Search / Economic
Is Zimbabwe wooing Donald Trump by paying white farmers and ending tariffs?
Long-frozen relations between the United States and Zimbabwe may be thawing after the Southern African nation slashed all taxes on US goods flowing into the country and announced it has begun to pay c...Published: 18 Apr 2025 at 15:19hrs | 426 | by Staff reporter
Modi acquires Choppies Zimbabwe for US$260,000 after selling it for US$22 million
Deputy Industry Minister and prominent businessman Raj Modi has acquired Choppies Zimbabwe for just US$260,000, marking a dramatic turn in the retail chain's fortunes more than a decade after the Bots...Published: 17 Apr 2025 at 20:46hrs | 2432 | by Staff reporter
ZDF distances itself from arrested former Air Force officer in UZ salary strike
The Zimbabwe Defence Forces (ZDF) has moved swiftly to distance itself from the actions of retired Group Captain Boncace Mwakorera, a former Air Force of Zimbabwe officer, who was arrested yesterday a...Published: 17 Apr 2025 at 20:30hrs | 1395 | by Staff reporter
Zimbabwe govt urged to address Bulawayo de-industrialisation
Former Speaker of Parliament, Lovemore Moyo, has urged the Zimbabwean government to urgently address the ongoing de-industrialisation of Bulawayo, warning that the city's transformation from an indust...Published: 17 Apr 2025 at 09:01hrs | 337 | by Staff reporter
ZITF 2025 shatters records
The Zimbabwe International Trade Fair (ZITF) has reached full capacity ahead of its 2025 edition, following an unprecedented surge in interest from local and international exhibitors. The overwhelming...Published: 17 Apr 2025 at 07:37hrs | 822 | by Staff reporter
Zimbabwe lifts exchange rate controls
Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability a...Published: 17 Apr 2025 at 07:36hrs | 9581 | by Staff reporter
Zimbabwe extends duty-free import window for bus operators
The Government has extended the duty-free bus import facility to April 30, 2025, in a move aimed at further revitalising Zimbabwe's public transport system and ensuring affordable, reliable services f...Published: 17 Apr 2025 at 07:31hrs | 277 | by Staff reporter
Why Zanu-PF won Glen View South seat
ZANU-PF has reclaimed the Glen View South constituency in a closely watched by-election, with its candidate Tsitsi Tawomhera securing victory.Zanu-PF's campaign focused heavily on infrastructu...Published: 17 Apr 2025 at 07:30hrs | 752 | by Staff reporter
Zimbabwe's steel revolution begins
Zimbabwe has taken a major step toward economic transformation and self-sufficiency with the launch of full-scale finished steel production at the Dinson Iron and Steel Company (Disco) plant in Manhiz...Published: 17 Apr 2025 at 07:29hrs | 6070 | by Staff reporter
Zimbabwe sets ambitious electrification and clean cooking targets
The Zimbabwean government has announced a bold plan to electrify over three million households and achieve 70% clean cooking access by 2030. This ambitious target was unveiled following today's Cabine...Published: 16 Apr 2025 at 23:32hrs | 245 | by Staff reporter
Police crush UZ lecturers' demonstration
Police once again displayed heavy-handed tactics on Wednesday morning, arresting leaders of a demonstration by University of Zimbabwe (UZ) lecturers who were demanding a salary review. The arrested le...Published: 16 Apr 2025 at 23:27hrs | 501 | by Staff reporter
Harare Institute of Technology prepares students for Africa's AI revolution
The Harare Institute of Technology (HIT) is playing a leading role in preparing Zimbabwe's youth for the rapidly evolving Fourth Industrial Revolution by embedding Artificial Intelligence (AI) and the...Published: 16 Apr 2025 at 23:25hrs | 194 | by Staff reporter
Zimbabwe manufacturing sector faces challenges
