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Zimbabwe races to implement IMF-backed reforms
Zimbabwe is racing to implement wide-ranging fiscal and monetary reforms agreed with the International Monetary Fund (IMF), as the country seeks to exit its long-standing debt crisis, rebuild trust wi...Published: 11 hrs ago | 212 | by Staff reporter
Zimbabwe's tobacco marketing season ends
The 2025 tobacco marketing season officially came to a close yesterday, marking a historic milestone for Zimbabwe's agricultural sector as the country posted record-breaking output and earnings. While...Published: 11 hrs ago | 82 | by Staff reporter
Zimbabwe's brief gold coin revival ends with little impact
Zimbabwe's central bank has ended its short-lived reintroduction of gold coins, citing high demand and rising international prices, but economists say the effort had little macroeconomic effect and of...Published: 19 hrs ago | 127 | by Staff reporter
Harare residents outraged over ban on pre-used clothes sales
Residents of Harare have voiced strong opposition to the government's abrupt ban on the importation and sale of second-hand clothes in the capital, describing the move as an "autocratic onslaught" tha...Published: 19 hrs ago | 129 | by Staff reporter
Economists slam Mthuli Ncube's budget
Economists have sharply criticised Finance Minister Mthuli Ncube's 2025 mid-term budget and economic review, accusing the government of failing to deliver the structural reforms needed to address Zimb...Published: 03 Aug 2025 at 09:59hrs | 250 | by Staff reporter
Bulawayo leads Zimbabwe in business formalisation
Bulawayo has emerged as Zimbabwe's top-performing province in terms of formal business establishments, according to new data from the 2023 Economic Census conducted by the Zimbabwe National Statistics...Published: 03 Aug 2025 at 09:56hrs | 102 | by Staff reporter
Zimbabwe slides into a spaza nation
Zimbabwe's commercial landscape is undergoing a profound transformation - and not for the better. Across major cities, once-thriving formal businesses have either shuttered or drastically downsized, t...Published: 01 Aug 2025 at 13:17hrs | 809 | by Staff reporter
Mthuli Ncube admits economy chaos
The government has admitted that companies in Zimbabwe often make more money operating outside the law than when complying with regulations, in a rare acknowledgement of a system that punishes honesty...Published: 01 Aug 2025 at 09:12hrs | 629 | by Staff reporter
Zimbabwe inflation surges to 95.8%
Zimbabwe's inflationary strain deepened in July, with annual inflation accelerating to 95.8%, up from 92.5% in June, underlining the fragility of the country's monetary framework despite tighter polic...Published: 31 Jul 2025 at 12:58hrs | 328 | by Staff reporter
RBZ warns against price instability
The Reserve Bank of Zimbabwe (RBZ) has issued a cautionary note on the dangers posed by exchange rate volatility, stressing that fluctuations in the value of the local currency could severely undermin...Published: 31 Jul 2025 at 08:19hrs | 245 | by Staff reporter
Operation Dudula perpetrating genocide: Black on Black violence in SA
Operation Dudula is hunting down people and killing them by burning and stabbing them to death. Zimbabweans, together with other foreign nationals, all blacks are hunted down by criminals - Operation ...Published: 30 Jul 2025 at 17:12hrs | 867 | by Nomazulu Thata
Tobacco, gold dominate Zimbabwe's exports
Zimbabwe's export economy remains firmly anchored in its traditional staples of tobacco and gold, while imports are still dominated by fuel, vehicles, and machinery, according to the latest Trade and ...Published: 29 Jul 2025 at 18:26hrs | 182 | by Staff reporter
Zimbabwe's GDP declines 1.73%
Zimbabwe's Gross Domestic Product (GDP) contracted by 1.73% to ZWG17.6 billion in the first quarter of 2025, down from ZWG17.9 billion recorded in the fourth quarter of 2024, the Zimbabwe National Sta...Published: 29 Jul 2025 at 09:01hrs | 213 | by Staff reporter
Zimbabwe's July inflation shows mixed trends
The latest inflation figures released by the Zimbabwe National Statistics Agency (ZIMSTAT) for July 2025 show a modest rise in prices for goods and services measured in both the United States Dollar (...Published: 28 Jul 2025 at 18:58hrs | 159 | by Staff reporter
Mines and RBZ in crunch talks over forex retention
The Chamber of Mines of Zimbabwe has initiated fresh negotiations with the Reserve Bank of Zimbabwe (RBZ) to review the current foreign currency retention framework, citing growing concerns over worse...Published: 25 Jul 2025 at 14:11hrs | 74 | by Staff reporter
Mines and RBZ in crunch talks over forex retention
The Chamber of Mines of Zimbabwe has initiated fresh negotiations with the Reserve Bank of Zimbabwe (RBZ) to review the current foreign currency retention framework, citing growing concerns over worse...Published: 25 Jul 2025 at 14:11hrs | 45 | by Staff reporter
Professor Mugano's meeting with RBZ Governor raises eyebrows
Outspoken economist and long-time government critic Professor Gift Mugano has surprised many after expressing praise for the Reserve Bank of Zimbabwe (RBZ) and its team following a meeting with the ce...Published: 24 Jul 2025 at 15:31hrs | 1819 | by Staff reporter
Zimra defends aggressive tax enforcement
Foreign currency-generating sectors such as tourism and agriculture are being choked by excessive regulations, multiple taxes, and bureaucratic red tape, industry experts have warned. Despite being cr...Published: 22 Jul 2025 at 09:12hrs | 147 | by Staff reporter
Money laundering costs Zimbabwe US$6,5bn
