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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: 3 hrs ago | 220 | by Staff reporter
Zimbabwe's real problem isn't tinted windows
Only in Zimbabwe can a government decree be born in the morning and die by sundown. On Tuesday, Presidential Affairs secretary Tafadzwa Muguti thundered against tinted windows, ordering citizens to st...Published: 4 hrs ago | 126 | 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: 4 hrs ago | 78 | by Staff reporter
Tshabangu faction to receive US$1.7 million
Citizens Coalition for Change (CCC) faction leader Sengezo Tshabangu is set to receive US$1,696,166 from Parliament after a government notice confirmed allocations to political parties for 2025....Published: 03 Sep 2025 at 08:39hrs | 176 | 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
Air Zimbabwe reveals Harare-Mutare flight fares
Air Zimbabwe has announced ticket prices and schedules for its new Harare-Mutare flights, sparking mixed reactions from the travelling public and industry stakeholders.Unveiled during the Sang...Published: 02 Sep 2025 at 05:57hrs | 506 | 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
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
Information Management and Administrative Excellence Workshop Announced
Juru Growth Point, Zimbabwe - The RAIMSOSA CONSULTANCY CC is pleased to announce the upcoming Information Management and Administrative Excellence Workshop, scheduled to take place from December 7-12,...Published: 31 Aug 2025 at 20:51hrs | 33 | by Etiwel Mutero
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
Zinara disburses ZiG3,8bn for roadworks
The Zimbabwe National Road Administration (Zinara) has released ZiG3,8 billion (about US$140 million) and 746 000 litres of fuel to local and road authorities across the country between January and Ju...Published: 31 Aug 2025 at 10:36hrs | 336 | by Staff reporter
CZI pushes for Milei-style deregulation in Zimbabwe
The Confederation of Zimbabwe Industries (CZI) has urged government to adopt a bold deregulation model inspired by Argentine President Javier Milei, calling for the elimination or amendment of at leas...Published: 29 Aug 2025 at 05:48hrs | 111 | 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
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
Zimbabwe is losing over US$6bn to illicit financial flows
Zimbabwe is losing an estimated US$6,15 billion to illicit financial flows (IFFs) between 2020 and 2025, a drain that experts say is depriving the country of critical resources needed for development....Published: 25 Aug 2025 at 06:01hrs | 264 | by Staff reporter
RBZ to engage mobile operators on currency parity
The Reserve Bank of Zimbabwe (RBZ) has announced plans to work with mobile network operators to ensure parity in trading between the local gold-backed Zimbabwe Gold (ZiG) currency and the US dollar un...Published: 25 Aug 2025 at 06:00hrs | 424 | by Staff reporter
RBZ guarantees US$ 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
Econet in aggressive tech roll-out
Telecommunications leader Econet Wireless Zimbabwe has reported a 70% decline in connectivity-related customer complaints after completing a major network upgrade during the year ended February 2025....Published: 24 Aug 2025 at 09:12hrs | 139 | by Staff reporter
Schools in Zimbabwe struggle as BEAM funds remain unpaid
Schools across Zimbabwe are facing a financial crisis as the government continues to delay Basic Education Assistance Module (BEAM) disbursements, a programme meant to cover fees for vulnerable learne...Published: 22 Aug 2025 at 09:49hrs | 98 | 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
Hospital accountant jailed 12 years for US$123,000 fraud
A 30-year-old accountant has been sentenced to 12 years in prison after defrauding his employer, a private hospital in Harare, of more than US$123,700, ZW$15.3 million, and ZiG95,409.Tonderai ...Published: 19 Aug 2025 at 19:12hrs | 1176 | 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
Elderly woman loses US$45 000 in botched stand deal
An 80-year-old woman from Greendale, Harare, has lost US$45 000 after being duped in a fraudulent residential stand transaction.The victim, Theresa Marume, was misled into paying the full amou...Published: 18 Aug 2025 at 08:43hrs | 1003 | 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
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 | 999 | by Staff reporter
Zimbabwe govt targets 125 new schools
Zimbabwe's push to expand access to quality education has gathered momentum, with significant progress reported in the construction, registration, and upgrading of schools across the country under the...Published: 14 Aug 2025 at 10:33hrs | 114 | by Staff reporter
Harare working to clear payroll backlogs
The City of Harare has confirmed that it has completed its June payroll and is in the process of finalizing July payments in both Zimbabwe Gold (ZiG) and United States dollars.Speaking at the ...Published: 13 Aug 2025 at 13:01hrs | 208 | by Staff reporter
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
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
Zimbabwe to unveil de-dollarization roadmap in November
Zimbabwe's central bank has announced its decision to launch a de-dollarisation roadmap in November, along with the new five-year economic blueprint.In his 2025 mid-term monetary policy statem...Published: 12 Aug 2025 at 11:01hrs | 457 | by Staff reporter
Zimbabwe hits US$44,9bn in digital transactions
Zimbabwe's financial sector has marked a major milestone in its digital transformation, processing a record 381 million electronic transactions worth ZiG1,2 trillion (US$44,9 billion) in the first hal...Published: 12 Aug 2025 at 08:32hrs | 214 | by Staff reporter
Zimbabwe allocates US$25 million to compensate civil servants
The Zimbabwean government has earmarked US$25 million to compensate civil servants for pension losses incurred before 2009 due to the country's period of hyperinflation. This move follows recommendati...Published: 11 Aug 2025 at 09:08hrs | 570 | by Staff reporter
Zera reviews ZiG fuel prices downwards
The Zimbabwe Energy Regulatory Authority (ZERA) has announced a downward revision of fuel prices in local currency, effective from August 8 until September 4, 2025. The move follows the authority's ro...Published: 10 Aug 2025 at 19:20hrs | 360 | by Staff reporter
RBZ cracks down on ZiG rejection
The Reserve Bank of Zimbabwe (RBZ) has issued a strong warning to businesses and service providers who are refusing to accept the Zimbabwe Gold (ZiG) currency, with central bank governor Dr John Musha...Published: 09 Aug 2025 at 13:28hrs | 478 | by Staff reporter
'ZiG outperforms regional peers'
The Reserve Bank of Zimbabwe (RBZ) has lauded the Zimbabwe Gold (ZiG) currency for its sustained stability and strong performance compared to several regional currencies within the Southern African De...Published: 08 Aug 2025 at 13:02hrs | 311 | by Staff reporter
Zimbabweans pledge property for loans
Zimbabweans are increasingly pledging household items such as beds, fridges, and other personal property as collateral to secure small loans from financial institutions, highlighting the dire state of...Published: 08 Aug 2025 at 09:03hrs | 429 | by Staff reporter
RBZ upholds tight monetary policy to protect ZWG
The Reserve Bank of Zimbabwe (RBZ) on Thursday reaffirmed its tight monetary policy stance as a key strategy to conserve the local currency, despite mounting pressure from industry players to ease bor...Published: 08 Aug 2025 at 08:59hrs | 160 | by Staff reporter
Zimbabwe banking sector profits drop
Zimbabwe's banking sector has reported a steep drop in earnings for the first half of 2025, with aggregate profits plunging to ZiG5,0 billion (US$184,07 million) from ZiG10,4 billion (US$760,37 millio...Published: 08 Aug 2025 at 08:30hrs | 138 | by Staff reporter
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: 07 Aug 2025 at 17:16hrs | 464 | 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: 07 Aug 2025 at 09:07hrs | 152 | 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: 07 Aug 2025 at 08:58hrs | 107 | 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 | 69 | 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 | 234 | 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 | 485 | 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 | 473 | 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 | 364 | by Staff reporter
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