BUSINESS NEWS

Recycling initiative set to boost Zimbabwe jobs

Recycling dairy packaging could create jobs, reduce imports, and protect the environment, provided collection volumes meet international thresholds, the Dairy Processors Association of Zimbabwe (DPAZ)...

By Staff reporter | Published: 21 August 2025

BUSINESS NEWS

RBZ restores RTGS system after technical fault

The Reserve Bank of Zimbabwe (RBZ) says it has restored the Real Time Gross Settlement (RTGS) system following a technical fault that disrupted transfers and some cross-border transactions since Tues...

By Staff reporter | Published: 20 August 2025

BUSINESS NEWS

All set for Matebeleland South Agricultural show

The 67th edition of the Matebeleland South Agricultural Show is set to take place from September 4 to 6, with organisers expressing optimism about its potential to enhance business opportunities in t...

By Staff reporter | Published: 20 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

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

BUSINESS NEWS

Shell companies siphon US$450m from Zimbabwe, SA

A network of 23 shell companies operating between Zimbabwe and South Africa has been implicated in laundering US$450 million through illicit financial flows (IFFs), part of an estimated US$3 billion ...

By Staff reporter | Published: 16 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

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

BUSINESS NEWS

EMF targets expanding medical aid coverage

EMF Medical Aid Society has launched an ambitious strategy to extend medical aid coverage to Zimbabwe's informal sector, low-income earners, and rural communities, aiming to improve health insurance u...

By Staff reporter | Published: 03 July 2025

BUSINESS NEWS

Zimbabwe strike investment, trade deals at Afreximbank meeting

Zimbabwean business leaders and economic policy figures who attended the recent African Export-Import Bank (Afreximbank) Annual Meetings in Abuja, Nigeria, say the event yielded significant benefits i...

By Staff reporter | Published: 02 July 2025

BUSINESS NEWS

Zimbabwe ramps up power generation to 1 553MW

The Zimbabwe Power Company (ZPC) has significantly increased the nation's electricity output, generating 1,553 megawatts (MW) on May 2, 2025 - up from 1,304MW the previous day - bringing relief to con...

By Staff reporter | Published: 03 May 2025

BUSINESS NEWS

Chiwenga urges private sector to drive Zimbabwe's industrial revival

Vice President Dr Constantino Chiwenga has underscored the indispensable role of the private sector in spearheading Zimbabwe's industrial transformation, calling for deeper collaboration between gover...

By Staff reporter | Published: 24 April 2025

BUSINESS NEWS

CABS renews US$40m facility to support the economy

The Central Africa Building Society (CABS), a member of Old Mutual Zimbabwe, has reaffirmed its commitment to driving economic development and social impact across Zimbabwe, following the release of i...

By Staff reporter | Published: 21 April 2025

BUSINESS NEWS

Zimbabwe govt starts pilot run for new accounting system

The government has started a pilot run of the new accounting system for its entities as it moves to professionalise the public sector, Business Times can report.Zimbabwe has adopted the International ...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Zimbabwe gears for hyperinflation reporting

ZIMBABWE is on the verge of adopting a hyperinflation financial reporting model at a time inflation figures have spiked as its fragile economy teeters on the brink of collapse.The reporting modality, ...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

No access to internet for 67 ZimPost offices

Sixty-seven post offices in Zimbabwe do not have internet access, the Abridged sector report for the second quarter has revealed.Potraz has been working on bridging the digital divide between the rura...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

NetOne subscriber base up 6,1%

STATE-OWNED mobile network provider NetOne increased its subscriber base by 6,1 percent in the second quarter to June 2019, latest industry figures show. According to the Postal and Telecommunications...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

11 500MW required to power Zimbabwe's Vision 2030

GOVERNMENT has called on the private sector to come on board and help increase investment in the energy sector to buttress attainment of an upper middle-income economy by 2030, which will require abou...

By Staff reporter | Published: 04 October 2019

BUSINESS NEWS

Starafrica eyes 10% increase in exports

After concluding an agreement with ZETDC last month to ensure continuous power supply to the factory, Starafrica Corporation intends to recover 10% of production lost by accelerating export sales in t...

By Staff reporter | Published: 28 September 2019

BUSINESS NEWS

Zimpapers records 63% revenue increase

INCREASED investment towards tapping digital opportunities remains the anchor for the growth of Zimpapers (1980) Limited, the country's leading integrated media group, as it seeks to diversify operati...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

SECZIM develops handbook on Anti-Money Laundering

In a bid to assist Securities Market Intermediaries (SMIs) in understanding their obligations in the fight against money laundering and terrorist financing in the securities sector, the Security and E...

By Staff reporter | Published: 23 September 2019

BUSINESS NEWS

Average Zimbabwean lived on ZWL$10.78/day in July

Latest data from Zimstat shows that the average Zimbabwean lived on $10.78 per day while the average family needed $1,617 for enough subsistence to not be deemed poor. This means that Zimbabweans are ...

By Staff reporter | Published: 23 September 2019

BUSINESS NEWS

Month-on-month inflation slows to 18.07% in August

Month on month inflation continued to trend downwards in August, with the figure falling to 18.07% from 21.04% in July. Following the decision to suspend the release of annual inflation statistics, th...

By Staff reporter | Published: 23 September 2019

BUSINESS NEWS

Power cuts cripple informal sector

THE incessant power cuts being experienced across the country have hit the informal sector hardest with players now spending long hours or days without production. The power utility, Zesa, is implemen...

By Staff reporter | Published: 09 July 2019
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