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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 | 2375 | 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 | 559 | by Staff reporter
Midlands State University pushing to promote a Shona-centric education system
The advert for Midlands State University's (MSU) ECD Foundation Certificate has raised several concerns about the quality of education being offered, the qualifications of the instructors, and the bro...Published: 29 Mar 2025 at 08:32hrs | 8856 | by Staff reporter
Zapu decries deteriorating public health system in Bulawayo
The Zimbabwe African People's Union (ZAPU) has raised concern over the worsening state of public healthcare in Bulawayo and other parts of the country, citing chronic shortages of medicines, equipment...Published: 28 Mar 2025 at 05:45hrs | 171 | by Staff reporter
BCC to train firefighters in Matebeleland region
The government has tasked the Bulawayo Fire Brigade with training firefighters in the southern region of the country, with the program set to cover rural district councils (RDCs) including Matobo, Hwa...Published: 26 Mar 2025 at 06:52hrs | 681 | 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 | 102 | by Staff reporter
Will Geza demonstrations take place in Berlin-Brandenburg Gate or Harare?
I am deeply suspicious about the elaborate preparations regarding demonstrations on the 31st of March. Complete demo details from A to Zee are now in the public domain. I get a brain spasm when I thin...Published: 23 Mar 2025 at 19:56hrs | 1433 | by Nomazulu Thata
Zimbabwe lines up seven sponsors to clear arrears
Zimbabwe is actively negotiating with seven potential sponsors, including individual countries, multilateral financial institutions, and private financiers, to secure the necessary funding, guarantees...Published: 23 Mar 2025 at 08:13hrs | 989 | by Staff reporter
Hindu Society refurbishes Belvedere clinic
The Hindu Society in Zimbabwe has committed and spent close to US$40,000 in the refurbishment of Belvedere clinic, with Harare Mayor, Councillor Jacob Mafume commenting on the gesture as a genuine and...Published: 20 Mar 2025 at 18:13hrs | 364 | by Gideon Madzikatidze
Historic environmental crime fines payment with trees
Last week, two Gauteng Province, South Africa-based companies paid for the environmental crimes that they committed by supplying thousands of trees and shrubs (in-kind-payment) to the Gauteng De...Published: 10 Mar 2025 at 13:34hrs | 377 | by Emmanuel Koro
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 | 297 | by Staff reporter
Zimbabwe govt rolls out POS machines to formalise informal businesses
The Zimbabwean government has commenced a nationwide programme to integrate unregistered businesses into the formal economy by distributing point-of-sale (POS) machines, which are now a prerequisite f...Published: 09 Mar 2025 at 13:08hrs | 194 | by Staff reporter
Zimbabwe could clear arrears with bold reforms
Zimbabwe could clear its arrears and rework $21 billion in debt that's kept it locked out of international capital markets for more than a quarter of a century if it implements fiscal reforms, the Wor...Published: 27 Feb 2025 at 11:05hrs | 356 | by Staff reporter
Zimbabwe inflation in major downtrend
Zimbabwe's inflation rate experienced a notable downturn in February, decreasing by 10 percentage points to 0.5 percent, signaling progress toward long-term economic stability and price predictability...Published: 27 Feb 2025 at 11:02hrs | 220 | by Staff reporter
Zimbabwe among Africa's fastest-growing economies in 2025
Zimbabwe is expected to be one of Africa's fastest-growing economies this year, with the African Development Bank (AfDB) forecasting a 5.3 percent growth rate.This strong projection is slightl...Published: 26 Feb 2025 at 07:42hrs | 375 | by Staff reporter
Chiredzi SMEs complement Vision 2030, empower less privileged
Over a thousand members drawn from Chiredzi rural and urban districts operating micro, small to medium enterprises are complementing government efforts to attain upper-middle income economic status by...Published: 22 Feb 2025 at 11:07hrs | 753 | by Gideon Madzikatidze/Simbarashe Sithole recently in Chiredzi
Great Zimbabwe Hydro-Power, Lake Mutirikwi ready for NDS-2
MASVINGO - The Great Zimbabwe Hydro-power plant at Lake Mutirikwi and other prominent sites are ready to continue transforming several communities within ...Published: 21 Feb 2025 at 13:12hrs | 6645 | by Gideon Madzikatidze/Simbarashe Sithole recently in Mutirikwi
OK Zimbabwe begins restocking after weeks of empty shelves
Troubled retailer OK Zimbabwe has announced that it has started restocking its outlets following weeks of empty shelves and temporary closures due to macroeconomic challenges, particularly exchange ra...Published: 17 Feb 2025 at 12:37hrs | 1672 | 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 debt unsustainably high
