ONE of the country’s leading hotels, Elephant Hills Resort, in Victoria Falls will close its doors in November 2026 for an 18-month refurbishment and rebranding programme. It would reopen in the second quarter of 2028. In a statement yesterday, African Sun Limited, the hotel’s operator, said the multimillion-dollar project would mark a significant milestone in…
AS the Zimbabwe Warriors prepare for their challenging AFCON 2025 Group B campaign against regional rivals South Africa, Angola, and continental giants Egypt, the host nation, Morocco, has stressed that its readiness to stage the tournament…
The Agricultural and Rural Development Authority (ARDA) has strengthened its position as a key player in Zimbabwe’s food security efforts after contributing 50 percent of this year’s winter wheat harvest.…
THE third edition of the State of the Service Economy Survey (SOSES) will take place at the Hyatt Regency Hotel in Harare tomorrow at a ceremony expected to be attended…
TREASURY says financial crimes, such as fraud, smuggling, tax evasion, illicit deals in precious stones, metals, and drugs, are on the increase, disenfranchising public coffers of much-needed revenue. This comes as the latest data from the Financial Intelligence Unit shows that Zimbabwe lost an estimated US$6,15 billion in illicit proceeds from financial crimes between 2019…
ZIMBABWE expects a new, lower yield curve for its gold-backed ZiG currency to take shape in 2026 as inflation falls sharply, with a pivotal bond-auction system scheduled to begin in January. A yield curve plots interest rates on government bonds of varying maturity, showing how short-term and long-term borrowing costs relate within an economy. Presenting…
ZIMBABWE is positioning itself to join the global boom in call centre and outsourced business services, with the government announcing a suite of tax incentives designed to lure investors into the Business and Knowledge Process Outsourcing (BKPO) sector. Presenting the 2026 national budget, Finance minister Mthuli Ncube last week said the country was “responding to…
THE government says all foreign currency-denominated assets will be safeguarded during the transition to a ZiG-anchored mono-currency system, allaying fears of financial losses in previous currency shifts. According to the 2026 national budget, the ministry of Finance said the transition to a mono-currency system will not impact existing foreign currency accounts, US dollar-denominated financial instruments,…
ZIMBABWE fell significantly short of its 2025 development assistance target, receiving only US$386,1 million between January and September, well below the planned US$500 million, according to the latest Treasury data. Bilateral partners provided US$240,77 million, or 62,3 percent of total inflows, while multilateral institutions disbursed US$145,33 million, representing 37,7 percent. The decline in Western support,…
THE government says the computerised Mining Cadastre Information Management System is now 90 percent complete and is scheduled for commissioning in the first quarter of 2026. The development marks a significant step toward transparency and streamlining the nation’s mining rights administration. Minister of Finance Mthuli Ncube said the system is critical for enhancing the ease-of-doing-business…
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