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ZNCC urges RBZ to cut policy rate to 20%
The Zimbabwe National Chamber of Commerce (ZNCC) has urged the Reserve Bank of Zimbabwe (RBZ) to lower its bank policy rate from the current 35% to 20% in an effort to ease growing credit constraints ...Published: 08 Jul 2025 at 12:12hrs | 213 | by Staff reporter
RBZ's decision to halt gold coin sales has drawn warnings
The Reserve Bank of Zimbabwe (RBZ)'s decision to suspend the sale of gold coins has drawn warnings from an economic analyst, who says the move could expose the Zimbabwe Gold (ZWG) currency to inflatio...Published: 30 Jun 2025 at 09:15hrs | 2589 | by Staff reporter
It will take more than Mnangagwa's gold vault tour to restore public trust in the ZiG
There's a saying: trust is built over time - but can be destroyed in an instant, and once broken, confidence is not only shattered, but painfully difficult to rebuild.President Emmerson Mnanga...Published: 23 Jun 2025 at 18:56hrs | 351 | by Tendai Ruben Mbofana
Zimbabwe's weighted inflation rate hits 0% in May
Zimbabwe's monthly weighted average inflation rate fell to 0 percent in May 2025, marking a significant step toward economic stability and price predictability across both local and foreign currency m...Published: 29 May 2025 at 10:12hrs | 119 | by Staff reporter
ZiG monthly inflation rate up by 0,7%
Zimbabwe's new currency, Zimbabwe Gold (ZWG), recorded a slight inflation decline of 0.7% in April 2025, while the United States dollar (USD) also saw a modest depreciation of 0.2%, according to the Z...Published: 26 Apr 2025 at 10:44hrs | 526 | by Staff reporter
China orders its banks to avoid buying dollars
The PBOC has reportedly issued informal "window guidance" to major state-owned banks this week, essentially instructing them to avoid buying dollars for their own accounts. China's Central Bank also d...Published: 09 Apr 2025 at 21:37hrs | 969 | by Staff reporter
Different Types of Forex Brokers
Different Types of Forex Brokers The foreign exchange market is a global, decentralized marketplace where currencies are traded. This i...Published: 09 Jan 2025 at 16:16hrs | 461 | by Staff Reporter
Zimbabwe inflation eases
Zimbabwe's inflation rate eased significantly in November, marking a slowdown to 11.7% from 37.2% in October, according to the Reserve Bank of Zimbabwe (RBZ). The decline was attributed to the central...Published: 05 Dec 2024 at 11:08hrs | 497 | by Staff reporter
Zimbabwe injects US$64m into foreign currency market
The Reserve Bank of Zimbabwe (RBZ) has injected US$64 million into the foreign exchange market in response to a growing demand for hard currency, ensuring that all bona fide foreign currency applicati...Published: 20 Sep 2024 at 07:49hrs | 241 | by Staff reporter
After ditching the dollar, Zimbabwe now rushing for it at a steeper cost
NEARLY five months after changing its currency to arrest inflation, Zimbabwe is back in familiar territory as the new local unit has started losing ground.The problem seems to be based on how ...Published: 26 Aug 2024 at 08:11hrs | 3928 | by Staff reporter
Fresh blitz against illegal forex dealers in Zimbabwe
The police and the Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) have initiated a crackdown on illegal currency traders. This week, numerous money changers were arrested, with many stil...Published: 26 Jul 2024 at 06:33hrs | 494 | by Staff reporter
Zimbabwe in top five Bitcoin markets
Zimbabwe has emerged as one of the top five African nations embracing Bitcoin and other digital currencies, according to a report by Equity Axis. This finding coincides with recent efforts by Zimbabwe...Published: 30 Jun 2024 at 18:30hrs | 9 | by Staff reporter
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?Ever since the Zimbabwe government announced a new currency on 5th April 2024, they have never ceased bragging over...Published: 26 Jun 2024 at 20:56hrs | 5 | by Tendai Ruben Mbofana
Zimbabwe's structured currency launch on Friday
IN a bid to address currency volatility and exchange rate-driven inflation badly battering the economy amid arbitrage, the Zimbabwean government will next week launch a "structured currency" which the...Published: 31 Mar 2024 at 20:50hrs | 2 | by Staff reporter
Mnangagwa keeping Zim dollar to oppress Zimbabweans!
