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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 | 391 | by Staff reporter
Mnangagwa's Cabinet resolves to corner vendors
As Zimbabwe's economy continues to spiral downward, the government has introduced a series of controversial measures aimed at taxing the struggling informal sector and vendors to boost state revenue. ...Published: 12 Feb 2025 at 11:21hrs | 1243 | by Staff reporter
Concerns over RBZ's reduction of forex retention for horticulture exporters
The Horticultural Development Council (HDC) has expressed concerns about the Reserve Bank of Zimbabwe's (RBZ) recent decision to lower the foreign currency retention threshold for exporters from 75% t...Published: 10 Feb 2025 at 09:41hrs | 228 | by Staff reporter
Zimbabwe struggles to promote ZiG
THE Zimbabwean government faces challenges in promoting the Zimbabwe Gold (ZiG) currency for financial stability, as some businesses remain reluctant to accept it, preferring the U.S. dollar, which re...Published: 08 Feb 2025 at 12:52hrs | 579 | by Staff reporter
Zimbabwe central bank speaks on retailers
The Reserve Bank of Zimbabwe (RBZ) has dismissed claims by registered retailers that the country's economic environment is to blame for their operational challenges, pointing instead to gross mismanag...Published: 08 Feb 2025 at 12:30hrs | 182 | by Staff reporter
Zimbabwe central bank goes after informal traders forex, exporters' proceeds
The Reserve Bank of Zimbabwe (RBZ) has announced a further reduction in export retention proceeds, cutting them by an additional 5%, as part of measures aimed at boosting foreign currency reserves and...Published: 07 Feb 2025 at 06:43hrs | 1181 | by Staff reporter
Zimbabwe central bank cuts exporter retention threshold
The Reserve Bank of Zimbabwe (RBZ) has reduced exporters' foreign currency retention threshold from 75% to 70% as part of efforts to promote the use of the domestic currency, the Zimbabwe Gold (ZiG), ...Published: 07 Feb 2025 at 06:34hrs | 163 | by Staff reporter
Zimbabwean man's R14 million cigarette smuggling case in SA
The case against a 44-year-old Zimbabwean man, Jaint Janos Bimha, who was recently arrested for smuggling Remington Gold cigarettes worth R14 million into South Africa, has been postponed for formal b...Published: 28 Jan 2025 at 06:58hrs | 140 | by Staff reporter
R14 million Zimbabwe cigarettes intercepted at SA border
South African authorities have apprehended a 44-year-old migrant at the Beitbridge border post after intercepting a consignment of illicit Remington Gold cigarettes valued at an estimated R14 million....Published: 20 Jan 2025 at 19:31hrs | 832 | by Staff reporter
'Zimbabwe economy heads for a bloodbath'
Former Finance Minister Tendai Biti has issued a stark warning of a potential economic bloodbath if Zimbabwe does not liberalize its exchange rate and inject liquidity into the economy. His concerns c...Published: 14 Jan 2025 at 14:16hrs | 921 | by Staff reporter
Zimbabwe intensify crackdown on smuggling
Zimbabwe is intensifying its efforts to combat smuggling along its border with South Africa, in response to significant revenue losses reported due to syndicates operating in the area. The national an...Published: 31 Dec 2024 at 13:39hrs | 77 | by Staff reporter
Zimbabwe police urge parents to protect minors from alcohol abuse
As the country enters the festive season, the Zimbabwe Republic Police (ZRP) has issued a stern warning to parents and guardians to be vigilant and prevent minors from consuming alcohol and other into...Published: 22 Dec 2024 at 10:43hrs | 60 | by Staff reporter
Stanbic Bank Steps up efforts to promote International Trade
Harare - 20 November 2024 - Leading financial services institution, Stanbic Bank Zimbabwe has stepped up efforts to promote international trade by launching an e-book which guides locals on how to sou...Published: 20 Nov 2024 at 21:09hrs | 208 | by Agencies
Weak currency key to economic growth, says Mthuli Ncube
Finance, Economic Development and Investment Promotion Minister Mthuli Ncube has defended Zimbabwe's weak domestic currency, asserting that it has played a crucial role in fostering economic growth. S...Published: 31 Oct 2024 at 06:52hrs | 647 | by Staff reporter
RBZ pumps US$32 million into market
The Reserve Bank of Zimbabwe (RBZ) has infused approximately US$32 million into the interbank foreign exchange market over the past three weeks to stabilize the Zimbabwe Gold (ZiG) currency and addres...Published: 27 Oct 2024 at 12:19hrs | 156 | by Staff reporter
Zimbabwe's value-added exports rise to US$244,5 million
Zimbabwe's export sector is experiencing a significant upswing, driven by a marked increase in value-added products and local manufacturing, signaling a promising path toward sustainable economic grow...Published: 18 Oct 2024 at 12:29hrs | 545 | by Staff reporter
George Guvamatanga rules out Zimbabwe exchange-rate convergence
Zimbabwe won't allow the street rate of the ZiG to determine where its official rate should be as it isn't driven by market fundamentals, a senior Treasury official said.The ZiG is trading at ...Published: 18 Oct 2024 at 08:53hrs | 1704 | by Staff reporter
