Business
Riozim Wins Corporate Rescue Case: A Victory for the Company
In a significant ruling, the High Court of Zimbabwe has dismissed an application by the Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) and two of its members to place Riozim Limited under corporate rescue. Justice Mandaza’s judgment vindicated the company’s stance that it is not in financial distress, a position it has consistently maintained. […]
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Treasury Clarifies Digital Services Withholding Tax Implementation
The Ministry of Finance, Economic Development and Investment Promotion has issued a clarification on the implementation of the digital services withholding tax on imported services, effective immediately. This move aims to correct an error in Clause 44 of Finance Act 7 of 2025, which incorrectly stated that the tax would apply to payments made for […]
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Airports Company Revamps Buffalo Range Airport in Significant Uplift
The Airports Company has announced a major upgrade to Buffalo Range Airport in Chiredzi, a key aviation hub in Zimbabwe’s South Eastern Lowveld region. Located 10 kilometers northwest of Chiredzi, the airport has undergone significant airside infrastructure upgrades, enhancing its capacity to handle high-performance aircraft and boost tourism in the region. The refurbished airport boasts […]
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Zimbabwe Clears Path for Cabora Bassa Development as PPSA Process Concludes
Harare — Zimbabwe’s energy sector has reached a major milestone following the successful completion of the Petroleum Production Sharing Agreement (PPSA) process for the Cabora Bassa Project, led by Invictus Energy, with formal execution expected in January 2026. The conclusion of the PPSA establishes a clear, transparent and internationally competitive legal and fiscal framework for […]
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PRAZ Pauses 2026 Supplier Registration Process Amidst System Upgrade
The Procurement Regulatory Authority of Zimbabwe (PRAZ) has paused the 2026 supplier registration process to comply with government directives. The eGP system is undergoing a system changeover to accommodate a new supplier registration framework, and registrations will resume once the transition is complete. The supplier registration on the eGP system is temporarily unavailable. The pause […]
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Premier, Canmax Tighten Zulu Lithium Deal as Offtake Deadline Extended
Harare — Premier African Minerals Limited and its strategic partner, Canmax Technologies, have extended the deadline for their amended offtake and prepayment agreement for the Zulu Lithium and Tantalum Project to June 30, 2026, under revised terms that strengthen Canmax’s control and oversight of the arrangement. Premier said in a trade update that the Long […]
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Foreign-Owned Firms in Reserved Sectors Given January 31 Deadline
The Ministry of Industry and Commerce has directed all foreign-owned businesses operating in Zimbabwe’s reserved sectors to submit regularisation plans by 31 January 2026, in line with Statutory Instrument 215 of 2025. In a press statement issued on 4 January 2026, the Ministry said the move is part of Government’s efforts to enforce compliance with […]
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Pension Sector Grows: Membership Up 17.8%, Assets Reach US$2.77 Billion
The Insurance and Pensions Commission (IPEC) has released its report for the nine months ended 30 September 2025, revealing a robust performance in Zimbabwe’s pensions sector. As of 30 September 2025, the sector boasted 968 registered occupational pension funds, with 479 (49.5%) active and 489 (50.5%) inactive, of which 372 were awaiting dissolution. Total membership […]
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ZIMRA Listens to Industry, Revises Tax Clearance Issuance Timelines
The Zimbabwe Revenue Authority (ZIMRA) has reversed its earlier directive on the issuance of one-month tax clearance certificates, following submissions by the Confederation of Zimbabwe Industries (CZI) highlighting the burden and practical challenges of implementing Public Notice 69 of 2025. In a letter to CZI dated December 19, 2025, ZIMRA announced a phased approach to […]
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Caledonia Mining Welcomes Zimbabwe Govt’s Tax Revisions
Caledonia Mining Corporation Plc is breathing a sigh of relief after Zimbabwe’s government revised its tax proposals in the 2026 National Budget. The changes, announced on December 17, 2025, are seen as a positive move for the mining sector. The revisions include a royalty rate increase from 5% to 10%, but only if the gold […]
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