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RBZ dismisses fake news of POSB sale
The Governor of the Reserve Bank of Zimbabwe (RBZ), John Mushayavanhu, has dismissed claims that the People's Own Savings Bank (POSB) is up for sale. This follows reports suggesting that the state-own...Published: 20 hrs ago | 104 | by Staff reporter
Rwanda-backed rebels occupy a 2nd major city in Congo's mineral-rich east
Rwanda-backed rebels have occupied a second major city in mineral-rich eastern Congo, the government said Sunday, as M23 rebels confirmed they were in the city to restore order after it was abandoned ...Published: 17 Feb 2025 at 10:56hrs | 687 | by Staff reporter
World Bank implores Zimbabwe to maintain tight money supply
The World Bank has urged Zimbabwe to maintain its tight monetary policy stance and resist spending pressures to control inflation and ensure lasting exchange rate stability.Inflation in Zimbab...Published: 17 Feb 2025 at 09:00hrs | 250 | by Staff reporter
Bank manager grilled in Gono fraud case
The trial of a Harare couple accused of fraudulently altering the directorship of Valley Lodges, a property linked to former Reserve Bank of Zimbabwe (RBZ) Governor Gideon Gono, continued on Friday, w...Published: 16 Feb 2025 at 07:47hrs | 833 | by Staff reporter
Zimbabwe's bullion-backed ZiG is missing out on gold's record run
Zimbabwe's bullion-backed currency is missing out on an impressive gold rally, because of a liquidity squeeze that's choking the economy and difficulties in exchanging the unit for dollars.Sin...Published: 14 Feb 2025 at 08:40hrs | 431 | by Staff reporter
Zambia to introduce new banknotes on March 31, 2025
The Bank of Zambia (BoZ) has announced the introduction of new banknotes and coins for the Zambian kwacha, set to launch on March 31, 2025. This marks a significant update to the nation's currency, ai...Published: 12 Feb 2025 at 19:44hrs | 1037 | by Staff reporter
Zimbabwe Braces for HIV Resurgence as US Aid Evaporates
Rumbidzai, a sex worker from the bustling settlement of Epworth in Harare, has been taking antiretroviral drugs since 2017. For over two years, the mother of three has relied on mobile clinics that re...Published: 12 Feb 2025 at 11:29hrs | 390 | by Staff reporter
Mnangagwa appoints Ndudzo as new Mashonaland East governor
President Emmerson Mnangagwa has appointed Zanu-PF Hwedza North Member of Parliament, Advocate Itayi Ndudzo, as the new Minister of State for Provincial Affairs and Devolution for Mashonaland East Pro...Published: 12 Feb 2025 at 11:22hrs | 420 | by Staff reporter
Zimbabwe's gold coins sell for record $3,000 as bullion surges
Zimbabwe's gold coins sold above $3 000 for the first time since they were introduced almost three years ago as the price of bullion surged.The 22-carat "Mosi-Oa-Tunya" gold coins, named after...Published: 12 Feb 2025 at 06:39hrs | 733 | by Staff reporter
'Zimbabwe banks have robust cybersecurity systems'
The Reserve Bank of Zimbabwe (RBZ) has prioritized cybersecurity and artificial intelligence (AI) as critical pillars for the financial sector's growth and stability, according to its 2025 Monetary Po...Published: 11 Feb 2025 at 06:38hrs | 130 | by Staff reporter
RBZ intervenes in data pricing discrimination against ZiG
The Reserve Bank of Zimbabwe (RBZ) has moved to address concerns over discriminatory pricing by mobile network operators and internet service providers, particularly regarding their preference for tra...Published: 10 Feb 2025 at 15:28hrs | 1945 | by Staff reporter
RBZ predicts inflation to trend down in 2025
The Reserve Bank of Zimbabwe (RBZ) is optimistic about continued inflation moderation, forecasting the monthly inflation rate to average 3% or less in 2025. The central bank expects the annual inflati...Published: 10 Feb 2025 at 06:31hrs | 171 | by Staff reporter
Zimbabwe central bank cracks down on cash hoarding
The Reserve Bank of Zimbabwe (RBZ) has expressed concern over millions of dollars lying idle in cash deposit boxes across the country, warning that the growing trend is stifling economic growth by dep...Published: 09 Feb 2025 at 17:40hrs | 6317 | by Staff reporter
Zimbabwe struggles to promote ZiG
THE Zimbabwean government faces challenges in promoting the Zimbabwe Gold (ZiG) currency for financial stability, as some businesses remain reluctant to accept it, preferring the U.S. dollar, which re...Published: 08 Feb 2025 at 12:52hrs | 579 | by Staff reporter
