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Mushayavanhu under fire for outdated monetary assumptions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 | 487 | by Staff reporter
Zimbabwe tourism industry bleeds US$40 million in 90 days
Zimbabwe's tourism industry is reeling from a steep downturn after losing nearly US$40 million in potential revenue during the first quarter of 2025, amid a silent but deadly investor exodus and persi...Published: 06 Jun 2025 at 12:03hrs | 272 | by Staff reporter
Afreximbank pegs Zimbabwe growth at 3,8%
The African Export–Import Bank (Afreximbank) has downgraded Zimbabwe's economic growth forecast for 2025 to 3.8%, considerably lower than the optimistic 6% growth target set by the government and Br...Published: 26 May 2025 at 08:32hrs | 193 | 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
Nedbank reaffirms commitment to Zimbabwe as an investment destination
Nedbank Group has reiterated that Zimbabwe remains an attractive destination for foreign direct investment and pledged continued support for key sectors of the economy to drive growth.Dr. Tere...Published: 07 Mar 2025 at 06:55hrs | 110 | by Staff reporter
Zimbabwe raises savings rates, cuts POS charges
The Reserve Bank of Zimbabwe (RBZ) has introduced a series of bold monetary policy measures aimed at promoting the use of the Zimbabwe Gold (ZiG) currency and enhancing economic stability. These measu...Published: 07 Feb 2025 at 06:35hrs | 410 | by Staff reporter
Zimbabwe's high economic growth rate actually shows a struggling economy
The government of Zimbabwe has consistently paraded the positive economic growth rate experienced over the past few years as a sign of a robust and thriving economy. To bolster its narrative, ...Published: 19 Jan 2025 at 12:23hrs | 437 | by Tendai Ruben Mbofana
Zimbabwe's tourism sector leads GDP growth in 2024
With 2024 drawing to a close, Tourism and Hospitality Industry Minister Barbara Rwodzi has hailed the year as a monumental success for Zimbabwe's tourism sector. Speaking in Victoria Falls, where she ...Published: 31 Dec 2024 at 13:43hrs | 112 | by Staff reporter
Zimbabwe's GDP takes US$12bn knock
Zimbabwe's gross domestic product (GDP) has sharply fallen to US$35 billion in November, a staggering 25% decline from US$47 billion in April. The sharp contraction highlights the dire economic challe...Published: 14 Dec 2024 at 10:35hrs | 197 | by Staff reporter
2025 Budget: A shallow, hollow, narcissistic and dishonest anti-people ritual
THE 2024 budget statement was presented in backdrop of a tough and challenging year for the working people of Zimbabwe. A year in which the citizen had been abused by extreme levels of inflation, emas...Published: 29 Nov 2024 at 18:47hrs | 736 | by Tendai Biti
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
Chinese debt threatens to switch off Zimbabwe's Hwange
Zimbabwe's industrial sector is on edge this week as concerns grow over the future of the Hwange Thermal Power Station, a critical asset for the country's beleaguered power grid. With power utility Ze...Published: 24 Nov 2024 at 10:14hrs | 11749 | by Staff reporter
There're now two Zimbabwes: One for a small elite and the other for millions of poor Zimbabweans
Over the past few years, Zimbabwe has reportedly experienced steady economic growth. According to government statistics, GDP growth rates have shown positive movement, suggesting that the coun...Published: 13 Nov 2024 at 22:05hrs | 585 | by Tendai Ruben Mbofana
If Smith was an oppressor, then what is Mnangagwa?
As I sit here, my work at a standstill due to the daily power outages we are experiencing in Zimbabwe, most times going for 15 hours or more a day, I can not help wondering.What has this suppo...Published: 30 Oct 2024 at 22:17hrs | 850 | by Tendai Ruben Mbofana
Choppies mulls Zimbabwe exit
Botswana-based retailer Choppies Enterprise Limited is contemplating a withdrawal from the Zimbabwean market, citing significant financial pressure stemming from the instability of the newly introduce...Published: 29 Oct 2024 at 07:44hrs | 6768 | by Staff reporter
Zimbabwean industry urged to brace for AfCFTA competition
Zimbabwe's local industry must be ready for competition from across the continent as the African Continental Free Trade Area (AfCFTA) comes into force, Industry and Commerce Minister Mangaliso Ndlovu ...Published: 29 Oct 2024 at 07:22hrs | 133 | by Staff reporter
SA constitution serves the elite and the neoliberal agenda
The MK Party has called for the scrapping of South Africa's constitution, claiming it serves the elite and the neoliberal agenda. The party, led by former president Jacob Zuma who was in the A...Published: 19 Oct 2024 at 19:59hrs | 262 | by Staff reporter
Zimbabwe govt keeps civil servants' salaries at 12% of GDP
The Zimbabwean government has announced that it will maintain civil servants' salaries at 12% of the gross domestic product (GDP), using GDP growth as the benchmark for future salary improvements. Thi...Published: 18 Oct 2024 at 08:52hrs | 2732 | by Staff reporter
ZimAlloys resumes chrome smelting
ZimAlloys, a ferrochrome producer based in Gweru, has restarted its chrome smelting operations after an 11-year break, thanks to a US$7 million investment from Kuvimba Mining House. The company's revi...Published: 18 Oct 2024 at 08:37hrs | 204 | by Staff reporter
Zimbabwe government's continued web of lies on ZiG gold-backing exposed!
