Business / Economy
ZIMRA Officially Commissions TaRMS
The Zimbabwe Revenue Authority (ZIMRA) proudly announces the official commissioning of its Tax Administration and Revenue Management System (TaRMS) on...Published: 19 Aug 2025 at 07:53hrs | 691 | by ZIMRA
Community pushes for official recognition of Tji Zhawunda
The community of Gwanda District in Matabeleland South Province is taking steps to have Tji Zhawunda officially recognised as one of Zimbabwe's nation...Published: 13 Aug 2025 at 12:22hrs | 155 | by Staff reporter
Zera announces drop in LPG prices
THE Zimbabwe Energy Regulatory Authority (Zera) has announced a reduction in Liquefied Petroleum Gas (LPG) prices in both US dollars and local currenc...Published: 13 Aug 2025 at 12:10hrs | 185 | by Staff reporter
Jilted lover rapes lover's Grade 5 daughter twice
A Dzivaresekwa man, who had been dumped in a failed relationship, is on the run for allegedly raping his erstwhile lover's daughter.The jilted...Published: 13 Aug 2025 at 09:09hrs | 381 | by Staff reporter
Zimbabwe banks show strong capital buffers
Most Zimbabwean banking institutions have exceeded minimum regulatory capital requirements, signalling stability, resilience, and soundness in the cou...Published: 13 Aug 2025 at 09:08hrs | 208 | by Staff reporter
Zimbabwe to unveil de-dollarization roadmap in November
Zimbabwe's central bank has announced its decision to launch a de-dollarisation roadmap in November, along with the new five-year economic blueprint....Published: 12 Aug 2025 at 11:01hrs | 433 | by Staff reporter
Logistics firm in exchange control violation
Mapho Tradelink Procurement and Logistics Private Limited, a leading procurement and logistics company, has been taken to court for allegedly breachin...Published: 08 Aug 2025 at 13:08hrs | 196 | by Staff reporter
Blue Train service between Pretoria and Vic Falls relaunched
South Africa's national railway company, Transnet, has re-launched its iconic luxury tourist train service connecting Pretoria and Zimbabwe's tourism ...Published: 08 Aug 2025 at 13:08hrs | 554 | by Staff reporter
Chillmaster back in court
Top musician Kudakwashe Gift Hombarume, popularly known as Chillmaster, will face a fresh inquiry into his culpable homicide case after the High Court...Published: 08 Aug 2025 at 13:06hrs | 254 | by Staff reporter
Auxillia Mnangagwa's rehab centre overwhelmed
The drug and substance abuse rehabilitation centre established by First Lady Auxillia Mnangagwa in Mbare is struggling to cope with demand, with hundr...Published: 08 Aug 2025 at 13:04hrs | 933 | by Staff reporter
'ZiG outperforms regional peers'
The Reserve Bank of Zimbabwe (RBZ) has lauded the Zimbabwe Gold (ZiG) currency for its sustained stability and strong performance compared to several ...Published: 08 Aug 2025 at 13:02hrs | 309 | by Staff reporter
SA court orders repatriation of Edgar Lungu
The full bench of the Pretoria High Court in South Africa has ruled that the body of former Zambian President Edgar Lungu must be repatriated to Zambi...Published: 08 Aug 2025 at 10:57hrs | 588 | by Staff reporter
RBZ crackdown on money laundering
Following an intensive investigation into smuggling, money laundering, and financial externalisation, Zimbabwean authorities have launched a crackdown...Published: 08 Aug 2025 at 09:15hrs | 590 | by Staff reporter
Zimbabweans pledge property for loans
Zimbabweans are increasingly pledging household items such as beds, fridges, and other personal property as collateral to secure small loans from fina...Published: 08 Aug 2025 at 09:03hrs | 427 | by Staff reporter
Dembare prioritising relegation survival
Dynamos FC, the defending champions of the Chibuku Super Cup, have revealed that this season their main focus is survival in the league rather than ch...Published: 08 Aug 2025 at 09:01hrs | 199 | by Staff reporter
RBZ upholds tight monetary policy to protect ZWG
The Reserve Bank of Zimbabwe (RBZ) on Thursday reaffirmed its tight monetary policy stance as a key strategy to conserve the local currency, despite m...Published: 08 Aug 2025 at 08:59hrs | 158 | by Staff reporter
Mafume supports ban on pre-owned clothes
While the government faces criticism over its ban on the importation and sale of second-hand clothing in urban areas, Harare Mayor Jacob Mafume has pu...Published: 08 Aug 2025 at 08:56hrs | 193 | by Staff reporter
