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RBZ reveals strategy towards shift to mono-currency
Zimbabwe's central bank is stepping up efforts to build up foreign currency reserves in preparation for a planned transition to a mono-currency regime by 2030, Reserve Bank of Zimbabwe (RBZ) Governor ...Published: 4 hrs ago | 183 | by Staff reporter
'Surge in forex inflows a boon for ZiG stability'
Zimbabwe's foreign currency receipts surged by 22 percent to US$6 billion in the first five months of 2025, according to the Reserve Bank of Zimbabwe (RBZ), a development anal...Published: 14 Jul 2025 at 07:52hrs | 134 | by Staff reporter
Zimbabwe central bank reports drop in inflation
The Reserve Bank of Zimbabwe (RBZ) has expressed cautious optimism about the country's economic trajectory, citing encouraging signs in inflation control, exchange rate stability, and foreign currency...Published: 10 Jul 2025 at 10:11hrs | 179 | by Staff reporter
Zimbabwe's foreign currency reserves surge
Zimbabwe's foreign currency reserves have maintained strong momentum, with the Reserve Bank of Zimbabwe (RBZ) reporting that, by the end of June 2025, the reserve holdings were more than three times h...Published: 10 Jul 2025 at 08:56hrs | 128 | by Staff reporter
RBZ to launch diaspora-backed securities
The Reserve Bank of Zimbabwe (RBZ) is preparing to introduce securitised financial instruments backed by diaspora remittances, a bold move aimed at unlocking over US$1 billion in annual inflows ...Published: 04 Jul 2025 at 12:41hrs | 315 | by Staff reporter
Job losses plague Zimbabwe's retail, mining sectors
Zimbabwe is facing a deepening employment crisis, with thousands of workers losing their jobs across the retail and mining sectors, as worsening power shortages, policy inconsistencies, and a sluggish...Published: 20 Jun 2025 at 17:31hrs | 98 | by Staff reporter
CBDs struggle as suburbs gain traction
Zimbabwe's property market is grappling with a complex mix of economic pressures and changing tenant preferences, according to a recent report by Knight Frank.Vacancy rates in prime urban area...Published: 10 Jun 2025 at 08:47hrs | 314 | by Staff reporter
Zimbabwe to benefit from surge in remittances
Zimbabwe stands to gain significantly from a projected surge in remittance inflows into Africa, with the African Development Bank (AfDB) forecasting that the continent will receive US$100 billion in r...Published: 30 May 2025 at 08:58hrs | 131 | by Staff reporter
Africa set to attract $100 billion in remittance inflows
The African Development Bank (AfDB) has projected that Africa will receive approximately US$100 billion in remittance inflows in 2025, as the continent positions itself to harness the full potential o...Published: 29 May 2025 at 10:20hrs | 27 | by Staff reporter
Zimbabwe turns to sugar, fast foods, and booze for revenue
Zimbabwe's Treasury is relying heavily on taxes imposed on sugar, fast food, and alcoholic beverages to recoup hundreds of millions of dollars lost following sharp cuts in official development assista...Published: 28 May 2025 at 11:02hrs | 421 | by `
Delta highlights Zimbabwe's economic
Delta Corporation, Zimbabwe's leading brewer and soft drinks manufacturer, has painted a stark picture of the nation's economy, highlighting its persistent fragility despite signs of resilience in con...Published: 16 May 2025 at 15:03hrs | 674 | by Staff reporter
ZDVI to engage legislators as WhatsApp ground is created for diaspora and MPs interaction before 31 March 2025
Zimbabwe Diaspora Vote Initiative To Engage All Stakeholder - Starts with Legislators as WhatsApp Ground is Created for Diaspora and MPs Interaction as Musicians are Called to Amplify the Call for Dia...Published: 26 Mar 2025 at 22:57hrs | 500 | by ZDVI
Diaspora remittances surge 7,5% in February
