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Zimbabwe gold makes currency history
Welcome Mavingire, managing consultant at INTELLEGO Investment Consultants, has hailed the Zimbabwe Gold (ZiG) currency's recent stability as the longest sustained period for a domestic currency in th...Published: 14 Jul 2025 at 08:10hrs | 726 | by Staff reporter
Zimbabwe adopts multi-pronged strategy to manage debt
Zimbabwe is pursuing a multi-faceted approach to address its US$21 billion debt obligations, with the government considering leveraging the country's abundant natural resource...Published: 14 Jul 2025 at 07:47hrs | 125 | by Staff reporter
Mnangagwa calls for 'new breed of heroes'
President Emmerson Mnangagwa has called on Zimbabweans to emulate national hero Dr Sydney Gata by becoming trailblazers, innovators and nation builders, saying the country is ready for a new generatio...Published: 10 Jul 2025 at 16:41hrs | 169 | by Staff reporter
Zimbabwe hopes to service external debt
Zimbabwe, locked out of international capital markets since defaulting in 1999, expects its stronger economy to help it pay back external creditors, without saying when this would begin.Financ...Published: 09 Jul 2025 at 07:48hrs | 84 | by Staff reporter
'Zimbabwe losing billions in tax revenue to informal sector'
Zimbabwe is losing between US$7.5 billion and US$8 billion in potential tax revenue every year due to the dominance of its informal sector, according to new estimates by the African Development Bank (...Published: 04 Jul 2025 at 14:22hrs | 205 | by Staff reporter
SADC donates US$98,000 refrigerated truck to Zimbabwe
In a major boost to Zimbabwe's fisheries sector, the Southern African Development Community (SADC) on Thursday handed over a three-tonne refrigerated truck valued at US$98,000 to the Zimbabwe Fish Pro...Published: 03 Jul 2025 at 19:09hrs | 4209 | by Staff reporter
AfDB flags Zimbabwe's annual financing gap
Zimbabwe will require more than US$3.7 billion annually to meet its Sustainable Development Goals (SDGs) by 2030, according to a new economic outlook report released by the African Development Bank (A...Published: 03 Jul 2025 at 09:25hrs | 111 | by Staff reporter
No water from the tap. They're asked to pay a tax anyway
HARARE, ZIMBABWE - The cholera outbreak that swept through Zimbabwe in 2008-2009 killed more than 4,000 people and sickened nearly 100,000. Parts of Harare and its surrounding suburbs were especially ...Published: 02 Jul 2025 at 10:02hrs | 448 | by Linda Mujuru, GPJ Zimbabwe
ZRA to conduct leakage test on Kariba Dam plunge pool
The Zambezi River Authority (ZRA) has announced that a controlled leakage test on Sluice 3 at Kariba Dam will take place on 2 July 2025, marking a critical milestone in the ongoing Kariba Dam Rehabili...Published: 01 Jul 2025 at 17:24hrs | 406 | by Staff reporter
Bulawayo dam deal will leave ratepayers drowning in bills
A $126 million plan to construct the Glass Block Dam in the Umzingwane catchment area could finally provide relief for Bulawayo's persistent water shortages. However, the project's private financing m...Published: 21 Jun 2025 at 09:49hrs | 341 | by Staff reporter
Zimbabwe rebuilds correspondent banking ties
The Bankers Association of Zimbabwe (BAZ) has confirmed that some regional and niche international financial institutions have begun cautiously re-engaging with Zimbabwean banks, following the lifting...Published: 19 Jun 2025 at 07:10hrs | 164 | by Staff reporter
IMF wants Zimbabwe's gold-backed ZiG to become sole currency
The International Monetary Fund (IMF) has expressed support for the full adoption of Zimbabwe's new currency, the Zimbabwe Gold (ZiG), as the country pushes to secure a staff-monitored program (SMP) t...Published: 11 Jun 2025 at 09:05hrs | 1157 | by Staff reporter
UK Minister jets into Zimbabwe for King Charles' birthday
