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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: 8 hrs ago | 187 | by Staff reporter
US$0.597 billion paid by Zimbabwe Treasury unaccounted for
The latest report from Zimbabwe's Auditor General has exposed serious violations of public finance management laws, revealing that more than US$597 million in Treasury payments remain unaccounted for ...Published: 06 Aug 2025 at 21:21hrs | 161 | by Staff reporter
US requires Zambia, Malawi citizens to pay up to $15,000 bond for some visitor visas
President Donald Trump's administration will require visa applicants from Zambia and Malawi to pay bonds up to $15,000 for some tourist and business visas under a pilot program launching in two weeks,...Published: 06 Aug 2025 at 10:22hrs | 391 | by Reuters
FBC sees cautious recovery in Zimbabwe
Financial services firm FBC Securities says Zimbabwe's 2025 Mid-Year Budget and Economic Review points to a cautiously optimistic recovery trajectory, although tight fiscal and monetary conditions cou...Published: 05 Aug 2025 at 14:38hrs | 223 | by Staff reporter
Mnangagwa's office blows 81% of budget in 6 months
President Emmerson Mnangagwa's Office had already spent 81 percent of its 2025 budget by the halfway mark of the year, while the Ministry of Transport and Infrastructural Development exceeded its full...Published: 05 Aug 2025 at 12:19hrs | 480 | by Staff reporter
Govt employees in Ministry-owned homes risk losing leases
The Ministry of Local Government and Public Works has issued a stern directive to all Government employees residing in Ministry-owned residential properties to settle outstanding lease rentals and pur...Published: 05 Aug 2025 at 12:10hrs | 161 | by Staff reporter
Gold Backed Currency vs Dollarisation: Lessons from Zimbabwe's New ZiG
Since April 2024, Zimbabwe has started a new monetary policy by introducing a gold-backed currency known as the Zimbabwe Gold (ZiG), to get rid of its reliance on the U.S. dollar. In t...Published: 03 Aug 2025 at 23:27hrs | 438 | by Staff Reporter
Zimbabwe raises US$25.4 million from sugar tax
Zimbabwe has raised ZiG685.8 million, equivalent to approximately US$25.4 million, from the sugar content tax between January and May 2025, with the funds earmarked for the procurement of critical can...Published: 03 Aug 2025 at 18:56hrs | 178 | 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
Funding delays teacher recruitment in Zimbabwe
The government's ambitious plan to recruit 8,000 new teachers to address Zimbabwe's critical teacher-to-student ratio has hit a major snag, with delays in the disbursement of funds from the Treasury s...Published: 02 Aug 2025 at 19:14hrs | 256 | by Staff reporter
Zimbabwe on track for 6% growth
Zimbabwe is on track to achieve a forecasted 6% economic growth in 2025 helped by good agricultural output and strong commodity prices, Finance Minister Mthuli Ncube said on Thursday.The South...Published: 01 Aug 2025 at 10:00hrs | 262 | by Staff reporter
Mthuli Ncube commits to easing business costs
Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, delivered the 2025 Mid Term Budget Review Statement on Thursday, affirming Zimbabwe's economic recovery whil...Published: 01 Aug 2025 at 08:43hrs | 160 | by Staff reporter
Zimbabwe miners weather power crisis
Zimbabwe's mining industry says it has largely been shielded from the worst of the country's electricity shortages thanks to a targeted power rationing strategy that prioritises the sector. But operat...Published: 01 Aug 2025 at 08:33hrs | 197 | by Staff reporter
Zimbabwe's rebasing pushes GDP to US$45,7bn
The government's recent rebasing of Zimbabwe's economy has lifted its gross domestic product (GDP) valuation to US$45,7 billion and gross national income (GNI) per capita above US$3 000 - even as ...Published: 01 Aug 2025 at 08:27hrs | 241 | by Staff reporter
Zimbabwe govt mulls fresh taxes
Finance Minister Mthuli Ncube yesterday unveiled plans to impose new taxes, despite growing resistance from businesses and taxpayers who argue that Zimbabwe's current tax burden is already suffocating...Published: 01 Aug 2025 at 08:02hrs | 380 | by Staff reporter
