Search / Currency
Zimbabwe Must Seize the Opportunity to Attract Investment as South Africa Faces Agricultural and Economic Shifts
The ongoing upheaval in South Africa regarding the removal of white farmers and the broader implications for the country's investment climate present a unique opportunity for Zimbabwe. While the polit...Published: 19 Feb 2025 at 13:13hrs | 483 | by Marilyn Mutize
NSSA chairman embroiled in underhand Rainbow Tourism Group takeover bid
NATIONAL Social Security Authority (Nssa) chairman Emmanuel Fundira, who is former chairman of African Sun Limited, and an ex-Rainbow Tourism Group (RTG) senior executive Paula January are accused of ...Published: 18 Feb 2025 at 20:01hrs | 1330 | by NewsHawks
OK Zimbabwe begins restocking after weeks of empty shelves
Troubled retailer OK Zimbabwe has announced that it has started restocking its outlets following weeks of empty shelves and temporary closures due to macroeconomic challenges, particularly exchange ra...Published: 17 Feb 2025 at 12:37hrs | 1666 | 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 | 250 | by Staff reporter
Zimsec opens registration for 2025 exams
The Zimbabwe School Examinations Council (ZIMSEC) has officially opened registration for the June and November 2025 Ordinary and Advanced Level examinations. Candidates have been urged to visit their ...Published: 17 Feb 2025 at 08:56hrs | 524 | 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
'Bombshell' Geza intensifies his efforts to derail the ED2030 project
Tensions are running high within the ruling Zanu-PF party as central committee member and outspoken war veteran Blessed "Bombshell" Geza intensifies his efforts to derail the ED2030 project, aimed at ...Published: 14 Feb 2025 at 06:08hrs | 2051 | by Staff reporter
Zimbabwe govt announces subsidized 2025 ZIMSEC exam fees
The Government of Zimbabwe has revealed the 2025 Zimbabwe School Examinations Council (ZIMSEC) examination fees for both Ordinary Level (O-Level) and Advanced Level (A-Level) candidates, with signific...Published: 13 Feb 2025 at 14:02hrs | 1348 | by Staff reporter
Zesa owes US$350m for Kariba South renovations
Zimbabwe's power utility, Zesa Holdings (Zesa), is grappling with a staggering US$350 million debt for renovations at the Kariba South Power Station, as its foreign currency obligations continue to hi...Published: 13 Feb 2025 at 13:55hrs | 184 | by Staff reporter
Zimbabwe vendors required to use POS machines
The Government has introduced a directive requiring all vendors to use Point of Sale (POS) machines and open bank accounts as part of their registration process. This initiative, implemented in collab...Published: 13 Feb 2025 at 06:30hrs | 391 | by Staff reporter
Zambia to introduce new banknotes on March 31, 2025
The Bank of Zambia (BoZ) has announced the introduction of new banknotes and coins for the Zambian kwacha, set to launch on March 31, 2025. This marks a significant update to the nation's currency, ai...Published: 12 Feb 2025 at 19:44hrs | 1037 | by Staff reporter
Zimbabwe's power deficit soars to 1,560 megawatts
Zimbabwe is grappling with a worsening power crisis, with the country's electricity deficit now standing at a staggering 1,560 megawatts (MW), according to a new report from Parliament's Portfolio Com...Published: 12 Feb 2025 at 15:27hrs | 390 | 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 in massive maize, wheat imports
Zimbabwe has imported 1.3 million metric tonnes of maize and wheat through the private sector to alleviate ongoing shortages caused by poor land utilisation, lack of funding, inadequate farming capaci...Published: 12 Feb 2025 at 11:21hrs | 176 | by Staff reporter
Mnangagwa's Cabinet resolves to corner vendors
As Zimbabwe's economy continues to spiral downward, the government has introduced a series of controversial measures aimed at taxing the struggling informal sector and vendors to boost state revenue. ...Published: 12 Feb 2025 at 11:21hrs | 1243 | 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 | 733 | by Staff reporter
Zimbabwe's 2024 foreign currency receipts top US$13bn
Zimbabwe's foreign currency inflows grew by 21 percent in 2024, reaching US$13.3 billion compared to US$11 billion in 2023, driven primarily by an increase in export proceeds, according to the Reserve...Published: 12 Feb 2025 at 06:35hrs | 202 | by Staff reporter
I'm not prepared to continue suffering until 2030!