The International Monetary Fund (IMF) has warned that Zimbabwe's debt and external arrears remain unsustainably high, forcing the country to rely on its own resources to fund economic activities....Published: 16 Feb 2025 at 07:42hrs | 406 | 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 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 | 496 | by Staff reporter
Zambia to introduce new banknotes on March 31, 2025
The Bank of Zambia (BoZ) has announced the introduction of new banknotes and coins for the Zambian kwacha, set to launch on March 31, 2025. This marks a significant update to the nation's currency, ai...Published: 12 Feb 2025 at 19:44hrs | 1090 | 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
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 | 1248 | 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: 12 Feb 2025 at 06:35hrs | 255 | by Staff reporter
IWA rescues Zim's needy, fights period poverty
IN accordance with ethos and values of India's traditions, Indian Women Association (IWA) has this Tuesday in Harare extended an assortment of donations to six needy charitable homes including sanitar...Published: 11 Feb 2025 at 20:43hrs | 564 | by Gideon Madzikatidze/Simbarashe Sithole in Harare
'Zimbabwe banks have robust cybersecurity systems'
The Reserve Bank of Zimbabwe (RBZ) has prioritized cybersecurity and artificial intelligence (AI) as critical pillars for the financial sector's growth and stability, according to its 2025 Monetary Po...Published: 11 Feb 2025 at 06:38hrs | 132 | by Staff reporter
RBZ intervenes in data pricing discrimination against ZiG
The Reserve Bank of Zimbabwe (RBZ) has moved to address concerns over discriminatory pricing by mobile network operators and internet service providers, particularly regarding their preference for tra...Published: 10 Feb 2025 at 15:28hrs | 1949 | 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 | 180 | 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 | 6343 | 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 | 582 | 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 | 183 | 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 | 916 | by Staff reporter
Central bank to improve design and quality of Zimbabwe Gold banknotes
The Reserve Bank of Zimbabwe (RBZ) is set to enhance the quality and design of Zimbabwe Gold (ZiG) banknotes to align with international standards, addressing public concerns over their durability and...Published: 07 Feb 2025 at 17:43hrs | 258 | 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 | 1181 | 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 | 392 | 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
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 | 351 | by Staff reporter
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 | 2006 | 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 | 641 | 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 | 1346 | 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 | 1078 | by Staff reporter
Zimbabwe's tax plan has informal traders tangled up
Mediline Sibanda opened her hairdressing business 13 years ago in Bulawayo's bustling central business district where she operates alongside other vendors and traders that are part of the country's th...Published: 20 Jan 2025 at 10:28hrs | 2084 | by Staff reporter
Buy Zimbabwe raises concerns over retail sector challenges
Buy Zimbabwe has raised concerns about the challenges facing the retail sector, stating that these obstacles are hindering efforts to promote locally-produced goods.Over the past few weeks, ma...Published: 20 Jan 2025 at 10:17hrs | 83 | by Staff reporter
Zimbabwe's high economic growth rate actually shows a struggling economy
The government of Zimbabwe has consistently paraded the positive economic growth rate experienced over the past few years as a sign of a robust and thriving economy. To bolster its narrative, ...Published: 19 Jan 2025 at 12:23hrs | 436 | by Tendai Ruben Mbofana
Zimbabwe gold reserves rise to $533 million
Zimbabwe's reserves backing the Zimbabwe Gold (ZiG) currency, including foreign currency and gold, have surged to US$533 million following a directive by President Emmerson Mnangagwa requiring 50% of ...Published: 12 Jan 2025 at 11:55hrs | 142 | by Staff reporter
RBZ unveils another 'looting scheme'
The Reserve Bank of Zimbabwe (RBZ) has introduced the Targeted Finance Facility (TFF) with an aim to provide affordable credit to key productive sectors such as agriculture, manufacturing, and mining....Published: 11 Jan 2025 at 08:20hrs | 1178 | by Staff reporter
ZANU-PF feverish defence of Chinese looting proves Zimbabwe now a colony!
A few days ago, renowned economist and former member of the Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee, Eddie Cross, made some interesting revelations. He claimed that there are ...Published: 09 Jan 2025 at 16:20hrs | 1339 | by Tendai Ruben Mbofana
CCC, Zanu-PF MPs pass Mthuli Ncube's budget
The 2025 National Budget, designed to drive economic growth, enhance social protection, and build resilience, was passed by Parliament last Thursday after intensive debate that stretched into the earl...Published: 23 Dec 2024 at 05:41hrs | 278 | by Staff reporter
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