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IMF sees signs of recovery in Zimbabwe
Zimbabwe is showing early signs of economic recovery and macroeconomic stabilization, buoyed by recent policy reforms and improved fiscal management, according to the International Monetary Fund (IMF)...Published: 24 Jul 2025 at 16:53hrs | 709 | by Staff reporter
Professor Mugano's meeting with RBZ Governor raises eyebrows
Outspoken economist and long-time government critic Professor Gift Mugano has surprised many after expressing praise for the Reserve Bank of Zimbabwe (RBZ) and its team following a meeting with the ce...Published: 24 Jul 2025 at 15:31hrs | 1663 | by Staff reporter
Money laundering costs Zimbabwe US$6,5bn
Zimbabwe has lost an estimated US$6.15 billion to money laundering-related crimes over the past five years, with car dealerships, gold smuggling, and entrenched corruption networks topping the list of...Published: 22 Jul 2025 at 08:49hrs | 184 | by Staff reporter
Zimbabwe asset managers shift away from equities
The Securities and Exchange Commission of Zimbabwe (SecZim) has called on the Zimbabwe Stock Exchange (ZSE) to urgently work on recovering lost market share, amid revelations that local asset managers...Published: 11 Jul 2025 at 09:15hrs | 516 | 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 | 83 | by Staff reporter
Harare council faces scandal over $500m lost on delays
Harare City Council has allegedly lost close to US$500 million since 2019 due to the delayed implementation of a modern Enterprise Resource Planning (ERP) system, amid explosive allegations of corrupt...Published: 07 Jul 2025 at 08:40hrs | 77 | by Staff reporter
Zimbabwe govt under fire over TBs mismanagement
The Zimbabwean government is facing renewed criticism over its handling of Treasury Bills (TBs), amid allegations of corruption, regulatory manipulation, and financial mismanagement that have raised a...Published: 01 Jul 2025 at 08:16hrs | 503 | by Staff reporter
Zimbabwe among most targeted in cyber attacks
Zimbabwe is increasingly becoming a hotspot for cyberattacks, with experts warning of rising threats to data security and urging urgent action to strengthen the country's digital defences.Spea...Published: 27 Jun 2025 at 09:27hrs | 172 | 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
ZiG usage surges to half of all transactions in Zimbabwe
Nearly half of all transactions processed through Zimbabwe's National Payment System are now being conducted in Zimbabwe Gold (ZiG), marking a dramatic rise in adoption of the country's gold-backed cu...Published: 22 Jun 2025 at 11:05hrs | 1785 | by Staff reporter
Mushayavanhu under fire for outdated monetary assumptions
Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu is facing mounting criticism over his persistent claim that the ZiG, Zimbabwe's embattled local currency, can only be strong if it is backed b...Published: 20 Jun 2025 at 16:32hrs | 493 | by Staff reporter
Mukuru named among top cross-border payment providers
Mukuru, a leading next-generation financial services platform, has once again secured its position among the world's most influential cross-border payment providers, earning a spot on the 2025 F...Published: 19 Jun 2025 at 11:25hrs | 252 | 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 | 171 | 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
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
New high-quality ZiG banknotes on the way
The Reserve Bank of Zimbabwe (RBZ) is set to introduce a new series of improved Zimbabwe Gold (ZiG) banknotes in denominations of ZiG10, ZiG20, ZiG50, ZiG100, and ZiG200, Governor John Mushayavanhu ha...Published: 03 Jun 2025 at 11:53hrs | 855 | by Staff reporter
RBZ defends Zimbabwe forex surrender requirements
The Reserve Bank of Zimbabwe (RBZ) has reaffirmed the importance of current foreign exchange surrender requirements, emphasizing their critical role in supporting key economic sectors that lack direct...Published: 01 Jun 2025 at 14:37hrs | 2006 | by Staff reporter
Cash-hoarding cripples Zimbabwe banking sector
Zimbabwe's banking sector is under immense strain due to a severe liquidity crisis, with billions of dollars being hoarded outside the formal financial system by wealthy individuals. This alarming dev...Published: 29 May 2025 at 13:18hrs | 721 | by Staff reporter
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
Zimbabwe, IMF talks underway
Zimbabwe has entered into preliminary discussions with the International Monetary Fund (IMF) for a new Staff-Monitored Programme (SMP), marking a significant step toward restoring the country's econom...Published: 18 May 2025 at 11:51hrs | 166 | by Staff reporter
