INDUSTRIALS & ENERGY

Kariba water level declines

Lake Kariba is recording a steady drop in water levels, closing the latest monitoring period at 478,77 metres as of August 5, 2025, according to the Zambezi River Authority (ZRA).This represents about...

By Staff reporter | Published: 08 August 2025

INDUSTRIALS & ENERGY

Zimbabwe's BMA in fresh drive to ditch sugar tax

The Beverage Makers Association (BMA) has renewed calls for the complete removal of Zimbabwe's Sugar Tax, warning that the levy threatens jobs, reduces formal manufacturers' tax contributions, and ero...

By Staff reporter | Published: 08 August 2025

CONSTRUCTION & PROPERTY

ZimRe pushes to recover funds frozen in US

Financial services giant ZimRe Holdings Limited (ZHL) is mounting a fresh bid to reclaim more than US$1,1 million still locked in the United States from the sanctions era, chief executive officer Stan...

By Staff reporter | Published: 08 August 2025

FINANCIAL SERVICES

Zimbabwe banking sector profits drop

Zimbabwe's banking sector has reported a steep drop in earnings for the first half of 2025, with aggregate profits plunging to ZiG5,0 billion (US$184,07 million) from ZiG10,4 billion (US$760,37 millio...

By Staff reporter | Published: 08 August 2025

TRADE & INDUSTRY

Mutapa blocks ZCDC diamond sale

Zimbabwe's state-owned diamond miner, the Zimbabwe Consolidated Diamond Company (ZCDC), has been plunged into a deeper financial crisis after its sole shareholder, the Mutapa Investment Fund (MIF), ve...

By Staff reporter | Published: 08 August 2025

CONSTRUCTION & PROPERTY

Bulawayo-Vic-Falls Road rehab to take 10 months

The rehabilitation of the Bulawayo-Victoria Falls Road is gaining significant momentum, with five contractors now actively working on different segments of the critical trade and tourism corridor. The...

By Staff reporter | Published: 07 August 2025

FINANCIAL SERVICES

Solar, Starlink loans for Zimbabwe schools

The People's Own Savings Bank (POSB) has launched an ambitious solar and Starlink internet loan scheme targeted at Zimbabwe's schools, marking a rare example of a local bank offering accessible, im...

By Staff reporter | Published: 07 August 2025

LANDS & AGRICULTURE

Zimbabwe scales up crocodile exports

The Government of Zimbabwe has stepped up efforts to scale up crocodile farming and exports, focusing on Binga District as a key node in its agro-wildlife economy. The move comes amid growing global d...

By Staff reporter | Published: 07 August 2025

LANDS & AGRICULTURE

Zimbabwe's tobacco marketing season ends

The 2025 tobacco marketing season officially came to a close yesterday, marking a historic milestone for Zimbabwe's agricultural sector as the country posted record-breaking output and earnings. While...

By Staff reporter | Published: 07 August 2025

FINANCIAL SERVICES

CBZ appoints Mthimukhulu as Managing Director

CBZ Bank has appointed Valeta Mthimukhulu as its new Managing Director, marking a new chapter for Zimbabwe's largest financial institution.Mthimukhulu brings with her over 20 years of executive leader...

By Staff reporter | Published: 07 August 2025

MINING & RETAIL

Hwange Colliery sinks US$3,5m in new equipment

Hwange Colliery Company Limited (HCCL) has injected over US$3.5 million into the acquisition of new equipment as part of its ongoing modernisation and turnaround strategy aimed at boosting Zimbabwe's ...

By Staff reporter | Published: 07 August 2025

TELECOMS & TECHNOLOGY

WhatsApp takes down 6.8 million accounts

WhatsApp has taken down 6.8 million accounts that were "linked to criminal scam centers" targeting people online around that world, its parent company Meta said this week.The account deletions, which ...

