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TRADE & INDUSTRY

Zimbabwe's steel industry set for a significant revival

Zimbabwe's steel industry is set for a significant revival as the Zimbabwe Iron and Steel Company (Zisco) collaborates with Dinson Iron & Steel Company to drive growth and development in the secto...

By Staff reporter | Published: 10 May 2025

BUSINESS NEWS

Zimbabwe to host global AI conference

The Institute of Global Leadership and Administration (IGLA), in collaboration with the Artificial Institute Africa, will hold an important conference on artificial intelligence (AI) later this month ...

By Staff reporter | Published: 10 May 2025

BUSINESS NEWS

Bulawayo Council nets over US$2,000 in fines

The Bulawayo City Council (BCC) has collected more than US$2,000 in environmental offence fines for April alone, as it intensifies efforts to combat the surge in illegal gold panning, sand poaching, a...

By Staff reporter | Published: 10 May 2025

BUSINESS NEWS

N Richards cashier steals US$35 250

Police in Rusape have launched a manhunt for a cashier at N Richards Wholesalers, Tawanda Manzvinde (34), who is accused of stealing US$35,250 in cash collected over the Easter holiday  -  i...

By Staff reporter | Published: 10 May 2025

POLITICS

Mnangagwa orders stop to Zanu PF expulsions

President Emmerson Mnangagwa has firmly rejected secretive moves to suspend or expel Zanu PF members based on unsubstantiated claims, reaffirming his commitment to unity and inclusivity within the rul...

By Staff reporter | Published: 10 May 2025

CONSTRUCTION & PROPERTY

WestProp records 80% revenue surge amid residential property boom

Listed property developer WestProp Holdings Limited has announced a substantial 80 percent rise in revenue for the financial year ended December 31, 2024, propelled by surging demand for residential r...

By Staff reporter | Published: 10 May 2025

FINANCIAL SERVICES

Standard Chartered Plc takes US$172m hit on Zimbabwe exit

British banking giant Standard Chartered PLC (StanChart) has reported a US$172 million loss in 2024 tied to the sale of its Zimbabwean subsidiary, citing severe foreign exchange translation losses tha...

By Staff reporter | Published: 09 May 2025

MINING & RETAIL

SA miner Sibanye to inject US$16,44m into Mimosa

South African mining giant Sibanye-Stillwater has committed to injecting R300 million (US$16,44 million) in capital expenditure into Mimosa Mine in 2025, despite the Zimbabwean platinum operation post...

By Staff reporter | Published: 09 May 2025

CONSTRUCTION & PROPERTY

FMP rental collection rate declines

First Mutual Properties (FMP) has reported a decline in rental collection rates for the year 2024, with tenant payments slipping by 10 percentage points to 75%, down from 85% in 2023, as economic pres...

By Staff reporter | Published: 09 May 2025

INDUSTRIALS & ENERGY

RioZim in firing line over US$5m power debt

Renco Mine, a subsidiary of Zimbabwe Stock Exchange-listed miner RioZim Limited, is facing a looming power disconnection due to an outstanding US$4.7 million debt owed to the Zimbabwe Electricity Tran...

By Staff reporter | Published: 09 May 2025

INDUSTRIALS & ENERGY

Eat n Lick hits troubled times

Popular fast-food chain Eat n Lick is facing internal turmoil amid rising worker dissatisfaction over unpaid salaries and poor welfare conditions, raising questions over the company's aggressive expan...

By Staff reporter | Published: 09 May 2025

BUSINESS NEWS

63 Zimbabwe detectives undergo training to combat specialised crimes

The Zimbabwe Republic Police (ZRP) has stepped up efforts to fight sophisticated crime by equipping detectives with specialised skills to tackle high-profile criminal activities.This comes after 63 de...

By Staff reporter | Published: 09 May 2025

LANDS & AGRICULTURE

Vast discovers extra diamonds in long-disputed Zimbabwe parcel

AIM-listed miner Vast Resources has announced the discovery of more diamonds than originally anticipated in a long-contested parcel that was held by the Reserve Bank of Zimbabwe (RBZ) since 2010, mark...

