Business Times ZW

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As Zimbabwe's premier source for in-depth business, financial, and economic news and analysis, we provide unparalleled insights into market dynamics, trends, and events shaping the economy.

Why Restoring Trust in Savings Can’t WaitZimbabwe’s savings culture is under strain. Without bold reforms, pensions and ...
02/09/2025

Why Restoring Trust in Savings Can’t Wait

Zimbabwe’s savings culture is under strain. Without bold reforms, pensions and deposits risk collapse -but with the right steps, they can become engines of growth.

Read more: businesstimes.co.zw/act-now-to-restore-trust-in-savings/

👉 Follow Business Times Zimbabwe for stories and updates like these.

‘Crippling and Unfair’ - Sugar Tax Sparks Major Industry OutcryNew sugar tax shakes up the drinks sector - industry warn...
02/09/2025

‘Crippling and Unfair’ - Sugar Tax Sparks Major Industry Outcry

New sugar tax shakes up the drinks sector - industry warns of higher costs and imported competition.

Dive into the debate on the Business Times website: businesstimes.co.zw/crippling-sugar-tax-sparks-industry-outcry/

Zimbabwe’s economy surged with a 7.01% increase in GDP in Q2 2025 - its strongest run since before the pandemic. Mining,...
02/09/2025

Zimbabwe’s economy surged with a 7.01% increase in GDP in Q2 2025 - its strongest run since before the pandemic. Mining, manufacturing, agriculture, and services all fueled this rebound amid global market volatility.

Read more: businesstimes.co.zw/zim-gdp-jumps-7-in-q2-strongest-growth-since-pre-covid-era/

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The Story of Frosty US, Zim relationsRelations between Zimbabwe and the United States have gone from frosty to thaw and ...
20/08/2025

The Story of Frosty US, Zim relations

Relations between Zimbabwe and the United States have gone from frosty to thaw and frosty again.

The US argues Harare is being punished for its poor track record on human rights, gross corruption and other vices but Zimbabwe has had none of it. They argue the U.S is interfering in Zimbabwe’s "sovereignty" and want to control.

Notable restrictions date back to the early 2000s, following the chaotic fast-track land reform programme that led to widespread criticism of Zimbabwe’s governance record. In 2001, the U.S. passed the Zimbabwe Democracy and Economic Recovery Act (ZIDERA), which did not directly impose a travel ban on ordinary Zimbabweans but laid the foundation for targeted sanctions.

From 2002 onwards, the U.S. government began issuing visa bans and asset freezes against specific Zimbabwean political leaders, military officials, and business figures accused of undermining democracy, human rights, or the rule of law. These were not blanket bans on ordinary Zimbabweans but selective measures targeting individuals closely aligned with the ruling party, ZANU-PF. The State Department regularly updated this sanctions list through executive orders, most notably under Presidents George W. Bush and Barack Obama.

For most Zimbabweans, travel to the U.S. remained possible, though under stricter vetting. However, heightened scrutiny of visa applicants became commonplace, particularly for those applying for long-term visas or seeking to study in America.

Under the Trump administration (2017–2021), U.S. immigration policies grew more restrictive globally, with Zimbabweans experiencing delays and denials in some visa categories. While Zimbabwe was not part of the 2017 “travel ban” targeting several Muslim-majority countries, Zimbabwean applicants faced increased background checks and tighter vetting.

In March last year, the US ended the Zimbabwe Sanctions Program and claimed was committed to addressing human rights abuses and corruption in Zimbabwe through the Global Magnitsky (GloMag) sanctions program.

In 2025, however, the U.S. government escalated matters by suspending routine visa processing in Zimbabwe, citing concerns about visa overstays and Zimbabwe’s lack of cooperation on immigration issues. This marked one of the most direct actions to affect ordinary Zimbabweans seeking to travel to America.

Thus, while historically restrictions targeted political elites, the current visa pause signals a broader shift, impacting students, tourists, and business travellers alike.

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Visa ban: US, Zim in Talks Harare – The United States Embassy in Harare has confirmed engaging Zimbabwe in talks over ho...
20/08/2025

Visa ban: US, Zim in Talks

Harare – The United States Embassy in Harare has confirmed engaging Zimbabwe in talks over how to end the ban on visa processing.

Recently the United States' Department announced the ban on visa processes and followed up yesterday saying they were in talks with Harare on the matter.

"We have paused routine visa services in Harare while we address concerns with the Government of Zimbabwe," the terse message from the embassy reads in part.
"This is not a travel ban. All valid visas remain valid," the statement added saying they will provide updates on resuming visa services as soon as there is a change.

The embassy also confirmed that diplomatic and official visa categories will continue to be processed, while routine applications such as immigrant, tourist, student, and business visas will be put on hold.

Why the Suspension?

Washington has cited concerns over visa overstays and what it describes as Zimbabwe’s non-cooperation on certain immigration matters.

The decision, announced on Thursday, aligns with the Trump administration’s broader push for stricter immigration controls and vetting processes.
Only days earlier, the U.S. government also introduced new requirements for applicants under the F, M, and J visa categories to make their social media profiles public during vetting procedures. The move, officials say, is meant to strengthen identity checks and ensure compliance with U.S. immigration laws.

Concerns at Home

The suspension is expected to impact students preparing for studies abroad, Zimbabwean tourists, and business travellers alike. Analysts say the embassy’s clarification is intended to ease anxieties but acknowledge the suspension still leaves many applicants in limbo.

Political analyst Rashweat Mukundu previously described the move as “inconsiderate,” warning that it could have ripple effects on academic, business, and tourism opportunities for Zimbabweans.

