Treasury admits withholding payroll-deducted loan remittances as part of a probe into illegal lending, citing excessive interest rates and violations of Zimbabwe’s financial laws ( image source ) HARARE — Treasury has confirmed that it deliberately withheld the remittance of payroll-deducted loan repayments to banks and microfinance institutions for the past four months, saying the move was part of an urgent investigation into widespread violations of lending laws affecting c

Retrenchments at the Zimbabwe Tourism Authority have raised concerns over governance, transparency and labour practices, with staff citing salary delays, procurement issues and declining morale within the state-run body ( image source ) HARARE — The Zimbabwe Tourism Authority (ZTA) has retrenched several senior employees in recent weeks, triggering growing concern among staff over governance standards, transparency and internal procedures at the state-run tourism body. Multip

AMH employees have raised concerns after receiving a once-off US$50 payment following prolonged salary delays, highlighting growing labour and sustainability challenges in Zimbabwe’s private media sector ( image source ) HARARE — Employees at Alpha Media Holdings (AMH), one of Zimbabwe’s largest privately owned media groups, have raised concerns after receiving a once-off US$50 payment ahead of Christmas, following extended delays in salary payments throughout the year. Sever

Zimbabwe’s High Court has ruled that shares issued to Chinese firm Ming Chang Sino Africa Mining in Gwampa Mining were unlawful ( image source ) HARARE — The High Court of Zimbabwe has ruled that shares issued to Chinese mining firm Ming Chang Sino Africa Mining Investment in Gwampa Mining were unlawfully allotted, effectively ejecting the company and its associates from a disputed mining investment agreement. The judgment, delivered by Justice Bongani Ndhlovu of the Commerci

Zimbabwe stands to benefit from a €50 million guarantee facility backing GreenCo ( image source ) HARARE — Zimbabwe is set to benefit from a €50 million guarantee facility aimed at unlocking private investment in renewable energy by improving the bankability of independent power producers (IPPs) across Southern Africa. The facility, announced by renewable energy trader GreenCo in partnership with Impact Fund Denmark (IFDK) and the European Commission, is designed to provide l

Transvaal Africa plans a US$1.05 billion cargo village at Robert Gabriel Mugabe International Airport, aimed at boosting export capacity, creating thousands of jobs and positioning Zimbabwe as a regional trade and aviation hub ( image source ) HARARE — Transvaal Africa has unveiled plans to invest US$1.05 billion in a state-of-the-art cargo village at Robert Gabriel Mugabe International Airport (RGM), a development expected to significantly enhance Zimbabwe’s export logistics

The upgraded Beitbridge Border Post is improving travel efficiency and boosting tourism, offering festive travellers a smoother, welcoming gateway into Zimbabwe ( image source ) BEITBRIDGE — The upgraded Beitbridge Border Post is transforming the travel experience for those entering Zimbabwe, significantly improving efficiency, traffic flow and first impressions of the country, as festive travellers and tourists stream in during the holiday season. The modernised facility, de

ZIMRA has revised the validity of Tax Clearance Certificates ( image source ) HARARE — The Zimbabwe Revenue Authority (ZIMRA) has revised the validity periods for Tax Clearance Certificates (ITF263), easing compliance requirements after sustained concerns from industry over the administrative burden of frequent renewals. Under the new framework, Tax Clearance Certificates issued to large taxpayers will now be valid for six months. Certificates for medium and small taxpayers i

Zimbabwean companies must re-register on the electronic companies registry by April 20, 2026 under SI 108 of 2025 ( image source ) HARARE — Government has set a firm deadline of Friday, April 20, 2026, for all companies and private business corporations to re-register on Zimbabwe’s electronic companies registry, following the gazetting of Statutory Instrument (SI) 108 of 2025 on September 26. Entities that fail to comply risk automatic deregistration and far-reaching legal co

Zimbabwe amends its gold royalty regime after parliamentary debate, limiting the 10% rate to prices above US$5,000 per ounce to balance revenue goals with investor confidence ( image source ) HARARE — Zimbabwe’s Parliament has approved a revised budget bill that adjusts the royalty framework for gold producers, easing earlier proposals that had raised concern among miners and investors. Finance Minister Mthuli Ncube, who presented the 2024 National Budget, had initially propo