Zimbabwe's foreign currency reserves surge by 87%
The Reserve Bank of Zimbabwe (RBZ) has reported a significant increase in its foreign currency reserves, which have surged by 87% to reach US$550 million as of January 2025. This marks a substantial g...Published: 08 Feb 2025 at 12:49hrs | 3920 | by Staff reporter
Zimbabwe central bank speaks on retailers
The Reserve Bank of Zimbabwe (RBZ) has dismissed claims by registered retailers that the country's economic environment is to blame for their operational challenges, pointing instead to gross mismanag...Published: 08 Feb 2025 at 12:30hrs | 182 | by Staff reporter
RBZ to introduce higher denomination ZiG notes
The Reserve Bank of Zimbabwe (RBZ) has announced plans to introduce higher denominations of the Zimbabwe Gold (ZiG) currency by the third quarter of 2025. This move aims to address challenges with the...Published: 07 Feb 2025 at 17:44hrs | 895 | by Staff reporter
Central bank to improve design and quality of Zimbabwe Gold banknotes
The Reserve Bank of Zimbabwe (RBZ) is set to enhance the quality and design of Zimbabwe Gold (ZiG) banknotes to align with international standards, addressing public concerns over their durability and...Published: 07 Feb 2025 at 17:43hrs | 257 | by Staff reporter
Tinaye Chigudu declared national hero
President Emmerson Mnangagwa has paid tribute to veteran liberation fighter and former Manicaland Governor, Tinaye Elisha Nzirasha Chigudu, describing him as a "principled cadre" whose unwavering comm...Published: 07 Feb 2025 at 17:22hrs | 625 | by Staff reporter
Malawi orders troops to withdraw from DR Congo
Malawi's President Lazarus Chakwera has ordered the military to begin preparing to withdraw from their peacekeeping mission in the volatile eastern Democratic of Congo.The Malawian troops are ...Published: 07 Feb 2025 at 06:59hrs | 1609 | by Staff reporter
Zimbabwe central bank goes after informal traders forex, exporters' proceeds
The Reserve Bank of Zimbabwe (RBZ) has announced a further reduction in export retention proceeds, cutting them by an additional 5%, as part of measures aimed at boosting foreign currency reserves and...Published: 07 Feb 2025 at 06:43hrs | 1181 | 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 | 391 | by Staff reporter
Hero status sought for Chigudu
The ZANU PF Manicaland Province has formally recommended to the Politburo that Tinaye Elisha Nzirasha Chigudu be declared a national hero in recognition of his significant contributions during and aft...Published: 07 Feb 2025 at 06:34hrs | 238 | 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 | 163 | by Staff reporter
Former Manicaland Governor dies at 83
Former Manicaland Provincial Governor and decorated liberation war veteran, Tinaye Elisha Nzirasha Chigudu, has passed away at the age of 83.Chigudu died last night at his home in Mt Pleasant,...Published: 06 Feb 2025 at 15:54hrs | 612 | by Staff reporter
Mnangagwa touches off storm over US deportations
President Emmerson Mnangagwa has caused a stir after publicly backing United States President Donald Trump's decision to deport over 500 undocumented Zimbabweans, as part of the Trump administration's...Published: 06 Feb 2025 at 08:19hrs | 705 | by Staff reporter
Zimbabwe central bank widens blitz on defiant business
The Reserve Bank of Zimbabwe (RBZ) has announced an expanded blitz targeting businesses across the country that are refusing to comply with government directives on the use of the multicurrency system...Published: 05 Feb 2025 at 11:42hrs | 350 | by Staff reporter
Legal battle over Gono linked company continues in Harare court
A Harare couple, Aisha and Clark Clever Makoni, is embroiled in a legal dispute over allegations of fraudulently altering the directorship of Valley Lodges, a company reportedly linked to former Reser...Published: 04 Feb 2025 at 16:47hrs | 110 | by Staff reporter
Zimbabwe gold reserves rise to $533 million
Zimbabwe's reserves backing the Zimbabwe Gold (ZiG) currency, including foreign currency and gold, have surged to US$533 million following a directive by President Emmerson Mnangagwa requiring 50% of ...Published: 12 Jan 2025 at 11:55hrs | 142 | by Staff reporter
Zimbabwe's narrative: A view from the outside!