Industry and Commerce Minister Nqobizitha Ndlovu has called for urgent action to address the challenges stifling the competitiveness of Zimbabwe's manufacturing sector, after new findings revealed tha...Published: 16 Apr 2025 at 23:23hrs | 82 | by Staff reporter
Zimbabwe to get share of US$300m Afreximbank dividend
The Zimbabwean government is set to receive a significant payout from Afreximbank's recently declared US$300 million dividend, following the bank's exceptional financial performance in the year ending...Published: 16 Apr 2025 at 23:22hrs | 122 | by Staff reporter
New policy to cut Zimbabwe's energy intensity
The Government of Zimbabwe has launched the National Energy Efficiency Policy, a new initiative aimed at reducing the country's energy intensity to meet global standards. The policy, introduced last w...Published: 16 Apr 2025 at 23:21hrs | 90 | by Staff reporter
'Bulawayo-Vic Falls Road upgrading to take 10 months'
Transport and Infrastructural Development Minister Felix Mhona has confirmed that the long-awaited rehabilitation of the Bulawayo-Victoria Falls Road will resume next month and is expected to be compl...Published: 16 Apr 2025 at 23:19hrs | 3347 | by Staff reporter
Belarus to establish bus and tractor assembly plant in Zimbabwe
Belarus is set to establish a bus and tractor assembly plant in Zimbabwe by December 2025, further cementing the growing ties between the two nations. This announcement was made by Mr Pearson Chigiji,...Published: 16 Apr 2025 at 23:18hrs | 126 | by Staff reporter
Mabika endorsed as ZANU-PF Manicaland Women's League Chair
ZANU-PF has officially endorsed the election of Dorothy Mabika as the substantive chairperson of the Women's League in Manicaland Province, following her successful election by the provincial executiv...Published: 16 Apr 2025 at 23:17hrs | 99 | by Staff reporter
Busisa Moyo inducted into Zimbabwe business hall of fame
Renowned industrialist and business leader Mr Busisa Moyo has been inducted into the Zimbabwe Business Hall of Fame 2025, a prestigious honour recognising his exceptional contribution to Zimbabwe's ec...Published: 16 Apr 2025 at 23:16hrs | 177 | by Staff reporter
Bulawayo gears up to host landmark 65th edition of ZITF
The City of Bulawayo is set to roll out the red carpet for the 65th edition of the Zimbabwe International Trade Fair (ZITF), which kicks off next Monday, with Minister of State for Bulawayo Provincial...Published: 16 Apr 2025 at 23:14hrs | 614 | by Staff reporter
ZITF 2025 fully booked as international participation increases
The Zimbabwe International Trade Fair (ZITF) 2025 has reached full capacity for its traditional exhibition space, with additional space being created to accommodate a growing number of exhibitors, ZIT...Published: 16 Apr 2025 at 22:54hrs | 32 | by Staff reporter
Mnangagwa welcomes Afrikaner business delegation in Harare, South African angry
A delegation from the Afrikaner business community received a warm welcome from Zimbabwean President Emmerson Mnangagwa last week in Harare's State House, according to a Zanu-PF official contacted by ...Published: 16 Apr 2025 at 22:48hrs | 1124 | by Staff reporter
University Zimbabwe lecturers arrested over salary protest
Three University of Zimbabwe (UZ) lecturers were arrested by police on Wednesday after staging a protest over poor remuneration at the university's campus in Harare.The lecturers, who are part...Published: 16 Apr 2025 at 22:47hrs | 106 | by Staff reporter
Zimbabwe's ZiG currency risks extinction stoked by policy choices
Zimbabwe's ZiG is heading toward failure, not through rapid devaluation, but through growing irrelevance, according to Imara Asset Management, the country's oldest independent brokerage.Unlike...Published: 16 Apr 2025 at 22:45hrs | 79 | by Staff reporter
What triggered the call for the failed 31 March 'uprising' in Zimbabwe?