United Kingdom Minister for Africa, Lord Collins, is expected in Harare this week where he will lead the early celebrations of King Charles III's 75th birthday on Wednesday, June 11.Although t...Published: 09 Jun 2025 at 08:31hrs | 481 | by Staff reporter
IMF kicks off crucial talks in Zimbabwe
A high-level delegation from the International Monetary Fund (IMF) has begun formal meetings with Zimbabwean authorities, launching a critical mission to assess the country's reform trajectory under t...Published: 05 Jun 2025 at 11:33hrs | 603 | by Staff reporter
10 rich countries non-committal on Zimbabwe's $2.6b bridge financing appeal
Zimbabwe is yet to secure any firm pledges of financial support from the 10 countries it appealed to in its ongoing bid to settle long-standing debt arrears.The southern African nation is burd...Published: 02 Jun 2025 at 12:47hrs | 889 | by Staff reporter
IMF team set to arrive in Zimbabwe
Zimbabwe is poised to take a crucial step towards restoring its economic credibility and unlocking foreign investment, with an International Monetary Fund (IMF) delegation expected this week to finali...Published: 01 Jun 2025 at 14:25hrs | 277 | by Staff reporter
Trabablas immortalised?
Yesterday, President Emmerson Mnangagwa officially inaugurated the Trabablas Interchange, a flagship US$88 million infrastructure project designed to transform north-south traffic flow in Harare by re...Published: 31 May 2025 at 14:05hrs | 1863 | by Staff reporter
Zimbabwe misses €150 billion conditional funding from EU
Europe and Africa's strategic partnership has entered an exciting new phase, with both continents reaffirming their commitment to deepen economic cooperation and promote global peace. However, Zimbabw...Published: 30 May 2025 at 12:14hrs | 393 | by Staff reporter
Afreximbank exposes US$2,4 billion hole in Zimbabwe external debt
The African Export-Import Bank (Afreximbank) has revealed a significant US$2.4 billion discrepancy in Zimbabwe's official external debt data, raising fresh concerns over the credibility of the country...Published: 30 May 2025 at 12:09hrs | 215 | by Staff reporter
Zimbabwe to benefit from surge in remittances
Zimbabwe stands to gain significantly from a projected surge in remittance inflows into Africa, with the African Development Bank (AfDB) forecasting that the continent will receive US$100 billion in r...Published: 30 May 2025 at 08:58hrs | 131 | by Staff reporter
Zimbabwe-Zambia scramble to revive US$5bn power project
More than three decades after it was first proposed, the Batoka Gorge Hydropower Project is back in the spotlight as Zimbabwe and Zambia renew efforts to revive the long-stalled US$5 billion energy ve...Published: 29 May 2025 at 13:22hrs | 3822 | by Staff reporter
Cash-hoarding cripples Zimbabwe banking sector
Zimbabwe's banking sector is under immense strain due to a severe liquidity crisis, with billions of dollars being hoarded outside the formal financial system by wealthy individuals. This alarming dev...Published: 29 May 2025 at 13:18hrs | 721 | by Staff reporter
'Zimbabwe could unlock US$9bn from retaken land'
The outgoing president of the African Development Bank (AfDB), Akinwumi Adesina, has revealed that Zimbabwe could unlock up to US$9 billion from land seized during the 2001 fast-track land reform prog...Published: 29 May 2025 at 10:24hrs | 212 | by Staff reporter
Africa set to attract $100 billion in remittance inflows
The African Development Bank (AfDB) has projected that Africa will receive approximately US$100 billion in remittance inflows in 2025, as the continent positions itself to harness the full potential o...Published: 29 May 2025 at 10:20hrs | 27 | by Staff reporter
UK Minister for Africa to visit Zimbabwe
Zimbabwe and the United Kingdom are set to deepen diplomatic and economic ties with the anticipated visit of UK Minister for Africa, Lord Collins, in what is shaping up to be a historic shift in relat...Published: 28 May 2025 at 12:16hrs | 679 | by Staff reporter
