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RBZ's to unlock over US$1 billion in remittances

In a bold move to revive Zimbabwe's struggling economy, the Reserve Bank of Zimbabwe (RBZ) has announced a plan to securitize diaspora remittances, aiming to transform predictable inflows into investable financial instruments. Unveiled in …

Published: 10 Aug 2025 at 18:36hrs | | by Staff reporter

Diaspora remittances into Zimbabwe rise to US$635.2m

Diaspora remittances into Zimbabwe grew by 7.1% in the first half of 2025, reaching US$635.2 million compared to US$593.2 million during the same period last year, according to Finance Minister Mthuli Ncube's Mid-term Budget Review present…

Published: 01 Aug 2025 at 10:08hrs | 143 | by Staff reporter

Zimbabwe to benefit from surge in remittances

Zimbabwe stands to gain significantly from a projected surge in remittance inflows into Africa, with the African Development Bank (AfDB) forecasting that the continent will receive US$100 billion in remittances this year, a figure expected…

Published: 30 May 2025 at 08:58hrs | 134 | by Staff reporter

Zimbabweans abroad sent home US$1,9 billion in 9 months

Zimbabweans living abroad sent a record-breaking US$1.9 billion back home in the first nine months of 2024, marking a significant 16.5% increase from the US$1.6 billion remitted in the same period last year. The impressive figure highlight…

Published: 29 Nov 2024 at 07:17hrs | 383 | by Staff reporter

Remittances and FDI: Harmonizing Zimbabwe's economic strategies for sustainable growth

Zimbabwe's economy stands at a critical juncture, grappling with deep-seated challenges such as systemic unemployment, volatile currency fluctuations, and an uncertain business climate. Within this precarious landscape, remittances from th…

Published: 18 May 2024 at 15:27hrs | 26 | by Dr Bekithemba Mpofu

Remittances anchor Zimbabwean economy

THE World Bank recently released global diaspora remittance statistics, which show that expatriates from low and middle-income countries sent over US$647 billion to their home countries in 2022.This increase is remarkable, given the fact t…

Published: 07 Jul 2023 at 07:52hrs | 16 | by Victor Bhoroma

Diaspora remittances up 48% in 10 months, says RBZ

DIASPORA remittances increased by 48 percent to reach US$760 million in the 10 months to October 2020 compared to the same period last year, according to the Reserve Bank of Zimbabwe (RBZ).The apex attributes this to the switch to formal c…

Published: 30 Nov 2020 at 19:02hrs | | by Staff reporter

Diaspora remittances to Zimbabwe decline

Diaspora remittances have fallen some 100 percent to $900 million this year despite an increase in registered money transfer agencies. Finance and Economic Development Minister Patrick Chinamasa said Zanu-PF's 6th National Congress that he…

Published: 15 Dec 2014 at 06:10hrs | 1 | by Staff reporter

Cross-border telephone remittances increase in Africa

More people in Africa's poorest countries have mobile phones than have bank accounts. That reality is spurring mobile service companies to explore how they can capture a share of the potential banking market by enabling migrants from these…

Published: 24 Jan 2012 at 13:28hrs | 1 | by Anna McGovern

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