Search / Stability
RBZ defends exchange rate system
Reserve Bank of Zimbabwe (RBZ) Deputy Governor Dr Innocent Matshe has dismissed claims that the central bank is manipulating the foreign exchange market, insisting that the willing-buyer willing-selle...Published: 4 hrs ago | 285 | by Staff reporter
Cash dependency threatens Zimbabwe's digital economy goals
Banking experts have warned that Zimbabwe's heavy reliance on cash is undermining the country's push towards a digital economy, despite widespread mobile penetration and modern payment infrastructure....Published: 4 hrs ago | 37 | by Staff reporter
Zimbabwe sets 2030 deadline for mono-currency regime
The Reserve Bank of Zimbabwe (RBZ) has announced that the country is on course to adopt a mono-currency system by 2030, with the Zimbabwe Gold (ZiG) set to become the sole legal tender for all domesti...Published: 5 hrs ago | 85 | by Staff reporter
Sekai Holland praises Chiwenga
Zimbabweans were offered insight into the military and nation-building achievements of Vice President Retired General Constantino Chiwenga during testimony by Hon. Sekai Holland at the 2019 Nation Bui...Published: 03 Sep 2025 at 09:25hrs | 574 | by Staff reporter
OK Zimbabwe unveils turnaround plan
OK Zimbabwe has launched a sweeping turnaround strategy aimed at rescuing the country's largest supermarket chain from financial distress. Returning chief executive Willard Zireva described the compan...Published: 02 Sep 2025 at 07:07hrs | 1066 | by Staff reporter
Zimbabwe's digital transactions surge to ZiG89bn
Zimbabwe has seen a sharp rise in digital payments, with the value of retail transactions jumping 35 percent in the second quarter of 2025, according to the Reserve Bank of Zimbabwe (RBZ). The total v...Published: 02 Sep 2025 at 07:05hrs | 243 | by Staff reporter
Is Southern Africa a hub for organised crime?
A new report by the Global Initiative Against Transnational Organised Crime has ranked Southern Africa as one of the world's most significant hubs for illicit trade.The study highlights the re...Published: 02 Sep 2025 at 06:38hrs | 118 | by Staff reporter
Zimbabwe central bank launches ZiG Confidence survey
THE Reserve Bank of Zimbabwe (RBZ) has embarked on a fresh nationwide survey to assess confidence in the Zimbabwe Gold (ZiG) currency, more than a year after it was introduced as the country's sole le...Published: 02 Sep 2025 at 05:53hrs | 125 | by Staff reporter
VP Mohadi's Mozambique visit deepens bilateral ties
Vice President Kembo Mohadi's recent visit to Mozambique is set to reinforce the longstanding diplomatic and historical ties between Zimbabwe and its eastern neighbour.Arriving in Maputo on Su...Published: 01 Sep 2025 at 15:09hrs | 244 | by Staff Reporter
Zimbabwe GDP jumps 7%
Zimbabwe's economy registered strong growth in the second quarter of 2025, with gross domestic product (GDP) rising 7,01 percent compared to the previous quarter, according to figures released by the ...Published: 31 Aug 2025 at 21:27hrs | 324 | by Staff reporter
Zimbabwe firms brace for dollar exit
The Confederation of Zimbabwe Industries (CZI) has urged the government to back its de-dollarisation strategy with binding legal instruments, warning that without a formal framework, business confiden...Published: 31 Aug 2025 at 21:15hrs | 572 | by Staff reporter
RBZ's façade of progress and stability is short-sighted and unsustainable
The fairy tales and false assurances continue unabated.The announcement by the Reserve Bank of Zimbabwe (RBZ) that foreign currency and gold reserves backing the Zimbabwe Gold (ZiG) currency h...Published: 31 Aug 2025 at 20:46hrs | 131 | by Tendai Ruben Mbofana
Zimbabwe trade deficit drops 94.5% in July
Zimbabwe's external trade position saw a remarkable turnaround in July 2025, with the nation's goods trade deficit plunging by 94.5 percent to just US$8.7 million, according to the Zimbabwe National S...Published: 31 Aug 2025 at 09:19hrs | 56 | by Staff reporter
Nees Names Warriors squad for World Cup qualifiers
Warriors head coach Michael Nees has unveiled his squad for the upcoming FIFA World Cup Qualifiers against Benin and Rwanda, with a blend of experience and fresh faces set to represent Zimbabwe....Published: 28 Aug 2025 at 22:42hrs | 269 | by Staff reporter
