Global commodity prices set for 12% decline in 2025: World Bank

Pride Mzarabani HARARE – Global Commodity prices are set to fall sharply this year by about 12 percent overall, as weakening global economic growth weighs on demand. Next year 2026, commodity prices are projected to...

RBZ joins World Bank’s Reserve Advisory & Management Partnership

Itai Ndongwe HARARE - The World Bank has announced the Reserve Bank of Zimbabwe (RBZ) as the latest member of the Reserve Advisory & Management Partnership (RAMP). The RBZ joined RAMP through a World Bank Group...

TIMB dismantles tobacco buying syndicate at TSF

Itai Ndongwe HARARE - The Tobacco Industry and Marketing Board (TIMB) has uncovered and dismantled sophisticated corruption and collusion syndicates operating within the tobacco marketing system in a bold move to safeguard the integrity of...

Zim, China to hold inaugural tobacco expo, YTD exports now at US$309m

Itai Ndongwe HARARE- The Tobacco Industry and Marketing Board (TIMB) says tobacco exports have reached impressive numbers, with 48 million kilograms of tobacco worth over US$309 million exported to date A significant portion of these exports,...

Caledonia sells Zimbabwean solar operator subsidiary

HARARE - Caledonia Mining Corporation, through its Zimbabwean subsidiary Caledonia Mining Services (Private) Limited, announced the completion of the sale of its solar plant to CrossBoundary Energy Holdings ("CBE") for US$22.35 million. This strategic...

Govt Rolls Out Revised Compensation Agreement for Former Landowners

HARARE - The Government has initiated the process of compensating white former commercial farmers whose properties were acquired under the Land Reform Programme, marking a crucial step forward in addressing this enduring issue and...

GMB reviews producer prices for 2024/25 season

HARARE - The Grain Marketing Board (GMB) has announced the approved producer prices for the 2024/25 season, along with the winter wheat incentive planning prices. The price of maize per tonne has decreased by 3.5%...

Govt promises to clear contractor arrears after agreeing payment plans

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...

Palestine Condemns Escalating Israeli Attacks

  By Staff Reporter The Embassy of the State of Palestine is deeply appalled and outraged by the escalation of Israel's airstrikes on Gaza, which now include the use of highly destructive bombs. Over the past...

Caledonia Mining exploring promising opportunities at Bilboes

HARARE- Caledonia Mining says it is extending the Bilboes project Feasibility Study's deadline to explore opportunities that may improve the project's financial returns and decrease the necessary capital expenditure. The Bilboes project's feasibility study, handled...