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Premium SUVs go under hammer

Masimba Makwembere THE Zimbabwe Revenue Authority (ZIMRA) has ordered a massive liquidation of impounded sport utility vehicles (SUVs) in a high-stakes rummage sale scheduled to commence tomor­row. Acting on the orders of Zimra, ABC Auctions would host the three-day online sale. According to a Zimra notice yesterday, the sheer volume of the SUV inventory is…

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PUSH TO LIFT ZIG USE: 'Reducing USD's set death grip a tall order'

THE government’s medium to long-term plans to de-dollarise the country’s economy continue to face significant challenges.So warns veteran economist Eddie Cross, who says the enduring general lack of confidence in the local currency, coupled with policy inconsistencies, structural issues, the growing use of the US dollar in the economy, the country’s history of hyper-inflation and…

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Zim’s crisis of fake medicines, goods

THE worsening flooding of the country’s informal markets with unregistered, counterfeit and smuggled drugs has become a critical public health crisis.The Medicines Control Authority of Zimbabwe (MCAZ) says these substances pose severe, often fatal risks, because they bypass the strict quality controls and regulatory oversight of the nation’s statutory body that is responsible for protecting…

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Security forces clear illegal gold miners

SECURITY forces have launched a massive crackdown on Mutare River, flushing illegal gold miners out of riverbeds and into mountains.This comes amid growing concern from authorities and environmental watchdogs over the surge in unregulated mining — often linked to local syndicates and foreign nationals — which has accelerated environmental degradation and lawlessness in the province.Alluvial…

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US$25m grant boosts food security

 THE African Development Bank has approved a US$25 million grant to protect Zimba­bwe’s climate-vulnerable farmers from dev­astating droughts. In an update yesterday, the bank said the project was designed to boost resilience in rural areas hard­est hit by climate change and would run from 2026 to 2030. “The board of directors of the African Develop­ment…

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Churches decry youth civic participation slump

THE Zimbabwe Council of Churches (ZCC) has raised alarm over a long-term decline in youth engagement within formal political processes.Addressing a National Youth Revival at Manama Mission in Gwanda yesterday, ZCC secretary Annie Mbewe said there was a lack of awareness about constitutional rights and opportunities for meaningful participation in national decision-making processes for youth.“Civic…

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Business

Nicoz targets tech-driven growth

 NICOZDIAMOND Insurance plans to leverage technology to enhance product and service innovation in order to drive growth, amid a marked sectoral shift towards affordable cover for the informal market. In a statement accompanying the group’s financial results for the year ended December 31, 2025, chief executive David Nyabadza said the strategy is aimed at strengthening…

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Business

New investment licences decline

THE Zimbabwe Investment and Development Agency (Zida) issued 146 new li­cences in Q1 2026, down 32,2 percent year-on-year, as stricter regulations and seasonal factors slowed approvals, par­ticularly in reserved sectors. The decline in new licences is from a prior comparative period of 214 licenses. “During the quarter under re­view, the agency recorded mixed performance in…

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