Diaspora remittances to Zimbabwe grew by 7.5 percent in February 2025, reaching US$165 million, up from US$153.8 million in the same month last year. The increase highlights the continued importance o...Published: 26 Mar 2025 at 06:46hrs | 114 | by Staff reporter
How Trump's Paris Climate Agreement withdrawal impacts Zimbabwe and the path forward
THE decision by U.S. President Donald Trump to withdraw the United States from the Paris Climate Agreement this year has once again sent shockwaves across the global community.While the move w...Published: 18 Feb 2025 at 20:16hrs | 923 | by Tendai Ruben Mbofana
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 | 261 | by Staff reporter
Mukuru expanding into deposit-taking microfinance institution
Zimbabwe's rapidly growing remittance sector has prompted several money transfer platforms to diversify their services, with Mukuru Financial Services Zimbabwe Limited becoming the latest to be licens...Published: 19 Dec 2024 at 16:56hrs | 502 | by Staff reporter
Zimbabwe's cash reserves cannot cover a month
The Zimbabwe National Chamber of Commerce (ZNCC) has raised alarm over the country's dwindling foreign currency reserves, warning that the current US$540 million is insufficient to cover even a single...Published: 06 Dec 2024 at 18:10hrs | 649 | by Staff reporter
Mnangagwa reaffirms Zimbabwe's commitment to Tripartite Dialogue
President Mnangagwa has reaffirmed the Zimbabwean Government's dedication to maintaining dialogue under the Tripartite Negotiating Forum (TNF), an initiative praised by the International Labour Organi...Published: 04 Dec 2024 at 06:37hrs | 212 | by Staff reporter
Zimbabwe forex receipts jumps 17.9% to $10 billion in 2024
Zimbabwe recorded a remarkable 17.9% increase in foreign currency receipts in the first nine months of 2024, reaching US$10 billion compared to US$8.5 billion during the same period in 2023. This grow...Published: 02 Dec 2024 at 07:17hrs | 97 | by Staff reporter
SA-based Diaspora Kapita to issue US$10m bond in Zimbabwe
South Africa-based investment holding firm Diaspora Kapita (DK) is set to make waves in the Zimbabwean financial landscape as it prepares to list on the Victoria Falls Stock Exchange (VFEX) and raise ...Published: 02 Dec 2024 at 07:16hrs | 198 | by Staff reporter
RBZ assures bonus payments will not disrupt economic stability
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu has assured that the payment of civil servant bonuses ahead of the festive season will not affect price stability or the exchange rate....Published: 01 Dec 2024 at 08:50hrs | 104 | by Staff reporter
Mthuli Ncube's budget is anti-people, anti-business and anti-Zimbabwe
Citizens Coalition for Change Statement on 2025 budget statement The recent national budget proposal exposes the Zanu-PF government's obnoxious penchant to compulsorily expropriate people's mo...Published: 30 Nov 2024 at 13:28hrs | 87 | by Willias Madzimure
Zimbabweans abroad sent home US$1,9 billion in 9 months
Zimbabweans living abroad sent a record-breaking US$1.9 billion back home in the first nine months of 2024, marking a significant 16.5% increase from the US$1.6 billion remitted in the same period las...Published: 29 Nov 2024 at 07:17hrs | 382 | by Staff reporter
Diasporas gift Tsholotsho with private school
A dedicated group of Zimbabweans based in South Africa has mobilized resources to construct a state-of-the-art private boarding and day school in the Tsholotsho district of Matabeleland North province...Published: 29 Oct 2024 at 07:39hrs | 577 | by Staff reporter
Zimbabwe sees US$16.3 billion in diaspora remittances over a decade
Zimbabwe has experienced a significant influx of diaspora remittances, totaling US$16.3 billion over the past ten years, as more Zimbabweans living abroad send money back home to support their familie...Published: 28 Oct 2024 at 07:05hrs | 402 | by Staff reporter
High passport fees may hinder Zimbabwe's remittance flows
