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Mnangagwa meets IMF delegation amid worsening economic crisis
President Emmerson Mnangagwa yesterday held a high-level meeting with an International Monetary Fund (IMF) delegation currently in Zimbabwe for an Article IV Consultation, as the country grapples with...Published: 10 Jun 2025 at 10:10hrs | 978 | by Staff reporter
Mukuru advocates for cashless economy
The logistics of handling cash in Zimbabwe present significant obstacles, but Doug Tait-Knight, the Chief Executive Officer of Mukuru Zimbabwe Financial Services, believes that embracing digital payme...Published: 09 Feb 2025 at 11:30hrs | 1439 | by Staff reporter
Chamisa says Mnangagwa must stop 2030
Zimbabwe's former opposition leader Nelson Chamisa says President Emmerson Mnangagwa must stop his 2030 plan to extend his rule beyond his 2028 second-term constitutional limit while subverting the co...Published: 18 Jan 2025 at 06:50hrs | 1187 | by Staff reportetr
Zimbabwe should ditch the toxic US dollar
Zimbabwe's economy has been intertwined with the US dollar for over a decade, a relationship that began as a pragmatic response to hyperinflation and economic collapse in the late 2000s. The adoption ...Published: 12 Jul 2024 at 09:46hrs | 58 | by Staff writer
Mnangagwa confirms structure to 'drip feed' ZWG into economy
Deputy Minister of Finance, Economic Development, and Investment Promotion, David Mnangagwa, acknowledged that the introduction of the Zimbabwe Gold (ZWG) currency in April has been characterized by a...Published: 01 Jul 2024 at 13:34hrs | 18 | by Staff reporter
Zimbabweans complain over ZiG cash shortage
Business operators and residents in Gweru are expressing concerns about the scarcity of the new currency, Zimbabwe Gold (ZiG), and are urging the Reserve Bank of Zimbabwe (RBZ) to increase the availab...Published: 24 May 2024 at 08:35hrs | 7 | by Staff reporter
Zimbabwe applies for ISO code for ZiG
The Reserve Bank of Zimbabwe (RBZ) is actively pursuing an International Organisation for Standardisation (ISO) code for the Zimbabwe Gold (ZiG), signaling its intention to establish ZiG as an indepen...Published: 22 May 2024 at 10:14hrs | 28 | by Staff reporter
ZiG fails to break Zimbabwe's cash crunch
Informal traders at Harare's Mbare market, a bustling center of commerce generating millions of US dollars weekly, have revealed their ongoing struggle with a cash shortage, hitting women vendors the ...Published: 18 May 2024 at 12:18hrs | | by Staff reporter
Multichoice believes Zimbabwe may prove a better market than Nigeria
Multichoice, which is banking on economic and monetary policy reforms in Nigeria to offset exchange rate losses, considers Zimbabwe an important market that is better than its West African counterpart...Published: 06 Jul 2023 at 09:17hrs | 2 | by Staff reporter
Why Mnangagwa failed to improve Zim's economic prospects
IT is now more than five years since President Emmerson Mnangagwa assumed power with a mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, Robert Gabri...Published: 29 Jun 2023 at 06:29hrs | 17 | by Martin Majaji
Nkayi Villagers cry for help
Villagers under Headman Manguni in Nkayi have requested urgent government assistance and help towards tackling challenges that have made life difficult for the people of Nkayi. Villagers r...Published: 05 Apr 2023 at 11:52hrs | 1 | by Nkululeko Nkomo
Econet among Africa's top 250 companies
Econet Wireless Zimbabwe and EcoCash Holdings Zimbabwe Limited have been named among Africa's top 250 companies by the African Business magazine.Every Year the African Business top 2...Published: 17 Jan 2023 at 16:21hrs | 2 | by Staff reporter
Zimdollar shortage hits the country
ZIMBABWE has been hit by Zimdollar shortages, a situation that has resulted in long-winding queues resurfacing at banks throughout the country.Of late, banks have been disbursing less than $5 ...Published: 22 Sep 2022 at 06:04hrs | | by Staff reporter
Why is Zimbabwe starving?
