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Chiredzi SMEs complement Vision 2030, empower less privileged
Over a thousand members drawn from Chiredzi rural and urban districts operating micro, small to medium enterprises are complementing government efforts to attain upper-middle income economic status by...Published: 22 Feb 2025 at 11:07hrs | 663 | by Gideon Madzikatidze/Simbarashe Sithole recently in Chiredzi
Illicit wealth case resumes in Zimbabwe court
The trial of Dennis Madondo, a 33-year-old man from Murehwa accused of acquiring property using illicit funds, resumed yesterday, with the prosecution presenting evidence on his unexplained wealth....Published: 18 Feb 2025 at 03:30hrs | 497 | by Staff reporter
OK Zimbabwe begins restocking after weeks of empty shelves
Troubled retailer OK Zimbabwe has announced that it has started restocking its outlets following weeks of empty shelves and temporary closures due to macroeconomic challenges, particularly exchange ra...Published: 17 Feb 2025 at 12:37hrs | 1667 | by Staff reporter
Mphoko's son moves to block Choppies sale to Raji Modi
Siqokoqela Mphoko, son of the late former Vice President Phelekezela Mphoko, has filed an urgent chamber application seeking to prevent the sale of Choppies Zimbabwe to Bulawayo businessman and Deputy...Published: 16 Feb 2025 at 16:42hrs | 1925 | by Staff reporter
The Unholy Pursuit of Power: A Rebuttal to the Proposal for Extending President Mnangagwa's Term
An article by Tinotenda recently espoused the notion that the proposal for extending President Mnangagwa's term is centered around ensuring continuity and stability in Zimbabwe's economic recovery and...Published: 15 Feb 2025 at 22:45hrs | 426 | by Etiwel Mutero
Zimbabwe's bullion-backed ZiG is missing out on gold's record run
Zimbabwe's bullion-backed currency is missing out on an impressive gold rally, because of a liquidity squeeze that's choking the economy and difficulties in exchanging the unit for dollars.Sin...Published: 14 Feb 2025 at 08:40hrs | 431 | by Staff reporter
South Africans kiss Pick n Pay stores goodbye
South Africa's Pick n Pay retailer is facing mounting challenges as it continues to shut down both company-owned and franchise stores across the country, with many South Africans bidding farewell to t...Published: 11 Feb 2025 at 10:05hrs | 6416 | by Staff reporter
Bus operator ordered to pay US$145,000 for fatal crash
Mandeep Tours, a luxury bus operator, has been ordered to pay US$145,042.94 in damages to Govasberg, another bus company, for the total loss of its bus in a tragic head-on collision that claimed 13 li...Published: 10 Feb 2025 at 06:34hrs | 1012 | by Staff reporter
BCC resolves to permanently close 5th Ave market
Bulawayo City Council has resolved to permanently close the 5th Avenue vegetable trading market, citing the need to enhance urban planning, improve safety, and support sustainable business growth. The...Published: 09 Feb 2025 at 11:24hrs | 2360 | by Staff reporter
Bulawayo City Council steps up efforts to restore order in CBD
The Bulawayo City Council (BCC) has announced plans to maintain a strong security presence at key vending sites and illegal commuter pick-up points in the Central Business District (CBD) as part of it...Published: 09 Feb 2025 at 11:23hrs | 958 | by Staff reporter
Zimbabwe struggles to promote ZiG
THE Zimbabwean government faces challenges in promoting the Zimbabwe Gold (ZiG) currency for financial stability, as some businesses remain reluctant to accept it, preferring the U.S. dollar, which re...Published: 08 Feb 2025 at 12:52hrs | 579 | by Staff reporter
Bulawayo City Council cracks down on illegal street vendors
The National Consumer Rights Association (Nacora) has expressed support for the ongoing operation by the Bulawayo City Council (BCC) aimed at curbing the growing presence of illegal street vendors in ...Published: 08 Feb 2025 at 12:46hrs | 2377 | by Staff reporter
