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Cereal imports ban looms in Zimbabwe
The Ministry of Lands, Agriculture, Fisheries, Water and Rural Development has recommended a ban on cereal imports in a move aimed at boosting the local grain market and strengthening Zimbabwe's food ...Published: 19 May 2025 at 09:18hrs | 302 | by Staff reporter
Botswana gets $304 million AfDB loan
The African Development Bank (AfDB) has approved a $304 million loan to Botswana as the country grapples with rising fiscal pressures and seeks to implement crucial governance and economic reforms. Th...Published: 16 May 2025 at 17:29hrs | 441 | by Staff reporter
Zimbabwe to get first dollar-listed REIT as property heats up
Zimbabwe is set to get its first dollar-denominated real estate investment trust listing on Friday, as demand for property stocks grows.Eagle REIT is seeking to raise $62 million from the list...Published: 15 May 2025 at 09:58hrs | 766 | by Staff reporter
Mthuli Ncube hikes fuel levy
The Government of Zimbabwe has increased the Strategic Fuel Reserve Levy on petrol and diesel as part of a broader effort to safeguard national fuel supplies and price stability amid rising global mar...Published: 14 May 2025 at 08:33hrs | 1207 | by Staff reporter
Zimbabwe ZWG yearly inflation hits 85%
The Confederation of Zimbabwe Industries (CZI) has raised alarm over the country's ZWG inflationary trends, which it says are not aligning with current market interventions, suggesting that Zimbabwe i...Published: 08 May 2025 at 09:57hrs | 300 | by Staff reporter
Zimbabwe adapts to use technology in agriculture
Zimbabwe is rapidly transforming its agricultural sector through the adoption of agritech and climate-smart solutions as it works to combat the effects of climate change, improve yields, and reclaim i...Published: 06 May 2025 at 08:40hrs | 164 | by Staff reporter
Who Owns the Future When the Youth Are Just Campaign Props?
Every election season in Zimbabwe brings with it a familiar theatre: politicians parading youth like trophies, cladding them in party regalia, praising their energy, and promising them a future that n...Published: 05 May 2025 at 23:21hrs | 169 | by Kumbirai Thierry Nhamo
RBZ's market-determined exchange rate spurs ZiG stability
The Reserve Bank of Zimbabwe (RBZ)'s adoption of a market-determined exchange rate system has ushered in a new era of stability and confidence in the Zimbabwe Gold (ZiG) currency, with the recent remo...Published: 04 May 2025 at 09:15hrs | 809 | by Staff reporter
Ndebele King claimant's visit to Coltart shocks, angers Zimbabwe govt
A recent meeting between Ndebele King claimant Bulelani Khumalo, a descendant of the late King Lobengula, and Bulawayo Mayor David Coltart has sparked outrage from the Zimbabwean government. The Local...Published: 29 Apr 2025 at 07:15hrs | 1978 | by Staff reporter
Zimbabwe's maize production to fall short by 10-15%
Zimbabwe's maize production for the 2024/25 agricultural season is expected to fall short of the country's national requirements by 10% to 15% due to prolonged dry spells and erratic rainfall, accordi...Published: 24 Apr 2025 at 07:32hrs | 278 | by Staff reporter
Zimbabwe power utility warns over 'bush' electricians
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has issued a stern warning to the public about the dangers of hiring unqualified electricians to carry out electrical work, follo...Published: 21 Apr 2025 at 09:06hrs | 847 | by Staff reporter
Zimbabwe's mineral revenues decline despite volume surge
Zimbabwe's mining sector delivered a mixed performance in the first quarter of 2025, with mineral export volumes registering notable growth, but overall revenues falling sharply. This is according to ...Published: 17 Apr 2025 at 07:34hrs | 177 | by Staff reporter
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 | 633 | by Staff reporter
Zimbabwe fast-tracking ZiG banknotes rollout
The Reserve Bank of Zimbabwe (RBZ) is accelerating efforts to deliver new Zimbabwe Gold (ZiG) banknotes, with Governor Dr John Mushayavanhu assuring the public that the rollout will happen "in the sho...Published: 06 Apr 2025 at 11:28hrs | 1067 | by Staff reporter
ZETDC introduces dodgy mandatory $25 electrical inspections fee
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has announced a mandatory US$25 fee for inspections and re-inspections of electrical installations across the country. This measu...Published: 29 Mar 2025 at 08:28hrs | 895 | 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 | 411 | 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 | 1079 | by Staff reporter
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
Mnangagwa reaffirms commitment to National Unity on Unity Day
