Mutashu pens a letter to Mthuli

Harare - The Confederation of Zimbabwe Retailers (CZR) has written to the government appealing for the swift implementation of the zero-rating of Value Added...

Cicada Solar secures US$10m facility

Cicada Solar, a leading provider of renewable energy solutions in Zimbabwe, secured a significant boost to its operations with a US$10 million long term...

Supreme Court Rules in Favor of Competition Tariff Commission in Profeeds...

HARARE (FinX) -  In a significant ruling, the Supreme Court of Zimbabwe has upheld the appeal of the Competition Tariff Commission (CTC) against a...

Tourism receipts rise 15% to US$252m in Q2

HARARE (FinX) -  Tourism receipts are estimated to have increased by 15% to US$252 million in the second quarter of 2024 from US$220 million...

Banks sound alarm on latest currency measures, warn of liquidity crunch

HARARE (FinX) - The Bankers Association of Zimbabwe has said that the Reserve Bank of Zimbabwe should consider staggering the increase on statutory reserves,...

Bilboes potentially can be Zimbabwe’s biggest gold mine

MINING AFRICA REVIEW - A recently released Preliminary Economic Assessment (PEA) has confirmed that Caledonia Mining’s Bilboes project has the capacity to produce 150...

Zimplats has invested over US$12 bln in operations since 2003

Zimplats, Zimbabwe's largest platinum group metals (PGMs) producer, has invested over US$12 billion since FY2003 to expand and modernise its mining operations, and this...

Irked residents condemn gravel extraction on Warren Hills

Talkmore Gandiwa On the top of a hill, bulldozers and caterpillars manoeuvre, slicing off chunks of the mountain’s remaining sections almost approaching an enormous concrete...

Zimbabwean Truck driver arrested for Smuggling bleaching creams in SA

Musina; South Africa - A Zimbabwean national Anolt Tafa, appeared before a South African Magistrate for charges of contravention of the Medicines and Related...

PowerTel seeks US$30 mln to expand regional footprint

Itai Ndongwe  HARARE - PowerTel is looking to expand its southern African footprint through a US$30 million investment, as it seeks to boost foreign currency...

Zambian Breweries launches Eagle Extra 

LUSAKA, ZAMBIA – Eagle Extra is the new bold addition to Zambian Breweries’ Eagle beer portfolio. Eagle Extra stands out as a well-crafted, distinct tasting beer...

Download: August milk production figures

Milk production Figures Jan-Aug 2024 HARARE - In the first eight months of this year, Zimbabwe produced 75.2 million litres of milk, a 19.3% increase from...

RBZ injects more US dollars into foreign currency market

Terrence Kurira The Reserve Bank of Zimbabwe (RBZ) has injected a total of US$64 million into the interbank foreign exchange market to address pipeline demand...

Govt to launch multi-million dollar loan fund to formalise ASM sector

Itai Ndongwe/Pride Mzarabani  The Zimbabwean government is launching a critical push to revitalise its small-scale gold mining sector, with a $10 million investment aimed at...

Unilever seeks local distributor for products

HARARE (FinX) - British multinational Unilever says it is reviewing its route to market model in Zimbabwe by using a local partner to distribute...

Nestle to sell iconic Cremora brand, Harare ops to cease production

HARARE (FinX) - Nestlé East & Southern Africa Region (ESAR) has announced its decision to divest its NESTLÉ CREMORA business, a creamer brand that has been...

SECZim Issues New Directive for Enhanced Financial Disclosures

HARARE (FinX) – In a significant move to bolster transparency and accountability within the financial sector, the Securities & Exchange Commission of Zimbabwe (SECZim)...

First Capital Bank closes Harare St branch

Talkmore Gandiwa HARARE - First Capital Bank has announced the closure of its Harare Street branch effective September 21, 2024. This will be the second First...

RBZ tightens forex trade in new exchange control guidelines

Pride Mzarabani HARARE - The Reserve Bank of Zimbabwe has issued Exchange Control Circular No. 3 of 2024 which seeks to tighten controls on foreign...

US Launches the Fifth Academy for Women Entrepreneurs

By Talkmore Gandiwa The United States Embassy in Zimbabwe officially launched its 2024 Academy for Women Entrepreneurs (AWE), a program designed to support women in...