The old-age wisdom that facts are stubborn came alive last week after social media platforms and sections of the mainstream media went into a frenzy with sensational claims that the Parliament of Zimb...Published: 15 Apr 2025 at 18:22hrs | 2603 | by Jonathan Moyo
Panic in Mnangagwa camp as impeachment talk intensifies
Growing fears of a potential impeachment plot are reportedly unsettling President Emmerson Mnangagwa's inner circle, as deepening cracks within the ruling Zanu-PF party threaten to erupt into a full-b...Published: 15 Apr 2025 at 10:25hrs | 9794 | by Staff reporter
Mixed feelings in Matebeleland region as Independence Day beckons
As Zimbabwe prepares to mark the 45th anniversary of its independence this Friday, a growing chorus of concern from stakeholders in Matabeleland has emerged, expressing disappointment with the governm...Published: 15 Apr 2025 at 08:45hrs | 639 | by Staff reporter
Zimbabwe steel production cuts import reliance
A monumental step forward for Zimbabwe's import substitution strategy has been achieved with the commencement of extensive finished steel production at the Dinson Iron and Steel Company (Disco) plant ...Published: 15 Apr 2025 at 08:43hrs | 1029 | by Staff reporter
Zimra blitz disrupts Bulawayo traders
Scores of traders operating within Bulawayo's city centre were left reeling last week after the Zimbabwe Revenue Authority (Zimra) implemented a series of business closures, as part of a wider nationa...Published: 15 Apr 2025 at 08:42hrs | 1949 | by Staff reporter
Zimbabwe unveils Indigenous Higher Education System
The Government has officially launched DuraIsiphala263, a homegrown Higher Education Management Information System (HEMIS) designed to revolutionise data collection, analysis, and decision-making in Z...Published: 15 Apr 2025 at 08:37hrs | 207 | by Staff reporter
Harare City Council officials continue to pocket hefty salaries
Despite mounting public criticism and repeated promises of reform, senior officials at the Harare City Council continue to earn hefty salaries, raising serious concerns about misplaced priorities and ...Published: 15 Apr 2025 at 08:36hrs | 328 | by Staff reporter
Ghana orders foreigners to exit gold market by April 30
Ghana has ordered foreigners to exit its gold trading market by the end of the month, a new government body said on Monday, as the West African country looks to streamline gold purchases from small-sc...Published: 15 Apr 2025 at 08:33hrs | 292 | by Staff reporter
Why compensate white farmers, not ZPRA?
Veteran freedom fighter and opposition politician Moses Mzila Ndlovu has strongly criticised the Zimbabwean government's recent payment of compensation to white former commercial farmers, calling it a...Published: 14 Apr 2025 at 19:02hrs | 1558 | by Staff reporter
More land availed to MPs in exchange for loyalty
A new wave of explosive allegations has rocked Zimbabwe's political landscape, with reports surfacing that Members of Parliament (MPs) are being offered vast plots of land and large cash incentives in...Published: 14 Apr 2025 at 14:33hrs | 747 | by Staff reporter
'RBZ walks the talk on ZiG'
Zimbabwe's efforts to stabilise its currency and foster price stability are showing significant progress, with foreign currency reserves backing the Zimbabwe Gold (ZiG) surpassing US$600 million, sign...Published: 14 Apr 2025 at 09:20hrs | 3662 | by Staff reporter
Bulawayo City Council seeks ideas to revive city's industries
In a bid to combat urban decay and rapid de-industrialisation, Bulawayo city leaders are urging residents, policy experts, and various stakeholders to contribute innovative solutions that can drive su...Published: 14 Apr 2025 at 09:13hrs | 139 | by Staff reporter
Zimbabwe to produce solar panels, lithium batteries
Zimbabwe is set to begin large-scale manufacturing of solar panels and lithium batteries as part of a bold new initiative to boost the country's renewable energy sector. The development follows the re...Published: 14 Apr 2025 at 09:08hrs | 313 | by Staff reporter
7 more firms for Bulawayo-Victoria Falls road upgrade
