BUSINESS NEWS

8 millions of Zimbabweans still need of food aid

A staggering eight million Zimbabweans remain in urgent need of food assistance following severe crop failures caused by the El Niño weather phenomenon and an extended drought that disrupted food pro...

By Staff reporter | Published: 06 July 2025

BUSINESS NEWS

'Zimbabwe losing billions in tax revenue to informal sector'

Zimbabwe is losing between US$7.5 billion and US$8 billion in potential tax revenue every year due to the dominance of its informal sector, according to new estimates by the African Development Bank (...

By Staff reporter | Published: 04 July 2025

BUSINESS NEWS

Lions are being killed by poachers in Zimbabwe

A disturbing poaching tragedy has rocked the quiet tourist town of Victoria Falls, Zimbabwe, after an adult male lion was found caught in a deadly snare. Although injured, the lion was darted, treated...

By Staff reporter | Published: 26 June 2025

BUSINESS NEWS

Tax scam costs Govt billions

Some players in the garment-making sector are allegedly skimming the Government of billions of dollars in potential tax revenue and suffocating downstream textile industries by abusing a special cloth...

By Staff reporter | Published: 10 July 2019

AFRICA BUSINESS

Gold worth billions smuggled out of Africa

Billions of dollars' worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East - a gateway to markets in Europe, the United States and beyond - a Reu...

By Reuters | Published: 28 April 2019

BUSINESS NEWS

Internet shutdown costs govt millions of dollars

THE government lost millions of dollars through delayed revenue inflows due to the slow processing of imports and exports after the switching off internet services countrywide.Government threw the cou...

By Staff reporter | Published: 20 January 2019

POLITICS

Zanu-PF conference to gobble millions

THE Zanu-PF national people's conference scheduled for December 10 to 15 at Umzingwane High School in Esigodini, Matabeleland South is projected to gobble over$1 million, with provinces expected to co...

By Staff reporter | Published: 05 December 2018

BUSINESS NEWS

Zimbabwe has billions it is not exploiting, says China

China says Zimbabwe is not adequately exploiting opportunities it is presenting because officials in Harare are not adequately familiarising themselves with Beijing's development documents.China's ac...

By Staff reporter | Published: 04 December 2018

INDUSTRIALS & ENERGY

Millions lost through scrap metal exports

Zimbabwe could save at least $11 million per month and hundreds of jobs if it stops exporting scrap metal and beneficiate it locally, the Zimbabwe Institute of Foundrymen (ZIF) has said. The foundry i...

By Staff reporter | Published: 27 July 2018

TRANSPORT & TOURISM

SAA seeks diplomacy to recover millions from Zim

SOUTH African Airways (SAA) says it will be switching to diplomacy to recover millions of dollars that have been not been repatriated from Zimbabwe.Zimbabwe and Angola are said to owe SAA a combined $...

By Staff reporter | Published: 07 June 2018

BUSINESS NEWS

Zimbabwe losing millions in border scandal

GOVERNMENT is losing millions of dollars in potential revenue to syndicates abusing the immigrants' rebate facility (Returning Resident) to clandestinely import vehicles duty-free across most ports of...

By Staff reporter | Published: 08 May 2018

BUSINESS NEWS

Road tender cancellation could cost govt millions

President Emmerson Mnangagwa's administration could be in a spot of bother over cancellation of the tender for $1 billion Beitbridge-Chirundu highway dualisation project, which legal experts indicatin...

By Staff reporter | Published: 26 April 2018

POLITICS

Zanu-PF splashes millions on regalia, vehicles

Zanu-PF has refused to disclose the source of millions of dollars oiling its campaign machinery ahead of crucial elections later this year after former Higher and Tertiary Education minister Jonathan ...

By Staff reporter | Published: 16 April 2018

BUSINESS NEWS

'Chihuri seized diamonds worth millions of dollars'

Former police commissioner-general Augustine Chihuri allegedly seized a vault containing diamonds worth millions of dollars belonging to a company that was in partnership with the cops before he forci...

By Staff reporter | Published: 10 April 2018

POLITICS

Mnangagwa's foreign trips gobble millions

With Zimbabe's leader Emmerson Mnangagwa in China for a seven day State visit, his 13th foreign trip this year, his frequent travel abroad is stirring an outbreak of mass ridicule with some failing to...

By Staff reporter | Published: 03 April 2018

FINANCIAL SERVICES

Zim policyholders prejudiced billions of dollars

Insurance and pension industry players did not keep consistent and reliable asset values during the pre-dollarisation period, resulting in ordinary Zimbabweans failing to assess risks and ultimately i...

By Staff reporter | Published: 19 March 2018

BUSINESS NEWS

$150 bribes costs nation millions

BEFORE the army-led Operation Restore Legacy, the occurrence of road accidents in Zimbabwe was attributed to failure by the traffic police to stem road carnage, as they were only keen to collect money...

By Staff reporter | Published: 12 March 2018

BUSINESS NEWS

Budget slashes millions from commissions

Finance minister Patrick Chinamasa's 2018 budget dramatically reshapes Constitutional commissions, requiring millions in cuts to mandatory programs to set them on a path for a major overhaul.The $5,1 ...

By Staff reporter | Published: 12 December 2017

MINING & RETAIL

Millions siphoned out in shady gold deals

THE Government has launched investigations into allegations that the country might have lost millions of dollars in potential revenue through a well orchestrated syndicate involving a gold processing ...

By Staff reporter | Published: 13 August 2017

BUSINESS NEWS

Zimra loses millions to car smugglers

A syndicate of car importers is prejudicing the country of millions in potential tax revenues through the smuggling of vehicles using various intricate methods, which include registering as returning ...

By Staff reporter | Published: 04 August 2017

BUSINESS NEWS

Zimra loses millions to car smugglers

A syndicate of car importers is prejudicing the country of millions in potential tax revenues through the smuggling of vehicles using various intricate methods, which include registering as returning ...

By Staff reporter | Published: 04 August 2017

BUSINESS NEWS

Western billions flow into Mugabe's Zimbabwe

ZIMBABWE has received over $3 billion in aid from Western governments since 2012, official data shows, despite a two-decade-long diplomatic fall out and sanctions targeted at President Robert Mugabe a...

By Staff reporter | Published: 27 July 2017

BUSINESS NEWS

Zim losing millions through the borders daily

The country is facing serious cash leakages which have resulted in millions of dollars passing through the borders into neighbouring countries on a daily basis, an official said.Zimbabwe Revenue Autho...

By Staff reporter | Published: 08 April 2014

POLITICS

Bona rakes in millions

President Mugabe's daughter Bona and her husband Simba Chikore, who tied the knot at The First Family's plush and expensively-built Borrowdale Brooke home on Saturday, received a fortune that could ru...

By Staff reporter | Published: 03 March 2014

MINING & RETAIL

Zim loses billions to SA gold buyers

Zimbabwe is losing billions of dollars worth of gold to South African buyers who are offering local small scale miners high prices for the yellow metal, Parliament heard on Monday. Officials fro...

By Staff reporter | Published: 26 February 2014
Pages:
1
2

Latest News

Latest Published Reports

Latest jobs