Mthuli Ncube declares surplus despite only 35% of budget spent
Finance and Economic Development Minister Mthuli Ncube on Thursday declared a budget surplus of ZWG3.3 billion for the first half of 2025, despite revealing that just 35.5% of the approved National Bu...Published: 31 Jul 2025 at 15:46hrs | 266 | 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
Cash flow constraints hamper devolution funding
Finance Minister Professor Mthuli Ncube has attributed the government's failure to meet the constitutionally mandated five percent allocation of national revenue towards devolution to cash flow constr...Published: 29 Jul 2025 at 18:29hrs | 162 | by Staff reporter
Financial mismanagement at Parliament of Zimbabwe exposed
The Auditor-General has exposed alarming financial irregularities at the Parliament of Zimbabwe, including unauthorised fuel allocations, ballooning payment arrears, and undelivered government vehicle...Published: 28 Jul 2025 at 08:49hrs | 261 | by Staff reporter
Zimra, Delta in fresh spat over taxes
The Zimbabwe Revenue Authority (Zimra) is demanding an additional US$73 million in tax from Delta Corporation Limited, escalating tensions between the tax agency and one of the country's largest corpo...Published: 27 Jul 2025 at 21:04hrs | 513 | by Staff reporter
Govt increases BEAM disbursements to ease pressure on rural schools
The Zimbabwean government has doubled monthly disbursements under the Basic Education Assistance Module (BEAM) from ZiG200 million to ZiG400 million, in a move aimed at clearing arrears and easing mou...Published: 26 Jul 2025 at 11:28hrs | 145 | by Staff reporter
AG exposes massive financial mismanagement
A damning report by Acting Auditor-General Rhea Kujinga, tabled in Parliament this week, has uncovered widespread financial mismanagement, weak internal controls, and systemic accounting failures ...Published: 25 Jul 2025 at 09:24hrs | 228 | by Staff reporter
IMF sees signs of recovery in Zimbabwe
Zimbabwe is showing early signs of economic recovery and macroeconomic stabilization, buoyed by recent policy reforms and improved fiscal management, according to the International Monetary Fund (IMF)...Published: 24 Jul 2025 at 16:53hrs | 820 | 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
RBZ exposes massive money laundering
The Reserve Bank of Zimbabwe (RBZ) has unearthed large-scale illicit financial flows (IFFs) in the country's real estate and motor vehicle dealership sectors, revealing industrial-scale money launderi...Published: 18 Jul 2025 at 14:40hrs | 1552 | by Staff reporter
Zimbabwe eyes price relief towards end of 2025
After years of persistent inflationary pressures, Zimbabwe is approaching the latter half of 2025 with cautious optimism, as recent economic indicators and government policy measu...Published: 15 Jul 2025 at 21:56hrs | 445 | by Staff reporter
Govt workers stage a flash protest at Mthuli Ncube's office
Civil servants staged a flash protest yesterday at the New Government Complex before marching to the offices of the Ministry of Finance, Economic Development and Investment Promotion in Harare, pressi...Published: 15 Jul 2025 at 08:20hrs | 694 | by Staff reporter
Mudenda calls for pro-poor budgeting to promote equity
Speaker of Parliament Jacob Mudenda has challenged legislators to ensure that public resources are equitably channelled towards programmes aimed at improving the livelihoods of citizens, emphasising t...Published: 14 Jul 2025 at 15:57hrs | 165 | by Staff reporter
Police officers in uniform banned from betting shops
Police officers in uniform are strictly prohibited from entering betting shops or gambling in casinos in Zimbabwe, national police spokesperson Commissioner Paul Nyathi has ...Published: 14 Jul 2025 at 07:58hrs | 600 | by Staff reporter
Africa's inequality crisis: How government systems fuel corruption and entrench elitism
A recent Oxfam report has ignited renewed scrutiny of Africa's political and economic order, revealing a disturbing truth: while a handful of billionaires accumulate staggering wealth, hundreds of mil...Published: 14 Jul 2025 at 07:12hrs | 208 | by James Mathonsi