President Emmerson Mnangagwa has pledged to uphold strategies that strengthen national unity and social cohesion as cornerstones for Zimbabwe's economic transformation.In his Unity Day message...Published: 22 Dec 2024 at 10:36hrs | 86 | by Staff reporter
The impact of duty-free incentives in the 2025 national budget
The 2025 National Budget is a forward-thinking approach to economic recovery and national development, introducing strategic duty-free incentives aimed at empowering local industries, stimulating econ...Published: 17 Dec 2024 at 20:12hrs | 1061 | by Innocent Mujeri
'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
Zanu-PF threatens regional sovereignty, says MRP
The clamour for democratic transformation across southern Africa signals the region's desire to rid itself of a "cancerous growth" undermining electoral integrity and national sovereignty, according t...Published: 04 Dec 2024 at 06:46hrs | 187 | by Staff reporter
Climate finance and mismanagement in Zimbabwe: Bridging the gap between promises and accountability
As the world grapples with the escalating climate crisis, financial commitments to support developing nations in climate change mitigation and adaptation have taken center stage in international negot...Published: 24 Nov 2024 at 17:40hrs | 253 | by Tendai Ruben Mbofana
Zimbabwe's economy to grow 6% in 2025
Zimbabwe's economy is projected to expand by six percent in 2025, bolstered by favorable rainfall conditions that are expected to boost agricultural productivity, Finance, Economic Development, and In...Published: 07 Nov 2024 at 07:00hrs | 360 | by Staff reporter
Selling fuel in Zimbabwe's local currency will stabilising the ZiG
In a pivotal announcement, Zimbabwe's Finance Minister Mthuli Ncube declared that all taxes and fees should now be paid in the Zimbabwe Gold (ZiG) currency. This move is part of a broader strategy to ...Published: 17 Oct 2024 at 16:44hrs | 3254 | by Engineer Jacob Kudzayi Mutisi
Selling Fuel in Zimbabwe's Local Currency will Stabilising the ZiG
In a pivotal announcement, Zimbabwe's Finance Minister Mthuli Ncube declared that all taxes and fees should now be paid in the Zimbabwe Gold (ZiG) currency. This move is part of a broader strategy to ...Published: 17 Oct 2024 at 12:32hrs | 6195 | by Engineer Jacob Kudzayi Mutisi
US$4.4 million Ecobank heist shocks Zimbabwe
In what is believed to be the largest bank heist in Zimbabwean history, seven armed robbers made off with a staggering US$4.4 million in cash from Ecobank's Bulawayo branch at the Parkade Centre on Th...Published: 05 Oct 2024 at 11:30hrs | 2150 | by Staff reporter
Exposing economic saboteurs threatening Zimbabwe's future
THE introduction of the Zimbabwe Gold Currency (ZiG) symbolised a shift toward economic sovereignty, self-reliance and stability. Yet, instead of celebrating this monumental effort, some individuals w...Published: 02 Oct 2024 at 07:49hrs | 250 | by Innocent Mujeri
Mnangagwa takes SADC's begging bowl to UN General Assembly
President Emmerson Mnangagwa has taken the urgent plea for assistance from the Southern African Development Community (SADC) to the United Nations General Assembly (UNGA), seeking support to combat th...Published: 27 Sep 2024 at 08:30hrs | 303 | by Staff reporter
Mwonzora slams Zanu-PF's obsession with ED2030
Movement for Democratic Change (MDC) leader Douglas Mwonzora has criticized the ruling Zanu-PF party for prioritizing President Emmerson Mnangagwa's extended rule over addressing the severe challenges...Published: 14 Sep 2024 at 12:30hrs | 422 | by Staff reporter
Mnangagwa's US$3bn begging bowl still 'empty'
Zimbabwe faces a severe challenge in mobilizing sufficient resources to meet its $3 billion humanitarian assistance target aimed at addressing the needs of millions of food-insecure citizens. The coun...Published: 12 Sep 2024 at 10:56hrs | 3738 | by Staff reporter
Zimbabwe govt intervenes to end dual pricing
The government is closely monitoring businesses that are manipulating the exchange rate by using black market rates instead of the official ZiG currency rate. This practice undermines the ZiG, which i...Published: 05 Sep 2024 at 17:07hrs | 6041 | by Staff reporter
Revolt at MTN over CEO's 'female favourite'
An ugly battle is brewing at MTN over the direction Africa's biggest mobile network operator is taking under group CEO Ralph Mupita, with executives threatening to quit en masse over his leadership st...Published: 01 Sep 2024 at 11:58hrs | 4665 | by Staff reporter
Zimbabwe to build two new generators at Hwange
The Zimbabwean Government has commenced preparatory work on developing two new units at Hwange Power Station to enhance the nation's base load capacity. This follows the commissioning of Hwange Units ...Published: 30 Jul 2024 at 07:22hrs | 494 | by Staff reporter