In the case of Zimbabwe, Robert Mugabe's government was democratic, economically savvy and politically astute, until one day, overnight, it became oppressive and intolerable.The sudden change ...Published: 22 Dec 2024 at 12:04hrs | 706 | by Kenneth Mufuka
Zanu-PF MP steps down from PSL 'good riddance of bad rubbish
The curtain is coming down on Farai Jere's tenure as the Premier Soccer League (PSL) chairman, a role he assumed on September 9, 2018. As he prepares to step down on December 31, Jere spent yesterday ...Published: 20 Dec 2024 at 11:05hrs | 384 | by Staff reporter
Zimbabwe's banking sector sees surge in US dollar deposits
Zimbabwe's banking sector has experienced a remarkable increase in confidence, with foreign currency deposits rising by 13% to US$2.64 billion in October 2024, compared to the same period in 2023. Thi...Published: 14 Dec 2024 at 12:35hrs | 2155 | by Staff reporter
RBZ deputy governor says Zimbabwe banking sector is resilient, stable
Reserve Bank of Zimbabwe (RBZ) Deputy Governor, Innocent Matshe, has highlighted the continued resilience and stability of the country's banking sector, despite facing challenges such as liquidity iss...Published: 13 Dec 2024 at 09:36hrs | 86 | by Staff reporter
4 banks quit in South Africa in 2024
BNP Paribas, HSBC, Sasfin Bank, and Bidvest Bank have all announced massive changes to their South African operations in 2024.French-based BNP Paribas was the first bank of the four to announc...Published: 09 Dec 2024 at 15:19hrs | 781 | by Staff reporter
Catholics probe St Ignatius abuses
The owners of St Ignatius College Chishawasha, a religiously affiliated educational institution, have launched an investigation into allegations of sodomy and sexual abuse allegedly committed by the l...Published: 09 Dec 2024 at 07:00hrs | 787 | by Staff reporter
'Cupcake is a front!' said Tito Mboweni
Former mining minister Ngoako Ramatlhodi has slammed the African National Congress, also revealing private text messages between himself and Tito Mboweni, where the late former finance minister expres...Published: 08 Dec 2024 at 13:55hrs | 1265 | by Staff reporter
Zimbabwe inflation eases
Zimbabwe's inflation rate eased significantly in November, marking a slowdown to 11.7% from 37.2% in October, according to the Reserve Bank of Zimbabwe (RBZ). The decline was attributed to the central...Published: 05 Dec 2024 at 11:08hrs | 491 | by Staff reporter
RBZ keeps rates steady
Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu has announced that the bank policy rate will remain at 35%, and statutory reserve requirements will stay unchanged, as the central bank seeks ...Published: 05 Dec 2024 at 06:55hrs | 454 | by Staff reporter
Zimbabwe's Matebeleland might have a claim in Botswana's Tati concession
The government of Botswana, through the Ministry of Lands and Agriculture, acquitted 45,000 hectares of land from the Tati company under the willing buyer and willing seller arrangement. The Botswana ...Published: 04 Dec 2024 at 10:10hrs | 22646 | by Zenzele Ndebele
Trump suggests Canada should become the 51st US State
US President-elect Donald Trump has suggested that Canada should become the 51st US state unless it manages to halt the flow of illegal migrants and drugs across its border with the US, Fox News repor...Published: 03 Dec 2024 at 11:05hrs | 1481 | by Staff reporter
RBZ assures bonus payments will not disrupt economic stability
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu has assured that the payment of civil servant bonuses ahead of the festive season will not affect price stability or the exchange rate....Published: 01 Dec 2024 at 08:50hrs | 103 | by Staff reporter
Russia fires powerful intercontinental ballistic missile in attack on Ukraine
Russia launched an intercontinental ballistic missile during an attack on Ukraine on Thursday, Kyiv's air force said, in the first known use in the war of such a powerful, nuclear-capable weapon with ...Published: 21 Nov 2024 at 10:20hrs | 2259 | by Staff reporter
Zimbabwe foreign currency reserves rise to US$500m
Zimbabwe's foreign currency reserves backing its local currency, the Zimbabwe Gold (ZiG), have surged past US$500 million, tripling the total amount of ZiG in circulation. This development is expected...Published: 10 Nov 2024 at 10:41hrs | 170 | by Staff reporter
Zimbabwe to ease currency reins and allow free-float of ZiG
Zimbabwe wants its gold-backed currency to float freely on the foreign exchange market, the central bank's deputy governor said, though he declined to spell out when this would happen."The ide...Published: 07 Nov 2024 at 15:03hrs | 9846 | by Staff reporter
Zimbabwe to hold talks on $21 billion debt albatross this month
Zimbabwe will resume talks with creditors later this month to restructure $21 billion in external debt as it seeks to exit a default that's kept it locked out of international capital markets since 19...Published: 07 Nov 2024 at 07:17hrs | 392 | by Rigid Kondongwe
Management shake up at RBZ
The Reserve Bank of Zimbabwe (RBZ) is initiating a significant remodelling of its management structure as newly appointed Governor John Mushayavanhu aims to assemble a capable team to address the coun...Published: 01 Nov 2024 at 06:48hrs | 2574 | by Staff reporter
Gono company directorship change case takes new twist
The trial of Clark Clever Makoni and his wife Beverly Aisha Ndonda Makoni resumed yesterday, with the prosecution alleging that the couple engaged in fraudulent activities by illegally changing the di...Published: 01 Nov 2024 at 06:40hrs | 475 | by Staff reporter
Devaluation fails to halt ZiG free-fall
Zimbabwe's new local currency, the Zimbabwe Gold (ZiG), has taken another hit, losing an additional 11% of its value in under a month following a substantial 43% "devaluation" announced by monetary au...Published: 29 Oct 2024 at 13:49hrs | 4505 | by Staff reporter
RBZ pumps US$32 million into market
The Reserve Bank of Zimbabwe (RBZ) has infused approximately US$32 million into the interbank foreign exchange market over the past three weeks to stabilize the Zimbabwe Gold (ZiG) currency and addres...Published: 27 Oct 2024 at 12:19hrs | 156 | by Staff reporter
Bosso fans to boycott the next BF match again
Highlanders FC fans are being urged to gather at the Clubhouse rather than attend the team's upcoming league game against GreenFuel, as discontent grows over what fans call "predetermined outcomes" in...Published: 26 Oct 2024 at 12:51hrs | 308 | by Staff reporter
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