BUSINESS NEWS

99% of Zesa customers on pre-paid meters

Zimbabwe Electricity Supply Authority (ZESA) has reached a major milestone in its efforts to modernise billing and improve revenue collection, with 99% of customers now on pre-paid meters and 65% upgr...

By Staff reporter | Published: 24 November 2025

BUSINESS NEWS

Chiwenga challenges unfair mineral extraction at G20

Vice President Dr Constantino Chiwenga has called for greater equity in the global transition to a green and digital economy, emphasizing that the shift will fail if the Global South, which supplies a...

By Staff reporter | Published: 24 November 2025

BUSINESS NEWS

Mnangagwa joins world leaders at key indaba

President Emmerson Mnangagwa today participates in the 7th African Union-European Union (AU-EU) Summit, a two-day gathering of Heads of State from both continents aimed at strengthening international ...

By Staff reporter | Published: 24 November 2025

BUSINESS NEWS

Zimbabwe lifts cement import restrictions after Dangote visit

The government has announced an immediate lifting of restrictions on cement imports as Zimbabwe battles severe shortages that have caused prices to soar. The decision was revealed in Parliament by Min...

By Staff reporter | Published: 24 November 2025

BUSINESS NEWS

Court delays derail multi-billion cyber city project

A proposed multi-billion-dollar cyber city project in Marondera - billed as one of the largest private-sector investments in Mashonaland East - has been thrown into uncertainty amid allegations of cor...

By Staff reporter | Published: 24 November 2025

BUSINESS NEWS

Zimbabwe's mineral exports to hit US$6,5 billion mark

Zimbabwe's mining sector is poised for a strong rebound in 2026, with the Chamber of Mines of Zimbabwe (CoMZ) projecting exports of up to US$6,5 billion and industry growth of more than 10% on the bac...

By Staff reporter | Published: 24 November 2025

BUSINESS NEWS

CMED introduces 18 electric buses in Zimbabwe

The Central Mechanical Equipment Department (CMED) has taken a major step in advancing environmentally friendly transport in Zimbabwe, receiving 18 commercial electric buses that will undergo trial ru...

By Staff reporter | Published: 24 November 2025

BUSINESS NEWS

Foreign investors headache for Zimbabwe insurers

Frustrated Zimbabwean insurance executives are calling for measures to ensure the domestic industry benefits from opportunities presented by foreign investors, amid concerns that international compani...

By Staff reporter | Published: 24 November 2025

BUSINESS NEWS

Gwanda residential project remains in limbo

The long-promised development of residential stands at Judds Farm in Gwanda has stalled indefinitely, leaving hundreds of home seekers who paid between US$3 000 and US$11 000 as far back as 2015 in de...

By Staff reporter | Published: 24 November 2025

BUSINESS NEWS

Suspect in US$4m Ecobank Bulawayo heist extradited

One of the suspects allegedly involved in the high-profile US$4 million Ecobank Bulawayo heist has been extradited from Botswana and appeared before the Bulawayo Regional Magistrate's Court on Friday....

By Staff reporter | Published: 24 November 2025

BUSINESS NEWS

Insiza RDC bans unauthorized borehole drilling

The Insiza Rural District Council (RDC) has enacted a ban on the drilling of boreholes within its jurisdiction without prior written permission, as part of efforts to regulate groundwater resources an...

By Staff reporter | Published: 24 November 2025

BUSINESS NEWS

Zimbabwe's mining sector leads in non-performing loans

Zimbabwe's mining sector emerged as the nation's top source of non-performing loans (NPLs) in 2024, with a striking 27.87% of loans classified as bad, according to the Reserve Bank of Zimbabwe (RBZ) a...

By Staff reporter | Published: 24 November 2025

BUSINESS NEWS

Edgars undertakes major strategy

Edgars Stores Limited is embarking on its most significant strategic shift in decades as it seeks to reclaim market share lost to the growing second-hand clothing market. The company's annual report f...

By Staff reporter | Published: 24 November 2025

BUSINESS NEWS

Zimbabwe approves experimental HIV prevention injection

Zimbabwe has cleared the use of Lenacapavir, a long-acting injectable medicine for HIV pre-exposure prophylaxis (PrEP), marking a major advancement in the country's HIV prevention efforts. The Medicin...

By Staff reporter | Published: 24 November 2025

BUSINESS NEWS

Zimbabwe among countries losing the most purchasing power

Zimbabwe, Sudan and Burundi have been listed among the countries losing the most purchasing power in 2025, as high inflation drives up prices and reduces the value of money.Using projected inflation r...

By Staff reporter | Published: 22 November 2025

BUSINESS NEWS

Fidelity expects record gold deliveries

Fidelity Gold Refinery (FGR) has revised its annual gold delivery forecast, now expecting 45 tonnes by the end of 2025 - surpassing its initial target of 40 tonnes - as miners seek to capitalise on so...

By Staff reporter | Published: 22 November 2025

BUSINESS NEWS

Zimbabwe outlines payment framework for white ex-farmers

Government says it remains fully committed to compensating former white commercial farmers and is on track to meet all obligations within the agreed timelines, with most beneficiaries already receivin...

By Staff reporter | Published: 22 November 2025

BUSINESS NEWS

Bus operators challenge Zimra's 'inland borders'

Bus operators have accused law enforcement agencies of harassment and unlawful penalties over passenger smuggling cases, arguing that they are being unfairly punished for offences committed by travell...

By Staff reporter | Published: 22 November 2025

BUSINESS NEWS

Chiwenga to represent Mnangagwa at G20 Summit

Vice-President Constantino Chiwenga is expected to lead Zimbabwe's delegation to the G20 Leaders' Summit taking place in Johannesburg, South Africa, this weekend. The high-level gathering, set for Nov...

By Staff reporter | Published: 22 November 2025

BUSINESS NEWS

Fight for MDC offices spills to High Court

The opposition MDC-T has approached the High Court seeking an urgent spoliation order after a senior party official allegedly locked out the leadership from Morgan Richard Tsvangirai (MRT) House, the ...

By Staff reporter | Published: 22 November 2025

BUSINESS NEWS

Senator blasts Gwanda Zimra checkpoint

Matebeleland South Senator Nonhlanhla Mlotshwa has demanded clarity from the Zimbabwe Revenue Authority (ZIMRA) over the establishment of a new inland checkpoint in Gwanda, describing it as an unneces...

By Staff reporter | Published: 22 November 2025

BUSINESS NEWS

Zimbabwe upgrading national statistics system

 The Zimbabwe National Statistics Agency (Zimstat) says it is intensifying efforts to modernise the country's statistical systems through greater use of digital technologies, artificial intellige...

By Staff reporter | Published: 22 November 2025

BUSINESS NEWS

Zimbabwe cement prices jump 42%

Cement prices in Zimbabwe have risen sharply over the past two months, climbing by 42 percent amid surging demand, constrained imports and inconsistent local production. A survey by this publication s...

By Staff reporter | Published: 22 November 2025

BUSINESS NEWS

Zimbabwe is regional leader in tobacco processing

Cut Rag Processors has completed a multi-million-dollar expansion that positions the Harare-based company as Africa's largest tobacco processing operation, a development expected to accelerate Zimbabw...

By Staff reporter | Published: 22 November 2025

BUSINESS NEWS

Lt-Gen Matatu takes over the reins at ZDF

President Emmerson Mnangagwa has promoted Lieutenant-General Emmanuel Matatu to the rank of General and appointed him as Commander of the Zimbabwe Defence Forces (ZDF), effective November 21, followin...

By Staff reporter | Published: 22 November 2025
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