Zimbabwe should ditch the toxic US dollar
Zimbabwe's economy has been intertwined with the US dollar for over a decade, a relationship that began as a pragmatic response to hyperinflation and economic collapse in the late 2000s. The adoption ...Published: 12 Jul 2024 at 09:46hrs | 57 | by Staff writer
Zambia to criminalise the use of US$ in local economy
Zambia's central bank published plans to criminalize the use of foreign currency in the local economy amid the biggest rally in the kwacha in four months.The southern African nation has faced ...Published: 01 Jul 2024 at 08:46hrs | 39 | by Staff reporter
EU avails €3m for urban communities in southern Africa
The European Union (EU) has allocated €3 million to the World Food Programme (WFP) to assist vulnerable urban communities in southern Africa, focusing on Lesotho, Mozambique, Zimbabwe, and Madagasca...Published: 20 Jun 2024 at 07:33hrs | 3 | by Staff reporter
Fidelity Gold Refinery gold supply zero-rating policy shows promise
The zero-rating of gold deliveries to Fidelity Gold Refinery (FGR) has started bearing fruits as the local currency, the Zimbabwe Gold (ZiG) continues to strengthen while gold miners have been allevia...Published: 18 Jun 2024 at 17:17hrs | 77 | by Tonderai Ndoro
South African elections 2024: Reflections from Zimbabwe
ON March 4, 1980, a palpable excitement and belief that prosperity, freedom and opportunity were upon the masses filled a soon-to-be-born Zimbabwe. The war was over. The nation was pregnant with hope....Published: 05 Jun 2024 at 13:03hrs | 6 | by Fadzayi Mahere
ZiG slows price increases in Zimbabwe
The Famine Early Warning Systems Network (FewsNet) reports that despite the introduction of the Zimbabwe Gold (ZiG) currency, which has brought some stability, prices in United States dollars (USD) re...Published: 03 Jun 2024 at 08:29hrs | 1 | by Staff reporter
9 million Zimbabweans food-insecure
The number of individuals requiring food assistance continues to escalate, with the government reporting that around nine million people are food insecure and in need of aid until March 2025. ...Published: 28 May 2024 at 09:56hrs | | by Staff reporter
Mnangagwa shocks Zimbabwe's ICT ministry
President Emmerson Mnangagwa's announcement approving Starlink's licensing to provide internet services in Zimbabwe surprised the Information Communication Technology, Postal and Courier Services (ICT...Published: 27 May 2024 at 10:02hrs | 18 | 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 pr...Published: 18 May 2024 at 15:27hrs | 20 | by Dr Bekithemba Mpofu
China pledges food aid to Zimbabwe
ZIMBABWE is among Southern African states earmarked to benefit from the Chinese government's food aid support to countries that are facing food shortages due to the El Nino induced drought.The...Published: 16 Apr 2024 at 07:50hrs | 2 | by Staff reporter
Annual independent external audit for RBZ reserves
Independent external auditors shall audit Reserve Bank of Zimbabwe (RBZ) precious minerals and foreign currency reserves backing the country's new currency, Zimbabwe Gold (ZiG), once a year as part of...Published: 11 Apr 2024 at 08:32hrs | 19 | by Staff reporter
ZiG is putting lipstick on a pig, says Biti
The Reserve Bank of Zimbabwe (RBZ) on Friday introduced a new currency to be known as the ZiG, which stands for Zimbabwe Gold.RBZ governor John Mushayavanhu said the ZiG would be structured an...Published: 07 Apr 2024 at 10:31hrs | 25 | by Staff reporter
RBZ scraps bank charges for low-cost accounts
IN a move meant to encourage a culture of banking, the Reserve Bank of Zimbabwe (RBZ) has announced the scrapping of bank charges for low-cost accounts.Presenting his first Monetary Policy Sta...Published: 07 Apr 2024 at 10:06hrs | 1 | by Staff reporter
Strategic Analysis of Zimbabwe's Monetary Policy and Its Implications on the Real Estate Sector
Introduction The Reserve Bank of Zimbabwe unveiled a new monetary policy aimed at stabilizing the country's currency and economy. The policy focuses on ...Published: 07 Apr 2024 at 09:17hrs | 10 | by Dr Bekithemba Mpofu
Anti-Zimbabwe economist says ZiG is old wine in new bottles
Prominent Zimbabwean economist and financial analyst Professor Gift Mugano says the new local currency launched today - unimaginatively named Zimbabwe Gold (ZiG) amid noisy claims by government offici...Published: 06 Apr 2024 at 13:20hrs | | by Staff reporter
'New ZiG currency is a short term gimmick,' says some economist
An economic expert has criticized the recently launched Zimbabwe Gold (ZiG) currency, asserting that it lacks substance to effectively revitalize the economy, warning that the nation has once again re...Published: 06 Apr 2024 at 08:13hrs | 9 | by Staff reporter
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