INDUSTRIALS & ENERGY

Varun Beverages is reshaping Zimbabwe's consumer market

WHEN Varun Beverages Zimbabwe began commercial production in January 2018, it had a single production line.Today, the company boasts four backward-integrated lines manufacturing bottle closures and pr...

BUSINESS NEWS

Zimbabwe lifts exchange rate controls

Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability a...

MINING & RETAIL

Zimbabwe's mineral revenues decline despite volume surge

Zimbabwe's mining sector delivered a mixed performance in the first quarter of 2025, with mineral export volumes registering notable growth, but overall revenues falling sharply. This is according to ...

BUSINESS NEWS

Zimbabwe extends duty-free import window for bus operators

The Government has extended the duty-free bus import facility to April 30, 2025, in a move aimed at further revitalising Zimbabwe's public transport system and ensuring affordable, reliable services f...

MINING & RETAIL

Zimbabwe's steel revolution begins

Zimbabwe has taken a major step toward economic transformation and self-sufficiency with the launch of full-scale finished steel production at the Dinson Iron and Steel Company (Disco) plant in Manhiz...

EDUCATION

Zimbabwe police crush UZ lecturers' demonstration

Police once again displayed heavy-handed tactics on Wednesday morning, arresting leaders of a demonstration by University of Zimbabwe (UZ) lecturers who were demanding a salary review. The arrested le...

INDUSTRIALS & ENERGY

Zimbabwe manufacturing sector faces challenges

Industry and Commerce Minister Nqobizitha Ndlovu has called for urgent action to address the challenges stifling the competitiveness of Zimbabwe's manufacturing sector, after new findings revealed tha...

FINANCIAL SERVICES

Zimbabwe to get share of US$300m Afreximbank dividend

The Zimbabwean government is set to receive a significant payout from Afreximbank's recently declared US$300 million dividend, following the bank's exceptional financial performance in the year ending...

BUSINESS NEWS

New policy to cut Zimbabwe's energy intensity

The Government of Zimbabwe has launched the National Energy Efficiency Policy, a new initiative aimed at reducing the country's energy intensity to meet global standards. The policy, introduced last w...

INDUSTRIALS & ENERGY

Belarus to establish bus and tractor assembly plant in Zimbabwe

Belarus is set to establish a bus and tractor assembly plant in Zimbabwe by December 2025, further cementing the growing ties between the two nations. This announcement was made by Mr Pearson Chigiji,...

BUSINESS NEWS

Busisa Moyo inducted into Zimbabwe business hall of fame

Renowned industrialist and business leader Mr Busisa Moyo has been inducted into the Zimbabwe Business Hall of Fame 2025, a prestigious honour recognising his exceptional contribution to Zimbabwe's ec...

BUSINESS NEWS

Zimbabwe's ZiG currency risks extinction stoked by policy choices

Zimbabwe's ZiG is heading toward failure, not through rapid devaluation, but through growing irrelevance, according to Imara Asset Management, the country's oldest independent brokerage.Unlike past cu...

POLITICS

Zimbabwe orders immediate eviction of illegal rural land occupiers

The Government has issued a stern warning to all individuals occupying State land illegally, particularly in rural areas, demanding that they vacate such land immediately or face prosecution under the...

MINING & RETAIL

Zimbabwe firm seeks protection from asset seizure over US$93m debt

A state-owned Zimbabwean mining firm is trying to protect assets that risk being seized because the country failed to honour a US$93 million debt incurred when it lost an international arbitration cas...

LANDS & AGRICULTURE

Zimbabwean avocado gains traction among Chinese importers

CHINESE importers have positively reviewed the quality and output of Zimbabwean avocados and are committed to helping local farmers tap into the Chinese market, a Chinese trade specialist has said.Spe...

LANDS & AGRICULTURE

Zimbabwe-China tobacco expo to be held in third quarter

ZIMBABWE will hold the first Zimbabwe-China tobacco expo in the third quarter of this year to promote the country's tobacco, the country's industry regulatory body, the Tobacco Industry and Marketing ...

LANDS & AGRICULTURE

Zimbabwe to get fair harvest, says WFP

The United Nations World Food Programme (WFP) has forecast a favorable harvest for Zimbabwe in the 2024/25 cropping season, bringing much-needed relief to the nation as rainfall patterns show improvem...

INDUSTRIALS & ENERGY

Zimbabwe to produce solar panels, lithium batteries

Zimbabwe is set to begin large-scale manufacturing of solar panels and lithium batteries as part of a bold new initiative to boost the country's renewable energy sector. The development follows the re...

POLITICS

Zimbabwe's new MPs to declare assets

All newly sworn-in Members of Parliament (MPs) have a deadline of November 7 to submit their financial interests lists to Parliament, as mandated by the Constitution and Parliament's standing rules an...

FINANCIAL SERVICES

European Investment Bank warms up to Zimbabwe

The European Investment Bank (EIB) has availed about €40m to Zimbabwe banks within a year, which will go towards bailing out the country's SMEs and mid-cap companies, in a vote of confidence in the ...

ZIMBABWE

Zimbabwe abandons debt relief initiative

The Zimbabwe government has abandoned its plan to access a debt relief facility under the Highly Indebted Poor Countries (HIPC) initiative, meant to resolve its unsustainable debt, Business Times repo...

ZIMBABWE

Inflationary pressures choke Zimbabwe industry

A rising bout of inflation is posing a severe threat to Zimbabwe's industries amid growing fears most companies will struggle to restock, which could potentially trigger a significant reduction in pro...

BUSINESS NEWS

Zimbabwe has sufficient water for winter irrigation

The Zimbabwe National Water Authority (ZINWA) has said the country's dams have sufficient water to meet the winter cropping irrigation needs.ZINWA spokesperson, Marjorie Munyonga told Business Times t...

MINING & RETAIL

Zimbabwe govt bails out Hwange

The government has issued US$112m worth of Treasury Bills to settle debts owed by Hwange Colliery Company (HCCL), Business Times reported.Government is the biggest shareholder in HCCL with a 37% stake...

Nestlé Zimbabwe fosters Agripreneurship

Food and beverages concern, Nestlé Zimbabwe, says its National Dairy Empowerment Scheme (NDES) has evolved to focus on agripreneurship as it seeks to scale up output and build competences in farmers....