Search / Lending
Why Zimbabweans rue plan to ditch US dollar?
Zimbabwe's plans to drop the US dollar in five years is already causing jitters in an economy that has suffered nearly two decades of currency volatility and bouts of record hyperinflation.Har...Published: 22 mins ago | 5 | by Staff reporter
The rise of short-term loans in the UK
In recent years, financial flexibility has become increasingly important for individuals facing unexpected expenses or temporary cash flow challenges. One popular solution is to ...Published: 12 hrs ago | 361 | by Staff Reporter
Zimbabwe banks show strong capital buffers
Most Zimbabwean banking institutions have exceeded minimum regulatory capital requirements, signalling stability, resilience, and soundness in the country's financial system, the latest Reserve Bank o...Published: 13 Aug 2025 at 09:08hrs | 191 | by Staff reporter
Tombstone unveiling sparks debate
The Heroes and Defence Forces Day holidays have once again reignited debate over how Zimbabweans commemorate the dead, with growing concern over the blending of Christian tombstone unveiling ceremonie...Published: 12 Aug 2025 at 08:37hrs | 841 | by Staff reporter
Mt Darwin's multimillion dollar tourist resort takes shape
Land developer MCM Estates has broken ground on a massive 100-hectare multi-million-dollar tourism development project in the scenic Chesa area of Mt Darwin, a venture expected to transform the Mashon...Published: 10 Aug 2025 at 19:27hrs | 433 | by Staff reporter
Zera reviews ZiG fuel prices downwards
The Zimbabwe Energy Regulatory Authority (ZERA) has announced a downward revision of fuel prices in local currency, effective from August 8 until September 4, 2025. The move follows the authority's ro...Published: 10 Aug 2025 at 19:20hrs | 350 | by Staff reporter
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: 08 Aug 2025 at 09:03hrs | 426 | 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: 08 Aug 2025 at 08:59hrs | 158 | by Staff reporter
Zimbabwe banking sector profits drop
Zimbabwe's banking sector has reported a steep drop in earnings for the first half of 2025, with aggregate profits plunging to ZiG5,0 billion (US$184,07 million) from ZiG10,4 billion (US$760,37 millio...Published: 08 Aug 2025 at 08:30hrs | 135 | by Staff reporter
Zimbabwe sees sharp rise in credit registry inquiries
Zimbabwe recorded a marked increase in credit registry inquiries between September 2024 and March 2025, with the most dramatic spike occurring in February this year, according to the Mid-Term Budget R...Published: 06 Aug 2025 at 09:15hrs | 380 | 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
Mthuli Ncube declares surplus despite only 35% of budget spent
Finance and Economic Development Minister Mthuli Ncube on Thursday declared a budget surplus of ZWG3.3 billion for the first half of 2025, despite revealing that just 35.5% of the approved National Bu...Published: 31 Jul 2025 at 15:46hrs | 266 | by Staff reporter
Johanne Masowe ropes in health workers
In a remarkable shift blending faith with health consciousness, Johanne Masowe eChishanu members are leading the way in integrating medical support into their spiritual gatherings. During a recent thr...Published: 28 Jul 2025 at 13:24hrs | 215 | by Staff reporter
IMF sees signs of recovery in Zimbabwe
Zimbabwe is showing early signs of economic recovery and macroeconomic stabilization, buoyed by recent policy reforms and improved fiscal management, according to the International Monetary Fund (IMF)...Published: 24 Jul 2025 at 16:53hrs | 820 | by Staff reporter
Mashmar College Joins Forces with Veteran Artiste to Drive Environmental Action
Veteran gospel musician and passionate environmental advocate Pax Gomo has once again proven that music and culture can inspire change - this time partnering with Mashmar College to host an electrifyi...Published: 22 Jul 2025 at 17:01hrs | 53 | by Dickson Bandera
Zambia signs $1.1 billion deal with Chinese firm
Zambia has signed a US$1.1 billion Memorandum of Understanding (MoU) with China's Fujian Xiang Xin Corporation for the development of a crude oil refinery and energy complex in Ndola, in a move expect...Published: 22 Jul 2025 at 10:45hrs | 509 | 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
ZERA Announces New Fuel Prices Effective 9 July 2025
The Zimbabwe Energy Regulatory Authority (ZERA) has released the new petroleum prices for July 2025, which came into effect on Wednesday, 9 July. The updated prices apply until 4 August 2025 and refle...Published: 10 Jul 2025 at 13:57hrs | 1015 | by Staff Reporter
Zimbabwe's foreign currency reserves surge
Zimbabwe's foreign currency reserves have maintained strong momentum, with the Reserve Bank of Zimbabwe (RBZ) reporting that, by the end of June 2025, the reserve holdings were more than three times h...Published: 10 Jul 2025 at 08:56hrs | 130 | by Staff reporter
Zimbabwean consumers failing to secure loans from banks
Zimbabwean consumers are facing increasing difficulties in accessing loans from traditional banking institutions due to low wages and the escalating cost of living, according to the IH Zimbabwe Consum...Published: 08 Jul 2025 at 12:10hrs | 201 | 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
Mnangagwa's son releases third album featuring Jah Prayzah
Zimbabwean producer and musician Emmerson Mnangagwa Junior, known professionally as St Emmo, has released his much-anticipated third studio album titled The Producer's Album 2, marking a major milesto...Published: 28 Jun 2025 at 15:09hrs | 1517 | 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 | 1511 | 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
Tagwirei emerges as political dark horse in Zanu-PF succession storm