Zimbabwe, under President Emmerson Mnangagwa, has sank deeper into poverty.Granted, when President Emmerson Mnangagwa took power in November 2017 through a military coup, Zimbabwe was already ...Published: 10 Feb 2025 at 22:56hrs | 1154 | by Tendai Ruben Mbofana
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 | 1945 | 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 | 228 | 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 | 171 | 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 | 1430 | 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 | 579 | 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 | 3920 | 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 | 895 | 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
Bulawayo Mayor rules out quick fix for City's deteriorating roads
Bulawayo Mayor David Coltart has acknowledged that the city's worsening road network crisis will not be resolved anytime soon due to a severe financial shortfall. The municipality requires approximate...Published: 07 Feb 2025 at 06:38hrs | 229 | 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 | 391 | 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
Shunned by the West, Zimbabwe's UAE gamble hands economy a lifeline
Zimbabwean President Emmerson Mnangagwa's six years of wooing the United Arab Emirates has given a lifeline to a nation that the West has ostracised for a quarter century and is unable to repay its lo...Published: 06 Feb 2025 at 09:12hrs | 1307 | by Staff reporter
Mnangagwa touches off storm over US deportations
President Emmerson Mnangagwa has caused a stir after publicly backing United States President Donald Trump's decision to deport over 500 undocumented Zimbabweans, as part of the Trump administration's...Published: 06 Feb 2025 at 08:19hrs | 705 | by Staff reporter
Mnangagwa returns with battered image?
President Emmerson Mnangagwa has officially returned to active duty after his annual leave, but his comeback is marred by intense political and economic turbulence. While Mnangagwa was on leave, Vice ...Published: 05 Feb 2025 at 12:11hrs | 1625 | by Staff reporter
Zimbabwe's Manhize steel plant hits key milestone
The US$1.5 billion Manhize Steel Plant, located in the Midlands province, has officially commenced the production of reinforced steel bars (rebars), marking a significant milestone in Zimbabwe's indus...Published: 05 Feb 2025 at 11:48hrs | 854 | 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 | 350 | by Staff reporter
The futility of Zimbabwe's crackdown on the informal sector
The Zimbabwean government has once again embarked on a futile mission to regulate the informal sector, a behemoth that has long outgrown the state's capacity to control it.In a desperate bid t...Published: 01 Feb 2025 at 21:32hrs | 1012 | by Tendai Ruben Mbofana
Mnangagwa's govt accused of Intellectual Property theft
Zimbabwe's government is embroiled in a heated dispute with Time Bank after the financial institution accused authorities of infringing on its intellectual property rights. The bank claims that govern...Published: 01 Feb 2025 at 14:03hrs | 2001 | by Staff reporter
Zimbabwe's retail sector crisis worsens as shops continue closing
Zimbabwe's retail sector is facing an unprecedented crisis, with several major retailers and wholesalers forced to close branches amid a series of economic challenges. This Thursday, President Emmerso...Published: 01 Feb 2025 at 08:57hrs | 2005 | by Staff reporter
Emerging markets opening up away from the UK as regulations continue to hit the casino industry
When an entertainment avenue enjoys such a meteoric rise into the limelight, it can be easy to be swept along with the success of it. For the iGaming industry, the past years have proved extremely fru...Published: 30 Jan 2025 at 21:21hrs | 30 | by Staff reporter
Betting Shops vs Betting Apps: Which Is Better in 2025?
We've all been there - standing in line at a betting shop, feeling the energy of the crowd, the buzz in the air. But then you think, "Isn't it easier to just ...Published: 30 Jan 2025 at 21:20hrs | 88 | by Staff reporter
Zimbabwe's inflation surges to 11.6% in January 2025
Zimbabwe's weighted month-on-month inflation rate surged by 10.5 percentage points in January 2025, reaching 11.6 percent from 1.1 percent in December 2024, according to figures released by the Zimbab...Published: 30 Jan 2025 at 06:38hrs | 97 | by Staff reporter
Delta challenges US$73 million tax assessments by ZIMRA
LISTED beverages giant, Delta Corporation Limited, is contesting tax assessments issued by the Zimbabwe Revenue Authority (ZIMRA) for amounts the company believes should have been payable exclusively ...Published: 30 Jan 2025 at 06:38hrs | 279 | 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 | 1329 | by Staff reporter
Zimbabwe inflation rises sharply in January
Zimbabwe's inflation rate rose sharply in January in both U.S. dollar and local currency terms, spurred by food and housing prices.In dollar terms inflation accelerated to 14.6% year on year a...Published: 28 Jan 2025 at 21:53hrs | 1336 | 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 | 1077 | by Staff reporter
DOP leader slams Zimbabwe opposition
Harry Peter Wilson, the founder and leader of the Democratic Official Party (DOP), has delivered a scathing critique of Zimbabwe's opposition parties, accusing them of failing to challenge the ruling ...Published: 24 Jan 2025 at 07:57hrs | 201 | by Staff reporter
Buy Zimbabwe raises concerns over retail sector challenges
Buy Zimbabwe has raised concerns about the challenges facing the retail sector, stating that these obstacles are hindering efforts to promote locally-produced goods.Over the past few weeks, ma...Published: 20 Jan 2025 at 10:17hrs | 83 | by Staff reporter
ED can achieve vision 2030 earlier if he obsessed over it as he did extending his presidency
President Emmerson Mnangagwa's bid to extend his presidency beyond the constitutionally mandated two five-year terms has sparked intense debate, particularly given the justification being touted for t...Published: 18 Jan 2025 at 11:10hrs | 279 | by Tendai Ruben Mbofana
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 | 1181 | by Staff reportetr
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 | 3092 | by Staff reporter
Load More Stories