Mnangagwa lauds exports surge
President Emmerson Mnangagwa has commended Zimbabwe's productive sector for its significant role in driving exports of goods and services, calling it a vital catalyst for the country's industrialisati...Published: 18 Oct 2024 at 08:39hrs | 67 | by Staff reporter
Zimbabwe's SADC Chairmanship offers new opportunities
Zimbabwe's chairmanship of the Southern African Development Community (SADC) offers a prime opportunity for local businesses to shape the regional economic agenda and benefit from the African Continen...Published: 18 Oct 2024 at 08:38hrs | 127 | by Staff reporter
Mnangagwa in Bulawayo for ZimTrade indaba
President Emmerson Mnangagwa arrived in Bulawayo yesterday, where he is set to officially open the ZimTrade Annual Exporters Conference today. The event, hosted at the Zimbabwe International Exhibitio...Published: 17 Oct 2024 at 08:50hrs | 112 | by Staff reporter
Mnangagwa's adviser says ZiG is 'doomed', warns RBZ Governor
Local economist and adviser to President Emmerson Mnangagwa, Eddie Cross, has issued a stark warning to Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu, cautioning that the country's new Zim...Published: 15 Oct 2024 at 18:10hrs | 5666 | by Staff reporter
Used clothes take Zimbabwe by storm
Kimberley Dube takes great care with her appearance. She always looks sharp and fashionable in smart-looking jeans, t-shirts, sweatpants, tops, and designer sneakers."I love jeans - can't get ...Published: 02 Oct 2024 at 11:24hrs | 624 | by Staff reporter
Zimbabwe struggles to capitalize on EU trade opportunities
Zimbabwe has yet to fully exploit significant export opportunities within the European Union (EU) under a duty-free agreement, despite the EU's vast market, which boasts a US$19 trillion gross domesti...Published: 20 Sep 2024 at 09:37hrs | 346 | by Staff reporter
Zimbabwean exporters granted duty-free access to UK markets
Zimbabwean exporters have been encouraged to explore new markets and boost exports through the United Kingdom's Eastern and Southern Africa Economic Partnership Agreement (UK ESA EPA), which offers si...Published: 16 Sep 2024 at 13:36hrs | 484 | by Staff reporter
Zimbabwe avocado producers to join SA exporters in China shipments
Avocado producers from Zimbabwe will join South African exporters in sending fruit to China, it has emerged. According to the Harare-based Horticultural Development Council, "Avocados can now ...Published: 08 Sep 2024 at 12:18hrs | 302 | by Staff reporter
Zimbabwe central bank injects US$190 million to meet forex demand
Zimbabwe's central bank has injected US$190 million into the foreign-exchange market to meet demand for dollars and maintain economic stability since the introduction of a new bullion-backed currency,...Published: 03 Sep 2024 at 14:37hrs | 466 | by Staff reporter
Zimbabwe central bank says it's intervening in foreign exchange market
Zimbabwe's central bank said it's "strategically intervening" in the foreign-exchange market to meet demand for dollars among lenders amid a slump in the nation's bullion-backed currency.The i...Published: 31 Aug 2024 at 11:14hrs | 629 | by Staff reporter
Zimbabwe, United Kingdom trade up 67%
Trade between Zimbabwe and Britain surged by 67 percent to over US$800 million in 2023 compared to 2022, according to UK deputy ambassador to Zimbabwe, Dr. Joanne Abbot. Speaking at the launch...Published: 26 Jul 2024 at 06:34hrs | 133 | by Staff reporter
Zimbabweans enjoy border digitisation gains
The digitization of the Beitbridge port of entry through the Zimbabwe Electronic Single Window (ZESW) platform is significantly improving trade facilitation and clearance efficiency. Introduced in 202...Published: 19 Jun 2024 at 07:23hrs | 2 | by Staff reporter
Zimbabwean blueberry producers seek access to Chinese market
At a farm in Marondera, about 80 kilometers east of the Zimbabwean capital Harare, blueberries are ripening in May. Workers carefully pick the plump berries from the shrubs, ensuring not to damage the...Published: 24 May 2024 at 08:22hrs | 8 | by Staff reporter
Annual independent external audit for RBZ reserves
Independent external auditors shall audit Reserve Bank of Zimbabwe (RBZ) precious minerals and foreign currency reserves backing the country's new currency, Zimbabwe Gold (ZiG), once a year as part of...Published: 11 Apr 2024 at 08:32hrs | 18 | by Staff reporter
ZiG is putting lipstick on a pig, says Biti
The Reserve Bank of Zimbabwe (RBZ) on Friday introduced a new currency to be known as the ZiG, which stands for Zimbabwe Gold.RBZ governor John Mushayavanhu said the ZiG would be structured an...Published: 07 Apr 2024 at 10:31hrs | 20 | by Staff reporter
Another plan to rescue Zimdollar
ZIMBABWE is considering overhauling its exchangerate regime as the government seeks new measures to save its beleaguered currency.The latest proposals will be in a monetary policy statement th...Published: 11 Feb 2024 at 21:07hrs | 1 | by Staff reporter
Zimbabwe forex policy chokes exporters
