BUSINESS NEWS

Zimbabwe's 2008 financial crash continues to haunt regulators

More than 15 years after Zimbabwe's 2008 financial collapse, the country's financial sector is once again under scrutiny as an estate developer has taken legal action against the Reserve Bank of Zimba...

By Staff reporter | Published: 8 hours ago

BUSINESS NEWS

Zimbabwe doctors continue to leave

Zimbabwe's healthcare system is under strain as medical doctors continue to leave the country for better opportunities abroad, affecting service delivery, particularly in rural areas, government offic...

By Staff reporter | Published: 12 hours ago

BUSINESS NEWS

PPC Zimbabwe disposes of Arlington Estate

Cement manufacturer PPC Zimbabwe (PPCZ) has reached an agreement to sell its Arlington Estate property in Harare for US$30 million, the company announced.The buyer is a property development firm with ...

By Staff reporter | Published: 12 hours ago

BUSINESS NEWS

Harare to add 3 more interchanges, Bulawayo dololo

The Government has announced plans to build three additional road interchanges in Harare over the next 12 months, aiming to reduce congestion and modernise the capital's road network, Transport and In...

By Staff reporter | Published: 12 hours ago

BUSINESS NEWS

NSSA, NBS drive affordable housing

Over the past three years, the National Social Security Authority (NSSA) has developed more than 1,700 residential stands, while its banking arm, the National Building Society (NBS), has constructed o...

By Staff reporter | Published: 12 hours ago

BUSINESS NEWS

MPs push for formalisation of informal sector

MEMBERS of Parliament (MPs) have urged government to formalise Zimbabwe's vast informal sector, broaden the tax base and urgently review what they described as an unfair tax burden on the poor.The cal...

By Staff reporter | Published: 12 hours ago

BUSINESS NEWS

TIMB rolls out biometric system for tobacco farmers

Tobacco authorities are stepping up efforts to implement a nationwide biometric security system for farmers as Zimbabwe seeks to enhance transparency in the sector and safeguard growers while consolid...

By Staff reporter | Published: 12 hours ago

BUSINESS NEWS

'Fraud' kingpin arrested in UAE, extradited to Zimbabwe

A key figure in the collapsed Beven Capital Ponzi scheme has been arrested in the United Arab Emirates (UAE) and extradited to Zimbabwe to face multiple fraud charges, the National Prosecuting Authori...

By Staff reporter | Published: 21 August 2025

BUSINESS NEWS

Zimbabwe to set up fund to compensate farmers

The Government is working on plans to establish a compensation fund for farmers who lose crops to wildlife, particularly elephants, Environment, Climate and Wildlife Minister Dr Evelyn Ndlovu has reve...

By Staff reporter | Published: 21 August 2025

BUSINESS NEWS

Zimbabwe to cap civil service wage bill

Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube has unveiled plans to cap civil service expenditure at 50% of the national budget, aiming to rein in rising wage ...

By Staff reporter | Published: 21 August 2025

BUSINESS NEWS

Zimbabwe turns to Japan for energy investments

Zimbabwe is exploring investment and technological partnerships with Japanese energy companies and government agencies to tackle one of the country's worst power shortages in decades. Households and b...

By Staff reporter | Published: 21 August 2025

BUSINESS NEWS

AMH workers go 9 months without pay

Alpha Media Holdings (AMH), publishers of NewsDay, Zimbabwe Independent and The Standard, has come under fire after going nine months without paying its employees, sparking outrage among journalists ...

By Staff reporter | Published: 20 August 2025

BUSINESS NEWS

SAPS seizes 40,000 litres of ethanol bound for Zimbabwe

The South African Revenue Service (SARS) has intercepted a tanker carrying 40 000 litres of ethanol, valued at an estimated R11 million, suspected to be destined for Zimbabwe's illegal liquor market...

By Staff reporter | Published: 20 August 2025

BUSINESS NEWS

Harare warns of rising sewer blockages

The City of Harare has sounded alarm over a surge in sewer blockages across the capital, blaming the crisis on illegal dumping of solid waste by residents.According to council officials, 60% of sewer...

By Staff reporter | Published: 20 August 2025

BUSINESS NEWS

ConCourt overturns Supreme Court ruling

The Constitutional Court (ConCourt) has ruled in favour of Umvutcha farmer Alistair Michael Fletcher, overturning a Supreme Court decision that had upheld caveats placed on his property by the Lands ...

By Staff reporter | Published: 20 August 2025

BUSINESS NEWS

Shuntai appeals US$10 000 contempt fine

Manufacturing firm Shuntai Investments has appealed against a US$10 000 fine imposed by the High Court for contempt of court in its ongoing legal battle with Bryden Country School over the constructi...

By Staff reporter | Published: 20 August 2025

BUSINESS NEWS

Zimbabwe aims to stop fake news with new policy

The Zimbabwean government is developing a national media and information literacy policy as part of broader efforts to counter misinformation and promote critical thinking among citizens.Chief direct...

By Staff reporter | Published: 20 August 2025

BUSINESS NEWS

Court dismisses bar operators' case against Rufaro Marketing

The High Court has struck off the roll a case brought by three Harare bar operators against Rufaro Marketing (Pvt) Ltd, a company owned by the Harare City Council, in a ruling that strengthens the mu...

By Staff reporter | Published: 20 August 2025

BUSINESS NEWS

Zimbabwe secures extradition of 22 fugitives

Zimbabwe is set to receive 22 suspected criminals extradited from countries including South Africa, Botswana, Portugal and the United Arab Emirates (UAE) in what authorities say could be the country'...

By Staff reporter | Published: 20 August 2025

BUSINESS NEWS

Temporary road closures for Mabvuku Interchange project

Motorists on the Harare - Mutare Highway will face traffic diversions from September 9, 2025, as construction begins on the new Mabvuku Traffic Interchange, a key infrastructure project aimed at easin...

By Staff reporter | Published: 20 August 2025

BUSINESS NEWS

Mutare CBD property owners urged to refurbish buildings

Mutare City Council has directed property owners in the central business district (CBD) to refurbish and repaint their buildings ahead of the Sanganai/Hlanganani/Kumbanayi Expo, scheduled to take plac...

By Staff reporter | Published: 20 August 2025

BUSINESS NEWS

Parliament to debate Mid-Term Budget Review

The debate on the Mid-Term Budget Review presented by Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, is expected to commence today as Parliament resumes sitti...

By Staff reporter | Published: 19 August 2025

BUSINESS NEWS

Zimbabwe central bank hit by technical glitch

The Reserve Bank of Zimbabwe (RBZ) has informed the public of a technical issue currently affecting its network, which may lead to delays in various banking services.In a notice issued on 18 August 20...

By Staff reporter | Published: 19 August 2025

BUSINESS NEWS

Degrees in law and medicine are a waste of time

As undergraduate degrees have lost their payoffs thanks to AI, young people have turned to advanced schooling to unlock jobs with salaries exceeding $200,000 (or in some cases, a $100 million signing ...

By Staff reporter | Published: 19 August 2025

BUSINESS NEWS

ZWG acceptance still a challenge says Hippo Valley

Hippo Valley Estates Limited (HVEL), one of Zimbabwe's sugar producers, has raised concern over the continued rejection of the Zimbabwe Gold (ZWG) currency in the market despite relative exchange rat...

By Staff reporter | Published: 19 August 2025
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