BUSINESS NEWS

Zimbabwe revels in improved power supply

Zimbabweans are breathing a sigh of relief as the nation celebrates a significant improvement in electricity supply, following a surge in domestic power generation. The development marks a critical tu...

By Staff reporter | Published: 24 July 2025

BUSINESS NEWS

Zimbabwe moves to reform public medicine supply system

The Ministry of Health and Child Care has embarked on a sweeping reform process aimed at resolving medicine shortages at public hospitals, despite the country's main pharmaceutical distributor, NatPha...

By Staff reporter | Published: 22 June 2025

INDUSTRIALS & ENERGY

Edgars turns to mass market and local supply

Edgars Stores Limited has effectively become Zimbabwe's sole listed clothing retailer after Truworths Zimbabwe entered corporate rescue in 2024, following a prolonged period of financial distress and ...

By Staff reporter | Published: 20 June 2025

POLITICS

Govt signals support for Chivayo's US$400m medical supply bid

The Zimbabwean government appears to be giving tacit approval to businessman Wicknell Chivayo's bid to supply over US$400 million worth of medical drugs and cancer treatment equipment, despite public ...

By Staff reporter | Published: 18 June 2025

BUSINESS NEWS

Zimbabwe assures steady ARV supply amid US funding cuts

Health and Child Care Minister Dr Douglas Mombeshora has moved to dispel growing fears over antiretroviral (ARV) drug shortages, assuring the nation that Zimbabwe has adequate supplies to meet nationa...

By Staff reporter | Published: 17 May 2025

BUSINESS NEWS

High money supply keeps inflation up

The spectre of sustained high inflation remains a real threat after Zimbabwe's annual broad money grew 81 percent to $17 billion in the 12 months to July 2019 driven by growth in foreign currency acco...

By Staff reporter | Published: 18 October 2019

FINANCIAL SERVICES

Money Supply (M3) rises to $17.1 billion in July 2019

The Reserve Bank of Zimbabwe released its monthly economic review documents for July 2019. The publication gives a general overview of a wide range economic statistics. The monetary statistics are a k...

By Staff reporter | Published: 18 October 2019

INDUSTRIALS & ENERGY

Power supply to improve long-term

Government is working on various policies to ensure sustainable electricity supply in the long-term after securing a deal from Mozambique's Hydroelectrica de Cahora Bassa (HCB) of Mozambique for the s...

By Staff reporter | Published: 01 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

Money supply up by ZWL$3 million

THE Reserve Bank of Zimbabwe (RBZ) says the country has recorded an annual increase of money supply by almost ZWL$3 million while both exports and imports decreased by over 15%.This is contained in th...

By Staff reporter | Published: 04 July 2019

BUSINESS NEWS

'Fuel supply gaps still exist in Zimbabwe'

Although fuel consumers are generally able to access fuel, some gaps still exist as we continue to witness fuel queues, even though some are short - that's a fact.The demand trends I have witnessed ar...

By Staff reporter | Published: 23 December 2018

INDUSTRIALS & ENERGY

Delta Beverages left with 1 week's supply of beer

Imbibers and soft drink lovers are headed for hard times as the products are fast running out on supermarket shelves amid revelations that the country's biggest producer, Delta Beverages was left with...

By Staff reporter | Published: 09 May 2018

BUSINESS NEWS

'Forex shortages causing supply gaps'

DELTA Corporation says foreign currency shortages in the market are increasingly affecting the group's raw material supply chain, a company official said.The group's corporate affairs manager Patricia...

By Staff reporter | Published: 04 May 2018

EDUCATION

Science teachers in short supply

HIGHER and Tertiary Education minister Amon Murwira has disclosed that the country is facing a serious shortage of secondary school science teachers, following a massive brain drain to neighbouring co...

By Staff reporter | Published: 25 April 2018

MINING & RETAIL

Hwange's 25-year coal supply deals stall

HWANGE Colliery Company Limited (HCCL) is yet to reach financial closure on two 25-year coal supply agreements it signed last year with the Zimbabwe Power Company and the Pan-African Energy Resources....

By Staff reporter | Published: 14 March 2018

LANDS & AGRICULTURE

Maize grain supply decreases

Maize supply on the market has decreased due to anticipated poor harvests caused by the low rainfall experienced in the country from the start of the season up to February, the FEWSNET has reported. T...

By Staff reporter | Published: 08 March 2018

LANDS & AGRICULTURE

Belarus to supply Zim $43 million Agric equipment

The Belarus and Zimbabwean governments will sign a Memorandum of Agreement for the supply of $43 million worth of agriculture equipment, a visiting envoy said on Thursday.Belarus chief of Presidential...

By Staff reporter | Published: 01 March 2018

BUSINESS NEWS

Companies fleeced in Zimra fiscal devices supply

THOUSANDS of Zimbabwean businesses may have lost millions of dollars in an alleged scam by a group of companies contracted by the Zimbabwe Revenue Authority (Zimra) to supply fiscal devices, two years...

By Staff reporter | Published: 29 January 2018

BUSINESS NEWS

Zim left with a week's supply of water chemicals

A major water crisis beckons for Zimbabwe's local authorities amid revelations that the country is only left with just a week's supply of water purification chemicals. Information indicates that AI Da...

By Staff reporter | Published: 15 December 2017

BUSINESS NEWS

'Money supply growth to blame for forex premiums'

The mis-match between the supply and demand for foreign exchange, has led to the emergence of foreign exchange premiums in the market, Finance and Economic Development Minister Patrick Chinamasa has s...

By Staff reporter | Published: 08 December 2017

INDUSTRIALS & ENERGY

'Zimbabwe has over 2 months' supply of fuel'

The Ministry of Energy and Power Development has assured the nation that it is holding more than two months' supply of diesel and over a month's supply of petrol.  Minister of Energy Dr Samuel Un...

By Staff reporter | Published: 27 September 2017

BUSINESS NEWS

Works to increase Beitbridge electricity supply

THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) is working on constructing a bigger substation to supply electricity to Beitbridge and a poly clinic.ZETDC system development man...

By Staff reporter | Published: 15 September 2017

INDUSTRIALS & ENERGY

Supply local foundries, metal producers told

INDUSTRY and Commerce Deputy Minister Chiratidzo Mabuwa has ordered local metal producers to desist from exporting scrap metal at the expense of domestic foundries.Speaking during a scrap metal indaba...

By Staff reporter | Published: 30 August 2017

ZIMBABWE

Contain 'cash burning', up money supply

RESERVE Bank of Zimbabwe (RBZ) governor, John Mangudya is this month expected to announce the Mid-Term Monetary Policy Statement, with economists calling for measures to contain "cash burning" and inc...

By Staff reporter | Published: 04 July 2017

ECONOMC INDICATORS

Broad money supply up 11,6%

Zimbabwe's broad money supply increased by 11,6 percent between January 2014 and January 2015, from $3,88 billion last year to $4,34 billion, on the back of growth in banking sector deposits, statisti...

By Staff reporter | Published: 21 June 2015
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