Search / Economic recovery
Zimbabwe gold makes currency history
Welcome Mavingire, managing consultant at INTELLEGO Investment Consultants, has hailed the Zimbabwe Gold (ZiG) currency's recent stability as the longest sustained period for a domestic currency in th...Published: 14 Jul 2025 at 08:10hrs | 705 | by Staff reporter
RBZ disburses ZiG350 million to key sectors
The RBZ announced it has disbursed ZiG350 million under its Targeted Finance Facility (TFF) to support key sectors of the economy, primarily manufac...Published: 14 Jul 2025 at 07:54hrs | 214 | by Staff reporter
Zimbabwe women's bank opens 11 000 accounts in 2024
The Zimbabwe Women Microfinance Bank (ZWMB) opened 11,120 new savings accounts in 2024 as part of the Government's ongoing push to promote financial inclusion and empower marginalized groups - particu...Published: 08 Jul 2025 at 09:52hrs | 81 | 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 | 311 | by Staff reporter
Youths defends Tagwirei
The Zimbabwe Youth Action Platform (ZYAP) has come out strongly in defence of prominent businessman Reginald Kuda Tagwirei, denouncing what it describes as a "desperate smear campaign" launched by for...Published: 02 Jul 2025 at 18:32hrs | 1191 | by Staff reporter
Zesa rebundling begins
Mutapa Investment Fund (MIF) has initiated the process of rebundling ZESA Holdings, aiming to streamline operations, enhance efficiency, and reduce costs within Zimbabwe's struggling electricity secto...Published: 29 Jun 2025 at 11:21hrs | 7416 | by Staff reporter
Chiwenga warns tenderprenuers, 'The day of reckoning is inevitable'
Zimbabwe's Vice President, General (Retired) Constantino Chiwenga, has issued a stern warning to corrupt businesspeople, declaring that their "day of reckoning is undoubtedly coming" as the government...Published: 26 Jun 2025 at 17:05hrs | 1457 | by Staff reporter
Zimbabwe's businesses sound alarm over volatile ZiG
Zimbabwe's business leaders have expressed deep concern over the persistent volatility of the Zimbabwe Gold (ZiG) currency, warning that ongoing instability is crippling industrial growth and eroding ...Published: 26 Jun 2025 at 11:21hrs | 1072 | by Staff reporter
Zimra surpasses revenue target by 10%
The Zimbabwe Revenue Authority (Zimra) has exceeded its 2024 revenue collection target by 10.26%, raking in ZWG116.47 billion against a projected ZWG105.63 billion, according to its latest annual repo...Published: 25 Jun 2025 at 14:33hrs | 112 | by Staff reporter
Mthuli Ncube under pressure to ease tax burden
Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube is facing mounting pressure from business leaders and economists to overhaul Zimbabwe's tax regime, with demands ...Published: 19 Jun 2025 at 11:24hrs | 1281 | by Staff reporter
Zimbabwe rebuilds correspondent banking ties
The Bankers Association of Zimbabwe (BAZ) has confirmed that some regional and niche international financial institutions have begun cautiously re-engaging with Zimbabwean banks, following the lifting...Published: 19 Jun 2025 at 07:10hrs | 153 | by Staff reporter
Zimbabwe central bank raises ZWG$5.9 billion via treasury bills
The Reserve Bank of Zimbabwe (RBZ) has raised ZWG$5.9 billion through Treasury Bill (TB) issuances and private placements in 2024, as the government intensifies its domestic borrowing to fund operatio...Published: 12 Jun 2025 at 19:00hrs | 192 | by Staff reporter
Zimbabwe's grain deliveries surge
The Government has reported a significant increase in grain and oilseed deliveries to the Grain Marketing Board (GMB) for the 2024-2025 summer production season, signalling a positive outlook for nati...Published: 11 Jun 2025 at 13:22hrs | 229 | by Staff reporter
IMF wants Zimbabwe's gold-backed ZiG to become sole currency
The International Monetary Fund (IMF) has expressed support for the full adoption of Zimbabwe's new currency, the Zimbabwe Gold (ZiG), as the country pushes to secure a staff-monitored program (SMP) t...Published: 11 Jun 2025 at 09:05hrs | 1156 | by Staff reporter
Zimbabwe gold reserves rises 12%
The Reserve Bank of Zimbabwe (RBZ) has announced that its gold reserves have grown by 12% to over 3.1 tonnes since March this year, bolstering the country's efforts to build a more stable foreign exch...Published: 06 Jun 2025 at 12:06hrs | 108 | by Staff reporter
Zimbabwe mining offenders to lose titles under new enforcement drive
Mines and Mining Development Minister Winston Chitando has issued a stern warning to Zimbabwe's mining industry, declaring that operators who flout environmental and legal regulations will lose their ...Published: 06 Jun 2025 at 12:05hrs | 269 | by Staff reporter
Silent jobs massacre sweeps through Zimbabwe
A silent but brutal jobs massacre is sweeping across Zimbabwe's construction industry, as companies contracted by the government for key infrastructure projects plunge into financial turmoil due to ch...Published: 06 Jun 2025 at 12:04hrs | 261 | by Staff reporter
Kariba turns into ghost town