Business mogul Kudakwashe Tagwirei, long known for his powerful behind-the-scenes role in Zimbabwe's political economy, has stepped firmly into the national spotlight with signs increasingly pointing ...Published: 11 Jun 2025 at 11:27hrs | 1745 | 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
IMF kicks off crucial talks in Zimbabwe
A high-level delegation from the International Monetary Fund (IMF) has begun formal meetings with Zimbabwean authorities, launching a critical mission to assess the country's reform trajectory under t...Published: 05 Jun 2025 at 11:33hrs | 603 | by Staff reporter
Zimbabwe records strong forex surplus
Zimbabwe has experienced sustained foreign currency inflows that not only meet its external payment obligations but have generated a substantial surplus averaging US$400 million per month over the 14-...Published: 01 Jun 2025 at 14:35hrs | 163 | by Staff reporter
Cash-hoarding cripples Zimbabwe banking sector
Zimbabwe's banking sector is under immense strain due to a severe liquidity crisis, with billions of dollars being hoarded outside the formal financial system by wealthy individuals. This alarming dev...Published: 29 May 2025 at 13:18hrs | 734 | by Staff reporter
Zimbabwe missing out on mega EU loans - loans have to be paid back
Zimbabwe is missing out on crucial loans from Europe's largest financial institutions, including the European Investment Bank (EIB), due to its unsustainable debt burden, the European Union's ambassad...Published: 26 May 2025 at 08:16hrs | 53 | 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
Armed robbers strike Luveve Sports Bar
What started as a typical night out quickly turned into a harrowing ordeal at a local sports bar in Luveve on the evening of May 14, when armed robbers terrorised patrons and staff.Around 10 P...Published: 20 May 2025 at 10:04hrs | 645 | by Staff reporter
US$43 million Victoria Falls project takes shape
ZIMRE Holdings Limited (ZHL), through its Eagle Real Estate Investment Trust (REIT), has commenced construction of the much-anticipated US$43 million Eagle Heights Mixed-Use Development in Victoria Fa...Published: 20 May 2025 at 09:45hrs | 203 | by Staff reporter
NMBZ finalises US$70m external credit lines
Zimbabwe Stock Exchange-listed financial services group NMBZ Holdings is on the verge of securing external lines of credit worth over US$70 million, as part of its broader strategy to unlock US$100 mi...Published: 19 May 2025 at 09:19hrs | 88 | by Staff reporter
Garwe under fire for alleged land grab benefiting Mnangagwa ally
Local Government Minister Daniel Garwe is once again embroiled in a controversial land seizure scandal, this time accused of stripping residential stands from nearly 100 former Members of Parliament (...Published: 19 May 2025 at 09:15hrs | 312 | 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 pavilion captivates global audience at Expo 2025 Osaka
Zimbabwe's participation at Expo 2025 Osaka is drawing global attention, with its vibrant and innovative pavilion standing out in the Commons B zone, a shared space that features 26 countries from Afr...Published: 13 May 2025 at 10:05hrs | 85 | by Staff reporter
Zimbabweans rush into property
Zimbabweans are snapping up properties as a safe-haven against currency uncertainty and the frequent economic policy U-turns that have scared off investors, at a time when a popular hedge - the countr...Published: 11 May 2025 at 16:38hrs | 1690 | 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
Everton Mlalazi returns to Bulawayo
Renowned gospel singer Everton Mlalazi is set to make an emotional return to his hometown of Bulawayo with the launch of the inaugural Ekhaya Worship Festival, scheduled for Africa Day, May 25. The fr...Published: 01 May 2025 at 08:38hrs | 186 | by Staff reporter
EU scraps duty on Zimbabwe exports
In a landmark development for Zimbabwe's trade ambitions, European Union Ambassador to Zimbabwe, Jobst Von Kirchmann, announced that Zimbabwean companies can now export any product to the EU duty-free...Published: 28 Apr 2025 at 12:12hrs | 319 | 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
Zimbabwe unveils fund to support value chains
The Government of Zimbabwe has launched the Industrial Development Fund (IDF) to support the strengthening of domestic value chains, promote industrial growth, and increase the export of value-added g...Published: 24 Apr 2025 at 07:20hrs | 69 | by Staff reporter
CABS renews US$40m facility to support the Zimbabwe economy
The Central Africa Building Society (CABS), a member of Old Mutual Zimbabwe, has reaffirmed its commitment to driving economic development and social impact across Zimbabwe, following the release of i...Published: 21 Apr 2025 at 09:03hrs | 275 | 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 | 175 | by Staff reporter
Awa Khiwe: Breaking barriers and reclaiming Ndebele Hip-hop identity
Awa Khiwe, born Awakhiwe Sibanda in Nkayi, Zimbabwe, has rapidly become one of the most influential female rappers in the country. Her rise in the music industry is not just a story of raw talent and ...Published: 12 Apr 2025 at 13:02hrs | 87 | by Staff reporter
New Smart Market brings convenience to Mbare Musika traders
Harare's iconic Mbare Musika has undergone a major transformation with the opening of a state-of-the-art Smart Market, a modern trading facility designed to improve hygiene, security, and convenience ...Published: 09 Apr 2025 at 12:17hrs | 754 | by Ndou Paul
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
Wutawunashe calls for prayers for Geza
The founder and leader of the Family of God Church (FOG), Bishop Andrew Wutawunashe, has urged his church members to pray for outspoken war veteran Blessed Runesu 'Bombshell' Geza, amid rising tension...Published: 31 Mar 2025 at 09:13hrs | 1012 | by Staff reporter
Load More Stories
