Search / Zig
Bulawayo prioritises BF renovation in sports facility upgrade
Bulawayo Mayor David Coltart has reaffirmed that the renovation of Barbourfields Stadium remains a top priority as the city moves forward with the Government's directive to allocate seven percent of i...Published: 23 Mar 2025 at 08:07hrs | 1777 | by Staff reporter
Zimbabwe may scrap US$ for local transactions without notice
The government has warned that it may scrap the United States dollar for local transactions without notice in a bid to enforce acceptance of the Zimbabwe Gold (ZiG) currency.The ZiG was introd...Published: 22 Mar 2025 at 12:12hrs | 27770 | by Staff reporter
OK Zimbabwe reverses Bulawayo branch closure decision
Retail giant OK Zimbabwe is set to reopen its Entumbane branch, which was closed earlier this year, with a new business model that converts the outlet into a wholesale facility with lower operating co...Published: 21 Mar 2025 at 09:14hrs | 399 | by Staff reporter
Zimbabwe introduces easy WhatsApp-based upgrade for plastic driver's licence
The Zimbabwean government has rolled out a simplified process for drivers to upgrade from the old blue paper licence to the new scannable plastic version, using WhatsApp as a primary communication too...Published: 15 Mar 2025 at 16:59hrs | 47514 | by Staff reporter
Bulawayo reveals road rehabilitation plan
The Bulawayo City Council (BCC) has requested authorization to utilize part of its allocation from the Zimbabwe National Road Administration (Zinara) for the procurement of tools, plant, and equipment...Published: 14 Mar 2025 at 06:52hrs | 1858 | by Staff reporter
Prophet Magaya defies court order, GetBucks seeks police intervention
Prophet Walter Magaya, the founder of the Prophetic Healing and Deliverance (PHD) Ministries, is facing allegations of defying a court order to settle a US$420,140.72 debt owed to GetBucks Microfinanc...Published: 13 Mar 2025 at 16:12hrs | 1477 | by Staff reporter
Zimsec announces fixed exchange rate for examination fees
The Zimbabwe School Examinations Council (ZIMSEC) has set a fixed exchange rate of ZiG 26.65 to US$1 for examination fees paid in local currency between March 10 and March 14, 2025. This rate will app...Published: 12 Mar 2025 at 11:39hrs | 1595 | by Staff reporter
Zinara allocates ZiG11.6bn for road rehabilitation in 2025
The Zimbabwe National Road Administration (ZINARA) has set aside ZiG11.6 billion for the Emergency Road Rehabilitation Programme 2 (ERRP2) this year, marking a significant increase from the ZiG4.6 bil...Published: 12 Mar 2025 at 07:43hrs | 515 | by Staff reporter
Refurbishment of National Sports Stadium gains momentum
The refurbishment of the National Sports Stadium is set to accelerate after the government resolved several challenges that had delayed the project. The 38-year-old facility, which last hosted interna...Published: 12 Mar 2025 at 07:39hrs | 324 | 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 | 286 | by Staff reporter
Minister optimistic on Gwayi-Shangani Dam deadline
Matabeleland North Provincial Affairs and Devolution Minister, Richard Moyo, has called on Treasury to urgently release funds for the Gwayi-Shangani Dam project, emphasizing that the project's complet...Published: 09 Mar 2025 at 13:21hrs | 195 | by Staff reporter
Zimbabwe govt rolls out POS machines to formalise informal businesses
The Zimbabwean government has commenced a nationwide programme to integrate unregistered businesses into the formal economy by distributing point-of-sale (POS) machines, which are now a prerequisite f...Published: 09 Mar 2025 at 13:08hrs | 186 | by Staff reporter
Zimbabwe govt accountant arrested in alleged medical funds scam
