BUSINESS NEWS

Mines and RBZ in crunch talks over forex retention

The Chamber of Mines of Zimbabwe has initiated fresh negotiations with the Reserve Bank of Zimbabwe (RBZ) to review the current foreign currency retention framework, citing growing concerns over worse...

By Staff reporter | Published: 56 mins ago

MINING & RETAIL

Impala triples platinum smelting in Zim with new plant

Impala Platinum Holdings' Zimbabwe unit, Zimplats, is set to triple its concentrate processing capacity with the commissioning of a new smelter as part of its ambitious $1.8 billion expansion plan. Th...

By Staff reporter | Published: 3 hours ago

POLITICS

Edmund Kudzayi challenges Mahere default judgement

Journalist Edmund Kudzayi has formally approached the High Court to rescind a default judgment awarding US$100,000 in damages to prominent lawyer Fadzayi Mahere in a defamation case. The judgment, gra...

By Staff reporter | Published: 3 hours ago

BUSINESS NEWS

Mnangagwa calls for bold global action to save wetlands

President Emmerson Mnangagwa has urged world leaders to adopt bold and collaborative measures to safeguard wetlands, warning that failure to act would mean abandoning a vital part of the planet's natu...

By Staff reporter | Published: 3 hours ago

BUSINESS NEWS

Gold rush wreaks havoc in Mutare City

Mutare's Sakubva River, located near the city's bustling Central Business District, is under siege as waves of artisanal gold miners - commonly known as makorokoza - ravage the waterway and surroundin...

By Staff reporter | Published: 5 hours ago

BUSINESS NEWS

ZIDA records surge in investment licences

The Zimbabwe Investment and Development Agency (ZIDA) has reported a record-breaking increase in new investment licences in 2024, reflecting what officials describe as growing investor confidence in t...

By Staff reporter | Published: 5 hours ago

POLITICS

Mohadi criticised for betraying Matabeleland

The Mthwakazi Republic Party (MRP) has launched a scathing attack on Vice-President Kembo Mohadi, accusing him of historical revisionism and ignoring the deep scars left by the ruling Zanu PF's oppres...

By Staff reporter | Published: 6 hours ago

BUSINESS NEWS

Zimta pokes holes into proposed Zimsec Act amendments

The Zimbabwe Teachers Association (Zimta) has criticised the proposed amendments to the Zimbabwe Schools Examination Council (Zimsec) Act, arguing that they fall short of restoring credibility to the ...

By Staff reporter | Published: 6 hours ago

POLITICS

AG exposes massive financial mismanagement

A damning report by Acting Auditor-General Rhea Kujinga, tabled in Parliament this week, has uncovered widespread financial mismanagement, weak internal controls, and systemic accounting failures acro...

By Staff reporter | Published: 6 hours ago

BUSINESS NEWS

Nurses in desperate bid to flee Zimbabwe

Thousands of Zimbabwean nurses are stranded and financially drained after spending up to US$2 000 each in failed attempts to migrate for better-paying jobs abroad, as government authorities allegedly ...

By Staff reporter | Published: 6 hours ago

INDUSTRIALS & ENERGY

ZESA appoints interim leaders

ZESA Holdings has announced key interim leadership changes in the wake of the sudden passing of its executive chairman, Dr. Sydney Gata.In an internal circular seen by this publication, the state-owne...

By Staff reporter | Published: 19 hours ago

OTHER

Hulk Hogan dies

Iconic wrestling superstar Hulk Hogan has died at the age of 71. Emergency medical services were called to the WWE legend's home in Clearwater early Thursday morning in response to what dispatchers de...

By Staff reporter | Published: 22 hours ago

BUSINESS NEWS

IMF sees signs of recovery in Zimbabwe

Zimbabwe is showing early signs of economic recovery and macroeconomic stabilization, buoyed by recent policy reforms and improved fiscal management, according to the International Monetary Fund (IMF)...

By Staff reporter | Published: 22 hours ago

BUSINESS NEWS

Zimbabwe's formal economy tanks

Zimbabwe's economy has become overwhelmingly informal, with the latest figures from the Zimbabwe National Statistics Agency (ZimStat) revealing that 76% of business operations in the country are now i...

By Staff reporter | Published: 23 hours ago

MINING & RETAIL

Hungry Lion enters Zimbabwe market

South African fast-food giant Hungry Lion has officially entered the Zimbabwean market, launching its first branch at the newly opened Greenfields Retail Centre in Harare. The move marks the brand's i...

By Staff reporter | Published: 24 hours ago

BUSINESS NEWS

Zimbabwe revels in improved power supply

Zimbabweans are breathing a sigh of relief as the nation celebrates a significant improvement in electricity supply, following a surge in domestic power generation. The development marks a critical tu...

By Staff reporter | Published: 24 hours ago

BUSINESS NEWS

Bulawayo ramps up its anti-corruption efforts

The City of Bulawayo has ramped up its anti-corruption efforts by upgrading its internal audit unit into a full-fledged department, aimed at enhancing fraud detection, accountability, and good governa...

By Staff reporter | Published: 24 July 2025

INDUSTRIALS & ENERGY

Tanganda abandons VFEX listing plan

Tanganda Tea Company Limited, Zimbabwe's largest horticultural firm, has abandoned its earlier plan to create and list a new class of ordinary shares on the Victoria Falls Stock Exchange (VFEX), marki...

By Staff reporter | Published: 24 July 2025

EUROPE

Covid-19 jab linked to major eye damage

Scientists have discovered that Pfizer's COVID-19 vaccine may increase the risk of eye damage, leading to vision loss.The new study specifically examined how the vaccine affected patients' corneas, th...

By Staff reporter | Published: 24 July 2025

BUSINESS NEWS

Zimbabwe SMEs crushed by annual compliance fees

Small and medium enterprises (SMEs) in Zimbabwe are buckling under the weight of steep compliance costs - some as high as US$10,000 annually - raising alarm over a regulatory environment that is drivi...

By Staff reporter | Published: 24 July 2025

BUSINESS NEWS

Zanu PF-affiliated informal traders receives relief funds

Informal traders aligned with Zanu PF’s affiliate group Vendors for ED have begun receiving financial support through the Presidential Revolving Fund, disbursed via the Empowerment Bank.The initiati...

By Staff reporter | Published: 24 July 2025

POLITICS

Mwonzora extends olive branch to former MDC members

Opposition Movement for Democratic Change (MDC) leader Douglas Mwonzora has extended an olive branch to former party members but with a stern condition: prove your sincerity by campaigning in Epworth....

By Staff reporter | Published: 24 July 2025

BUSINESS NEWS

45 vehicles to transform GMB, Arda operations

In a significant boost to Zimbabwe's agricultural sector, President Emmerson Mnangagwa has donated 30 grain carrier trucks and 15 Isuzu 4×4 single cab vehicles to the Grain Marketing Board (GMB) and ...

By Staff reporter | Published: 24 July 2025

BUSINESS NEWS

ZimStat confirms dominance of Zimbabwe's huge informal sector

The Zimbabwean economy is overwhelmingly dominated by informal micro-businesses, according to a preliminary report of the 2023 Economic Census released yesterday by the Zimbabwe National Statistics Ag...

By Staff reporter | Published: 24 July 2025

BUSINESS NEWS

Buy Zimbabwe warns against unauthorised use of its insignia

Buy Zimbabwe, the prominent organisation championing the production, preference, and consumption of locally made goods, has issued a stern warning against the unauthorized use of its legally protected...

By Staff reporter | Published: 24 July 2025
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