Finance Minister Mthuli Ncube has ended subsidies for maize and wheat, a move meant to cut costs, but set to further drive up the cost of staples for already pressed Zimbabwean consumers. Ncube...
Finance Minister Mthuli Ncube has tempered his economic growth expectations for 2020, forecasting the economy to recover 3%, lower than his initial projection of 4.6%. The economy is still expected to shrink by 6.5% this...
Mthuli Ncube has one job when he walks up to the mic in Parliament to present the 2020 budget; put money into the pockets of consumers. The Finance Minister will not have missed the news...
Zimbabweans are spending less on beer and soft drinks as inflation erodes incomes, according to the latest trading update from Delta, the country’s largest brewer and beverage maker. Drinkers consumed 40% less beer in the...
As power supply becomes more erratic, Zimbabwe's miners, among the country's largest consumers of electricity, are deepening their investments in solar energy. Caledonia Mining is inviting bidders to build a 20MW solar farm...
Coffee production in the country has gone down from last year owing to poor prices and a shift by farmers to macadamia nut production, industry officials have said. Zimbabwe Coffee Mill administrator Johane Jori said...
Reserve Bank of Zimbabwe is to start the rollout of new local banknotes with the release of $5 notes over the next two weeks, central bank governor John Mangudya said Tuesday. Speaking to...
Government has cancelled a US$400 million tender for the recapitalisation of the National Railways of Zimbabwe (NRZ), just over two years after handing the contract to the Diaspora Infrastructure Development Group (DIDG) and Transnet consortium.
Zimbabwe's government is running on fuel. Literally. Although the commodity has been in short supply, government is cashing in on increased tax on petroleum products. Excise duty, most of it...
The battle over a US$400 million deal to recapitalise the National Railways of Zimbabwe (NRZ) could be headed to the courts, further delaying plans to fix the country's collapsed rail network. After government...
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