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Govt workers stage a flash protest at Mthuli Ncube's office
Civil servants staged a flash protest yesterday at the New Government Complex before marching to the offices of the Ministry of Finance, Economic Development and Investment Promotion in Harare, pressi...Published: 15 Jul 2025 at 08:20hrs | 694 | by Staff reporter
Zimbabwe cannot fund large-scale projects without monetary autonomy
Zimbabwe's economic debate is often framed through the lens of inflation control, exchange rate stability, and the day-to-day functionality of the US dollar in domestic transactions.Yet, benea...Published: 01 Jul 2025 at 12:05hrs | 191 | by Brighton Musonza
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
ZiG inflation rises to 92%
Zimbabwe's annual inflation measured in the local currency (ZiG) surged to 92.1% in May 2025, up from April's 85.7%, signaling growing challenges for the Reserve Bank of Zimbabwe (RBZ) in containing t...Published: 31 May 2025 at 14:04hrs | 1102 | by Staff reporter
Social unrest warning for South Africa
The uMkhonto weSizwe (MK) Party has issued a stern warning to the South African government, threatening widespread protests if the revised budget - set to be presented on Wednesday, 12 March - include...Published: 11 Mar 2025 at 17:13hrs | 1985 | by Staff reporter
ZCTU declares 2024 'annus horribilis' for workers, govt showdown looms
The Zimbabwe Congress of Trade Unions (ZCTU) has sharply criticized the government for what it describes as an "annus horribilis" for workers, outlining a series of grievances that have left the labor...Published: 23 Dec 2024 at 05:54hrs | 609 | by Staff reporter
All eyes on Professor Mthuli Ncube
As Zimbabwe prepares for the presentation of the 2025 National Budget, all eyes are on Finance, Economic Development, and Investment Promotion Minister, Professor Mthuli Ncube. The Budget, which serve...Published: 27 Nov 2024 at 08:13hrs | 1090 | by Staff reporter
IMF cautions Zimbabwe
ZIMBABWE won't solve its economic challenges via the gold-backed ZiG currency that it launched in April and has since had to devalue, the International Monetary Fund said."There's a tendency t...Published: 27 Oct 2024 at 12:30hrs | 4019 | by Staff reporter
Is Zimbabwe about to create land oligarchs?
The government, through Information minister Jenfran Muswere, has announced a significant shift in land policy, declaring that state land, previously offered to local indigenous people under the "land...Published: 21 Oct 2024 at 11:06hrs | 708 | by Admire Maparadza Dube
Taxes, fees to be paid in ZiG
The Zimbabwean Treasury is set to implement new measures requiring most taxes and fees to be paid exclusively in the Zimbabwe Gold (ZiG) currency, a move aimed at increasing demand and stabilizing its...Published: 17 Oct 2024 at 09:05hrs | 2526 | by Staff reporter
World Bank says Zimbabwe needs economic stability to advance debt talks
Zimbabwe needs an uninterrupted period of macroeconomic stability of at least 12 months to help advance debt talks with international creditors over $21 billion it owes, the World Bank said.Ha...Published: 17 Sep 2024 at 06:52hrs | 409 | by Staff reporter
Mthuli Ncube makes bold measures to anchor ZiG stability
The Government has introduced measures to enhance the stability of the Zimbabwe Gold (ZiG) currency, promote its use, and provide tax relief to boost consumer spending and production. In the Mid-Term ...Published: 26 Jul 2024 at 06:32hrs | 367 | by Staff reporter
Zimbabwe's new currency requires bold measures to succeed
JOHN Mushayavanhu, the new Reserve Bank of Zimbabwe (RBZ) governor, yesterday put his head on the block declaring that "not under my watch" will the apex stray from its core functions as he launched a...Published: 06 Apr 2024 at 08:10hrs | | by Staff reporter
Zimbabwe mobile operators' revenues up by 95%
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) recorded a 95,3% growth in mobile operator revenue to $850,8 billion in the third quarter owing to inflationary gains....Published: 24 Dec 2023 at 16:10hrs | 14 | by Staff reporter
Mthuli Ncube increases toll fees by 150% in US$ terms
Due to limited resources, Finance and Investment Promotion Minister, Mthuli Ncube, has presented a 2024 National Budget totaling ZWL58.2 trillion, implementing deep tax measures to address financial c...Published: 30 Nov 2023 at 20:08hrs | 14 | by Staff reporter
Professor Ncube readies Zimbabwe's budget
AS Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, readies to present the 2024 National Budget tomorrow, expectations are high that it will consolidate prevail...Published: 29 Nov 2023 at 05:08hrs | 16 | by Staff reporter
Zimbabwe targeting Zimdollar return in 5 years
Zimbabwe will continue to put in place measures to entrench the use of the domestic currency because having its own currency forms the basis for sustainable economic growth and development, President ...Published: 06 Sep 2023 at 19:09hrs | 2 | by Staff reporter