Gold Backed Currency vs Dollarisation: Lessons from Zimbabwe's New ZiG
Since April 2024, Zimbabwe has started a new monetary policy by introducing a gold-backed currency known as the Zimbabwe Gold (ZiG), to ge...Published: 03 Aug 2025 at 23:27hrs | 462 | by Staff Reporter
India lauds trade prospects with Zimbabwe, projects implementation
The Indian Ambassador to Zimbabwe, His Excellency, Mr Bramha Kumar, has lauded trade prospects between Zimbabwe and India while reminding that he look...Published: 28 Feb 2025 at 12:58hrs | 338 | by Gideon Madzikatidze
Zimbabwe Banking on Gold to Drive Economic Growth and Foreign Currency Inflows
Zimbabwe's gold sector is on track to significantly boost the country's economy, with output projected to reach 40 tonnes this year. This growth is at...Published: 07 Jan 2025 at 18:19hrs | 852 | by Ndou Paul
Zimbabwe Industrial Reconstruction and Growth Plan launched
The Zimbabwe Industrial Reconstruction and Growth Plan (ZIRGP) has been officially launched, marking a critical step toward revitalizing the country's...Published: 07 Jan 2025 at 14:02hrs | 434 | by Staff Reporter
Zimbabwe's foreign policy contributes to the economic growth trajectory
Zimbabwe's foreign policy in the past six years has been commended for contributing to the economic growth trajectory under the Second Republic....Published: 26 Dec 2024 at 17:05hrs | 651 | by Staff reporter
Chiwenga Calls for Indian Investment
Zimbabwe's Vice President, General (Retired) Constantino G. D. N. Chiwenga, has invited potential Indian...Published: 17 Oct 2024 at 07:20hrs | 522 | by Gideon Madzikatidze and Simbarashe Sithole
Zimbabwean Mine Workers Demand Cost of Living Adjustments Amid Economic Crisis
Harare, Zimbabwe - The National Employment Council for the mining industry has received a petition calling for immediate cost of living adjustments to...Published: 16 Oct 2024 at 17:03hrs | 838 | by Stephen Jakes
ZDAMWU embarks on regional meetings to strengthen structures
The Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) is conducting a series of regional meetings to implement its Congress resolutions and ...Published: 08 Oct 2024 at 09:19hrs | 230 | by Stephen Jakes
Zimbabwe Abandons Weakened Dollar for Gold-Linked Currency
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu unveiled the 2024 Monetary Policy Statement (MPS) this afternoon, outlining a comprehens...Published: 05 Apr 2024 at 13:28hrs | 122 | by Staff Reporter
'RBZ reserves inadequate'
New Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu talking to journalists at the central bank in Harare on Thursday during a handover takeo...Published: 04 Apr 2024 at 21:16hrs | 114 | by Staff reporter
Somaliland Economic Forum 2023: A gateway to sustainable Investment
The upcoming Somaliland Economic Forum 2023, scheduled to take place on 13-14 October at the prestigious Ambassador Hotel in Hargeisa, holds tremendou...Published: 02 Oct 2023 at 09:52hrs | 18 | by Nicholas Ncube
Zimbabwe explores option of issuing digital currency
The Reserve Bank of Zimbabwe (RBZ) is exploring the option of issuing digital currency, a move that could revolutionize the way money is used in the c...Published: 13 Aug 2023 at 09:06hrs | 35 | by Staff Reporter
Zimbabwe government defies calls to abandon Zimdollar as it continues to lose value
Inflation in Zimbabwe is currently at 75%, and is expected to rise even higher in the coming months. This is due in part to the government's decision ...Published: 19 May 2023 at 08:41hrs | 21 | by Staff Reporter
Zimbabwe hosts fourth Structured Dialogue Platform on arrears clearance and debt resolution process
Zimbabwe has concluded a fourth Structured Dialogue Platform meeting on debt clearance with creditors and development partners.Government and ...Published: 15 May 2023 at 11:09hrs | 19 | by APO
AfDB facilitates 3rd Structured Dialogue Platform meeting in Harare on Zimbabwe Arrears Clearance and Debt Resolution process
HARARE - Zimbabwe moved closer to resolving its debt issues last week as it hosted the third debt and ar...Published: 04 Apr 2023 at 18:18hrs | 18 | by APO
Mangudya warns against forex loans
In a situation where there is little foreign currency in the market despite the banking sector having US$2,5 billion in nostro deposits, Reserve Bank ...Published: 12 Mar 2023 at 06:37hrs | 17 | by Staff Reporter
