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Zimbabwe cannot fund large-scale projects without monetary autonomy
Zimbabwe's economic debate is often framed through the lens of inflation control, exchange rate stability, and the day-to-day functionality of the US dollar in domestic transactions.Yet, benea...Published: 01 Jul 2025 at 12:05hrs | 192 | by Brighton Musonza
DA's Zille calls for unity among Zimbabwean opposition leaders
Helen Zille, the federal chairperson of South Africa's Democratic Alliance (DA), has urged Zimbabwean opposition leaders to unite and capitalize on the internal divisions within the ruling Zanu-...Published: 26 Mar 2025 at 07:04hrs | 1761 | by Staff reporter
The 'torn' money-buying brigade: A hustle for survival in Zimbabwe
For many in Zimbabwe, especially those navigating the streets of Harare, torn or worn-out money has become more than just a nuisance - it's an opportunity for survival. One such individual, 30-year-ol...Published: 27 Nov 2024 at 07:05hrs | 387 | by Staff reporter
Donald J Trump's political Houdini act dazzles Kamala Harris
Donald J. Trump completed the greatest political comeback in modern U.S. history in the early hours of Wednesday, claiming enough electoral votes to defeat Vice President Kamala Harris and return to t...Published: 06 Nov 2024 at 11:49hrs | 687 | by Staff reporter
Gold reserves backing ZiG rise
The Reserve Bank of Zimbabwe (RBZ) has reassured the public of continued exchange rate stability, with gold reserves backing the Zimbabwe Gold (ZiG) currency now valued at over US$450 million, up from...Published: 10 Oct 2024 at 18:50hrs | 6244 | by Staff reporter
Zimbabwe should ditch the toxic US dollar
Zimbabwe's economy has been intertwined with the US dollar for over a decade, a relationship that began as a pragmatic response to hyperinflation and economic collapse in the late 2000s. The adoption ...Published: 12 Jul 2024 at 09:46hrs | 58 | by Staff writer
Why Zimbabwe should break free from the US dollar's grip
Government Up Close"Normalcy is that a country must have its own currency," President Mnangagwa is on record highlighting this fact.Some people have argued that one of the gravest fina...Published: 11 Jul 2024 at 14:10hrs | 65 | by Nick Mangwana
Tackling Zimbabwe's property price surge
The Zimbabwean property market is facing significant challenges, marked by skyrocketing property prices that seem incongruous when compared to those in neighbouring South Africa.These challeng...Published: 24 Jun 2024 at 10:13hrs | 99 | by Dr Bekithemba Mpofu
Is an underwear a leading economic indicator?
I was unfamiliar with the Men's Underwear Index - the MUI - until I heard it discussed this week on National Public Radio. Perhaps on the Marketplace Morning Report on WAMC. Or some similarly unassail...Published: 07 Apr 2024 at 13:42hrs | 6 | by Ralph Gardner Jr.
Mangudya says Zimdollar turmoil temporary
As Zimbabwe's parallel market reels under the strain of a currency crisis, central bank governor, John Mangudya, assures the public that this turmoil is merely passing.This grey market, operat...Published: 18 Jan 2024 at 17:55hrs | 4 | by Staff reporter
Zimbabwe needs change in governance system as much as change of government!
As the crucial 23rd August 2023 Zimbabwe harmonized elections beckon, all competing political players appear to have one convergence point for a chance to be voted into power.Regardl...Published: 20 Jul 2023 at 18:22hrs | 1 | by Tendai Ruben Mbofana
US credit rating downgraded
China Chengxin International Credit Rating (CCXI) slashed its sovereign credit score for the US by one notch earlier this week, becoming the first among top rating firms to make the move.The l...Published: 27 May 2023 at 19:44hrs | 9 | by Staff reporter
US Dollars replaces Zimbabwe's currency for second time
The greenback has replaced the Zimbabwean dollar as the most-used currency in the southern African nation for a second time, almost four years after the re-introduction of the local unit.US do...Published: 07 Apr 2023 at 10:20hrs | 2 | by Staff reporter
EFF shutdown knocks the rand
The JSE was lifted by rand hedges and precious metals miners on Monday, amid global jitters over recent banking crises abroad, with the rand showing some pressure. This was as the EFF pressed ahead wi...Published: 20 Mar 2023 at 14:25hrs | 6 | by Staff reporter
Zimbabwe gold coins to be held for at least 180 days
Individuals and institutional buyers of Reserve Bank of Zimbabwe (RBZ's) gold coins will be required to hold them for at least 180 days before selling while exporters earning less than a million US do...Published: 20 Jul 2022 at 06:34hrs | 17 | by Staff reporter
Zimbabweans are a very funny lot
IT came as a major relief that the United States embassy in Harare clarified the validity of its many bank notes which have been so overused that they have turned so dirty and torn to the extent that ...Published: 13 Jul 2022 at 07:23hrs | 1 | by Staff reporter
Biden 's approval rating sinks - poll
US President Joe Biden's approval rating sank to 38% in a CNBC poll released on Thursday, down from 46% in December. Respondents rated Biden poorly on his handling of the economy and the conflict in U...Published: 14 Apr 2022 at 20:36hrs | 11 | by Staff reporter
'Bidenism' has killed dollar dominance?