Why is the Zimbabwe government so adamant in holding on to a useless currency?On what logic would anyone believe that it is a good idea to continue using money that loses its value nearly on a...Published: 06 Mar 2024 at 23:33hrs | 1 | by Tendai Ruben Mbofana
IMF trashes Zimbabwe inflation statistics
Government last year directed the Zimbabwe National Statistics Agency (Zimstat) to stop publishing local currency indexed inflation and switch to the blended rate, which it said was ideal as the count...Published: 16 Feb 2024 at 15:22hrs | 1 | by Staff reporter
Innovative Ventures: Investing in Startups and High-Yield Bonds
High-risk investments often bear a striking resemblance to the world of casinos—a realm filled with the allure of great rewards and the ever-present risk of substantial losses. In this article, we'l...Published: 27 Nov 2023 at 12:32hrs | 29 | by Staff Reporter
Zimdollar remains volatile
LOCAL financial service firm Fincent Securities Private Limited (Fincent) says the Zimbabwe dollar has lost significant value since the announcement of the disputed election results.From the e...Published: 10 Sep 2023 at 09:00hrs | | by Staff reporter
Forex rate premium falls
THE parallel market exchange rate premium has fallen below 50 percent, as policy interventions by the Government continue to drive appreciation of the Zimbabwe dollar, but pockets of resistance remain...Published: 02 Jul 2023 at 07:37hrs | 11 | by Staff reporter
Zimbabwe imposes new charge on foreign payments
All outward payments from Zimbabwe to any foreign country for the next six months will attract a one percent charge up to a maximum of US$50 000 as part of measures gazetted by President Mnangagwa yes...Published: 15 Jun 2023 at 06:48hrs | 1 | by Staff reporter
Zimbabwe central bank resorts to market determined exchange rate
THE Reserve Bank of Zimbabwe has announced a range of measures to stabilise the exchange rate which include using a market-determined rate to trade foreign currency.The RBZ will from this Wedn...Published: 06 Jun 2023 at 20:05hrs | 7 | by Staff reporter
Jonathan Moyo tackles Mthuli Ncube
EXILED former cabinet minister, Jonathan Moyo has taken a swipe at Finance minister, Mthuli Ncube for turning a blind eye to the deteriorating economic situation as the local currency continues to exp...Published: 25 May 2023 at 06:28hrs | 1 | by Staff reporter
Zimbabwe govt lifts import restrictions on basics
GOVERNMENT has lifted all restrictions on the importation of basic commodities to boost market supplies and granted 100 percent retention of domestic foreign currency earnings, with a further fine-tun...Published: 12 May 2023 at 06:00hrs | 4 | by Staff reporter
Mnangagwa should thank us, says Polad
PRINCIPALS under the Political Actors Dialogue (Polad) have claimed that they rescued the country from total economic collapse after President Emmerson Mnangagwa, after the finance ministry and the Re...Published: 17 Apr 2023 at 06:20hrs | 1 | by Staff reporter
Zesa tariffs up 37%
THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has effected a second electricity tariff increase within a month, triggering consumer outrage.The new tariffs were effect...Published: 06 Apr 2023 at 06:44hrs | 3 | by Staff reporter
More contractors blacklisted over illegal foreign currency deals
The crackdown on companies that channel funds to the illegal foreign currency market has been widened, with 13 more firms being blacklisted for their involvement.In November last year, 19 comp...Published: 04 Apr 2023 at 06:21hrs | 1 | by Staff reporter
Al Jazeera must be onto something big
THE first of a four-part documentary by international news channel Al Jazeera titled Gold Mafia: The Laundry Service has kicked up so much dust that it is now quite possible for many people to complet...Published: 29 Mar 2023 at 06:55hrs | 2 | by Staff reporter
Modern democracy now outdated and in urgent need of reformation!
I am sure every single one of us has some particular obsessions or quirks in life that we appear constantly focused on - possibly, taking precedence over other matters that may also be in our lives....Published: 13 Feb 2023 at 11:35hrs | 2 | by Tendai Ruben Mbofana
What can go wrong with your crypto investment?
It may be virtual money, but the value of a cryptocurrency can never be negative. To put it simply, a cryptocurrency's ...Published: 10 Jan 2023 at 16:16hrs | 31 | by Moyo Roy
'Reserve Bank of Zimbabwe's forex auction shutdown inconsequential'
THE end of year closure of the Reserve Bank of Zimbabwe (RBZ) foreign exchange auction for close to a month will not affect the market because most companies are self-sustaining, analysts said yesterd...Published: 14 Dec 2022 at 06:39hrs | | by Staff reporter
Zimbabwe now one of the fastest growing African economies
ANALYSING Zimbabwe's unconventional economy always proves somewhat cumbersome because it is a country bridled with policy inconsistency, unfavourable operating conditions buoyed by decades of unilater...Published: 02 Dec 2022 at 19:32hrs | 1 | by Respect Gwenzi
Zimdollar to further strengthen?