The eastern shoreline of Kariba, once a crown jewel in Zimbabwe's tourism industry, is fast slipping into obscurity as tourism operators flee the area amid plummeting visitor numbers, collapsing infra...Published: 06 Jun 2025 at 12:04hrs | 11462 | by Staff reporter
Zimbabwe exporters sound alarm over tough new forex rules
Zimbabwean exporters are facing fresh turbulence following the government's move to tighten foreign currency controls - scrapping critical export incentives and enforcing tougher surrender requirement...Published: 05 Jun 2025 at 11:34hrs | 2964 | by Staff reporter
IMF kicks off crucial talks in Zimbabwe
A high-level delegation from the International Monetary Fund (IMF) has begun formal meetings with Zimbabwean authorities, launching a critical mission to assess the country's reform trajectory under t...Published: 05 Jun 2025 at 11:33hrs | 603 | by Staff reporter
ZNCC calls for urgent policy reform
The Zimbabwe National Chamber of Commerce (ZNCC) has issued a strong call for urgent policy reforms to revive the country's struggling economy, warning that businesses cannot thrive under the current ...Published: 31 May 2025 at 13:48hrs | 74 | by Staff reporter
Nestlé injects US$7 million into Zimbabwe cereal production
Global food and beverage giant Nestlé has announced a US$7 million investment to expand its cereal manufacturing operations in Harare, reinforcing Zimbabwe's strategic role as a regional production h...Published: 29 May 2025 at 17:47hrs | 206 | by Staff reporter
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
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 | 420 | by `
Zimbabwe sees $2.6bn bridge finance in place by early 2026
Zimbabwe anticipates securing $2.6 billion in bridge financing by the first quarter of next year, a crucial step needed to repay debt owed to international financial institutions and regain access to ...Published: 28 May 2025 at 10:51hrs | 118 | by Staff reporter
Isaac Moyo, Matanga, Sanyatwe, Ncube, ZDI removed from UK sanctions list
The United Kingdom (UK) has officially removed former Central Intelligence Organisation (CIO) head Isaac Moyo, Police Commissioner General Godwin Matanga, former army commander Anselem Sanyatwe, Minis...Published: 28 May 2025 at 10:42hrs | 182 | by Staff reporter
Zimbabwe's economic reforms gain momentum with IMF deal
Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, has announced that Zimbabwe expects to secure a Staff Level Agreement (SLA) with the International Monetary Fun...Published: 28 May 2025 at 10:38hrs | 99 | by Staff reporter
Tshabangu seals 2030 agenda deal
Citizens Coalition for Change (CCC) interim secretary-general Sengezo Tshabangu has told legislators aligned to his faction that he has secured a deal that would allow them to remain in Parliament bey...Published: 22 May 2025 at 09:30hrs | 533 | by Staff reporter
NMBZ finalises US$70m external credit lines
Zimbabwe Stock Exchange-listed financial services group NMBZ Holdings is on the verge of securing external lines of credit worth over US$70 million, as part of its broader strategy to unlock US$100 mi...Published: 19 May 2025 at 09:19hrs | 84 | by Staff reporter
Zimbabwe mining industry to grow by 7% in 2025
Zimbabwe's mining industry is projected to grow by more than 7 percent in 2025, spurred by stellar performances in gold and coal production, according to the Chamber of Mines of Zimbabwe (CoMZ)....Published: 18 May 2025 at 11:48hrs | 279 | by Staff reporter
Zimbabwe's trade deficit widens by 28%
Zimbabwe's trade deficit ballooned to US$543 million in the first quarter of 2025, marking a 28% increase from the US$424 million recorded during the same period last year, according to the latest fig...Published: 17 May 2025 at 14:01hrs | 107 | by Staff reporter
Mnangagwa offers Lukashenko minerals
President Emmerson Mnangagwa has extended an invitation to Belarusian President Aleksandr Lukashenko to explore Zimbabwe's vast mineral wealth, as part of efforts to revive the country's struggling ec...Published: 16 May 2025 at 09:44hrs | 123 | by Staff reporter
'Zimbabwe govt must protect citizens from corruption'
Zimbabwe Congress of Trade Unions (ZCTU) vice-president Valentine Chikosi has called on the government to urgently act against rampant corruption, warning that unchecked graft is inflicting severe har...Published: 05 May 2025 at 15:45hrs | 59 | by Staff reporter
CZI urges companies to reduce idle capacity
Confederation of Zimbabwe Industries (CZI) chief executive officer, Ms Sekai Kuvarika, has called on Zimbabwe's manufacturing sector to reduce unutilised capacity as a key strategy to lower production...Published: 30 Apr 2025 at 07:14hrs | 291 | by Staff reporter
Bulawayo-Victoria Falls road upgrade to begin next month, claims govt
The long-awaited rehabilitation of the Bulawayo-Victoria Falls Road is finally taking shape, with Government confirming that construction work is set to commence next month. The project, which is expe...Published: 29 Apr 2025 at 18:45hrs | 4553 | by Staff reporter
Geza stay away takes the shine off from trade fair?
