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

SOCCER

Nyoni signs new deal with Liverpool FC

Highly-rated midfielder Trey Nyoni has signed a new long-term contract with Liverpool FC, extending his stay at Anfield just days after turning 18.Nyoni, who joined the Reds from Leicester City in Sep...

By Staff reporter | Published: 01 July 2025

SOCCER

Zimbabwean teen signs pro deal with Ipswich Town

Zimbabwean teenage football prodigy Corbin Mthunzi has officially joined English Premier League side Ipswich Town, ending his stint with Brighton and Hove Albion.The 17-year-old midfield sensation, wh...

By Staff reporter | Published: 30 June 2025

BUSINESS NEWS

Zimbabwe's sugar giant gets rescue deal

A consortium of Zimbabwean and Pakistani investors has officially taken over Tongaat Hulett Zimbabwe, offering renewed optimism for one of Zimbabwe's most strategic agro-industrial players. The acquis...

By Staff reporter | Published: 20 June 2025

BUSINESS NEWS

Zimbabwe, Zambia seal deal on new refined petroleum pipeline

The Government of Zimbabwe has approved a landmark Memorandum of Understanding (MoU) with Zambia to pave the way for the development of a new pipeline aimed at transporting refined petroleum between t...

By Staff reporter | Published: 11 June 2025

FINANCIAL SERVICES

ZB tips Mastercard deal to drive global transactions

ZB Financial Holdings (ZBFH) has launched a new range of Mastercard products as part of its ongoing digital transformation strategy aimed at expanding financial inclusion and giving Zimbabwean custome...

By Staff reporter | Published: 03 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

POLITICS

Tshabangu seals 2030 agenda deal

Citizens Coalition for Change (CCC) interim secretary-general Sengezo Tshabangu has told legislators aligned to his faction that he has secured a deal that would allow them to remain in Parliament bey...

By Staff reporter | Published: 22 May 2025

BUSINESS NEWS

Zanu PF chef loses fortune in toned down water deal

A controversial US$138 million contract awarded to Helcraw Electrical Projects, a company owned by Zanu PF legislator Farai Jere, for the development of Harare's water infrastructure has been signific...

By Staff reporter | Published: 17 May 2025

POLITICS

MPs refuse to 'protect and secure' Mnangagwa's Belarus deals

President Emmerson Mnangagwa presided over the signing of several Memoranda of Understanding (MoUs) with the Belarusian government in Minsk on Tuesday, but back home, opposition legislators blocked th...

By Staff reporter | Published: 16 May 2025

BUSINESS NEWS

Mnangagwa secures deal to reconstruct Parirenyatwa hospital

President Emmerson Mnangagwa has secured a landmark deal with Belarus that will see the overhaul of Zimbabwe's health sector, beginning with the reconstruction and capacitation of the Parirenyatwa Gro...

By Staff reporter | Published: 14 May 2025

BUSINESS NEWS

Zimbabwe, Mozambique sign landmark energy deal

Zimbabwe and Mozambique have signed a landmark agreement to deepen cooperation in the energy sector, a development poised to significantly improve energy security and infrastructure across Southern Af...

By Staff reporter | Published: 09 May 2025

BUSINESS NEWS

ZITF 2025 generates US$10 million worth of deals

The 65th edition of the Zimbabwe International Trade Fair (ZITF) concluded on a high note yesterday, generating business deals worth up to US$10 million and securing significant trade agreements, rein...

By Staff reporter | Published: 28 April 2025

AFRICA BUSINESS

Money, politics put world's biggest climate deal at risk

When Indonesia agreed last year to clean up its energy system with an estimated US$20 billion of help from a coalition of wealthy countries and large financial institutions, world leaders hailed the d...

By Bloomberg | Published: 12 September 2023

BUSINESS NEWS

RBZ clamps down on illegal cash deals

THE Reserve Bank of Zimbabwe has banned with immediate effect all cash-in, cash-out and cash-back transactions, which were used by some dealers to extort cash from members of the public. Further, the ...

By Staff reporter | Published: 01 October 2019

TRANSPORT & TOURISM

NRZ says happy with DIDG deal

THE National Railways of Zimbabwe (NRZ) has expressed satisfaction with progress made towards concluding the US$400 million recapitalisation deal with the Diaspora Infrastructure Development Group (DI...

By Staff reporter | Published: 24 September 2019

BUSINESS NEWS

Mnangagwa's govt stalls Harare bus deal

CHINA Nachang Engineering (Pvt) Ltd has withdrawn from a US$400 million deal with Harare City Council which was expected to supply 600 green-energy buses in the metropolitan province, saying it was ad...

By Staff reporter | Published: 12 July 2019
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