By Staff reporter | Published: 07 August 2025

MINING & RETAIL

Zimbabwe platinum miners owed millions

Zimbabwe's platinum miners are owed millions of dollars in unpaid exports income under the government's foreign currency retention rules, the mining chamber has said, hurting operations in a sector ba...

By Reuters | Published: 06 August 2025

TELECOMS & TECHNOLOGY

NetOne expands digital access in rural Zimbabwe

Vice President Kembo Mohadi has applauded leading mobile network operator NetOne for its commitment to extending digital connectivity to the most remote parts of Zimbabwe, saying the move is in line w...

By Staff reporter | Published: 06 August 2025

MINING & RETAIL

Investor loses US$60,000 in botched lithium deal

A United Arab Emirates-based company has allegedly lost US$60,620 in a failed lithium deal with a local firm, prompting fraud charges against Nasha Weal Musa, director of Nasha Industries and Commodit...

By Staff reporter | Published: 05 August 2025

BUSINESS NEWS

FBC sees cautious recovery in Zimbabwe

Financial services firm FBC Securities says Zimbabwe's 2025 Mid-Year Budget and Economic Review points to a cautiously optimistic recovery trajectory, although tight fiscal and monetary conditions cou...

By Staff reporter | Published: 05 August 2025

MINING & RETAIL

Zimbabwe pushes for total ban on chrome ore exports

The Minerals Marketing Corporation of Zimbabwe (MMCZ) says it will engage the Ministry of Mines and Mining Development to push for a complete ban on chrome ore exports as part of efforts to drive inve...

By Staff reporter | Published: 05 August 2025

LANDS & AGRICULTURE

Zimbabwe tobacco farmers demand indigenous policy

The government has been urged to develop an indigenous tobacco policy aimed at promoting production and supporting farmers who form the backbone of Zimbabwe's golden leaf sector.Speaking at a recent c...

By Staff reporter | Published: 05 August 2025

MINING & RETAIL

Kavango Resources to list on VFEX

British mining firm Kavango Resources Plc will make its secondary listing on the Victoria Falls Stock Exchange (VFEX) on August 29 as it seeks to raise US$13,5 million to bolster gold exploration oper...

By Staff reporter | Published: 04 August 2025

MINING & RETAIL

Magunje cement plant licence sparks corruption fears

Government officials have raised alarm over the controversial licensing of a Chinese-owned cement plant in Magunje, Mashonaland West, amid allegations of corruption, regulatory breaches, and community...

By Staff reporter | Published: 04 August 2025

TELECOMS & TECHNOLOGY

Econet defends fair usage policy amid backlash

Econet Wireless Zimbabwe has come under fire from some of its SmartBiz customers following the enforcement of its Fair Usage Policy (FUP) on "unlimited" data packages.Critics say the move undermines t...

By Staff reporter | Published: 01 August 2025

MINING & RETAIL

Zimbabwe miners weather power crisis

Zimbabwe's mining industry says it has largely been shielded from the worst of the country's electricity shortages thanks to a targeted power rationing strategy that prioritises the sector. But operat...

By Staff reporter | Published: 01 August 2025

MINING & RETAIL

Namib Minerals injects US$300m to revive Zimbabwe mine

Leading Zimbabwean gold producer How Mine, now under the ownership of Namib Minerals, is entering a new growth phase as the company embarks on a US$300 million investment drive to revive Mazowe and Re...

By Staff reporter | Published: 31 July 2025

LANDS & AGRICULTURE

Farmers urged to bale and not burn

Farmers have been urged to accelerate hay cutting and baling operations as Zimbabwe enters the peak of its annual fire season, which poses serious threats to livestock, crops, and the environment.The...

By Staff reporter | Published: 30 July 2025

LANDS & AGRICULTURE

Cotton deliveries surge by 90% as season nears close

Zimbabwean cotton farmers have delivered more than 25 million kilogrammes of seed cotton to six registered contractors so far this season, reflecting a sharp 90 percent increase from the 13 million k...

By Staff reporter | Published: 30 July 2025
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