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Mthuli Ncube declares surplus despite only 35% of budget spent
Finance and Economic Development Minister Mthuli Ncube on Thursday declared a budget surplus of ZWG3.3 billion for the first half of 2025, despite revealing that just 35.5% of the approved National Bu...Published: 31 Jul 2025 at 15:46hrs | 263 | by Staff reporter
RBZ reveals strategy towards shift to mono-currency
Zimbabwe's central bank is stepping up efforts to build up foreign currency reserves in preparation for a planned transition to a mono-currency regime by 2030, Reserve Bank of Zimbabwe (RBZ) Governor ...Published: 25 Jul 2025 at 18:01hrs | 766 | by Staff reporter
Meikles's debt to suppliers raises fresh concerns
Meikles Limited's trade payables more than doubled to ZiG925,78 million in its financial year ended February 28, 2025, sparking fears of deepening debt pressures within Zimbabwe's formal retail sector...Published: 21 Jul 2025 at 12:34hrs | 469 | by Staff reporter
RBZ exposes massive money laundering
The Reserve Bank of Zimbabwe (RBZ) has unearthed large-scale illicit financial flows (IFFs) in the country's real estate and motor vehicle dealership sectors, revealing industrial-scale money launderi...Published: 18 Jul 2025 at 14:40hrs | 1548 | by Staff reporter
Zimbabwe gold makes currency history
Welcome Mavingire, managing consultant at INTELLEGO Investment Consultants, has hailed the Zimbabwe Gold (ZiG) currency's recent stability as the longest sustained period for a domestic currency in th...Published: 14 Jul 2025 at 08:10hrs | 727 | by Staff reporter
Zimbabwe central bank reports drop in inflation
The Reserve Bank of Zimbabwe (RBZ) has expressed cautious optimism about the country's economic trajectory, citing encouraging signs in inflation control, exchange rate stability, and foreign currency...Published: 10 Jul 2025 at 10:11hrs | 179 | by Staff reporter
Zimbabwe's foreign currency reserves surge
Zimbabwe's foreign currency reserves have maintained strong momentum, with the Reserve Bank of Zimbabwe (RBZ) reporting that, by the end of June 2025, the reserve holdings were more than three times h...Published: 10 Jul 2025 at 08:56hrs | 129 | by Staff reporter
Zimbabwean consumers failing to secure loans from banks
Zimbabwean consumers are facing increasing difficulties in accessing loans from traditional banking institutions due to low wages and the escalating cost of living, according to the IH Zimbabwe Consum...Published: 08 Jul 2025 at 12:10hrs | 201 | by Staff reporter
Mozambican vendors invade Zimbabwe
On January 2, 2025, 18-year-old Castigo Quembo from Matazi village near Manica in Mozambique left home and crossed into Zimbabwe through an illegal entry point close to the Machipanda-Forbes Border Po...Published: 06 Jul 2025 at 12:35hrs | 2127 | by Staff reporter
Zimbabwe's GDP grows 2.9% to US$45.7 billion
Zimbabwe's economy expanded by 2.9 percent in 2024, with the Gross Domestic Product (GDP) rising to US$45.7 billion from US$44.4 billion in 2023, according to the latest figures released by the Zimbab...Published: 02 Jul 2025 at 17:46hrs | 168 | by Staff reporter
Zimbabwe cannot fund large-scale projects without monetary autonomy
Zimbabwe's economic debate is often framed through the lens of inflation control, exchange rate stability, and the day-to-day functionality of the US dollar in domestic transactions.Yet, benea...Published: 01 Jul 2025 at 12:05hrs | 194 | by Brighton Musonza
Zimbabwe's monthly inflation eases to 0.3%
Zimbabwe's month-on-month inflation rate eased to 0.3% in June 2025, shedding 0.6 percentage points from the May figure of 0.9%, according to data released by the Zimbabwe National Statistics Agency (...Published: 30 Jun 2025 at 09:03hrs | 281 | by Staff reporter
Zimbabwe's ZiG annual inflation rate surges to 92,5%
Zimbabwe's local currency, Zimbabwe Gold (ZiG or ZWG), recorded a sharp annual inflation surge of 92.5% in June 2025, up by 0.4 percentage points from May, according to the latest data released by the...Published: 28 Jun 2025 at 15:17hrs | 305 | by Staff reporter
It will take more than Mnangagwa's gold vault tour to restore public trust in the ZiG
There's a saying: trust is built over time - but can be destroyed in an instant, and once broken, confidence is not only shattered, but painfully difficult to rebuild.President Emmerson Mnanga...Published: 23 Jun 2025 at 18:56hrs | 351 | by Tendai Ruben Mbofana
Lake Kariba black market fish trade fuels illicit financial flow
A booming black market fish trade along Lake Kariba, driven by the illegal use of cheap twine nets, is undermining Zimbabwe's formal fishing economy and fuelling millions of dollars in illicit financi...Published: 22 Jun 2025 at 09:08hrs | 217 | by Staff reporter
Mushayavanhu under fire for outdated monetary assumptions
Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu is facing mounting criticism over his persistent claim that the ZiG, Zimbabwe's embattled local currency, can only be strong if it is backed b...Published: 20 Jun 2025 at 16:32hrs | 493 | by Staff reporter
