Business

Zimbabwe Deputy Finance Minister Mnangagwa

Govt to Reveal Detailed De-dollarisation Plan, Says Deputy Finance Minister Mnangagwa

Harare – The Zimbabwean government has announced its intention to formulate a detailed and transparent strategy for gradually phasing out the use of the United States (US) dollar to safeguard its economy and alleviate citizen hardship. The original plan to cease the

November 17, 2023

Business·Crime

Ex-Advisor to Reserve Bank of Zimbabwe Held on Fraud Charges

In a shocking development, Munyaradzi Kereke, a former advisor to the Reserve Bank of Zimbabwe, has been detained on allegations of fraud. The incident also involves Everisto Rukasha, the temporarily relieved CEO of the Harare Municipal Medical Aid Society (HMMAS), with both

November 9, 2023

Business·Zimbabwe

Zimbabwe Faces ZWL$200 Billion Shortfall in Education Assistance Fund

The Zimbabwean government is facing a substantial financial shortfall in its social welfare programme that assists underprivileged and orphaned children with school fees. July Moyo, the Minister of Public Service, Labour and Social Welfare, disclosed a staggering ZWL$200 billion deficit for the

November 9, 2023

Business

Zimbabwe’s Lithium Discovery ‘Could’ Transform the Country’s Economy

The discovery of lithium in Zimbabwe has the potential to transform the country’s economy, but it’s important to be vigilant and ensure that the extraction and sale of the resource is managed in a transparent and responsible manner, and that the benefits

January 22, 2023

Business

Qatar Airways Launches Operations in Zimbabwe, Connecting Lusaka and Harare with 7 Weekly Flights

Qatar Airways has announced that it will begin operations in Zimbabwe on Tuesday, marking the airline’s first landing in the country. The move is part of Zimbabwe’s efforts to open its skies and attract more international airlines as part of its Second

January 17, 2023

Business

Dubai International Chamber Facilitates Expansion of Zimbabwe’s Nhimbe Fresh Exports

The Dubai International Chamber (DIC), a part of Dubai Chambers, has assisted Nhimbe Fresh Exports, a leading vegetable and fruit exporter in Zimbabwe, in expanding its operations. Nhimbe is known for exporting blueberries, strawberries, raspberries, and peas to the US and Europe,

December 30, 2022

Business

Zimbabwe Ranks Among Africa’s Most Advanced Countries

According to a recent survey by Yahoo Finance, global economic analysts have ranked Zimbabwe as the 11th most advanced country in Africa. This ranking is based on the country’s gross income from the informal sector, which has sustained the country’s economy despite

December 27, 2022

Business

Tongaat Hulett Zimbabwe Grinds to a Halt as Employees Strike Over Unfulfilled Wage Promises

Operations at Tongaat Hulett Zimbabwe have come to a halt as approximately 30,000 employees, including contract workers, have stopped working in protest over the company’s failure to review their wages as promised. The workers were promised a quarterly wage review adjusted for

December 23, 2022

Business

Zimbabwe Lifts Ban on Licensed Commuter Operators

Zimbabwe’s Vice President and Health and Child Care Minister, Constantino Chiwenga, has lifted the ban on all licensed commuter operators with immediate effect. The ban, which was implemented in March 2020 as part of COVID-19 lockdown measures, only allowed state-owned Zupco buses

December 22, 2022

Business

CAAZ plagued by new wage disputes as employees protest payment delays

According to inside sources, the Civil Aviation Authority of Zimbabwe (CAAZ) is facing a new wave of salary disputes due to payment delays for ordinary workers, while company bosses receive generous perks. The monthly wage budget of $320,000 for CAAZ’s 250 employees

December 21, 2022

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