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Zimbabwe races to implement IMF-backed reforms
Zimbabwe is racing to implement wide-ranging fiscal and monetary reforms agreed with the International Monetary Fund (IMF), as the country seeks to exit its long-standing debt crisis, rebuild trust wi...Published: 11 hrs ago | 210 | by Staff reporter
Zimbabwe's brief gold coin revival ends with little impact
Zimbabwe's central bank has ended its short-lived reintroduction of gold coins, citing high demand and rising international prices, but economists say the effort had little macroeconomic effect and of...Published: 19 hrs ago | 127 | by Staff reporter
Zimbabwe revises upwards agric sector growth to 21.1%
The government has sharply revised upwards its projected growth for the agricultural sector to 21.1% in 2025, up from an earlier forecast of 12.8%, largely due to the positive impact of the La Niña w...Published: 19 hrs ago | 57 | by Staff reporter
Zimbabwe govt urged to act on speculative pricing
The Consumer Council of Zimbabwe (CCZ) has urged enhanced cooperation between the Ministry of Finance, the Reserve Bank of Zimbabwe (RBZ), and consumer rights bodies to tackle rampant speculative pric...Published: 06 Aug 2025 at 08:53hrs | 63 | by Staff reporter
FBC sees cautious recovery in Zimbabwe
Financial services firm FBC Securities says Zimbabwe's 2025 Mid-Year Budget and Economic Review points to a cautiously optimistic recovery trajectory, although tight fiscal and monetary conditions cou...Published: 05 Aug 2025 at 14:38hrs | 223 | by Staff reporter
Mnangagwa's office blows 81% of budget in 6 months
President Emmerson Mnangagwa's Office had already spent 81 percent of its 2025 budget by the halfway mark of the year, while the Ministry of Transport and Infrastructural Development exceeded its full...Published: 05 Aug 2025 at 12:19hrs | 480 | by Staff reporter
Ghost workers at Zimbabwe's major hospitals
Zimbabwe's biggest hospitals are losing billions of dollars in public funds due to ghost workers, missing drugs, and a complete lack of oversight, a damning Auditor-General's report has revealed....Published: 04 Aug 2025 at 13:00hrs | 470 | by Staff reporter
NEC reviews wages for agricultural sector workers
The National Employment Council (NEC) for Zimbabwe's agricultural industry has announced an upward revision of minimum wages and allowances for workers in the sector, effective from June 1, 2025....Published: 04 Aug 2025 at 08:46hrs | 340 | by Staff reporter
Zimbabwe health spending among lowest in region
Zimbabwe is spending just ZiG460 (about US$17) per person on health, with total health expenditure at only 0,5% of GDP in the first half of 2025 - far below regional and international targets - the Co...Published: 04 Aug 2025 at 08:33hrs | 99 | by Staff reporter
Gold Backed Currency vs Dollarisation: Lessons from Zimbabwe's New ZiG
Since April 2024, Zimbabwe has started a new monetary policy by introducing a gold-backed currency known as the Zimbabwe Gold (ZiG), to get rid of its reliance on the U.S. dollar. In t...Published: 03 Aug 2025 at 23:27hrs | 440 | by Staff Reporter
Zimbabwe raises US$25.4 million from sugar tax
Zimbabwe has raised ZiG685.8 million, equivalent to approximately US$25.4 million, from the sugar content tax between January and May 2025, with the funds earmarked for the procurement of critical can...Published: 03 Aug 2025 at 18:56hrs | 178 | by Staff reporter
Economists slam Mthuli Ncube's budget
Economists have sharply criticised Finance Minister Mthuli Ncube's 2025 mid-term budget and economic review, accusing the government of failing to deliver the structural reforms needed to address Zimb...Published: 03 Aug 2025 at 09:59hrs | 250 | by Staff reporter
Zimbabwe's budget falls short of Abuja health target funding
Zimbabwe's 2025 Mid-Year Budget Review has again revealed the country's continued failure to meet the Abuja Declaration commitment of allocating at least 15% of the national budget to health, despite ...Published: 01 Aug 2025 at 13:42hrs | 203 | by Staff reporter
Zimbabwe slides into a spaza nation
Zimbabwe's commercial landscape is undergoing a profound transformation - and not for the better. Across major cities, once-thriving formal businesses have either shuttered or drastically downsized, t...Published: 01 Aug 2025 at 13:17hrs | 809 | by Staff reporter
RBZ Chief charts path to monetary stability
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu says the central bank is making steady progress in consolidating price stability, growing foreign reserves, and reinforcing the banking se...Published: 01 Aug 2025 at 13:12hrs | 172 | by Staff reporter
Zimbabwe on track for 6% growth
Zimbabwe is on track to achieve a forecasted 6% economic growth in 2025 helped by good agricultural output and strong commodity prices, Finance Minister Mthuli Ncube said on Thursday.The South...Published: 01 Aug 2025 at 10:00hrs | 262 | by Staff reporter