LISTED agricultural concern Ariston Holdings says the 25% export retention coupled with the huge disparity between the interbank exchange rate and the fair market rate used by suppliers is making some...Published: 31 Jan 2024 at 06:59hrs | 1 | by Staff reporter
Drones and fast cargo scanners deployed at the Beitbridge Border Post
Drones and fast cargo scanners have been deployed by the Government at the Beitbridge Border Post as it intensifies the use of modern technologies to curb invasive leakages and smuggling through ports...Published: 26 Jan 2024 at 04:38hrs | 46 | by Staff reporter
Zimbabwe gold output declines 15%
Zimbabwe produced 30 metric tons of gold in 2023, 15% less than the previous year, official data showed on Monday, as electricity cuts and currency volatility impacted output.The southern Afri...Published: 10 Jan 2024 at 17:47hrs | 11 | by Staff reporter
Russian free grain due to begin landing in Africa within days
RUSSIAN shipments of donated grain are due to begin landing in Africa within days, giving fresh impetus to its bid to bolster its influence in the continent.President Vladimir Putin promised t...Published: 28 Nov 2023 at 07:53hrs | 2 | by Staff reporter
EU blocks Zimbabwe fertiliser consignment
The European Union (EU) has halted the delivery of approximately 23,000 tonnes of fertiliser donated by Russia to Zimbabwe, as part of its broader blockade on Russian agricultural exports in response ...Published: 29 Oct 2023 at 12:27hrs | | by Staff reporter
Stanbic Bank Zimbabwe launches China export guide for local business
Stanbic Bank Zimbabwe on Friday launched an export guide for Zimbabwean exporters and business entities seeking to understand and penetrate the Chinese market.The export guide e-book, which gi...Published: 22 Oct 2023 at 14:17hrs | 2 | by Staff reporter
Zimra struggling to clear long queues at Forbes Border Post
The Zimbabwe Revenue Authority (Zimra) has been struggling to address the long queues that have emerged at the Forbes Border Post in Mutare during the past week due to a road traffic accident at the e...Published: 12 Oct 2023 at 06:34hrs | 2 | by Staff reporter
Zimbabwe govt maintains tight monetary, fiscal measures
GOVERNMENT yesterday said it would continue with the tight fiscal and monetary policy measures that include increasing the retention on domestic foreign currency sales to 100%, among others.Ac...Published: 08 Sep 2023 at 06:31hrs | 1 | by Staff reporter
Zimbabwe targeting Zimdollar return in 5 years
Zimbabwe will continue to put in place measures to entrench the use of the domestic currency because having its own currency forms the basis for sustainable economic growth and development, President ...Published: 06 Sep 2023 at 19:09hrs | 1 | by Staff reporter
'Zimbabwe to record biggest inflation decline'
Zimbabwe is expected to record the biggest fall in inflation in the southern African region next year, according to the latest report by the African Development Bank (AfDB).This is largely due...Published: 04 Aug 2023 at 06:37hrs | 14 | by Staff reporter
Chinese miner compensates Buhera North villagers
LITHIUM mine, Sabi Star Mine (Sabi) has transformed Buhera North, upgrading roads, schools' as well as employing hundreds of villagers from Mukwasi and Tagarira villages.Sabi, which is partly ...Published: 24 Jul 2023 at 10:51hrs | 12 | by Staff reporter
Zimbabwe industrial power users to raise $250 million for floating solar panels
Zimbabwe's industrial electricity consumers and exporters aim to raise $250 million to build the first phase of floating solar panels on the world's largest man-made lake.Members of the Intens...Published: 05 Jul 2023 at 18:11hrs | 10 | by Staff reporter
Why Mnangagwa blocked Mthuli Ncube's export tax
PRESIDENT Emmerson Mnangagwa recently blocked Finance minister Mthuli Ncube's 10% tax on mining exports to pay arrears on the country's debt overhang - which makes it difficult for the government to b...Published: 02 Jul 2023 at 17:27hrs | 15 | by Staff reporter
Forex rate premium falls
THE parallel market exchange rate premium has fallen below 50 percent, as policy interventions by the Government continue to drive appreciation of the Zimbabwe dollar, but pockets of resistance remain...Published: 02 Jul 2023 at 07:37hrs | 10 | by Staff reporter
Why Mnangagwa failed to improve Zim's economic prospects
IT is now more than five years since President Emmerson Mnangagwa assumed power with a mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, Robert Gabri...Published: 29 Jun 2023 at 06:29hrs | 16 | by Martin Majaji
Border traffic clears as South Africa fixes system
Transporters of commercial cargo who have been experiencing long delays at the Beitbridge Border Post following a technical glitch on the South African side, were eventually cleared yesterday after th...Published: 27 Jun 2023 at 06:37hrs | 2 | by Staff reporter
Cargo delays as SARS system experiences technical glitches
Long distance truck drivers are delays at the Beitbridge Border Post where the South African Revenue Services (SARS) are experiencing glitches in their online customs clearance system.Slow mov...Published: 26 Jun 2023 at 19:34hrs | | by Staff reporter
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