwa was one of the Heads of State and government who signed the African Continental Free Trade (AfCFTA).The protocol has now been signed by 49 of the 55 African Union (AU) member States. Desp…

Published: 02 Nov 2018 at 06:03hrs | 6 | by John Makamure

Mnangagwa's daughter sucked in illicit ivory trade court case

Two ivory dealers have appeared in court facing charges of illegally selling unregistered ivory products in a case which has sucked in former first lady Grace Mugabe and President Emmerson Mnangagwa's child, Tariro.State prosecutor Francis…

Published: 15 May 2018 at 09:30hrs | 14 | by Staff reporter

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