BUSINESS NEWS

Zimbabwe-China trade hits US$1.9 billion

Trade between Zimbabwe and China has surged to an impressive US$1.9 billion in the first five months of 2025, reflecting an annual growth rate of over 18%, according to figures revealed at the China-Z...

By Staff reporter | Published: 17 July 2025

ZIMBABWE

Zimbabwe revises GDP upwards to US$44.4 billion

Zimbabwe has recorded a significant rise in its Gross Domestic Product (GDP), now revised to ZiG168.5 trillion (approximately US$44.4 billion), marking a substantial increase from the previous estimat...

By Staff reporter | Published: 09 July 2025

BUSINESS NEWS

'Zimbabwe losing billions in tax revenue to informal sector'

Zimbabwe is losing between US$7.5 billion and US$8 billion in potential tax revenue every year due to the dominance of its informal sector, according to new estimates by the African Development Bank (...

By Staff reporter | Published: 04 July 2025

ECONOMC INDICATORS

Zimbabwe's GDP grows 2.9% to US$45.7 billion

Zimbabwe's economy expanded by 2.9 percent in 2024, with the Gross Domestic Product (GDP) rising to US$45.7 billion from US$44.4 billion in 2023, according to the latest figures released by the Zimbab...

By Staff reporter | Published: 02 July 2025

BUSINESS NEWS

Harare has over 5,000 illegal billboards

Shocking revelations emerged this week that Harare City Council officials are allegedly complicit in the illegal erection and operation of over 5,000 billboards across the capital, costing the local a...

By Staff reporter | Published: 30 June 2025

MINING & RETAIL

Mines and Minerals Bill gazetted

The Mines and Minerals Bill (H.B. 1, 2025) has been officially gazetted, marking a significant step toward modernising Zimbabwe's mining legislation, which currently dates back to the colonial era.The...

By Staff reporter | Published: 25 June 2025

MINING & RETAIL

Prospectors slam Zimbabwe's 'secretive' Mines and Minerals Bill

Zimbabwe's long-anticipated Mines and Minerals Bill is under fresh scrutiny, with industry stakeholders warning that the proposed legislation remains opaque, exclusionary, and dangerously susceptible ...

By Staff reporter | Published: 20 June 2025

POLITICS

Harare ratepayers face US$3 million monthly bill in secretive deal

Harare's ratepayers are set to pay nearly US$3 million every month for refuse collection and street cleaning under a murky new contract involving the government, the City of Harare (CoH), and Geo Pomo...

By Staff reporter | Published: 01 June 2025

BUSINESS NEWS

Zimbabwe targets 2030 to clear US$21 billion debt

Zimbabwe has set an ambitious 2030 deadline to clear its ballooning US$21 billion public debt, in a bid to create the foundations for a stable mono-currency regime anchored by the Zimbabwe Gold (ZiG) ...

By Staff reporter | Published: 19 May 2025

BUSINESS NEWS

Zimbabwe banker, SA banks implicated in R2 billion electoral scandal

A top Zimbabwean banker is at the centre of the nearly R2 billion Zimbabwe Electoral Commission (ZEC) tender scandal involving a South African printing company paid R1.2 billion by the Harare governme...

By Roland Mpofu | Published: 08 May 2025

BUSINESS NEWS

UK firms eye US$1 billion in Zimbabwe investments

British companies are preparing to inject nearly US$1 billion into Zimbabwe's economy, targeting critical sectors such as dairy production, mining, and renewable energy. The investment drive signals a...

By Staff reporter | Published: 29 April 2025

BUSINESS NEWS

ZIDA issues US$4,7 billion licences

Zimbabwe has recorded a major boost in investment interest, with the Zimbabwe Investment and Development Agency (ZIDA) issuing 207 new licences worth a combined US$4.7 billion during the first quarter...

By Staff reporter | Published: 26 April 2025

MINING & RETAIL

Mutapa clarifies Kuvimba's US$1,9 billion acquisition

The Government of Zimbabwe has provided clarity on the funding structure used for its acquisition of a 35 percent stake in Kuvimba Mining House (KHM), the country's largest mining asset, by the Mutapa...

By Staff reporter | Published: 25 April 2025

AFRICA BUSINESS

SA losing US$62 billion a year due to illicit financial flows

South Africa is losing more than US$62 billion a year because of illicit financial flows (IFFs), which could be used to fund the building of schools, hospitals and safer roads.This was highlighted at ...

By Staff reporter | Published: 12 September 2023

ZSE TODAY

ZSE falls as RBZ readies corporate OMO Bills to mop up excess liquidity

The stock market fell on Wednesday but at a much slower pace as investors have adopted a somewhat wait and see approach until the dust settles on the ongoing currency reforms that Treasury and the Res...

By Staff reporter | Published: 18 March 2020

BUSINESS NEWS

All deposit classes now indexed to treasury bill yields, say Mthuli Ncube

Government has gazetted a statutory instrument which directs that all classes of deposits in the banking system, should be indexed to treasury bill yields as part of efforts to promote fair compensati...

By Staff reporter | Published: 13 March 2020

TELECOMS & TECHNOLOGY

Bill seeks to end child internet abuse

GOVERNMENT is committed to fighting abuse of children on the internet as evidenced by the crafting of the Cyber Crime, Security and Data Protection Bill, Deputy Minister of Information Communication T...

By Staff reporter | Published: 22 October 2019

FINANCIAL SERVICES

Money Supply (M3) rises to $17.1 billion in July 2019

The Reserve Bank of Zimbabwe released its monthly economic review documents for July 2019. The publication gives a general overview of a wide range economic statistics. The monetary statistics are a k...

By Staff reporter | Published: 18 October 2019

FINANCIAL SERVICES

New Bill to revamp pensions funds set to be gazetted soon

THE upcoming Pensions and Provident Fund Bill will allow pension funds to invest up to 20% of their assets in offshore markets, but the regulator says this is subject to the fulfilment of local obliga...

By Staff reporter | Published: 11 October 2019

BUSINESS NEWS

Cyber Crime Bill gets the nod

Cabinet yesterday approved the Cyber Crime, Security and Data Protection Bill which seeks to combat cyber crimes and enhance security in the wake of rampant abuse of the platform. The Bill, which prov...

By Staff reporter | Published: 10 October 2019

POLITICS

Perrence Shiri's ministry fails to account for $2 billion

OPPOSITION parties have expressed anger over the shambolic accounts at the Agriculture ministry which saw it using $2 billion budget with no supporting documents. This came out this week when the Tend...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Zimra on course to surpass $4,8 billion target

THE Zimbabwe Revenue Authority (Zimra) is well on course to surpass its half year revenue collection target with the final report for the period set for release at the end of this month, board chairpe...

By Staff reporter | Published: 10 July 2019

BUSINESS NEWS

Tax scam costs Govt billions

Some players in the garment-making sector are allegedly skimming the Government of billions of dollars in potential tax revenue and suffocating downstream textile industries by abusing a special cloth...

By Staff reporter | Published: 10 July 2019

TELECOMS & TECHNOLOGY

Govt, parastatals owe TelOne $93m in unpaid bills

Telone trimmed its debtors' book by 7% from $162 million in 2017 to $151 million in 2018, but is still struggling to recover debts owed by government departments and parastatals totalling $93 million ...

By Staff reporter | Published: 03 July 2019

SOCCER

Al Ahly revive Billiat interest

EGYPTIAN football giants Al Ahly have reportedly revived their interest in Warriors forward Khama Billiat, who displayed a scintillating performance in the opening match of the 2019 African Cup of Nat...

By Staff reporter | Published: 26 June 2019
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