Bulawayo man fined for wearing military camouflage
A 26-year-old Bulawayo man has been fined US$125 for illegally wearing military camouflage in violation of Zimbabwe's laws prohibiting civilians from donning security forces' attire.Alpha Moyo...Published: 01 Aug 2025 at 09:13hrs | 556 | by Staff reporter
Mthuli Ncube admits economy chaos
The government has admitted that companies in Zimbabwe often make more money operating outside the law than when complying with regulations, in a rare acknowledgement of a system that punishes honesty...Published: 01 Aug 2025 at 09:12hrs | 629 | by Staff reporter
Mthuli Ncube commits to easing business costs
Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, delivered the 2025 Mid Term Budget Review Statement on Thursday, affirming Zimbabwe's economic recovery whil...Published: 01 Aug 2025 at 08:43hrs | 160 | by Staff reporter
Illegal logging costs Zimbabwe millions
Deep in the misty Eastern Highlands, along the Zimbabwe–Mozambique border, the whine of chainsaws has replaced the natural chorus of birdsong. Towering indigenous and exotic trees, some centurie...Published: 01 Aug 2025 at 08:29hrs | 72 | by Staff reporter
Zimbabwe's rebasing pushes GDP to US$45,7bn
The government's recent rebasing of Zimbabwe's economy has lifted its gross domestic product (GDP) valuation to US$45,7 billion and gross national income (GNI) per capita above US$3 000 - even as ...Published: 01 Aug 2025 at 08:27hrs | 242 | by Staff reporter
Zanu-PF warns affiliates
ZANU-PF Manicaland provincial chairperson Tawanda Mukodza has issued a stern warning to party members to be vigilant against shadowy affiliate groups allegedly infiltrating the ruling party to foment ...Published: 01 Aug 2025 at 08:06hrs | 279 | by Staff reporter
Zimbabwe govt mulls fresh taxes
Finance Minister Mthuli Ncube yesterday unveiled plans to impose new taxes, despite growing resistance from businesses and taxpayers who argue that Zimbabwe's current tax burden is already suffocating...Published: 01 Aug 2025 at 08:02hrs | 380 | by Staff reporter
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 | 266 | by Staff reporter
Zimbabwe inflation surges to 95.8%
Zimbabwe's inflationary strain deepened in July, with annual inflation accelerating to 95.8%, up from 92.5% in June, underlining the fragility of the country's monetary framework despite tighter polic...Published: 31 Jul 2025 at 12:58hrs | 328 | by Staff reporter
RBZ warns against price instability
The Reserve Bank of Zimbabwe (RBZ) has issued a cautionary note on the dangers posed by exchange rate volatility, stressing that fluctuations in the value of the local currency could severely undermin...Published: 31 Jul 2025 at 08:19hrs | 245 | by Staff reporter
Cash flow constraints hamper devolution funding
Finance Minister Professor Mthuli Ncube has attributed the government's failure to meet the constitutionally mandated five percent allocation of national revenue towards devolution to cash flow constr...Published: 29 Jul 2025 at 18:29hrs | 162 | by Staff reporter
Tagwirei must be stopped, says Biti
Former Finance Minister Tendai Biti has launched a scathing attack on controversial businessman Kudakwashe Tagwirei, accusing him of plundering Zimbabwe's economy and warning that his presidential amb...Published: 29 Jul 2025 at 15:47hrs | 499 | by Staff reporter
Zimbabwe's July inflation shows mixed trends
The latest inflation figures released by the Zimbabwe National Statistics Agency (ZIMSTAT) for July 2025 show a modest rise in prices for goods and services measured in both the United States Dollar (...Published: 28 Jul 2025 at 18:58hrs | 159 | by Staff reporter
Mutapa, RBZ push for economic transformation
The Mutapa Investment Fund and the Reserve Bank of Zimbabwe (RBZ) have pledged to play pivotal roles in driving economic transformation and ensuring financial stability as the nation accelerates effor...Published: 28 Jul 2025 at 14:18hrs | 202 | by Staff reporter
GMB maize intake rises 100%
The Grain Marketing Board (GMB) has recorded a 100 percent surge in maize intake between April 1 and July 24 this year, compared to the same period in 2024, signalling improved grain deliveries amidst...Published: 27 Jul 2025 at 21:01hrs | 300 | by Staff reporter
Zimbabwe civil servants fume over unpaid 2023 allowances
Civil servants engaged in the 2023 mobile registration exercise are expressing mounting frustration over unpaid allowances owed by the Civil Registry Department. Despite completing the program two yea...Published: 27 Jul 2025 at 11:16hrs | 118 | by Staff reporter
Govt increases BEAM disbursements to ease pressure on rural schools
The Zimbabwean government has doubled monthly disbursements under the Basic Education Assistance Module (BEAM) from ZiG200 million to ZiG400 million, in a move aimed at clearing arrears and easing mou...Published: 26 Jul 2025 at 11:28hrs | 145 | by Staff reporter
Govt swindled out of thousands for Gokwe Uhuru gig?
