
newZWire
@newswireZW • 56,924 subscribers
Zimbabwe News, Analysis & Commentary
Shorts
Videos

ℹ️ Migration myths don’t add up, says Standard Bank CEO Sim Tshabalala says migrants don’t steal jobs or push down wages. They create demand, which creates employment. Speaking at a Kgalema Motlanthe Foundation seminar on migration, the Standard Bank CEO says his bank operates in 20 African countries. It earned R49 billion last year, with about 40% of that coming from outside SA. [🎥SABC]
newZWire304,358 次观看 • 1 个月前

📍Tutsville Estate, a new estate in Glen Lorne, Harare Zimbabwe’s love affair with luxury cluster homes is growing. Mashonaland Holdings says demand for such properties “remains positive”, but affordability and limited mortgage financing are slowing the pace of deals. In 2025, demand for cluster units jumped 30%, while searches for gated communities rose by around 23%, says Property Book. Who’s driving this demand? Property Book points to “young professionals” aged 28-40, retirees downsizing from standalone homes, and the diaspora. At this new Tutsville complex, rentals for 5-bed homes is US$3,600/month, according to a listing by Seeff Properties. But while luxury clusters are increasingly visible on the property landscape, realtor Knight Frank says most of Zimbabwe’s unmet housing demand is “in the low- and middle-income segments”. 📷 Seeff Properties
newZWire37,471 次观看 • 7 天前

Are some foreign investors still overstating the risks of investing in Zimbabwe? Two investors that have recently raised capital for large-scale mining projects here think so. At an investor presentation in New York this week, Caledonia Mining’s VP for Corporate Development Maurice Mason says: “This (risk perception in Zim) is one we think has been overdone and mispriced”. Earlier this year, Caledonia raised $150m through a bond for its Bilboes project, attracting more than $600m in bids, including strong demand from US institutional investors. Tharisa is making a similar case. Read more on their take here ➡️
newZWire23,276 次观看 • 4 天前

Aliko Dangote speaks on his plans to build an oil pipeline network to supply fuel across Southern Africa. The plan includes a 240-million-barrel storage facility at Walvis Bay, Namibia. Fuel would then be moved through a 2,600 km pipeline network connecting Botswana, SA, Zim, Zambia and the DRC. The region’s limited fuel storage and pipeline infrastructure leaves many countries relying on trucks to move fuel. This adds to costs and transit times. Dangote’s plan is to invest in pipelines to lower those costs and help grow demand for his petroleum in SADC. In 2025, Dangote sold 158,000 tonnes of fuel to Southern Africa, compared with 4 million tonnes in West Africa.
newZWire12,895 次观看 • 4 天前

Kariba disaster: Local Govt Minister Daniel Garwe says the accident was a result of the boat captain ignoring warnings not to sail. He insists the boat was fit, and there will be an inquest. It is Zimbabwe’s worst ever transport disaster, with 93 dead so far and more missing.
newZWire75,661 次观看 • 1 个月前

Ecobank Zim today officially commissioned their new Borrowdale, Harare HQ. Where does Ecobank Zimbabwe Limited rank in the Ecobank Group? The Zim operation’s revenue grew from US$28M in 2015 to US$137M last year. Ecobank group CEO Jeremy Awori says this makes Ecobank Zimbabwe “the number one market in the Central, Eastern and Southern African region on many metrics, placing it among the top 5 markets across the entire Ecobank group”
newZWire15,895 次观看 • 8 天前

“As a corporate, why would you want to withdraw US$5,000 in cash…” Finance Minister Mthuli Ncube and Treasury Permanent Secretary George Guvamatanga defend their new levy on cash withdrawals, despite criticism that it raises costs and undermines efforts to formalise the economy
newZWire276,232 次观看 • 9 个月前

📍🇿🇲 Former Zambian VP Nevers Mumba, who has led election observer missions, has defended the electoral commission’s decision on Friday to temporarily suspend vote counting and results announcements. The suspension was lifted late Friday. Mumba says the move was not an attempt to rig the election, and criticised opposition candidate Brian Mundubile for declaring himself the winner. SADC and AU observers have been generally positive on the poll in their preliminary reports. However, SADC says Friday’s vote count/results suspension caused “uncertainty and anxiety”, while the AU mission says it “contributed to increased mistrust, political tension, and incidents of violence”. Mumba, who leads his own party, backed President Hakainde Hichilema in the election, saying his handling of the economy has been “nothing less than a miracle.” Early results show Hichilema with a commanding lead.
newZWire36,941 次观看 • 1 个月前

