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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: 5 hrs ago | 255 | 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: 5 hrs ago | 113 | 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: 5 hrs ago | 116 | 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
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
Govt should fix public health, not meddle in private medical practice
This week, Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi announced that the government will keep a close eye on private medical practices, particularly concerning issues of pricing...Published: 18 Jul 2025 at 08:31hrs | 118 | by Staff reporter
Extra US$26m splashed on Trabablas raises stink
Finance Minister Mthuli Ncube was grilled by legislators over concerns of excessive expenditure on the Trabablas Interchange project in Harare, with questions raised about the total cost and sources o...Published: 13 Jul 2025 at 11:13hrs | 41 | by Staff reporter
ZNCC urges RBZ to cut policy rate to 20%
The Zimbabwe National Chamber of Commerce (ZNCC) has urged the Reserve Bank of Zimbabwe (RBZ) to lower its bank policy rate from the current 35% to 20% in an effort to ease growing credit constraints ...Published: 08 Jul 2025 at 12:12hrs | 214 | by Staff reporter
RBZ to launch diaspora-backed securities
The Reserve Bank of Zimbabwe (RBZ) is preparing to introduce securitised financial instruments backed by diaspora remittances, a bold move aimed at unlocking over US$1 billion in annual inflows ...Published: 04 Jul 2025 at 12:41hrs | 315 | by Staff reporter
EU Warns Zimbabwe
The European Union (EU) has issued a stark warning to Zimbabwe, urging the government to implement urgent reforms to strengthen the rule of law, combat corruption, and ensure policy predictability. Wi...Published: 03 Jul 2025 at 12:31hrs | 1066 | by Staff reporter
Zimbabwe cannot fund large-scale projects without monetary autonomy
Zimbabwe's economic debate is often framed through the lens of inflation control, exchange rate stability, and the day-to-day functionality of the US dollar in domestic transactions.Yet, benea...Published: 01 Jul 2025 at 12:05hrs | 194 | by Brighton Musonza
Zim industry leaders call for Unified Taxation System
Zimbabwe's business community has raised concerns over the country's fragmented taxation system, urging the government to adopt a unified tax framework to alleviate the heavy burden of multiple taxes ...Published: 01 Jul 2025 at 08:20hrs | 134 | by Staff reporter
Zimbabwe central bank increases ZiG liquidity to ZWG2bn
The Reserve Bank of Zimbabwe (RBZ) has raised the daily Zimbabwe Gold (ZiG) liquidity in the market from ZWG1.5 billion to ZWG2 billion in a move aimed at easing concerns over currency shortages and b...Published: 27 Jun 2025 at 18:25hrs | 1508 | by Staff reporter
Revolving fund for Gutu Central vendors launched
A new revolving fund aimed at empowering informal traders and transforming livelihoods was officially launched on Monday in Gutu Central Constituency, offering hope to many small business owners strug...Published: 26 Jun 2025 at 09:06hrs | 30 | by Staff reporter
Job losses plague Zimbabwe's retail, mining sectors
Zimbabwe is facing a deepening employment crisis, with thousands of workers losing their jobs across the retail and mining sectors, as worsening power shortages, policy inconsistencies, and a sluggish...Published: 20 Jun 2025 at 17:31hrs | 99 | 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 | 493 | by Staff reporter
Zimbabwe central bank raises ZWG$5.9 billion via treasury bills
The Reserve Bank of Zimbabwe (RBZ) has raised ZWG$5.9 billion through Treasury Bill (TB) issuances and private placements in 2024, as the government intensifies its domestic borrowing to fund operatio...Published: 12 Jun 2025 at 19:00hrs | 192 | by Staff reporter
ZiG ranked second worst performing currency
In a stark contrast of fortunes, Ghana's Cedi has emerged as the world's strongest-performing currency in 2025, gaining nearly 50% against the United States dollar, while Zimbabwe's Zimbabwe Gol...Published: 11 Jun 2025 at 11:26hrs | 1055 | by Staff reporyter
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 | 274 | by Staff reporter
Zimbabwe exporters sound alarm over tough new forex rules