Zimbabwe launches parametric livestock insurance in Mwenezi to protect communal farmers from drought and disease, boost financial inclusion and strengthen climate resilience in the Lowveld ( image source ) The government, in partnership with the Insurance Council of Zimbabwe and the Insurance Company of Zimbabwe, has launched a parametric livestock insurance scheme in Mwenezi District aimed at protecting smallholder farmers from climate-induced losses such as drought and dise

OK Zimbabwe chairman Herbert Nkala has stepped down after 13 years as the retailer restructures its board amid mounting debt, declining revenues and turnaround efforts ( image source ) HARARE — After more than a decade of service, Herbert Nkala has stepped down as chairman of OK Zimbabwe Limited, with the retailer’s board announcing that the appointment of his successor will be deferred to a later date. Nkala’s retirement, effective December 11, 2025, comes at a critical time

Zimbabwe has approved a PPP between ZESA Enterprises and Shanghai Jingdao to manufacture switchgears, smart meters and EV chargers, positioning the country as a regional power equipment hub ( image source ) HARARE — Zimbabwe is set to strengthen its energy sector and industrial base after Cabinet approved a landmark public-private partnership (PPP) between ZESA Enterprises and Chinese firm Shanghai Jingdao Electric Company. The agreement will see the establishment of a local

NetOne has appointed Richard Mahomva as Head of Public Relations from January 2026 ( image source ) Mobile network operator NetOne has appointed Richard Mahomva as its new Head of Public Relations, effective 1 January 2026, as the company moves to strengthen strategic communications and public engagement amid intensifying competition in the telecommunications sector. Mahomva joins NetOne from the Ministry of Information, where he currently serves as Director for International

OK Zimbabwe is considering selling an additional US$17,2 million in properties as liquidity pressures intensify, with weak sales, stock shortages and mounting losses threatening the retailer’s recovery ( image source ) Retail giant OK Zimbabwe Limited is considering selling an additional US$17,2 million worth of properties, on top of the US$10,5 million already earmarked for disposal, as it battles deepening liquidity constraints and acute working capital shortages. The finan

Khayah Cement has resumed full production after repairing its kiln, injecting 50 000 tonnes monthly into a cement-starved Zimbabwean market and offering relief to the construction sector ( image source ) Cement production has resumed at Khayah Cement, raising hopes of relief in a market that has been grappling with acute shortages and sharply rising prices. The development was confirmed by corporate rescue practitioner Bulisa Mbano, who told journalists on Wednesday that a ke

A new CZI survey shows deepening dollarisation in Zimbabwe, with over 70% of transactions now in USD ( image source ) The latest Confederation of Zimbabwe Industries (CZI) survey leaves little doubt that Zimbabwe’s much-vaunted de-dollarisation strategy is struggling to gain traction in the real economy. Far from reversing dollarisation, current trends suggest it is accelerating, with both businesses and consumers continuing to demonstrate a strong preference for the United S

The United States signals a shift in relations with Zimbabwe toward trade, investment and policy cooperation ( image source ) Harare — The United States has signalled a strategic shift in its engagement with Zimbabwe, moving from a donor-centric relationship toward one centred on trade, investment and policy cooperation. In a recent interview, US Ambassador Pamela Tremont said Washington intends to pursue a “balanced and partnership-based” approach that prioritises commercial

Ariana Resources reports encouraging early drilling results at Zimbabwe’s Dokwe gold project ( image source ) Harare — Ariana Resources this week reported encouraging early signs from drilling at the Dokwe gold project in Zimbabwe, a development that could bolster investor interest and add momentum to the country’s mineral exploration landscape. Company updates indicate that initial drilling has intersected mineralised zones consistent with the project’s geological model, pro

CCC MP Chalton Hwende calls for a delay to the 2026 Finance Bill debate, citing MPs’ unpaid dues and welfare concerns ahead of Christmas ( image source ) Harare — Kuwadzana East MP Chalton Hwende (CCC) on Thursday moved to delay debate on the proposed 2026 Finance Bill, arguing that the welfare of Members of Parliament has reached crisis levels and that many legislators face a bleak Christmas without urgent intervention. Hwende told the House that a planned joint caucus with