World Bank delists Zimbabwe from fragile list

Finance Minister Mthuli Ncube hails delisting as confirmation of reforms.

27 killed in Chivhu highway crash

President declares state of disaster after head-on collision kills 27 near Chivhu.

A head-on collision between a commuter omnibus and a haulage truck at the 130-km peg along the Harare-Masvingo highway near Chivhu killed 27 people and injured seven on August 28, 2026. President Emmerson Mnangagwa declared a state of disaster under the Civil Protection Act to mobilize resources. The accident involved congregants of the African Apostolic Church (Mwazha) returning from a gathering. Police spokesperson Commissioner Paul Nyathi confirmed the crash, and the kombi burst into flames after impact. DNA tests are underway to identify five victims. The government has pledged support for the affected families and investigations continue.

World Bank delists Zimbabwe from fragile list

Finance Minister Mthuli Ncube hails delisting as confirmation of reforms.

The World Bank removed Zimbabwe from its Fragile and Conflict-Affected Economies classification on July 1, 2026. Finance Minister Mthuli Ncube commended the delisting, highlighting that the gesture directly confirms the impact of reforms being undertaken back home. The delisting signals significant international recognition of Zimbabwe's economic and institutional reforms. It removes the country from the World Bank's Fragile States group, which includes nations experiencing conflict or weak governance. The World Bank delisting of Zimbabwe from its fragile and conflict-affected economies list signals significant international recognition of economic reforms, which could improve investor confidence.

Zimra intensifies nationwide tax crackdown

Revenue authority steps up enforcement to ensure tax compliance.

Zimra is stepping up its nationwide crackdown to ensure all eligible citizens and businesses pay their taxes. The revenue authority is deploying more resources to enforce compliance and close the tax gap. The crackdown is a significant policy enforcement action aimed at increasing government revenue. It has potential economic and political consequences for taxpayers and the economy. The move could boost fiscal revenues and support government spending.

Karo Platinum gets 25-year mining lease

First-phase operations to start in 2027, employing 1,000 people.

Karo Platinum secured a 25-year Special Mining Lease Agreement with the Zimbabwe government for its platinum project on the Great Dyke, a major mineral-rich region. First-phase operations will start in the second half of 2027, employing 1,000 people and producing 226 ounces of platinum annually. The lease paves the way for development of the project, which is expected to boost Zimbabwe's platinum group metals output. The agreement provides long-term security for the company's investment and is a major milestone for the mining sector. The project will contribute to the mining sector's growth and create jobs.

Zimbabwe crime rate surges 38 percent

428,634 offences recorded in Q1 2026, up from 310,876 in Q1 2025.

Zimbabwe recorded 428,634 criminal offences in the first quarter of 2026, up from 310,876 in the same period last year. The 38% increase spans various crime categories, raising concerns about public safety. The sharp rise indicates a significant national security concern with widespread impact. Authorities are under pressure to address the surge. The increase could strain law enforcement resources.

Sandawana Mine relocates 104 families for lithium plant

US$300 million processing plant construction to begin after relocation.

Sandawana Mine will relocate 104 families to build a US$300 million lithium processing plant. New homes for the families are expected to be completed by the end of September 2026. Traditional leaders approved and supported the relocation, having inspected seven model houses. The programme has received local approval. The plant will boost lithium production and create jobs.

Nedbank builds new Harare headquarters

Bank cites confidence in Zimbabwe's improving economic environment.

Nedbank Zimbabwe announced plans to construct a new headquarters in Highlands, Harare, citing confidence in the country's improving operating environment. The investment reflects positive economic trends and the bank's long-term commitment. The decision comes as Zimbabwe pursues economic reforms under the gold-backed ZiG currency, with inflation moderating to single digits. The bank's investment signals strong confidence in the economy. The new headquarters will support the bank's operations and growth.

Gukurahundi hearings resume after funding halt

Chief Khumalo says hearings left unfinished due to funding constraints.

Chief Lucas Mtshane Khumalo, president of the National Council of Chiefs, announced Gukurahundi public hearings will resume after being left unfinished due to funding constraints. The hearings are part of a national process to address past atrocities and promote healing. The resumption is a crucial step in the national healing process. It has significant political and social implications for the country. The hearings aim to promote reconciliation and justice.

Eagle REIT raises US$35 million via VFEX

Unitholders approve private placements over three years.

Eagle REIT unitholders approved a plan to raise up to US$35 million through private placements on the Victoria Falls Stock Exchange over three years. The approval came at the trust's annual general meeting recently. The capital raise will be used for property acquisitions and development. It authorises the trustee and REIT manager to list the units. The move will boost the REIT's portfolio and investor returns.

Mnangagwa retires Lieutenant General Thomas Moyo

President continues pattern of retiring senior military officers.

President Emmerson Mnangagwa retired Lieutenant General Thomas Moyo, another senior military officer. The retirement continues a pattern of changes in the military leadership. The move is politically significant but routine in nature. It reflects the president's ongoing reshuffling of the military hierarchy. The retirement is part of broader military reforms.

The Jeere 2026-08-31  ·  stories

You are receiving this email because you subscribed to this newsletter.
Unsubscribe  ·  View in browser