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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: 15 hrs ago | 224 | by Staff reporter
Zimbabwe in massive maize, wheat imports
Zimbabwe has imported 1.3 million metric tonnes of maize and wheat through the private sector to alleviate ongoing shortages caused by poor land utilisation, lack of funding, inadequate farming capaci...Published: 18 hrs ago | 131 | by Staff reporter
Zimbabwe govt makes electronic money usage compulsory for businesses
The Zimbabwean Cabinet has approved the compulsory use of electronic money by all businesses in a bid to formalize the country's largely informal economy and enhance fiscal revenue collection. The mov...Published: 23 hrs ago | 616 | by Staff reporter
Zimbabwe's 2024 foreign currency receipts top US$13bn
Zimbabwe's foreign currency inflows grew by 21 percent in 2024, reaching US$13.3 billion compared to US$11 billion in 2023, driven primarily by an increase in export proceeds, according to the Reserve...Published: 23 hrs ago | 157 | by Staff reporter
Zimra raids smuggling points along Limpopo, destroys boats
The Zimbabwe Revenue Authority (Zimra), in a groundbreaking drone-led operation, raided several smuggling points along the Limpopo River on Tuesday, confiscating and destroying boats used to illegally...Published: 11 Feb 2025 at 16:27hrs | 944 | by Staff reporter
South Africa hikes toll fees
The South African National Roads Agency (Sanral) has announced an increase in toll tariffs across the country's major routes, effective from 1 March 2025. The toll fees will rise by 4.84%, marking a s...Published: 11 Feb 2025 at 12:27hrs | 831 | by Staff reporter
South Africans kiss Pick n Pay stores goodbye
South Africa's Pick n Pay retailer is facing mounting challenges as it continues to shut down both company-owned and franchise stores across the country, with many South Africans bidding farewell to t...Published: 11 Feb 2025 at 10:05hrs | 5862 | by Staff reporter
Concerns over RBZ's reduction of forex retention for horticulture exporters
The Horticultural Development Council (HDC) has expressed concerns about the Reserve Bank of Zimbabwe's (RBZ) recent decision to lower the foreign currency retention threshold for exporters from 75% t...Published: 10 Feb 2025 at 09:41hrs | 223 | 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 | 155 | 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 | 6149 | by Staff reporter
Mukuru advocates for cashless economy
The logistics of handling cash in Zimbabwe present significant obstacles, but Doug Tait-Knight, the Chief Executive Officer of Mukuru Zimbabwe Financial Services, believes that embracing digital payme...Published: 09 Feb 2025 at 11:30hrs | 1416 | by Staff reporter
BCC resolves to permanently close 5th Ave market
Bulawayo City Council has resolved to permanently close the 5th Avenue vegetable trading market, citing the need to enhance urban planning, improve safety, and support sustainable business growth. The...Published: 09 Feb 2025 at 11:24hrs | 2321 | by Staff reporter
Mnangagwa's govt fails to honour promises
Traders who lost goods worth over US$20 million in a devastating fire at Mbare Musika last October are expressing frustration over the government's failure to fulfill its promises of interest-free loa...Published: 08 Feb 2025 at 12:53hrs | 878 | 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 | 571 | 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 | 3907 | 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 | 181 | by Staff reporter
Zimbabwe's Econet Wireless suffers major data breach
Econet Wireless Zimbabwe, the nation's largest mobile network operator, has fallen victim to a significant data breach, potentially exposing personal information of 852,791 customers. The incident, un...Published: 07 Feb 2025 at 20:12hrs | 7079 | 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
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 | 1180 | 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 | 357 | 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 | 160 | by Staff reporter
Bard Santner growing in leaps and bounds
Fast-growing asset management firm Bard Santner Investors (Private) Limited has been appointed as the new fund manager for three unit trusts: Tetrad Gold Fund, Gross Income Fund, and Net Income Fund, ...Published: 06 Feb 2025 at 14:39hrs | 141 | by Staff reporter
Shunned by the West, Zimbabwe's UAE gamble hands economy a lifeline
Zimbabwean President Emmerson Mnangagwa's six years of wooing the United Arab Emirates has given a lifeline to a nation that the West has ostracised for a quarter century and is unable to repay its lo...Published: 06 Feb 2025 at 09:12hrs | 1279 | by Staff reporter
Zimbabwe's retail sector faces crisis
Zimbabwe's retail sector is in crisis, with more than 1,000 jobs lost so far this year due to an escalating economic downturn, as several key players signal their intention to exit the market. Regiona...Published: 06 Feb 2025 at 09:11hrs | 1434 | by Staff reporter
Will SA become the next Zimbabwe with Expropriation Act?
