BUSINESS NEWS

Investor appetite for Zimbabwe shares increases

The recent increase in foreign investor appetite for Zimbabwe's stocks signals a potential shift in the country's economic landscape, with foreign participation rising from 15.39% to 26.53% in the sec...

By Staff reporter | Published: 4 hours ago

BUSINESS NEWS

CZI, residents petition BCC over tariffs

Bulawayo residents and the Confederation of Zimbabwe Industries (CZI) have taken the fight to the Bulawayo City Council (BCC), petitioning the local authority over its failure to implement the 2025 ta...

By Staff reporter | Published: 21 July 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

Beitbridge Councillors suspend Mayor over incompetence

Tensions reached a boiling point at Beitbridge Town Council on Monday evening as Councillors passed a vote of no confidence in Mayor Peter Pirato Mafuta, accusing him of incompetence, dereliction of d...

By Staff reporter | Published: 24 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

BUSINESS NEWS

Capital Markets quiz competition set to kick off

Preparations are at an advanced stage for this year's Capital Markets High School Quiz Competition, which will see 40 schools from across Zimbabwe compete when the event kicks off tomorrow. This marks...

By Staff reporter | Published: 11 June 2025

EDUCATION

Zimbabwe mum on teachers' distress petitions

The government has yet to respond to a petition submitted by teachers demanding a salary increase and improved working conditions following the start of the second school term. Teacher unions presente...

By Staff reporter | Published: 01 June 2025

AFRICA NEWS

Johann Rupert takes his puppet to Washington

In a significant development on the diplomatic front, Johann Rupert, South Africa's wealthiest man, is reportedly in Washington, DC, potentially accompanying President Cyril Ramaphosa for a pivotal me...

By Staff reporter | Published: 20 May 2025

BUSINESS NEWS

Gweru residents petition council over debt blitz

Gweru residents have petitioned the local authority to postpone a planned revenue collection blitz  -  which includes water disconnections and possible property attachments  -  fro...

By Staff reporter | Published: 19 May 2025

BUSINESS NEWS

Zimbabwe's repetitive licensing fees to stop in 6 months

Industry and Commerce Minister, Mangaliso Ndlovu, has pledged that the government's efforts to reduce the burden of repetitive business licenses will come to fruition within the next six months, a mov...

By Staff reporter | Published: 13 May 2025

FINANCIAL SERVICES

EcoCash maintains market leadership amid rising competition

The country's fintech sector has seen a significant increase in new players such as Omari, Innbucks, Mojo Mula and Mukuru in the mobile money business, which had previously been made up of EcoCash, Ne...

By Staff reporter | Published: 14 April 2025

BUSINESS NEWS

Peter Moyo wants Trevor Manuel and other Old Mutual directors jailed

Axed Old Mutual CEO Peter Moyo says there is no punishment befitting Old Mutual directors other than six months' jail time, without the option of a fine, on the contempt of court charges he lodged aga...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

TBs appetite dries up

Zimbabwe failed to raise the targeted amount through Treasury Bills in the last two auctions, underlining the huge disconnect between inflation "realities" being experienced by investors and expectati...

By Staff reporter | Published: 18 October 2019

INDUSTRIALS & ENERGY

Petrotrade declares $1.5 million dividend

Government-owned oil company, Petrotrade declared a $1.56 million dividend at the end of its 2018 financial year after managing to improve its profitability during the period, the company said on Thur...

By New Ziana | Published: 04 October 2019

BUSINESS NEWS

Strong investment appetite for Zimbabwe

Zimbabwe has elicited strong investor interest over the first quarter of the year, with investments worth over US$286 million having been approved by the Zimbabwe Investment Authority (ZIA).Total inve...

By Staff reporter | Published: 05 May 2019

OPINION

How Chinhara built his Glow Petroleum empire

Gift Phiri sits down for a wide-ranging interview with Glow Petroleum Trading (Private) Limited managing director Aaron Chinhara about his journey in the fuel retail, mining and commodity broking busi...

By Staff reporter | Published: 28 April 2019

POLITICS

Kasukuwere petitions the High Court

FORMER Local Government minister Saviour Kasukuwere has petitioned the High Court, accusing regional magistrate Hoseah Mujaya of being biased in the manner he has been handling his court case.Kasukuwe...

By Staff reporter | Published: 10 December 2018

BUSINESS NEWS

Petrol, diesel prices go up

THE price of fuel has gone up, but the supply of the resource remained subdued yesterday as most service stations were without both petrol and diesel.Chaos has become the order of the day at fuel stat...

By Staff reporter | Published: 03 December 2018

POLITICS

Abducted soldier's wife petitions High Court

The wife of a retired army colonel who was allegedly kidnapped at his home on Sunday, has approached the High Court seeking an order compelling the government to investigate the incident and to establ...

By Staff reporter | Published: 28 November 2018

INDUSTRIALS & ENERGY

Petrotrade in $3,75m tax profit

State petroleum company, Petrotrade has - for the third year running declared a dividend to Government after registering an after tax profit of $3,75 million for the year ended December 2017. Speaking...

By Staff reporter | Published: 12 September 2018

OPINION

Mnangagwa must appoint competent team to steer economic recovery

THE enormity of the task of steering the country's economic revival requires that President Emmerson Mnangagwa appoints the best team at his disposal into Cabinet. The pool of possible Ministers avail...

By Staff reporter | Published: 07 September 2018

POLITICS

Bulawayo councillors petitioned to declare their assets

THE Bulawayo Progressive Residents' Association (BPRA) has petitioned incoming councillors to declare their assets to prevent unbridled corruption as witnessed in the previous council.Former Local Gov...

By Staff reporter | Published: 06 September 2018

POLITICS

Madiro scoffs at NPF’s poll petition

Zanu-PF Mutare North House of Assembly representative Michael Madiro has described losing National Patriotic Front (NPF) candidate, Mr Agrippa Bopela Masiyakurima's High Court petition challenging his...

By Staff reporter | Published: 06 September 2018

INDUSTRIALS & ENERGY

Pressure on petrol prices

Petrol prices are marginally increasing at some pump stations after holding steady for the better part of the month.Observers fear the increases, blamed on bottlenecks in the supply chain, could have ...

By Staff reporter | Published: 24 July 2018

BUSINESS NEWS

CompCom probes NOIC's 50% acquisition of Petrozim

THE Competition and Tariffs Commission (CTC) has launched a probe into the acquisition of PetroZim's 50% stake by the National Oil infrastructure Company of Zimbabwe (Noic), NewsDay reported.In an int...

By Staff reporter | Published: 16 July 2018
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