POLITICS

Buyanga dealt a court blow

The High Court has nullified a fraudulent property transaction involving controversial businessman Frank Buyanga, exposing an elaborate web of deceit that included forged documents, illegal property t...

By Staff reporter | Published: 29 October 2025

BUSINESS NEWS

Zera, ZETDC iron out proposed private sector power retail deal

The Zimbabwe Energy Regulatory Authority (ZERA) and the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) are working on modalities to operationalise the government's plan to open up ...

By Staff reporter | Published: 28 October 2025

BUSINESS NEWS

Dangote expected in Zimbabwe for a potential US$1bn deal

Nigerian billionaire and Africa's wealthiest man, Mr Aliko Dangote, is expected in Zimbabwe soon to discuss plans for a major cement, coal mining, and power generation project valued at approximately ...

By Staff reporter | Published: 26 October 2025

POLITICS

Chiwenga urges Zanu-PF to uphold liberation ideals

Vice President Constantino Chiwenga has called on Zanu-PF members to remain anchored in the values and sacrifices of Zimbabwe's liberation heroes as the country strives to achieve its Vision 2030 tar...

By Staff reporter | Published: 18 October 2025

MINING & RETAIL

Zimbabwe's diamond deal sparks controversy

Executives at Zimbabwe's state-owned diamond and mineral marketing companies have plunged the country's mineral wealth into turmoil after signing a multi-million-dollar agreement with a loss-making D...

By Staff reporter | Published: 17 October 2025

BUSINESS NEWS

'Police are lenient': Zimbabwe's disabled black market currency dealers

Kenias Mutsenha had long ceased using his Zimbabwean local currency bank account, abandoning it for one trading in US dollars, as many in the economically volatile country prefer dealing with more sta...

By Calvin Manika, | Published: 09 October 2025

MINING & RETAIL

New offtake deal needed to boost Zulu output

British-based miner Premier African Minerals Limited (Premier) says unlocking the full production capacity of its Zulu lithium project in Zimbabwe hinges on a revised offtake agreement with Canmax Te...

By Staff reporter | Published: 06 October 2025

BUSINESS NEWS

Zimbabwe eyes mineral-backed debt deals

Zimbabwe is exploring the use of its vast mineral resources, including platinum, gold, and lithium, to help settle part of its US$13.2 billion external debt, Finance, Economic Development and Investme...

By Staff reporter | Published: 26 September 2025

BUSINESS NEWS

RBZ goes after car dealerships

The Reserve Bank of Zimbabwe's (RBZ) Financial Intelligence Unit (FIU) has singled out the country's car dealership industry as the most vulnerable sector to money laundering, warning that its cash-he...

By Staff reporter | Published: 12 September 2025

BUSINESS NEWS

7 illegal forex dealers await bail ruling

Seven suspected illegal foreign currency dealers accused of engaging in money laundering and running an underground forex trading operation are expected back in court today for their bail ruling.The ...

By Staff reporter | Published: 05 September 2025

BUSINESS NEWS

Zimbabwe secures blueberry export deal with China

In a historic boost for the country's horticulture sector, Zimbabwean blueberries can now be exported to China following the signing of a new bilateral protocol in Beijing.The agreement, hailed as a ...

By Staff reporter | Published: 08 September 2025

BUSINESS NEWS

Mnangagwa pushes rail and ICT deals in Beijing

President Emmerson Mnangagwa held high-level meetings with two major Chinese corporations in Beijing on Monday, advancing Zimbabwe's agenda to modernise infrastructure and accelerate digital transform...

By Staff reporter | Published: 03 September 2025

BUSINESS NEWS

Mnangagwa to tie up $533m railway deal

President Emmerson Mnangagwa on Tuesday met executives of the China Railway Group (CRG) in Beijing to finalise a transformative US$533 million deal to overhaul Zimbabwe's deteriorating railway system,...

By Staff reporter | Published: 02 September 2025

BUSINESS NEWS

Willowvale, Ashok Leyland seal US$5m vehicle assembly deal

Willowvale Motor Industries (WMI) has earmarked US$5 million to launch its newly signed assembly partnership with Indian vehicle manufacturing giant Ashok Leyland, paving the way for the local product...

By Staff reporter | Published: 31 August 2025

BUSINESS NEWS

Chiwenga secures landmark vehicle production deal

Zimbabwe has made significant strides at the India-Africa Business Conclave, which concludes today, with Vice President Dr Constantino Chiwenga leading a delegation that secured landmark partnerships ...

By Staff reporter | Published: 31 August 2025

INDUSTRIALS & ENERGY

Zimbabwe seals nuclear energy deal

Zimbabwe's Centre for Education, Innovation, Research and Development (CEIRD) has signed a memorandum of understanding with Korea Hydro & Nuclear Power (KHNP) to conduct a preliminary feasibility ...

By Staff reporter | Published: 29 August 2025

BUSINESS NEWS

Bulawayo divided over Glassblock dam deal

Bulawayo councillors are at odds over the proposed Glassblock Dam project, with debates centering on cost, water security, and reliance on a single supply source. The dam, planned on the Mzingwane Ri...

By Staff reporter | Published: 19 August 2025

POLITICS

Harare residents resist Discovery ambulance deal

HARARE residents have voiced outrage over the City of Harare's (CoH) planned partnership with Discovery Ambulance, warning that the public could end up paying twice for emergency services.The counci...

By Staff reporter | Published: 16 August 2025

MINING & RETAIL

Investor loses US$60,000 in botched lithium deal

A United Arab Emirates-based company has allegedly lost US$60,620 in a failed lithium deal with a local firm, prompting fraud charges against Nasha Weal Musa, director of Nasha Industries and Commodit...

By Staff reporter | Published: 05 August 2025

BUSINESS NEWS

Top banker exposed in land deal

A senior official at FBC Bank, Rena Kunonga Sambaza, is currently embroiled in a legal dispute involving allegations of fraud related to the acquisition and subsequent exchange of a residential stand...

By Staff reporter | Published: 31 July 2025

BUSINESS NEWS

Zimbabwe, UAE sign health cooperation deal

Zimbabwe has signed a landmark Memorandum of Understanding (MoU) with the United Arab Emirates (UAE) aimed at transforming and strengthening healthcare systems in both countries through wide-ranging ...

By Staff reporter | Published: 30 July 2025

BUSINESS NEWS

Zambia signs $1.1 billion deal with Chinese firm

Zambia has signed a US$1.1 billion Memorandum of Understanding (MoU) with China's Fujian Xiang Xin Corporation for the development of a crude oil refinery and energy complex in Ndola, in a move expect...

By Staff reporter | Published: 22 July 2025

BUSINESS NEWS

Mutapa, Jindal Steel seal US$455m deal

The Mutapa Investment Fund (MIF) has finalized a $455 million concession agreement with Indian conglomerate Jindal Steel and Power Company for the rehabilitation of Units 1 to 6 at Hwange Thermal Powe...

By Staff reporter | Published: 17 July 2025

POLITICS

Council duped US$18,000 in fake bridge deal

Three men have been handed 18-year prison sentences each for defrauding the Hurungwe Rural District Council (RDC) of nearly US$18,000 in a fraudulent bridge construction scheme.The High Court sentence...

By Staff reporter | Published: 13 July 2025

BUSINESS NEWS

Zimbabwe strike investment, trade deals at Afreximbank meeting

Zimbabwean business leaders and economic policy figures who attended the recent African Export-Import Bank (Afreximbank) Annual Meetings in Abuja, Nigeria, say the event yielded significant benefits i...

By Staff reporter | Published: 02 July 2025
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