The Zimbabwe dollar is likely to strengthen as extra strands in the policies to decrease the amount of local currency in bank accounts, while increasing the amount of foreign currency in official mark...Published: 20 Sep 2022 at 06:02hrs | 4 | by Staff reporter
Zimbabwe gold coins to be afforded by all
THE Government is planning to introduce smaller gold coins denominations amid revelations that at least Z$8 billion worth of the coins have been bought by locals since they were launched by the Reserv...Published: 18 Sep 2022 at 16:53hrs | 2 | by Staff reporter
Chamisa flags barren Zanu-PF leadership
Citizens Coalition for Change (CCC) leader Nelson Chamisa has dismissed government's 2022 Mid-Term budget statement as a blatant certification to citizen poverty adding the fiscal blueprint was reflec...Published: 04 Aug 2022 at 22:32hrs | 12 | by Staff reporter
Chamisa slams gold coins introduction in Zimbabwe
CITIZENS Coalition for Change leader, Nelson Chamisa, has slammed the introduction of gold coins, saying they are a conduit for corruption, and called for the country to return to exclusive use of the...Published: 03 Aug 2022 at 18:53hrs | 2 | by Staff reporter
Mthuli Ncube, Mangudya's unenviable task
I do not envy Finance and Economic Development Minister Professor Mthuli Ncube and the Reserve Bank of Zimbabwe Governor Dr John Mangudya.The two gentlemen must be having a torrid time....Published: 24 Jul 2022 at 09:59hrs | 13 | by Victoria Ruzvidzo
Zimbabwe's forex currency crisis worsens
An outlet in Harare's Graniteside industrial area has been turning away customers using local currency through point of sale (POS) platforms on the pretext that they are experiencing network failure....Published: 05 Jun 2022 at 09:16hrs | 10 | by Staff reporter
Panic as fuel shortages loom in Zimbabwe
A FUEL crisis is looming as major dealers say they are struggling to stock up because of foreign currency shortages, which they say are threatening their viability.Fuel dealers say they may be...Published: 26 May 2022 at 06:27hrs | 2 | by Staff reporter
Zimbabwe: Class IN itself versus Class FOR itself
US goose versus NED ganderTHERE is always more to write about than there is space to publish. Last week I had to drop two key matters, to allow myself to address in extenso what I sought to ra...Published: 21 May 2022 at 17:53hrs | 2 | by Staff reporter
RBZ auction rate reaches $258
The auction rate, the weighted average of successful bids on the Reserve Bank of Zimbabwe foreign currency auction for productive businesses, fell from $173,2685 to the US dollar last week to $258,540...Published: 18 May 2022 at 06:18hrs | 2 | by Staff reporter
The latest risks & opportunities in the cryptocurrency market
The cryptocurrency markets never stand still. For some, that is their greatest feature, but for others, it's what stands in the way of mass adoption of alternative currencies. What are the latest risk...Published: 28 Apr 2022 at 16:20hrs | 26 | by Staff Writer
Temba Mliswa calls for return of the US Dollar
Norton Member of Parliament Temba Mliswa says the introduction of the United States Dollar as a single currency is the best salvation to the revival of Zimbabwe's economy. In a Twitter thread ...Published: 26 Apr 2022 at 10:24hrs | 6 | by Mandla Ndlovu
Potraz records increase in revenue
The Postal and Telecommunication Regulatory Authority of Zimbabwe (Potraz), recorded significant revenue growth in all service markets in 2021 but also spent a lot more.Presenting the 20...Published: 13 Apr 2022 at 06:35hrs | | by Staff reporter
Stanbic posts impressive results for year end 2021
Leading financial services institution, Stanbic Bank has shrugged off the adverse effects of the COVID-19-induced lockdowns to post an inflation adjusted ...Published: 30 Mar 2022 at 08:12hrs | 14 | by Agencies
'Auction system creating fresh public debt'
ZIMBABWE'S foreign currency system could be creating fresh debts for Zimbabweans who could be forced to settle them in the future, former Finance minister Tendai Biti warned yesterday.Biti, wh...Published: 30 Mar 2022 at 07:24hrs | | by Staff reporter
Zimbabwe's annual inflation seen spiking to 105%
OLD Mutual has projected that Zimbabwe's inflation will close the year at 105%, way above what was anticipated by authorities.The central bank projected the country's annual inflation ra...Published: 10 Mar 2022 at 06:10hrs | | by Staff reporter
CZI calls for market determined exchange rate
THE Confederation of Zimbabwe Industries (CZI) has called on the Government to explore modalities of a market-determined exchange rate to promote enabling environment for business to operate in....Published: 09 Mar 2022 at 06:55hrs | | by Staff reporter
Econet raises bundle prices
Econet Wireless Zimbabwe, the country's largest mobile network operator (MNO) yesterday adjusted its promotional bundle prices by at least 20%.The adjustment, which does not include the headli...Published: 27 Jan 2022 at 04:41hrs | | by Staff reporter
Zimbabwean telcos planning tariff hike
Like most sectors of the economy, the telecommunications industry is expected to review its pricing in the coming days in response to rising operating costs, analysts and industry sources say....Published: 22 Jan 2022 at 05:25hrs | 1 | by Staff reporter
Zimbabwe cellular operators hike tariffs
Mobile network operators in the country have adjusted promotional bundles in response to rising industry wide operating costs which grew by 15,8 percent to $8,9 billion in the second quarter of 2021, ...Published: 20 Oct 2021 at 07:32hrs | 1 | by Staff reporter
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