Danny Jordaan scared of Namhla Mphelo
Former SAFA media officer Namhla Mphelo has responded to allegations claiming that she leaked information regarding a R10 million payment made to the association's president, Danny Jordaan.Mph...Published: 17 May 2025 at 18:26hrs | 568 | by Staff reporter
Smuggling takes toll on Zimbabwe economy
A sharp increase in smuggling and unregulated imports is intensifying illicit financial flows (IFFs) in Zimbabwe, severely undermining the country's formal retail sector. Authorities have recently pro...Published: 16 May 2025 at 10:41hrs | 399 | by `
RBZ moves to boost ZiG use
The Reserve Bank of Zimbabwe (RBZ) has launched a bold initiative to boost the circulation of the Zimbabwean currency, ZiG, in a bid to address widespread currency shortages and reduce the country's d...Published: 14 May 2025 at 10:11hrs | 3822 | by Staff reporter
It's high time foreign governments took the lead in investigating Zimbabwe's corrupt elite
The Zimbabwe ruling elite clearly won't act against high-level corruption.There is something profoundly disturbing about the silence of Zimbabwean authorities in the wake of the damning exposĂ...Published: 03 May 2025 at 11:48hrs | 631 | by Tendai Ruben Mbofana
Zoho Corp injects $15 million into Zimbabwe's digital future
Indian cloud software giant Zoho Corporation has announced a $15 million investment in Zimbabwe aimed at accelerating the digital transformation of small and medium enterprises (SMES) and large organi...Published: 01 May 2025 at 10:39hrs | 240 | by Staff reporter
Zimbabwe unveils fund to support value chains
The Government of Zimbabwe has launched the Industrial Development Fund (IDF) to support the strengthening of domestic value chains, promote industrial growth, and increase the export of value-added g...Published: 24 Apr 2025 at 07:20hrs | 69 | by Staff reporter
Banks smile all the way to the bank, while depositors bear cost of high fees
Shareholders in Zimbabwe's banking sector are enjoying robust returns on their investments, as banks continue to post strong profits and declare sizeable dividends. However, concerns are mounting amon...Published: 13 Apr 2025 at 09:46hrs | 637 | by Staff reporter
Hoarding cash undermines Zimbabwe economy
Stashing cash in safe deposit boxes, a practice often used to secure valuables, is adversely affecting the smooth functioning of the economy by diverting funds away from productive sectors, according ...Published: 13 Apr 2025 at 09:38hrs | 174 | by Staff reporter
Maid cries foul after son's exam fees vanishes
The soft swish of a mop echoes through a spacious Waterfalls home in Harare, each stroke a part of Sharon Nyemba's daily rhythm. At 45, Nyemba is a domestic worker and single mother whose calloused ha...Published: 12 Apr 2025 at 15:39hrs | 1762 | by Staff reporter
Mnangagwa calls on accountants to safeguard national resources
President Emmerson Mnangagwa has called on local accountants to serve as trustworthy gatekeepers of national resources in a bid to curb fraud and corruption, which continue to drain the country's fina...Published: 12 Apr 2025 at 13:08hrs | 61 | by Staff reporter
NetOne expands OneMoney to boost rural financial inclusion
One of Zimbabwe's largest mobile network providers, NetOne, is ramping up its financial inclusion efforts by expanding its OneMoney agent network and increasing remittance partnerships in rural areas....Published: 02 Apr 2025 at 15:51hrs | 561 | by Staff reporter
RBZ to swoop on currency hoarders
The Reserve Bank of Zimbabwe (RBZ) is set to crack down on businesses and individuals hoarding money in cash deposit boxes at banks, homes, and business premises. Authorities are concerned that such p...Published: 02 Apr 2025 at 08:47hrs | 574 | by Staff reporter
Mnangagwa's attempts at portraying Zimbabwe and Cuba as 'sanctions victims' is absurd as Havana succeeds where Harare fails
The Zimbabwe regime appears unable to stop ridiculing itself on the global stage.The recent visit to Zimbabwe by the President of the National Assembly of People's Power and the Council of Sta...Published: 05 Mar 2025 at 16:29hrs | 903 | by Tendai Ruben Mbofana
Zimbabwe central bank urges banks to increase ZiG lending
With the Zimbabwe Gold (ZiG) currency now largely stable, the Reserve Bank of Zimbabwe (RBZ) has urged banks to increase lending in ZiG, assuring financial institutions that the risk of depreciation h...Published: 01 Mar 2025 at 08:56hrs | 205 | by Staff reporter