State diamond firm lays off hundreds to avoid collapse
Zimbabwe's state-controlled diamond miner, the Zimbabwe Consolidated Diamond Company (ZCDC), has launched a major retrenchment exercise in a desperate bid to stave off collapse, following a brutal cra...Published: 13 Jul 2025 at 11:08hrs | 171 | by Staff reporter
Trabablas Interchange scandal deepens
The cost of constructing the controversial Trabablas Traffic Interchange in Harare has surged to US$114 million, sparking a storm in Parliament amid growing concerns over fiscal transparency and poten...Published: 10 Jul 2025 at 21:10hrs | 1301 | 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
Zimbabwe now 5th largest economy in Sadc
Zimbabwe has become the fifth-largest economy in Southern Africa following a major upward revision of its Gross Domestic Product (GDP), reflecting the inclusion of previously unrecorded economic activ...Published: 10 Jul 2025 at 08:58hrs | 313 | by Staff reporter
Zimbabwe revises GDP upwards to US$44.4 billion
Zimbabwe has recorded a significant rise in its Gross Domestic Product (GDP), now revised to ZiG168.5 trillion (approximately US$44.4 billion), marking a substantial increase from the previous estimat...Published: 09 Jul 2025 at 07:52hrs | 158 | by Staff reporter
ZNCC urges RBZ to cut policy rate to 20%
The Zimbabwe National Chamber of Commerce (ZNCC) has urged the Reserve Bank of Zimbabwe (RBZ) to lower its bank policy rate from the current 35% to 20% in an effort to ease growing credit constraints ...Published: 08 Jul 2025 at 12:12hrs | 214 | by Staff reporter
Delta Corporation slams Zimra over uncertainties
Zimbabwe's largest beverage manufacturer, Delta Corporation Limited, has accused the country's tax authorities of fueling business uncertainty through what it described as the arbitrary creation of le...Published: 07 Jul 2025 at 08:47hrs | 379 | 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
South Africa urged to deport foreign convicts
South Africa's Correctional Services Minister Pieter Groenewald has proposed the deportation of foreign nationals serving prison terms, arguing that the move would drastically cut the R11 million spen...Published: 03 Jul 2025 at 11:44hrs | 298 | 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 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 | 194 | by Brighton Musonza
Zimbabwe govt under fire over TBs mismanagement
The Zimbabwean government is facing renewed criticism over its handling of Treasury Bills (TBs), amid allegations of corruption, regulatory manipulation, and financial mismanagement that have raised a...Published: 01 Jul 2025 at 08:16hrs | 507 | 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
Invictus Energy to get National Project Status
The Zimbabwean government has taken a significant step toward advancing the country's first major oil and gas development after issuing an updated draft of the Petroleum Production Sharing Agreement (...Published: 28 Jun 2025 at 18:46hrs | 522 | by Staff reporter
Mnangagwa calls for fiscal discipline among councillors
President Emmerson Mnangagwa has stressed the need for Zimbabwe's local councillors to improve their understanding of budgeting and financial planning, warning that national development efforts could ...Published: 26 Jun 2025 at 17:26hrs | 273 | by Staff reporter
Mnangagwa warns underperforming councils
President Emmerson Mnangagwa has raised alarm over the persistent failure by some local authorities to produce audited financial statements, warning that decisive action is being considered to enforce...Published: 26 Jun 2025 at 17:20hrs | 97 | 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
Zimra surpasses revenue target by 10%
The Zimbabwe Revenue Authority (Zimra) has exceeded its 2024 revenue collection target by 10.26%, raking in ZWG116.47 billion against a projected ZWG105.63 billion, according to its latest annual repo...Published: 25 Jun 2025 at 14:33hrs | 114 | by Staff reporter
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