Yesterday's statement, in a ZBC interview, by Reserve Bank of Zimbabwe Governor John Mushayavanhu has sparked confusion regarding the country's new currency, the Zimbabwean Gold (ZiG). The gov...Published: 11 Oct 2024 at 08:32hrs | 2304 | by Tendai Ruben Mbofana
'ZiG defence plan doomed'
The introduction of Zimbabwe's gold-backed currency, Zimbabwe Gold (ZiG), has faced a series of severe setbacks, pushing the economy deeper into turmoil, according to a new report by the Confederation...Published: 05 Oct 2024 at 16:35hrs | 2670 | by Staff reporter
Currency crisis piles more misery on fragile Zimbabwe economy
Leading economists have raised concerns over the potential economic impact of the recent waves of price hikes and currency volatility, which threaten to further destabilize an already fragile economy....Published: 20 Sep 2024 at 13:12hrs | 3500 | by Staff reporter
South Africa GDP growth is an 'illusion' benefiting the few
The Economic Freedom Fighters (EFF) have dismissed the recent GDP growth figures released by Statistics South Africa (Stats SA) as "misleading", accusing the government and financial institutions of c...Published: 05 Sep 2024 at 09:17hrs | 187 | by Staff reporter
ZiG uncertainties to frustrate GDP forecasts
Zimbabwe's economic growth prospects are facing serious challenges due to liquidity shortages and a severe drought, according to leading advisory firms and economists. In a recent mid-term bud...Published: 03 Aug 2024 at 12:57hrs | 201 | by Staff reporter
Zanu-PF youths want the Mnangagwa to complete Vision 2030
The recent Zanu-PF inter-district youth meeting in Gweru was marked by strong support for President Mnangagwa to continue leading Zimbabwe, despite his announcement to retire at the end of his term in...Published: 20 Jul 2024 at 11:49hrs | 129 | by Staff reporter
Zimbabwe moves to eradicate child labour in agric sector
The Government of Zimbabwe, in collaboration with the National Employment Council for Agricultural Industry (NECAgriculture), is committed to eradicating child labor in the agricultural sector by impl...Published: 02 Jul 2024 at 11:17hrs | 7 | by Staff reporter
Ramaphosa's ANC has not learnt from history
In 2018, ANC chose Cyril Ramaphosa as President because they believed that white capital liked him and thus he would attract western investment into the country. However, things did not quite go accor...Published: 14 Jun 2024 at 13:23hrs | 26 | by Staff reporter
Zimbabwe leverages on resources for economic stability
The backing of Zimbabwe's currency by gold and strategic mineral reserves is reflective of the Second Republic's determination to ensure the country's natural resources are leveraged to advance sustai...Published: 11 Apr 2024 at 08:37hrs | | by Staff reporter
Zimbabwe unstoppable, says Mnangagwa
Despite the albatross of illegal, unjust, and baneful economic sanctions, Zimbabwe will continue marching on the path towards upper-middle-class economic status by 2030 with every Zimbabwean having a ...Published: 09 Mar 2024 at 09:13hrs | 2 | by Staff reporter
IMF wants Zimbabwe central bank to dump monetary policies
THE International Monetary Fund (IMF) has advised government to cut the Reserve Bank of Zimbabwe's (RBZ) role in crafting monetary policies to just its core functions, after the local currency depreci...Published: 15 Feb 2024 at 10:07hrs | 3 | by Staff reporter
Zimbabwe's economy grew faster than South Africa's since the ANC took over
President Cyril Ramaphosa's claims about South Africa's economic growth during his 2024 State of the Nation Address (SONA) hid the truth about how badly the country is really performing.In his...Published: 12 Feb 2024 at 15:13hrs | 1 | by Daily Investor
Zimbabwe now has a system that works
ALL signs point to the undeniable fact that 2024 will indeed be a great year. So far so good. Amid all the political noise, the Zanu-PF-led Government is not stopping. We are f...Published: 21 Jan 2024 at 07:26hrs | 2 | by Dr Obert Mpofu
Zimbabwe GDP to grow by 4,8%
The International Monetary Fund (IMF) has reported that Zimbabwe's real gross domestic product is expected to grow by approximately 4.8 percent in the current year, driven primarily by robust performa...Published: 26 Oct 2023 at 06:26hrs | 1 | by Staff reporter
Zimbabwe inflation to hit 400% by year end, says IMF
The International Monetary Fund (IMF) has forecast that Zimbabwe's annual inflation rate is expected to rise to nearly 400% by the end of the year due to the depreciation of the local currency. This p...Published: 13 Oct 2023 at 06:36hrs | 1 | by Staff reporter
Mthuli Ncube says Zimbabwe's economy remains on positive trajectory