Zimbabwe turns to sugar, fast foods, and booze for revenue
Zimbabwe's Treasury is relying heavily on taxes imposed on sugar, fast food, and alcoholic beverages to recoup hundreds of millions of dollars lost following sharp cuts in official development assista...Published: 28 May 2025 at 11:02hrs | 421 | by `
Zimbabwe sees $2.6bn bridge finance in place by early 2026
Zimbabwe anticipates securing $2.6 billion in bridge financing by the first quarter of next year, a crucial step needed to repay debt owed to international financial institutions and regain access to ...Published: 28 May 2025 at 10:51hrs | 118 | by Staff reporter
Zimbabwe's economic reforms gain momentum with IMF deal
Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, has announced that Zimbabwe expects to secure a Staff Level Agreement (SLA) with the International Monetary Fun...Published: 28 May 2025 at 10:38hrs | 99 | by Staff reporter
Zimbabwe's debt indaba on, AfDB meetings start
The African Development Bank Group (AfDB) has commenced its 2025 annual meetings today, featuring key agenda items including Zimbabwe's arrears clearance and debt resolution process, as well as ...Published: 26 May 2025 at 08:31hrs | 146 | by Staff reporter
Zimbabwe missing out on mega EU loans - loans have to be paid back
Zimbabwe is missing out on crucial loans from Europe's largest financial institutions, including the European Investment Bank (EIB), due to its unsustainable debt burden, the European Union's ambassad...Published: 26 May 2025 at 08:16hrs | 53 | by Staff reporter
Zimbabwe targets 2030 to clear US$21 billion debt
Zimbabwe has set an ambitious 2030 deadline to clear its ballooning US$21 billion public debt, in a bid to create the foundations for a stable mono-currency regime anchored by the Zimbabwe Gold (ZiG) ...Published: 19 May 2025 at 09:21hrs | 126 | by Staff reporter
Zimbabwe, IMF talks underway
Zimbabwe has entered into preliminary discussions with the International Monetary Fund (IMF) for a new Staff-Monitored Programme (SMP), marking a significant step toward restoring the country's econom...Published: 18 May 2025 at 11:51hrs | 165 | by Staff reporter
Botswana gets $304 million AfDB loan
The African Development Bank (AfDB) has approved a $304 million loan to Botswana as the country grapples with rising fiscal pressures and seeks to implement crucial governance and economic reforms. Th...Published: 16 May 2025 at 17:29hrs | 457 | by Staff reporter
IDBZ CEO Sakala set to step down
Mr. Thomas Zondo Sakala, the Chief Executive Officer (CEO) of the Infrastructure and Development Bank of Zimbabwe (IDBZ), is set to step down from his position in August this year after completing a s...Published: 13 May 2025 at 10:08hrs | 243 | by Staff reporter
Sunway City targets 70% growth in five years
Sunway City, one of Zimbabwe's flagship special economic zones (SEZs) and a major smart city development project, is aiming to reach at least 70 percent completion within the next five years as part o...Published: 11 May 2025 at 21:57hrs | 854 | by Staff reporter
Senegal backs Zimbabwe UNSC seat bid
Senegal has pledged full support for Zimbabwe's bid for a non-permanent seat on the United Nations Security Council (UNSC) for the 2027–2028 term, in a strong show of solidarity that further cements...Published: 08 May 2025 at 09:41hrs | 91 | by Staff reporter
Zimbabwe in US$17bn power investment push
Zimbabwe has embarked on an ambitious initiative to attract global investment into its energy sector, aiming to mobilise over US$16.8 billion over the next five years to enhance electricity generation...Published: 28 Apr 2025 at 12:33hrs | 86 | by Staff reporter
AfDB says Zimbabwe seeks $2.6bn in bridge finance to overhaul debt
The African Development Bank said Zimbabwe has proposed seeking $2.6 billion in bridge finance to help it clear arrears owed to international financial institutions as it attempts to break a debt impa...Published: 24 Apr 2025 at 21:18hrs | 132 | by Staff reporter