By Staff reporter | Published: 09 May 2025

TRADE & INDUSTRY

Zimbabwe govt still struggling to revive ZISCO Steel

Years after pledging to revive the defunct ZISCO Steel, the Zimbabwean government is still grappling to present a clear, actionable plan for restoring the once-iconic steel manufacturer to its former ...

By Staff reporter | Published: 09 May 2025

BUSINESS NEWS

UZ students demand exam postponement

Student leaders at the University of Zimbabwe (UZ) have formally requested a one-week postponement of upcoming examinations, citing academic disruptions caused by an ongoing strike by university lectu...

By Staff reporter | Published: 09 May 2025

LANDS & AGRICULTURE

Tanganda wins US$47,000 tea dispute

Tanganda Tea Company has won a long-running legal battle at the High Court of Zimbabwe against trader Darlington Matsitukwa, over an unpaid foreign currency debt for tea products sold for resale in Ma...

By Staff reporter | Published: 09 May 2025

BUSINESS NEWS

CBZ Holdings partners ZOC

One of Zimbabwe's leading financial institutions, CBZ Holdings, has entered into a strategic partnership with the Zimbabwe Olympic Committee (ZOC) in a bold move aimed at improving the country's prepa...

By Staff reporter | Published: 09 May 2025

MINING & RETAIL

Chitando bemoans gold smuggling

Mines and Mining Development Minister Winston Chitando has raised alarm over the persistent threat of gold smuggling and other illicit activities, warning that Zimbabwe could be losing up to 40% of it...

By Staff reporter | Published: 09 May 2025

MINING & RETAIL

Zimbabwe mines ministry steps up EPOs review

The Ministry of Mines and Mining Development is intensifying its review of Exclusive Prospecting Orders (EPOs) as part of a broader effort to eliminate speculative land holding and unlock Zimbabwe's v...

By Staff reporter | Published: 09 May 2025

CONSTRUCTION & PROPERTY

John Pocock and Company celebrate 70 years of service in Bulawayo

From humble beginnings in a single-room office to becoming one of Bulawayo's most trusted names in real estate, John Pocock and Company is celebrating a remarkable 70-year milestone in 2025 - a testam...

By Staff reporter | Published: 09 May 2025

LANDS & AGRICULTURE

Zimbabwe's berry export earnings soar by 351%

Zimbabwe's berries sub-sector is rewriting the story of the country's horticultural industry, with export earnings surging by an astonishing 351 percent from US$11 million in 2020 to over US$50 millio...

By Staff reporter | Published: 09 May 2025

BUSINESS NEWS

Zimbabwe, Mozambique sign landmark energy deal

Zimbabwe and Mozambique have signed a landmark agreement to deepen cooperation in the energy sector, a development poised to significantly improve energy security and infrastructure across Southern Af...

By Staff reporter | Published: 09 May 2025

MINING & RETAIL

Kuvimba sets aside US$54m Capex for gold cluster

Kuvimba Mining House (KMH) has announced a substantial US$54 million capital expenditure (Capex) for its gold cluster in the financial year to March 2026, as part of its ongoing efforts to enhance ope...

By Staff reporter | Published: 08 May 2025

MINING & RETAIL

Zimbabwe retail sector to grow by 5,10% in 2025

The Zimbabwean retail sector is projected to grow by 5.10% in 2025, with its future expansion dependent on how well it navigates the challenges of the operating environment, including the increasing d...

By Staff reporter | Published: 08 May 2025

EDUCATION

SECZim seeks to bolster financial sector integrity

The Securities and Exchange Commission of Zimbabwe (SECZim) recently held a two-day workshop in Mutare focused on Anti-Money Laundering, Combating the Financing of Terrorism, and Proliferation Financi...

By Staff reporter | Published: 08 May 2025
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