AFRICA BUSINESS

Great news for interest rates in South Africa

Following a surprise drop in inflation in August, some economists believe South Africa could see two more cuts to interest rates this year - with the first potentially hitting tomorrow.According to In...

By Staff reporter | Published: 9 hours ago

EDUCATION

Zimbabwe accelerates school construction drive

Zimbabwe has constructed more than 600 new schools since 2022, with the Government confident of adding at least 200 more before the end of this year as part of a massive infrastructure programme to e...

By Staff reporter | Published: 13 September 2025

BUSINESS NEWS

RBZ defends exchange rate system

Reserve Bank of Zimbabwe (RBZ) Deputy Governor Dr Innocent Matshe has dismissed claims that the central bank is manipulating the foreign exchange market, insisting that the willing-buyer willing-sell...

By Staff reporter | Published: 08 September 2025

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 ...

By Delani Mangena | Published: 21 August 2025

BUSINESS NEWS

Zimbabwe to launch national AI strategy next month

The inaugural Artificial Intelligence (AI) Summit for Africa opened in Victoria Falls on Monday, with the government announcing that Zimbabwe's National AI Strategy will be officially launched in Oct...

By Staff reporter | Published: 19 August 2025

EDUCATION

Govt moves to penalise rural teachers over 0% pass rates

A government plan to penalise teachers in Bulilima district, Matabeleland South, over zero pass rates recorded in the past five years has sparked outrage among legislators and teachers' unions, who a...

By Staff reporter | Published: 16 August 2025

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...

By Staff reporter | Published: 14 August 2025

SOCCER

Zifa unveils merit-based selection strategy

The Zimbabwe Football Association (Zifa) has announced a new merit-based selection strategy to assemble a competitive squad for the upcoming Cosafa Under-17 Boys Championship, which Zimbabwe will hos...

By Staff reporter | Published: 14 August 2025

BUSINESS NEWS

RBZ reveals strategy towards shift to mono-currency

Zimbabwe's central bank is stepping up efforts to build up foreign currency reserves in preparation for a planned transition to a mono-currency regime by 2030, Reserve Bank of Zimbabwe (RBZ) Governor...

By Staff reporter | Published: 29 July 2025

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: 29 July 2025

POLITICS

Magistrate in soup for removing activist from remand

Magistrate Evia Matura is under legal scrutiny after she unlawfully released Citizens Coalition for Change (CCC) activist and legislator Obert Manduna from custody, the National Prosecution Authority ...

By Staff reporter | Published: 23 July 2025

BUSINESS NEWS

Zimbabwe magistrate sues hubby's mistress for adultery

Magistrate Sandra Mupindu has filed a lawsuit in the High Court against her husband's alleged mistress, Catherine Tatenda Chitopota, accusing her of "snatching" her husband and seeking damages for los...

By Staff reporter | Published: 22 July 2025

BUSINESS NEWS

Zimbabwe adopts multi-pronged strategy to manage debt

Zimbabwe is pursuing a multi-faceted approach to address its US$21 billion debt obligations, with the government considering leveraging the country's abundant natural resources as part of the solution...

By Staff reporter | Published: 14 July 2025

BUSINESS NEWS

ZNCC urges RBZ to cut policy rate to 20%

The Zimbabwe National Chamber of Commerce (ZNCC) has urged the Reserve Bank of Zimbabwe (RBZ) to lower its bank policy rate from the current 35% to 20% in an effort to ease growing credit constrain...

By Staff reporter | Published: 08 July 2025

BUSINESS NEWS

SADC donates US$98,000 refrigerated truck to Zimbabwe

In a major boost to Zimbabwe's fisheries sector, the Southern African Development Community (SADC) on Thursday handed over a three-tonne refrigerated truck valued at US$98,000 to the Zimbabwe Fish Pro...

By Staff reporter | Published: 03 July 2025

MINING & RETAIL

US$1m for strategic minerals licence in Zimbabwe

Zimbabwe has gazetted a sweeping new Mines and Minerals Bill that seeks to clamp down on speculative mining claim hoarding while ensuring only credible investors participate in the extraction of strat...

By Staff reporter | Published: 29 June 2025

BUSINESS NEWS

Digitisation of Zimbabwe Magistrates' Courts begins

The Integrated Electronic Case Management System (IECMS), a digital platform aimed at modernising Zimbabwe's justice delivery, will be rolled out in Magistrates' Courts across Mashonaland Central and ...

By Staff reporter | Published: 29 June 2025

BUSINESS NEWS

Zimbabwe's falling birth rate a burden

Two seemingly ordinary moments tell a deeper story of Zimbabwe's shifting reproductive landscape. In Harare, a woman welcomes her second child five years after her first - exactly as planned. In rural...

By Staff reporter | Published: 29 June 2025

BUSINESS NEWS

Zimbabwe's ZiG annual inflation rate surges to 92,5%

Zimbabwe's local currency, Zimbabwe Gold (ZiG or ZWG), recorded a sharp annual inflation surge of 92.5% in June 2025, up by 0.4 percentage points from May, according to the latest data released by the...

By Staff reporter | Published: 28 June 2025

BUSINESS NEWS

Zimbabwe business leaders call for clear mono-currency strategy

Zimbabwe's business leaders have called on the government to adopt a clear, market-driven mono-currency transition strategy that will not destabilise businesses or derail investment projects. The app...

By Staff reporter | Published: 26 June 2025

BUSINESS NEWS

Chamisa berates Chivayo's cancer machines tender

Former opposition leader Nelson Chamisa has sharply criticised the government's decision to award a lucrative tender for cancer treatment machines to Wicknell Chivayo, a known ZANU PF member and busin...

By Staff reporter | Published: 18 June 2025

MINING & RETAIL

Zimbabwe to ban export of lithium concentrates

Zimbabwe will prohibit the export of lithium concentrates starting January 2027, as part of government efforts to compel foreign mining companies to establish processing and refining facilities within...

By Staff reporter | Published: 11 June 2025

POLITICS

Harare ratepayers face US$3 million monthly bill in secretive deal

Harare's ratepayers are set to pay nearly US$3 million every month for refuse collection and street cleaning under a murky new contract involving the government, the City of Harare (CoH), and Geo Pomo...

By Staff reporter | Published: 01 June 2025

FINANCIAL SERVICES

NMBZ generates ZWG396 million in 3 months

NMBZ Holdings has posted a record performance for the first quarter of 2025, generating an impressive operating income of ZWG396 million, as the financial services group sets its sights on regional gr...

By Staff reporter | Published: 22 May 2025

POLITICS

'Chivayo should be celebrated'

Holy Spirit Ministries pastor Solomon Ndlovu has sparked fierce debate after publicly defending controversial businessman and tenderpreneur Wicknell Chivayo, insisting the flamboyant socialite has com...

By Staff reporter | Published: 21 May 2025
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