Mthuli Ncube under pressure to ease tax burden
Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube is facing mounting pressure from business leaders and economists to overhaul Zimbabwe's tax regime, with demands ...Published: 19 Jun 2025 at 11:24hrs | 1281 | by Staff reporter
RBZ says there is enough ZWG supply
The Reserve Bank of Zimbabwe (RBZ) has assured the public that there are sufficient stocks of the Zimbabwe Gold (ZWG) notes in circulation to meet current demand, despite widespread complaints across ...Published: 18 Jun 2025 at 07:32hrs | 160 | by Staff reporter
GMB expands grain collection points
The Government has cautioned farmers against selling their maize and other grains to unscrupulous private buyers offering instant cash at prices far below the official rate, warning that such transact...Published: 13 Jun 2025 at 06:22hrs | 148 | by Staff reporter
IMF wants Zimbabwe's gold-backed ZiG to become sole currency
The International Monetary Fund (IMF) has expressed support for the full adoption of Zimbabwe's new currency, the Zimbabwe Gold (ZiG), as the country pushes to secure a staff-monitored program (SMP) t...Published: 11 Jun 2025 at 09:05hrs | 1157 | by Staff reporter
CBDs struggle as suburbs gain traction
Zimbabwe's property market is grappling with a complex mix of economic pressures and changing tenant preferences, according to a recent report by Knight Frank.Vacancy rates in prime urban area...Published: 10 Jun 2025 at 08:47hrs | 314 | by Staff reporter
RBZ applauds declining inflation
The Reserve Bank of Zimbabwe (RBZ) has lauded the continued decline in monthly inflation as a key indicator of growing economic stability, with both local and foreign currency-denominated prices showi...Published: 03 Jun 2025 at 09:48hrs | 87 | by Staff reporter
Refineries under threat as RBZ gulps more forex
Zimbabwe's biggest mining companies have sounded alarm bells over the potential suspension of crucial expansion projects - including refineries valued at over US$432 million - following the Reserve Ba...Published: 30 May 2025 at 12:18hrs | 653 | by Staff reporter
Steward Bank records 18% surge in US dollar deposits
Steward Bank has reported an 18% year-on-year increase in US dollar deposits, along with a boost in profitability, in a development seen as a strong vote of confidence in the bank's evolving strategy ...Published: 30 May 2025 at 12:10hrs | 90 | by Staff reporter
Zimbabwe's inflation rate shows signs of easing
Zimbabwe's weighted and US dollar monthly inflation rates eased in May 2025, with the weighted inflation dropping by 0.3 percentage points to reach 0 percent, indicating progress towards greater econo...Published: 29 May 2025 at 10:30hrs | 330 | by Staff reporter
Zimbabwe's weighted inflation rate hits 0% in May
Zimbabwe's monthly weighted average inflation rate fell to 0 percent in May 2025, marking a significant step toward economic stability and price predictability across both local and foreign currency m...Published: 29 May 2025 at 10:12hrs | 119 | by Staff reporter
Teachers petition Rights Commission over labour injustices
The Amalgamated Rural Teachers Union of Zimbabwe (ARTUZ) has filed a formal complaint with the Zimbabwe Human Rights Commission (ZHRC), accusing the government of systematically violating the rights o...Published: 26 May 2025 at 07:55hrs | 18 | by Staff reporter
US dollar weakness fuels surge in currency volatility
The dollar's descent is elevating the price of hedging currency trades around the world, breaking up a long-standing market conviction that costs tend to come down when the greenback weakens.T...Published: 19 May 2025 at 09:37hrs | 1465 | by Staff reporter
Zimbabwe govt owes Zisco pensioners US$38 million
The Ministry of Finance, Economic Development and Investment Promotion is reportedly in arrears of US$38.7 million owed to former ZiscoSteel workers, according to a damning report by Parliament's Port...Published: 15 May 2025 at 09:17hrs | 206 | by Staff reporter
AMH employees receive zero earnings after salary cuts and forced leave
Some employees at Alpha Media Holdings (AMH), one of Zimbabwe's leading private media companies, have received zero net earnings in the Zimbabwe Gold (ZiG) component of their salaries for two consecut...Published: 11 May 2025 at 19:47hrs | 1111 | by Ndou Paul
Zimbabweans rush into property
Zimbabweans are snapping up properties as a safe-haven against currency uncertainty and the frequent economic policy U-turns that have scared off investors, at a time when a popular hedge - the countr...Published: 11 May 2025 at 16:38hrs | 1690 | by Staff reporter
Tanganda wins US$47,000 tea dispute
Tanganda Tea Company has won a long-running legal battle at the High Court of Zimbabwe against trader Darlington Matsitukwa, over an unpaid foreign currency debt for tea products sold for resale in Ma...Published: 09 May 2025 at 11:04hrs | 510 | 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 | 304 | by Staff reporter
Mombeshora's propaganda in defence of a failed healthcare system is a shame