Business leaders demand crisis talks with Mnangagwa
Zimbabwe's business leaders are pressing for an urgent meeting with President Emmerson Mnangagwa, warning that unresolved economic challenges require his direct intervention as ministries and regulato...Published: 28 Aug 2025 at 06:55hrs | 1061 | by Staff reporter
Govt to absorb 22,000 Community Health Workers into civil service
Zimbabwe will integrate 22,000 Community Health Workers (CHWs) into the civil service by the end of the year as part of efforts to strengthen primary health care amid dwindling donor support, Health a...Published: 28 Aug 2025 at 06:54hrs | 645 | by Staff reporter
Inflation slowdown boosts confidence in ZiG stability
Zimbabwe recorded a marked slowdown in price growth in August, strengthening government claims that currency reforms are beginning to stabilise the economy, despite year-on-year inflation remaining hi...Published: 28 Aug 2025 at 06:54hrs | 263 | by Staff reporter
We must be careful in interpreting DNA paternity results to avoid unnecessary alarm
When statistics are not handled with care, they can cause more harm than good and even pose real danger.The recent report released by Global DNA Zimbabwe has understandably ignited heated deba...Published: 27 Aug 2025 at 21:52hrs | 367 | by Tendai Ruben Mbofana
Zimbabwe records historic milk production milestone
Zimbabwe's dairy industry achieved a historic milestone in July, producing a record 10 million litres of milk—the highest monthly output in recent years.Figures released at the ongoing Zimba...Published: 27 Aug 2025 at 05:56hrs | 198 | by Staff reporter
RBZ begins production of redesigned ZiG banknotes
The Reserve Bank of Zimbabwe (RBZ) has commenced production of redesigned ZiG banknotes, set to enter circulation soon as part of the central bank's de-dollarisation roadmap, which targets a transitio...Published: 26 Aug 2025 at 07:55hrs | 493 | by Staff reporter
RBZ to engage mobile operators on currency parity
The Reserve Bank of Zimbabwe (RBZ) has announced plans to work with mobile network operators to ensure parity in trading between the local gold-backed Zimbabwe Gold (ZiG) currency and the US dollar un...Published: 25 Aug 2025 at 06:00hrs | 424 | by Staff reporter
RBZ guarantees US$ contracts beyond 2030
The Reserve Bank of Zimbabwe (RBZ) has reassured markets that U.S. dollar contracts will remain valid even after the government's 2030 de-dollarisation deadline, a major policy shift aimed at preventi...Published: 24 Aug 2025 at 19:19hrs | 371 | by Staff reporter
Harare suburban office rentals surge
Rental rates for office space in Harare's suburbs have jumped by 20% over the past year, as corporates accelerate their decade-long migration from the city's central business district (CBD), a new rep...Published: 23 Aug 2025 at 18:04hrs | 461 | by Staff reporter
Highlanders gamble on return of 'The Dutch Nomad'
By all accounts, Hendrik Pieter de Jongh is a man of many clubs and fleeting commitments. Nicknamed "The Dutch Nomad," the Dutchman has built a reputation for tactical flair and abrupt exits, le...Published: 23 Aug 2025 at 09:16hrs | 469 | by Staff reporter
Court orders Avenues clinic to restore radiology department
Baines Imaging Group (BIG) has won a major legal battle against The Avenues Clinic (Medical Investments Ltd) after the High Court granted a spoliation order compelling the hospital to restore the radi...Published: 22 Aug 2025 at 18:32hrs | 176 | by Staff reporter
Zimbabwe's 2008 financial crash continues to haunt regulators
More than 15 years after Zimbabwe's 2008 financial collapse, the country's financial sector is once again under scrutiny as an estate developer has taken legal action against the Reserve Bank of Zimba...Published: 22 Aug 2025 at 13:20hrs | 266 | by Staff reporter
Qatari Sheikh in Zimbabwe for landmark visit
A distinguished member of Qatar's ruling family, His Excellency Sheikh Mansour Bin Jabor Bin Jassim Al Thani, is expected to arrive in Zimbabwe today (Friday) for a high-level state visit set to deepe...Published: 22 Aug 2025 at 13:18hrs | 334 | by Staff reporter
Are Zimbabwe economic growth rates real?
