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Minister Ndlovu calls for collaboration to achieve rapid industrialisation
The Zimbabwean government is intensifying efforts to reduce the high cost of doing business and tackle the smuggling of counterfeit products, which have been negatively impacting the country's manufac...Published: 8 hrs ago | 27 | 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 | 80 | by Staff reporter
What triggered the call for the failed 31 March 'uprising' in Zimbabwe?
The old-age wisdom that facts are stubborn came alive last week after social media platforms and sections of the mainstream media went into a frenzy with sensational claims that the Parliament of Zimb...Published: 15 Apr 2025 at 18:22hrs | 2691 | by Jonathan Moyo
Zimbabwe to get fair harvest, says WFP
The United Nations World Food Programme (WFP) has forecast a favorable harvest for Zimbabwe in the 2024/25 cropping season, bringing much-needed relief to the nation as rainfall patterns show improvem...Published: 14 Apr 2025 at 09:18hrs | 285 | by Staff reporter
The reality of '9 wasted years' - A decade WMC failed to capture Zuma
For too long, South Africans have been bombarded with a dishonest narrative coined by the very architects of our economic servitude, that the period of President Jacob Zuma's administration represents...Published: 13 Apr 2025 at 14:33hrs | 742 | by Mzwanele Manyi
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 | 629 | 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 | 164 | by Staff reporter
Zimbabwe white former farmers start receiving compensation
The Government of Zimbabwe has begun compensating white former commercial farmers whose land was repossessed during the Land Reform Programme, marking a pivotal step in the country's efforts to resolv...Published: 10 Apr 2025 at 09:01hrs | 72 | 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 | 3602 | by Staff reporter
Dairibord to start toll production in SA
Dairibord Holdings is set to expand its operations in the region to drive export growth, with South Africa as the immediate destination for a planned toll manufacturing project. The initiative is expe...Published: 02 Apr 2025 at 08:48hrs | 131 | 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
Cars firebombed outside Chivayo, Tagwirei's properties
A series of deliberate firebomb attacks rocked Harare's central business district overnight, targeting commercial properties linked to influential businessmen Wicknell Chivayo and Kudakwashe Tagwirei,...Published: 28 Mar 2025 at 11:40hrs | 3570 | by Staff reporter
Zimbabwe's monthly inflation drops to 0% in March 2025
Zimbabwe's monthly inflation rate fell to 0% in March 2025, marking a significant milestone in the country's economic stabilization efforts. The decline was attributed to a sustained tight liquidity s...Published: 28 Mar 2025 at 05:40hrs | 446 | by Staff reporter
Diaspora remittances surge 7,5% in February
Diaspora remittances to Zimbabwe grew by 7.5 percent in February 2025, reaching US$165 million, up from US$153.8 million in the same month last year. The increase highlights the continued importance o...Published: 26 Mar 2025 at 06:46hrs | 103 | by Staff reporter
Zimasco placed under corporate rescue
Zimasco, one of Zimbabwe's largest ferrochrome producers, has been placed under corporate rescue following court filings by controversial businessman Shepherd Tundiya, who claims the company owes cred...Published: 17 Mar 2025 at 11:00hrs | 859 | by Staff reporter
Zimbabwe asset management landscape shifting
The asset management landscape in Zimbabwe is undergoing a significant transformation, with notable shifts in the allocation of funds under management (FUM), signaling a more cautious and strategic ap...Published: 15 Mar 2025 at 12:01hrs | 254 | by Staff reporter
Ramaphosa's ANC to increase VAT for South Africa
Finance minister Enoch Godongwana has proposed a 0.5 percentage point increase for value-added tax (VAT) in the 2025/26 financial year, followed by a further 0.5 percentage point increase in 2026/27....Published: 12 Mar 2025 at 15:11hrs | 365 | by Staff reporter
Mutare Museum displays lightning making tools
The Mutare Museum holds many captivating exhibits, but few are as mystifying as the "mheni" or "umbane" (lightning) collection. These objects, reportedly used in the summoning of lightning for retribu...Published: 08 Mar 2025 at 14:37hrs | 130 | 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 | 109 | by Staff reporter
Tagwirei linked wealth managers in OK shares buying spree
Akribos Wealth Managers, a prominent asset management firm with connections to local businessman Kuda Tagwirei, has made a major splash in the Zimbabwean stock market by purchasing a combined 16,338,2...Published: 03 Mar 2025 at 13:03hrs | 12361 | by Staff reporter
Zimbabwe central bank urges banks to increase ZiG lending
With the Zimbabwe Gold (ZiG) currency now largely stable, the Reserve Bank of Zimbabwe (RBZ) has urged banks to increase lending in ZiG, assuring financial institutions that the risk of depreciation h...Published: 01 Mar 2025 at 08:56hrs | 205 | 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 | 257 | 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
Zimbabwe isn't yet ready for a sole currency, finance chief says
Zimbabwe's Finance Minister Mthuli Ncube said the southern African nation needs to regain access to credit lines before it can adopt the ZiG as its sole currency."We need a few things in place...Published: 12 Feb 2025 at 15:00hrs | 404 | 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 | 6348 | 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 | 1183 | 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 | 164 | by Staff reporter
US$4.5 million mysteriously disappeared from Harare City Council
