BUSINESS NEWS

Flo Petroleum loses US$40k to employees

FLO Petroleum has reportedly lost US$39,931 to two of its employees in an alleged fraud scheme, a Harare court heard yesterday.Patience Chiringa, a manager, and Ocean Gurure, a supervisor at the fuel...

By Staff reporter | Published: 16 August 2025

ASIA PACIFIC

China sanctions two EU banks

China sanctioned a pair of banks in the EU, fulfilling a promise to retaliate after the bloc targeted some Chinese lenders over Russia's invasion of Ukraine.China included UAB Urbo Bankas and AB Mano ...

By Staff reporter | Published: 13 August 2025

BUSINESS NEWS

Flo Petroleum fined for selling contaminated fuel

Ibhalabhala Private Limited, trading as Flo Petroleum, has been fined US$350 by Harare magistrate Mr. Gamuchirai Gore after being found guilty of selling contaminated fuel.Magistrate Gore ordered the ...

By Staff reporter | Published: 18 July 2025

BUSINESS NEWS

Pharmaceutical industry grapples with border smuggling

Zimbabwe's pharmaceutical industry is battling a cocktail of systemic challenges that are stifling growth and jeopardising public health, sector leaders have warned.At the third annual Community Pharm...

By Staff reporter | Published: 07 July 2025

BUSINESS NEWS

EU warns Zimbabwe

The European Union (EU) has issued a stark warning to Zimbabwe, urging the government to implement urgent reforms to strengthen the rule of law, combat corruption, and ensure policy predictability. Wi...

By Staff reporter | Published: 03 July 2025

POLITICS

Sikhala reunites divided Zimbabwe opposition leaders

In a historic and unprecedented gathering, Zimbabwe's long-divided opposition leaders came together on Friday night, sharing the same stage and microphone in a unified call to end Zanu-PF's decades-lo...

By Staff reporter | Published: 29 June 2025

POLITICS

Tagwirei sparks feud with Kasukuwere, Biti

ZANU PF-aligned businessman Kudakwashe Tagwirei has ignited a political storm after accusing self-exiled former cabinet minister Saviour Kasukuwere and former Finance Minister Tendai Biti of corruptio...

By Staff reporter | Published: 26 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

POLITICS

Chivayo gifts Reuben Barwe a Luxury SUV, $100,000

Controversial businessman and philanthropist Sir Wicknell Chivayo has once again made headlines, this time for gifting veteran journalist and Zimbabwe Broadcasting Corporation (ZBC) Chief Corresponden...

By Staff reporter | Published: 22 May 2025

BUSINESS NEWS

Zimbabwe excluded from €500 million EU aid package

Zimbabwe has been excluded from a new €500 million aid package from the European Union (EU) to Africa, following the recent enactment of the controversial Private Voluntary Organisation (PVO) Amendm...

By Staff reporter | Published: 22 May 2025

BUSINESS NEWS

EU urges Zimbabwe firms to come up with bankable projects

The European Union (EU) ambassador to Zimbabwe, Jobst von Kirchmann, has called on local businesses to develop bankable projects to attract investment funding, as the EU recently secured over US$100 m...

By Staff reporter | Published: 22 May 2025

BUSINESS NEWS

'Zimbabwe, EU ties to top US$1bn'

Trade and investment ties between Zimbabwe and the European Union (EU) are expected to exceed US$1 billion in the coming years, as both parties strengthen economic collaboration, EU Ambassador to Zimb...

By Staff reporter | Published: 21 May 2025

BUSINESS NEWS

EU-Zimbabwe Business Forum kicks off in Harare

The inaugural EU-Zimbabwe Business Forum kicked off in Harare on Tuesday, marking a significant step toward revitalising and strengthening trade and investment relations between Zimbabwe and the Europ...

By Staff reporter | Published: 21 May 2025

BUSINESS NEWS

Zimbabwe, EU celebrate growing trade

Zimbabwe and the European Union (EU) have marked a significant milestone in their growing economic partnership, with trade between the two entities increasing by 30% and foreign direct investment (FDI...

By Staff reporter | Published: 13 May 2025

BUSINESS NEWS

Yale University donates to Zimbabwe's Natural History museum

United States Ambassador to Zimbabwe, Pamela Tremont, has marked a significant milestone in international scientific cooperation with the donation of 16 fossil specimen cabinets from Yale University t...

By Staff reporter | Published: 28 April 2025

BUSINESS NEWS

EU scraps duty on Zimbabwe exports

In a landmark development for Zimbabwe's trade ambitions, European Union Ambassador to Zimbabwe, Jobst Von Kirchmann, announced that Zimbabwean companies can now export any product to the EU duty-free...

By Staff reporter | Published: 28 April 2025

BUSINESS NEWS

Duty free access into EU for Zimbabwe exports

The European Union (EU) has reaffirmed its commitment to boosting foreign direct investment (FDI) and offering duty-free access to European markets for Zimbabwean products, EU Ambassador to Zimbabwe, ...

By Staff reporter | Published: 25 April 2025

TELECOMS & TECHNOLOGY

Sony hikes price of its PlayStation 5 console in Europe

Sony says it has increased the price of its PlayStation 5 console in markets in Europe, Britain, Australia and New Zealand.The Japanese technology and entertainment conglomerate says a "challenging ec...

By Staff reporter | Published: 14 April 2025

FINANCIAL SERVICES

European Investment Bank warms up to Zimbabwe

The European Investment Bank (EIB) has availed about €40m to Zimbabwe banks within a year, which will go towards bailing out the country's SMEs and mid-cap companies, in a vote of confidence in the ...

By Staff reporter | Published: 02 June 2022

Nestlé Zimbabwe fosters Agripreneurship

Food and beverages concern, Nestlé Zimbabwe, says its National Dairy Empowerment Scheme (NDES) has evolved to focus on agripreneurship as it seeks to scale up output and build competences in farmers....

By Staff reporter | Published: 02 June 2022

ZIMBABWE

Zim$ depreciates 27.28% as Reuters goes live

The Reuters foreign currency trading platform went live today, marking Zimbabwe's long-delayed step towards a transparent and effective foreign exchange trading platform.This also comes as Bureaux de ...

By Staff reporter | Published: 18 March 2020

BUSINESS NEWS

Zimbabwe introduces Reuters system for forex trading

GOVERNMENT has introduced a Reuters system for foreign currency trading which allows banks to trade freely as a way of stabilising the exchange rate as well as bringing down inflation to sustainable l...

By Staff reporter | Published: 11 March 2020

BUSINESS NEWS

No more need to queue for fuel

LOCAL company ezFuelapp.com has launched its first patent registered mobile application which enables Zimbabweans to purchase fuel online.  The mobile application is now available for download on...

By Staff reporter | Published: 22 October 2019

POLITICS

Europe pushes for Mnangagwa, Chamisa talks

THE European Union (EU) is ramping up pres- sure on President Emmerson Mnangagwa to hold much-needed talks with opposition leader Nelson Chamisa. This comes as Mnangagwa is battling to put back on tra...

By Staff reporter | Published: 11 October 2019

MINING & RETAIL

Eureka Gold Mine targets re-opening by April 2021

Gold production at Eureka Mine in Guruve is expected to resume within the next 18 months with refurbishment and rehabilitation work progressing well.At its peak , Eureka Gold Mine was the country's pr...

By Staff reporter | Published: 02 October 2019
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