Olivine suspends operations, owes foreign supplies US$11 million

Olivine Industries, the maker of household consumer brands such as Buttercup margarine and Jade soap, has suspended operations after foreign creditors cut off raw material suppliers over...

No quick fixes: Mthuli’s address to EU MPs

Finance Minister Mthuli Ncube has addressed members of a conservative caucus in the EU Parliament in Brussels. Below is a transcript of his address, in which, again,...

Zimbabwe’s 2019 investment outlook: Analysts speak

Perry Munzwembiri 2018 was a year of two contrasting halves for Zimbabwe. For the greater part of the year, Zimbabweans had the earnest expectation...

Inside Strive Masiyiwa’s battle with shareholders for control of Econet, and its EcoCash treasure

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...

Zimbabwe 2018 tourism arrivals hit record high, hopeful operators expand facilities

Tourist arrivals in Zimbabwe will end the year at a record 2.7 million, after a boom in the traditionally slow first half and increased traffic via the new Victoria...

No new loans for Zim before debt clearance, says IMF Africa head

The International Monetary Fund’s Africa head says talks are ongoing with Zimbabwe on technical support for its reform plan but no new financial support is available until the country...