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Construction boom in Zimbabwe spurs growth for PPC
The construction sectors in Zimbabwe and South Africa are showing strong signs of sustained growth, creating favourable conditions for companies like Pretoria Portland Cement (PPC) to increase competi...Published: 25 Jun 2025 at 15:53hrs | 164 | by Staff reporter
Mushayavanhu under fire for outdated monetary assumptions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 | 478 | by Staff reporter
Zimbabwe gold reserves rise to 3.4 metric tonnes
President Emmerson Mnangagwa today inspected the Reserve Bank of Zimbabwe (RBZ) vaults, where he was briefed on the status of the country's national gold reserves, which now stand at an impressive 3.4...Published: 19 Jun 2025 at 16:47hrs | 102 | by Staff reporter
Mnangagwa inspects Zimbabwe's gold reserves
President Emmerson Mnangagwa on Thursday morning conducted a high-profile inspection of Zimbabwe's gold reserves held in the Reserve Bank of Zimbabwe (RBZ) vaults, following his directive for the coun...Published: 19 Jun 2025 at 13:38hrs | 638 | by Staff reporter
Zimbabwe's RTG reports sharp rebound in foreign tourist arrivals
Zimbabwe's largest hotel operator, Rainbow Tourism Group (RTG), has reported a strong rebound in foreign guest arrivals, signaling a wider recovery in the region's hospitality sector as international ...Published: 16 Jun 2025 at 14:42hrs | 153 | by Staff reporter
RBZ projects inflation drop by September
The Reserve Bank of Zimbabwe (RBZ) has assured the nation that inflation remains under control, despite seemingly high annual inflation rates, attributing the figures to technical distortions arising ...Published: 04 Jun 2025 at 13:31hrs | 131 | by Staff reporter
'Bulawayo looking like a growth point'
The Bulawayo City Council (BCC) has raised alarm over the worsening state of urban cleanliness and the sharp rise in illegal street vending, which has begun spreading from the central business distric...Published: 10 May 2025 at 14:20hrs | 7536 | by Staff reporter
CBZ hails Zimbabwe's less volatile economy
CBZ Holdings Limited has praised Zimbabwe's improving economic environment and easing inflationary pressures, which have played a key role in the financial institution achieving a profit of ZWG537.5 m...Published: 30 Apr 2025 at 07:15hrs | 164 | by Staff reporter
Zimbabwe lifts exchange rate controls
Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability a...Published: 17 Apr 2025 at 07:36hrs | 11647 | by Staff reporter
Zimbabwe fast-tracking ZiG banknotes rollout
The Reserve Bank of Zimbabwe (RBZ) is accelerating efforts to deliver new Zimbabwe Gold (ZiG) banknotes, with Governor Dr John Mushayavanhu assuring the public that the rollout will happen "in the sho...Published: 06 Apr 2025 at 11:28hrs | 1071 | by Staff reporter
Cross says corruption poses major threat to Mnangagwa's leadership
President Emmerson Mnangagwa's biographer, Eddie Cross, has pointed to the rampant corruption in Zimbabwe as the most significant challenge to the President's leadership, highlighting the growing diss...Published: 03 Apr 2025 at 08:31hrs | 1159 | by Staff reporter
Coltart frustrated by Glassblock Dam delays
Bulawayo Mayor David Coltart has expressed mounting frustration over the bureaucratic hurdles that are stalling the long-awaited Glassblock Dam project, a critical initiative aimed at ensuring a stabl...Published: 23 Mar 2025 at 08:27hrs | 1114 | by Staff reporter
Zapu bemoans Zimbabwe's ailing health sector
The recent death of uGogo Rose Nyathi, "a Bulawayo celebrity, human rights activist, and informal comedian", who was laid to rest at Lady Stanley Cemetery highlighted some of the anomalies in our heal...Published: 16 Mar 2025 at 13:06hrs | 417 | by Dr Themba Bulle, ZAPU Deputy Secretary for Health and Welfare
Zimbabwe's central bank confident of gold-backed ZiG currency
The Reserve Bank of Zimbabwe (RBZ) remains optimistic about the strength of the gold-backed Zimbabwe Gold (ZiG) currency, positioning it as a viable alternative to the United States dollar in the loca...Published: 10 Mar 2025 at 08:36hrs | 401 | by Staff reporter
Mnangagwa launches Zimbabwe digital skills training programme
President Emmerson Mnangagwa on Friday launched the Zimbabwe Digital Skills Development Programme, an initiative aimed at equipping 1.5 million young Zimbabweans with essential digital skills to thriv...Published: 23 Feb 2025 at 09:50hrs | 205 | by Staff reporter
Zimbabwe to equip 1.5 million youths with digital skills
ZIMBABWE will train 1.5 million young people as software engineers, developers, and programmers under the Zimbabwe Digital Skills Development Program launched by President Emmerson Mnangagwa.S...Published: 22 Feb 2025 at 09:24hrs | 140 | 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 | 186 | by Staff reporter
CCC MPs strongly reject 'betting, pizza budget'
Opposition legislators have strongly rejected Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube's 2025 national budget, criticizing it for failing to address the country's ...Published: 29 Nov 2024 at 07:13hrs | 462 | by Staff reporter
ZiG spawns upheavals in insurance industry
Insurers have been scrambling to reassure policyholders as market jitters resurface in the wake of the introduction of Zimbabwe Gold (ZiG) in April. With memories of the devastating currency shifts in...Published: 24 Nov 2024 at 10:13hrs | 256 | by Staff reporter
Calls for US$ salaries grow louder in Zimbabwe
The Zimbabwe Congress of Trade Unions (ZCTU) has once again called for workers to be paid in United States dollars until the government stabilizes the country's economic fundamentals, arguing that thi...Published: 19 Oct 2024 at 12:11hrs | 205 | 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 | 1708 | by Staff reporter
Mr. President, you'll never fix the economy when you behave like a witchdoctor!
