Mthuli Ncube News & Updates | Report Focus News

Zimbabwe Raises Fuel Levy to Strengthen Strategic Reserves

The Government of Zimbabwe has raised the Strategic Fuel Reserve Levy on petrol and diesel to enhance the country’s energy security, even as retail prices remain unchanged for May. Announced through Statutory Instrument 50 of 2025, Finance Minister Professor Mthuli Ncube confirmed

May 14, 2025

Business·Zimbabwe

Proof of Customs Duty Now Required for Groceries and Beverages

HARARE- Zimbabwe’s Finance Minister, Mthuli Ncube, has announced that all alcoholic and non-alcoholic beverages, as well as basic commodities like refined sugar, detergents, and dairy products, will now be considered smuggled unless sellers can provide proof of customs duty payment. Government claims

March 15, 2025

Zimbabwe

Zim Compensates BIPPA-Protected White Farmers

HARARE- Zimbabwe has commenced compensation payments to farmers and investors affected by the country’s Land Reform Program in 2000, as part of a US$20 million facility allocated in the 2024 National Budget. Finance and Investment Promotion Minister Mthuli Ncube confirmed the payments,

February 12, 2025

Business·Politics·Zimbabwe

Zimbabwe Tightens Local Ownership Rules in Key Business Sectors

Zimbabwe’s government announces stricter enforcement of laws reserving vital economic sectors for citizens, signaling a shift in foreign investment policy. Finance Minister Mthuli Ncube declared Zimbabwe will strengthen enforcement of the Indigenisation and Economic Empowerment Act, restricting certain business sectors to citizens

February 1, 2025

Zimbabwe

Mugabe-Era Land Grab Victims to Receive Initial $20mn Payout

The Zimbabwean government will this month pay an initial $20mn to foreign white and local Black farmers who lost land in farm invasions under former leader Robert Mugabe at the turn of the century, the finance minister said on Friday. The spending

October 5, 2024

Zimbabwe

Zimbabwe Gold (ZiG) Currency Faces Steepest Decline Since Launch

Zimbabwe’s currency, Zimbabwe Gold (ZiG), hit its lowest level against the US dollar since its launch last month, as reported on Monday, May 6th. According to data released on the Reserve Bank of Zimbabwe’s website, ZiG traded at 13.67 to the dollar,

May 7, 2024

Breaking News

Zimbabwe Faces Economic Turmoil as Living Costs Soar and Currency Plummets

Zimbabwe’s economy is facing a significant crisis as the cost of living skyrockets and the local currency undergoes a dramatic depreciation, according to the latest figures released by the Zimbabwe National Statistics Agency (ZIMSTAT). In a concerning development, ZIMSTAT reports that a

March 28, 2024

Zimbabwe

Zimbabwe’s Inflation Rate Hits Seven-Month High, Climbing to 55.3%

Harare, Zimbabwe – In a concerning economic development, Zimbabwe’s annual inflation rate surged to a seven-month high of 55.3% in March, up from 47.6% in February, according to the latest figures released by the Zimbabwe National Statistics Agency (ZIMSTAT). This announcement on

March 27, 2024

1024px Tallinn Digital Summit Fireside chat with James Manyika 36682380574

Technology·Zimbabwe

Google’s Senior VP James Manyika Urges Zimbabwe to Support Diaspora Contributions for National Development

In a pivotal statement made during the United Nations Economic Commission for Africa (UNECA) summit held in Victoria Falls, James Manyika, the esteemed Senior Vice President of Google in charge of Artificial Intelligence, emphasized the importance of the Zimbabwean government facilitating contributions

March 7, 2024

Politics

Controversial Budget Allocation for War Veterans in Zimbabwe Sparks Debate

Finance and Economic Development Minister Mthuli Ncube of Zimbabwe has come under criticism for his plan to allocate $57.5 million to war veterans in an attempt to gain support for the ruling Zanu PF party ahead of upcoming elections. The allocation has

December 27, 2022

Report Focus News

Report Focus News

Mthuli Ncube

Zimbabwe Raises Fuel Levy to Strengthen Strategic Reserves

Proof of Customs Duty Now Required for Groceries and Beverages

Zim Compensates BIPPA-Protected White Farmers

Zimbabwe Tightens Local Ownership Rules in Key Business Sectors

Mugabe-Era Land Grab Victims to Receive Initial $20mn Payout

Zimbabwe Gold (ZiG) Currency Faces Steepest Decline Since Launch

Zimbabwe Faces Economic Turmoil as Living Costs Soar and Currency Plummets

Zimbabwe’s Inflation Rate Hits Seven-Month High, Climbing to 55.3%

Google’s Senior VP James Manyika Urges Zimbabwe to Support Diaspora Contributions for National Development

Controversial Budget Allocation for War Veterans in Zimbabwe Sparks Debate

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