The signing of the Expropriation Act into law has been one of the most topical subjects of 2025 so far, with the recently elected US President Donald Trump taking aim at the law on Monday, sending the...Published: 06 Feb 2025 at 09:08hrs | 750 | by Staff reporter
Modern homes for old Gwanda Road displaced families
The reconstruction of the 120km Old Gwanda Road in Matabeleland South has begun, bringing significant benefits to the region while also necessitating the relocation of 42 families. The project, valued...Published: 06 Feb 2025 at 07:35hrs | 365 | by Staff reporter
Zimbabwe's seed certification scheme to be reviewed
Zimbabwe's agriculture sector is set for a significant overhaul as stakeholders organize a write shop aimed at realigning and updating the country's Seed Certification Scheme. This initiative, part of...Published: 05 Feb 2025 at 13:55hrs | 159 | by Staff reporter
Mnangagwa returns with battered image?
President Emmerson Mnangagwa has officially returned to active duty after his annual leave, but his comeback is marred by intense political and economic turbulence. While Mnangagwa was on leave, Vice ...Published: 05 Feb 2025 at 12:11hrs | 1615 | by Staff reporter
Zimbabwe's Manhize steel plant hits key milestone
The US$1.5 billion Manhize Steel Plant, located in the Midlands province, has officially commenced the production of reinforced steel bars (rebars), marking a significant milestone in Zimbabwe's indus...Published: 05 Feb 2025 at 11:48hrs | 816 | by Staff reporter
Bosso lands loan signing of Malvern Hativagoni
Highlanders FC has secured a major boost for the upcoming 2025 season with the signing of 23-year-old defender Malvern Hativagoni on a season-long loan from Bulawayo Chiefs.Hativagoni's arriva...Published: 05 Feb 2025 at 11:47hrs | 87 | 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 | 347 | by Staff reporter
Elon Musk piles pressure on Ramaphosa
Barely a day after US President Donald Trump threatened to cut funding to South Africa because of the country's new land expropriation laws, one of his biggest backers - Elon Musk - piled the pressure...Published: 05 Feb 2025 at 10:27hrs | 648 | by Staff reporter
Arenel's Zibusiso joins Chiefs
Bulawayo Chiefs have made a significant move in the transfer market by securing the signature of Zibusiso Dambo, the captain of Arenel, in a bid to strengthen their midfield ahead of the new season. D...Published: 04 Feb 2025 at 16:53hrs | 353 | by Staff reporter
ZACC goes after Prophet Magaya over fake UNISA qualifications
The Zimbabwe Anti-Corruption Commission (ZACC) has launched a fraud investigation into prominent cleric Walter Magaya after the University of South Africa (UNISA) confirmed that the diploma he present...Published: 04 Feb 2025 at 16:09hrs | 318 | by Staff reporter
Bogus cops jailed 30 years
Three armed robbers who were terrorising bar patrons and families while pretending to be police detectives in Mvurwi have been sentenced to 30 years behind bars by regional magistrate Shingirai Mutiro...Published: 02 Feb 2025 at 13:38hrs | 1376 | by Simbarashe Sithole
The futility of Zimbabwe's crackdown on the informal sector
The Zimbabwean government has once again embarked on a futile mission to regulate the informal sector, a behemoth that has long outgrown the state's capacity to control it.In a desperate bid t...Published: 01 Feb 2025 at 21:32hrs | 1000 | by Tendai Ruben Mbofana
Mnangagwa's govt accused of Intellectual Property theft
Zimbabwe's government is embroiled in a heated dispute with Time Bank after the financial institution accused authorities of infringing on its intellectual property rights. The bank claims that govern...Published: 01 Feb 2025 at 14:03hrs | 1990 | 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 | 1975 | by Staff reporter
Zimbabwe tightens noose on informal sector
