BUSINESS NEWS

OK Zimbabwe posts US$17,8 million loss

Troubled retail giant OK Zimbabwe has reported a US$17.8 million loss for the half-year period ended September 30, 2025, as management intensifies efforts to raise capital and stabilise operations.Pre...

By Staff reporter | Published: 17 December 2025

BUSINESS NEWS

Dembare fined US$4,500

Dynamos Football Club has been fined US$4,500 for disorderly conduct that caused a delay to the Chibuku Super Cup final against Triangle United at Gibbo Stadium.The Premier Soccer League (PSL) stated ...

By Staff reporter | Published: 17 December 2025

BUSINESS NEWS

Man accused of selling fake fer­til­iser

A manager at Agro Zim Solutions, Blessing Mushonga, appeared before Harare Provincial Magistrate Ruth Moyo over allegations of defrauding farmers by selling counterfeit fertilisers, causing substantia...

By Staff reporter | Published: 17 December 2025

BUSINESS NEWS

Nust steps up move to start gold mining at Bulawayo campus

The National University of Science and Technology (Nust) has formally applied for special dispensation to undertake experimental mining on its main Bulawayo campus, aiming to advance research, teachin...

By Staff reporter | Published: 17 December 2025

POLITICS

'Drunk' Zanu-PF MP causes stir in Parliament

Things turned tense in Parliament on Thursday night when a Zanu-PF MP made a personal remark about the mother of Kwekwe legislator Judith Tobaiwa (CCC) during a debate on maternal health.The session, ...

By Staff reporter | Published: 14 December 2025

BUSINESS NEWS

Strong rebound in Zimbabwe business confidence for 2026

Most business executives expect operating conditions to improve in 2026, buoyed by macroeconomic stability, regulatory reforms and recovery prospects in key productive sectors, according to the Zimbab...

By Staff reporter | Published: 14 December 2025

BUSINESS NEWS

US announces policy shift on engaging Zimbabwe

The United States has announced a significant transformation in its relationship with Zimbabwe, signalling a shift from decades of donor-dependent engagement to a partnership centred on trade, investm...

By Staff reporter | Published: 11 December 2025

BUSINESS NEWS

Zimbabwe suspends import duty on fer­til­isers

The government has suspended import duty on selected fertilisers for 12 months, effective this week, in a bid to stabilise supply and reduce input costs for farmers during the ongoing 2025-26 summer c...

By Staff reporter | Published: 10 December 2025

BUSINESS NEWS

Zimbabwe targets US$25bn livestock sector by 2030

Zimbabwe's livestock sector is set for a major overhaul, with the Zimbabwe Feed and Fodder Multi-stakeholder Platform (ZFFMSP) announcing plans to build the industry into a US$25 billion powerhouse. T...

By Staff reporter | Published: 10 December 2025

BUSINESS NEWS

ZERA dismisses viral claim of US$100 monthly solar tax

A viral claim circulating across WhatsApp and other social media platforms suggesting that the Zimbabwe Energy Regulatory Authority (ZERA) is preparing to introduce a US$100 monthly solar tax has bee...

By Staff reporter | Published: 07 December 2025

BUSINESS NEWS

Businesswoman scammed of US$500,000

A Harare businesswoman has reportedly lost US$500,000 in an elaborate scam after fraudsters masquerading as senior executives from Kuvimba Mining House (KMH) lured her into a fake chrome trading deal...

By Staff reporter | Published: 07 December 2025

BUSINESS NEWS

Beitbridge drops contractor for bus terminus project

Beitbridge Municipality has terminated its contract with Ultra Construction over delays in completing the Dulivhadzimu Long-Distance Bus Terminus, a project that has been ongoing since 2012. The move...

By Staff reporter | Published: 07 December 2025

BUSINESS NEWS

Mnangagwa's railway revamp deal balloons to US$3bn

A major variance has emerged between Zimbabwe's earlier stated railway rehabilitation cost and the latest government figures, with a programme initially presented as a US$533 million investment now re...

By Staff reporter | Published: 05 December 2025

POLITICS

Mahere urges action on US$98 million BEAM arrears

Former Mt Pleasant MP Fadzayi Mahere has called on Primary and Secondary Education Minister Torerayi Moyo to urgently address the US$98 million owed to schools through the Basic Education Assistance M...

By Staff reporter | Published: 05 December 2025

POLITICS

Mnangagwa focuses on term extension

President Emmerson Mnangagwa has called for detailed timelines and an implementation matrix for key resolutions adopted at the recent Zanu-PF annual conference in Mutare, with particular emphasis on t...

By Staff reporter | Published: 05 December 2025

POLITICS

Construction of Zanu-PF US$1m HQ in full swing

Construction of a state-of-the-art Zanu-PF Manicaland provincial headquarters and conference centre, valued at more than US$1 million, is progressing rapidly, with key building materials already deliv...

By Staff reporter | Published: 05 December 2025

POLITICS

Mnangagwa pushes Zanu-PF to implement resolutions

President Emmerson Mnangagwa yesterday called on Zanu-PF members to implement the party's conference resolutions, including the contentious plan to extend his term of office by two years. The rulin...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

Iron, steel industry set to become largest employer

The iron and steel industry has emerged as Zimbabwe's fastest-growing sector, currently employing over 15,000 people, Industry and Commerce Minister Mangaliso Ndlovu has said. Speaking to students of...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

Zimbabwe owes US$1.7bn to pensioners, schools, contractors

Zimbabwe's government ministries continue to operate outside the official Public Finance Management System (PFMS), committing to contracts beyond approved budgets and under weak monitoring structures...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

US$ assets will be safe under mono currency transition

The Government has moved to allay growing public and corporate concerns, assuring that the planned transition to a mono-currency system will not compromise the value of foreign currency-denominated s...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

Mutapa pumps US$100m into State firms in turnaround drive

The Mutapa Investment Fund injected US$100 million into its portfolio of State-owned enterprises (SOEs) in the nine months to September 30, 2025, as part of efforts to transform more than half of the...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

Zimbabwe gold reserves reach US$ 1 billion mark

Zimbabwe's foreign currency and gold reserves backing the Zimbabwe Gold (ZiG) currency have surpassed US$1 billion for the first time since the introduction of the local unit, the Reserve Bank of Zim...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

Zimbabwe diaspora remittances reach US$2,1 billion

Zimbabwe's diaspora community has continued to play a crucial role in supporting the local economy, with remittances surging to US$2,1 billion in the first nine months of 2025, Finance and Investment ...

By Staff reporter | Published: 02 December 2025

BUSINESS NEWS

Mthuli Ncube to tax US dollar cash withdrawals

Treasury has proposed a new progressive tax on foreign currency cash withdrawals, a move that has drawn immediate criticism from the financial sector for potentially discouraging formal banking. The p...

By Staff reporter | Published: 02 December 2025

BUSINESS NEWS

Labour Court reinstates suspended official

The Labour Court has upheld an arbitral award reinstating former Karoi Town Council acting town secretary, Mr. Tongai Namisala, after ruling that the local authority's disciplinary process was procedu...

By Staff reporter | Published: 02 December 2025
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