BUSINESS NEWS

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...

By Staff reporter | Published: 18 July 2025

POLITICS

Council ropes in Mnangagwa

Amid escalating losses and allegations of deep-rooted corruption, Harare City Council has turned to President Emmerson Mnangagwa's office to intervene in the stalled acquisition of a critical Enterpri...

By Staff reporter | Published: 17 July 2025

BUSINESS NEWS

Zimra turns screws on fake electronic gadgets

The Zimbabwe Revenue Authority (Zimra) has intensified enforcement efforts at the country's borders in response to a surge in counterfeit electronic goods undermining tax compliance and local business...

By Staff reporter | Published: 17 July 2025

BUSINESS NEWS

Mutapa, Jindal Steel seal US$455m deal

The Mutapa Investment Fund (MIF) has finalized a $455 million concession agreement with Indian conglomerate Jindal Steel and Power Company for the rehabilitation of Units 1 to 6 at Hwange Thermal Powe...

By Staff reporter | Published: 17 July 2025

BUSINESS NEWS

Private hospitals to treat emergency cases regardless of payment

New legislation tabled in Parliament seeks to compel private hospitals to admit patients with life-threatening conditions for at least 48 hours-even if they cannot afford the services.The Medical Serv...

By Staff reporter | Published: 17 July 2025

POLITICS

Mudzuri moves to oust Mwonzora from MDC headquarters

A fierce power struggle has erupted within the MDC-T party as Vice President Elias Mudzuri, reportedly in alliance with Morgen Komichi, launched an audacious attempt to remove party leader Douglas Mwo...

By Staff reporter | Published: 17 July 2025

BUSINESS NEWS

BAZ cracks down on irresponsible online content

The Broadcasting Authority of Zimbabwe (BAZ) has issued a stern warning against the rising trend of internet-based broadcasting of content that violates the country's broadcasting regulations and stan...

By Staff reporter | Published: 17 July 2025

POLITICS

Ziyambi says no urgent need for civil servants' cost-of-living adjustment

Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi has dismissed calls for an urgent review of civil servants' cost-of-living allowances, citing what he described as stable inflation le...

By Staff reporter | Published: 17 July 2025

POLITICS

Govt increases councillors' allowances

The Government has announced a new comprehensive package of allowances and benefits for local authority officials, offering them housing stands, motorbike loans, and other perks such as free parking a...

By Staff reporter | Published: 17 July 2025

BUSINESS NEWS

Zimbabwe-China trade hits US$1.9 billion

Trade between Zimbabwe and China has surged to an impressive US$1.9 billion in the first five months of 2025, reflecting an annual growth rate of over 18%, according to figures revealed at the China-Z...

By Staff reporter | Published: 17 July 2025

BUSINESS NEWS

Econet expands Kancane Kancane smartphone credit scheme

Econet Wireless Zimbabwe has expanded its popular Kancane Kancane smartphone credit scheme by extending the repayment period from just three months to up to 24 months, with no initial deposit required...

By Staff reporter | Published: 17 July 2025

BUSINESS NEWS

Zimbabwe gold makes currency history

Welcome Mavingire, managing consultant at INTELLEGO Investment Consultants, has hailed the Zimbabwe Gold (ZiG) currency's recent stability as the longest sustained period for a domestic currency in...

By Staff reporter | Published: 14 July 2025

BUSINESS NEWS

Police officers in uniform banned from betting shops

Police officers in uniform are strictly prohibited from entering betting shops or gambling in casinos in Zimbabwe, national police spokesperson Commissioner Paul Nyathi has revealed.Comm Nyathi made t...

By Staff reporter | Published: 14 July 2025

BUSINESS NEWS

Zimbabwe govt fiddles while UZ burns

The University of Zimbabwe (UZ) has suspended six students accused of mobilising their peers to participate in a protest against the institution's administration, as the ongoing lecturers' strike cont...

By Staff reporter | Published: 14 July 2025

BUSINESS NEWS

RBZ disburses ZiG350 million to key sectors

The RBZ announced it has disbursed ZiG350 million under its Targeted Finance Facility (TFF) to support key sectors of the economy, primarily manufacturing and agriculture, which accounted for 44.82 pe...

By Staff reporter | Published: 14 July 2025

BUSINESS NEWS

'Surge in forex inflows a boon for ZiG stability'

Zimbabwe's foreign currency receipts surged by 22 percent to US$6 billion in the first five months of 2025, according to the Reserve Bank of Zimbabwe (RBZ), a development analysts say strengthens the ...

By Staff reporter | Published: 14 July 2025

BUSINESS NEWS

Fake Red Cross first aid certificates flood black market

Criminal syndicates are allegedly selling fake Zimbabwe Red Cross Society (ZRCS) first aid certificates in a countrywide scam that the humanitarian organisation has described as both dangerous and ill...

By Staff reporter | Published: 14 July 2025

BUSINESS NEWS

Mnangagwa heads to Japan for World Expo 2025

President Emmerson Mnangagwa is expected to arrive in Japan today ahead of Zimbabwe's National Day celebrations at the World Expo 2025 Osaka, Kansai on Wednesday. His visit is part of efforts to stren...

By Staff reporter | Published: 14 July 2025

BUSINESS NEWS

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 resources as part of the solution...

By Staff reporter | Published: 14 July 2025

BUSINESS NEWS

Storm brews over 1 000ha Mashonaland farm

A storm is brewing in Zimbabwe's agricultural sector after the government allocated a farm to businessman Billy Rautenbach, displacing farmers who had been allocated and developed the land during the ...

By Staff reporter | Published: 14 July 2025

BUSINESS NEWS

Mutapa to shake-up State firms

Zimbabwe's sovereign wealth vehicle, the Mutapa Investment Fund, is preparing to roll out sweeping leadership changes across dozens of its portfolio state-owned enterprises (SOEs) as part of a bold st...

By Staff reporter | Published: 13 July 2025

BUSINESS NEWS

UK opens visa centre in Bulawayo

Residents in the southern parts of Zimbabwe can now apply for UK visas closer to home following the official opening of a new application centre in Bulawayo.The facility, housed at the Bulawayo Rainbo...

By Staff reporter | Published: 13 July 2025

BUSINESS NEWS

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...

By Staff reporter | Published: 13 July 2025

POLITICS

Zimbabwe prisoners sleeping on empty stomachs

Zimbabwe's prisons are grappling with a worsening humanitarian crisis, with inmates reportedly suffering from malnutrition and pneumonia due to overcrowding, poor diets, and a critical shortage of bla...

By Staff reporter | Published: 13 July 2025

POLITICS

Harare doctor embroiled in NEC Medical control wrangle

A leading Harare-based medical practitioner, Dr. Billy Rigava, stands accused of attempting to retain control of the National Employment Council (NEC) for the Medical and Allied Industry by allegedly ...

By Staff reporter | Published: 13 July 2025
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