THE Confederation of Zimbabwe Retailers (CZR) has pledged to work closely with the government to ensure that recently announced reforms to ease the cost of doing business are fully implemented and benefit all stakeholders. In a statement yesterday, CZR president Denford Mutashu commended the government for taking bold steps to reduce regulatory burdens, streamline permits,…
THE government has deferred its plans to introduce a wealth tax on affluent citizens, until the necessary legal and administrative framework is in place. This comes after Finance minister Mthuli Ncube introduced a one percent wealth tax in his 2024 national Budget, saying at the time that the country’s tax system benefited the rich at…
NEDBANK Zimbabwe has expanded its footprint with the opening of a new branch at Greenfields Complex in Harare, in a move the bank says will boost financial inclusion while accelerating a shift towards digital-first banking. Speaking at the launch of the branch in Harare yesterday, Nedbank executive head of sales and business origination Heresy Herry…
AIR Zimbabwe is set to dispose of two of its Boeing 777 aircraft parked at Robert Gabriel Mugabe (RGM) International Airport, having invited international bidders for the sale. The Boeing 777 is a long-haul passenger aircraft offering various seating configurations, including business, premium economy, and economy classes. “Disposal of 2X B777-200ER aircraft in an ‘AS…
POWER utility Zesa has announced that Unit 3 of Hwange Thermal Power Station, which generates 120 megawatts (MW), has been taken off the grid for statutory maintenance, further compromising the country’s electricity supply. The planned outage, which began on Wednesday, will last 44 days. Figures from Zesa subsidiary, the Zimbabwe Power Company, yesterday showed that…
DIVERSIFIED financial services provider Old Mutual Zimbabwe has urged businesses to embrace innovation and leverage technology to stay competitive and aligned with changing market dynamics. Speaking at the Better Future Summit held in Harare yesterday, Old Mutual Zimbabwe group chief executive officer, Sam Matsekete, said a forward-thinking approach was critical for sustainability. “As businesses, we…
THE Victoria Falls Safari Collection, operated by the Africa Albida Tourism hospitality group, has once again cemented its leadership in Zimbabwe’s tourism sector with a stellar performance at the 2025…
THE government should create a level playing field for the formal and informal sectors to complement each other in creating employment, OK Zimbabwe (OK Zim) chief executive Willard Zireva has said.Zireva, who is tasked with turning around the fortunes of the country’s largest grocery-chain by store footprint, however believes that the formal sector should be…
A MAJOR Qatar conglomerate’s recent US$19 billion investment pledge to Zimbabwe will lift the local economy, provide much-needed financing for key infrastructure and boost jobs, economists say.This comes as the promised pot of gold for the country from the Sheikh Mansour bin Jabor bin Jassim Al Thani-led Al Mansour Holdings is earmarked for projects that…
ZIMBABWE’S diesel consumption jumped 25 percent in the first seven months of 2025 compared to the same period in 2024, highlighting rising fuel demand across the economy, latest data from the Zimbabwe Energy Regulatory Authority (Zera) shows.Between January and July 2025, diesel uptake reached 759,9 million litres, up from 605,55 million litres consumed during the…
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