Every year, the Zimbabwean government and multilateral financial institutions project that the economy will grow by huge margins, yet the current economic situation does not meaningfully change, and i...Published: 21 Aug 2025 at 13:08hrs | 291 | by Delani Mangena
RBZ restores RTGS system after technical fault
The Reserve Bank of Zimbabwe (RBZ) says it has restored the Real Time Gross Settlement (RTGS) system following a technical fault that disrupted transfers and some cross-border transactions since Tuesd...Published: 20 Aug 2025 at 18:16hrs | 329 | by Staff reporter
AfDB projects 6% economic growth for Zimbabwe
The African Development Bank (AfDB) has projected that Zimbabwe is on track to achieve a six percent economic growth rate this year, supported by stability and recovery across key productive sectors....Published: 19 Aug 2025 at 18:51hrs | 155 | by Staff reporter
RBZ to regulate AI in Zimbabwe's banks
The Reserve Bank of Zimbabwe (RBZ) is developing specific rules to regulate the use of artificial intelligence (AI) within the country's financial institutions, signaling a major step toward modernizi...Published: 19 Aug 2025 at 18:30hrs | 147 | by Staff reporter
ZWG acceptance still a challenge says Hippo Valley
Hippo Valley Estates Limited (HVEL), one of Zimbabwe's sugar producers, has raised concern over the continued rejection of the Zimbabwe Gold (ZWG) currency in the market despite relative exchange rate...Published: 19 Aug 2025 at 09:05hrs | 275 | by Staff reporter
ZiG gains traction in domestic transactions
The Zimbabwe Gold (ZiG) currency is gaining momentum in the domestic financial system, now accounting for 40 percent of electronic payment transactions, six months after a strategic push by the Reserv...Published: 19 Aug 2025 at 08:53hrs | 133 | by Staff reporter
A dangerous fantasy for Zimbabwe called NTA
The call for a National Transitional Authority (NTA) in Zimbabwe is neither new nor radical, but it is profoundly misguided and alarmingly dangerous. Every few years, a chorus of defeated opposition p...Published: 17 Aug 2025 at 11:06hrs | 187 | by Frank Talk
Mnangagwa hands over SADC chairmanship at 45th Summit
SADC Chairman, President Emmerson Mnangagwa, is expected to arrive today for the regional bloc's 45th Summit of Heads of State and Government, where he will hand over leadership to Madagascan Presiden...Published: 16 Aug 2025 at 13:15hrs | 177 | by Staff reporter
South Africa ripe for a coup
Recent developments within South Africa's military and government circles, combined with warnings from national intelligence, suggest the country may be facing a precarious period of political instabi...Published: 15 Aug 2025 at 17:25hrs | 1078 | by Staff reporter
Visionary Leadership: The Key to Unlocking Africa's Potential
Africa stands at a crossroads, rich in natural resources yet struggling to translate this wealth into sustainable development and prosperity for its people. The continent's progress is hindered by a m...Published: 15 Aug 2025 at 16:37hrs | 82 | by Tatenda Hwari
Shell companies siphon US$450m from Zimbabwe, SA
A network of 23 shell companies operating between Zimbabwe and South Africa has been implicated in laundering US$450 million through illicit financial flows (IFFs), part of an estimated US$3 billion i...Published: 15 Aug 2025 at 14:22hrs | 537 | by Staff reporter
Zimbabwe insurers urged to adapt or perish
The Insurance and Pensions Commission (Ipec) has called on Zimbabwean insurers to adapt to digital transformation while expanding into untapped sectors to boost resilience and competitiveness....Published: 15 Aug 2025 at 08:57hrs | 277 | by Staff reporter