Mthuli Ncube unveils industrial development facilities
Zimbabwe's Finance Minister, Mthuli Ncube, has outlined a comprehensive strategy aimed at supporting the growth of micro, small, and medium-sized enterprises (MSMEs) in the country. The initiative, wh...Published: 24 Apr 2025 at 21:17hrs | 287 | by Staff reporter
Zimbabwe unveils fund to support value chains
The Government of Zimbabwe has launched the Industrial Development Fund (IDF) to support the strengthening of domestic value chains, promote industrial growth, and increase the export of value-added g...Published: 24 Apr 2025 at 07:20hrs | 69 | by Staff reporter
SMEs drive Zimbabwe's manufacturing sector
Zimbabwe's manufacturing industry is largely being sustained by small to medium enterprises (SMEs), with fresh calls emerging for a strategic revival of the sector amid concerns over fluctuating perfo...Published: 24 Apr 2025 at 07:13hrs | 23 | by Staff reporter
IMF, World Bank urged to back Zimbabwe economic recovery efforts
Former Mozambican President Dr Joaquim Chissano and African Development Bank (AfDB) President Dr Akinwumi Adesina have called on the International Monetary Fund (IMF) and the World Bank to support Zim...Published: 23 Apr 2025 at 08:29hrs | 137 | by Staff reporter
Kariba floodgates partially opened
The Zambezi River Authority (ZRA) has begun commissioning tests on the newly rehabilitated sluice gates at Kariba Dam, marking a critical phase in the near-completion of a major rehabilitation project...Published: 14 Apr 2025 at 09:06hrs | 333 | by Staff reporter
Zimbabwe issues dollar bonds to pay ex-farmers for land grabs
Zimbabwe issued treasury bonds worth $308 million and made small cash payments to White farmers who were dispossessed of their property 25 years ago under a state-backed land reform program.Th...Published: 12 Apr 2025 at 09:16hrs | 126 | by Staff reporter
Zimbabwe white former farmers start receiving compensation
The Government of Zimbabwe has begun compensating white former commercial farmers whose land was repossessed during the Land Reform Programme, marking a pivotal step in the country's efforts to resolv...Published: 10 Apr 2025 at 09:01hrs | 91 | by Staff reporter
Zimbabwe lines up seven sponsors to clear arrears
Zimbabwe is actively negotiating with seven potential sponsors, including individual countries, multilateral financial institutions, and private financiers, to secure the necessary funding, guarantees...Published: 23 Mar 2025 at 08:13hrs | 1003 | by Staff reporter
Zimbabwe, Botswana border impasse rages on
A long-standing border dispute between Zimbabwe and Botswana, sparked by the construction of the Kazungula Bridge, continues to be a contentious issue four years after the US$259.3 million project was...Published: 15 Mar 2025 at 11:58hrs | 14178 | by Staff reporter
Zimbabwe could clear arrears with bold reforms
Zimbabwe could clear its arrears and rework $21 billion in debt that's kept it locked out of international capital markets for more than a quarter of a century if it implements fiscal reforms, the Wor...Published: 27 Feb 2025 at 11:05hrs | 357 | by Staff reporter
Zimbabwe among Africa's fastest-growing economies in 2025
Zimbabwe is expected to be one of Africa's fastest-growing economies this year, with the African Development Bank (AfDB) forecasting a 5.3 percent growth rate.This strong projection is slightl...Published: 26 Feb 2025 at 07:42hrs | 376 | by Staff reporter
How Trump's Paris Climate Agreement withdrawal impacts Zimbabwe and the path forward
THE decision by U.S. President Donald Trump to withdraw the United States from the Paris Climate Agreement this year has once again sent shockwaves across the global community.While the move w...Published: 18 Feb 2025 at 20:16hrs | 923 | by Tendai Ruben Mbofana
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