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'ZWG inflation won't affect consumer purchasing power'
The Reserve Bank of Zimbabwe (RBZ) has downplayed alarm over the country's surging annual ZWG inflation, urging economic players to disregard year-on-year figures and instead focus on more reflective ...Published: 05 Jun 2025 at 10:07hrs | 76 | by Staff reporter
RBZ projects inflation drop by September
The Reserve Bank of Zimbabwe (RBZ) has assured the nation that inflation remains under control, despite seemingly high annual inflation rates, attributing the figures to technical distortions arising ...Published: 04 Jun 2025 at 13:31hrs | 130 | by Staff reporter
Nurses clash with Parirenyatwa over US$150 graduation fee
A storm is brewing at Parirenyatwa Group of Hospitals as graduate nurses demand clarity and flexibility over a mandatory US$150 graduation and administration fee - insisting that being forced to pay i...Published: 03 Jun 2025 at 09:25hrs | 354 | by Staff reporter
ZiG inflation rises to 92%
Zimbabwe's annual inflation measured in the local currency (ZiG) surged to 92.1% in May 2025, up from April's 85.7%, signaling growing challenges for the Reserve Bank of Zimbabwe (RBZ) in containing t...Published: 31 May 2025 at 14:04hrs | 1079 | by Staff reporter
Delta highlights Zimbabwe's economic
Delta Corporation, Zimbabwe's leading brewer and soft drinks manufacturer, has painted a stark picture of the nation's economy, highlighting its persistent fragility despite signs of resilience in con...Published: 16 May 2025 at 15:03hrs | 667 | by Staff reporter
RBZ moves to boost ZiG use
The Reserve Bank of Zimbabwe (RBZ) has launched a bold initiative to boost the circulation of the Zimbabwean currency, ZiG, in a bid to address widespread currency shortages and reduce the country's d...Published: 14 May 2025 at 10:11hrs | 3822 | by Staff reporter
Zimbabwe lifts exchange rate controls
Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability a...Published: 17 Apr 2025 at 07:36hrs | 11467 | by Staff reporter
Banks smile all the way to the bank, while depositors bear cost of high fees
Shareholders in Zimbabwe's banking sector are enjoying robust returns on their investments, as banks continue to post strong profits and declare sizeable dividends. However, concerns are mounting amon...Published: 13 Apr 2025 at 09:46hrs | 635 | by Staff reporter
Hoarding cash undermines Zimbabwe economy
Stashing cash in safe deposit boxes, a practice often used to secure valuables, is adversely affecting the smooth functioning of the economy by diverting funds away from productive sectors, according ...Published: 13 Apr 2025 at 09:38hrs | 174 | by Staff reporter
The closure of VoA Studio 7 is a victory for tyranny in Zimbabwe!
The oppressed people of Zimbabwe have lost another voice! The closure of the Voice of America (VoA), particularly its Zimbabwe-focused service Studio 7, marks a dark and devastating chapter fo...Published: 23 Mar 2025 at 21:00hrs | 1094 | by Tendai Ruben Mbofana
Tamborinyoka's Corruption List: Fact or Fiction?
Luke Tamborinyoka is a name that sunk into political oblivion with the passing of Morgan Tsvangirai. Emmerson Mnangagwa in a display of love and putting country over political differences granted Morg...Published: 05 Mar 2025 at 16:03hrs | 1805 | by John Mbizvo
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 vendors required to use POS machines
The Government has introduced a directive requiring all vendors to use Point of Sale (POS) machines and open bank accounts as part of their registration process. This initiative, implemented in collab...Published: 13 Feb 2025 at 06:30hrs | 751 | by Staff reporter
Mnangagwa returns with battered image?
