BUSINESS NEWS

OK Zimbabwe posts US$17,8 million loss

Troubled retail giant OK Zimbabwe has reported a US$17.8 million loss for the half-year period ended September 30, 2025, as management intensifies efforts to raise capital and stabilise operations.Pre...

By Staff reporter | Published: 17 December 2025

BUSINESS NEWS

Holiday travel chaos at Beitbridge border post

Scenes of frustration and long delays confronted holiday travellers at the Beitbridge border post on Sunday, with thousands queued for hours to enter Zimbabwe from South Africa.Motorists reported wait...

By Staff reporter | Published: 17 December 2025

BUSINESS NEWS

Kazembe slams poor work ethic at Forbes Border Post

Home Affairs and Cultural Heritage Minister Kazembe Kazembe has called for immediate behavioural and operational reforms at Forbes Border Post after witnessing firsthand the inefficiencies contributi...

By Staff reporter | Published: 07 December 2025

POLITICS

State proposes 35 years for Chimombe, Mpofu

The prosecution is pushing for a 35-year prison sentence for businessmen Moses Mpofu and Mike Chimombe, who were recently convicted of fraud in connection with the Presidential Goat Scheme. Their sen...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

World Bank says Zimbabwe's near-term economic outlook positive

Zimbabwe's near-term economic outlook is positive with growth anticipated to remain at 5 percent in 2026, the World Bank said Tuesday.According to the Zimbabwe Economic Update released by the World B...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

Mthuli Ncube imposes 15% tax on Starlink, Google

Zimbabwe will impose a 15 percent digital services withholding tax on payments to offshore tech platforms, including Google, YouTube, and satellite internet provider Starlink, beginning January 1, 202...

By Staff reporter | Published: 02 December 2025

BUSINESS NEWS

Forbes overtakes Beitbridge as Zimbabwe's busiest commercial border post

Forbes Border Post in Mutare has surpassed Beitbridge as Zimbabwe's busiest commercial entry point, with a sharp rise in freight traffic creating congestion and operational challenges for border autho...

By Staff reporter | Published: 02 December 2025

POLITICS

Jostling for Zanu-PF top post exposes fissures

Zanu-PF national political commissar Munyaradzi Machacha has issued a stern warning to party members scrambling to fill a vacant Manicaland central committee seat, saying the jostling is sowing divisi...

By Staff reporter | Published: 17 November 2025

POLITICS

Mnangagwa - Zanu-PF returnees interface postponed

The highly anticipated interface between President Emmerson Mnangagwa and Zanu PF returnees, which had been scheduled for Wednesday, has been postponed to a later date.The meeting, expected to attrac...

By Staff reporter | Published: 10 November 2025

BUSINESS NEWS

Mthuli Ncube proposes trade-off: Cut IMTT, raise VAT

Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, has proposed a balancing act in the country's fiscal framework - suggesting a half-percent reduction in the In...

By Staff reporter | Published: 06 November 2025

POLITICS

Chiwenga condemns Tanzania's post-election violence

Vice President Constantino Chiwenga has described the deadly post-election violence in Tanzania as deeply disturbing and warned that such unrest must be avoided at all costs, urging reconciliation and...

By Staff reporter | Published: 04 November 2025

POLITICS

Chimombe, Mpofu sentencing postponed

The State has launched proceedings to confiscate properties belonging to convicted businessmen Mike Chimombe and Moses Mpofu, deepening their legal troubles following their conviction in a US$7 millio...

By Staff reporter | Published: 03 November 2025

BUSINESS NEWS

Zera, ZETDC iron out proposed private sector power retail deal

The Zimbabwe Energy Regulatory Authority (ZERA) and the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) are working on modalities to operationalise the government's plan to open up ...

By Staff reporter | Published: 28 October 2025

POLITICS

Real Zimbabwe opposition is alive

The ruling Zanu-PF party has claimed that the opposition in Zimbabwe no longer poses a significant threat, attributing any remaining challenges to alleged interference from Western powers, particularl...

By Staff reporter | Published: 26 October 2025

BUSINESS NEWS

Zimbabwe to introduce POS machines at police roadblocks

The Government is set to roll out Point-of-Sale (POS) machines at all police roadblocks across the country, in a move aimed at enhancing transparency, curbing corruption, and improving convenience for...

By Staff reporter | Published: 25 October 2025

BUSINESS NEWS

Kavango uncovers lucrative gold deposit in Bulawayo

Southern Africa-focused miner Kavango Resources has announced a major gold discovery at its Hillside Gold Project in Bulawayo, describing it as a breakthrough that could transform the company's opera...

By Staff reporter | Published: 21 October 2025

POLITICS

Zim opposition says

Zimbabwe's main opposition has strongly condemned Zanu-PF's recent resolution to extend President Emmerson Mnangagwa's tenure by two years to 2030, calling the move unconstitutional and a party-drive...

By Staff reporter | Published: 20 October 2025

POLITICS

Mliswa proposes Zanu-PF transition Presidium

Former Norton MP Temba Mliswa has sparked debate on Twitter with a proposal for a transitional Zanu-PF presidium aimed at managing succession and easing internal party tensions.In his post on X (forme...

By Staff reporter | Published: 18 October 2025

AFRICA NEWS

SA decry 'non-existent' Beitbridge border post security

In a stark assessment, the South African Joint Standing Committee on Defence (JSCOD) and the Portfolio Committee on Defence and Military Veterans (PCDMV) have expressed grave concern over border secu...

By Staff reporter | Published: 17 October 2025

BUSINESS NEWS

POSB introduces no-collateral loans for Starlink kits

The People's Own Savings Bank (POSB) has launched a new financing facility designed to help schools, households, and small businesses across Zimbabwe access Starlink satellite internet services. The ...

By Staff reporter | Published: 14 October 2025

AFRICA NEWS

Mali imposes $10,000 visa bond on US visitors

Mali has announced that US nationals visiting the West African country will be required to post a bond of up to $10,000 (£7,500) for business and tourist visas, in response to a similar requirement t...

By Staff reporter | Published: 13 October 2025

BUSINESS NEWS

Zimbabwe gold loans-to-deposit ratio rises

Zimbabwe Gold (ZiG) has seen its loans-to-deposit ratio (LDR) climb from 30 percent at its launch in April 2024 to 46 percent, the Reserve Bank of Zimbabwe (RBZ) reported, signalling growing adoption...

By Staff reporter | Published: 13 October 2025

BUSINESS NEWS

Zimbabwe rolls out drug test kits to police posts

The Government has rolled out a comprehensive national strategy to curb drug and substance abuse, including the distribution of testing kits to police posts, clinics, and hospitals - while abolishing...

By Staff reporter | Published: 11 October 2025

BUSINESS NEWS

New twist to Zanu-PF Central Committee vacant post

The race to fill the vacant Zanu-PF Chivi Central Committee (CC) seat has taken a contentious turn, with newly surfaced District Coordinating Committee (DCC) minutes showing that Clifford Mumbengegwi...

By Staff reporter | Published: 09 October 2025

BUSINESS NEWS

Masunda not eyeing NetOne CEO position

NetOne Cellular Chief Commercial Officer (CCO) Learnmore Masunda has denied allegations linking him to the arrest of the company's Chief Executive Officer, Raphael Mushanawani, amid growing internal t...

By Staff reporter | Published: 08 October 2025
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