After years of brutal hyperinflation, Zimbabwe became known as a place where cash was almost worthless. Now, investors are fighting over EcoCash, the country’s homegrown PayPal-like service that has zoomed into the economy’s cash void.
With Zimbabwe facing a deep economic crisis, marked by acute foreign currency shortages, debate is raging on how best the country can manage the exchange rate.
The Government insists on keeping the 1:1 parity for the US dollar and local...
Spanish-Japanese company Univergy International has announced that it will build 180 MW of solar power generation capacity to supply electricity to miner RioZim.
Univergy will partner RioEnergy, the RioZim energy arm that is backed Denham Capital, a resources and energy-focused...
President Emmerson Mnangagwa and his two VPs earn a monthly salary of an average $17,500 each.
According to the “Blue Book”, the Government document which details its expenditure and debts, a total of $630,000 is allocated in the coming year...
The Motlanthe commission into the August 1 shootings says it is “concerned by the many contradictory and confusing statements” around its work, just hours after Presidential spokesman George Charamba appeared to suggest that President Emmerson Mnangagwa may not release...
Zimbabwe does not plan to change its ownership rules for diamonds and platinum, its mining minister says, denting hopes among some miners the country will open up ownership as it announces mineral frameworks in coming weeks.
Zimbabwe in March changed...
By Mike Murenzvi
On the evening of 7 November, two long distance buses operating as Smart Express and Bolt Cutter sideswiped in Rusape. Sadly, 50 people lost their lives and another 70 people suffered varying degrees of physical and psychological...
Gold miners will now retain 55% of their export earnings, up from 30%, after a deal with central bank. The Reserve Bank of Zimbabwe (RBZ) has also doubled the export incentive to mines to 20% of the value of...
Uralchem, one of the world’s largest fertiliser companies, is close to a deal to take over Chemplex, Zimbabwe’s biggest chemical and fertiliser maker.
Dmitry Mazepin, the billionaire owner of Uralchem, arrived in Zimbabwe on Sunday for talks with Government authorities.
“We...
By Mike Murenzvi
Over the past 25 years, kombis have taken over the urban public transport system and become the go-to method of transportation for millions of Zimbabweans. The collapse of the Zimbabwe United Passenger Company (ZUPCO), led to, first,...
