In a recent development, Omnia Zimbabwe, a prominent player in the chemicals industry, has contested an income tax assessment received from the Zimbabwean Revenue Authority (ZIMRA) on April 28, 2023.
Nov 21, 2023
In its efforts to mitigate the expanding informal economy, the government has introduced a new statutory instrument, Statutory Instrument 7 of 2025 designed to protect formal market enterprises. This
Jan 28, 2025
The Zimbabwe Revenue Authority (ZIMRA) has launched a new system, the Employee Management Module (EMM), which will be used for the January 2025 Pay As You Earn Return (PAYE). This module is aimed at
Feb 04, 2025
The Zimbabwe Revenue Authority (ZIMRA) has established guidelines for tax return deadlines related to disposable plastic bags and fast food sales. These guidelines follows the 2025 budget presentatio
Feb 11, 2025
According to the International Journal of World Policy and Development Studies, Zimbabwe lost over US$32.179 billion during the period 2000 to 2020 . The paper by Jeffrey Kurebwa further notes that I
Mar 19, 2025
Zimplow Holdings, Zimbabwe's leading supplier of agricultural, mining, and automotive equipment, has introduced a new re-engineering manufacturing process at its Mealie Brand unit, according to the la
Zimbabwe has achieved a historic milestone in its energy sector, recording its highest electricity generation output to date at 1,619 MW, according to the latest data from the Zimbabwe Power Company (
The Zimbabwe Gold (ZiG) appreciated for the first time on May 21, 2025, strengthening to 26.8853 from 26.9786 per dollar the previous day, breaking a chain of loss-making streaks since April 25, when
First Capital Bank, Zimbabwe’s renowned financial services outfit, has achieved a remarkable feat in the first quarter of 2025, with non-performing loans (NPLs) plummeting from 7% in Q1 2024 to 3.66%
Axia Corporation Limited's Distribution Group Africa (DGA) segment has sustained a sluggish performance in the third quarter of FY2025, ended March 31, 2025, compared to the same period last year, whi
imbisa Brands Limited, Zimbabwe's leading quick-service restaurant group, has fully transitioned to 100% paper-based packaging across its 722 outlets according to the company Q3 2025 trading update.
African Sun Limited (ASUN) the largest hotelier group, faced significant challenges in the first quarter of 2025 with hotel occupancy rate plummeting by 17% to 39% from 47% in Q1 2024, accompanied by
Botswana, often celebrated as a model of economic stability and prudent governance in Africa, is confronting a severe economic crisis precipitated by a sharp decline in global diamond prices. The Af
