Shortage of platinum could be good news for Zimbabwe

May 17, 2023

The world platinum industry expects a shortage of the metal this year – and that is good news for Zimbabwean…

Zimbabwe dollar drops to $1 404.80 to the US dollar but black market now at $2 950

May 16, 2023

The Zimbabwe dollar today fell by $192.26 against the United States dollar to average $1 404.8039 but this is way…

African Development Bank to help raise US$3.5 billion to compensate white Zimbabwe farmers

May 16, 2023

The African Development Bank plans to help Zimbabwe raise US$3.5 billion needed to compensate white farmers evicted from their land…

Bikita Minerals stops work for 7 days to address concerns raised by the government

May 15, 2023

Bikita Minerals says it is halting operations for a week to address “administrative concerns”, potentially delaying a US$200 million investment…

Only 11 basic goods exempted from import duty and tax listed but business concerned

May 13, 2023

The government has scrapped import licences as well as duty and tax on 11 basic commodities but business is already…

Zimbabwe gold-backed digital tokens mop out $14 billion

May 13, 2023

Gold-backed digital tokens which were introduced this week as one of the measures to shore up the local currency mopped…

Dollarisation will shrink Zimbabwe economy, warns Delta

May 12, 2023

Delta Beverages, one of Zimbabwe’s largest public corporations, says increased dollarisation may cripple economic growth this year.  The country’s biggest…

Zimbabwe lifts all restrictions on importation of basic goods, scraps 15% surrender requirement on domestic sales in foreign currency

May 11, 2023

Zimbabwe has lifted all restrictions on the importation of basic goods which means that import licences are no longer required…

Petition to Parliament to summon person thought to be Mnangagwa’s spokesman thrown out

May 11, 2023

A petition from the Media Alliance of Zimbabwe requesting Parliament to summon the owner of a twitter account under the…

Can WestProp survive the loss of Pomona City?

May 11, 2023

A Tuesday, 9 May, High Court ruling, which cancelled the transfer of Stand 654 Pomona to WestProp Holdings where the…