By the end of March, the Zimdollar had plummeted to US$1:ZW$22 055,47, down from US$1:ZW$6 104,72 at the end of 2023.
Local News
By Tatira Zwinoira
Dec. 20, 2024
The rabbit breeding industry in Zimbabwe in 2024 has shown steady growth, with an increasing number of farmers transitioning to commercial production.
Local News
By Mthandazo Nyoni
Dec. 20, 2024
When the government retired the Zimbabwe dollar and introduced the Zimbabwe Gold (ZiG) currency in April, it brought a glimmer of hope.
Local News
By Tafadzwa Mhlanga
Dec. 20, 2024
Chidhakwa was abducted in Harare’s Central Business District on November 22, 2023, by unknown assailants.
Local News
By Miriam Mangwaya
Dec. 20, 2024
The weakening ZiG has also raised the cost of doing business in terms of increases in taxes, fees, and regulatory costs, as well as production and servicing expenses.
Local News
By Tafadzwa Mhlanga
Dec. 20, 2024
As another year draws to a close, it leaves behind a series of gripping and unforgettable moments that defined its course.
One of the year’s highlights was President Emmerson Mnangagwa’s assumption of the Southern African Development Community (Sadc) chairmanship.
Local News
By Tinashe Kairiza
Dec. 20, 2024
Zimbabwe Stock Exchange-listed OK Zimbabwe, with a countrywide network of about 60 branches, raised concerns last year over the weight of challenges confronting the sector.
Local News
By Mthandazo Nyoni
Dec. 20, 2024
In Botswana, Duma Boko of the Umbrella for Democratic Change stormed to power, ending the Botswana Democratic Party (BDP)’s 50-year stranglehold on power.
Veritas warned that the changes enable authorities to use assets from over 30 state entities under the Mutapa Investment Fund (MIF) as loan security.
Local News
By Tafadzwa Mhlanga
Dec. 20, 2024
The tender, if executed, could have averted the sewerage crisis that has now poisoned the lake, killed wildlife and put Harare’s 1,3 million residents at grave risk.
Trump, now serving his second term, is set to be inaugurated on January 20 after defeating Democratic candidate Kamala Harris in a historic political comeback.
I have had the wonderful opportunity to interact with my peers from all over the world, who are also working on the most pressing challenges that mankind is facing.
Local News
By Lesley Ndlovu
Dec. 13, 2024
The beneficiaries earmarked include pensioners, depositors, ex-farm workers, and beneficiaries of the social welfare fund, among others.
Local News
By Freeman Makopa
Dec. 13, 2024
According to Biti, macro-economic projections forecast by Ncube were unattainable.
Local News
By Freeman Makopa
Dec. 13, 2024
This marks the second consecutive year that the state-run entity has been flagged for fiscal mismanagement.
Local News
By Tinashe Kairiza
Dec. 13, 2024
He said the banking sector should come up with instruments to deepen the financial markets, thereby providing more liquidity.
Local News
By Mthandazo Nyoni
Dec. 13, 2024
This effort is part of the bank's Intra-African engineering, procurement, and construction (EPC) promotion initiative.
Local News
By Melody Chikono
Dec. 13, 2024
The bank excelled in critical performance metrics, including profitability, operational efficiency, cash flow management, and shareholder value creation.
Local News
By Melody Chikono
Dec. 13, 2024
The cascading setbacks cast doubt on the growth measures outlined in the 2025 National Budget, threatening to derail recovery efforts and deepen Zimbabwe’s economic woes.
Local News
By Shame Makoshori
Dec. 13, 2024
Foreign currency deposits surging 13% to US$2,64 billion in October 2024 compared to the same period last year
Local News
By Mthandazo Nyoni
Dec. 12, 2024
This translated to about ZiG6,1 billion budget deficit.
Cottco is facing challenges of low production and low productivity, increased cost of doing business and threat of side marketing.
Local News
By Mthandazo Nyoni
Dec. 6, 2024
He said contractors may be settling for higher prices to ensure that they remained in profit at the end of big projects.
Local News
By Melody Chikono
Dec. 6, 2024
“Women are enemies to their own progress; they do not believe in themselves, let alone in the capabilities of fellow women,” Khupe remarked.
