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Hwange residents oppose Chinese mining venture
Residents of Hwange have raised concerns over an application filed by the Chinese company, Sunny Yi Feng (Private) Limited, for an exclusive prospecting order in the district, which they claim could h...Published: 4 hrs ago | 134 | 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: 5 hrs ago | 104 | by Gideon Madzikatidze/Simbarashe Sithole recently in Chiredzi
RBZ dismisses fake news of POSB sale
The Governor of the Reserve Bank of Zimbabwe (RBZ), John Mushayavanhu, has dismissed claims that the People's Own Savings Bank (POSB) is up for sale. This follows reports suggesting that the state-own...Published: 6 hrs ago | 61 | by Staff reporter
Zimbabwe govt moves to directly procure fuel
The Zimbabwean government intends to directly procure fuel for its own use and key economic sectors to lower costs and enhance competitiveness, Energy and Power Development Minister July Moyo has anno...Published: 6 hrs ago | 377 | by Staff reporter
Mnangagwa's govt to maintain police roadblocks
The Zimbabwean government has reaffirmed its commitment to maintaining police roadblocks across the country as part of efforts to preserve peace, promote road safety, and curb lawlessness.Home...Published: 20 Feb 2025 at 18:30hrs | 369 | by Staff reporter
NSSA chairman embroiled in underhand Rainbow Tourism Group takeover bid
NATIONAL Social Security Authority (Nssa) chairman Emmanuel Fundira, who is former chairman of African Sun Limited, and an ex-Rainbow Tourism Group (RTG) senior executive Paula January are accused of ...Published: 18 Feb 2025 at 20:01hrs | 1328 | by NewsHawks
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 | 249 | by Staff reporter
Mphoko's son moves to block Choppies sale to Raji Modi
Siqokoqela Mphoko, son of the late former Vice President Phelekezela Mphoko, has filed an urgent chamber application seeking to prevent the sale of Choppies Zimbabwe to Bulawayo businessman and Deputy...Published: 16 Feb 2025 at 16:42hrs | 1919 | by Staff reporter
Bank manager grilled in Gono fraud case
The trial of a Harare couple accused of fraudulently altering the directorship of Valley Lodges, a property linked to former Reserve Bank of Zimbabwe (RBZ) Governor Gideon Gono, continued on Friday, w...Published: 16 Feb 2025 at 07:47hrs | 833 | 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 | 393 | by Staff reporter
Tshabangu survives ouster in CCC power struggle
Citizens Coalition for Change (CCC) self-imposed interim secretary-general, Sengezo Tshabangu, has survived suspension and dismissal despite facing allegations of bringing the opposition party into di...Published: 15 Feb 2025 at 07:51hrs | 1749 | by Staff reporter
Johane Masowe's remains to be exhumed
The High Court has issued a declaratory order affirming the inalienable rights of Peter Jack Masedza's children to exhume and rebury their father's remains, 50 years after his passing.Masedza,...Published: 15 Feb 2025 at 07:48hrs | 592 | by Staff reporter
The push for Mnangagwa's term extension is a threat to national unity and development
In recent years, President Emmerson Mnangagwa has repeatedly called for unity among Zimbabweans. On paper, this is a noble and constructive appeal. A united nation, working collectivel...Published: 14 Feb 2025 at 12:09hrs | 549 | by Tendai Ruben Mbofana
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
Farmers in Matabeleland optimistic after rains
Farmers across Matabeleland are optimistic about a promising 2024/25 farming season following consistent rains that have rejuvenated crops, with the Government projecting a bumper harvest of 3.2 milli...Published: 14 Feb 2025 at 06:07hrs | 377 | by Staff reporter
Mnangagwa leaves for AU Summit
President Emmerson Mnangagwa, in his capacity as the Southern African Development Community (SADC) chairperson, has departed for Addis Ababa, Ethiopia, to attend the 38th Ordinary Session of the Afric...Published: 13 Feb 2025 at 14:07hrs | 700 | by Staff reporter
Zimbabwe's gold reserves dwarfed by regional counterparts
Zimbabwe's gold reserves stood at 85,842.38 ounces (2.67 tonnes) as of December 31, 2024, valued at $223.8 million, according to an audit by BDO. The figures, based on international market prices, ref...Published: 13 Feb 2025 at 12:21hrs | 402 | 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 | 391 | 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 | 1243 | by Staff reporter