The government has announced stringent measures aimed at protecting the formal sector from what it describes as unfair competition posed by informal traders.In a statement released on Friday f...Published: 01 Feb 2025 at 08:56hrs | 623 | by Staff reporter
Tuckshops challenge Zimbabwe's retail giants
A quiet but dramatic shift is unfolding in Zimbabwe's retail sector as large supermarket chains struggle against the rise of informal tuckshops. Established brands such as OK Zimbabwe, Spar, and Chopp...Published: 31 Jan 2025 at 07:31hrs | 547 | by Staff reporter
Varun Beverages brings PepsiCo snacks to Zimbabwe
Varun Beverages Limited will start distributing PepsiCo snacks in Zimbabwe and Zambia from next week, with plans to begin local manufacturing when its production plant comes online in October this yea...Published: 31 Jan 2025 at 07:26hrs | 365 | by Staff reporter
Dr. Tungwarara's call for repression is a betrayal of Zimbabwe's struggle
I was left utterly speechless when I stumbled upon a news report in The Herald, the state-controlled daily newspaper.In it, Dr. Paul Tungwarara, the Special Presidential Investment Advisor to ...Published: 30 Jan 2025 at 22:29hrs | 675 | by Tendai Ruben Mbofana
Emerging markets opening up away from the UK as regulations continue to hit the casino industry
When an entertainment avenue enjoys such a meteoric rise into the limelight, it can be easy to be swept along with the success of it. For the iGaming industry, the past years have proved extremely fru...Published: 30 Jan 2025 at 21:21hrs | 14 | by Staff reporter
Potraz warns of severe disruptions to Telecom Services amid power shortages
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has issued a stark warning about severe disruptions to the telecommunications sector in Zimbabwe, with worsening power short...Published: 30 Jan 2025 at 07:00hrs | 202 | by Staff reporter
Lincoln Mutasa admits fault in former players' election defeats
Outgoing ZIFA Normalization Committee chairperson Lincoln Mutasa has admitted that the body he led is partly to blame for the disappointing defeat of all former players in the recent ZIFA elections. S...Published: 29 Jan 2025 at 08:51hrs | 713 | by Staff reporter
Zimbabwe economy implodes
Analysts and opposition political parties have raised alarm over a surge in job losses as companies downsize or shut down due to the prevailing tough economic environment in Zimbabwe. The formal retai...Published: 29 Jan 2025 at 08:49hrs | 1325 | by Staff reporter
Prophet Magaya's UNISA diploma under spotlight
Controversial preacher and businessman Walter Magaya's claim of going through tertiary education is being questioned after it emerged he may have forged a University of South Africa (UNISA) diploma wh...Published: 28 Jan 2025 at 21:53hrs | 875 | by Staff reporter
Zim to host 21st UN Tourism meeting
Zimbabwe is set to host the United Nations Tourism 21st Committee on Tourism and Sustainability meeting in September 2025, a decision underscoring the country's commitment to sustainable tourism devel...Published: 28 Jan 2025 at 10:26hrs | 359 | by Gideon Madzikatidze/Simbarashe Sithole
ZIMRA warned against intensified anti-smuggling campaign
Experts in the retail sector have called for caution in the government's ongoing anti-smuggling campaign, warning that its current trajectory may lead to sharp increases in the prices of basic commodi...Published: 28 Jan 2025 at 07:07hrs | 1445 | by Staff reporter
Harare retail outlets resemble deserted ruins after war on smuggling
Retail outlets across Harare are increasingly resembling deserted ruins, offering a stark reflection of Zimbabwe's worsening economic conditions. As the country grapples with ongoing economic shocks, ...Published: 28 Jan 2025 at 07:06hrs | 1077 | by Staff reporter
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