Exchange rate distortions cost Zim over US$4,5bln

Golden Sibanda Zimbabwe’s Treasury may have lost a cumulative US$4,5 billion due to monetary and exchange rate distortions between 2020 and 2023, the World Bank said in a report released…

Africa’s Billionaires 2025 

20 Richest people in Africa in 2025 Africa’s leading billionaires have built their fortunes through groundbreaking innovation, strategic vision, and unwavering resilience. Spanning industries such as manufacturing, mining, telecommunications, and…

Tobacco firm under side marketing scrutiny ahead of selling season

Business Writer With the tobacco season starting next Wednesday, advocacy group, Tobacco Farmer Talk (TFT), has been summoned by the police regarding alleged issuance of loans to tobacco farmers for…

ZSE recovers despite liquidity and geopolitics effects on markets locally and abroad

Tapiwanashe Mangwiro On Tuesday, local markets showed glimpses of recovery, while, global financial markets exhibited mixed performances amid ongoing economic uncertainties and geopolitical tensions. Commodity markets reflected investor caution, with…

Turnaround strategist Zireva bounces back at OK Zimbabwe as CEO

Nelson Gahadza Former OK Zimbabwe’s long-serving chief executive, Willard Zireva, has bounced back to lead the retail giant and lift it from obtaining operational challenges. Zireva previously led the company…

Zimbabwe harnesses ICT as a catalyst for economic development

The Government of Zimbabwe has reaffirmed its commitment to leveraging information and communication technologies (ICTs) as a catalyst for economic growth, development and social progress, an official said Tuesday. Deputy Minister of ICT,…

“Do not be cry-babies,” Zim industry told

Business Writer/NewZiana Zimbabwean businesses should move away from always complaining and start proposing concrete solutions to enhance the country’s economic competitiveness, according to Industry and Commerce Minister Mangaliso Ndlovu. The Minister…

Mozambican airline stops plying Harare route

Business Writer Linhas Aéreas de Moçambique (LAM), the national carrier of Mozambique, has announced the cessation of its regional route to Robert Gabriel Mugabe International Airport, citing significant financial losses.…

Ecocash Holdings to rebrand

Business Writer Econet Wireless Zimbabwe says EcoCash Holdings is in the process of changing its name to remove the reference to EcoCash, as the company no longer owns EcoCash and…

Econet, EcoCash clear air on ownership of fintech businesses

Tapiwanashe Mangwiro In a recent public announcement, Econet Wireless Zimbabwe Limited and EcoCash Holdings Zimbabwe Limited confirmed the completion of a Scheme of Reconstruction, resulting in the transfer of ownership…

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