President Emmerson Mnangagwa has officially returned to active duty after his annual leave, but his comeback is marred by intense political and economic turbulence. While Mnangagwa was on leave, Vice ...Published: 05 Feb 2025 at 12:11hrs | 1668 | by Staff reporter
Innscor engages govt over tax
Innscor Africa Limited has raised concerns over high taxes and their detrimental impact on the company's profitability, warning that the escalating cost-push pressures are putting a strain on its fina...Published: 18 Nov 2024 at 15:06hrs | 185 | by Staff reporter
History of Zimbabwe 90% distorted
Former Zimbabwe People's Revolutionary Army (Zipra) fighters have been called upon to document their liberation struggle experiences to preserve Zimbabwe's authentic history and prevent distortions.&n...Published: 05 Nov 2024 at 08:16hrs | 433 | by Staff reporter
Councillors hail Chitepo school of ideology
Several councillors from Mashonaland West and Central have hailed the Hebert Chitepo School of Ideology as an inclusive and transformative programme with capacity to change community behaviour and att...Published: 21 Oct 2024 at 22:30hrs | 819 | by Gideon Madzikatidze/Simbarashe Sithole
Billions 'wiped off' Zimbabwe banks
Bankers in Zimbabwe have attributed a significant downturn in revenues to frequent changes in the country's functional currency, as first-half financial statements revealed a staggering loss of billio...Published: 18 Oct 2024 at 12:28hrs | 1435 | by Staff reporter
'ZiG defence plan doomed'
The introduction of Zimbabwe's gold-backed currency, Zimbabwe Gold (ZiG), has faced a series of severe setbacks, pushing the economy deeper into turmoil, according to a new report by the Confederation...Published: 05 Oct 2024 at 16:35hrs | 2670 | by Staff reporter
An Open Letter to Finance Minister Mthuli Ncube
Dear Finance Minister Mthuli Ncube,As you navigate the complexities of Zimbabwe's economic landscape, a pressing matter deserves your urgent attention: the persistent depreciation of the Zimba...Published: 27 Sep 2024 at 22:51hrs | 849 | by Engineer Jacob Kudzayi Mutisi
Zimbabwe urged to ditch 'command' exchange rate
The government of Zimbabwe is facing increasing pressure to abandon its "command" exchange rate for the Zimbabwe Gold (ZiG) currency, introduced in April, as businesses struggle to cope with currency ...Published: 25 Sep 2024 at 09:21hrs | 3978 | by Staff reporter
Currency crisis piles more misery on fragile Zimbabwe economy
Leading economists have raised concerns over the potential economic impact of the recent waves of price hikes and currency volatility, which threaten to further destabilize an already fragile economy....Published: 20 Sep 2024 at 13:12hrs | 3500 | by Staff reporter
Sadc leaders tour Zimbabwe's Geo Pomona, Liberation City
During the 44th SADC Heads of State and Government Summit, regional leaders took a break from their busy schedules to tour Geo Pomona Waste Management Private Limited and the Museum of African Liberat...Published: 19 Aug 2024 at 06:54hrs | 244 | by Staff reporter
Chamisa bounces back
OPPOSITION leader Nelson Chamisa continues to apply pressure on SADC, nine months after last year’s chaotic general elections, revealing in a Monday statement that the regional body is giving the ma...Published: 27 May 2024 at 17:19hrs | 8 | by Staff reporter
Zimbabwe police to conduct blitz on street traders manipulating ZiG currency
Finance Minister Mthuli Ncube has announced plans for law enforcement crackdowns on black market traders accused of manipulating Zimbabwe's new structured currency, the Zimbabwe Gold (ZiG). This initi...Published: 11 Apr 2024 at 18:31hrs | 1 | by Staff reporter
RBZ adopts market-based exchange rate
THE Reserve Bank of Zimbabwe (RBZ) has adopted a market-determined system for setting exchange rates, with the auction system being replaced by a refined interbank foreign exchange market which connec...Published: 06 Apr 2024 at 08:06hrs | | by Staff reporter
'54% Zimbabweans unemployed'
ONLY 46,3% of Zimbabwe's working age population are employed, the Zimbabwe National Statistics Agency (ZimStat)'s latest figures have revealed.In its 2023 fourth quarter labour force survey, Z...Published: 21 Feb 2024 at 07:17hrs | 2 | by Staff reporter
IMF trashes Zimbabwe inflation statistics
Government last year directed the Zimbabwe National Statistics Agency (Zimstat) to stop publishing local currency indexed inflation and switch to the blended rate, which it said was ideal as the count...Published: 16 Feb 2024 at 15:22hrs | 1 | by Staff reporter
IMF wants Zimbabwe central bank to dump monetary policies
THE International Monetary Fund (IMF) has advised government to cut the Reserve Bank of Zimbabwe's (RBZ) role in crafting monetary policies to just its core functions, after the local currency depreci...Published: 15 Feb 2024 at 10:07hrs | 3 | by Staff reporter
IMF tells Zimbabwe to deal with Zimdollar issue
THE International Monetary Fund (IMF) has implored the government to remove the 10% trading margin on domestic transactions, saying the policy was causing exchange restrictions and distortions....Published: 15 Feb 2024 at 10:05hrs | 4 | by Staff reporter
Zimdollar further tumbles against US dollar
The cost of goods and services keeps on increasing in Zimbabwe as the local currency depreciates against the U.S. dollar, a trend that accelerated at the beginning of 2024.The local dollar, which ...Published: 18 Jan 2024 at 17:52hrs | 1 | by Staff reporter
Only licensed traders can purchase from manufacturers in Zimbabwe
The Zimbabwe Revenue Authority (Zimra) said on Wednesday that only licensed and tax-compliant traders can purchase from manufacturers and wholesalers in a bid to encourage tax compliance and bolster g...Published: 04 Jan 2024 at 06:02hrs | 14 | by Staff reporter
