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Zimbabweans pledge property for loans
Zimbabweans are increasingly pledging household items such as beds, fridges, and other personal property as collateral to secure small loans from financial institutions, highlighting the dire state of...Published: 2 hrs ago | 115 | by Staff reporter
RBZ upholds tight monetary policy to protect ZWG
The Reserve Bank of Zimbabwe (RBZ) on Thursday reaffirmed its tight monetary policy stance as a key strategy to conserve the local currency, despite mounting pressure from industry players to ease bor...Published: 2 hrs ago | 49 | by Staff reporter
Zimbabwe's BMA in fresh drive to ditch sugar tax
The Beverage Makers Association (BMA) has renewed calls for the complete removal of Zimbabwe's Sugar Tax, warning that the levy threatens jobs, reduces formal manufacturers' tax contributions, and ero...Published: 2 hrs ago | 56 | by Staff reporter
Zimbabwe banking sector profits drop
Zimbabwe's banking sector has reported a steep drop in earnings for the first half of 2025, with aggregate profits plunging to ZiG5,0 billion (US$184,07 million) from ZiG10,4 billion (US$760,37 millio...Published: 3 hrs ago | 51 | 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: 07 Aug 2025 at 09:07hrs | 142 | by Staff reporter
Zimbabwe govt urged to act on speculative pricing
The Consumer Council of Zimbabwe (CCZ) has urged enhanced cooperation between the Ministry of Finance, the Reserve Bank of Zimbabwe (RBZ), and consumer rights bodies to tackle rampant speculative pric...Published: 06 Aug 2025 at 08:53hrs | 66 | by Staff reporter
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 | 226 | by Staff reporter
Zimbabwe retailers bank on 6% economic growth
The Confederation of Zimbabwe Retailers (CZR) says it expects consumer spending to rise this year, buoyed by the government's projected 6% economic growth, despite continued pressure on household inco...Published: 05 Aug 2025 at 08:53hrs | 56 | by Staff reporter
Zanu-PF battlelines drawn over Tagwirei
Zanu-PF's simmering succession battle has erupted into open confrontation, with the party's legal affairs secretary Patrick Chinamasa clashing head-on with secretary-general Obert Mpofu and spokesman ...Published: 04 Aug 2025 at 10:00hrs | 874 | 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 | 442 | by Staff Reporter
Supreme Court saves Ugandan couple from Harare houses seizure
The Supreme Court of Zimbabwe has quashed an unexplained wealth order previously issued against Ugandan nationals Robert Kwesiga and his wife, Sande Hilga Kwesiga, ruling that the prosecutor general f...Published: 03 Aug 2025 at 12:17hrs | 366 | 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
US$4 billion smart city takes shape in Harare
Zimbabwe's capital is taking a major step toward modern urban living with the groundbreaking of Pomona Flats, a high-rise residential complex forming part of the ambitious US$4 billion Pomona City pro...Published: 02 Aug 2025 at 13:23hrs | 690 | by Staff reporter
RBZ Chief charts path to monetary stability
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu says the central bank is making steady progress in consolidating price stability, growing foreign reserves, and reinforcing the banking se...Published: 01 Aug 2025 at 13:12hrs | 172 | 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'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 | 250 | 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 | 381 | by Staff reporter
Chiwenga, Tagwirei tiff is not a fragmentation of Zanu-PF
It's unfortunate that whenever we speak, we're quickly dismissed as immature, but you all ain't reading this one right. What is unfolding between Chiwenga and Tagwirei is not a fragmentation of ZANU-P...Published: 31 Jul 2025 at 16:57hrs | 1162 | by Charline P Chikomo
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
Gwanda Municipality in payroll dilemma
Gwanda Municipality is facing serious questions over its financial management after the Auditor-General's 2024 report revealed significant discrepancies in payroll processing and financial reporting....Published: 31 Jul 2025 at 08:20hrs | 282 | 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
War veterans faction denies Zanu PF bribe allegations
A faction of the Zimbabwe National Liberation War Veterans Association (ZNLWVA) led by Andreas Mathibela has dismissed claims that its leadership was bribed by Zanu PF, insisting it remains committed ...Published: 31 Jul 2025 at 08:18hrs | 145 | by Staff reporter
'White Zimbabweans are returning'
Many Zimbabweans who left the country at the peak of economic and political turmoil, and settled in numerous countries, including South Africa, are now investing back home, while others are retu...Published: 30 Jul 2025 at 10:12hrs | 2901 | by Staff reporter
What we experience in Zimbabwe is no longer load shedding - It's an energy crisis
Downplaying the gravity of a crisis may offer short-term comfort, but in the long run, it only deepens the problem.In Zimbabwe today, the term "load shedding" has become a household phrase - r...Published: 29 Jul 2025 at 20:58hrs | 486 | by Tendai Ruben Mbofana
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 | 161 | by Staff reporter
Mutapa, RBZ push for economic transformation
The Mutapa Investment Fund and the Reserve Bank of Zimbabwe (RBZ) have pledged to play pivotal roles in driving economic transformation and ensuring financial stability as the nation accelerates effor...Published: 28 Jul 2025 at 14:18hrs | 202 | 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
Vapostori, Chivhayo fights over Mnangagwa's audience split ZANU-PF
HARARE - The fight for President Emmerson Mnangagwa's audience (favour and attention) between controversial tenderpreneur, Wicknell Chivayo and Vapostori nemaZion for Economic Development (VED) leader...Published: 26 Jul 2025 at 20:45hrs | 2090 | by Gideon Madzikatidze
Armed robbers hit 3 Sai Mart Shops in Bulawayo
In a brazen and coordinated operation, a gang of armed robbers hit three Sai Mart retail outlets in Bulawayo on Saturday morning, escaping with over US$4,000 in cash. The suspects were reportedly movi...Published: 26 Jul 2025 at 15:11hrs | 510 | by Staff reporter
Murdered taxi driver's family demands death sentence for ex-wife
Grief has turned into fury for the family of murdered taxi driver Aleck Sinoia, who believe his ex-wife, Apirizi Sekai, masterminded his gruesome killing. The emotional toll of the tragedy was laid ba...Published: 26 Jul 2025 at 11:24hrs | 337 | by Staff reporter
Govt swindled out of thousands for Gokwe Uhuru gig?
