CONSTRUCTION & PROPERTY

Willdale bets on property investments

Brick manufacturer Willdale Limited is banking on its property investment strategy to turn around its fortunes after sliding deeper into financial strain, with revenues nearly halved in the first half...

By Staff reporter | Published: 19 August 2025

FINANCIAL SERVICES

Nedbank sells Ecobank stake

Nedbank Group has sold its 21.2% stake in Ecobank Transnational for US$100 million to Bosquet Investments, an investment vehicle of former Ecobank chairman Alain Nkontchou.The South African lender, wh...

By Staff reporter | Published: 19 August 2025

TELECOMS & TECHNOLOGY

Zim startups join Visa's Fintech Accelerator

Zimbabwe's fintech ecosystem is gaining international recognition as two local startups, ChatCash and BigDot.ai, have been selected among 22 companies for Visa's Fourth Africa Fintech Accelerator. The...

By Staff reporter | Published: 19 August 2025

LANDS & AGRICULTURE

Zimbabwe earns US$534 million from tobacco

Zimbabwe has earned US$533,606,263 from the export of 97,088,716 kilograms of tobacco since the start of the year, at an average price of US$5.50 per kilogram, according to the latest weekly report fr...

By Staff reporter | Published: 19 August 2025

INDUSTRIALS & ENERGY

Chinese nickel giant to invest $800m in Zimbabwe

Chinese nickel producer Tsingshan Holding Group will invest $800 million in expanding its steel plant in central Zimbabwe through its unit Dinson Iron and Steel Company.Tsingshan, among the world's la...

By Staff reporter | Published: 19 August 2025

MINING & RETAIL

Manhize plant posts US$100m sales in first half

The Dinson Iron and Steel Company (Disco) in Manhize, Midlands Province, has raked in nearly US$100 million in steel sales during the first half of the year, marking a major milestone in Zimbabwe's e...

By Staff reporter | Published: 19 August 2025

TRANSPORT & TOURISM

Unifreight shifts focus towards cross-border

Transport and logistics group Unifreight Africa Limited (Unifreight) has reduced its reliance on the less-than-truckload (LTL) business from 87% of revenue in 2021 to about one-third in 2025, as the ...

By Staff reporter | Published: 18 August 2025

BUSINESS NEWS

Harare urged to privatise service delivery

Local Government Minister Daniel Garwe has called on Harare City Council to privatise key service delivery functions, including water supply, wastewater management, refuse collection, and street light...

By Staff reporter | Published: 18 August 2025

BUSINESS NEWS

Seed Co sets aside US$7,24m for capex

Seed Co International Limited (SCIL) has earmarked US$7,24 million for capital expenditure (capex) in its current financial year ending March 31, 2026, as the regional seed producer consolidates its e...

By Staff reporter | Published: 18 August 2025

MINING & RETAIL

'Over 2 000 jobs created at Manhize'

Over 2,000 jobs have already been created at Dinson Iron and Steel Company (Disco) in its first operational phase, with the number expected to double as the US$1 billion project expands, a senior gove...

By Staff reporter | Published: 18 August 2025

LANDS & AGRICULTURE

Zimbabwe imposes livestock movement ban

In an urgent bid to curb a rapidly spreading Foot and Mouth Disease (FMD) outbreak, the Zimbabwean government has announced an immediate, nationwide ban on all livestock movement, alongside the dispat...

By Staff reporter | Published: 18 August 2025

FINANCIAL SERVICES

Banks to report on rural financial literacy outreach

The Reserve Bank of Zimbabwe (RBZ) has stepped up efforts to promote financial literacy in rural and marginalised communities, directing all banks and microfinance institutions to submit quarterly up...

By Staff reporter | Published: 18 August 2025

MINING & RETAIL

RioZim to appeal ruling in assets disposal fight

RioZim Limited says it will appeal against an interim relief granted in favour of the Zimbabwe Diamond & Allied Minerals Workers Union (ZDAMWU), which represents some of the company's employees i...

By Staff reporter | Published: 18 August 2025

CONSTRUCTION & PROPERTY

Murray & Roberts shutting down after 120 years

Murray & Roberts, one of South Africa's oldest and most iconic construction companies, is facing the end of its operations after over 120 years, following the initiation of liquidation proceedings...

By Staff reporter | Published: 17 August 2025

TELECOMS & TECHNOLOGY

Starlink users in Zim pay USD$5 regulatory fee

The launch of Starlink in Zimbabwe was initially met with excitement, promising high-speed, reliable, and affordable internet in a country long plagued by erratic connectivity and steep costs. Howeve...

By Staff reporter | Published: 17 August 2025

INDUSTRIALS & ENERGY

Zimbabwe's textile industry on the brink

Zimbabwe's once-thriving textile industry is facing imminent collapse, crippled by a surge in second-hand clothing imports and rampant smuggling that continue to erode the market share of local manufa...

By Staff reporter | Published: 17 August 2025

INDUSTRIALS & ENERGY

ZETDC official in court over tender documents

A senior official at the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has appeared in court alongside his son on allegations of forging company documents to secure a lucrative t...

By Staff reporter | Published: 17 August 2025

MINING & RETAIL

Small-scale miners lead Zimbabwe's gold deliveries

Small-scale miners have emerged as the driving force behind Zimbabwe's gold output in the first half of 2025, delivering the bulk of the 24.32 tonnes processed during this period.According to data fr...

By Staff reporter | Published: 16 August 2025

LANDS & AGRICULTURE

Zimbabwe-China tobacco expo set for September

Zimbabwe's tobacco industry is set for a major boost with the inaugural Zim-China Tobacco Expo, scheduled to take place from September 17 to 19 at the Rainbow Towers Hotel and Conference Centre in Har...

By Staff reporter | Published: 16 August 2025

BUSINESS NEWS

Zimbabwe's broken railways threaten lithium, tobacco exports

Zimbabwe's crumbling railway system, once the backbone of the economy, has become a major obstacle to growth, inflating transport costs, stifling exports, and threatening emerging sectors such as lit...

By Staff reporter | Published: 16 August 2025

MINING & RETAIL

3 killed in mine shaft collapse

THREE artisanal miners lost their lives and two others were seriously injured when a mine shaft collapsed in the Mandindi area near Sino Cement on Wednesday, local authorities confirmed.Gweru distric...

By Staff reporter | Published: 16 August 2025

INDUSTRIALS & ENERGY

MPs slam govt over rural electrification delays

LEGISLATORS have criticised the government for failing to electrify rural communities, a move they say is crucial for driving industrialisation and improving education.In an interview yesterday, Gwan...

By Staff reporter | Published: 16 August 2025

FINANCIAL SERVICES

Ex-bank consultant jailed for US$23,000 fraud

A former ZB Bank loan consultant, Cosmas Bhude, has been sentenced to an effective three years and nine months in prison for defrauding clients of more than US$23,000 through a series of fraudulent l...

By Staff reporter | Published: 16 August 2025

MINING & RETAIL

Zimbabwe's lithium smugglers defy export ban

Zimbabwe is losing millions of dollars through the illicit export of raw lithium, despite a government ban introduced in 2022 to force miners to process the mineral locally. The ban, first imposed un...

By Staff reporter | Published: 16 August 2025

LANDS & AGRICULTURE

Poaching threatens US$10m black pepper project

A lucrative US$10 million black pepper farming venture at Sable Ranch Farm in Marondera is under serious threat from rampant firewood poaching, with allegations that state security agencies are invol...

By Staff reporter | Published: 16 August 2025
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