Business

The Consumer Protection Commission (CPC) has embarked on an enforcement campaign to crack down on businesses that refuse to accept Point-of-Sale (POS) transactions, making it mandatory for all businesses to allow swipe machine payments. The move is designed to protect consumers and ensure compliance with the country’s financial regulations. POS …

The Zimbabwe National Statistics Agency (ZimStat) is set to commence the listing phase for the 2025 Economic Census next week, marking an important step in the data collection process. This preliminary phase will lay the groundwork for a comprehensive inventory of all business establishments across Zimbabwe. In a statement released …

The Zimbabwe Agricultural Show (ZAS) has officially launched in Harare today, promising a week of innovation, business, and international collaboration. The event, running through Saturday, has filled all 76,000 square meters of exhibition space with over 560 exhibitors, marking a significant expansion from last year’s 410 exhibitors who occupied 53,300 …

In a recent report, Acting Auditor General Rheah Kujinga has raised concerns about the worsening state of governance within Zimbabwe’s state entities, despite notable progress in financial compliance. Kujinga’s 2023 audit reveals a sharp increase in governance-related issues, rising from 170 in 2022 to 310 in 2023, while financial reporting …

A fresh crackdown on illegal currency traders by Zimbabwean authorities has resulted in the arrest of 10 suspects. The operation, a joint effort by the police and the Reserve Bank of Zimbabwe’s Financial Intelligence Unit (FIU), targets illegal money changers nationwide. National police spokesperson Commissioner Paul Nyathi confirmed that the …

President Mnangagwa declared Zimbabwe’s commitment to a phased de-dollarisation strategy, emphasizing the necessity of transitioning away from foreign currencies amid geopolitical tensions. Speaking at the commissioning of a fruit juice and water processing plant, he underscored the introduction of the Zimbabwe Gold (ZiG) currency earlier this year as pivotal to …

The Financial Intelligence Unit (FIU), under the Reserve Bank of Zimbabwe (RBZ), has intensified efforts to enforce compliance with the Zimbabwe Gold (ZiG) currency, particularly focusing on the informal sector. This move comes as part of measures to curb currency manipulation, which has been identified as a threat to the …

Zimbabwe’s upcoming economic census, slated for next year, aims to comprehensively evaluate the nation’s economic landscape by including small, medium, and large businesses, the Zimbabwe National Statistics Agency (ZimStat) has announced. With estimates indicating that 70% of the economy operates informally, ZimStat underscores the need for accurate data to gauge …

The Reserve Bank of Zimbabwe (RBZ) has come under scrutiny for its directives regarding foreign currency (forex) management, with accusations of undue interference in companies’ cash flow operations. Recently, RBZ Governor Dr. John Mushayavanhu stated that companies should prioritize using their foreign currency account (FCA) balances before accessing forex from …

Zimbabwe has asked for public input on cryptoasset operations as it works on regulatory policy for the sector. “In line with global trends and best practices, Zimbabwe is embarking on an exercise to assess and understand the cryptocurrency landscape,” the government said in a statement published in state-run Herald newspaper …