The government is reportedly losing thousands of dollars due to inflated accommodation bills and fraudulent tender awards involving unregistered suppliers colluding with some officials, according to s...Published: 26 Jul 2025 at 11:20hrs | 119 | by Staff reporter
RBZ reveals strategy towards shift to mono-currency
Zimbabwe's central bank is stepping up efforts to build up foreign currency reserves in preparation for a planned transition to a mono-currency regime by 2030, Reserve Bank of Zimbabwe (RBZ) Governor ...Published: 25 Jul 2025 at 18:01hrs | 787 | by Staff reporter
Former beerhall converted into illegal settlement
A former beer garden in Burombo suburb has been illegally transformed into a residential and industrial site, sparking alarm among local leaders and residents who warn of an impending public health cr...Published: 25 Jul 2025 at 17:56hrs | 538 | by Staff reporter
Corruption and poor planning blamed for Zimbabwe housing woes
Zimbabwe is grappling with a worsening urban housing crisis, as a combination of poor planning, corruption, and unaffordable housing compounds an estimated 1.5 million-unit backlog nationwide. Local a...Published: 25 Jul 2025 at 17:55hrs | 198 | 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
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
UZ lecturers' strike enters 100 days
Today marks 100 days since lecturers at the University of Zimbabwe (UZ) downed tools in protest against dismal salaries and deteriorating working conditions - an indefinite strike that has paralysed o...Published: 24 Jul 2025 at 14:59hrs | 499 | by Staff reporter
ZBC loses eviction cases
The High Court has dealt a major blow to the Zimbabwe Broadcasting Corporation (ZBC)'s attempts to evict its former employees from Hatley House flats in Harare, striking off its application for violat...Published: 24 Jul 2025 at 09:10hrs | 165 | by Staff reporter
Harare to stop issuing new housing stands
Thousands of prospective homebuilders in Harare have been dealt a major blow after the city unveiled a bold new urban policy that will halt all new housing stand allocations for the next 20 years. In ...Published: 22 Jul 2025 at 17:54hrs | 508 | by Staff reporter
Mnangagwa action undermines parliamentary independence
On the 9th July 2025 President Emmerson Mnangagwa received some praises from an opposition leader and the government spokesperson Nick Mangwana for attending a sitting of the National Assembly unannou...Published: 22 Jul 2025 at 17:17hrs | 311 | by Dr Musa Kika
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
Meikles's debt to suppliers raises fresh concerns
Meikles Limited's trade payables more than doubled to ZiG925,78 million in its financial year ended February 28, 2025, sparking fears of deepening debt pressures within Zimbabwe's formal retail sector...Published: 21 Jul 2025 at 12:34hrs | 473 | by Staff reporter
Edgars Zimbabwe customers seek longer payment plans
Clothing retailer Edgars Stores Limited says more of its customers are increasingly requesting longer payment periods of up to nine months to settle their clothing purchases, a clear reflection of the...Published: 21 Jul 2025 at 12:27hrs | 276 | by Staff reporter
Econet reports 44% surge in voice calls
Econet Wireless Zimbabwe has reported a remarkable 44 percent year-on-year increase in voice call volumes for the quarter ended May 31, 2025, defying industry expectations that traditional voice servi...Published: 21 Jul 2025 at 12:20hrs | 116 | by Staff reporter
University of Zimbabwe lecturers strike continues
It has been months since lecturers at the University of Zimbabwe, the country's oldest and most prestigious institution of higher learning, walked out of their lecture halls, citing salaries that have...Published: 21 Jul 2025 at 12:14hrs | 143 | by Staff reporter
Only leadership change can save Zimbabwe's economy
FREEZIM Congress party leader Joseph Makamba Busha has said Zimbabwe's deepening economic woes can only be resolved through a complete change of government leadership, accusing the ruling Zanu-PF part...Published: 19 Jul 2025 at 10:00hrs | 481 | 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
Ziyambi says no urgent need for civil servants' cost-of-living adjustment
Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi has dismissed calls for an urgent review of civil servants' cost-of-living allowances, citing what he described as stable inflation le...Published: 17 Jul 2025 at 20:52hrs | 770 | by Staff reporter
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