LONG-STANDING financial troubles and drought in Zimbabwe have pushed millions to the brink of starvation.Government has declared a state of disaster as months of drought have exacerbated a nat...Published: 22 Jul 2022 at 06:43hrs | 14 | by Claire Felter
Mnangagwa election fear jolts Zanu-PF
Zanu-PF'S structures in Harare are meeting to strategise on a quick economic recovery programme to avert defeat in the 2023 general elections at the hands of the main opposition Citizens' Coalition fo...Published: 17 Jul 2022 at 09:43hrs | 10 | by Staff reporter
Zanu-PF supporters corner ministers, RBZ over failure
Zanu-PF supporters have strongly warned the party of impending electoral defeat in the 2023 general election and accused some of President Emmerson Mnangagwa's deployees in government, particularly Fi...Published: 21 Jun 2022 at 15:24hrs | 22 | by Staff reporter
'No crisis in Zimbabwe'
FINANCE minister Mthuli Ncube has said "all is well" in Zimbabwe and dismissed claims that the southern African country is in the throes of an economic crisis.Speaking in an off-the-cuff...Published: 09 Jun 2022 at 06:42hrs | 14 | by Staff reporter
Dollarization will lead to 'very nasty' events for Zimbabwe
FINANCE minister Mthuli Ncube has said the banking sector will be wiped out, causing a cash crisis if Zimbabwe ever fully dollarizes.This follows growing calls for government to adopt the USD ...Published: 08 Jun 2022 at 18:15hrs | 8 | by Staff reporter
Zimbabweans MPs reduced to beggars
PRESIDENT Emmerson Mnangagwa's regime has reduced members of Parliament to beggars whose lives are now miserable, opposition MDC-T national chairperson Morgen Komichi (pictured) has said.This ...Published: 27 Apr 2022 at 13:39hrs | 1 | by Staff reporter
Blanket suspension of teachers moronic
GOVERNMENT'S treatment of its workers, specifically teachers, is proof of moronic leadership that has failed to appreciate how its own destructive policies have impacted the ordinary person.Te...Published: 17 Feb 2022 at 05:40hrs | 1 | by Evelyn Ndlovu
Mugabe was indeed better but so scary to imagine what that means for today's Zimbabwe!
Sitting around waiting for electricity that has been gone for over eighteen hours - from around midnight, and still nothing as I write this article at five in the afternoon - so as to engage in some p...Published: 04 Feb 2022 at 16:03hrs | 11 | by Tendai Ruben Mbofana
Currency reforms urgently needed
REPORTS that several schools are contemplating raising fees by around 300% are shocking given the economic crunch Zimbabwe finds itself in, but is also evidence of the hard decisions the government ha...Published: 29 Dec 2021 at 05:27hrs | 10 | by Staff reporter
Cash shortage hits Zimbabwean banks
THOUSANDS of Zimbabweans lined up outside banks and currency exchange offices across the country on Thursday, some for days, in a desperate bid to get cash before Christmas.Most are unlikely t...Published: 24 Dec 2021 at 16:36hrs | 5 | by Staff reporter
Muchinguri blames dead Mugabe for govt failure
DEFENCE minister Oppah Muchinguri-Kashiri last week said the Robert Mugabe administration had failed the country in the 40 years that it was in power, saying the Emmerson Mnangagwa dispensation had do...Published: 03 Oct 2021 at 08:17hrs | | by Staff reporter
Govt should resolve cash crisis
GOVERNMENT must solve the ongoing cash shortages as a matter of urgency. The crisis is causing chaos and long winding queues at most banking institutions.When people work, they expect to withd...Published: 29 Sep 2021 at 06:44hrs | | by Silence Raki
Public confidence in Zimdollar keeps waning, no end in sight