Zimbabwean exporters are facing fresh turbulence following the government's move to tighten foreign currency controls - scrapping critical export incentives and enforcing tougher surrender requirement...Published: 05 Jun 2025 at 11:34hrs | 2968 | by Staff reporter
'ZWG inflation won't affect consumer purchasing power'
The Reserve Bank of Zimbabwe (RBZ) has downplayed alarm over the country's surging annual ZWG inflation, urging economic players to disregard year-on-year figures and instead focus on more reflective ...Published: 05 Jun 2025 at 10:07hrs | 77 | by Staff reporter
Global Investment Conference for Africa 2025 to take place in Harare
Harare is set to host the Global Investment Conference for Africa (GICA) 2025 from September 11 to 13, bringing together prominent business leaders and investors from across the world.Organise...Published: 31 May 2025 at 13:56hrs | 64 | by Staff reporter
RBZ blames liquidity crunch on hoarding of US dollars
The Reserve Bank of Zimbabwe (RBZ) has attributed the ongoing liquidity crunch in the economy to the hoarding of United States dollars, dismissing claims that the shortage is linked to limited supply ...Published: 26 May 2025 at 08:15hrs | 110 | by Staff reporter
Treasury launches last-ditch push to stabilise Zimbabwe economy
Zimbabwe's Treasury has embarked on a last-ditch effort to stabilise the country's fragile economy, amid growing fears that policy inconsistency, inflation, and currency volatility could derail indust...Published: 22 May 2025 at 11:33hrs | 619 | by Staff reporter
EU urges Zimbabwe firms to come up with bankable projects
The European Union (EU) ambassador to Zimbabwe, Jobst von Kirchmann, has called on local businesses to develop bankable projects to attract investment funding, as the EU recently secured over US$100 m...Published: 22 May 2025 at 09:40hrs | 97 | by Staff reporter
Zimbabwe targets 2030 to clear US$21 billion debt
Zimbabwe has set an ambitious 2030 deadline to clear its ballooning US$21 billion public debt, in a bid to create the foundations for a stable mono-currency regime anchored by the Zimbabwe Gold (ZiG) ...Published: 19 May 2025 at 09:21hrs | 133 | by Staff reporter
FBC blames tight policy for choking transaction volumes
Financial services giant FBC Bank has attributed a sharp decline in transaction volumes to the Reserve Bank of Zimbabwe's (RBZ) continued tight monetary policy, which it says has squeezed liquidity an...Published: 16 May 2025 at 09:50hrs | 72 | by Staff reporter
Zimbabwe ZWG yearly inflation hits 85%
The Confederation of Zimbabwe Industries (CZI) has raised alarm over the country's ZWG inflationary trends, which it says are not aligning with current market interventions, suggesting that Zimbabwe i...Published: 08 May 2025 at 09:57hrs | 305 | by Staff reporter
Duty free access into EU for Zimbabwe exports
The European Union (EU) has reaffirmed its commitment to boosting foreign direct investment (FDI) and offering duty-free access to European markets for Zimbabwean products, EU Ambassador to Zimbabwe, ...Published: 25 Apr 2025 at 07:29hrs | 141 | by Staff reporter
Bulawayo ranks second in GDP contribution
Bulawayo Metropolitan Province has cemented its position as Zimbabwe's second-largest contributor to the national gross domestic product (GDP), following closely behind Harare. This development was re...Published: 22 Apr 2025 at 07:37hrs | 1373 | by Staff reporter
Zimbabwe to get share of US$300m Afreximbank dividend
The Zimbabwean government is set to receive a significant payout from Afreximbank's recently declared US$300 million dividend, following the bank's exceptional financial performance in the year ending...Published: 16 Apr 2025 at 23:22hrs | 145 | by Staff reporter
Zimbabwe's ZiG currency risks extinction stoked by policy choices
Zimbabwe's ZiG is heading toward failure, not through rapid devaluation, but through growing irrelevance, according to Imara Asset Management, the country's oldest independent brokerage.Unlike...Published: 16 Apr 2025 at 22:45hrs | 85 | by Staff reporter
Banks smile all the way to the bank, while depositors bear cost of high fees
Shareholders in Zimbabwe's banking sector are enjoying robust returns on their investments, as banks continue to post strong profits and declare sizeable dividends. However, concerns are mounting amon...Published: 13 Apr 2025 at 09:46hrs | 638 | by Staff reporter