Reserve Bank slashes lending rates, increases forex retention
THE Reserve Bank of Zimbabwe (RBZ) has trimmed its bank policy rate to 150 percent from 200 percent per annum and increased foreign currency retention...Published: 02 Feb 2023 at 22:58hrs | 139 | by Staff Reporter
ZERA Raises Fuel Prices
Zimbabwe Energy Regulatory Authority (ZERA) has raised fuel prices in its latest review, which is effective January 26, 2023.In a statement se...Published: 27 Jan 2023 at 10:36hrs | 142 | by Tarisai Mudahondo
Zimdollar loses grip against USD
THE local dollar lost its grip against the United States dollar at the Reserve Bank of Zimbabwe (RBZ)'s auction system, which resumed on Tuesday with ...Published: 12 Jan 2023 at 07:38hrs | 149 | by Staff Reporter
Zimbabwe miners in urgent plea for forex
THE Chamber of Mines of Zimbabwe says it is engaging authorities to come up with mechanisms that can accommodate the foreign currency requirements for...Published: 24 Nov 2022 at 04:59hrs | 140 | by Staff reporter
Zimbabwe to manufacture lithium batteries
Zimbabwe plans to manufacture lithium batteries and has since struck an agreement with a potential investor willing to set up a plant, Mines and Minin...Published: 16 Oct 2022 at 15:40hrs | 146 | by Staff reporter
Zimbabwean dollar gaining value
Parallel market exchange rate responds to RBZ measuresTREASURY has been hailed for tightening screws on money supply growth in the market, in ...Published: 09 Aug 2022 at 17:57hrs | 140 | by Staff Reporter
Currency Crimes: Four banks to face the music
FOUR banks have been placed under intense scrutiny and will face stiff penalties from the Financial Intelligence Unit (FIU) over allegations of involv...Published: 08 Jun 2022 at 07:29hrs | 141 | by Staff Reporter
Bank lending freeze targets big corporates enjoying 'arbitrage profits'
HARARE - The Zimbabwe government is clamping down on big corporates which borrowed billions in Zimbabwean dollars and allegedly used the money for spe...Published: 13 May 2022 at 14:50hrs | 146 | by Staff Reporter
IMF applauds Zimbabwe on meeting NDS1 targets
THE International Monetary Fund (IMF) has applauded Zimbabwe for meeting the National Development Strategy (NDS1). This is revealed in th...Published: 18 Apr 2022 at 12:32hrs | 140 | by Stephen Jakes
Mining sector key to Zim economy: Zimcodd
The mining sector is a key sector for Zimbabwe as it contributes about 60% to annual export receipts and at least 14% to Gross Domestic Product (GDP)....Published: 16 Mar 2022 at 11:30hrs | 139 | by Stephen Jakes
Zimbabwe strikes diamond in Europe
Zimbabwe has the potential to produce diamonds worth US$5 billion annually, leading investors who are coming into the country- with more than 500 year...Published: 19 Feb 2022 at 08:26hrs | 148 | by Staff Reporter
Zimbabwe government looks to own digital currency, not crypto
As digital currencies expand and become mainstream and normalised, it is not going to be unusual to find governments around the world considering the ...Published: 17 Dec 2021 at 11:53hrs | 177 | by Staff Reporter
Positive growth visible, says Mthuli
The economy is on a robust growth and development trajectory, with major sectors performing above projected levels despite the existence of a number o...Published: 29 Oct 2021 at 09:07hrs | 152 | by Staff Reporter
Monthly inflation rate surges to 6,4%
Zimbabwe's month-on-month inflation for October 2021 climbed to 6,4 percent, its highest level since August 2020 when it touched its highest point of ...Published: 27 Oct 2021 at 22:14hrs | 150 | by Business Reporter
Pre-training on new border traffic flow gathers momentum
The training of border agencies at Beitbridge Border Post has gathered moment as the Government prepares to open the newly built commercial freight te...Published: 26 Sep 2021 at 10:12hrs | 160 | by Staff Reporter
Naming, shaming, SI 127 key for market discipline
NAMING, shaming and imposing heavy penalties against entities caught abusing funds obtained from the auction will reinforce the platform's role as the...Published: 13 Jul 2021 at 08:53hrs | 138 | by Staff Reporter
RBZ introduces new ZW$50 note
The Reserve Bank of Zimbabwe (the Bank) wishes to advise the public that the ZW$50 banknote issued on 6 July 2021 through Statutory Instrument 196 of ...Published: 06 Jul 2021 at 15:48hrs | 148 | by Staff Reporter
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