CCZ warns retailers on price distortions
The Consumer Council of Zimbabwe (CCZ) has issued a stern warning to retail outlets, demanding responsible pricing on all goods and strict adherence to the foreign currency auction system if operating...Published: 28 Dec 2023 at 10:27hrs | 13 | by Staff reporter
Zimdollar worse off since 2022
THE local currency, the Zimbabwean dollar, has continued to depreciate against the United States dollar on an unrestrained trajectory, despite various measures implemented by the Reserve Bank of Zimba...Published: 03 Dec 2023 at 19:20hrs | 12 | by Tinashe Duma
Ex ZPRA commanders appeals for assistance
FORMER Zpra commander John Maluzo Ndlovu is bitter over the neglect of veterans of the liberation struggle as he appealed to well-wishers to fund his medical bills for injuries sustained during the wa...Published: 26 Nov 2023 at 08:34hrs | 15 | by Staff reporter
Zimbabwe central bank must consider introducing a ZW$500 000 note
This week, a prominent price monitoring thinktank emphasized the need for the Reserve Bank of Zimbabwe (RBZ) to contemplate the introduction of a ZW$500,000 note as the Zimbabwean currency continues t...Published: 22 Oct 2023 at 14:06hrs | 1 | by Staff reporter
UN tells Zimbabwe to make changes to attract FDI
The United Nations (UN) has urged Zimbabwe to implement necessary changes to attract foreign direct investment (FDI) as global foreign assistance diminishes, moving away from quiet diplomacy. This adv...Published: 12 Oct 2023 at 06:41hrs | 2 | by Staff reporter
Mnangagwa's son calls for urgent finance mobilisation
David Kudakwashe Mnangagwa, the newly-appointed Deputy Finance Minister, has emphasized the urgent need to explore innovative ways of mobilizing public and private resources to support sustainable eco...Published: 02 Oct 2023 at 06:27hrs | 6 | by Staff reporter
Zimbabwe gold production slumps 15%
ZIMBABWE'S gold production fell 15 percent to 19,3 tonnes in the first eight months of the year partly due to lack of funding by the small-scale miners to modernize operations.According to dat...Published: 20 Sep 2023 at 06:25hrs | | by Staff reporter
Gold tokens to become medium of exchange in Zimbabwe
THE Reserve Bank of Zimbabwe (RBZ) is finalising the modalities of rolling out the gold-backed digital tokens as a medium of exchange for domestic transactions to complement the US dollars, Governor D...Published: 10 Aug 2023 at 06:43hrs | 12 | by Staff reporter
'Zimbabwe inflation to reach double figures in 2024'
ZIMBABWE has recorded the highest poverty levels across the southern African region although inflation is expected to go down in 2024 as the government maintains a tight monetary policy and global pri...Published: 31 Jul 2023 at 07:00hrs | 9 | by Staff reporter
How to minimize stress at work
Work stress is inevitable, and there are some aspects of any job that can create tension. But long-term exposure to these stressors can lead to burnout and other undesired consequences for employees....Published: 28 Jul 2023 at 16:15hrs | 95 | by Staff Reporter
Dabengwa snub irks war veterans
Zapu ex-combatants have expressed frustration after the state failed to recognise Zodwa Dabengwa nee-Khumalo, the widow to the late liberation war stalwart, Dumiso Dabengwa, as a national heroine....Published: 09 Jul 2023 at 10:36hrs | 14 | by Staff reporter
Multichoice believes Zimbabwe may prove a better market than Nigeria
Multichoice, which is banking on economic and monetary policy reforms in Nigeria to offset exchange rate losses, considers Zimbabwe an important market that is better than its West African counterpart...Published: 06 Jul 2023 at 09:17hrs | 1 | by Staff reporter
Uncle Sam lacks moral authority to lecture on democracy
ON Thursday 29 June, President Mnangagwa addressed a gathering of small scale miners where he emphasised his Government's support to the most productive sectors of the economy. He told the min...Published: 03 Jul 2023 at 07:05hrs | 13 | by Ranga Mataire
Zimbabwean business fears its government will interfere with the exchange rate
ZIMBABWEAN businesses fear that President Emerson Mnangagwa's administration, which is blaming foreign companies of inflating prices ahead of a key election in August, could resort to interfering with...Published: 26 Jun 2023 at 06:52hrs | 124 | by Staff reporter
Zimbabwe business jittery as electioneering goes a gear up
The business community fears that the government could resort to exchange rate control to manage inflation and price increases. Picture: Shepherd TozvirevaZimbabwean businesses fear that Presi...Published: 25 Jun 2023 at 09:37hrs | | by Staff reporter
Busisiwe Mkhwebane merely annoyed agents of white monopoly capital
In my view, both Tina Joemat-Pettersson (may her soul repose peacefully) and Busisiwe Mkhwebane are victims of a system that lives off the subjugation of women, where women are treated very differentl...Published: 21 Jun 2023 at 17:18hrs | 1 | by Lindiwe Sisulu
Kembo Mohadi slams propaganda cartels
ZANU- PF Second Secretary, Kembo Mohadi has slammed Western media and propaganda cartels using social media for causing unwarranted panic among citizens through their ill-conceived messaging on price ...Published: 16 Jun 2023 at 07:51hrs | 1 | by Staff reporter
Retailers defy Mnangagwa's government
SOME big supermarkets in Bulawayo are now exclusively charging certain goods and products in foreign currency and using the black-market rate for currency conversions in defiance of Government monetar...Published: 15 Jun 2023 at 06:44hrs | 1 | by Staff reporter
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