THE revelation by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya that the widening gap between the official and parallel foreign currency exchange rates is due to locals preferring the greenbac...Published: 27 Aug 2021 at 06:37hrs | 1 | by Staff reporter
Zimbabwe needs a Cyber Court for online crimes
As more and more Zimbabwean businesses increasingly recognise the Internet as a place where commercial dealings can take place, the legal system will need to be equipped to not only understand the Int...Published: 27 Aug 2021 at 06:36hrs | 1 | by Jacob Mutisi
Rising poverty hits Mnangagwa support
THE majority of Zimbabweans are unhappy with the decline in their well-being under President Emmerson Mnangagwa's administration and are unlikely to retain him for a second term in the 2023 elections,...Published: 07 Jul 2021 at 12:20hrs | | by Staff reporter
Mnangagwa's govt tells citizens to borrow to pay police spot fines
GOVERNMENT has said motorists must borrow from colleagues to pay for on-the-spot road traffic offenses if they do not have cash, and said it would not introduce alternative means of payment as it was ...Published: 12 Jun 2021 at 07:57hrs | | by Staff reporter
Zimbabwe upbeat about economic rebound
Zimbabwe is hoping for economic rebound this year as Finance Minister Mthuli Ncube expects the economy to grow by 7.8%.For two consecutive years, the country's economy has been shrinking. Even...Published: 10 Jun 2021 at 21:23hrs | 4 | by Staff reporter
Mnangagwa's Secrets to win In 2023 Revealed
The President of Zimbabwe Emmerson Dambudzo Mnangagwa has proved the world wrong. The world expected to see Zimbabwe crumble into the dust and become obsolete. But true to his word Emerson Mnangagwa h...Published: 03 Jun 2021 at 07:19hrs | 3 | by Dr Masimba Mavaza
Grace Mugabe's huge daily cash withdrawals exposed
FORMER first lady Grace Mugabe allegedly made multiple United States dollar cash withdrawals amounting to US$300 000 per day in 2019 from her CBZ Bank account at a time ordinary Zimbabweans were allow...Published: 23 Apr 2021 at 07:31hrs | 1 | by Staff reporter
Govt must extend vaccination programme to artisanal miners
ARTISANAL miners are challenging the government to extend the Covid-19 vaccination programme to outlying areas where thousands of people make a living through gold panning.Several players in t...Published: 17 Apr 2021 at 16:19hrs | 1 | by Staff reporter
Mobile money transactions drop 23%
The total number of mobile money transactions processed in 2020 went down by 23 percent to record $1,5 billion from $1,96 billion recorded in 2019 as active mobile money subscriptions also took a dip....Published: 01 Apr 2021 at 06:58hrs | 3 | by Staff reporter
Cash withdrawal limits, lending rates go up
THE Reserve Bank of Zimbabwe (RBZ) has increased withdrawal limits to $2 000 from $1 000 and reviewed upwards the bank policy and private sector lending rates as part of comprehensive measures to stre...Published: 19 Feb 2021 at 06:49hrs | 1 | by Staff reporter
Blind, inflated egos is not what Zimbabwe needs right now
REVELATIONS by Zimbabwe Heads of Christian Denominations (ZHOCD) this week that political dialogue to extricate the country from the current political and economic crises is hamstrung by selfishness a...Published: 12 Feb 2021 at 15:51hrs | 2 | by Staff reporter
Mr Cross: Silence cannot be misquoted
In September 2019, Finance and Economic Development Minister, Professor Mthuli Ncube, appointed a nine-member Monetary Policy Committee (MPC) to influence the Reserve Bank of Zimbabwe (RBZ)'s monetary...Published: 25 Jan 2021 at 08:28hrs | 1 | by Dr Tim Rainhard
'High value denominations will not affect inflation'
