economics

Mbare Musika photos Harare.

The United States government has unleashed a powerful weapon against Zimbabwe: the Magnitsky Act. This law, named after a Russian lawyer who died in prison after uncovering corruption, allows the US to sanction foreign individuals for human rights abuses and corruption. And now Zimbabwe finds...

The Reserve Bank of Zimbabwe has started to redesign its ZiG banknotes, aiming to improve their quality and make them last longer. Bank officials want the new notes to match international standards and resist counterfeiting through enhanced security features. Users have reported problems with...

The government started checking buses and stores all over Zimbabwe. They want to stop people from bringing things into the country without paying taxes. They care about keeping local businesses safe and making sure people get good products. Last week, they began looking at places that sell...

The government has made a lot of money from taxing sweet drinks. They started this tax in February 2024, and by November, they got US$30.8 million. The doctors wanted to know what happened to all this money. They sent a letter asking about it through their lawyers. Mr. Guvamatanga, who works...

The government is considering making changes to some of the taxes proposed in the 2025 National Budget. This comes after business leaders and economists raised concerns about the impact of certain taxes on businesses. Minister Mthuli Ncube, who is in charge of Finance, Economic Development and...

Zimbabwe plans to buy new cancer machines fast. PRAZ, the group that checks buying plans, said yes to this quick purchase. The money comes from taxes on sugar, which has brought in US$18 million. Health Minister Dr Douglas Mombeshora shared good news. His team asked cancer doctors what machines...

Many people want to be the money boss at Harare City Council. A total of 43 people asked for this big job. The city has not had a real finance director since 2015. Right Mr. Godfrey Kusangaya fills this role for short times. The city just gave him another year to keep working. But some people...

Zimbabwe expects to build one million houses by 2025, helping more people get good homes. This is a bigger goal than the first plan to build 220,000 houses, which the country already reached. Housing Minister Zhemu Soda told reporters in Harare that many groups helped reach this goal. The...

Simbisa Brands Limited plans to open 31 new stores by the end of the 2025 financial year. The company wants to reach more customers by making its business bigger. The food company also plans to fix up 44 of its existing stores to make them better for customers. Last year, up to September 2024...

The 2025 National Budget was presented with the theme "Building Resilience for Sustained Economic Transformation." It tries to show progress and recovery. But when you look closely, you can see that it has many problems and doesn't match what most people in Zimbabwe are dealing with. The...

The head of Zimbabwe's central bank says holiday bonuses won't shake up prices or exchange rates. Dr. John Mushayavanhu runs the Reserve Bank of Zimbabwe, and he feels good about how things are going. The money markets have settled down since they made some changes to control extra cash floating...

The government plans to build a new railway line connecting Nyazura in Manicaland Province to Mvuma in Midlands Province. This rail link aims to help transport steel products from the Manhize Steel Plant to Beira Port in Mozambique for export. At the same time, work speeds up to improve Forbes...

Money Boss Ncube Gets Ready for Big Budget Show! The finance minister plans to shake things up this afternoon with his 2025 money plans. People can't wait to hear how he'll make Zimbabwe's economy boom again and keep it strong against bad times ahead. The big-shot minister dropped some juicy...

President Mnangagwa thinks Zimbabwe's economy will grow a lot in 2025. He says it will go up by 6%, which is more than the 2% people think it will grow in 2024. He believes this will happen because farming and mining will do better. But there are still some big problems in Zimbabwe. Sometimes...

Big trouble is brewing in the CCC party! Poor Mr. Tshabangu got a nasty shock when he found out his rival got loads of cash from the government. Word on the street says Welshman Ncube hit the jackpot with money from something called the Political Parties Act. When folks asked Ncube about the...

In a recent development, the Treasury has announced spending limits for ministries, departments, and agencies for November and December. This decision comes as the government faces a shortage of funds in its coffers. George Guvamatanga, the Permanent Secretary for Finance Economic Development...

What is socialism in your own words?

Do y'all have any tips for someone thinking about diving into a small biz? I keep holding back, thinking I'm not ready or that nobody's got my back and I'll just get judged instead.

LLCs vs sole proprietorships: what's best?