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 […]
BancABC accused of fabricating charges to avoid US$6 million retrenchment payments
By Staff Reporter Harare – BancABC is embroiled in a controversy, facing accusations of concocting charges against at least nine top executives to avoid paying substantial retrenchment packages. According to sources, the bank’s current Managing Director, Tawanda Munaiwa, is spearheading a controversial restructuring process that involves fabricating offenses to terminate contracts of senior managers. This […]
Bitumen secures cabinet apo for Beitbridge-Vic Falls road upgrade
By Staff Reporter Harare – The Zimbabwean government has given the green light to Bitumen World to commence reconstruction work on key sections of the heavily damaged Beitbridge-Bulawayo-Victoria Falls Road. Under a public-private partnership, the renowned civil engineering company will recoup its costs through road toll fees. Information minister Jenfan Muswere, announced this development during […]
UK: Zimbabwe Accountants International partners with Diaspora Insurance for financial security
By Staff Reporter United Kingdom – The Zimbabwe Accountants International (ZAI) has announced a strategic partnership with UK-based risk solutions firm, Diaspora Insurance. This collaboration aims to bring financial security to over 1,200 accounting professionals worldwide. Established in 2022, ZAI is a global network of Zimbabwean accountants, uniting members from regions including South Africa, Dubai, […]
