POLITICS

Tshabangu faction to receive US$1.7 million

Citizens Coalition for Change (CCC) faction leader Sengezo Tshabangu is set to receive US$1,696,166 from Parliament after a government notice confirmed allocations to political parties for 2025.Justic...

By Staff reporter | Published: 03 September 2025

BUSINESS NEWS

Zimbabwe suspends new urban fuel station licences

The Zimbabwe Energy Regulatory Authority (ZERA) has announced a suspension on issuing new licences for fuel stations in urban centres, citing concerns over uncontrolled growth and clustering.The regul...

By Staff reporter | Published: 02 September 2025

BUSINESS NEWS

Zimbabwe central bank launches ZiG Confidence survey

THE Reserve Bank of Zimbabwe (RBZ) has embarked on a fresh nationwide survey to assess confidence in the Zimbabwe Gold (ZiG) currency, more than a year after it was introduced as the country's sole le...

By Staff reporter | Published: 02 September 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

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

Zimbabwe High Court bans Chinese miner

The Chinhoyi High Court has barred Beijing Broadtec Investments (Pvt) Ltd from conducting any mining activities at the disputed Mukovo 12 Mine in Mashonaland West Province, ruling that the Chinese com...

By Staff reporter | Published: 26 August 2025

BUSINESS NEWS

RBZ begins production of redesigned ZiG banknotes

The Reserve Bank of Zimbabwe (RBZ) has commenced production of redesigned ZiG banknotes, set to enter circulation soon as part of the central bank's de-dollarisation roadmap, which targets a transitio...

By Staff reporter | Published: 26 August 2025

BUSINESS NEWS

Zimbabwe maintains maize import ban

The government says it is pleased with the steady flow of maize deliveries to the Grain Marketing Board (GMB) following last year's poor season, which forced Zimbabwe to import grain.Agriculture Perma...

By Staff reporter | Published: 25 August 2025

INDUSTRIALS & ENERGY

Tobacco producer seeks ban on public smoking

The Zimbabwean Parliament is considering a proposal to amend existing tobacco control regulations to ban smoking in high-traffic public areas, amid growing concerns over the health risks associated wi...

By Staff reporter | Published: 25 August 2025

BUSINESS NEWS

Harare sets 3 year deadline for kombi ban

The City of Harare has unveiled a draft master plan (2025–2045) proposing the phasing out of commuter omnibuses (kombis) from the capital's roads within three years, sparking sharp debate among com...

By Staff reporter | Published: 24 August 2025

BUSINESS NEWS

Harare suburban office rentals surge

Rental rates for office space in Harare's suburbs have jumped by 20% over the past year, as corporates accelerate their decade-long migration from the city's central business district (CBD), a new re...

By Staff reporter | Published: 24 August 2025

FINANCIAL SERVICES

Zimbabwe FIU fines banks over weak AML Controls

Zimbabwe's Financial Intelligence Unit (FIU) fined four banks up to US$30 000 each last year after uncovering serious lapses in anti-money laundering (AML) and counter-terrorist financing (CFT) system...

By Staff reporter | Published: 22 August 2025

POLITICS

Street vending ban could worsen economic hardship?

Economists have raised concerns over the government's decision to ban street and night vending across Zimbabwe's central business districts (CBDs), warning that the move could intensify economic hard...

By Staff reporter | Published: 20 August 2025

FINANCIAL SERVICES

RBZ to regulate AI in Zimbabwe's banks

The Reserve Bank of Zimbabwe (RBZ) is developing specific rules to regulate the use of artificial intelligence (AI) within the country's financial institutions, signaling a major step toward modernizi...

By Staff reporter | Published: 19 August 2025

FINANCIAL SERVICES

BancABC swings to profit

African Banking Corporation of Zimbabwe Limited (BancABC) has returned to profitability, posting a profit after tax of ZiG146,6 million for the half year ended June 30, 2025, reversing a loss-making p...

By Staff reporter | Published: 19 August 2025

FINANCIAL SERVICES

Nedbank sells Ecobank stake

Nedbank Group has sold its 21.2% stake in Ecobank Transnational for US$100 million to Bosquet Investments, an investment vehicle of former Ecobank chairman Alain Nkontchou.The South African lender, wh...

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

LANDS & AGRICULTURE

Zimbabwe imposes livestock movement ban

In an urgent bid to curb a rapidly spreading Foot and Mouth Disease (FMD) outbreak, the Zimbabwean government has announced an immediate, nationwide ban on all livestock movement, alongside the dispat...

By Staff reporter | Published: 18 August 2025

FINANCIAL SERVICES

Banks to report on rural financial literacy outreach

The Reserve Bank of Zimbabwe (RBZ) has stepped up efforts to promote financial literacy in rural and marginalised communities, directing all banks and microfinance institutions to submit quarterly up...

By Staff reporter | Published: 18 August 2025

FINANCIAL SERVICES

Ex-bank consultant jailed for US$23,000 fraud

A former ZB Bank loan consultant, Cosmas Bhude, has been sentenced to an effective three years and nine months in prison for defrauding clients of more than US$23,000 through a series of fraudulent l...

By Staff reporter | Published: 16 August 2025

MINING & RETAIL

Zimbabwe's lithium smugglers defy export ban

Zimbabwe is losing millions of dollars through the illicit export of raw lithium, despite a government ban introduced in 2022 to force miners to process the mineral locally. The ban, first imposed un...

By Staff reporter | Published: 16 August 2025

ASIA PACIFIC

China sanctions two EU banks

China sanctioned a pair of banks in the EU, fulfilling a promise to retaliate after the bloc targeted some Chinese lenders over Russia's invasion of Ukraine.China included UAB Urbo Bankas and AB Mano ...

By Staff reporter | Published: 13 August 2025

FINANCIAL SERVICES

Zimbabwe banks show strong capital buffers

Most Zimbabwean banking institutions have exceeded minimum regulatory capital requirements, signalling stability, resilience, and soundness in the country's financial system, the latest Reserve Bank o...

By Staff reporter | Published: 13 August 2025

AFRICA NEWS

Jabulani Khumalo banks on captured ConCourt to unseat Zuma

Former uMkhonto weSizwe (MK) Party leader Jabulani Khumalo has launched an urgent Constitutional Court application seeking to reclaim the party's top leadership position from former President Jacob Zu...

By Staff reporter | Published: 12 August 2025

AFRICA BUSINESS

South African Reserve Bank doubles down on new target

South African Reserve Bank Governor Lesetja Kganyago said inflation is expected to quicken over the next couple of months before cooling and that if it holds at current levels its forecasts predict lo...

By Staff reporter | Published: 08 August 2025
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