Zimra Slaps OK Zimbabwe with Over $2 Million Fine Amid Financial Struggles
Zimbabwe Revenue Authority (Zimra) has slapped OK Zimbabwe Limited, the nation’s largest supermarket chain, with a hefty civil penalty of US$2,054,250 for alleged breaches related to the Fiscal Data Management…
IMF Urges Zimbabwe for Clearer Roadmap on Ending US Dollar Use by 2030 Amid Economic Uncertainty
The International Monetary Fund (IMF) has urged Zimbabwe to provide a more detailed and transparent plan regarding its goal to phase out the use of the United States dollar…
Zimbabwe’s Dollar-Only Stock Market Surges on Gold Price Rally
Zimbabwe’s Victoria Falls Stock Exchange (VFEX) is experiencing a strong upswing, driven largely by gold miners benefiting from a 48% increase in gold prices this year. The VFEX benchmark index…
OK Zimbabwe Gets $20 Million Boost, Seeks Additional Funding
Struggling retail giant OK Zimbabwe Limited has received $20 million from a capital raise in August, a crucial lifeline as the company battles to manage its crippling debt burden. The…
Businessman Tagwirei’s Lavish Spending on Mnangagwa’s Birthday Raises Eyebrows
Kudakwashe Tagwirei, a prominent Zimbabwean businessman and ZANU PF benefactor, has reportedly splurged at least $2 million on President Emmerson Mnangagwa’s 83rd birthday celebrations, which coincided with Munhumutapa Day. The…
Mealie-Meal Supplies Running Low as Farmers Hold Back Maize, Experts Warn
Zimbabwe is on the brink of a serious mealie-meal shortage as grain millers warn that the current maize supply shortage could trigger widespread hunger if urgent action is not taken.…
Bulawayo Mayor David Coltart Slams Govt’s Fee Reduction Directive
Bulawayo Mayor David Coltart is sounding the alarm after the government ordered local authorities to slash parking fees by half, from $1 to 50 cents per hour. While residents might…
Zimbabwe Simplifies Licensing Fees to Boost Business Environment
Finance Minister Mthuli Ncube has announced significant reforms to simplify Zimbabwe’s licensing fee system, making it more business-friendly. The move aims to reduce costs for business owners and enhance the…
ZUPCO Boosts Green Transport with 13 New Electric Buses
In a significant step towards modernizing Zimbabwe’s public transport and aligning with the government’s “Nqubela Phambili” vision, the Zimbabwe United Passenger Company (ZUPCO) has acquired 13 cutting-edge electric buses. These…
ZIMRA Sets Presumptive Tax Rates for Public Transport Operators
The Zimbabwe Revenue Authority has announced specific monthly presumptive tax rates for public transport operators, including kombis, taxis, driving schools, and trucks. According to ZIMRA, these rates are applicable to…