The Zimbabwe Anti-Corruption Commission (ZACC) has arrested Dorothy Mauchaza, an Assistant Accountant at the Ministry of Public Service, Labour and Social Welfare, on charges of criminal abuse of duty...Published: 08 Mar 2025 at 14:43hrs | 260 | by Staff reporter
Fire guts Mpilo Hospital Kiosk
A fire broke out this afternoon at Mpilo Central Hospital in Bulawayo, gutting a six-roomed Red Cross structure used as a kiosk. The blaze, caused by an overheated fresh chips fryer, resulted in the d...Published: 07 Mar 2025 at 19:16hrs | 375 | by Staff reporter
Zimbabwe central bank urges banks to increase ZiG lending
With the Zimbabwe Gold (ZiG) currency now largely stable, the Reserve Bank of Zimbabwe (RBZ) has urged banks to increase lending in ZiG, assuring financial institutions that the risk of depreciation h...Published: 01 Mar 2025 at 08:56hrs | 204 | by Staff reporter
Zimbabwe could clear arrears with bold reforms
Zimbabwe could clear its arrears and rework $21 billion in debt that's kept it locked out of international capital markets for more than a quarter of a century if it implements fiscal reforms, the Wor...Published: 27 Feb 2025 at 11:05hrs | 356 | by Staff reporter
Zimbabwe inflation in major downtrend
Zimbabwe's inflation rate experienced a notable downturn in February, decreasing by 10 percentage points to 0.5 percent, signaling progress toward long-term economic stability and price predictability...Published: 27 Feb 2025 at 11:02hrs | 217 | by Staff reporter
Zimbabwe govt moves to directly procure fuel
The Zimbabwean government intends to directly procure fuel for its own use and key economic sectors to lower costs and enhance competitiveness, Energy and Power Development Minister July Moyo has anno...Published: 22 Feb 2025 at 09:23hrs | 857 | by Staff reporter
World Bank implores Zimbabwe to maintain tight money supply
The World Bank has urged Zimbabwe to maintain its tight monetary policy stance and resist spending pressures to control inflation and ensure lasting exchange rate stability.Inflation in Zimbab...Published: 17 Feb 2025 at 09:00hrs | 256 | by Staff reporter
Zimbabwe's debt unsustainably high
The International Monetary Fund (IMF) has warned that Zimbabwe's debt and external arrears remain unsustainably high, forcing the country to rely on its own resources to fund economic activities....Published: 16 Feb 2025 at 07:42hrs | 406 | by Staff reporter
US$8m Belarus proposal divides Bulawayo councillors
A proposal by the Bulawayo City Council (BCC) to procure vehicles and equipment from Belarus for US$7.5 million has ignited divisions within Zimbabwe's second-largest city. Official documents released...Published: 14 Feb 2025 at 12:57hrs | 1185 | by Staff reporter
Zimbabwe's bullion-backed ZiG is missing out on gold's record run
Zimbabwe's bullion-backed currency is missing out on an impressive gold rally, because of a liquidity squeeze that's choking the economy and difficulties in exchanging the unit for dollars.Sin...Published: 14 Feb 2025 at 08:40hrs | 431 | by Staff reporter
Zimbabwe isn't yet ready for a sole currency, finance chief says
Zimbabwe's Finance Minister Mthuli Ncube said the southern African nation needs to regain access to credit lines before it can adopt the ZiG as its sole currency."We need a few things in place...Published: 12 Feb 2025 at 15:00hrs | 404 | by Staff reporter
Zimbabwe's gold coins sell for record $3,000 as bullion surges
Zimbabwe's gold coins sold above $3 000 for the first time since they were introduced almost three years ago as the price of bullion surged.The 22-carat "Mosi-Oa-Tunya" gold coins, named after...Published: 12 Feb 2025 at 06:39hrs | 743 | by Staff reporter
Zinara allocates measly ZiG62 million to Bulawayo
The Zimbabwe National Road Administration (Zinara) has allocated a substantial budget of nearly ZiG62 million to the City of Bulawayo for its 2025 road rehabilitation programme.According to th...Published: 11 Feb 2025 at 13:19hrs | 1776 | by Staff reporter
