economics

In the Zulu language, "zama zama" means "those who take a chance." It is a fitting name for the tens of thousands of illegal artisanal miners who descend into South Africa's abandoned mine shafts each year, risking cave-ins, toxic gas, and gang violence for the possibility of extracting a few...

This program is quietly turning ancient stone carving into a modern career path. Gujarat's Stone Artisan Park Training Institute, called SAPTI, pushes skill development in the sculptural sector. It aims to preserve heritage while creating jobs for young people. The institute operates under the...

Global money keeps eyeing India as its next big bet. Maharashtra Chief Minister Devendra Fadnavis stated international investors see the country as a key destination with wide sector opportunities. He made these comments during a World Economic Forum gathering. Fadnavis noted strong confidence...

Can someone explain in simple terms what is the AI bubble?

VISA awarded First Capital Bank the Best Innovator Award 2025 for developing FCB Tap, a mobile payment technology. The digital solution transforms Android smartphones into payment terminals through Near Field Communication technology. Merchants receive customer payments when cardholders tap...

Serbian Foreign Minister Marko Đurić praised Ghana's 24-hour economy initiative during meetings with Ghanaian officials in Accra. The visiting diplomat described the policy as visionary and capable of significantly accelerating national development. Đurić highlighted Serbia's economic...

CBZ Bank Zimbabwe operates under the ownership of CBZ Holdings Limited, a financial services giant that dominates the Zimbabwean banking landscape. This publicly traded company controls the bank through its listing on the Zimbabwe Stock Exchange, making it accessible to both local and...

Zimbabwe's Reserve Bank aims to stabilize the economy through new monetary policies. Deputy Governor Innocent Matshe spoke at a mining conference in Victoria Falls recently. He said mining companies must help the country stop using American dollars. The new Zimbabwe Gold currency needs support...

The Presidential Goat Scheme in Zimbabwe represents an agricultural initiative launched by President Emmerson Mnangagwa in 2022. The program aims to distribute goats with improved genetics to rural communities across Zimbabwe, targeting vulnerable families, youth, and women. Under the original...

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...

Zimbabweans face power outages that last around 17 hours every day. Some places go dark for three or four days without any electricity at all. These long blackouts signal more than just occasional problems—they show the country is close to a total energy collapse. Just as water services broke...

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...