Zimbabwe's gold coins sell for record $3,000 as bullion surges
Zimbabwe's gold coins sold above $3 000 for the first time since they were introduced almost three years ago as the price of bullion surged.The 22-carat "Mosi-Oa-Tunya" gold coins, named after...Published: 12 Feb 2025 at 06:39hrs | 733 | 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 | 202 | by Staff reporter
Zuma cracks down on Duduzile
South African opposition MK leader Jacob Zuma has intervened in the public feud between his daughter, Duduzile Zuma, and party secretary-general Floyd Shivambu, demanding that she retract her insults ...Published: 11 Feb 2025 at 08:12hrs | 1185 | by Staff reporter
'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 | 130 | 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 | 1944 | 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 | 228 | 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 | 171 | 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 | 6316 | by Staff reporter
Chivayo offers to dig Bosso out of their financial hole
Business mogul and philanthropist Wicknell Chivayo has stepped in to assist troubled Premier Soccer League (PSL) side Highlanders Football Club, offering to pay the club's outstanding $27,000 debt and...Published: 09 Feb 2025 at 12:48hrs | 1710 | by Staff reporter
Bosso hit with FIFA transfer ban
Bulawayo giants Highlanders Football Club have become the latest Premier Soccer League side to face FIFA sanctions, as the club has been slapped with a transfer ban for failing to settle outstanding s...Published: 09 Feb 2025 at 11:25hrs | 149 | by Staff reporter
Mahiya claims that majority is clear on #ED2030
Zanu-PF War Veterans League Secretary Douglas Mahiya has firmly stated that a majority of Zimbabweans, including war veterans, support President Emmerson Mnangagwa's leadership until 2030. Addressing ...Published: 09 Feb 2025 at 11:22hrs | 182 | 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 | 579 | 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 | 3920 | 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 | 182 | 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
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 | 257 | by Staff reporter
Tinaye Chigudu declared national hero
President Emmerson Mnangagwa has paid tribute to veteran liberation fighter and former Manicaland Governor, Tinaye Elisha Nzirasha Chigudu, describing him as a "principled cadre" whose unwavering comm...Published: 07 Feb 2025 at 17:22hrs | 625 | 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 | 391 | 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 | 163 | 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 | 1307 | by Staff reporter
Mnangagwa touches off storm over US deportations
President Emmerson Mnangagwa has caused a stir after publicly backing United States President Donald Trump's decision to deport over 500 undocumented Zimbabweans, as part of the Trump administration's...Published: 06 Feb 2025 at 08:19hrs | 705 | by Staff reporter
Sotsha Moyo: A humble legend and Cultural Ambassador of Zimbabwe
Sotsha Moyo, the leader of the legendary music group Black Umfolosi, exemplifies the rare combination of humility and remarkable talent. Though he may blend into the bustling streets of Zimbabwe, his ...Published: 06 Feb 2025 at 07:25hrs | 97 | 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 | 1625 | by Staff reporter
Bulawayo City Council maintains water shedding
Bulawayo City Council (BCC) has announced that the city's water-shedding regime will remain in place, despite recent heavy rains and the recommissioning of uMzingwane Dam. The move comes as the counci...Published: 05 Feb 2025 at 12:01hrs | 170 | 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 | 350 | by Staff reporter
Legal battle over Gono linked company continues in Harare court
A Harare couple, Aisha and Clark Clever Makoni, is embroiled in a legal dispute over allegations of fraudulently altering the directorship of Valley Lodges, a company reportedly linked to former Reser...Published: 04 Feb 2025 at 16:47hrs | 110 | 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
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 | 2004 | 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
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