The Government has engaged seven additional contractors to fast-track the full rehabilitation of the Bulawayo–Victoria Falls highway, a key economic and tourism corridor that has long been in a stat...Published: 14 Apr 2025 at 09:08hrs | 6066 | by Staff reporter
Govt boosts completion drive on Harare-Beitbridge highway
The Government has released a new tranche of funding to expedite the completion of outstanding sections of the Harare–Beitbridge Highway, with contractors now back on site and working at full thrott...Published: 14 Apr 2025 at 09:06hrs | 236 | by Staff reporter
'City on the Edge of the City' set to transform Bulawayo
Real estate firm Henock Ranching has announced an ambitious new urban development project, "City on the Edge of the City," which will be constructed on a 58-hectare gated lifestyle estate on the outsk...Published: 14 Apr 2025 at 09:04hrs | 382 | by Staff reporter
Zimbabwe orders immediate eviction of illegal rural land occupiers
The Government has issued a stern warning to all individuals occupying State land illegally, particularly in rural areas, demanding that they vacate such land immediately or face prosecution under the...Published: 13 Apr 2025 at 16:19hrs | 59479 | by Staff reporter
Zimbabwe's crisis will not be solved by another election
For over four decades since our hard-won independence, Zimbabwe has been trapped in cycles of political contestation, economic decline, and social fragmentation.As someone who has lived throug...Published: 13 Apr 2025 at 15:04hrs | 1218 | by Ibbo Mandaza
The reality of '9 wasted years' - A decade WMC failed to capture Zuma
For too long, South Africans have been bombarded with a dishonest narrative coined by the very architects of our economic servitude, that the period of President Jacob Zuma's administration represents...Published: 13 Apr 2025 at 14:33hrs | 730 | by Mzwanele Manyi
EFF calls for review of Orania's status
The Economic Freedom Fighters (EFF) in the Northern Cape have intensified their campaign against the status of Orania, a predominantly Afrikaans town of about 3,500 residents, calling it a modern-day ...Published: 13 Apr 2025 at 13:43hrs | 810 | by Staff reporter
Zimbabwe's foreign currency reserves surge as ZiG gains stability
Zimbabwe's efforts to stabilise its local currency, the Zimbabwe Gold (ZiG), have begun yielding tangible results, with the country's foreign currency reserves exceeding US$600 million, the Reserve Ba...Published: 13 Apr 2025 at 12:23hrs | 10208 | by Staff reporter
Banks smile all the way to the bank, while depositors bear cost of high fees
Shareholders in Zimbabwe's banking sector are enjoying robust returns on their investments, as banks continue to post strong profits and declare sizeable dividends. However, concerns are mounting amon...Published: 13 Apr 2025 at 09:46hrs | 627 | by Staff reporter
Nust embarks on high impact projects
The National University of Science and Technology (Nust) has announced plans to launch three major high-impact projects as part of its strategy to achieve self-sustainability, fully utilize human reso...Published: 13 Apr 2025 at 09:39hrs | 137 | by Staff reporter
ZITF urges hotels, lodges to moderate rates
The Zimbabwe International Trade Fair (ZITF) has urged the hospitality industry to reconsider its pricing structure, as exhibitors and visitors have raised concerns over high accommodation rates durin...Published: 13 Apr 2025 at 09:39hrs | 155 | by Staff reporter
Hoarding cash undermines Zimbabwe economy
Stashing cash in safe deposit boxes, a practice often used to secure valuables, is adversely affecting the smooth functioning of the economy by diverting funds away from productive sectors, according ...Published: 13 Apr 2025 at 09:38hrs | 160 | by Staff reporter
Gwanda police thwart brazen ore heist
Police in Gwanda Rural have successfully foiled a daring, movie-style gold ore theft operation, arresting six suspects and impounding equipment worth hundreds of thousands of dollars. The heist was th...Published: 13 Apr 2025 at 09:38hrs | 236 | by Staff reporter
Load More Stories
