Zimbabwe will hike royalties on gold producers as it moves to take advantage of recent record high bullion prices, a 2026 national budget speech showed on Thursday. As part of a raft of revenue measures aimed at boosting state income and supporting local industry, gold miners will pay a 10% …
Read More »Govt Moves to Ease Cement Shortages
The government has stepped in to stabilise the cement market, granting private players permission to import the product as local shortages continue to push prices beyond the reach of many Zimbabweans. Over the past weeks, the price of a 50kg bag of cement has shot up from about US$10 to …
Read More »OK Zimbabwe May Need to Shut Down 20 More Stores Amid Deepening Financial Strain
OK Zimbabwe Limited has closed 11 stores in a sweeping consolidation effort aimed at stemming mounting losses and alleviating liquidity pressures. The move, which includes the closure of three Food Lover’s Market outlets, reduces the group’s national footprint to 62 stores. However, analysts warn that deeper cuts may be necessary …
Read More »Cimas Sets the Stage for Inaugural @80 Media Awards in Bulawayo
By Judith Matanire Cimas Health Group says all is in place for the inaugural Cimas @80 Media Awards, set to take place tonight at Cresta Churchill Hotel in Bulawayo, as the organisation marks eight decades of service to Zimbabwe’s health sector. Launched in September and backed by the Zimbabwe Union …
Read More »Zimbabwe Raises the Bar as Mnangagwa Commissions Giant Tobacco Plant
President Emmerson Mnangagwa has hailed the commissioning of a massive new expansion at Cut Rag Processors as a clear signal of Zimbabwe’s accelerating industrial rebound, saying the investment positions the country as a serious player in high-value tobacco manufacturing. The multi-million-dollar facility — now the largest tobacco processing plant on …
Read More »Four Killed, 13 Injured in Munenzva Bus Crash
Four people have died and at least 13 others were seriously injured after a Cape Town–bound Munenzva bus was involved in a fatal accident at the 155-kilometre peg along the Masvingo–Beitbridge Road yesterday. The bus, which was carrying 27 passengers including crew members, reportedly overturned and landed on its roof …
Read More »All Set For Zim Gold Investment Conference
The Zimbabwe Gold Investment Conference 2025 is scheduled to convene in Harare November 17 to November 18th bringing together global finance leaders, institutional investors and senior government officials to unlock the nation’s vast underexplored gold potential. Organised at a crucial time for the country’s mining economy, the conference aims to …
Read More »Dangote’s Billion-Dollar Push Triggers Diplomatic Reset in Southern Africa
A decade after his first failed attempt to crack the Zimbabwean market, Africa’s richest man Aliko Dangote has returned — and this time, he appears to have brought more than capital. His whirlwind regional tour, which included meetings with Zambian President Hakainde Hichilema and a billion-dollar signing ceremony with Zimbabwean …
Read More »Job Sikhala Granted Bail in South Africa Over Explosives Case
Former legislator and opposition activist Job Sikhala has been granted R10 000 bail by the Pretoria Magistrates Court following his arrest in South Africa on allegations of possessing explosives. Sikhala, 53, was arrested alongside his 78-year-old uncle, Alexander Ferrowst Thema, and the pair are expected back in court on February …
Read More »Aliko Dangote Signs Over US$1 Billion Investment Deal With Zimbabwe
Africa’s richest man, Aliko Dangote, has sealed a landmark multi-sector investment deal worth more than US$1 billion with the Zimbabwean government — a move that signals renewed investor confidence in the country’s economic reforms. Dangote, who boasts an estimated net worth of US$25 billion, arrived in Harare yesterday morning to …
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