The Zimbabwe Banks and Allied Workers Union (Zibawu) has raised concerns that the country's high passport fees could significantly impede remittance flows by restricting citizens' migration opportunit...Published: 18 Oct 2024 at 12:30hrs | 3931 | by Staff reporter
Matebeleland South tops in diaspora remittances
Matebeleland South province has emerged as the top region in Zimbabwe for households receiving remittances or gifts from abroad, primarily due to a significant number of its youth migrating to South A...Published: 14 Oct 2024 at 08:52hrs | 712 | by Staff reporter
5 reasons Zimbabwean diaspora should choose Remitly
The flow of remittances to Zimbabwe is substantial, with diaspora remittances estimated at over US$1 billion annually, accounting for approximately 16% of the country's total foreign exchange receipts...Published: 11 Oct 2024 at 16:00hrs | 363 | by Staff reporter
Chiwenga says Zimbabwe's monetary policy is in line with SADC integration
Zimbabwe's advancements in the gold sector, including the adoption of a floating exchange rate framework, align closely with the Southern African Development Community's (SADC) goal of achieving regio...Published: 14 Sep 2024 at 16:13hrs | 910 | by Staff reporter
Chiwenga backs ZiG
Zimbabwe's monetary policy framework, coupled with the introduction of a stable currency, the Zimbabwe Gold (ZiG), has fostered transactional simplicity, certainty and predictability in the country's ...Published: 13 Sep 2024 at 13:10hrs | 2085 | by Staff reporter
BCC developing a new diaspora policy
The Bulawayo City Council (BCC) is developing a new diaspora policy to engage Zimbabweans living abroad, aiming to harness their financial resources for local development and address challenges in fun...Published: 09 Sep 2024 at 08:14hrs | 234 | by Staff reporter
RBZ has no plans to grab foreign currency received from diaspora
The Reserve Bank of Zimbabwe (RBZ) has dismissed rumors that it plans to forcefully withhold all foreign currency from diaspora remittances. This follows a viral vid...Published: 17 Aug 2024 at 12:53hrs | 1371 | by Staff reporter
Zimbabwe gets IOM backing to engage nationals abroad
Zimbabwe has received support from the International Organisation for Migration (IOM) to enhance its engagement with nationals living abroad. This initiative is part of the Southern African Migration ...Published: 01 Aug 2024 at 09:10hrs | 209 | by Staff reporter
Zimbabwe foreign currency remittances hit US$1,2 billion
FOREIGN currency remittances surged by 16,5% to hit a record US$1,2 billion in the first half of 2024 leaving diasporans standing out as lucrative foreign currency earners for the economy.The ...Published: 26 Jul 2024 at 06:39hrs | 519 | by Staff reporter
Zimbabwe diaspora remittances up 17%
In the first quarter of the year, diaspora remittances to Zimbabwe surged by 17%, reaching US$490 million compared to US$420 million during the same period in 2023. This increase in remittances is see...Published: 18 Jul 2024 at 06:41hrs | 171 | by Staff reporter
Why Zimbabwe should break free from the US dollar's grip
Government Up Close"Normalcy is that a country must have its own currency," President Mnangagwa is on record highlighting this fact.Some people have argued that one of the gravest fina...Published: 11 Jul 2024 at 14:10hrs | 65 | by Nick Mangwana
Zimbabwe diaspora remittances up 18%
The Zimbabwean government's engagement with its diaspora community has resulted in an 18% increase in remittances in the first quarter of the year compared to the same period last year. This achieveme...Published: 08 Jul 2024 at 10:41hrs | 4 | by Staff reporter
Zimbabwe wants to send English teachers to South Korea
Zimbabwe has initiated negotiations with South Korea to be recognized as an English-speaking country, aiming to create job opportunities for local English teachers in the affluent Asian nation, accord...Published: 03 Jun 2024 at 13:39hrs | 8 | by Staff reporter
Mnangagwa must introduce a diaspora ministry
