Search / Zig
'RBZ walks the talk on ZiG'
Zimbabwe's efforts to stabilise its currency and foster price stability are showing significant progress, with foreign currency reserves backing the Zimbabwe Gold (ZiG) surpassing US$600 million, sign...Published: 50 mins ago | 70 | by Staff reporter
Zimbabwe's foreign currency reserves surge as ZiG gains stability
Zimbabwe's efforts to stabilise its local currency, the Zimbabwe Gold (ZiG), have begun yielding tangible results, with the country's foreign currency reserves exceeding US$600 million, the Reserve Ba...Published: 22 hrs ago | 2489 | by Staff reporter
Harare's drinking water could be turning into a toxic brew
Harare's main water source, Lake Chivero, is under severe threat as the capital city continues to discharge over 250 million litres of raw and partially treated sewage into the lake each day - sparkin...Published: 13 Apr 2025 at 09:47hrs | 295 | by Staff reporter
Banks smile all the way to the bank, while depositors bear cost of high fees
Shareholders in Zimbabwe's banking sector are enjoying robust returns on their investments, as banks continue to post strong profits and declare sizeable dividends. However, concerns are mounting amon...Published: 13 Apr 2025 at 09:46hrs | 205 | by Staff reporter
Zec ducks Chivayo millions saga
The Zimbabwe Electoral Commission (ZEC) has pleaded with journalists to stop asking questions regarding the controversial US$40 million elections tender allegedly awarded to Zanu PF-linked businessman...Published: 12 Apr 2025 at 15:29hrs | 417 | 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 | 2193 | 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 | 3591 | by Staff reporter
Zimbabwe fast-tracking ZiG banknotes rollout
The Reserve Bank of Zimbabwe (RBZ) is accelerating efforts to deliver new Zimbabwe Gold (ZiG) banknotes, with Governor Dr John Mushayavanhu assuring the public that the rollout will happen "in the sho...Published: 06 Apr 2025 at 11:28hrs | 1057 | by Staff reporter
Zimbabwean banks face backlash over excessive charges
Zimbabwe's banking sector is celebrating strong financial results, with shareholders across financial institutions enjoying substantial dividend payouts following another profitable year. However, the...Published: 06 Apr 2025 at 11:26hrs | 371 | by Staff reporter
Zimra targets US$7.155 billion in 2025 revenue collection drive
The Zimbabwe Revenue Authority (ZIMRA) has set an ambitious target to collect US$7.155 billion in tax revenue for 2025, reflecting a 17 percent increase from the 2024 target.ZIMRA, the governm...Published: 03 Apr 2025 at 08:05hrs | 81 | by Staff reported
Zimbabwe central bank rubbishes reports on cash deposit box seizures
The Reserve Bank of Zimbabwe (RBZ) has dismissed claims that it is targeting businesses and individuals holding cash in deposit boxes, following an article published in The Herald on April 2, 2025. Th...Published: 02 Apr 2025 at 18:53hrs | 2419 | by Staff reporter
RBZ to swoop on currency hoarders
The Reserve Bank of Zimbabwe (RBZ) is set to crack down on businesses and individuals hoarding money in cash deposit boxes at banks, homes, and business premises. Authorities are concerned that such p...Published: 02 Apr 2025 at 08:47hrs | 573 | by Staff reporter
Zimbabwe at crossroads: Is it Mnangagwa, Chiwenga, Geza or Chamisa?
1. IntroductionZimbabwe is at the crossroads, again. The country is again being discussed in newsrooms, churches, embassies, business chambers, beerhalls, and social ...Published: 31 Mar 2025 at 10:38hrs | 2225 | by Eddie Mahembe, PhD
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 | 1123 | 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$30,000, has been sentenced to seven years in prison.Frank Sibanda and his...Published: 27 Mar 2025 at 06:06hrs | 596 | by Staff reporter
DA's Zille calls for unity among Zimbabwean opposition leaders
Helen Zille, the federal chairperson of South Africa's Democratic Alliance (DA), has urged Zimbabwean opposition leaders to unite and capitalize on the internal divisions within the ruling Zanu-...Published: 26 Mar 2025 at 07:04hrs | 1756 | by Staff reporter
Zinara leadership earns top honors
The ongoing restructuring at the Zimbabwe National Road Administration (Zinara) is proving successful, with key officials receiving top accolades for turning around the once embattled parastatal....Published: 25 Mar 2025 at 11:52hrs | 236 | by Staff reporter
Bulawayo prioritises BF renovation in sports facility upgrade
Bulawayo Mayor David Coltart has reaffirmed that the renovation of Barbourfields Stadium remains a top priority as the city moves forward with the Government's directive to allocate seven percent of i...Published: 23 Mar 2025 at 08:07hrs | 2032 | by Staff reporter
Zimbabwe may scrap US$ 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 | 29690 | 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 | 403 | 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 | 48144 | 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 | 1866 | 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 | 1480 | 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 | 1599 | 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 | 518 | 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 | 328 | 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 | 303 | 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 | 195 | 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 | 263 | 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 | 377 | 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 | 205 | 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 | 220 | 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 | 257 | 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 | 747 | 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 | 1778 | 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 | 583 | 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 | 3931 | 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 | 183 | 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 | 259 | by Staff reporter
Load More Stories