The country's economy remains on a positive growth trajectory with the prevailing macro-economic stability expected to continue, Finance and Investment Promotion Minister Professor Mthuli Ncube has sa...Published: 03 Oct 2023 at 06:10hrs | 2 | by Staff reporter
Mthuli Ncube says Zimbabwean's economy is booming
Finance and Investment Promotion Minister, Mthuli Ncube, has stated that Zimbabweans should embrace the current favorable economic conditions, emphasizing that the country's economy is thriving....Published: 19 Sep 2023 at 06:31hrs | 3 | by Staff reporter
Final Matabeleland North civil servants' relocation by December 2023
The government has made a commitment to promptly address pending water and electricity connections for civil servants' residences in Lupane, facilitating the relocation of all government employees to ...Published: 19 Sep 2023 at 06:28hrs | 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 | 15 | by Staff reporter
Zimbabwe experienced a significant increase in macroeconomic fluctuations in June 2023
Zimbabwe Coalition on Debt and Development has said Zimbabwe experienced a significant increase in macroeconomic fluctuations in June 2023, with the local currency losing over 55% of its value in both...Published: 25 Jul 2023 at 12:42hrs | 17 | by Stephen Jakes
Zimbabwe GDP jumps 6,2% to $56 billion
ZIMBABWE's gross domestic product (GDP) grew by 6,2 percent to clock $56,1 billion during the first quarter of the year 2023 when compared to $52,8 billion recorded in the same period last year....Published: 14 Jul 2023 at 07:43hrs | 9 | by Staff reporter
Zimbabwe registers 6,5% GDP growth
ZIMBABWE'S economy grew by 6,5 percent last year, as the country's Gross Domestic Product (GDP) continues to increase year by year, despite the adverse impacts of the Covid-19 pandemic, the Zimbabwe N...Published: 04 Jul 2023 at 07:05hrs | 1 | by Staff reporter
SA's troubles are mounting, IMF warns
The IMF has warned that SA faces "mounting economic and social challenges" as economic growth recedes, consumer and business sentiment remain weak, and energy and logistics crises deepen. It a...Published: 06 Jun 2023 at 18:11hrs | 1 | by Staff reporter
Zimbabwe govt to revise 2023 GDP growth upwards
FINANCE minister Mthuli Ncube yesterday said Zimbabwe's gross domestic product (GDP) growth prediction of 3,8% was understated because of improved agricultural performance.The government expec...Published: 27 Apr 2023 at 06:30hrs | | by Staff reporter
Zimdollar plunges 53%
UNCERTAINTY over Zimbabwe's growth prospects deepened this week, after a leading advisory said its currency had shed 58% of its value in the first quarter.It was a continuation of negative dev...Published: 14 Apr 2023 at 19:48hrs | 2 | by Staff reporter
Forex may retard Zimbabwe's GDP growth
THE Confederation of Zimbabwe Industries (CZI) says while full dollarisation of the economy will slow down inflation, the increased use of foreign currency may retard gross domestic product (GDP) grow...Published: 28 Feb 2023 at 10:42hrs | 1 | by Staff reporter
Zimbabwe aims for top spot in carbon steel production
ZIMBABWE is now on a sustainable economic growth path following a number of interventions and is set to become one of the top carbon steel producers in sub-Saharan Africa in the next three years on th...Published: 30 Jan 2023 at 07:10hrs | 1 | by Staff reporter
Analysis of the 2023 national budget
The Zimbabwean government presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The government expects to collect revenues totaling ZW$3.9 billion (18% of GDP), thus resulting...Published: 16 Dec 2022 at 00:15hrs | 15 | by Victor Bhoroma
Zimbabwe now one of the fastest growing African economies
ANALYSING Zimbabwe's unconventional economy always proves somewhat cumbersome because it is a country bridled with policy inconsistency, unfavourable operating conditions buoyed by decades of unilater...Published: 02 Dec 2022 at 19:32hrs | 1 | by Respect Gwenzi
Mthuli Ncube slashes Zimbabwe growth estimates to 4%
SOFTENING commodity prices on the international market have forced Zimbabwe's Treasury to cut economic growth projections for this year to 4% from 4.5% as the government's ambitious plan to build an u...Published: 27 Nov 2022 at 14:57hrs | | by Staff reporter
Mnangagwa's govt in $174 billion expenditure overrun
ZIMBABWE has reported a $174 billion expenditure overrun in the nine months of 2022 to September, latest figures show.Despite beating revenue collection targets for the nine months of 2022 by ...Published: 27 Nov 2022 at 14:54hrs | | by Staff reporter
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