Zimbabwe central bank speaks on retailers
The Reserve Bank of Zimbabwe (RBZ) has dismissed claims by registered retailers that the country's economic environment is to blame for their operational challenges, pointing instead to gross mismanag...Published: 08 Feb 2025 at 12:30hrs | 182 | by Staff reporter
Zimbabwe central bank goes after informal traders forex, exporters' proceeds
The Reserve Bank of Zimbabwe (RBZ) has announced a further reduction in export retention proceeds, cutting them by an additional 5%, as part of measures aimed at boosting foreign currency reserves and...Published: 07 Feb 2025 at 06:43hrs | 1181 | by Staff reporter
Zimbabwe raises savings rates, cuts POS charges
The Reserve Bank of Zimbabwe (RBZ) has introduced a series of bold monetary policy measures aimed at promoting the use of the Zimbabwe Gold (ZiG) currency and enhancing economic stability. These measu...Published: 07 Feb 2025 at 06:35hrs | 392 | by Staff reporter
Shunned by the West, Zimbabwe's UAE gamble hands economy a lifeline
Zimbabwean President Emmerson Mnangagwa's six years of wooing the United Arab Emirates has given a lifeline to a nation that the West has ostracised for a quarter century and is unable to repay its lo...Published: 06 Feb 2025 at 09:12hrs | 1307 | by Staff reporter
Egodini deal terminated
The Bulawayo City Council (BCC) has officially moved to terminate the lease agreement with Terracotta Trading Private Limited for the US$60 million Egodini Redevelopment Project due to the contractor'...Published: 06 Feb 2025 at 07:34hrs | 2184 | by Staff reporter
Zimbabwe's seed certification scheme to be reviewed
Zimbabwe's agriculture sector is set for a significant overhaul as stakeholders organize a write shop aimed at realigning and updating the country's Seed Certification Scheme. This initiative, part of...Published: 05 Feb 2025 at 13:55hrs | 162 | by Staff reporter
Zimbabwe central bank widens blitz on defiant business
The Reserve Bank of Zimbabwe (RBZ) has announced an expanded blitz targeting businesses across the country that are refusing to comply with government directives on the use of the multicurrency system...Published: 05 Feb 2025 at 11:42hrs | 350 | by Staff reporter
80% of Matebeleland South roads untrafficable
At least 80% of the road infrastructure in Matebeleland South has been severely damaged by heavy rains that have pounded Zimbabwe in recent weeks, a Zanu-PF lawmaker has claimed. The province has been...Published: 02 Feb 2025 at 18:50hrs | 1145 | by Staff reporter
The futility of Zimbabwe's crackdown on the informal sector
The Zimbabwean government has once again embarked on a futile mission to regulate the informal sector, a behemoth that has long outgrown the state's capacity to control it.In a desperate bid t...Published: 01 Feb 2025 at 21:32hrs | 1014 | by Tendai Ruben Mbofana
Zimbabwe's retail sector crisis worsens as shops continue closing
Zimbabwe's retail sector is facing an unprecedented crisis, with several major retailers and wholesalers forced to close branches amid a series of economic challenges. This Thursday, President Emmerso...Published: 01 Feb 2025 at 08:57hrs | 2019 | by Staff reporter
Pay back US$38 500, businessman ordered
A Kwekwe businessman, James Paradza (46), has been convicted of theft after defrauding Bhola Hardware City of cellphones and accessories worth US$38,500. The ruling was delivered after a full trial be...Published: 31 Jan 2025 at 07:26hrs | 496 | by Staff reporter
Delta challenges US$73 million tax assessments by ZIMRA
LISTED beverages giant, Delta Corporation Limited, is contesting tax assessments issued by the Zimbabwe Revenue Authority (ZIMRA) for amounts the company believes should have been payable exclusively ...Published: 30 Jan 2025 at 06:38hrs | 279 | by Staff reporter
Zimbabwe inflation rises sharply in January
Zimbabwe's inflation rate rose sharply in January in both U.S. dollar and local currency terms, spurred by food and housing prices.In dollar terms inflation accelerated to 14.6% year on year a...Published: 28 Jan 2025 at 21:53hrs | 1336 | by Staff reporter