When I was listening to President Emmerson Dambudzo Mnangagwa delivering his State of the Nation Address (SONA) yesterday, I hoped he would finally provide solutions to the country's economic crisis....Published: 03 Oct 2024 at 10:45hrs | 794 | by Tendai Ruben Mbofana
Zimbabweans outraged after RBZ devalues ZiG
A storm of outrage has swept across Zimbabwe following the Reserve Bank of Zimbabwe's (RBZ) shocking decision to devalue the Zimbabwe Gold (ZiG) currency by 75%. The drastic measure has ignited a wave...Published: 28 Sep 2024 at 13:27hrs | 6784 | by Staff reporter
Zimra goes after businesses rejecting ZiG
The Zimbabwe Revenue Authority (ZIMRA) has launched a sweeping operation targeting businesses that are evading taxes and undermining the Zimbabwean currency (ZiG or ZWG) by rejecting the local currenc...Published: 27 Sep 2024 at 12:29hrs | 1397 | by Staff reporter
Zimra launches crackdown on economic saboteurs
The Zimbabwe Revenue Authority (ZIMRA) has launched a nationwide blitz targeting businesses that evade taxes and undermine the local currency, the Zimbabwe Gold (ZiG), by either rejecting it or falsel...Published: 27 Sep 2024 at 08:16hrs | 146 | by Staff reporter
ZSE outshines VFEX in wealth creation
The Zimbabwe Stock Exchange (ZSE) has emerged as the preferred investment destination for those seeking wealth creation, surpassing the foreign currency-denominated Victoria Falls Stock Exchange (VFEX...Published: 26 Sep 2024 at 13:37hrs | 64 | by Staff reporter
Shops dump ZiG official rate for two-tier pricing system
Just like other Zimbabwean currencies introduced since the year 2000, the Zimbabwe Gold (ZiG) currency is already showing signs of instability barely half a year after its introduction, with many shop...Published: 08 Sep 2024 at 13:51hrs | 9590 | by Staff reporter
Zimbabwe must copy China's Common Prosperity development model
ZIMBABWE has always regarded China as a friend and there is a need for the southern African investment-starved nation to copy the Asian giant country's common prosperity development model, which has s...Published: 17 Aug 2024 at 12:46hrs | 106 | by Silas Nkala
Zimbabwe economy on the upswing, rating agency says
ICRA Rating, a UAE-based credit rating agency, has lauded Zimbabwe's economy for demonstrating impressive resilience and growth. The agency attributes this positive outlook to recent government initia...Published: 12 Jul 2024 at 09:15hrs | 49 | by Staff reporter
13 year-old football star in the making
FILABUSI B Primary School pupil, Thabo Omuhle Sibanda (13) was the only soccer player from his school to make it into the Insiza District team for the provincial championships to be held at Mzingwane ...Published: 11 Jul 2024 at 07:24hrs | 5 | by Staff reporter
John II's mission impossible to save Zimbabwe economy clocks 100 days
Zimbabwe's new central bank Governor John Mushayavanhu has done the seemingly impossible in his first 100 days - created a stable currency and tamed price pressures in a nation that's been a poster-ch...Published: 08 Jul 2024 at 11:06hrs | 8 | by Staff reporter
Zimbabwe economy could hamper Mnangagwa's Brics ambition
President Emmerson Mnangagwa has announced Zimbabwe's readiness to join the BRICS grouping, claiming the country now has a stable currency and solid economic fundamentals. BRICS, comprising Brazil, Ru...Published: 02 Jul 2024 at 12:49hrs | 16 | by Staff reporter
Zimbabwe to seek global recognition for ZiG
The Reserve Bank of Zimbabwe (RBZ) is committed to ensuring the long-term sustainability of the Zimbabwe Gold (ZiG) as a viable currency and aims to establish the local currency as a globally rec...Published: 24 Jun 2024 at 06:22hrs | 1 | by Staff reporter
Zulu Lithium successfully commissioned without Mnangagwa
Premier African Minerals Limited has successfully commissioned the Zulu Lithium Mine in Insiza District, Matabeleland South Province, producing 350 tonnes of spodumene concentrate in recent weeks....Published: 02 Jun 2024 at 09:06hrs | 8 | by Staff reporter
Mnangagwa's govt to extend ZiG currency crackdown to shops
The government intends to expand its crackdown on street currency traders to include retailers, ensuring that goods and services are priced using only the official exchange rate of the new ZiG currenc...Published: 18 May 2024 at 12:38hrs | 16 | by Staff reporter
RBZ is the problem not ZiG!
