BUSINESS NEWS

Zimbabwe to sign petroleum deal with Geo Associates

The Government of Zimbabwe is expected to officially sign a Petroleum Production Sharing Agreement (PPSA) with Geo Associates on May 27, 2026, in a move seen as a major step toward attracting investme...

By Staff reporter | Published: 27 May 2026

POLITICS

Zanu-PF MP duped US$100k in black magic deal

Zanu-PF Member of Parliament for Masvingo South, Tanatsiwa Mukomberi, has reportedly been defrauded of US$100 000 in a suspected "black magic money" scam involving counterfeit US dollars and fake inv...

By Staff reporter | Published: 27 May 2026

TRANSPORT & TOURISM

NRZ secures US$115m Afreximbank deal to revive rail system

The National Railways of Zimbabwe (NRZ) is finalising a US$115 million loan agreement with the African Export-Import Bank (Afreximbank) aimed at rehabilitating critical rail infrastructure, locomotive...

By Staff reporter | Published: 07 May 2026

BUSINESS NEWS

ZITF 2026 generates over US$600 million in deals

The 66th edition of the Zimbabwe International Trade Fair has generated more than US$600 million in business transactions, confirming its growing role as a key investment and industrial matchmaking pl...

By Staff reporter | Published: 27 April 2026

MINING & RETAIL

Zimbabwe moves to crack down on proxy mining deals

The Government of Zimbabwe has announced plans to tighten oversight of mining transactions, warning that individuals involved in selling mining titles through proxy arrangements could soon face blackl...

By Staff reporter | Published: 24 April 2026

AFRICA BUSINESS

Zambeef discloses related-party power deal

Zambeef Products Plc has disclosed a significant related-party transaction under AIM Rule 13, entering into a long-term electricity supply agreement with Kanona Power Company Limited, a company linked...

By Staff reporter | Published: 20 April 2026

POLITICS

Cracks emerge in US$3,5bn former white farmers deal

Zimbabwe's farm compensation process has come under fresh scrutiny, with the head of a legally mandated steering committee alleging that government is pursuing "divide and rule" tactics in its engagem...

By Staff reporter | Published: 17 April 2026

BUSINESS NEWS

Mutapa Fund seals US$1bn financing deals

  Zimbabwe's sovereign wealth vehicle, the Mutapa Investment Fund, secured more than US$1 billion in financing deals during 2025, marking a shift from project planning to execution across ke...

By Staff reporter | Published: 17 April 2026

BUSINESS NEWS

Mnangagwa's railway revamp deal balloons to US$3bn

A major variance has emerged between Zimbabwe's earlier stated railway rehabilitation cost and the latest government figures, with a programme initially presented as a US$533 million investment now re...

By Staff reporter | Published: 05 December 2025

BUSINESS NEWS

Bulawayo cement plant deal collapses

A controversial lease agreement for the development of a cement plant in Bulawayo has been cancelled after the Chinese-linked developer, Labenmon Investments (Private) Limited, failed to finalise the ...

By Staff reporter | Published: 17 November 2025

POLITICS

CIO boss nabbed for dealing cocaine

A senior assistant intelligence officer has appeared before the Harare Magistrates Court facing charges of illegal possession of cocaine after being allegedly caught with nearly 25 grams of the drug.F...

By Staff reporter | Published: 03 November 2025

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
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