Business

World Bank Warns Zimbabwe Against Ditching the US Dollar
Zimbabwe plans to phase out the use of foreign currencies for domestic transactions by 2030, paving the way for a mono-currency system centred on the ZiG.

Zimbabwe Removes 291 Business Licenses
Soda said government expects the remaining approved fees to be implemented within three months.

Kenya’s Ruto Orders Crackdown Against Foreign Traders and Small Retailers
To facilitate this policy, Ruto instructed authorities to begin the shutdown of businesses run by foreign nationals.

‘Fix the Economy First’: ZCTU Slams Govt Vendor Crackdown
"The people who are into street vending are not into it for their liking but are being forced due to the unemployment levels," the union said.

When the hits became a battlefield: Zimbabwe’s Music Copyright Crisis No One Wants to Sing About
Behind the applause, packed venues and nostalgic sing alongs lies a growing copyright storm, with disputes involving Thomas Mapfumo, Kurai Makore, Alick Macheso and Intotal Band.

Illegal Vendors Given Seven-Day Ultimatum To Leave CBD
Minister Garwe announced that they should vacate these unauthorized sites by Wednesday, September 9.

ZIMRA Goes After Landlords In New Drive For Rental Income Tax
Zimbabwean landlords face intensified scrutiny as ZIMRA steps up efforts to identify rental income and enforce existing tax obligations, with affluent areas among the first targets.

Government Entities Grab 60% Of CBZ Holdings
This maneuver is part of the government's strategy to fortify its foothold in the banking sector.

ZIMRA Hunts For New Taxes By Targeting Borrowdale Residents
The decision by ZIMRA is most likely targeting implementing the Wealth Tax which was introduced in 2023.

RBZ Celebrates Single Digit ZiG Inflation
Mushayavanhu added that companies should now have no issues in accepting local currency.