Air Zimbabwe resumes flights to South Africa after suspension lifted

MacDonald Dzirutwe|Published

The Zimbabwe government put the airline under administration last year and later invited bids from potential investors as it seeks to privatise it.

Zimbabwe to cut power to mines, others over $77m in unpaid bills

MacDonald Dzirutwe|Published

Zimbabwe?s electricity distributor said it will disconnect mines, farms and other users as it looks to recover $77m in unpaid bills.

Zimbabwe platinum venture needs $500 million for first phase

MacDonald Dzirutwe|Published

Zimbabwe is pinning its hopes on the mining sector to drive the recovery of an economy grappling with rolling power cuts and shortages.

Zimbabwe cancels deal with Transnet JV to recapitalise state rail firm

MacDonald Dzirutwe|Published

Zimbabwe has cancelled a deal struck with South African logistics group Transnet.

WATCH: Zimbabwe aims to more than triple diamond production by 2023

MacDonald Dzirutwe|Published

Zimbabwe expects to increase diamond production to 11 million carats by 2023 from 3. 2 million carats last year, the mines minister said on Monday.

Zimbabwe quadruples electricity prices to fund power investment

MacDonald Dzirutwe|Published

Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve supplies.

Zimbabwe increases fuel price again amid shortages

MacDonald Dzirutwe|Published

Zimbabwe has increased the price of petrol and diesel by up to 26% after the finance minister raised import tax on fuel last week.

Zimbabwe's GDP to shrink as power price hikes pile

MacDonald Dzirutwe|Published

Prices of basic goods and services have more than doubled since June, when the government renamed the RTGS currency as the Zimbabwe dollar.

Zim central bank holds first public T-bill auction in seven years

MacDonald Dzirutwe|Published

Between 2013 and 2018, the government held private auctions for banks and insurance firms and used a central bank overdraft facility to raise money.

Namibia plans to add 220 MW to electricity grid by 2023

MacDonald Dzirutwe|Published

Namibia, which has installed capacity of 606 MW, is a net importer of electricity mainly from neighbouring countries like Zambia and South Africa.

Zimbabwe set to raise public workers pay again

MacDonald Dzirutwe|Published

Zimbabweans are angry as year-on-year inflation of around 100 percent has eaten the value of their wages and savings.

Zimbabwe to allow foreign platinum miners control of local operations

MacDonald Dzirutwe|Published

Zimbabwe holds the world?s second-largest known platinum reserves behind South Africa.

Zimbabwe’s RioZim demands $92m from central bank

MacDonald Dzirutwe|Published

Zimbabwean miner is demanding US$92 million in a lawsuit brought to force the Reserve Bank to pay for more of its gold purchases in US dollars.

Zimbabwe’s RioZim shuts mines over dollar shortages

MacDonald Dzirutwe|Published

The country?s third biggest gold producer threatened legal action to force the Reserve Bank to pay it more US dollars for part of its output.

Strong demand, pre-election spending drives Zim brewer’s sales through the roof

MacDonald Dzirutwe|Published

AB InBev brewing partner in Zimbabwe posts record half-year lager sales.

PICS: Zimbabwe’s new currency is bright green

MacDonald Dzirutwe|Published

Zimbabwe’s new bond notes are trading on equal footing with the dollar in Harare - but money-changers say things could turn.

Zimbabwe businesses closed during stay-away

MacDonald Dzirutwe|Published

Zimbabweans protest against unemployment and corruption as part of a campaign organised by the #ThisFlag movement.

Zimbabwe’s doctors and teachers on strike

MacDonald Dzirutwe|Published

Teachers, doctors and nurses in cash-strapped Zimbabwe are still waiting to receive their June salaries.

Zimbabwe expects first IMF loan since 1999

MacDonald Dzirutwe|Published

Cash-strapped Zimbabwe expects a loan from the International Monetary Fund in the third quarter of this year.

Mugabe changes course as Harare woos IMF

MacDonald Dzirutwe|Published

President Robert Mugabe agrees to major reforms as struggling Zimbabwe tries to lure back international lenders.

Diamond firm to sue Zimbabwe

MacDonald Dzirutwe|Published

Zimbabwe’s Diamond Mining Company plans to sue the government for breach of contract.

Mugabe simmers down as economy wobbles

MacDonald Dzirutwe|Published

Is Zimbabwean leader Robert Mugabe warming to the West as his country’s economy continues to crumble?

Harare takes tobacco road to agriculture recovery

MacDonald Dzirutwe|Published

Zimbabwe’s tobacco industry is booming, with black farmers funded by private firms producing a near record crop.

EU resumes direct aid to Zimbabwe

MacDonald Dzirutwe|Published

The European Union has given Zimbabwe financial aid for the first time since imposing sanctions in 2002.

Zim central bank takes over bad loans

MacDonald Dzirutwe|Published

Zimbabwe's central bank has taken over $65 million in non-performing loans from banks.