Time will tell whether Putin wins the sweepstakes of expansionism or the cost of economic distress eventually overwhelms Russia and him. However, some interesting shifts in geo-strategy are discernibl...Published: 15 Mar 2022 at 16:09hrs | 11 | by Vaishali Basu Sharma
Zimbabwe a country with no coins, US$1 is more useful than US$100
ADRIANA Siwela, a 25-year-old college student in Harare, thought she could dash into a shop for a quick purchase of a US$2 packet of biscuits. But the cashiers sent her away. Her US$20 bill is conside...Published: 23 Feb 2022 at 05:49hrs | 13 | by Staff reporter
Donald Trump engages in jecha/ sand tactics on the U.S. economy
Democratic political consultant James Carville once said that if he were reincarnated, he'd want to come back as the bond market because "you can intimidate everybody." Donald Trump is not intimidated...Published: 17 Jan 2021 at 20:08hrs | 11 | by Steve Chapman
Why RBZ needs autonomy
Former reserve Bank of Zimbabwe (RBZ) governor Gideon Gono recently appeared on Zimbabwean entrepreneur and newspaper publisher Trevor Ncube's discussion series In Conversation with Trevor.Amo...Published: 13 Sep 2020 at 07:15hrs | 2 | by Admire Dube
No quick solutions to electricity, fuel shortages: Coltart
In our previous edition we carried a Q&A with former Education minister David Coltart where he spoke about the culture of political violence in Zimbabwe and how it has also influenced the MDC....Published: 25 Aug 2019 at 18:50hrs | | by Staff reporter
'More Zimbabwean families survive on diaspora remittances'
THE majority of poverty-stricken Zimbabwean families are now heavily dependent on diaspora remittances for their upkeep as the economy continues on a nosedive, with the value of the local currency fai...Published: 22 Aug 2019 at 07:47hrs | 2 | by Staff reporter
The reality of stagflation in Zimbabwe
The current fiscal year is turning out to be a challenging year for the Zimbabwean economy. The country is experiencing all the features of economic decline from a recession, high unemployment rate, d...Published: 20 Jul 2019 at 19:31hrs | | by Victor Bhoroma
Beggar-thy-neighbour protectionist policy is decadent
Reports that the Zimbabwean government wants to liberalize fuel imports is a very significant development that will go a long way towards solving the country's artificial fuel shortages once and for a...Published: 03 Mar 2019 at 11:06hrs | 21 | by Colls Ndlovu
Calls for Zimbabwe to join Rand Monetary Union grow
Zimbabwe must seriously look into the possibility of joining the Rand Monetary Union as the central bank mulls introducing a fresh monetary policy tool to alleviate foreign currency shortages, the hea...Published: 15 Feb 2019 at 14:44hrs | | by Staff reporter
Zimbabwe's economic recovery plan (Zim Plan)
Stagflation is caused by the simultaneous occurrence of economic stagnation and inflation. This state of economic affairs within a country is characterised by the twin evils of economics, that is to s...Published: 28 Dec 2018 at 18:35hrs | 4 | by Colls Ndlovu, economist
Was Nelson Chamisa right after all?
I liked Emmerson Mnangagwa and I cheered him on in-person and through my writings but today I am write in utter despair at what my hero has turned out to be. Could there be some element of truth to Ch...Published: 09 Dec 2018 at 21:20hrs | | by Wezhira Sam
Dollars vs Zollars
Government's insistence on a fixed 1:1 exchange rate has continued to create headaches for companies who have to report within prescribed accounting standards. This comes as the US dollar, ado...Published: 06 Dec 2018 at 06:30hrs | 7 | by Reuters
You shall not crucify Zimbabwe on a cross of bond notes
RECENT dramatic events arising from allegations that certain officials of the Reserve Bank of Zimbabwe (RBZ) have been involved in currency malfeasance using the bond note as their lever to execute tr...Published: 03 Nov 2018 at 08:08hrs | 10 | by Colls Ndlovu
The perils of trade protectionism
The recently gazetted import tariffs imposed by the Zimbabwe Revenue Authority on almost all major food items and non-food items — trade protectionism - is a dangerous drift towards the dreaded begg...Published: 21 Oct 2018 at 11:36hrs | 10 | by Colls Ndlovu Financial Analyst
In trouble for burning US$ notes
FLAMBOYANT club wheel-spinner, T-Fresh - real name Tapuwa Mhlanga - might have wads of US dollars to burn, but might find himself in hot water for violating the law.The youthful entertainer wa...Published: 19 Jul 2018 at 15:26hrs | 5 | by Staff reporter
US dollar losing status as world reserve currency
Economists have predicted that the international financial system in the next decade will have changed significantly as the United States dollar loses its reserve currency status.Aggressive fo...Published: 01 Jul 2018 at 08:24hrs | | by Staff reporter
The RBZ should be separated from politics