As of Thursday afternoon, the Government of Zimbabwe had not publicly responded to Washington’s latest communication.

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EPL Fever Hits Harare Streets as Kombis Turn into Moving BillboardsThe English Premier League craze has spilled onto the...
20/08/2025

EPL Fever Hits Harare Streets as Kombis Turn into Moving Billboards

The English Premier League craze has spilled onto the streets of Harare in a colourful and eye-catching way. Battered commuter omnibuses are now draped with striking images of football giants such as Liverpool, Manchester City, Chelsea, and Arsenal, turning public transport into living canvases of football passion. For many fans, hopping into a kombi decorated with their favourite team or player has become more than just a ride; it’s part of the English Premier League experience. With the league kicking off last weekend, the vibrant kombi art has become a fresh reminder of how deeply Zimbabweans connect with the world’s most popular football league, blending sport, culture and daily life in a uniquely local way.

Article and pictures by Aaron Ufumeli

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18/08/2025

Join us LIVE for the "ZIMRA Tax and Revenue Management System (TaRMS) Commissioning"

2026 Budget Set to Reboot Zimbabwe’s Tax System, Says MthuliFinance, Economic Development and Investment Promotion Minis...
14/08/2025

2026 Budget Set to Reboot Zimbabwe’s Tax System, Says Mthuli

Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube has pledged a sweeping tax overhaul in the 2026 National Budget, promising to ease the pressure on businesses by reviewing the contentious 2% Intermediated Money Transfer Tax (IMTT), cutting fuel levies, and raising the tax-free threshold.

Addressing business leaders at the Post Mid-Term Budget Review meeting in Harare last week, Professor Ncube said the reforms—set for announcement in November, will be carefully targeted to restore consumer spending, cut compliance costs, and improve competitiveness.

read more: https://businesstimes.co.zw/mthuli-pledges-tax-overhaul-in-2026-budget/

Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu has expressed strong confidence that Zimbabwe will have th...
14/08/2025

Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu has expressed strong confidence that Zimbabwe will have the economic fundamentals in place to support a full transition from the current multicurrency system to a domestic monetary regime by 2030.

The planned transition forms part of the country’s formal de-dollarisation roadmap, which will be embedded in the National Development Strategy 2 (NDS2) — the government’s economic blueprint for the 2026–2030 period. NDS2 will succeed NDS1, which runs until December 2025, and is aimed at guiding Zimbabwe towards upper-middle-income status by 2030.

Read more: www.businesstimes.co.zw/rbz-eyes-2030-for-complete-currency-transition/

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Cereal Imports Take Up Nearly US$60m Despite Good HarvestHarare – Zimbabwe spent almost US$60m on cereal imports in June...
12/08/2025

Cereal Imports Take Up Nearly US$60m Despite Good Harvest

Harare – Zimbabwe spent almost US$60m on cereal imports in June 2025, despite recording a bumper harvest during the 2024/2025 summer cropping season, latest figures from the Zimbabwe National Statistics Agency (ZimStat) show.

Though the grain import bill of US$59.97m is still too high for a country that harvested close to 3m tonnes of grain, this was an improvement from May cereal imports worth US$66.1m.

The figures are expected to reduce further following the government's banning of grain imports by June as the country registered an output of 2.9m tonnes this year against a national requirement of 2.2m tonnes.

In a normal season, analysts say, such a surplus would result in negligible grain imports.

However, cereals still ranked as Zimbabwe’s third-largest import item in June, after mineral fuels and machinery.

Overall, the nation’s trade deficit widened by 2.9% to US$158.5m in June from US$154m in May 2025.

Exports stood at US$723.5m, a 0.5% decline from May’s US$727.3m, while imports edged up 0.1% from US$881.3m million to US$882m.

According to ZimStat, semi-manufactured gold (53.6%), nickel mattes (12.7%), and to***co (5.7%) were the country’s top export earners in June, while mineral fuels (20.5%), machinery (13%), cereals (6.8%) and vehicles (6.6%) topped the import list.

The United Arab Emirates, South Africa, and China remained Zimbabwe’s biggest export markets, accounting for nearly 87% of export value, while South Africa, China, Bahrain, and the Bahamas were the main sources of imports.

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ED In Fresh UN Security Council Seat Bid as Zim Salutes HeroesYesterday, Zimbabweans joined hands to commemorate Heroes ...
12/08/2025

ED In Fresh UN Security Council Seat Bid as Zim Salutes Heroes

Yesterday, Zimbabweans joined hands to commemorate Heroes Day and salute thousands who sacrificed their lives to liberate the country from colonial rule. Among those celebrated were several Zimbabweans who flew the flag high in patriotic duty to the country in various sectors including music, philanthropy among other sectors. President Emmerson Mnangagwa officiated at the commemorations held at the National Heroes Acre where he announced Zimbabwe’s bid for a UN Security Council seat and its role in a new global mediation body.

Follow Business Times Zimbabwe for more updates and stories like these!

ED In Fresh UN Security Council Seat Bid as Zim Salutes HeroesToday, Zimbabweans joined hands to commemorate Heroes Day ...
11/08/2025

ED In Fresh UN Security Council Seat Bid as Zim Salutes Heroes

Today, Zimbabweans joined hands to commemorate Heroes Day and salute thousands who sacrificed their lives to liberate the country from colonial rule. Among those celebrated were several Zimbabweans who flew the flag high in patriotic duty to the country in various sectors including music, philanthropy among other sectors. President Emmerson Mnangagwa officiated at the commemorations held at the National Heroes Acre where he announced Zimbabwe’s bid for a UN Security Council seat and its role in a new global mediation body.

Pictures by Aaron Ufumeli

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