FBC urges clear Zimbabwe de-dollarisation framework
FBC Holdings Limited has called on the Reserve Bank of Zimbabwe (RBZ) to establish a clear and credible framework for de-dollarisation to ease pressure on the country's foreign currency reserves....Published: 15 Aug 2025 at 08:55hrs | 405 | by Staff reporter
Bosso's transfer delay sparks executive sabotage claims
Highlanders Football Club's last-minute signings on deadline day have raised eyebrows, with insiders suggesting the executive deliberately stalled player acquisitions to undermine interim coaches foll...Published: 15 Aug 2025 at 08:50hrs | 255 | by Staff reporter
Zimbabwe's forex receipts jump 23%
Zimbabwe recorded a 23,1 percent surge in foreign currency receipts during the first half of 2025 compared to the same period last year, signalling growing confidence in the country's formal channels ...Published: 15 Aug 2025 at 08:33hrs | 94 | by Staff reporter
Why Zimbabweans rue plan to ditch US dollar?
Zimbabwe's plans to drop the US dollar in five years is already causing jitters in an economy that has suffered nearly two decades of currency volatility and bouts of record hyperinflation.Har...Published: 14 Aug 2025 at 10:44hrs | 1000 | by Staff reporter
Beverage makers say 35% RBZ rate hampers growth
Zimbabwe's beverage industry has raised concerns over the Reserve Bank of Zimbabwe's (RBZ) decision to maintain the bank policy rate at 35% per annum, saying the high interest rate is constraining gro...Published: 14 Aug 2025 at 10:41hrs | 132 | by Staff reporter
The rise of short-term loans in the UK
In recent years, financial flexibility has become increasingly important for individuals facing unexpected expenses or temporary cash flow challenges. One popular solution is to ...Published: 13 Aug 2025 at 23:12hrs | 598 | by Staff Reporter
How our love for violent entertainment is breeding a violent Zimbabwe
Entertainment may seem like harmless fun, but the evidence shows it can unravel the very fabric of a society.Three recent stories from Zimbabwe have pierced my heart this past few days-tragic ...Published: 13 Aug 2025 at 20:59hrs | 178 | by Tendai Ruben Mbofana
2030: Zimbabwe will be using domestic currency
THE Reserve Bank of Zimbabwe (RBZ) has announced plans for a structured transition from the current multicurrency system to a domestic monetary framework, aimed at ensuring business continuity and eco...Published: 13 Aug 2025 at 12:35hrs | 456 | by Staff reporter
Mnangagwa urges ZDF to confront emerging security threats
President Emmerson Mnangagwa has called on the Zimbabwe Defence Forces (ZDF) to broaden their operational scope beyond traditional military defence to address evolving security challenges, including c...Published: 13 Aug 2025 at 09:15hrs | 504 | by Staff reporter
Zimbabwe soldiers to get salary hike, improved welfare
President Emmerson Mnangagwa says his administration is prioritising the welfare of the Zimbabwe Defence Forces (ZDF), with measures underway to address salary structures, housing, healthcare, and tra...Published: 13 Aug 2025 at 09:14hrs | 694 | by Staff reporter
Zimbabwe banks show strong capital buffers
Most Zimbabwean banking institutions have exceeded minimum regulatory capital requirements, signalling stability, resilience, and soundness in the country's financial system, the latest Reserve Bank o...Published: 13 Aug 2025 at 09:08hrs | 211 | by Staff reporter
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