GOOD day, President Emmerson Mnangagwa. Your Excellency, it is my sworn submission that your recent resurrection of the War Veterans ministry is suggestive of aberrations. As I see it, the decision is...Published: 27 Sep 2023 at 06:18hrs | | by Cyprian Muketiwa Ndawana
Russian investor prospects for gold, diamonds in Tsholotsho
The Russian conglomerate and the world's leading diamond producer, Alrosa Mining, have awarded a contract to Titan Drilling International for exploration operations focused on gold and diamonds in Tsh...Published: 21 Sep 2023 at 06:09hrs | 3 | by Staff reporter
Zimbabweans in diaspora pin voting hopes on 10th parliament
The Zimbabwe Diaspora Vote Initiative (ZDVI) is calling on the country's 10th parliament to amend the Electoral Amendment Act, allowing Zimbabweans living abroad to participate in general elections. T...Published: 19 Sep 2023 at 06:34hrs | 1 | by Staff reporter
Zimbabwe foreign currency receipts up US$5,5 billion
ZIMBABWE's foreign currency receipts reached US$5, 5 billion in the first half of 2023 driven by exports and diaspora remittances among other top earners, the Reserve Bank of Zimbabwe (RBZ) latest Mon...Published: 27 Aug 2023 at 09:51hrs | 3 | by Staff reporter
Zimbabwe suffers brain drain due to fragile political environment, faltering economy
ZIMBABWE has gone through severe economic fluctuations and deadly political violence that brought the entire economy to a standstill.Of particular mention is the 2007/8 record hyperinflation f...Published: 25 Aug 2023 at 06:28hrs | 1 | by Zimbabwe Coalition on Debt and Develpment
Zanu-PF can be defeated if the Zimbabwe diaspora returns home to vote
AS Zimbabwe holds its decisive elections on August 23, there are important reflections to ponder on this event, one of which is what role the diaspora must play in the weeks leading up to the election...Published: 11 Aug 2023 at 06:43hrs | 7 | by Stevens Mokgalapa
Let's vote against those blocking diaspora vote
THE Zimbabwe Diaspora Vote Initiative salutes South Africa's Economic Freedom Fighters (EFF) leader Julius Malema for urging Zimbabweans living in the neighbouring country to make the trip back home a...Published: 13 Jul 2023 at 07:03hrs | 1 | by Staff reporter
Zimbabwe Diaspora Vote Initiative salutes Julius Malema for encouraging Zimbabweans to go back home
The Zimbabwe Diaspora Vote Initiative salutes South Africa's Economic Freedom Fighters (EFF) leader Julius Malema for urging Zimbabweans living in South Africa to make the trip back home and participa...Published: 11 Jul 2023 at 23:50hrs | 27 | by Zimbabwe Diaspora Vote Initiative
Remittances anchor Zimbabwean economy
THE World Bank recently released global diaspora remittance statistics, which show that expatriates from low and middle-income countries sent over US$647 billion to their home countries in 2022....Published: 07 Jul 2023 at 07:52hrs | 15 | by Victor Bhoroma
Zimbabweans must vote against unpatriotic MPs
WE, the Zimbabwe Diaspora Vote Initiative, a non-partisan group of Zimbabweans living abroad, feel betrayed by Zanu PF parliamentarians and President Emmerson Mnangagwa for failing to amend the Electo...Published: 27 Jun 2023 at 07:00hrs | 5 | by Zimbabwe Diaspora Vote Initiative
Zimbabwe consumer demand remains firm despite currency depreciation
DEMAND within Zimbabwe's consumer sector will remain firm, supported by the informal sector, which makes up the bulk of the economy and shows resilience to macro-economic changes, a research firm has ...Published: 19 Jun 2023 at 06:43hrs | 2 | by Staff reporter
Continued increase in diaspora remittances signal rising poverty in Zimbabwe
The marked rise in diaspora remittances into Zimbabwe actually does not signal economic growth - but, as a matter of fact, increased povertyYet, it is always baffles the mind whenever the Zimb...Published: 30 May 2023 at 22:36hrs | 3 | by Tendai Ruben Mbofana
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