Zimbabwe has lost an estimated US$6.15 billion to money laundering-related crimes over the past five years, with car dealerships, gold smuggling, and entrenched corruption networks topping the list of...Published: 22 Jul 2025 at 08:49hrs | 188 | by Staff reporter
UK overtakes China as second-largest US Treasury holder
China's recorded holdings of US Treasuries have fallen below those of the UK for the first time since the start of the century, underlining a shift in Beijing's management of its foreign reserves....Published: 21 Jul 2025 at 19:41hrs | 344 | by Staff reporter
Zimbabwe's plan to make ZiG sole currency faces sharp criticism
Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu has recently suggested making the local currency, the Zimbabwe Gold coin (ZiG), the sole legal tender in the country. Despite Mushayavanhu's c...Published: 18 Jul 2025 at 08:52hrs | 1194 | by Staff reporter
Harare among Africa's least liveable cities
The annual report, compiled by the Economist Intelligence Unit (EIU), measures cities based on stability, healthcare, education, infrastructure, and environment, key indicators that affect overall qua...Published: 16 Jul 2025 at 13:14hrs | 484 | by Staff reporter
'Surge in forex inflows a boon for ZiG stability'
Zimbabwe's foreign currency receipts surged by 22 percent to US$6 billion in the first five months of 2025, according to the Reserve Bank of Zimbabwe (RBZ), a development anal...Published: 14 Jul 2025 at 07:52hrs | 134 | by Staff reporter
Zimbabwe central bank reports drop in inflation
The Reserve Bank of Zimbabwe (RBZ) has expressed cautious optimism about the country's economic trajectory, citing encouraging signs in inflation control, exchange rate stability, and foreign currency...Published: 10 Jul 2025 at 10:11hrs | 180 | by Staff reporter
EcoCash launches 'EcoCash Plus' wallet
EcoCash, Zimbabwe's leading mobile money platform, has unveiled EcoCash Plus - a specialised digital wallet designed to meet the unique needs of small and medium enterprises (SMEs), vendors, and servi...Published: 09 Jul 2025 at 18:06hrs | 841 | 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 | 206 | by Staff reporter
Zimbabwe's RBZ scraps heavy-handed forex controls
The Reserve Bank of Zimbabwe (RBZ) has officially abandoned its stringent enforcement of exchange rate controls, marking a significant policy shift aimed at fostering market stability, restoring busin...Published: 03 Jul 2025 at 12:32hrs | 1690 | by Staff reporter
Iran-Israel conflict threatening Zimbabwe's economy
The recent breakdown of ceasefire agreements between Iran and Israel has raised alarms over a potential full-scale conflict in the Middle East, with serious global economic repercussions that could se...Published: 03 Jul 2025 at 12:30hrs | 308 | 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 | 113 | by Staff reporter
Zimbabwe's agric producer prices surge 36.4%
Zimbabwe's agricultural producer prices spiked sharply in May 2025, with the Zimbabwe National Statistics Agency (ZimStat) reporting a 36.4% year-on-year (YoY) increase in the Producer Price Index for...Published: 01 Jul 2025 at 08:03hrs | 68 | by Staff reporter
RBZ's decision to halt gold coin sales has drawn warnings
The Reserve Bank of Zimbabwe (RBZ)'s decision to suspend the sale of gold coins has drawn warnings from an economic analyst, who says the move could expose the Zimbabwe Gold (ZWG) currency to inflatio...Published: 30 Jun 2025 at 09:15hrs | 2595 | by Staff reporter
Zimbabwe's monthly inflation eases to 0.3%
Zimbabwe's month-on-month inflation rate eased to 0.3% in June 2025, shedding 0.6 percentage points from the May figure of 0.9%, according to data released by the Zimbabwe National Statistics Agency (...Published: 30 Jun 2025 at 09:03hrs | 290 | by Staff reporter
Zesa rebundling begins
Mutapa Investment Fund (MIF) has initiated the process of rebundling ZESA Holdings, aiming to streamline operations, enhance efficiency, and reduce costs within Zimbabwe's struggling electricity secto...Published: 29 Jun 2025 at 11:21hrs | 7449 | by Staff reporter
Zimbabwe's ZiG annual inflation rate surges to 92,5%
Zimbabwe's local currency, Zimbabwe Gold (ZiG or ZWG), recorded a sharp annual inflation surge of 92.5% in June 2025, up by 0.4 percentage points from May, according to the latest data released by the...Published: 28 Jun 2025 at 15:17hrs | 305 | by Staff reporter
Chiwenga warns tenderprenuers, 'The day of reckoning is inevitable'
Zimbabwe's Vice President, General (Retired) Constantino Chiwenga, has issued a stern warning to corrupt businesspeople, declaring that their "day of reckoning is undoubtedly coming" as the government...Published: 26 Jun 2025 at 17:05hrs | 1519 | by Staff reporter
Tagwirei mocks 'foolish' Zimbabweans who have not won tenders
Prominent businessman Kudakwashe Tagwirei ignited controversy on Wednesday after declaring that Zimbabweans who have not secured government tenders are "foolish" - effectively labelling the vast major...Published: 26 Jun 2025 at 14:12hrs | 821 | by Staff reporter
Zimra faces deepening tax enforcement crisis
The Zimbabwe Revenue Authority (ZIMRA) is grappling with a growing tax enforcement crisis as the dominance of the cash economy, rampant informality, and high-profile tax disputes expose critical weakn...Published: 26 Jun 2025 at 11:26hrs | 1656 | by Staff reporter
Zimbabwe's businesses sound alarm over volatile ZiG
Zimbabwe's business leaders have expressed deep concern over the persistent volatility of the Zimbabwe Gold (ZiG) currency, warning that ongoing instability is crippling industrial growth and eroding ...Published: 26 Jun 2025 at 11:21hrs | 1073 | by Staff reporter
Surely, what lessons in business success can Tagwirei teach our youth?
