BUSINESS NEWS

'Zimbabwe economy to grow 6%'

Zimbabwe's economy is projected to expand by 6.6% this year, driven by strong performance in agriculture, services, and mining, according to the latest Zimbabwe Economic Update (ZEU). The report, titl...

BUSINESS NEWS

Banks demand clarity on AI rules as compliance concerns grow

Zimbabwean compliance officers have urged the establishment of robust regulatory frameworks and internal governance to guide the responsible adoption of artificial intelligence (AI) in the banking sec...

BUSINESS NEWS

Mnangagwa's 6% growth boast rings hollow

While President Emmerson Mnangagwa's government has been celebrating a projected 6% economic growth rate for 2025, analysts say the figure is largely meaningless in real terms and masks the administra...

BUSINESS NEWS

Mthuli Ncube outlined growth strategy at Zanu-PF Conference

Finance and Economic Development Minister Mthuli Ncube delivered a detailed economic address at the Zanu-PF annual conference in Mutare on Friday, highlighting government's roadmap for sustained grow...

BUSINESS NEWS

Pensions sector demonstrates resilient growth

Zimbabwe's pensions sector recorded steady growth in the first half of 2025, with total assets rising to US$2.63 billion (ZWG70.76 billion) as of June 30, reflecting a 6% increase from US$2.48 billio...

BUSINESS NEWS

Mining projects driving Zimbabwe growth

ONGOING and new mining projects are playing a key role in steering Zimbabwe towards an industrialised, modern, and prosperous economy by 2030, Mines and Mining Development Minister Winston Chitando h...

BUSINESS NEWS

IMF says Zimbabwe economy to grow at 6%

Zimbabwe's economic growth is expected to rebound to a 6 percent rate this year, the International Monetary Fund said, citing improving agricultural production, record-high gold prices and robust remi...

TRANSPORT & TOURISM

Unifreight reports 231% revenue growth

Unifreight Africa has reported a strong financial performance for the half-year ended 30 June 2025, driven by expanding cross-border operations and increased trade activity along the Beira corridor.G...

TELECOMS & TECHNOLOGY

Zimbabwe mobile operators record strong growth

Zimbabwe's mobile telecommunications sector recorded significant growth in the second quarter of 2025, with revenues climbing, costs easing, and capital investment reaching record levels, according t...

INDUSTRIALS & ENERGY

Tanganda Tea posts 65% revenue growth

Tanganda Tea Company Limited has recorded a 65% increase in revenue for the third quarter ended June 30, 2025, despite facing lower export volumes, adverse weather, and exchange rate volatility.Revenu...

POLITICS

Calls grow to reduce Zimbabwe passport costs

The government's decision to slash selected regulatory fees, particularly in the agriculture sector, has been welcomed as a move that could improve the ease of doing business in Zimbabwe and boost the...

POLITICS

Calls grow to develop King Mzilikazi shrine

Calls to develop the King Mzilikazi shrine in Mhlahlandlela intensified at the weekend after thousands attended this year's commemorations, with traditional leaders praising the event's unifying spiri...

BUSINESS NEWS

Revolt grows against Zimbabwe's punitive tax regime

Zimbabwe's fragile fiscal environment is fast morphing into a full-blown corporate crisis, with major companies publicly condemning government's "highly complex and punitive" tax system and increasin...

OPINION

Are Zimbabwe economic growth rates real?

Every year, the Zimbabwean government and multilateral financial institutions project that the economy will grow by huge margins, yet the current economic situation does not meaningfully change, and ...

INDUSTRIALS & ENERGY

Growing informal sector riles CFI Holdings

LISTED agro-industrial group, CFI Holdings, has raised concern over the rapid expansion of Zimbabwe's informal sector, warning that unregulated players are undermining the viability of formal busines...

ZIMBABWE

AfDB projects 6% economic growth for Zimbabwe

The African Development Bank (AfDB) has projected that Zimbabwe is on track to achieve a six percent economic growth rate this year, supported by stability and recovery across key productive sectors.A...

INDUSTRIALS & ENERGY

Beverage makers say 35% RBZ rate hampers growth

Zimbabwe's beverage industry has raised concerns over the Reserve Bank of Zimbabwe's (RBZ) decision to maintain the bank policy rate at 35% per annum, saying the high interest rate is constraining gr...

MINING & RETAIL

Lab-grown diamonds causing havoc

South Africa's cabinet has approved participation in an international effort to boost the marketing of real diamonds, responding to the increasing appeal of lab-grown gems and funded by a 1 percent le...

TELECOMS & TECHNOLOGY

NetOne posts record growth

State-owned mobile network operator NetOne has delivered a historic performance, posting record revenue and profit growth while aggressively expanding its high-speed 4G and 5G networks in a bold push ...

ECONOMC INDICATORS

Zimbabwe slashes mining growth forecast

Zimbabwe has revised its mining sector growth forecast downward for 2025, citing a sharp drop in global prices for key minerals including platinum group metals (PGMs) and lithium, Finance Minister Mth...

AMERICAS

Gates launches plan to reduce population growth in Africa

The Gates Foundation is set to introduce a contraceptive in Kenya and other African countries, a hormonal intrauterine device (IUD) capable of preventing pregnancy for up to eight years.This marks th...

BUSINESS NEWS

Zimbabwe revises upwards agric sector growth to 21.1%

The government has sharply revised upwards its projected growth for the agricultural sector to 21.1% in 2025, up from an earlier forecast of 12.8%, largely due to the positive impact of the La Nina we...

BUSINESS NEWS

Zimbabwe retailers bank on 6% economic growth

The Confederation of Zimbabwe Retailers (CZR) says it expects consumer spending to rise this year, buoyed by the government's projected 6% economic growth, despite continued pressure on household inco...

BUSINESS NEWS

Zimbabwe's manufacturing growth target missed

The Zimbabwe National Industrial Development Policy (ZNIDP) 1, aimed at growing the manufacturing sector by at least 2% annually, has failed to meet its target due to ongoing macroeconomic instability...

Zimbabwe on track for 6% growth

Zimbabwe is on track to achieve a forecasted 6% economic growth in 2025 helped by good agricultural output and strong commodity prices, Finance Minister Mthuli Ncube said on Thursday.The Southern Afri...