Zimbabwe's gold reserves dwarfed by regional counterparts
Zimbabwe's gold reserves stood at 85,842.38 ounces (2.67 tonnes) as of December 31, 2024, valued at $223.8 million, according to an audit by BDO. The figures, based on international market prices, ref...Published: 13 Feb 2025 at 12:21hrs | 412 | 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 | 1193 | by Tendai Ruben Mbofana
How to access regulated platforms and manage desktop-based trading safely
Online trading has developed into a widely used financial activity supported by various technologies. Traders now rely on structured platforms and tools to carry out transactions securely and effe...Published: 30 Jan 2025 at 21:17hrs | 17 | by Staff reporter
Zimbabwe's banking sector sees surge in US dollar deposits
Zimbabwe's banking sector has experienced a remarkable increase in confidence, with foreign currency deposits rising by 13% to US$2.64 billion in October 2024, compared to the same period in 2023. Thi...Published: 14 Dec 2024 at 12:35hrs | 2179 | 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
Zimbabwe's Banking Sector and No Arrests Years Down the Line
United Merchant Bank (UMB) - Closed in 1998 due to insider loans and mismanagement.Universal Merchant Bank (UMB) - Closed in 2003 struggled with negative perceptions after UMB's collapse....Published: 05 Dec 2024 at 20:15hrs | 307 | by Engineer Jacob Kudzayi Mutisi
Zimbabwe's errant bankers must be punished
Vocal Harare political activist and business advocate, Engineer Jacob Mutisi, has called for stringent accountability for bankers and financial institutions involved in the mismanagement and fraudulen...Published: 05 Dec 2024 at 09:19hrs | 1416 | by Staff reporter
Zimbabwe's banking sector and no arrests years down the line
United Merchant Bank (UMB) - Closed in 1998 due to insider loans and mismanagement.Universal Merchant Bank (UMB) - Closed in 2003 struggled with negative perceptions after UMB's collapse....Published: 05 Dec 2024 at 09:07hrs | 618 | by Eng. Jacob Kudzayi Mutisi
Harare City Council loses US$70m per year
The Harare City Council could be losing over US$70 million annually in uncollected revenue due to the absence of a modern Enterprise Resource Planning (ERP) financial system, according to suspended to...Published: 30 Nov 2024 at 12:51hrs | 338 | by Staff reporter
Surge in US$ cash transactions triggers spike in armed robberies in Zimbabwe
Zimbabwe is experiencing an alarming rise in armed robberies, with the increasing use of US dollar cash transactions making businesses, banks, and individuals prime targets for criminals. Violent atta...Published: 27 Nov 2024 at 06:50hrs | 260 | by Staff reporter
ZiG spawns upheavals in insurance industry
Insurers have been scrambling to reassure policyholders as market jitters resurface in the wake of the introduction of Zimbabwe Gold (ZiG) in April. With memories of the devastating currency shifts in...Published: 24 Nov 2024 at 10:13hrs | 257 | by Staff reporter
Zimbabwe calls for unconditional removal of sanctions at UN Conference
Minister of Justice, Legal and Parliamentary Affairs, Ziyambi Ziyambi, is leading a Zimbabwean delegation at a high-level United Nations conference to advocate for the removal of sanctions imposed on ...Published: 21 Nov 2024 at 06:16hrs | 134 | by Staff reporter
Council in US$2,1m billing system storm
The Harare City Council recently bypassed a locally-developed enterprise resource planning (ERP) system, opting instead to pay US$2.1 million to a foreign vendor, prompting public criticism. The rejec...Published: 11 Nov 2024 at 07:02hrs | 154 | by Staff reporter
ZiG remains fully legal and operational, says RBZ
The Reserve Bank of Zimbabwe (RBZ) has reassured the public that the Zimbabwe Gold (ZiG) currency remains fully legal and operational, dismissing concerns about potential regulatory gaps. This clarifi...Published: 28 Oct 2024 at 17:12hrs | 1032 | by Staff reporter
US Ambassador agrees that Zimbabwe was under sanctions
In a recently published op-ed, US Ambassador to Zimbabwe, Pamela M. Tremont, provided clarity on the sanctions imposed on Zimbabwe, emphasizing the limited scope and specific targets of these measures...Published: 25 Oct 2024 at 12:54hrs | 610 | by Ambassador Pamela M. Tremont
BRICs payment system being tested
A new digital payments system, BRICS Pay, debuted for live testing at this week's BRICS Business Forum at the International Trade Center in Moscow.During the trial - on 17 and 18 October - for...Published: 19 Oct 2024 at 15:54hrs | 1762 | by Staff reporter
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