Harare retail outlets resemble deserted ruins after war on smuggling
Retail outlets across Harare are increasingly resembling deserted ruins, offering a stark reflection of Zimbabwe's worsening economic conditions. As the country grapples with ongoing economic shocks, ...Published: 28 Jan 2025 at 07:06hrs | 1077 | by Staff reporter
Fuel dealer in US$45,000 theft storm
A Harare-based fuel dealer, Michael Dzimiri (36), has appeared in court on charges of stealing fuel valued at US$45,000 from a fellow trader, Precious Mahosho (48), who operates under Smart Petroleum ...Published: 21 Jan 2025 at 13:42hrs | 285 | by Staff reporter
Zhengzhou Bus Zimbabwe denies suspension of operations
Chinese bus manufacturer Zhengzhou Bus Zimbabwe has dismissed falsehoods that it has suspended its operations locally.The company, which is known for its popular Zhongtong and Yutong brands of...Published: 16 Jan 2025 at 07:15hrs | 2951 | by Staff reporter
SA in record-high grain exports to Zimbabwe
The Port of Durban is currently receiving a shipment of imported white maize, marking the first import of the grain since March 2017 when South Africa was grappling with a severe drought.The A...Published: 15 Jan 2025 at 06:44hrs | 659 | by Staff reporter
Red flag over SA food poisoning crisis
Bulawayo City Council (BCC) has intensified its vigilance on food safety following reports of food poisoning incidents in South Africa, where more than 20 children died and nearly 890 incidents of foo...Published: 13 Jan 2025 at 07:23hrs | 1040 | by Staff reporter
Chinese Foreign Minister to visit Zimbabwe
Chinese Foreign Minister Wang Yi's current visit to Africa is a demonstration of the strong and deep-rooted bond between China and Africa, a Zimbabwean expert said Wednesday.Munetsi Madakufamb...Published: 12 Jan 2025 at 17:35hrs | 396 | by Staff reporter
Different Types of Forex Brokers
Different Types of Forex Brokers The foreign exchange market is a global, decentralized marketplace where currencies are traded. This i...Published: 09 Jan 2025 at 16:16hrs | 428 | by Staff Reporter
Buses hike fares
Zimbabweans gearing up for festive holiday travel were left frustrated yesterday as transport operators hiked fares by over 50%, exploiting the surge in demand. This comes against the backdrop of a st...Published: 24 Dec 2024 at 12:32hrs | 1668 | by Staff reporter
US think tank warns of civil unrest over push for Mnangagwa 2030
A United States-based think tank has raised alarm over the growing push by President Emmerson Mnangagwa's loyalists to extend his term of office from 2028 to 2030, warning that it could lead to widesp...Published: 22 Dec 2024 at 11:16hrs | 1038 | by Staff reporter
Zimbabwean Nationals are a target of international cyber criminals
As more and more Zimbabweans embrace the digital economy, the rise of cybercrime has become a significant concern for its citizens. With increasing internet penetration, more individuals are engaging ...Published: 20 Dec 2024 at 12:19hrs | 311 | by Jacob Kudzayi Mutisi
Mthuli Ncube's 2025 Budget to increase cost of doing business
Leading retailer OK Zimbabwe has expressed concern that the 2025 National Budget, as outlined by Finance Minister Prof Mthuli Ncube, will increase business costs, further exacerbating an already chall...Published: 20 Dec 2024 at 11:12hrs | 580 | by Staff reporter
Zimbabwe struggles to tackle smuggling as festive season approaches
The Zimbabwean government has expressed concerns over its ability to combat smuggling during the festive season due to limited resources, particularly fuel, required to support the taskforce teams. St...Published: 19 Dec 2024 at 16:48hrs | 161 | by Staff reporter
Mthuli Ncube cracks down on smugglers
