BUSINESS NEWS

RBZ introduces new ZiG term deposit bills

The Reserve Bank of Zimbabwe (RBZ) has introduced a new round of Zimbabwe Gold (ZiG)-denominated Term Deposit Facility Bills, offering investors an opportunity to earn interest while supporting effor...

By Staff reporter | Published: 17 hours ago

BUSINESS NEWS

Zimbabwe's electricity import bill plunges 44%

Zimbabwe's electricity import bill fell by 44 percent to US$117 million in 2025 from US$208.7 million in 2024, reflecting a major improvement in domestic power generation and delivering substantial f...

By Staff reporter | Published: 04 June 2026

BUSINESS NEWS

Zimbabwe-UAE trade set to hit US$6 billion

President Emmerson Mnangagwa says Zimbabwe's engagement and re-engagement policy continues to strengthen international economic ties, with trade between Zimbabwe and the United Arab Emirates expected...

By Staff reporter | Published: 24 May 2026

BUSINESS NEWS

Bulawayo City Council wage bill exceeds govt limits

Bulawayo City Council is facing mounting financial pressure after salaries consumed more than half of its 2026 budget, placing the local authority in breach of Government-prescribed expenditure ratios...

By Staff reporter | Published: 19 May 2026

MINING & RETAIL

Zimbabwe mineral sales near $1 billion

Zimbabwe's mining sector recorded a strong performance in the first quarter of 2026, with total mineral sales approaching the US$1 billion mark following the government's ban on the export of unbenef...

By Staff reporter | Published: 19 May 2026

INDUSTRIALS & ENERGY

Delta revenue breaks US$1 billion mark

Delta Corporation Limited has posted record-breaking financial results for the year ended March 2026, with revenue surpassing the US$1 billion mark for the first time in the company's history.In a st...

By Staff reporter | Published: 16 May 2026

FINANCIAL SERVICES

Retrenchment bill dents banks' earnings

ZIMBABWE'S banking sector spent more than US$50 million on retrenchment and restructuring costs in 2025, as major financial institutions accelerated staff rationalisation programmes aimed at cutting ...

By Staff reporter | Published: 16 May 2026

INDUSTRIALS & ENERGY

Zimbabwe power crisis turns into a fuel bill problem

Zimbabwe recorded a sharp rise in fuel consumption in the first quarter of 2026, underscoring growing pressure on the country's foreign currency reserves and highlighting deep structural dependence on...

By Staff reporter | Published: 11 May 2026

POLITICS

Amendment Bill heads to Parliament on May 18

The Constitutional Amendment (No. 3) Bill is set to be tabled before the Parliament of Zimbabwe on May 18, following the conclusion of nationwide public hearings where it was reportedly widely receive...

By Staff reporter | Published: 04 May 2026

BUSINESS NEWS

Zimbabwe rolls out multi-billion-dollar overhaul of major highways

Zimbabwe will next year initiate a sweeping US$3 billion road rehabilitation and upgrade programme targeting four major national highways, in what government officials describe as one of the most ambi...

By Staff reporter | Published: 10 December 2025

POLITICS

Harare faces billboard revenue scandal

Harare City Council is under scrutiny over apparent revenue losses from billboard advertisements across the capital, with Mayor Jacob Mafume describing the situation as a "major revenue scandal." The...

By Staff reporter | Published: 07 December 2025

BUSINESS NEWS

Zimbabwe crude oil import bill set to fall

Zimbabwe's sunflower farming sector is poised for significant growth through a new contract farming programme aimed at reducing the country's crude oil import bill. The initiative, called Mr Sunflowe...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

Zimbabwe gold reserves reach US$ 1 billion mark

Zimbabwe's foreign currency and gold reserves backing the Zimbabwe Gold (ZiG) currency have surpassed US$1 billion for the first time since the introduction of the local unit, the Reserve Bank of Zim...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

Zimbabwe diaspora remittances reach US$2,1 billion

Zimbabwe's diaspora community has continued to play a crucial role in supporting the local economy, with remittances surging to US$2,1 billion in the first nine months of 2025, Finance and Investment ...

By Staff reporter | Published: 02 December 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

Billions lost to smuggling through Beitbridge

Billions of dollars are being lost annually through the smuggling of goods across Zimbabwe's porous border posts - particularly Beitbridge - amid growing fears that corruption, weak security, and lack...

By Staff reporter | Published: 13 November 2025

BUSINESS NEWS

Signed, sealed, and delivered US$1 billion

Nigerian billionaire Aliko Dangote has signed a landmark investment agreement with the Government of Zimbabwe worth over US$1 billion, marking a major breakthrough in the country's efforts to attract ...

By Staff reporter | Published: 12 November 2025

POLITICS

Dutch billionaire meets Mnangagwa

Dutch billionaire and investor Mr Marcel Boekhoorn yesterday met President Emmerson Mnangagwa at State House to present ambitious plans to expand his business footprint in Zimbabwe, signalling ren...

By Staff reporter | Published: 11 November 2025

SOCCER

Billiat, Munetsi omission from Warriors' squad explained

The Zimbabwe Football Association (ZIFA) has clarified the absence of vice-captain Marshall Munetsi and winger Khama Billiat from the latest Warriors squad set to face Algeria and Qatar during the Nov...

By Staff reporter | Published: 09 November 2025

BUSINESS NEWS

'Zimbabwe needs US$50 billion FDI'

Zimbabwe needs about US$50 billion in investment over the next decade to sustain economic growth and achieve meaningful transformation, according to prominent economist and entrepreneur Nigel Chanaki...

By Staff reporter | Published: 09 November 2025

SOCCER

Munetsi, Billiat missing

Vice-captain Marshall Munetsi and veteran forward Khama Billiat have been left out of the Warriors squad named for the upcoming international friendlies against Algeria and Qatar, scheduled during th...

By Staff reporter | Published: 07 November 2025

BUSINESS NEWS

Zimbabwe's foreign reserves near US$1 billion

Reserve Bank of Zimbabwe (RBZ) Deputy Governor Dr. Innocent Matshe has revealed that the country's foreign reserves have surged from US$276 million in April 2024 to about US$930 million by September ...

By Staff reporter | Published: 07 November 2025

BUSINESS NEWS

Zimbabwe agriculture sector surpasses US$10 billion

President Emmerson Mnangagwa has commended the Ministry of Lands, Agriculture, Fisheries, Water and Rural Development for steering the country's agriculture sector beyond expectations, growing it from...

By Staff reporter | Published: 04 November 2025

BUSINESS NEWS

Zimbabwe's NHI Bill nears completion

The long-awaited National Health Insurance Bill is edging closer to Cabinet and Parliament, with the draft law now undergoing peer review at the Attorney-General's Office, officials have confirmed.Onc...

By Staff reporter | Published: 04 November 2025
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