BUSINESS NEWS

Zimbabwe parly divided over state of health sector

Parliament on Thursday was engulfed in a heated debate over Zimbabwe's deteriorating health sector, with opposition lawmakers pressing for a declaration of a national emergency, while ruling party MP...

By Staff reporter | Published: 08 September 2025

BUSINESS NEWS

Zimbabwe probes foreign involvement in reserved sectors

Government is conducting a study to assess the extent of foreign participation in economic sectors legally reserved for locals, Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi told ...

By Staff reporter | Published: 08 September 2025

BUSINESS NEWS

Zimbabwe's diamond sector gets boost

Zimbabwe's diamond cutting and polishing sub-sector is set for a major boost following a landmark partnership with Indian diamond processing giant, Harry Krishna Exports.The cooperation agreement, ann...

By Staff reporter | Published: 25 August 2025

BUSINESS NEWS

MPs push for formalisation of informal sector

MEMBERS of Parliament (MPs) have urged government to formalise Zimbabwe's vast informal sector, broaden the tax base and urgently review what they described as an unfair tax burden on the poor.The cal...

By Staff reporter | Published: 22 August 2025

INDUSTRIALS & ENERGY

Growing informal sector riles CFI Holdings

LISTED agro-industrial group, CFI Holdings, has raised concern over the rapid expansion of Zimbabwe's informal sector, warning that unregulated players are undermining the viability of formal busines...

By Staff reporter | Published: 20 August 2025

MINING & RETAIL

ZiG stability push chokes PGM sector

The Government's continued delay in reimbursing platinum group metal (PGM) miners the local currency portion of their export proceeds is severely impacting one of Zimbabwe's most vital export sectors,...

By Staff reporter | Published: 11 August 2025

FINANCIAL SERVICES

Zimbabwe banking sector profits drop

Zimbabwe's banking sector has reported a steep drop in earnings for the first half of 2025, with aggregate profits plunging to ZiG5,0 billion (US$184,07 million) from ZiG10,4 billion (US$760,37 millio...

By Staff reporter | Published: 08 August 2025

BUSINESS NEWS

Zimbabwe revises upwards agric sector growth to 21.1%

The government has sharply revised upwards its projected growth for the agricultural sector to 21.1% in 2025, up from an earlier forecast of 12.8%, largely due to the positive impact of the La Nina we...

By Staff reporter | Published: 07 August 2025

BUSINESS NEWS

Cabinet approves agric sector taxes, permits review

Cabinet has approved a comprehensive review of licences, permits, levies and fees in the agriculture sector, with reforms specifically targeting the livestock, dairy farming and stockfeeds sub-sectors...

By Staff reporter | Published: 06 August 2025

BUSINESS NEWS

NEC reviews wages for agricultural sector workers

The National Employment Council (NEC) for Zimbabwe's agricultural industry has announced an upward revision of minimum wages and allowances for workers in the sector, effective from June 1, 2025.In a ...

By Staff reporter | Published: 04 August 2025

BUSINESS NEWS

Zimbabwe dairy sector grows, but

Zimbabwe's dairy industry has recorded encouraging growth, with raw milk production rising by 15% over the past year. However, escalating feed costs - which account for 80% of production expenses - ar...

By Staff reporter | Published: 25 July 2025

BUSINESS NEWS

ZimStat confirms dominance of Zimbabwe's huge informal sector

The Zimbabwean economy is overwhelmingly dominated by informal micro-businesses, according to a preliminary report of the 2023 Economic Census released yesterday by the Zimbabwe National Statistics Ag...

By Staff reporter | Published: 24 July 2025

BUSINESS NEWS

RBZ disburses ZiG350 million to key sectors

The RBZ announced it has disbursed ZiG350 million under its Targeted Finance Facility (TFF) to support key sectors of the economy, primarily manufacturing and agriculture, which accounted for 44.82 pe...

By Staff reporter | Published: 14 July 2025

MINING & RETAIL

Zimbabwean consumer sector poised for improvement

An uplift in volumes has been projected for Zimbabwean consumer companies despite rising cost structures, a volatile policy and monetary environment as well as higher taxation, say analysts at IH Secu...

By Staff reporter | Published: 07 July 2025

BUSINESS NEWS

'Zimbabwe losing billions in tax revenue to informal sector'

Zimbabwe is losing between US$7.5 billion and US$8 billion in potential tax revenue every year due to the dominance of its informal sector, according to new estimates by the African Development Bank (...

By Staff reporter | Published: 04 July 2025

BUSINESS NEWS

Zimbabwe's pension sector faces a mounting crisis

Zimbabwe's pension sector faces a mounting crisis as contribution arrears soar to a staggering US$93 million, prompting the Insurance and Pensions Commission (IPEC) to announce an aggressive enforceme...

By Staff reporter | Published: 03 July 2025

BUSINESS NEWS

Millers cry foul over foreign takeover of reserved sector

Local grain milling companies have raised alarm over what they describe as the growing invasion of Zimbabwe's legally reserved sectors by foreign nationals, particularly Pakistani business operators.T...

By Staff reporter | Published: 03 July 2025

EDUCATION

Mass exodus of teachers hits Zimbabwe's education sector

Zimbabwe's education sector is facing a worsening crisis as thousands of government-employed teachers continue to resign each year due to poor salaries, lack of job satisfaction, and growing politicis...

By Staff reporter | Published: 29 June 2025

BUSINESS NEWS

Job losses plague Zimbabwe's retail, mining sectors

Zimbabwe is facing a deepening employment crisis, with thousands of workers losing their jobs across the retail and mining sectors, as worsening power shortages, policy inconsistencies, and a sluggish...

By Staff reporter | Published: 20 June 2025

BUSINESS NEWS

Private sector, experts hail Zimra's TaRMS tax regime

Private sector players and financial experts have praised Zimbabwe's Tax and Revenue Management System (TaRMS) for significantly improving taxpayer accessibility and compliance, particularly among sma...

By Staff reporter | Published: 19 June 2025

BUSINESS NEWS

Zimbabwe banks channel US$200m into agric sector

Zimbabwe's banking sector has injected approximately US$200 million to support the ongoing 2024/2025 summer cropping season, underscoring renewed efforts to revitalize agriculture, a sector long regar...

By Staff reporter | Published: 22 May 2025

LANDS & AGRICULTURE

Zimbabwe turns to cotton GMOs to reboot sector

Zimbabwe has embarked on a strategic initiative to assess the performance of genetically modified (GM) cotton varieties as part of efforts to revitalise its vital cotton industry  -  a corne...

By Staff reporter | Published: 20 May 2025

INDUSTRIALS & ENERGY

Zimbabwe steel sector poised for rebound

Zimbabwe's steel industry is poised for a major revival following the Government's recent introduction of import licensing requirements for specific steel products. Industry stakeholders have welcomed...

By Staff reporter | Published: 18 May 2025

BUSINESS NEWS

Zimbabwe on path to private sector-led economy

Zimbabwe is forging ahead with a private sector-led economic model, as the Government and business leaders intensify collaboration aimed at creating a robust and sustainable economy. The move is align...

By Staff reporter | Published: 16 May 2025

BUSINESS NEWS

'Private sector key to Zimbabwe's energy transformation'

Zimbabwe is positioning the private sector as a central player in its quest for a sustainable, reliable, and inclusive energy future, government officials have emphasized.At the ongoing National Energ...

By Staff reporter | Published: 15 May 2025
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