Search / Inflation
Ecocash loses ZWG 148,7 million in conversion to new currency
Ecocash Holdings Zimbabwe Limited, a leading diversified digital solutions group, has reported a loss of ZWG 148.7 million following the transition to the newly introduced ZWG currency, which was intr...Published: 7 hrs ago | 325 | by Staff reporter
Zimbabwe govt sinks in deep financial hole
The recent 43% devaluation of Zimbabwe's Zimbabwe Gold (ZiG) currency has exacerbated the government's financial crisis, leaving it struggling to meet its obligations while civil servants and other pu...Published: 19 Nov 2024 at 13:38hrs | 6542 | by Staff reporter
Edgar Lungu, the Tonse Coalition, and Zambia's political landscape: A clash of visions ahead of the 2026 elections
As Zambia gears up for the 2026 elections, the country's political scene is increasingly defined by the emerging rivalry between former President Edgar Lungu and current President Hakainde Hichilema, ...Published: 14 Nov 2024 at 12:28hrs | 627 | by Nkululeko Nkomo
Confidence in Zimbabwe gold currency hits historic low
Confidence in the Zimbabwe Gold (ZiG) currency has dropped to an all-time low, a member of the Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee has admitted.Introduced in April this ye...Published: 14 Nov 2024 at 09:52hrs | 1780 | by Staff reporter
Where are communities affected by climate change in Zimbabwe's bloated COP29 delegation?
The 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29), held in Baku, Azerbaijan, is once again the focal point of global climate discussions. ...Published: 13 Nov 2024 at 22:10hrs | 414 | by Tendai Ruben Mbofana
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 | 574 | by Tendai Ruben Mbofana
ZESA singlehandedly destroying Zimbabwe: The shocking truth behind the power crisis
In Zimbabwe, there is a harsh reality that every citizen faces: power outages, or "load shedding," are an almost daily occurrence. Power cuts, sometimes lasting up to 18 hours, have become the...Published: 12 Nov 2024 at 21:07hrs | 3569 | by Tendai Ruben Mbofana
Top Bank executive slams RBZ tight policy measures
A prominent banking executive has criticized the Reserve Bank of Zimbabwe (RBZ) for focusing too heavily on exchange rate stability at the cost of economic growth, warning that the central bank's rece...Published: 10 Nov 2024 at 11:05hrs | 1826 | by Staff reporter
Power Sales workers fume over salaries
Powersales, a retail clothing chain in Bulawayo, is embroiled in a dispute with its employees after management decided to offset outstanding salaries with sewing machines, leaving workers dissatisfied...Published: 10 Nov 2024 at 10:57hrs | 264 | 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 | 169 | by Staff reporter
Zimbabweans are educated for nothing: A nation of intellectuals with no voice
Zimbabwe is a country blessed with a wealth of intellectual capital.Its people are among the most educated in Africa, with a strong tradition of academic excellence, particularly in fields lik...Published: 08 Nov 2024 at 14:26hrs | 35426 | by Tendai Ruben Mbofana
'Zimbabwe economy among the least free globally'
Zimbabwe's economy remains among the least free globally, according to the Fraser Institute's newly released Economic Freedom Country Audit Zimbabwe (EFCAZ). The Canadian public policy think-tank, ren...Published: 08 Nov 2024 at 07:02hrs | 663 | by Staff reporter
Botswana to legalise undocumented Zimbabweans
Botswana’s new president has told the BBC that he wants undocumented Zimbabweans to be legalised by granting them temporary work and residence permits."They do jobs that would otherwise not ...Published: 08 Nov 2024 at 05:49hrs | 10619 | 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 | 391 | by Rigid Kondongwe
The uncanny parallels between Zanu-PF and the Rhodesian Front
THE white Rhodesian regime by all accounts waged a highly effective counter-insurgency war against the guerilla forces.Its successes were across the military and intelligence spheres.T...Published: 07 Nov 2024 at 07:15hrs | 556 | by Rigid Kondongwe
Zimbabwe govt posts ZiG3,4bn budget deficit
GOVERNMENT has reported a ZiG3,4 billion budget deficit for the first nine months of the year owing to inflationary pressures and growing expenditure.Finance, Economic Development and Investme...Published: 07 Nov 2024 at 07:13hrs | 268 | by Staff reporter