Our youth are the greatest asset to our nation's future, and we cannot afford to lead them astray.Zimbabwe is a nation desperate for authentic leadership, especially for its youth. ...Published: 24 Jun 2025 at 11:24hrs | 282 | by Tendai Ruben Mbofana
Mushayavanhu under fire for outdated monetary assumptions
Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu is facing mounting criticism over his persistent claim that the ZiG, Zimbabwe's embattled local currency, can only be strong if it is backed b...Published: 20 Jun 2025 at 16:32hrs | 493 | by Staff reporter
BREAKING: David Chapfika dies in tragic car accident
Former Deputy Minister of Finance and long-serving ZANU PF politician David Chapfika has died in a fatal road accident near Chabwino, along the bridge at Stondon, authorities confirmed on Thursday....Published: 19 Jun 2025 at 13:33hrs | 4652 | by Staff reporter
Mthuli Ncube under pressure to ease tax burden
Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube is facing mounting pressure from business leaders and economists to overhaul Zimbabwe's tax regime, with demands ...Published: 19 Jun 2025 at 11:24hrs | 1281 | by Staff reporter
Private sector, experts hail Zimra's TaRMS tax regime
Private sector players and financial experts have praised Zimbabwe's Tax and Revenue Management System (TaRMS) for significantly improving taxpayer accessibility and compliance, particularly among sma...Published: 19 Jun 2025 at 07:16hrs | 208 | by Staff reporter
Zimbabwe central bank raises ZWG$5.9 billion via treasury bills
The Reserve Bank of Zimbabwe (RBZ) has raised ZWG$5.9 billion through Treasury Bill (TB) issuances and private placements in 2024, as the government intensifies its domestic borrowing to fund operatio...Published: 12 Jun 2025 at 19:00hrs | 192 | by Staff reporter
Mandatory radio licence risks fuelling Zimbabwe corruption
The recently enacted Broadcasting Services Amendment Act No. 2 of 2025, which makes it mandatory for all motorists to pay for a Zimbabwe Broadcasting Corporation (ZBC) radio licence before renewing ve...Published: 11 Jun 2025 at 09:11hrs | 1003 | by Staff reporter
Mnangagwa meets IMF delegation amid worsening economic crisis
President Emmerson Mnangagwa yesterday held a high-level meeting with an International Monetary Fund (IMF) delegation currently in Zimbabwe for an Article IV Consultation, as the country grapples with...Published: 10 Jun 2025 at 10:10hrs | 978 | by Staff reporter
Biti warns Zimbabwe heading toward collapse
Former Finance Minister Tendai Biti has sounded a dire warning over Zimbabwe's economic trajectory, claiming the country is collapsing under the burden of failed monetary reforms, rampant corruption, ...Published: 09 Jun 2025 at 17:38hrs | 1061 | by Staff reporter
Diesel prices fall slightly
Local motorists and businesses are enjoying a modest but welcome reprieve as diesel prices steadily declined over the first half of 2025.From January to June, the price of diesel dropped by ab...Published: 09 Jun 2025 at 08:40hrs | 175 | by Staff reporter
Zimbabwe's medical aid coverage crashes to just 4%
Zimbabwe's healthcare system faces a deepening crisis as health insurance coverage has plummeted to an all-time low, with just 4% of the population currently enrolled in any form of medical aid. The s...Published: 06 Jun 2025 at 18:29hrs | 509 | by Staff reporter
Kariba turns into ghost town
The eastern shoreline of Kariba, once a crown jewel in Zimbabwe's tourism industry, is fast slipping into obscurity as tourism operators flee the area amid plummeting visitor numbers, collapsing infra...Published: 06 Jun 2025 at 12:04hrs | 11490 | by Staff reporter
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