The government is reportedly losing thousands of dollars due to inflated accommodation bills and fraudulent tender awards involving unregistered suppliers colluding with some officials, according to s...Published: 26 Jul 2025 at 11:20hrs | 119 | 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 | 787 | by Staff reporter
ZIDA records surge in investment licences
The Zimbabwe Investment and Development Agency (ZIDA) has reported a record-breaking increase in new investment licences in 2024, reflecting what officials describe as growing investor confidence in t...Published: 25 Jul 2025 at 09:42hrs | 77 | by Staff reporter
AG exposes massive financial mismanagement
A damning report by Acting Auditor-General Rhea Kujinga, tabled in Parliament this week, has uncovered widespread financial mismanagement, weak internal controls, and systemic accounting failures ...Published: 25 Jul 2025 at 09:24hrs | 228 | by Staff reporter
IMF sees signs of recovery in Zimbabwe
Zimbabwe is showing early signs of economic recovery and macroeconomic stabilization, buoyed by recent policy reforms and improved fiscal management, according to the International Monetary Fund (IMF)...Published: 24 Jul 2025 at 16:53hrs | 820 | by Staff reporter
Professor Mugano's meeting with RBZ Governor raises eyebrows
Outspoken economist and long-time government critic Professor Gift Mugano has surprised many after expressing praise for the Reserve Bank of Zimbabwe (RBZ) and its team following a meeting with the ce...Published: 24 Jul 2025 at 15:31hrs | 1819 | by Staff reporter
Zimbabwe army commander loses court battle
Two Harare men who suffered brutal assaults at the hands of soldiers during Zimbabwe's 2019 fuel protests have finally secured justice after a civil court ruled in their favour, ordering the Zim...Published: 22 Jul 2025 at 17:57hrs | 1510 | by Staff reporter
Report exposes dire working conditions in Zimbabwe's education sector
Zimbabwe's public education sector is teetering on the brink of collapse due to poor working conditions, meagre salaries, and government neglect, according to a new report released by the Amalgamated ...Published: 22 Jul 2025 at 09:14hrs | 237 | 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 | 473 | by Staff reporter
Is this health justice or state overreach?
In the swiftly evolving drama of Zimbabwean healthcare, a new bill in Parliament has stirred both hope and alarm. The Medical Services Amendment Bill, championed by Justice and Parliamentary Affairs M...Published: 19 Jul 2025 at 09:10hrs | 1331 | by Kumbirai Thierry Nhamo
Harare plunged into darkness as Zesa switches off tower lights
Harare's last remaining tower lights were switched off this week, plunging Zimbabwe's capital further into darkness - a stark metaphor for the city's deepening governance crisis and financial dysfunct...Published: 18 Jul 2025 at 14:46hrs | 435 | by Staff reporter
Zimbabwe's plan to make ZiG sole currency faces sharp criticism
Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu has recently suggested making the local currency, the Zimbabwe Gold coin (ZiG), the sole legal tender in the country. Despite Mushayavanhu's c...Published: 18 Jul 2025 at 08:52hrs | 1194 | by Staff reporter
Inmates trade sugar, porridge for weed
GWANDA - Two serving prison inmates, Hloniphani Mkwananzi (42) and Tiisetse Ngulube, have been sentenced to 15 months in prison for trading food items received from relatives in exchange for cannabis....Published: 16 Jul 2025 at 16:01hrs | 551 | by Gideon Madzikatidze
Zimbabwe govt warns Chinese firms over illicit deals
The Office of the President and Cabinet (OPC) has issued a sharp and public rebuke to Chinese businesses operating in Zimbabwe, warning them to immediately halt illicit financial activities, environme...Published: 16 Jul 2025 at 07:41hrs | 534 | by Staff reporter
Zimbabwe eyes price relief towards end of 2025
After years of persistent inflationary pressures, Zimbabwe is approaching the latter half of 2025 with cautious optimism, as recent economic indicators and government policy measu...Published: 15 Jul 2025 at 21:56hrs | 445 | by Staff reporter
Mine owner fined for operating unregistered milling plants
MAPHISA - A 45-year-old Snake Bone Mine owner has been fined US$200 for operating hammer and ball milling plants without proper documentation for registration.Matebeleland South Provincial Mag...Published: 14 Jul 2025 at 21:45hrs | 573 | by Gideon Madzikatidze/Simbarashe Sithole in Kezi
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 | 732 | by Staff reporter
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