Before going to press on the Zimbabwe currency crisis, I had seven questions I wanted authoritatively answered. Professor Gift Mugano was the answer."Isn't he the one who is supposed to disapp...Published: 16 Apr 2024 at 17:58hrs | 4 | by Kenneth Mufuka
Zimbabwe's new ZiG spins markets into trading disruptions and uncertainty
Zimbabwe's newly introduced ZiG currency is causing market disruptions and transaction bottlenecks despite central bank assurances that it is backed by gold and foreign currency reserves, amid sceptic...Published: 09 Apr 2024 at 06:24hrs | 3 | by Staff reporter
Cattle destocking frenzy in motion
A cattle destocking frenzy is in motion with a number of abattoirs getting an overwhelming supply of cattle, resulting in some suspending slaughtering as farmers have started laying off stock in...Published: 24 Mar 2024 at 14:58hrs | 20 | by Staff reporter
Zimplats shields US$1,8 billion expansion plan
PLATINUM giant Zimplats says the current cost-cutting initiatives aim to lessen the effect of budget cuts on its growth strategy, which includes a US$1,8 billion expansion programme.The compan...Published: 21 Mar 2024 at 08:46hrs | | by Staff reporter
Shambolic start for Harare minions
CAPS United coach Lloyd Chitembwe was left to rue missed opportunities in his team's defeat to Chicken Inn, as the Castle Lager Premier Soccer League season got off to a disappointing start for all th...Published: 12 Mar 2024 at 05:11hrs | | by Staff reporter
'Zimbabwe inflation rate at 747%'
ZIMBABWE'S annual inflation could be over 20 times higher than the official rate of 34,8%, an independent advisory estimated this week, as it gave glimpses into fundamentals behind deeper turbulence c...Published: 16 Feb 2024 at 15:22hrs | 2 | by Staff reporter
IMF trashes Zimbabwe inflation statistics
Government last year directed the Zimbabwe National Statistics Agency (Zimstat) to stop publishing local currency indexed inflation and switch to the blended rate, which it said was ideal as the count...Published: 16 Feb 2024 at 15:22hrs | 1 | by Staff reporter
Withdraw Zimdollar from circulation
GOOD day, President Emmerson Mnangagwa. Your Excellency, it is my conviction that the Zimdollar, all things considered, is a swine. It is the epitome of voodoo economics, based on implausible assumpti...Published: 14 Feb 2024 at 19:25hrs | 2 | by Cyprian Muketiwa Ndawana
How is the world combating rising energy prices?
Every country is approaching higher than typical energy prices we’re all facing right now in different ways. Rather than compare one country with another and create a piece that can be out of date t...Published: 07 Feb 2024 at 12:42hrs | 59 | by Staff Reporter
Foreign investors ditch Zimbabwe capital markets
FOREIGN investors continue to lower their interest on the local capital markets, with investor participation on annual value traded averaging 3%, due to policy inconsistency and inflation, leading res...Published: 30 Jan 2024 at 07:47hrs | 2 | by Staff reporter
Chamisa ends weeks of speculation
ZIMBABWE'S main opposition leader Nelson Chamisa yesterday finally abandoned the Citizens Coalition for Change (CCC) saying the party had been hijacked by Zanu-PF. Chamisa formed the CCC in 2022 after...Published: 26 Jan 2024 at 04:45hrs | 1 | by Staff reporter
Chamisa's strategic ambiguity made CCC vulnerable to political autoimmunity
THE term "autoimmune disease" refers to a condition whereby the body attacks normal cells by mistake because its natural defence system is unable to distinguish between foreign and body cells....Published: 22 Jan 2024 at 12:45hrs | | by Tapiwa Gomo
The Embarrassment of Chamisa's 'Democratic Alternative of Zimbabwe'
The Embarrassment of Chamisa's 'Democratic Alternative of Zimbabwe': A Lesson in Failed RebrandingRecent events have once again highlighted the internal struggles and confusion within Zimbabwe...Published: 19 Jan 2024 at 13:22hrs | 20 | by Dereck Goto
Chamisa gives up on CCC name?
CITIZENS Coalition for Change (CCC) leader, Nelson Chamisa, "plans" to adopt a new party name amid indications that he is losing grip on the opposition movement.Chamisa's CCC was thrown into c...Published: 18 Jan 2024 at 17:51hrs | 17 | by Staff reporter
Chamisa's survival depends on his rivals
As the New Year inches closer, it has become apparent that opposition Citizens' Coalition for Change (CCC) leader Nelson Chamisa's political survival will depend on his ability to work with a team of ...Published: 31 Dec 2023 at 14:19hrs | 14 | by Staff reporter
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