ZCTU declares 2024 a “horrible year” for workers
By Takudzwa Changadeya Harare – The Zimbabwe Congress of Trade Unions (ZCTU) has described 2024 as a “difficult year for workers,” calling it an “annus horribilis” due to the severe challenges faced by Zimbabwean workers. In a Christmas and New Year message released on December 20, the ZCTU lamented the lack of improvements in workers’ […]
Biti slams Mutapa Fund as “backdoor privatisation,” warns of resource mismanagement
By Takudzwa Changadeya Harare – Former Finance Minister Tendai Biti has sharply criticized Zimbabwe’s Mutapa Investment Fund (MIF), accusing it of enabling “backdoor privatisation” of the country’s key state-owned enterprises while lacking accountability and oversight. The Mutapa Investment Fund, formerly known as the Sovereign Wealth Fund of Zimbabwe, has been the center of several controversies […]
Zimbabwe introduces “fat tax” and gambling levies as government seeks new revenue streams
By Staff Reporter Harare – Finance Minister Mthuli Ncube unveiled a series of new taxes on Thursday, including a “fast food fat tax,” levies on betting winnings, and stricter tax compliance measures for small businesses, as the government seeks innovative ways to boost revenue amid fiscal challenges. In his 2025 national budget statement, Ncube […]
Vice president Chiwenga officially opens Regional Construction Industry
By Staff Reporter Harare – Vice president Constantino Chiwenga, on Thursday morning officially opened the innagural Regional Construction Summit in Victoria Falls. Hosted by Zimbabwe Builders Construction Association (ZBCA), the summit has attracted delegates from across the region, amongst them are representatives from South Africa and Zambia construction associations members. Runnimg under the theme Leveraging […]
Zimbabwe’s power crisis casts shadow over national budget presentation
By Staff Reporter Harare – President Emmerson Mnangagwa exited the New Parliament Building in darkness after attending the 2025 National Budget presentation by Finance Minister Mthuli Ncube. The blackout occurred as Ncube concluded his budget speech in Mt Hampden, just outside Harare. The outage, which plunged the entire Parliament precinct into darkness, highlighted […]
National Foods moves to delist from VFEX amidst liquidity challenges
By Business Correspondent Harare – National Foods, the nation’s leading food producer, has announced its intention to delist from the Victoria Falls Stock Exchange (VFEX). The decision comes as the company no longer requires additional capital from public equity markets. The VFEX, launched in 2020, was initially envisioned as a platform for companies to raise […]
Zimbabwe seeks debt relief and economic revival
By Staff Reporter Harare – President Emmerson Mnangagwa hosted a crucial meeting on Monday with creditors and financial executives to discuss a bold plan to clear the nation’s $12.7 billion external debt. This significant step aims to pave the way for the country’s re-entry into international capital markets after more than two decades of isolation. […]
ZCBA sets stage for regional Construction Summit
By Staff Reporter Harare – The Zimbabwe Builders Constructors Association (ZCBA) has outlined an ambitious agenda for its inaugural regional summit, scheduled to take place in Victoria Falls from November 27th to 29th. ZCBA CEO, Joyline Zindanga, highlighted the summit’s primary focus: maximizing the potential of public-private partnerships (PPPs) within the construction sector. “At the […]
Zimbabwe’s energy crisis deepens, crippling businesses
By Business Correspondent Harare – Zimbabwean businesses are once again grappling with the crippling effects of electricity outages, as low water levels at the Kariba Dam have forced a reduction in power generation. Frequent breakdowns at the coal-fired Hwange Thermal Power Station have compounded the problem, severely impacting economic productivity. Across the country, companies including […]
EcoSure resolves dispute with grieving family after coffin dumping incident
By Staff Reporter Rusape – EcoSure, a leading funeral service provider underwritten by Econet Life, has resolved a dispute with a bereaved family who had left a coffin at one of its branches after a denied funeral claim. The incident, which occurred on November 2, 2024, at the EcoSure Rusape outlet, sparked widespread public outrage […]