The Ministry of Health's recent statement is a masterclass in political gaslighting - a brazen attempt to sugar-coat the rot that defines Zimbabwe's healthcare system under the so-called "Second Repub...Published: 06 May 2025 at 13:53hrs | 1077 | by Wa Malikongwa
Rental income dominates First Mutual Properties revenue
First Mutual Properties (FMP) says rental income remains its primary source of revenue, with the property investment firm intensifying efforts to diversify both its tenant base and portfolio to streng...Published: 05 May 2025 at 15:56hrs | 88 | by Staff reporter
CBZ hails Zimbabwe's less volatile economy
CBZ Holdings Limited has praised Zimbabwe's improving economic environment and easing inflationary pressures, which have played a key role in the financial institution achieving a profit of ZWG537.5 m...Published: 30 Apr 2025 at 07:15hrs | 164 | by Staff reporter
ZiG monthly inflation rate up by 0,7%
Zimbabwe's new currency, Zimbabwe Gold (ZWG), recorded a slight inflation decline of 0.7% in April 2025, while the United States dollar (USD) also saw a modest depreciation of 0.2%, according to the Z...Published: 26 Apr 2025 at 10:44hrs | 526 | by Staff reporter
Poor remuneration of academic staff at state universities a national crisis
THE poor remuneration and deplorable conditions of service for academic staff at Zimbabwe's state universities, which has led to the highly publicised indefinite strike by the teaching staff at the Un...Published: 26 Apr 2025 at 10:14hrs | 740 | by Prof Jonathan Moyo
Bulawayo doctor acquitted in US$38,500 maintenance case
A prominent Bulawayo medical practitioner, Dr Nkonzo Ndebele, has been acquitted of charges related to the non-payment of US$38,500 in child maintenance. The 59-year-old doctor, from Bellevue suburb, ...Published: 23 Apr 2025 at 08:32hrs | 363 | by Staff reporter
Is Zimbabwe wooing Donald Trump by paying white farmers and ending tariffs?
Long-frozen relations between the United States and Zimbabwe may be thawing after the Southern African nation slashed all taxes on US goods flowing into the country and announced it has begun to pay c...Published: 18 Apr 2025 at 15:19hrs | 788 | by Staff reporter
Zimbabwe's ZiG currency risks extinction stoked by policy choices
Zimbabwe's ZiG is heading toward failure, not through rapid devaluation, but through growing irrelevance, according to Imara Asset Management, the country's oldest independent brokerage.Unlike...Published: 16 Apr 2025 at 22:45hrs | 85 | by Staff reporter
Zimbabwe issues dollar bonds to pay ex-farmers for land grabs
Zimbabwe issued treasury bonds worth $308 million and made small cash payments to White farmers who were dispossessed of their property 25 years ago under a state-backed land reform program.Th...Published: 12 Apr 2025 at 09:16hrs | 126 | by Staff reporter
Crisis continue to rock AMH
The financial troubled major private media company- Alpha Media Holdings in Zimbabwe is riling into continuous crisis as the management has since last mon...Published: 06 Apr 2025 at 22:48hrs | 2318 | by Staff Reporter
US dollar suffocates the ZiG
A liquidity crunch in Zimbabwe is deepening the economy's embrace of the US dollar and undermining the bullion-backed currency introduced by the government almost a year ago.The ZiG, short for...Published: 06 Apr 2025 at 11:38hrs | 3604 | by Staff reporter
Zimbabwe govt workers moonlight as street vendors
Every morning, Dumisani Ngara* gets up at dawn to catch a 6:30am bus to work at Zimbabwe's Ministry of National Housing and Social Amenities. The government-provided bus is free for civil servants in ...Published: 28 Mar 2025 at 12:41hrs | 1127 | by Staff reporter
Elderly Bulawayo couple sentenced for exploiting bank glitch
An elderly couple from Bulawayo, who took advantage of a technical glitch at Stanbic Bank Zimbabwe to embezzle over US$30,000, has been sentenced to seven years in prison.Frank Sibanda and his...Published: 27 Mar 2025 at 06:06hrs | 715 | by Staff reporter
DA's Zille calls for unity among Zimbabwean opposition leaders
Helen Zille, the federal chairperson of South Africa's Democratic Alliance (DA), has urged Zimbabwean opposition leaders to unite and capitalize on the internal divisions within the ruling Zanu-...Published: 26 Mar 2025 at 07:04hrs | 1761 | by Staff reporter
Zimbabwe asset management landscape shifting
The asset management landscape in Zimbabwe is undergoing a significant transformation, with notable shifts in the allocation of funds under management (FUM), signaling a more cautious and strategic ap...Published: 15 Mar 2025 at 12:01hrs | 322 | by Staff reporter
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 | 401 | by Staff reporter
Nedbank reaffirms commitment to Zimbabwe as an investment destination
Nedbank Group has reiterated that Zimbabwe remains an attractive destination for foreign direct investment and pledged continued support for key sectors of the economy to drive growth.Dr. Tere...Published: 07 Mar 2025 at 06:55hrs | 110 | by Staff reporter
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