More than US$4.5 million has inexplicably vanished from the Harare City Council (HCC) through its subsidiary, Harare Quarry, sparking an investigation into rampant corruption within the local authorit...Published: 06 Feb 2025 at 16:04hrs | 369 | by Staff reporter
Bulawayo maid killed, body dissolved in acid
In a chilling case that has shocked the Bulawayo community, a man from Matsheumhlope suburb has appeared in court accused of aiding his friend in concealing a murder by dissolving the victim's body in...Published: 05 Feb 2025 at 15:30hrs | 2030 | by Staff reporter
Zimbabwe's retail sector crisis worsens as shops continue closing
Zimbabwe's retail sector is facing an unprecedented crisis, with several major retailers and wholesalers forced to close branches amid a series of economic challenges. This Thursday, President Emmerso...Published: 01 Feb 2025 at 08:57hrs | 2041 | by Staff reporter
ZiG scarcity has eased exchange rate depreciation
The limited availability of Zimbabwe Gold (ZWG) currency has helped ease exchange rate depreciation on the parallel market, although US dollar demand pressures have continued to push premiums higher t...Published: 16 Jan 2025 at 07:17hrs | 3103 | by Staff reporter
Zimbabwe maintains 6% economic growth target
Finance, Economic Development and Investment Minister Professor Mthuli Ncube has reaffirmed Zimbabwe's 6% economic growth projection for 2024, despite the country facing late rains this agricultural s...Published: 15 Jan 2025 at 05:48hrs | 112 | by Staff reporter
'Zimbabwe economy heads for a bloodbath'
Former Finance Minister Tendai Biti has issued a stark warning of a potential economic bloodbath if Zimbabwe does not liberalize its exchange rate and inject liquidity into the economy. His concerns c...Published: 14 Jan 2025 at 14:16hrs | 921 | by Staff reporter
Different Types of Forex Brokers
Different Types of Forex Brokers The foreign exchange market is a global, decentralized marketplace where currencies are traded. This i...Published: 09 Jan 2025 at 16:16hrs | 448 | by Staff Reporter
Zimbabwe ruling elite should declare their sources of wealth
To say I was shocked would be an understatement when I came across a report detailing the extraordinary wealth of Zimbabwe's ruling elite. The report claimed that President Emmerson Mnangagwa ...Published: 24 Dec 2024 at 12:53hrs | 796 | by Tendai Ruben Mbofana
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 | 2163 | by Staff reporter
Zinwa financial rot exposed
An external audit conducted by Grant Thornton has raised serious concerns about the financial management at the Zimbabwe National Water Authority (Zinwa), revealing significant irregularities in its r...Published: 14 Dec 2024 at 12:35hrs | 2162 | by Staff reporter
'Counterfeits, financial instability imperil manufacturing sector'
Zimbabwean consumers are grappling with increasing difficulties, including the proliferation of counterfeit goods and financial instability, as the country's manufacturing sector struggles to grow. Pa...Published: 13 Dec 2024 at 09:39hrs | 49 | 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
Businessman removed from remand
Kadoma businessman Believe Guta, who was arrested amid his challenge against former judge Webster Chinamhora's controversial judgments, has been removed from remand after a court ruling that the evide...Published: 08 Dec 2024 at 09:58hrs | 278 | by Staff reporter
Zimbabwe fuel retailers urged to renew licences
The Zimbabwe Energy Regulatory Authority (ZERA) has issued a reminder to businesses selling fuel and liquid petroleum gas to ensure their licences are renewed on time, emphasizing that those with lice...Published: 06 Dec 2024 at 06:29hrs | 245 | by Staff reporter
Zimbabwe's Banking Sector and No Arrests Years Down the Line
United Merchant Bank (UMB) - Closed in 1998 due to insider loans and mismanagement.Universal Merchant Bank (UMB) - Closed in 2003 struggled with negative perceptions after UMB's collapse....Published: 05 Dec 2024 at 20:15hrs | 305 | by Engineer Jacob Kudzayi Mutisi
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 | 494 | by Staff reporter
Zimbabwe's banking sector and no arrests years down the line
United Merchant Bank (UMB) - Closed in 1998 due to insider loans and mismanagement.Universal Merchant Bank (UMB) - Closed in 2003 struggled with negative perceptions after UMB's collapse....Published: 05 Dec 2024 at 09:07hrs | 614 | by Eng. Jacob Kudzayi Mutisi
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 | 457 | by Staff reporter
Zimbabwe's central bank claims success in stabilising rate and inflation
The Reserve Bank of Zimbabwe (RBZ) has announced significant progress in stabilising the country's exchange rate and inflation following a series of monetary policy interventions, including a cumulati...Published: 04 Dec 2024 at 14:23hrs | 294 | by Staff reporter
Environmental crisis looms at Vumbachikwe... amid concern over management's non compliance
ENVIRONMENTAL crisis is reportedly looming at Vumbachikwe mine in Gwanda after the management set up an allegedly substandard elution processing facilities wrapped around by a sail above ground surfac...Published: 02 Dec 2024 at 15:58hrs | 452 | by Stephen Jakes
Girl dies from scald wounds following home accident with grandmother
A tragic accident in Matiashe Village, Chimanimani, has claimed the life of a 6-year-old girl who sustained severe scalds after accidentally colliding with her grandmother, who was carrying a bucket o...Published: 02 Dec 2024 at 07:28hrs | 646 | 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
ZiG monthly inflation seen staying below 3%
Zimbabwe's gold-backed currency (ZiG) is expected to maintain stable inflation levels, with average month-on-month inflation forecast to remain below 3% in 2025. This projection is underpinned by stri...Published: 29 Nov 2024 at 06:53hrs | 79 | by Staff reporter
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