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

INDUSTRIALS & ENERGY

Simbisa targets accelerated network expansion

Zimbabwe's leading quick-service restaurant group, Simbisa Brands, is ramping up its expansion and customer experience initiatives in the final stretch of its financial year ending June 30, 2025, with...

By Staff reporter | Published: 21 May 2025

LANDS & AGRICULTURE

Tobacco season generates US$678 million

Zimbabwe's tobacco industry has generated US$678,3 million since the beginning of the 2025 marketing season on March 5, following the sale of 220,6 million kilogrammes of flue-cured tobacco through bo...

By Staff reporter | Published: 21 May 2025

BUSINESS NEWS

Zimbabwe, EU celebrate growing trade

Zimbabwe and the European Union (EU) have marked a significant milestone in their growing economic partnership, with trade between the two entities increasing by 30% and foreign direct investment (FDI...

By Staff reporter | Published: 13 May 2025

CONSTRUCTION & PROPERTY

FMP rental collection rate declines

First Mutual Properties (FMP) has reported a decline in rental collection rates for the year 2024, with tenant payments slipping by 10 percentage points to 75%, down from 85% in 2023, as economic pres...

By Staff reporter | Published: 09 May 2025

CONSTRUCTION & PROPERTY

John Pocock and Company celebrate 70 years of service in Bulawayo

From humble beginnings in a single-room office to becoming one of Bulawayo's most trusted names in real estate, John Pocock and Company is celebrating a remarkable 70-year milestone in 2025 - a testam...

By Staff reporter | Published: 09 May 2025

CONSTRUCTION & PROPERTY

Corporates leaving CBD in favour of suburbs

First Mutual Property (FMP) has reported a notable migration of corporate tenants from Harare's Central Business District (CBD) to suburban office locations, citing increased convenience and improved ...

By Staff reporter | Published: 06 May 2025

BUSINESS NEWS

RBZ's market-determined exchange rate spurs ZiG stability

The Reserve Bank of Zimbabwe (RBZ)'s adoption of a market-determined exchange rate system has ushered in a new era of stability and confidence in the Zimbabwe Gold (ZiG) currency, with the recent remo...

By Staff reporter | Published: 04 May 2025

BUSINESS NEWS

ZITF 2025 generates US$10 million worth of deals

The 65th edition of the Zimbabwe International Trade Fair (ZITF) concluded on a high note yesterday, generating business deals worth up to US$10 million and securing significant trade agreements, rein...

By Staff reporter | Published: 28 April 2025

BUSINESS NEWS

Zimbabwe lifts exchange rate controls

Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability a...

By Staff reporter | Published: 17 April 2025

BUSINESS NEWS

Concerns that informal market may mop up US$ as parallel rates creep up

Industry is yet to gather data on how much sales are being generated in foreign currency although there is an increase in the use of domestic nostro accounts to settle transactions as RTGS liquidity b...

By Staff reporter | Published: 01 September 2020

ZSE TODAY

ZSE falls as RBZ readies corporate OMO Bills to mop up excess liquidity

The stock market fell on Wednesday but at a much slower pace as investors have adopted a somewhat wait and see approach until the dust settles on the ongoing currency reforms that Treasury and the Res...

By Staff reporter | Published: 18 March 2020

ECONOMC INDICATORS

Zimstat says Zimbabwe unemployment rate at 16%

About 1.2 million people in Zimbabwe have given up on securing employment, the Zimbabwe National Statistics Agency (Zimstat) has said as it reported that the national unemployment rate stood at 16 per...

By Staff reporter | Published: 17 March 2020
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