BUSINESS NEWS

Zimbabwe's 2023 poll promises now pie in the sky

A new report by the Zimbabwe Human Rights Association (ZimRights) has highlighted a widening chasm between political promises and the lived realities of ordinary citizens, warning that public disillus...

By Staff reporter | Published: 3 hours ago

BUSINESS NEWS

Chinese to build luxury riverfront lodges in Victoria Falls

Zimbabwe's tourism sector is set for a major boost following confirmation that The Lux Collective, a global hospitality group with Chinese backing, will develop a high-end eco-luxury lodge estate alon...

By Staff reporter | Published: 3 hours ago

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: 3 hours ago

BUSINESS NEWS

Zimbabwe to reforms Mutapa Investment Fund

The Zimbabwean government is planning comprehensive reforms to the Mutapa Investment Fund, aiming to position the country's sovereign wealth vehicle at the centre of efforts to restructure and commerc...

By Staff reporter | Published: 3 hours ago

BUSINESS NEWS

Mthuli Ncube signals royalty climbdown

Finance Minister Professor Mthuli Ncube has indicated that Zimbabwe's proposed gold royalty regime may be adjusted following widespread concerns from large-scale and small-scale miners, who warned tha...

By Staff reporter | Published: 3 hours ago

BUSINESS NEWS

African Sun to shut down Elephant Hills for major overhaul

African Sun Limited has announced plans to close the iconic Elephant Hills Resort in Victoria Falls in November 2026 for an extensive 18-month refurbishment and rebranding programme. The upgraded prop...

By Staff reporter | Published: 4 hours ago

BUSINESS NEWS

Khaya Cement production resumes

Cement production has resumed at Khaya Cement, a development expected to relieve Zimbabwe's ongoing shortage of the building material. Corporate rescue practitioner Bulisa Mbano confirmed to journalis...

By Staff reporter | Published: 4 hours ago

BUSINESS NEWS

SecZim tightens capital screws on market players

The Securities and Exchange Commission of Zimbabwe (SecZim) has introduced comprehensive capital adequacy rules requiring stockbrokers, asset managers, exchanges, and other securities market intermedi...

By Staff reporter | Published: 4 hours ago

BUSINESS NEWS

NashTV announces shutdown

Local entertainment platform Nash TV has announced its closure, with owner and businessman Tinashe Mutarisi confirming that he is redirecting his focus to new ventures. Nash TV, which operated under N...

By Staff reporter | Published: 10 December 2025

BUSINESS NEWS

Har­are's 'pseudo malls' spark safety fears

Harare is witnessing a rapid and largely unregulated surge in makeshift multi-storey shopping structures, commonly referred to as "pseudo malls," a trend that city authorities and residents warn is in...

By Staff reporter | Published: 10 December 2025

BUSINESS NEWS

Matobo drops service charges to lure investors

The Matobo Rural District Council (RDC) is optimistic that next year's Independence Day celebrations, scheduled for April 2026 at Maphisa growth point, will shine a national spotlight on the area and ...

By Staff reporter | Published: 10 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

Mthuli Ncube signals flexibility on gold royalty hike

Finance Minister Mthuli Ncube has suggested he may revise proposed increases to gold royalties after strong pushback from miners who warn that doubling the tax could destabilise the sector, reduce inv...

By Staff reporter | Published: 10 December 2025

BUSINESS NEWS

Zimbabwe rolls out multi-billion-dollar overhaul of major highways

Zimbabwe will next year initiate a sweeping US$3 billion road rehabilitation and upgrade programme targeting four major national highways, in what government officials describe as one of the most ambi...

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

Zimbabwe's first 360-degree rotating restaurant in Harare

Construction has officially started on Zimbabwe's first-ever 360-degree rotating restaurant, a landmark feature of the ambitious Liberation City Project, the Institute of African Knowledge (INSTAK) an...

By Staff reporter | Published: 10 December 2025

BUSINESS NEWS

Chimombe, Mpofu take fight to Supreme Court

Lawyers representing businessmen Mike Chimombe and Moses Mpofu have announced plans to take their clients' case to the Supreme Court, challenging both the conviction and the sentences handed down by t...

By Staff reporter | Published: 09 December 2025

BUSINESS NEWS

Zimbabwe ranked among top 10 African countries for road quality

Zimbabwe has earned a spot among the top ten African countries with the best road quality, according to a recent ranking by Pan-African publication The Vanguard. The accolade highlights the country's ...

By Staff reporter | Published: 09 December 2025

BUSINESS NEWS

Tanganda offloads assets

Tanganda Tea Company Limited, Zimbabwe's leading tea producer, has unveiled plans to raise US$7 million to shore up working capital, through the disposal of non-core assets and a bridging finance faci...

By Staff reporter | Published: 09 December 2025

BUSINESS NEWS

SeedCo International narrows loss on cost cuts

Seed Co International Limited (SCIL), the foreign currency-earning subsidiary of the Seed Co Group, reported a dramatic reduction in its interim loss, narrowing it by nearly 93% to US$200 000 for the ...

By Staff reporter | Published: 09 December 2025

BUSINESS NEWS

Zimbabwe flagged as emerging junk food hotspot

Zimbabwe has been identified as a growing market for unhealthy processed foods and sugary drinks, with total sales estimated at US$623 million between 2021 and 2024, according to a new report by UNICE...

By Staff reporter | Published: 09 December 2025

BUSINESS NEWS

Zvobgo dies

Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) board chairman Advocate Tawanda Zvobgo has died.Zvobgo is reported to have suffered a cardiac arrest while at work. He was rushe...

By Staff reporter | Published: 09 December 2025

BUSINESS NEWS

Kapenta stocks decline in Lake Kariba

The Zimbabwe National Parks and Wildlife Management Authority (ZimParks) has temporarily lowered the minimum allowable fishing depth in Lake Kariba from 20 metres to 17 metres in response to persisten...

By Staff reporter | Published: 09 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
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