RBZ intervenes in data pricing discrimination against ZiG
The Reserve Bank of Zimbabwe (RBZ) has moved to address concerns over discriminatory pricing by mobile network operators and internet service providers, particularly regarding their preference for tra...Published: 10 Feb 2025 at 15:28hrs | 1949 | by Staff reporter
Concerns over RBZ's reduction of forex retention for horticulture exporters
The Horticultural Development Council (HDC) has expressed concerns about the Reserve Bank of Zimbabwe's (RBZ) recent decision to lower the foreign currency retention threshold for exporters from 75% t...Published: 10 Feb 2025 at 09:41hrs | 229 | by Staff reporter
RBZ predicts inflation to trend down in 2025
The Reserve Bank of Zimbabwe (RBZ) is optimistic about continued inflation moderation, forecasting the monthly inflation rate to average 3% or less in 2025. The central bank expects the annual inflati...Published: 10 Feb 2025 at 06:31hrs | 180 | by Staff reporter
Zimbabwe struggles to promote ZiG
THE Zimbabwean government faces challenges in promoting the Zimbabwe Gold (ZiG) currency for financial stability, as some businesses remain reluctant to accept it, preferring the U.S. dollar, which re...Published: 08 Feb 2025 at 12:52hrs | 582 | by Staff reporter
Zimbabwe's foreign currency reserves surge by 87%
The Reserve Bank of Zimbabwe (RBZ) has reported a significant increase in its foreign currency reserves, which have surged by 87% to reach US$550 million as of January 2025. This marks a substantial g...Published: 08 Feb 2025 at 12:49hrs | 3929 | by Staff reporter
Zimbabwe central bank speaks on retailers
The Reserve Bank of Zimbabwe (RBZ) has dismissed claims by registered retailers that the country's economic environment is to blame for their operational challenges, pointing instead to gross mismanag...Published: 08 Feb 2025 at 12:30hrs | 182 | by Staff reporter
RBZ to introduce higher denomination ZiG notes
The Reserve Bank of Zimbabwe (RBZ) has announced plans to introduce higher denominations of the Zimbabwe Gold (ZiG) currency by the third quarter of 2025. This move aims to address challenges with the...Published: 07 Feb 2025 at 17:44hrs | 916 | by Staff reporter
Central bank to improve design and quality of Zimbabwe Gold banknotes
The Reserve Bank of Zimbabwe (RBZ) is set to enhance the quality and design of Zimbabwe Gold (ZiG) banknotes to align with international standards, addressing public concerns over their durability and...Published: 07 Feb 2025 at 17:43hrs | 258 | by Staff reporter
Zimbabwe central bank goes after informal traders forex, exporters' proceeds
The Reserve Bank of Zimbabwe (RBZ) has announced a further reduction in export retention proceeds, cutting them by an additional 5%, as part of measures aimed at boosting foreign currency reserves and...Published: 07 Feb 2025 at 06:43hrs | 1181 | by Staff reporter
Zimbabwe raises savings rates, cuts POS charges
The Reserve Bank of Zimbabwe (RBZ) has introduced a series of bold monetary policy measures aimed at promoting the use of the Zimbabwe Gold (ZiG) currency and enhancing economic stability. These measu...Published: 07 Feb 2025 at 06:35hrs | 392 | by Staff reporter
Zimbabwe central bank cuts exporter retention threshold
The Reserve Bank of Zimbabwe (RBZ) has reduced exporters' foreign currency retention threshold from 75% to 70% as part of efforts to promote the use of the domestic currency, the Zimbabwe Gold (ZiG), ...Published: 07 Feb 2025 at 06:34hrs | 163 | by Staff reporter
Zimbabwe central bank widens blitz on defiant business
The Reserve Bank of Zimbabwe (RBZ) has announced an expanded blitz targeting businesses across the country that are refusing to comply with government directives on the use of the multicurrency system...Published: 05 Feb 2025 at 11:42hrs | 351 | by Staff reporter
