BUSINESS NEWS

World Bank says Zimbabwe's near-term economic outlook positive

Zimbabwe's near-term economic outlook is positive with growth anticipated to remain at 5 percent in 2026, the World Bank said Tuesday.According to the Zimbabwe Economic Update released by the World B...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

Zimbabwe braces for severe storms, flooding

The Meteorological Services Department (MSD) and the Department of Civil Protection have issued a joint severe weather alert, warning of intense thunderstorms, heavy rainfall, and potential flooding ...

By Staff reporter | Published: 04 December 2025

POLITICS

Mnangagwa promotes 21 Air Force officers

The Commander-in-Chief of the Zimbabwe Defence Forces, President Emmerson Mnangagwa, has promoted 21 officers of the Air Force of Zimbabwe in recognition of their distinguished service and dedication...

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 crude oil import bill set to fall

Zimbabwe's sunflower farming sector is poised for significant growth through a new contract farming programme aimed at reducing the country's crude oil import bill. The initiative, called Mr Sunflowe...

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

Zimbabwe's inflation continues downward trend

Zimbabwe's monthly and annual inflation rates continued to decline in November, reflecting the effects of the central bank's tight monetary policy measures. The Reserve Bank of Zimbabwe has maintaine...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

Masiyiwa warns youth against 'mbinga culture'

Billionaire businessman Strive Masiyiwa has cautioned young people in Zimbabwe against idolising what has popularly become known as "Mbinga culture" - a lifestyle defined by flashy cars, designer clo...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

RBZ resolves to maintain bank policy rate at 35%

The Reserve Bank of Zimbabwe (RBZ) has maintained the bank policy rate at 35% following the latest Monetary Policy Committee (MPC) meeting held on December 1, 2025, as authorities continue efforts to...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

Zimbabwe trials locally-produced hard wheat

Zimbabwe is moving to begin cultivating hard wheat varieties after local seed producers achieved a breakthrough in developing seed suitable for domestic production, a Cabinet minister has revealed.Th...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

Zimbabwe airports upgrade boosts investor, airline confidence

Zimbabwe's aviation sector is on a sustained growth path, with eight new airlines approved to operate in the country's airspace since 2019, the Civil Aviation Authority of Zimbabwe (CAAZ) has reveale...

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

Gold Mafia shadow haunts Zimbabwe main airport

Zimbabwe's Robert Gabriel Mugabe International Airport has been singled out as a major conduit for gold smuggling, with Dubai in the United Arab Emirates emerging as the main destination for illicitl...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

Zimbabwe's 'bumper maize harvest' that never was

Zimbabwe's maize market has been thrown into disarray, just weeks after the government imposed a ban on imports citing a record 2024-25 harvest. In late August, authorities announced the ban, asserti...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

Day-old chick shortage hits Bulawayo

Bulawayo's poultry sector is facing a shortage of day-old chicks, with some suppliers reportedly forcing smallholder farmers to purchase feed as a condition for accessing the birds. The scarcity, whic...

By Staff reporter | Published: 03 December 2025

POLITICS

Chamisa returns to Zimbabwe for holidays

Former Citizens Coalition for Change (CCC) leader Nelson Chamisa has quietly returned to Zimbabwe for the Christmas holidays, ending months of speculation surrounding his whereabouts and political fu...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

'Zimbabwe banking sector safe, sound, well capitalised'

Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube says Zimbabwe's banking sector remains stable, well-capitalised and free from financial stress, supported by str...

By Staff reporter | Published: 04 December 2025

POLITICS

Mnangagwa promotes Emmanuel Matatu to full general

President Emmerson Mnangagwa, the Commander-in-Chief of the Zimbabwe Defence Forces (ZDF), on Monday presented newly appointed ZDF Commander General Emmanuel Matatu with epaulettes bearing the insign...

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

Geo Pomona boosts Harare clean-up with new fleet

Geo Pomona Waste Management Company has strengthened Harare's waste collection capacity following the arrival of a new fleet of specialised equipment from Beira, Mozambique.The machinery, which inclu...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

Econet set to host major tech exhibition

Econet Wireless Zimbabwe will next week host what it describes as one of the most significant technology exhibitions ever held in the country.The three-day Econet E-novate Expo, scheduled for December...

By Staff reporter | Published: 02 December 2025

BUSINESS NEWS

'Chamisa not backing Madlela'

Former Citizens Coalition for Change (CCC) founder Nelson Chamisa is not supporting the candidature of musician and comedian Mothusi Ndlovu, also known as Madlela Sikhobokhobo, in the upcoming Nkuluma...

By Staff reporter | Published: 02 December 2025

BUSINESS NEWS

Zimbabwe projects historic single-digit inflation by early 2026

Zimbabwe is on track to achieve single-digit local currency inflation by the first quarter of 2026, a milestone not reached since 1997, Finance, Economic Development and Investment Promotion Minister ...

By Staff reporter | Published: 02 December 2025

POLITICS

Walter Tapfumaneyi appointed Commander of ZNA

Lieutenant General Asher Walter Tapfumaneyi has been officially conferred with the rank of Zimbabwe National Army (ZNA) Commander in a formal ceremony held at Zimbabwe Defence House today.The appointm...

By Staff reporter | Published: 02 December 2025
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