HARARE - Finance Minister Mthuli Ncube addressed Parliament regarding ongoing payment delays to Members of Parliament, which he attributed to “cash constraints.” He emphasized that these financial challenges are not new but have been exacerbated by ongoing issues in...
HARARE - Zimbabwe's diaspora remittances experienced a 6% rise in the first two months of the year, reaching US$352,141,671, up from US$329,571,954 in the same period last year.
This growth is a timely boost to Zimbabwe's economy, according to the...
Talkmore Gandiwa
HARARE - Zimbabwe has signed a double taxation agreement with Switzerland to eliminate double taxation and prevent tax evasion in a development expected to enhance economic cooperation and attract cross-border investments between the two nations.
According to Zimra the country...
Itai Ndongwe
HARARE – The Zimbabwe Investment Development Agency (ZIDA) reported a significant 60% decrease in total investment value in the fourth quarter of 2024 at US$4.6 billion from US$11.5 billion reported in Q4 2023. This decline is attributed to...
Staff Reporter
Harare - Zhengzhou Bus Zimbabwe (Private) Limited, trading as Zhongtong Bus Zimbabwe, has announced that it will suspend its business operations in Zimbabwe.
The decision takes effect from January 14, 2025.
The Chinese bus manufacturing company shared the news through...
Itai Ndongwe
HARARE (FinX) – Zimbabwe Revenue Authority (Zimra) says it will chase a revenue target of US$7.1 billion in 2025, which is up 16.39% from US$6.1 billion in 2024. This will be anchored on an established digitilisation-driven strategy to...
HARARE - Afreximbank and Mutapa Investment Fund (MIF) have launched a US$50 million Joint Project Preparation Facility (JPPF) to support project development in Zimbabwe's key economic sectors.
This initiative aims to mobilise project preparatory funding, creating a robust pipeline of...
Farai Mabeza
HARARE - The chief executive officer of African Risk Capacity Limited (ARC Ltd), Lesley Ndlovu, a Zimbabwean, has been selected as one of Time Magazine’s 100 Most Influential Climate Leaders in Business for 2024.
ARC Ltd is a hybrid mutual...
by Kovedzayi Takawira
Harare - It's a scene of chaos and movement, with everyone eager to retreat to the places they had left in the early morning. Commuter omnibuses and pirate taxis crowd the intersection of Albion and Chinoyi Streets, rumbling...
Pride Mzarabani/Itai Ndongwe
HARARE - The Zimbabwean government and the European Union have signed four financial agreements totalling 75 million euros (more than US$80 million) to support the country's development.
These agreements reinforce the EU's commitment to complement the government's efforts...