Why Kamala Harris Lost and How Donald Trump Won: A Deep Analysis of the 2024 US Election
Today I am mourning, but this too shall favour me - Donald Trump's victory and Kamala Harris's loss carry lessons for us all. She joined the race just 107 days ago, facing a former president who began...Published: 06 Nov 2024 at 12:43hrs | 1718 | by Ifeanyi Abraham
Donald J Trump's political Houdini act dazzles Kamala Harris
Donald J. Trump completed the greatest political comeback in modern U.S. history in the early hours of Wednesday, claiming enough electoral votes to defeat Vice President Kamala Harris and return to t...Published: 06 Nov 2024 at 11:49hrs | 684 | by Staff reporter
Retail outlets closes amid ZWG fluctuation
The recent spate of closures among prominent retail outlets in Zimbabwe has prompted Parliament to demand an explanation from Finance Minister Mthuli Ncube. The closures, attributed to the ongoing eco...Published: 05 Nov 2024 at 08:25hrs | 7785 | by Staff reporter
Windfall for 33,000 pensioners
The Mining Industry Pension Fund (MIPF) is preparing to compensate pensioners who lost benefits during Zimbabwe's hyperinflationary period between 2006 and 2009. The initiative comes amid reports that...Published: 04 Nov 2024 at 06:49hrs | 4309 | by Staff reporter
RBZ hikes limits for mobile money and electronic transactions
Zimbabwe's Reserve Bank (RBZ) has announced an increase in transaction limits for mobile money and electronic transfers, a move aimed at addressing the challenges posed by rising inflation and fluctua...Published: 02 Nov 2024 at 08:49hrs | 5599 | by Staff reporter
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 | 2518 | by Staff reporter
African Sun to Sell Monomotapa Hotel
The Zimbabwe Stock Exchange-listed hospitality group, African Sun Limited, has announced plans to sell its flagship property, the Monomotapa Hotel Crowne Plaza in Harare. The move comes as part of a s...Published: 01 Nov 2024 at 06:27hrs | 296 | by Sgtaff reporter
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 | 843 | by Tendai Ruben Mbofana
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 | 4502 | by Staff reporter
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 | 6749 | by Staff reporter
Bulawayo taxi association demands repeal of route-sharing policy
The United Bulawayo Taxi Association, representing a coalition of kombi (minibus) owners from various public transport groups, has submitted a petition to the Bulawayo City Council (BCC) demanding the...Published: 29 Oct 2024 at 07:36hrs | 198 | by Staff reporter
What did the ZANU-PF conference achieve besides trying to do something unconstitutional?
The recent ZANU-PF National People's Conference in Bulawayo was expected to chart a course for Zimbabwe's pressing challenges. Yet, rather than addressing the nation's economic woes, poverty l...Published: 28 Oct 2024 at 13:12hrs | 1002 | by Tendai Ruben Mbofana
Chamisa's lawyer says ZiG has expired
Nelson Chamisa's lawyer has alleged that Zimbabwe's gold-backed currency, the Zimbabwe Gold (ZiG), introduced in April as a stabilizing alternative to the Zimbabwean dollar, may have lost its status a...Published: 27 Oct 2024 at 19:19hrs | 3191 | by Staff reporter
Bolivia's Morales survives assassination attempt
Bolivia's Evo Morales said on Sunday his vehicle was hit by gunfire captured in a video, reflecting how political tensions have turned violent in the Andean nation between the former leader and his on...Published: 27 Oct 2024 at 14:42hrs | 799 | by Staff reporter
IMF cautions Zimbabwe
ZIMBABWE won't solve its economic challenges via the gold-backed ZiG currency that it launched in April and has since had to devalue, the International Monetary Fund said."There's a tendency t...Published: 27 Oct 2024 at 12:30hrs | 4013 | by Staff reporter
ZiG inflation rate now pegged at 37.2%
Zimbabwe's inflation rate for the Zimbabwe Gold (ZWG) currency surged to 37.2% in October, according to the latest data from the Zimbabwe National Statistics Agency (Zimstat). This sharp increase, ref...Published: 26 Oct 2024 at 12:48hrs | 296 | by Staff reporter
Why would Mnangagwa risk destroying Zimbabwe's stability for a measly two-year extension?