Local News
By Memory Rasa
Dec. 6, 2024
Assistant editor Shame Makoshori has been promoted to deputy editor.
Local News
By The Zimbabwe Independent
Dec. 6, 2024
“Health spending as a share of total government expenditure is an indicator of the priority given to health,” Rusike said.
Local News
By Gamuchirai Nyamuziwa
Dec. 6, 2024
Mnangagwa's constitutionally-mandated tenure is supposed to end in 2028 at the completion of his second and final term in office.
“While this figure reportedly provides more than three times the reserve money cover, it pales compared to the country's import needs.
Local News
By Freeman Makopa
Dec. 6, 2024
It is an annual survey published by the Zimbabwe Independent in partnership with First Capital Bank.
Local News
By Tafadzwa Mhlanga
Dec. 6, 2024
State-owned enterprises, often beneficiaries of state-guaranteed loans, have faced challenges in repaying debts, adding strain to Treasury’s obligations.
Local News
By Shame Makoshori
Dec. 6, 2024
The summit was itself marred by Sadc’s decision to congratulate Mozambique for its October polls, even as disturbances rocked cities.
Local News
By Tinashe Kairiza
Nov. 29, 2024
We believe for us to create long-term shareholder value, long-term sustainable value, ESG issues must be considered right from the onset.
Local News
By Mthandazo Nyoni
Nov. 29, 2024
So, what that means is this is a really potential sector to drive the growth of the overall gross domestic product.
Local News
By Julia Ndlela
Nov. 29, 2024
The new measures announced yesterday came as the 2025 allocation for employment costs reached ZiG152,6 billion, exceeding the fiscal rule threshold.
Local News
By Freeman Makopa
Nov. 29, 2024
The plunder of precious minerals like gold and diamonds is a topical issue in Zimbabwe.
Local News
By Julia Ndlela
Nov. 29, 2024
However, many of these benefits have since been removed, making the bourse less attractive.
Local News
By Tafadzwa Mhlanga
Nov. 29, 2024
They also want the Reserve Bank of Zimbabwe to end quasi-fiscal operations.
Local News
By Melody Chikono
Nov. 29, 2024
This year, the economy is expected to grow by 2%.
Local News
By Tinashe Kairiza
Nov. 29, 2024
This view was shared by the ZNCC and the Confederation of Zimbabwe Retailers.
Local News
By Melody Chikono
Nov. 29, 2024
Led by Douglas Mahiya, national secretary in the ruling Zanu PF’s War Veterans League, the group reminded Time Bank that liberators
Local News
By Freeman Makopa
Nov. 29, 2024
But, what the JSC has done is mobilise some funding for just out-of-pocket expenses to enable lawyers to travel and deal with the pro Deo system.
Local News
By Tafadzwa Mhlanga
Nov. 22, 2024
It is not meaningful to have a balanced budget which is (strong) on the revenue base. This is because, in particular, the private sector will be feeling the impact. That will be a bad balance.
Local News
By Freeman Makopa
Nov. 22, 2024
Historically, Bulawayo was the industrial hub of Zimbabwe employing thousands of the country’s workforce and producing a range of products.
Local News
By Nizbert Moyo
Nov. 22, 2024
In 2021, Research firm Econometer Global Capital said the suspension of Old Mutual was unjustified.
Local News
By Freeman Makopa
Nov. 22, 2024
Archer added that the new investment will create additional employment opportunities in Zimbabwe’s foremost tourism destination.
Local News
By Tinashe Kairiza
Nov. 22, 2024
This has been compounded by high level rural to urban migration by thousands of youths seeking opportunities in Harare’s last remaining firms.
Local News
By Julia Ndlela
Nov. 22, 2024
Marange became a flashpoint of looting and shocking human rights violations from 2006, following huge discoveries that attracted thousands of artisanal miners.
Local News
By Gamuchirai Nyamuziwa
Nov. 22, 2024
Since then, indications of potential changes to Zimbabwe’s functional currency have always ended in trepidation.
Local News
By Gamuchirai Nyamuziwa
Nov. 22, 2024
It was one of Mnangagwa’s first major assignments since taking over as chairman in August.