Skills crisis: Zimbabwe has only one forensic pathologist, and has had to bring in three from Cuba. Health Minister Douglas Mombeshora said this in response to MP Lynette Karenyi-Kore, who asked why such services are only offered in Harare. Mombeshora says govt plans to train more forensic pathologists, which takes 4 years, and pay specialists better.
newZWire249,854 次观看 • 11 个月前

Varun Beverages Zimbabwe is betting its nationwide Pepsi products distribution network can help Carlsberg gain ground in Zimbabwe’s beer market. Varun Zim CEO Vijay Kumar Bahl says: “Over the years, Varun Beverages Zimbabwe has built a strong, multi-layered route-to-market and distribution network… We now look forward to putting that distribution strength behind a globally recognised beer brand and bringing it closer to Zimbabwean consumers.” The Carlsberg deal puts Varun in competition with market leader Delta, extending their rivalry from soft drinks into beer.
newZWire20,361 次观看 • 20 天前

📍 How Zimbabwean migration to South Africa has changed over the past 30 years. South Africa’s Statistician-General, Risenga Maluleke, has outlined how the Zimbabwean population in South Africa has trended over the past 30 years: 📌 1996: Around 80,000 Zimbabweans live in SA, 10% of the country’s foreign-born population, the fourth-largest foreign national group. 📌 2001: As Zimbabwe’s economy falls, the number doubles to 161,000 (16.1% of foreign nationals), second only to Mozambicans. 📌 2010: Zimbabweans are the largest foreign national group, numbering 818,900 (43.1% of all foreign nationals). 📌 Latest 2022 Census: SA counts a total 2.4 million foreign nationals, including undocumented migrants. Nearly half (48.5%) are Zimbabweans, about 1.16 million people.
newZWire61,326 次观看 • 2 个月前

Work kicking off at Bulawayo’s Fairgrounds, a new shopping complex being developed by Terrace Africa for the Tigere Property Fund. It’s due to be completed in 2027. Tigere is a ZSE-listed real estate investment trust (REIT) that currently holds Highland Park, Chinamano Corner, Greenfields and Zimre Park Drive-Thru. Four more properties are being added to the Tigere portfolio this year, including Cardinals Corner and the Design Quarter at the Highland Park Precinct. Tigere is targeting rapid growth in net asset value (NAV), the total value of a property portfolio after taking out liabilities. Tigere wants to grow NAV from US$60 million last year to US$100 million this year, and US$200 million by end of 2028. [🎥 Mandebvu Contracting]
newZWire59,102 次观看 • 3 个月前

Earlier this year, ZIMRA stepped up monitoring of lithium shipments after Govt started restricting exports. For mining companies, compliance means more paperwork, Kamativi Mining chief operating officer, Turkey Liang, has told MPs visiting the mine. Previously, the company needed a single authorisation ‘paper’ for a day’s consignment of 50 trucks. But ZIMRA later changed to demand separate authorisations for each truck.
newZWire21,749 次观看 • 1 个月前

🎥 Tsingshan’s Dinson Steel plans to triple output at its Manhize plant from the current 600,000 tonnes a year. Dinson CEO Benson Xu told Parliament’s Portfolio Committee on Mines that for Zim to meet its full steel potential, it will need better rail infrastructure. The company in talks with the Mutapa Investment Fund on a possible joint venture. The company is diversifying its steel products, plans to process metallurgical coal for its furnace, and expects a new cement plant to start production in Q4. 📌 How is Zimbabwean steel doing regionally? Zimbabwean steel faces tariffs in some markets, including a 30% tariff in Zambia. On South Africa, where ArcelorMittal has raised concerns about competition from Zimbabwean steel, Xu says: “We do not see South Africa as competition, but our only worry is that they may take some actions in terms of increased surtax.” 📌Ease of doing business Dinson has a nine-year land lease and is seeking an extension. The company says it has to pay fees to multiple Government agencies for the same lease. It also wants steel to be removed from the mineral classification, which it says causes delays in sales.
newZWire17,332 次观看 • 28 天前

“We don’t have a problem of entrepreneurship in Africa. Our kids leave school knowing if you don’t start something, you’re not going to be employed….” At the #WEF2025, Econet Group founder Strive Masiyiwa calls for better funding ecosystems for emerging African entrepreneurs. “You do not fund startups with debt. You provide equity capital, venture capital…”
newZWire216,892 次观看 • 1 年前