BUSINESS NEWS

RBZ reveals strategy towards shift to mono-currency

Zimbabwe's central bank is stepping up efforts to build up foreign currency reserves in preparation for a planned transition to a mono-currency regime by 2030, Reserve Bank of Zimbabwe (RBZ) Governor ...

By Staff reporter | Published: 25 July 2025

POLITICS

Zanu-PF warns South Africa against US sanctions

Zimbabwe's ruling party (ZANU–PF) says South Africa should not be intimidated by a proposed US bill that could empower President Donald Trump with "superpowers" to impose sanctions on African Nation...

By Staff reporter | Published: 25 July 2025

BUSINESS NEWS

Mines and RBZ in crunch talks over forex retention

The Chamber of Mines of Zimbabwe has initiated fresh negotiations with the Reserve Bank of Zimbabwe (RBZ) to review the current foreign currency retention framework, citing growing concerns over worse...

By Staff reporter | Published: 25 July 2025

BUSINESS NEWS

ZB faces shareholder revolt

ZB Financial Holdings (ZBFH) is once again embroiled in a shareholder dispute, as long-simmering tensions with prominent investor Nicholas Vingirai flare up over allegations of flawed audit procedures...

By Staff reporter | Published: 25 July 2025

MINING & RETAIL

Impala triples platinum smelting in Zim with new plant

Impala Platinum Holdings' Zimbabwe unit, Zimplats, is set to triple its concentrate processing capacity with the commissioning of a new smelter as part of its ambitious $1.8 billion expansion plan. Th...

By Staff reporter | Published: 25 July 2025

POLITICS

Edmund Kudzayi challenges Mahere default judgement

Journalist Edmund Kudzayi has formally approached the High Court to rescind a default judgment awarding US$100,000 in damages to prominent lawyer Fadzayi Mahere in a defamation case. The judgment, gra...

By Staff reporter | Published: 25 July 2025

BUSINESS NEWS

ZIDA records surge in investment licences

The Zimbabwe Investment and Development Agency (ZIDA) has reported a record-breaking increase in new investment licences in 2024, reflecting what officials describe as growing investor confidence in t...

By Staff reporter | Published: 25 July 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

Zimta pokes holes into proposed Zimsec Act amendments

The Zimbabwe Teachers Association (Zimta) has criticised the proposed amendments to the Zimbabwe Schools Examination Council (Zimsec) Act, arguing that they fall short of restoring credibility to the ...

By Staff reporter | Published: 25 July 2025

BUSINESS NEWS

Nurses in desperate bid to flee Zimbabwe

Thousands of Zimbabwean nurses are stranded and financially drained after spending up to US$2 000 each in failed attempts to migrate for better-paying jobs abroad, as government authorities allegedly ...

By Staff reporter | Published: 25 July 2025

INDUSTRIALS & ENERGY

ZESA appoints interim leaders

ZESA Holdings has announced key interim leadership changes in the wake of the sudden passing of its executive chairman, Dr. Sydney Gata.In an internal circular seen by this publication, the state-owne...

By Staff reporter | Published: 24 July 2025

BUSINESS NEWS

IMF sees signs of recovery in Zimbabwe

Zimbabwe is showing early signs of economic recovery and macroeconomic stabilization, buoyed by recent policy reforms and improved fiscal management, according to the International Monetary Fund (IMF)...

By Staff reporter | Published: 24 July 2025

BUSINESS NEWS

Zimbabwe's formal economy tanks

Zimbabwe's economy has become overwhelmingly informal, with the latest figures from the Zimbabwe National Statistics Agency (ZimStat) revealing that 76% of business operations in the country are now i...

By Staff reporter | Published: 24 July 2025

MINING & RETAIL

Hungry Lion enters Zimbabwe market

South African fast-food giant Hungry Lion has officially entered the Zimbabwean market, launching its first branch at the newly opened Greenfields Retail Centre in Harare. The move marks the brand's i...

By Staff reporter | Published: 24 July 2025

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 SMEs crushed by annual compliance fees

Small and medium enterprises (SMEs) in Zimbabwe are buckling under the weight of steep compliance costs - some as high as US$10,000 annually - raising alarm over a regulatory environment that is drivi...

By Staff reporter | Published: 24 July 2025

BUSINESS NEWS

Zanu PF-affiliated informal traders receives relief funds

Informal traders aligned with Zanu PF’s affiliate group Vendors for ED have begun receiving financial support through the Presidential Revolving Fund, disbursed via the Empowerment Bank.The initiati...

By Staff reporter | Published: 24 July 2025

POLITICS

Mwonzora extends olive branch to former MDC members

Opposition Movement for Democratic Change (MDC) leader Douglas Mwonzora has extended an olive branch to former party members but with a stern condition: prove your sincerity by campaigning in Epworth....

By Staff reporter | Published: 24 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

Buy Zimbabwe warns against unauthorised use of its insignia

Buy Zimbabwe, the prominent organisation championing the production, preference, and consumption of locally made goods, has issued a stern warning against the unauthorized use of its legally protected...

By Staff reporter | Published: 24 July 2025

INDUSTRIALS & ENERGY

Mnangagwa commissions Zimplats 35MW solar plant

President Emmerson Mnangagwa has praised platinum mining giant Zimplats for setting a benchmark in Zimbabwe's mining sector through enhanced production and responsible environmental practices.The Pres...

By Staff reporter | Published: 24 July 2025

BUSINESS NEWS

18 Zimbabwe prosecutors arrested for corruption charges

At least 18 public prosecutors stationed across Zimbabwe have been arrested on corruption-related charges, predominantly bribery and extortion, the country's Prosecutor-General, Justice Loice Matanda-...

By Staff reporter | Published: 24 July 2025

BUSINESS NEWS

Zanu-PF intensifies youth mobilisation drive in Bulawayo

Zanu-PF's Bulawayo province has launched an aggressive youth mobilisation campaign in a bid to strengthen its grassroots support in the traditionally opposition-dominated city ahead of future election...

By Staff reporter | Published: 24 July 2025

BUSINESS NEWS

ZBC loses eviction cases

The High Court has dealt a major blow to the Zimbabwe Broadcasting Corporation (ZBC)'s attempts to evict its former employees from Hatley House flats in Harare, striking off its application for violat...

By Staff reporter | Published: 24 July 2025

POLITICS

Mwonzora slams Tagwirei's political ambitions

MDC-T President Douglas Mwonzora has launched a scathing attack on controversial businessman Kudakwashe Tagwirei, branding him one of the worst politicians to emerge in recent times and accusing him o...

By Staff reporter | Published: 23 July 2025
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