THE introduction of high value denominations into the economy will not result in high inflation as long as the Reserve Bank of Zimbabwe (RBZ) does not print too much money. Economic commentato...Published: 14 Jan 2021 at 07:52hrs | | by Staff reporter
How to kill a country
Nearly forty years ago Ian Smith, the Prime Minister of Rhodesia, became the first and only white colonial ruler to break away from the British Crown. He had tired of London's nagging about the subjug...Published: 13 Jan 2021 at 16:49hrs | 5 | by Samantha Power
RBZ has no plans of introducing Z$100 and Z$200 banknotes
THE Reserve Bank of Zimbabwe (RBZ) has said it has no plans of introducing Z$100 and Z$200 banknotes as suggested in some sections of the media.RBZ will soon introduce a new set of higher deno...Published: 12 Jan 2021 at 15:59hrs | | by Staff reporter
Zimbabwe to introduce new banknotes soon
THE Reserve Bank of Zimbabwe (RBZ) will soon introduce a new set of higher denomination banknotes to increase physical money supply, curb cash shortages and improve transacting convenience.Aut...Published: 10 Jan 2021 at 07:52hrs | 1 | by Staff reporter
Xmas rush exposes banks
A STEEP rise in demand for liquid cash experienced during the Christmas period exposed weaknesses in Zimbabwe's electric money strategy, a NewsDay Business survey revealed. Clients said electr...Published: 01 Jan 2021 at 07:39hrs | 11 | by Staff reporter
Masiyiwa, Zimbabwe's messenger of hope
RUNAWAY inflation in Zimbabwe has rendered its currency almost worthless.With US$8 billion in unpaid debt, the country can barely afford services for its citizens, and the deterioration is epi...Published: 08 Dec 2020 at 06:39hrs | 10 | by Staff reporter
Masiyiwa in Bloomberg's top 50
ZIMBABWEAN businessman and philanthropist, Mr Strive Masiyiwa, has been named by Bloomberg among the top 50 prominent figures that have changed the global business in 2020. The annual Bloomber...Published: 07 Dec 2020 at 06:57hrs | 5 | by Staff reporter
Business cries foul over EcoCash limits
ZIMBABWE'S hard-pressed businesses say they are likely to witness depressed revenues in the short term due to the Reserve Bank of Zimbabwe's decision to limit EcoCash transactions to ZW$5 000 per day....Published: 28 Aug 2020 at 07:17hrs | 5 | by Staff reporter
Cash shortages choking tourism
ZIMBABWE Independent deputy editor Faith Zaba (FZ) last week attended the 2019 Africa Tourism Leadership Forum and awards at the Durban International Convention Centre (ICC) whose theme was "Stimulati...Published: 06 Sep 2019 at 07:42hrs | 1 | by Staff reporter
Zimdollar rates tumble ahead of monetary policy
THE Reserve Bank of Zimbabwe (RBZ) is expected to announce the Mid-Term Monitory Policy statement in the coming days.The market is not anticipating major changes to the country's economic fort...Published: 06 Sep 2019 at 07:40hrs | 2 | by Victor Bhoroma
ZTA allay fears of fuel, cash shortages at World Tourism Expo
ZIMBABWE Tourism Authority (ZTA) acting chief executive Givemore Chidzidzi yesterday allayed fears by international guests coming for the 12th edition of Sanganai/Hlanganani World Tourism Expo that th...Published: 03 Sep 2019 at 07:58hrs | | by Staff reporter
Starvation to hit Zimbabwe
Food security is a matter of strategic national importance. Issues of food security affect us all regardless of colour, Creed and political affiliation. The issue of food security caused migrati...Published: 02 Sep 2019 at 09:42hrs | 5 | by Nicholas Ncube
Chamisa's MDC vows more govt pressure
THE MDC has vowed to maintain its pressure on the Zanu-PF led government at a time the party has seen narrowing options in repeated bans on party demonstrations and a regional bloc that stood firmly b...Published: 01 Sep 2019 at 14:45hrs | | by newzimbabwe
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