BUSINESS NEWS

Zimbabwe trade deficit drops 94.5% in July

Zimbabwe's external trade position saw a remarkable turnaround in July 2025, with the nation's goods trade deficit plunging by 94.5 percent to just US$8.7 million, according to the Zimbabwe National S...

By Staff reporter | Published: 31 August 2025

BUSINESS NEWS

Air, rail services for Mutare

The Grand Reef Airport in Mutare is 68 percent complete, with contractors expressing confidence that the facility will be operational by next Tuesday, just in time for the Sanganai/Hlanganani/Kumbanay...

By Staff reporter | Published: 31 August 2025

BUSINESS NEWS

Chiwenga secures landmark vehicle production deal

Zimbabwe has made significant strides at the India-Africa Business Conclave, which concludes today, with Vice President Dr Constantino Chiwenga leading a delegation that secured landmark partnerships ...

By Staff reporter | Published: 31 August 2025

BUSINESS NEWS

Qatari firm injects $500m into Zimbabwe gas project

Qatari investment company Al Mansour Holdings has acquired a 19.9% stake in Australia’s Invictus Energy and pledged up to $500 million to support the development of the Cabora Bassa gas project in Z...

By Staff reporter | Published: 31 August 2025

BUSINESS NEWS

US moves Zimbabwean visa applications to Johannesburg

Zimbabweans seeking U.S. immigrant visas will now have their applications processed at the U.S. Consulate in Johannesburg, South Africa, under new rules from the U.S. Department of State. Effective No...

By Staff reporter | Published: 29 August 2025

BUSINESS NEWS

High bank charges hindering Zimbabwe financial inclusion

High bank charges imposed by local financial institutions are choking financial inclusion in Zimbabwe and running contrary to best practices across the region, a new National Economic Consultative For...

By Staff reporter | Published: 29 August 2025

BUSINESS NEWS

Zimbabwe risks missing out on AfCFTA gains

Zimbabwe is at risk of missing out on the vast opportunities of the African Continental Free Trade Area (AfCFTA) as bureaucratic delays stall the gazetting of tariffs and rules of origin needed to unl...

By Staff reporter | Published: 29 August 2025

BUSINESS NEWS

Boom in Zimbabwe gated communities

Zimbabwe is witnessing a surge in the development of gated communities, fuelled by growing demand for security, privacy and exclusivity among middle- to high-income earners.These communities, offering...

By Staff reporter | Published: 29 August 2025

BUSINESS NEWS

SA steel tariff hikes threaten jobs

Proposed increases to 460 steel tariff codes are set to affect more than 16 000 traders and R51,5 billion (US$2,9 billion) worth of imports, sparking fears of job losses in South Africa's downstream s...

By Staff reporter | Published: 29 August 2025

BUSINESS NEWS

Mutambara calls for standalone AI ministry in Zimbabwe

One of Zimbabwe's foremost academics and artificial intelligence (AI) experts, Professor Arthur Mutambara, has called for the creation of a fully-fledged Ministry of AI, warning that relegating the te...

By Staff reporter | Published: 29 August 2025

BUSINESS NEWS

Civil servants' right to collective bargaining under threat

Proposed amendments to the Public Service Act could strip Zimbabwe's civil servants of key labour rights, including the right to fight for better wages and conditions, legal experts and labour activis...

By Staff reporter | Published: 29 August 2025

POLITICS

Zanu-PF candidate fined for land invasion

Zanu-PF aspiring candidate for Chinhoyi constituency, Thomas Chidzomba, has been convicted of illegally occupying gazetted land.Chidzomba, who lost in the 2023 parliamentary elections, appeared before...

By Staff reporter | Published: 29 August 2025

BUSINESS NEWS

CZI pushes for Milei-style deregulation in Zimbabwe

The Confederation of Zimbabwe Industries (CZI) has urged government to adopt a bold deregulation model inspired by Argentine President Javier Milei, calling for the elimination or amendment of at leas...

By Staff reporter | Published: 29 August 2025

BUSINESS NEWS

1,4m youths jobless in Zimbabwe

Zimbabwe is grappling with a staggering 1,4 million unemployed youths, a figure United Nations resident and humanitarian co-ordinator Edward Kallon described as "disturbing" during the launch of the U...

By Staff reporter | Published: 29 August 2025

POLITICS

Zanu-PF Politburo sidesteps Tagwirei co-option issue

The issue surrounding local business mogul Kudakwashe Tagwirei's potential co-option into Zanu-PF's Central Committee was not discussed at yesterday's ruling party politburo meeting, party director fo...

By Staff reporter | Published: 28 August 2025

BUSINESS NEWS

Zimbabwe oil and gas project gains momentum

The Muzarabani oil and gas project has advanced into a new phase following the signing of a consolidated Production and Profit-Sharing Agreement (PPSA) between the Government and Invictus Energy, a la...

By Staff reporter | Published: 28 August 2025

POLITICS

Bulawayo residents protest alleged sale of Youth Sports Field

Residents of New Lobengula in Bulawayo have expressed outrage over reports that a local youth sports field is being sold for development, warning the move could deprive young people of a safe recreati...

By Staff reporter | Published: 28 August 2025

BUSINESS NEWS

Zinara licensing promotion draws huge crowds

The Zimbabwe National Road Administration (Zinara) stand has become one of the busiest attractions at the Zimbabwe Agricultural Show in Harare, as motorists flock to take advantage of the authority's ...

By Staff reporter | Published: 28 August 2025

BUSINESS NEWS

Ramaphosa expected in Zimbabwe

South African President Cyril Ramaphosa will tomorrow officially open the 115th edition of the Zimbabwe Agricultural Show (ZAS) in Harare, marking a major highlight on the national events calendar.Thi...

By Staff reporter | Published: 28 August 2025

BUSINESS NEWS

Rich Dad Poor Dad author set for Harare

Harare is set to host one of the world's most influential financial thinkers next month when Robert Kiyosaki, the celebrated American businessman, investor, and best-selling author of Rich Dad Poor Da...

By Staff reporter | Published: 28 August 2025

BUSINESS NEWS

RBZ slams Zimbabwe banks over punitive fees

Zimbabwe's banks are facing criticism from both depositors and the Reserve Bank of Zimbabwe (RBZ) over the imposition of high fees and charges, which are increasingly seen as exploitative.RBZ Deputy G...

By Staff reporter | Published: 28 August 2025

BUSINESS NEWS

Mnangagwa to attend China's Victory commemoration

President Emmerson Mnangagwa is among 26 Heads of State scheduled to attend China's 80th anniversary of the Allied Powers' victory in World War II next week, Chinese authorities have confirmed.Speakin...

By Staff reporter | Published: 28 August 2025

BUSINESS NEWS

Multiple ZIMRA checks on Beitbridge - Harare roads excessive

Cross-border traders have raised concerns over what they describe as excessive and duplicated inspections by the Zimbabwe Revenue Authority (ZIMRA) and law enforcement along the Beitbridge - Harare hi...

By Staff reporter | Published: 28 August 2025

POLITICS

Plot to sideline Chiwenga exposed

President Emmerson Mnangagwa will today preside over an urgent politburo meeting in the absence of Vice-President Constantino Chiwenga, amid renewed efforts to fast-track businessman Kudakwashe Tagwir...

By Staff reporter | Published: 27 August 2025

BUSINESS NEWS

Zimbabwe slashes fees to boost ease of doing business

The Government has approved sweeping reforms in the tourism sector, cutting and streamlining licences, permits, levies and fees in line with President Mnangagwa's directive to enhance the ease of doin...

By Staff reporter | Published: 27 August 2025
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