The curtain came down yesterday on the 2024 edition of the Zimbabwe International Trade Fair (ZITF) in Bulawayo, with mixed reactions as concerns were raised over the low turnout of both exhibitors an...Published: 28 Apr 2025 at 12:40hrs | 476 | by Staff reporter
Zimbabwe courts energy sector investors
Zimbabwe is seeking to attract US private sector investment to rejuvenate its energy sector, with key Government officials outlining an ambitious blueprint for the future during the World Bank's Sprin...Published: 28 Apr 2025 at 12:18hrs | 31 | by Staff reporter
Bulawayo firm urged to seize lithium battery opportunities
A Bulawayo-based engineering company, VEET Engineering, has been encouraged to tap into the booming global market for lithium batteries and contribute to Zimbabwe's industrial growth and economic reco...Published: 25 Apr 2025 at 08:22hrs | 352 | by Staff reporter
Minister Ndlovu calls for collaboration to achieve rapid industrialisation
The Zimbabwean government is intensifying efforts to reduce the high cost of doing business and tackle the smuggling of counterfeit products, which have been negatively impacting the country's manufac...Published: 24 Apr 2025 at 07:22hrs | 46 | by Staff reporter
IMF, World Bank urged to back Zimbabwe economic recovery efforts
Former Mozambican President Dr Joaquim Chissano and African Development Bank (AfDB) President Dr Akinwumi Adesina have called on the International Monetary Fund (IMF) and the World Bank to support Zim...Published: 23 Apr 2025 at 08:29hrs | 137 | by Staff reporter
'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: 14 Apr 2025 at 09:20hrs | 3714 | 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: 13 Apr 2025 at 12:23hrs | 10306 | by Staff reporter
Bulawayo turns to researchers for solutions to water crisis
The City of Bulawayo is intensifying its efforts to address persistent water shortages by embracing research-led strategies in collaboration with local academic institutions and experts. The drive was...Published: 10 Apr 2025 at 09:04hrs | 321 | by Staff reporter
Zimbabwe white former farmers start receiving compensation
The Government of Zimbabwe has begun compensating white former commercial farmers whose land was repossessed during the Land Reform Programme, marking a pivotal step in the country's efforts to resolv...Published: 10 Apr 2025 at 09:01hrs | 91 | by Staff reporter
Who benefits from Zanu-PF infighting?
In the past 48 hours, Zimbabwe's political landscape has been rocked by the deepening infighting within the ruling Zanu-PF party, with the removal of key military figure Lieutenant-General Anselem San...Published: 27 Mar 2025 at 06:37hrs | 1250 | by Staff reporter
Five Years Since Zimbabwe's Lockdown
Five years ago, Zimbabwe, like the rest of the world, entered an unprecedented period of lockdown due to the COVID-19 pandemic. What began as a temporary measure to curb the spread of the virus soon e...Published: 25 Mar 2025 at 21:54hrs | 306 | by Engineer Jacob Kudzayi Mutisi
Wutawunashe likens protest against Mnangagwa to crucifixion of 'Jesus'
Prominent religious leader Prophet Andrew Wutawunashe has cautioned against growing calls for protests aimed at removing President Emmerson Mnangagwa, likening such efforts to the crucifixion of a "Je...Published: 24 Mar 2025 at 13:36hrs | 1913 | by Staff reporter
Mnangagwa, Chiwenga clash over succession plans
Zanu-PF held a high-stakes Politburo meeting in Harare yesterday, marking a crucial point in the ongoing power struggle between President Emmerson Mnangagwa and Vice-President Constantino Chiwenga. Th...Published: 06 Mar 2025 at 15:14hrs | 6041 | by Staff reporter
Lake Kariba water levels rise
Water levels at the Kariba Dam, which is shared by Zimbabwe and Zambia, have seen a steady increase in recent months, providing a glimmer of hope for both countries as they grapple with power shortage...Published: 03 Mar 2025 at 13:05hrs | 30300 | by Staff reporter
Zimbabwe among Africa's fastest-growing economies in 2025
Zimbabwe is expected to be one of Africa's fastest-growing economies this year, with the African Development Bank (AfDB) forecasting a 5.3 percent growth rate.This strong projection is slightl...Published: 26 Feb 2025 at 07:42hrs | 376 | by Staff reporter
Load More Stories
