FINANCIAL SERVICES

Zimbabwe hits US$44,9bn in digital transactions

Zimbabwe's financial sector has marked a major milestone in its digital transformation, processing a record 381 million electronic transactions worth ZiG1,2 trillion (US$44,9 billion) in the first hal...

By Staff reporter | Published: 12 August 2025

TELECOMS & TECHNOLOGY

Grok unavailable in Zimbabwe due to sanctions

Grok, the artificial intelligence chatbot created by Elon Musk's U.S.-based startup xAI, appears to be inaccessible in Zimbabwe. Although the company has yet to provide an official explanation, mounti...

By Staff reporter | Published: 11 August 2025

MINING & RETAIL

ZiG stability push chokes PGM sector

The Government's continued delay in reimbursing platinum group metal (PGM) miners the local currency portion of their export proceeds is severely impacting one of Zimbabwe's most vital export sectors,...

By Staff reporter | Published: 11 August 2025

MINING & RETAIL

RioZim's US$21 million investment hangs in the balance

The Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) has reiterated that only a court-supervised corporate rescue can revive RioZim Limited, as the mining company's much-needed US$21 millio...

By Staff reporter | Published: 11 August 2025

FINANCIAL SERVICES

RBZ bolstering Zimbabwe's re-industrialisation drive

The manufacturing sector has received the largest share - 45 percent - of funds disbursed under the Reserve Bank of Zimbabwe's (RBZ) Targeted Finance Facility (TTF) as of June 30, 2025, underscoring i...

By Staff reporter | Published: 11 August 2025

MINING & RETAIL

Lab-grown diamonds causing havoc

South Africa's cabinet has approved participation in an international effort to boost the marketing of real diamonds, responding to the increasing appeal of lab-grown gems and funded by a 1 percent le...

By Staff reporter | Published: 11 August 2025

FINANCIAL SERVICES

RBZ pushes for ZiG cash access via ATMs

The Reserve Bank of Zimbabwe (RBZ) has mandated all commercial banks to ensure the full distribution of Zimbabwe Gold (ZiG) cash through automated teller machines (ATMs) by the end of September 2025, ...

By Staff reporter | Published: 11 August 2025

MINING & RETAIL

OK Zimbabwe raises US$20 million

Retail giant OK Zimbabwe Limited has successfully raised US$20 million through its renounceable rights offer, which was fully subscribed following strong shareholder participation and underwriting sup...

By Staff reporter | Published: 11 August 2025

LANDS & AGRICULTURE

Zimbabwe pushes for import substitution

Zimbabwe has planted 5,000 hectares of Irish potatoes this winter season as part of an ambitious government-led drive to cut reliance on imports and boost local food security. The target is to reach 9...

By Staff reporter | Published: 10 August 2025

TRANSPORT & TOURISM

Mt Darwin's multimillion dollar tourist resort takes shape

Land developer MCM Estates has broken ground on a massive 100-hectare multi-million-dollar tourism development project in the scenic Chesa area of Mt Darwin, a venture expected to transform the Masho...

By Staff reporter | Published: 10 August 2025

INDUSTRIALS & ENERGY

Zera reviews ZiG fuel prices downwards

The Zimbabwe Energy Regulatory Authority (ZERA) has announced a downward revision of fuel prices in local currency, effective from August 8 until September 4, 2025. The move follows the authority's ro...

By Staff reporter | Published: 10 August 2025

LANDS & AGRICULTURE

Costs push out horticulture farmers in Zimbabwe

The Horticulture Development Council (HDC) has expressed deep concern over escalating production costs in Zimbabwe's horticulture sector, warning that the trend is driving some farmers to consider re...

By Staff reporter | Published: 10 August 2025

TRANSPORT & TOURISM

ACZ route development initiatives bearing fruit

The inaugural flight took off from Joshua Mqabuko Nkomo International Airport and landed in Victoria Falls aboard an Embraer ERJ aircraft, officially opening a direct air link between Zimbabwe's indus...

By Staff reporter | Published: 10 August 2025

INDUSTRIALS & ENERGY

Zimbabwe needs US$10 billion to fix power crisis

Zimbabwe will require up to US$10 billion in energy sector investment over the next decade to meet rising electricity demand and address chronic power shortages, according to a new report by Veritas, ...

By Staff reporter | Published: 10 August 2025

TELECOMS & TECHNOLOGY

NetOne posts record growth

State-owned mobile network operator NetOne has delivered a historic performance, posting record revenue and profit growth while aggressively expanding its high-speed 4G and 5G networks in a bold push ...

By Staff reporter | Published: 09 August 2025

LANDS & AGRICULTURE

Treasury withholds US$3m dairy levy

Zimbabwe's smallholder dairy farmers are reeling from financial distress as over US$3.4 million collected through a mandatory 5% dairy import levy remains unreleased, nearly two years after its introd...

By Staff reporter | Published: 09 August 2025

TELECOMS & TECHNOLOGY

Potraz rolls out digital inclusion programme

The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has launched a far-reaching programme aimed at addressing digital exclusion among persons with disabilities, as the country ...

By Staff reporter | Published: 09 August 2025

LANDS & AGRICULTURE

Honey processing project rakes in US$20 000

A rural beekeeping initiative in Buhera is making waves in Zimbabwe’s agro-processing sector, with the Chapanduka Honey Processing Association generating over US$20,000 in revenue over the past year...

By Staff reporter | Published: 09 August 2025

TELECOMS & TECHNOLOGY

Econet to launch new data packages

Zimbabwe’s largest telecommunications and technology provider, Econet Wireless Zimbabwe, has announced it will soon roll out new data packages aimed at enhancing its popular SmartBiz offering, follo...

By Staff reporter | Published: 09 August 2025

BUSINESS NEWS

Bulawayo launches blitz on pushcart operators

In a bold move to restore order in the city centre and clamp down on illicit activities, Bulawayo City Council (BCC) yesterday launched a sweeping operation targeting pushcart operators and street ven...

By Staff reporter | Published: 09 August 2025

CONSTRUCTION & PROPERTY

Bulawayo commissions 650 serviced stands

BULAWAYO City Council (BCC), in partnership with Enock Construction and Earth Moving Equipment, will on Friday commission 650 fully serviced stands in Mahatshula East suburb, marking the final phase o...

By Staff reporter | Published: 08 August 2025

TRANSPORT & TOURISM

Mutare hotels fully booked ahead of Hlanganani expo

Mutare's hotels and lodges are already fully booked ahead of the Sanganai/Hlanganani World Tourism Expo, set for September 10 - 12, forcing many visitors to search for alternative accommodation.The D...

By Staff reporter | Published: 08 August 2025

TRANSPORT & TOURISM

Fastjet launches inaugural Bulawayo-Victoria Falls flight

Fastjet Zimbabwe has successfully launched its inaugural direct flight between Bulawayo and Victoria Falls, further strengthening the country's domestic air network and linking the industrial hub to o...

By Staff reporter | Published: 08 August 2025

TRANSPORT & TOURISM

Blue Train service between Pretoria and Vic Falls relaunched

South Africa's national railway company, Transnet, has re-launched its iconic luxury tourist train service connecting Pretoria and Zimbabwe's tourism capital, Victoria Falls. The Blue Train arrived in...

By Staff reporter | Published: 08 August 2025

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
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