As the ZANU-PF National Conference unfolds in Bulawayo, Zimbabwe finds itself embroiled in a deeply troubling debate. Prominent voices within the ruling party are pushing for President Emmerso...Published: 26 Oct 2024 at 09:40hrs | 693 | by Tendai Ruben Mbofana
Zimbabwe needs alternative to US$
Persistence Gwanyanya, a member of the Reserve Bank of Zimbabwe's (RBZ) Monetary Policy Committee, has underscored the urgent need for alternatives to the US dollar as a store of value, highlighting c...Published: 25 Oct 2024 at 14:40hrs | 564 | by Staff reporter
US Ambassador agrees that Zimbabwe was under sanctions
In a recently published op-ed, US Ambassador to Zimbabwe, Pamela M. Tremont, provided clarity on the sanctions imposed on Zimbabwe, emphasizing the limited scope and specific targets of these measures...Published: 25 Oct 2024 at 12:54hrs | 601 | by Ambassador Pamela M. Tremont
'ZiG must go'
The Zimbabwe Gold (ZiG) currency is facing mounting pressure from the business community, which is advocating for its removal due to increasing volatility, despite the Reserve Bank of Zimbabwe's (RBZ)...Published: 24 Oct 2024 at 08:02hrs | 2200 | by Staff reporter
'ZANU-PF has sellouts,' Mnangagwa confirms
ZANU-PF's seemingly tense conference has forced its first secretary, Emmerson Mnangagwa to publicly warn against routine disloyalty and signals his preparedness to thwart any possibility of disorder c...Published: 23 Oct 2024 at 20:41hrs | 2985 | by Gideon Madzikatidze
Zimbabwe's Education-Economy Nexus
Zimbabwe's Education-Economy Nexus: Evaluating the Impact of Education on Graduate Employment and Economic GrowthIntroductionZimbabwe's educatio...Published: 23 Oct 2024 at 20:19hrs | 135 | by Isaac Nkomah
Potraz approves tariff increase for Zimbabwe telecoms sector
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has approved a tariff adjustment for local telecommunications companies in response to the recent devaluation of the Zimbabw...Published: 21 Oct 2024 at 14:01hrs | 1715 | by Staff reporter
RBZ blames speculative behaviour for ZiG's woes
The Reserve Bank of Zimbabwe (RBZ) has attributed the recent collapse of the newly introduced Zimbabwe Gold (ZiG) currency to rampant rent-seeking behavior and speculative activities within the parall...Published: 20 Oct 2024 at 14:12hrs | 236 | by Staff reporter
Barak Obama is out of touch about Kamala!
Brother Obama, president (2008-2016) is himself the cause for the decline of support among blacks for the Democratic Party.The entry of former president Barak Obama into the fray on behalf of ...Published: 20 Oct 2024 at 14:03hrs | 171 | by Kenneth Mufuka
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 | 201 | by Staff reporter
Billions 'wiped off' Zimbabwe banks
Bankers in Zimbabwe have attributed a significant downturn in revenues to frequent changes in the country's functional currency, as first-half financial statements revealed a staggering loss of billio...Published: 18 Oct 2024 at 12:28hrs | 1427 | by Staff reporter
Zimbabwe's resilience: A nation's ability to overcome economic challenges, from sanctions to currency instability
For over two decades, Zimbabwe has been a nation under siege. Economic sanctions, imposed primarily by the United States and its Western allies, have crippled the country's economy, creating one of th...Published: 18 Oct 2024 at 11:56hrs | 155 | by Michael Badze
Selling fuel in Zimbabwe's local currency will stabilising the ZiG
In a pivotal announcement, Zimbabwe's Finance Minister Mthuli Ncube declared that all taxes and fees should now be paid in the Zimbabwe Gold (ZiG) currency. This move is part of a broader strategy to ...Published: 17 Oct 2024 at 16:44hrs | 3248 | by Engineer Jacob Kudzayi Mutisi
Selling Fuel in Zimbabwe's Local Currency will Stabilising the ZiG
In a pivotal announcement, Zimbabwe's Finance Minister Mthuli Ncube declared that all taxes and fees should now be paid in the Zimbabwe Gold (ZiG) currency. This move is part of a broader strategy to ...Published: 17 Oct 2024 at 12:32hrs | 6185 | by Engineer Jacob Kudzayi Mutisi
Zimbabwean Mine Workers Demand Cost of Living Adjustments Amid Economic Crisis
Harare, Zimbabwe - The National Employment Council for the mining industry has received a petition calling for immediate cost of living adjustments to mine workers' salaries. The plea comes in respons...Published: 16 Oct 2024 at 17:03hrs | 778 | by Stephen Jakes
Mnangagwa's adviser says ZiG is 'doomed', warns RBZ Governor
Local economist and adviser to President Emmerson Mnangagwa, Eddie Cross, has issued a stark warning to Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu, cautioning that the country's new Zim...Published: 15 Oct 2024 at 18:10hrs | 5661 | by Staff reporter
Where does the Wealth of Wicknell Chivhayo come from?
In Zimbabwe, the name Wicknell Chivhayo often makes headlines, but for all the wrong reasons. Known for his extravagant lifestyle and generous philanthropic gestures, Chivhayo has gained a reputation ...Published: 12 Oct 2024 at 13:19hrs | 1568 | by Engineer Jacob Kudzayi Mutisi
Mnangagwa, central bank deliver damp squibs
President Emmerson Mnangagwa's recent State of the Nation Address (Sona) has come under heavy criticism from leading economists, who say it lacked concrete solutions to arrest the nation's spiraling e...Published: 11 Oct 2024 at 18:33hrs | 1320 | by Staff reporter
Load More Stories
