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

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

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

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

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

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

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

FINANCIAL SERVICES

'Bureaus not allowed to transact with corporates'

Bureaux de Change are not allowed to transact with corporates or enter into twining arrangements with customers to prefund foreign currency purchases, according to a directive from the Reserve Bank of...

By Staff reporter | Published: 05 October 2019

BUSINESS NEWS

Money supply growth accelerates in June

The Reserve Bank of Zimbabwe (RBZ) released its monthly economic review for June detailing monetary statistics for the 2019 half year. The report comes in the build up to Governor Dr. John Mangudya's ...

By Staff reporter | Published: 23 September 2019

BUSINESS NEWS

Mthuli Ncube could hike rates over 50% to deal with speculators

Zimbabwe won't hesitate to raise interest rates above their current level of 50 percent to deal with speculative borrowers, Finance Minister Mthuli Ncube said on Monday.As inflation soared, the govern...

By Reuters | Published: 10 July 2019

FINANCIAL SERVICES

Zimbabwe banks paying more than the black market rates

THE interbank market exchange rates have registered increases with most banks are now paying more than the parallel market rate.NewZimbabwe.com says it's market assessment shows that the once thriving...

By newzimbabwe | Published: 02 July 2019

ZIMBABWE

Black market rates retreat after policy change

The Zimbabwe Stock Exchange shed 0.6% as big caps stalled under thin trading following yesterday’s significant monetary policy developments. The imposition of the 90-day vesting period for dual...

By Staff reporter | Published: 26 June 2019

BUSINESS NEWS

'Private sector frustrates interbank system'

INDUSTRY and Commerce Minister Mangaliso Ndlovu has blamed the private sector for frustrating the success of the interbank foreign currency market by shifting goal posts and blaming Government for the...

By Staff reporter | Published: 30 April 2019

POLITICS

Bulawayo residents vow to resist BCC rates hike

BULAWAYO residents have reacted angrily to threats by the Bulawayo City Council (BCC) to forge ahead with rates and tariff increases due to runaway inflation despite resistance from ratepayers.The BCC...

By Staff reporter | Published: 29 April 2019

BUSINESS NEWS

Job losses spike as economy deteriorates

POOR government policies have led to the escalation of the country's economic crisis with an estimated 13 000 people in the western region losing their jobs in the past 12 months, a labour official ha...

By Staff reporter | Published: 06 January 2019

BUSINESS NEWS

Farmers bemoan high bank interest rates

FARMERS are saying the interest rates being charged by banks are stifling the growth of the agricultural sector.Zimbabwe Commercial Farmers' Union (ZCFU) president Mr Wonder Chabikwa said the interest...

By Staff reporter | Published: 23 December 2018

POLITICS

Matemadanda berates war vets who demonstrated against him

WAR Veterans deputy minister Victor Matemadanda has berated some former fighters who challenged his liberation war credentials, saying he cannot be vetted in the streets.Matemadanda was reacting to cl...

By Staff reporter | Published: 21 December 2018

POLITICS

Zanu-PF celebrates terror leader return

ZANU-PF last week threw a lavish party to welcome back its official after he was released from jail, having spent 14 years behind bars for killing an MDC activist in the run-up to the 2002 general ele...

By Staff reporter | Published: 10 December 2018

BUSINESS NEWS

'Black market rates to fall in medium-term'

Local research firm IH Securities sees parallel market rates falling in the medium term, as government implements fiscal discipline and moderating consumer demand.Since the presentation of the 2019 Na...

By Staff reporter | Published: 28 November 2018

POLITICS

Maziwisa exonerates Mnangagwa

FORMER Zanu-PF legislator Psychology Maziwisa, who is facing charges of swindling the Zimbabwe Power Company (ZPC) of $12 650 in a botched public relations deal told the court that he had never sought...

By Staff reporter | Published: 27 November 2018

POLITICS

ZPC finance director exonerates Undenge

ZIMBABWE Power Company (ZPC) finance director Hubert Chiwara yesterday told the court that the $5 million payment to controversial businessman Wicknell Chivayo's Intratrek was made without former Ener...

By Staff reporter | Published: 20 November 2018

POLITICS

JSC mentors magistrates on handling corruption matters

THE Judicial Service Commission (JSC) is training magistrates on dealing with cases to do with corruption which is now viewed as one of the biggest threats to the resuscitation of the fledgging econom...

By Staff reporter | Published: 16 November 2018

BUSINESS NEWS

Illicit trading exaggerates trade deficit

ZIMBABWE's persistent trade deficit has been magnified by unstated foreign trade activity, the country's national statistical agency has said.In recent years, the southern African country has run syst...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

Black market rates hit 100% ceiling, why and how?

PARALLEL market rates have finally hit 100% when using EcoCash or bank transfers to buy the greenback, the first time they have reached such a rate since dollarisation and the main question now is how...

By Staff reporter | Published: 18 July 2018
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