Hoarding cash undermines Zimbabwe economy
Stashing cash in safe deposit boxes, a practice often used to secure valuables, is adversely affecting the smooth functioning of the economy by diverting funds away from productive sectors, according ...Published: 13 Apr 2025 at 09:38hrs | 174 | by Staff reporter
US dollar suffocates the ZiG
A liquidity crunch in Zimbabwe is deepening the economy's embrace of the US dollar and undermining the bullion-backed currency introduced by the government almost a year ago.The ZiG, short for...Published: 06 Apr 2025 at 11:38hrs | 3604 | by Staff reporter
CCC councillors demand US$4,000 vehicle loan
BULAWAYO City Councillors have controversially resolved to receive US$4,000 each in personal loan facilities for the purchase of vehicles - a move that defies a Government directive and comes at a tim...Published: 06 Apr 2025 at 11:28hrs | 699 | by Staff reporter
Zimbabwean banks face backlash over excessive charges
Zimbabwe's banking sector is celebrating strong financial results, with shareholders across financial institutions enjoying substantial dividend payouts following another profitable year. However, the...Published: 06 Apr 2025 at 11:26hrs | 384 | by Staff reporter
Mystery over council's vanished US$4,5m loan deepens
A forensic audit has revealed that Harare City Council's US$4.5 million loan to Harare Quarry Private Limited was advanced without a formal agreement, raising concerns over governance and financial mi...Published: 03 Apr 2025 at 08:16hrs | 285 | by Staff reporter
Zimbabwe central bank rubbishes reports on cash deposit box seizures
The Reserve Bank of Zimbabwe (RBZ) has dismissed claims that it is targeting businesses and individuals holding cash in deposit boxes, following an article published in The Herald on April 2, 2025. Th...Published: 02 Apr 2025 at 18:53hrs | 2432 | by Staff reporter
RBZ to swoop on currency hoarders
The Reserve Bank of Zimbabwe (RBZ) is set to crack down on businesses and individuals hoarding money in cash deposit boxes at banks, homes, and business premises. Authorities are concerned that such p...Published: 02 Apr 2025 at 08:47hrs | 574 | by Staff reporter
Nkosinathi Ncube led ZINARA scoops top award for revenue collection
The restructuring of the Zimbabwe National Road Administration (ZINARA) has proven to be a game-changer, as the institution's Board Chairperson and Chief Executive Officer (CEO) won top honors in the ...Published: 27 Mar 2025 at 06:07hrs | 131 | by Staff reporter
Zimbabwe takes delivery of 700 tractors, 80 combine harvesters
Zimbabwe has significantly boosted its farming capabilities by acquiring 800 units of state-of-the-art farm equipment from Belarus, including over 700 tractors, a move that promises to revolutionise t...Published: 23 Mar 2025 at 08:11hrs | 516 | 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
POSB starts selling Belarus tractors
People's Own Savings Bank (POSB), one of the financial institutions selected by the Government to facilitate the resale of Belarus tractors to Zimbabwean farmers, has announced that the equipment is n...Published: 14 Mar 2025 at 17:28hrs | 979 | by Staff reporter
Critical evaluation of the South Africa's 2025 Budget effect on the property market
The 2025 Budget presents a multifaceted impact on South Africa's property market, balancing fiscal stability, infrastructure development, and housing affordability with rising taxation, debt-servicing...Published: 14 Mar 2025 at 06:43hrs | 78 | by Dr Bekithemba Mpofu
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
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 | 432 | by Staff reporter
Zimbabwe vendors required to use POS machines
The Government has introduced a directive requiring all vendors to use Point of Sale (POS) machines and open bank accounts as part of their registration process. This initiative, implemented in collab...Published: 13 Feb 2025 at 06:30hrs | 753 | by Staff reporter
Mnangagwa's Cabinet resolves to corner vendors
As Zimbabwe's economy continues to spiral downward, the government has introduced a series of controversial measures aimed at taxing the struggling informal sector and vendors to boost state revenue. ...Published: 12 Feb 2025 at 11:21hrs | 1253 | 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 | 6352 | by Staff reporter
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