Latest News

BUSINESS NEWS

AU pushes for increased maize, sorghum production

Africa University has launched a major initiative aimed at enhancing food security in Manicaland by training thousands of smallholder farmers in improved maize and sorghum farming techniques. The prog...

By Staff reporter | Published: 17 May 2025

BUSINESS NEWS

Fined for selling unregistered prescription drugs

A 24-year-old man from Mutare, Brendon Leeroy Munyama, has been sentenced to six months' imprisonment for selling unregistered medicines, but was given the option to pay a fine of US$240 to avoid jail...

By Staff reporter | Published: 17 May 2025

BUSINESS NEWS

Zimbabwe ups wheat production momentum

As early morning mists lift over Zimbabwe's farming belts, tractors roar to life and irrigation pivots sweep across golden fields, signaling the start of the 2025 winter wheat season. The Government b...

By Staff reporter | Published: 17 May 2025

BUSINESS NEWS

30% surrender requirement sparks export concerns

The Zimbabwean export sector, a vital source of foreign currency and a key pillar of economic stability, is expressing growing concern over the Reserve Bank of Zimbabwe's (RBZ) recent increase in the ...

By Staff reporter | Published: 17 May 2025

INDUSTRIALS & ENERGY

Delta highlights Zimbabwe's economic

Delta Corporation, Zimbabwe's leading brewer and soft drinks manufacturer, has painted a stark picture of the nation's economy, highlighting its persistent fragility despite signs of resilience in con...

By Staff reporter | Published: 16 May 2025

POLITICS

MPs refuse to 'protect and secure' Mnangagwa's Belarus deals

President Emmerson Mnangagwa presided over the signing of several Memoranda of Understanding (MoUs) with the Belarusian government in Minsk on Tuesday, but back home, opposition legislators blocked th...

By Staff reporter | Published: 16 May 2025

BUSINESS NEWS

Nguwaya taking over waste management in all towns, cities

Geo Pomona Waste Management, the company controversially contracted by the government to manage Harare's refuse, is now expanding operations to all provinces of Zimbabwe - without entering agreements ...

By Staff reporter | Published: 16 May 2025

MINING & RETAIL

Zimbabwe govt moves to clear mining licences backlog

The Government is set to lift the suspension on the issuance of mining licences across Zimbabwe, Mines and Mining Development Deputy Minister Engineer Polite Kambamura announced in the National Assemb...

By Staff reporter | Published: 16 May 2025

MINING & RETAIL

Smuggling takes toll on Zimbabwe economy

A sharp increase in smuggling and unregulated imports is intensifying illicit financial flows (IFFs) in Zimbabwe, severely undermining the country's formal retail sector. Authorities have recently pro...

By Staff reporter | Published: 16 May 2025

BUSINESS NEWS

Gwayi-Shangani project 72% amid concerns over slow progress

The long-awaited Gwayi-Shangani Dam, a cornerstone project of the Matabeleland Zambezi Water Project, is now 72% complete, showing only a modest 2% progress since October 2024. The slow pace has drawn...

By Staff reporter | Published: 16 May 2025

INDUSTRIALS & ENERGY

Turnall Q1 revenue declines 11% to US$2,3m

Construction firm Turnall Holdings Limited (Turnall) recorded an 11% decline in revenue to US$2.3 million during the first quarter of 2025, citing low economic activity and persistent liquidity challe...

By Staff reporter | Published: 16 May 2025

BUSINESS NEWS

Lupane hospital construction clocks 25 years

The construction of Lupane General Hospital in Matabeleland North province, which began over 25 years ago, remains severely delayed due to prolonged non-payment of contractors, Health and Child Care D...

By Staff reporter | Published: 16 May 2025

INDUSTRIALS & ENERGY

Delta tax burden could soar to US$329m

Beverage giant Delta Corporation Limited risks a staggering US$329 million tax liability for its financial year ended March 31, 2025, if it loses ongoing court appeals against additional tax assessmen...

By Staff reporter | Published: 16 May 2025

BUSINESS NEWS

ZNCC to hold annual congress in June

The Zimbabwe National Chamber of Commerce (ZNCC) will hold its highly anticipated annual congress from June 25 to 28 in Victoria Falls, aiming to foster inclusive economic growth, improve the business...

By Staff reporter | Published: 16 May 2025

MINING & RETAIL

Push for gender equality in lithium mining

The Economic Justice for Women Project (EJWP), in partnership with the Southern Africa Trust (SAT), has launched a groundbreaking gender-centred initiative aimed at promoting feminist climate action i...

By Staff reporter | Published: 16 May 2025

BUSINESS NEWS

Pension benefits still below expectations - IPEC

Pension benefits in Zimbabwe remain below expectations despite ongoing reforms, the Insurance and Pensions Commission (IPEC) has revealed.Speaking at the 50th annual conference of the Zimbabwe Associa...

By Staff reporter | Published: 16 May 2025

BUSINESS NEWS

3 men in court over ZITF pavilion theft

Three men accused of breaking into the Mozambique Pavilion during the 65th Zimbabwe International Trade Fair (ZITF) in Bulawayo have appeared in court facing theft charges.Denford Tsama (26), Shelton ...

By Staff reporter | Published: 16 May 2025

BUSINESS NEWS

Wheat progress in Midlands province

Farmers in Zimbabwe's Midlands Province have made impressive strides in the ongoing 2025 winter wheat planting season, with over 1,000 hectares already sown and approximately 800 hectares having germi...

By Staff reporter | Published: 16 May 2025

INDUSTRIALS & ENERGY

Ariston reduces costs with new solar plants

Zimbabwe Stock Exchange-listed agricultural company, Ariston Holdings Limited, has reported substantial financial savings driven by its investment in solar energy projects, which have helped reduce de...

By Staff reporter | Published: 16 May 2025

CRICKET

Raza chooses Zimbabwe over Pakistan

Zimbabwean all-rounder Sikandar Raza has confirmed he will join Zimbabwe's squad for the upcoming historic Test match against England at Trent Bridge, scheduled to start on 22 May, even as the Pakista...

By Staff reporter | Published: 16 May 2025

INDUSTRIALS & ENERGY

Zimbabwe eyes regional manufacturing hub status

President Emmerson Mnangagwa has called for the swift implementation of agreements between Zimbabwe and Belarus, as he concluded a successful State visit to the East European nation, highlighting Hara...

By Staff reporter | Published: 16 May 2025

INDUSTRIALS & ENERGY

Private players to enter Zimbabwe's electricity retail market

Zimbabwe is set to open its electricity sector to private players who will be allowed to generate, transmit, and distribute power directly to households, especially in newly developed suburbs. This st...

By Staff reporter | Published: 16 May 2025

BUSINESS NEWS

Zimbabwe on path to private sector-led economy

Zimbabwe is forging ahead with a private sector-led economic model, as the Government and business leaders intensify collaboration aimed at creating a robust and sustainable economy. The move is align...

By Staff reporter | Published: 16 May 2025

BUSINESS NEWS

Fresh Harare demolitions loom

Harare City Council has confirmed that a document currently circulating on social media suggesting impending demolitions of illegal structures is still under internal review and has not yet been adopt...

By Staff reporter | Published: 16 May 2025

FINANCIAL SERVICES

FBC blames tight policy for choking transaction volumes

Financial services giant FBC Bank has attributed a sharp decline in transaction volumes to the Reserve Bank of Zimbabwe's (RBZ) continued tight monetary policy, which it says has squeezed liquidity an...

By Staff reporter | Published: 16 May 2025
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