Another empty deadline for Lake Gwayi-Tshangani from second republic
The Government of Zimbabwe has expressed confidence that the 650-million-cubic-metre Lake Gwayi-Tshangani, a key infrastructure project in Matabeleland North, will be completed before the next rainy s...Published: 30 Jan 2025 at 06:51hrs | 5287 | by Staff reporter
Zimbabwe economy implodes
Analysts and opposition political parties have raised alarm over a surge in job losses as companies downsize or shut down due to the prevailing tough economic environment in Zimbabwe. The formal retai...Published: 29 Jan 2025 at 08:49hrs | 1346 | 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 | 1078 | by Staff reporter
ZiG scarcity has eased exchange rate depreciation
The limited availability of Zimbabwe Gold (ZWG) currency has helped ease exchange rate depreciation on the parallel market, although US dollar demand pressures have continued to push premiums higher t...Published: 16 Jan 2025 at 07:17hrs | 3101 | by Staff reporter
Bulawayo hit by devastating storm
The heavy downpour that hit Bulawayo on Tuesday this week has left a trail of destruction across several suburbs, Southern Eye has established.Residents in affected areas were left in distress...Published: 16 Jan 2025 at 07:10hrs | 1487 | by Staff reporter
'Zimbabwe economy heads for a bloodbath'
Former Finance Minister Tendai Biti has issued a stark warning of a potential economic bloodbath if Zimbabwe does not liberalize its exchange rate and inject liquidity into the economy. His concerns c...Published: 14 Jan 2025 at 14:16hrs | 921 | by Staff reporter
Woman robbed litre of used cooking oil
A 20-year-old man from Maphisa, Matebeleland South was sentenced to three years behind bars for robbing Veldah Yolanda Ndlovu (24) of her ZAR375, cellphone and a plastic bag containing one litre of us...Published: 13 Jan 2025 at 14:05hrs | 1243 | by Gideon Madzikatidze
Zimbabwe gold reserves rise to $533 million
Zimbabwe's reserves backing the Zimbabwe Gold (ZiG) currency, including foreign currency and gold, have surged to US$533 million following a directive by President Emmerson Mnangagwa requiring 50% of ...Published: 12 Jan 2025 at 11:55hrs | 142 | by Staff reporter
Zimbabwe teachers not ready for January schools opening
As Zimbabwean schools prepare to reopen on January 14 for the first term, teachers' unions have voiced serious concerns over educators' readiness, citing financial incapacitation and resource shortage...Published: 11 Jan 2025 at 18:44hrs | 12916 | by Staff reporter
RBZ unveils another 'looting scheme'
The Reserve Bank of Zimbabwe (RBZ) has introduced the Targeted Finance Facility (TFF) with an aim to provide affordable credit to key productive sectors such as agriculture, manufacturing, and mining....Published: 11 Jan 2025 at 08:20hrs | 1178 | by Staff reporter
New dispensation: A scam
Zimbabwe was once a country for all, until it was hijacked by a small group of people who used title documents to dominate the majority's politics, econom...Published: 08 Jan 2025 at 11:21hrs | 1661 | by Leonard Koni
Zimbabwe Industrial Reconstruction and Growth Plan launched
The Zimbabwe Industrial Reconstruction and Growth Plan (ZIRGP) has been officially launched, marking a critical step toward revitalizing the country's economy through local procurement and enhanced mi...Published: 07 Jan 2025 at 14:02hrs | 387 | by Staff Reporter
Harare Mayor promises to improve city
Harare Mayor, Councillor Jacob Mafume, has vowed to address the city's service delivery shortcomings and build on last year's progress, despite falling short of the 2014 goal of transforming Harare in...Published: 01 Jan 2025 at 10:09hrs | 434 | by Staff reporter
Load More Stories