In any democratic country, politics is bound to be less stable from time to time as new leaders are voted in office. If not separated, the instability of politics is extended to the financial sector. ...Published: 22 Jun 2018 at 07:31hrs | 6 | by Tryson G. Dube
$100m UK loan to ease cash crisis, says Mnangagwa
President Mnangagwa yesterday said disbursement of the $100 million loan facility availed by Britain and the Standard Chartered Bank had started and banks were among the first beneficiaries as Governm...Published: 19 May 2018 at 14:50hrs | | by Staff reporter
Zimbabwe to face inflationary spirals
In order to maintain a sustainable purchasing power equal to the rising cost of living reflected by a Consumer Price Index (CPI), a taxable salary or wage must increase faster than the increase in the...Published: 26 Jan 2018 at 07:54hrs | | by George Musvovi
Three-tier pricing affects property market
Zimbabwe`s property market has been grossly affected by the three-tier pricing system that has led to properties being valued at low prices, real estate agents have revealed.The prices of prop...Published: 22 Jan 2018 at 04:53hrs | 1 | by Staff reporter
Mangudya attends IMF, WB Spring meetings
RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya is in Washington DC, United States of America attending the 2017 Spring Meetings of the International Monetary Fund (IMF) and World Ban...Published: 19 Apr 2017 at 06:31hrs | 1 | by Staff reporter
African exchanges should focus on smaller businesses
The African growth story is no longer a fairy tale. Over the past decade, multinational companies, private equity funds and infrastructure development programmes have channeled capital to the continen...Published: 29 Nov 2016 at 09:53hrs | | by Nonkululeko Nyembezi-Heita
Prophet TB Joshua's prophecy on the South African Rand
The rand strengthened the most in three months, leading global currency gains after data showed South Africa's economy expanded more than forecast in the second quarter while the trade balance swu...Published: 07 Sep 2016 at 10:29hrs | | by Marelise Van Der Merwe
US envoy hits out at Jonathan Moyo
UNITED States ambassador to Zimbabwe, Harry Thomas Jnr, has rubbished recent claims by Zanu-PF politburo member and Higher Education minister Jonathan Moyo that the current wave of anti-government...Published: 04 Aug 2016 at 07:57hrs | | by Staff reporter
Britain, EU plunged into uncertainty by exit vote
London - Britain has jumped. Now it is wildly searching for the parachute.The UK's unprecedented decision to leave the European Union sent shockwaves through the country and around the world o...Published: 25 Jun 2016 at 09:46hrs | 2 | by Agencies
Zimbabwe’s exports down 13%
Zimbabwe's main export goods are minerals and tobacco and there are constant calls to expedite value addition and beneficiation in order to diverse the basket and in the process reduce shocks associat...Published: 21 Mar 2016 at 09:15hrs | | by Staff reporter
US Fed hikes interest rate by 25 basis points
WASHINGTON - The Federal Reserve said on Wednesday that it would raise short-term interest rates for the first time since the financial crisis struck, a vote of confidence in the strength of the A...Published: 16 Dec 2015 at 19:51hrs | | by Staff reporter
Zimbabwe retail outlets reject rand coins
THE country's monetary authorities - the Reserve Bank of Zimbabwe - last week noted that they currently hold bond coins worth $1 million in their vaults and the money can easily be deployed in the mar...Published: 08 Nov 2015 at 07:58hrs | | by Africa Moyo and Darlington Musarurwa
Zimra's tariffs bill is a dangerous drift towards the dreaded beggar-thy-neighbour policy
The recently gazetted import tariffs imposed by the Zimbabwe Revenue Authority on almost all major food items and non-food items - trade protectionism - is a dangerous drift towards the dreaded be...Published: 18 Sep 2015 at 10:18hrs | | by Colls Ndlovu
State House is far, says Mnangagwa - Interview Part 3
Q: So you created what is called a "bogey" in this country?A: What is a bogey?Q: A kind of false flag, where people...Published: 29 Aug 2015 at 10:19hrs | | by Baffour Ankomah
Mboweni gave Zimbabwe unacceptable conditions, says Mnangagwa
South Africa's former Reserve Bank governor Tito Mboweni gave Zimbabwe several conditions which were deemed unacceptable for Zimbabwe to Randify the economy.The government chose the rand a...Published: 07 Aug 2015 at 10:46hrs | | by Ndou Paul
'Multicurrency use was a fight back strategy'
Zimbabwe introduced the use of multi foreign currencies as legal tender in Zimbabwe as a fightback against the attempts to destroy the Zimdollar, Vice President Emmerson Mnangagwa saidThe ...Published: 07 Aug 2015 at 10:28hrs | 1 | by Ndou Paul
Diaspora could turn Zimbabwe around
Many Zimbabweans are influential globally and could help to unleash the country's potential.It has been 34 years since Zimbabwe gained political independence. President Robert Mugabe stressed ...Published: 12 Jan 2015 at 18:17hrs | | by Martin Ganda
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