The Government of Zimbabwe has initiated a nationwide crackdown on smuggling through cross-border buses and illegal businesses trading in contraband to safeguard local industries and protect consumer ...Published: 17 Dec 2024 at 06:34hrs | 1829 | by Staff reporter
Marula Mining ceases Zimbabwe operations
Marula Mining PLC, an investment and development company focused on African mining opportunities, has officially announced that it will cease exploration and project acquisition activities in Zimbabwe...Published: 16 Dec 2024 at 13:55hrs | 2113 | by Staff reporter
Harare City Council fines 12 bottle stores
Harare City Council has penalized 12 bottle store operators in the central business district (CBD) with fines amounting to US$3,600 for violating operating hours. Each offender was fined US$300 after ...Published: 14 Dec 2024 at 10:20hrs | 82 | by Staff reporter
Mbanje transporter jailed 10 years
A 32-year-old truck driver from Beitbridge, Tapson Madziyanise, has been sentenced to 10 years in prison after being caught transporting 78 kilograms of cannabis in a South African-registered commerci...Published: 13 Dec 2024 at 09:30hrs | 177 | by Staff reporter
Zimra wants Zimbabwe churches to 'Give to Caesar what belongs to Caesar'
The Zimbabwe Revenue Authority (ZIMRA) has announced plans to hold a stakeholder engagement with churches to discuss tax compliance across various applicable categories, aiming to enhance transparency...Published: 12 Dec 2024 at 14:59hrs | 1092 | by Staff reporter
Pick n Pay shuts first hyper market
Pick n Pay has quietly shut one of its Hypermarkets, the store known as Hyper Vaal. This is the first Hypermarket that has closed in the country.It is located in the Bedworth Centre, on ...Published: 11 Dec 2024 at 06:10hrs | 1555 | by Staff reporter
'Mutapa Fund will become Zimbabwe's economic bedrock'
Finance, Economic Development, and Investment Promotion Minister, Mthuli Ncube, has expressed strong confidence in the future of the Mutapa Investment Fund (MIF), highlighting its potential as a key d...Published: 09 Dec 2024 at 07:03hrs | 680 | by Staff reporter
Zimbabwe consortium seeks US$3 billion for power transmission project
The Intensive Energy User Group (IEUG), a local power consortium, is calling for over US$3 billion in investment over the next five years to enhance transmission infrastructure and address power imbal...Published: 09 Dec 2024 at 06:58hrs | 674 | by Staff reporter
Slough is Britain's most miserable place to live
BRITAIN'S most miserable places to live have been named in a new shortlist - but does your hometown make the cut? A yearly happiness study by property website Rightmove has revealed that Slough in Ber...Published: 06 Dec 2024 at 16:44hrs | 465 | by Staff reporter
London declining as financial center
The number of companies listed on the London Stock Exchange (LSE) is decreasing at the quickest pace in more than ten years, Bloomberg has reported, citing data compiled by the outlet.In 2024,...Published: 06 Dec 2024 at 14:20hrs | 282 | by Staff reporter
Mnangagwa admits his government engulfed by corruption
President Emmerson Mnangagwa has acknowledged the pervasive corruption within his government, issuing a stern warning to officials at all levels of governance, including local authorities, as he commi...Published: 01 Dec 2024 at 12:20hrs | 836 | by Staff reporter
Zanu-PF's Raj Modi interested in Choppies acquisition
Local trading firm Pin Tail Trading, which operates the Sai Mart retail chain, has expressed interest in acquiring Choppies Enterprises Limited's Zimbabwe operations. The leading supermarket chain rec...Published: 01 Dec 2024 at 08:54hrs | 3503 | by Staff reporter
Trump threatens BRICS for trying to move away from the dollar
The BRICS nations will be hit with 100% tariffs on their goods if they try to introduce a reserve currency to rival the dollar, US President-elect Donald Trump has warned. Trump has repeatedly threate...Published: 30 Nov 2024 at 21:26hrs | 2576 | by Staff reporter
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