Next Zimbabwe President faces uphill task
ZIMBABWE is facing a host of pressing challenges that voters dearly want the next president to address. Persistently high inflation, elevated interest rates, and a slumping and volatile Zimbabwe dolla...Published: 17 Aug 2023 at 06:52hrs | 14 | by Jonathan Munemo
Zimbabwe's inflation drops to 101.3%
Zimbabwe's annual inflation eased to 101,3 percent in July from 175,8 percent in the prior month as the local unit continued to firm against the United States dollar and riding on tight fiscal and mon...Published: 26 Jul 2023 at 06:38hrs | 2 | by Staff reporter
Zimra surpasses revenue target
The Zimbabwe Revenue Authority (Zimra) collected $1,99 trillion in net revenue last year, 14 percent above the target of $1,60 trillion spurred by milestones registered in the agricultural sector....Published: 24 Jul 2023 at 06:46hrs | 1 | by Staff reporter
Numbers don't lie, facts are stubborn mules
THINK of a bowl of soup; you don't have to take it all to feel the taste but just a spoonful, such is the case with opinion polls that have concluded that if elections are held today, President Mnanga...Published: 13 Jul 2023 at 06:59hrs | 2 | by Staff reporter
We have neglected Manicaland for too long Mr President Sir
On the 24th of June 2023, the President and First secretary of Zanu-PF, Cde ED Mnangagwa, will launch the Zanu PF campaign foundation upon which this year’s election bid will be built upon in Chipin...Published: 23 Jun 2023 at 16:29hrs | 3 | by Jacob Kudzayi Mutisi
Dollarisation key at this juncture
THE instability in the country's macroeconomic environment is a serious cause for concern and solutions should be sought as a matter of urgency.Macroeconomics is a branch of economics that stu...Published: 15 Jun 2023 at 06:49hrs | 1 | by Johannes Marisa
Zimdollar rescue mission too late
THE surprise move by Zimbabwe's fiscal and monetary authorities to liberalise the foreign exchange policy after months of shillyshallying amid a fixed rate could be a case of closing the stable door a...Published: 12 Jun 2023 at 06:45hrs | 3 | by Staff reporter
RBZ in bid to calm run on banks over currency fears
The Reserve Bank of Zimbabwe on Friday sought to calm a run on banks, insisting that depositors' funds were safe.Thousands of panicky Zimbabweans lined up in bank queues to withdraw their Unit...Published: 10 Jun 2023 at 17:53hrs | 2 | by Staff reporter
Economic sanctions continue to place Zimbabwe further into unsustainable debt
Finance minister Enoch Godongwana says the government supports Zimbabwe's implementation of key reforms to resolve its debt problems and end 21 years of sanction.If successful, such moves can ...Published: 26 May 2023 at 16:26hrs | 1 | by Staff reporter
Ncube frets over runaway forex rate
FINANCE minister Mthuli Ncube this week threatened to hike Zimbabwe's policy rate beyond 200%, if companies continue to dabble into parallel market activities.The Treasury chief, who spoke dur...Published: 28 Apr 2023 at 07:04hrs | 1 | by Staff reporter
Businesses ditch Zimdollar
GOVERNMENT yesterday threatened to unleash the Financial Intelligence Unit (FIU) on retailers refusing payment in the local currency or limiting the number of items consumers can buy in Zimdollar, whi...Published: 28 Apr 2023 at 07:04hrs | 1 | by Staff reporter
Zanu-PF 'will win a comfortable majority' claims Fitch Solutions
THE ruling party, Zanu-PF, "will win a comfortable majority" in this year's harmonised elections and "remain the dominant political party force in Zimbabwe over the coming years", according to New Yor...Published: 26 Feb 2023 at 09:09hrs | 3 | by Staff reporter
Zimbabwe military plots to position Chiwenga to replace Mnangagwa after the polls
A UNITED KINGDOM-based research firm has waded into Zimbabwe's highly volatile political arena predicting that while the ruling Zanu-PF will most likely retain power in the next general elections, the...Published: 19 Feb 2023 at 18:15hrs | 3 | by Staff reporter
World Bank says Zimbabwean economy to maintain modest growth in 2023
Zimbabwe's economy is projected to grow at a modest growth rate in 2023 against a weakening global economic growth outlook, according to the World Bank.Speaking at the Economic and Business Ou...Published: 09 Feb 2023 at 05:11hrs | 2 | by Staff reporter
Mthuli Ncube unveiled ZW$4,5 trillion 2023 budget
FINANCE Minister, Mthuli Ncube Thursday unveiled a total ZW$4,5 trillion 2023 budget, which will see salaries and operational costs eroding a huge chunk of the money.Very little resources were...Published: 24 Nov 2022 at 18:53hrs | 2 | by Staff reporter
World Bank commends Mthuli Ncube's bold economic reforms
GLOBAL financier, the World Bank (WB) has heaped praise on Zimbabwe for continuously implementing bold economic reforms more recently saying the initiatives had positioned the economy for a sound perf...Published: 16 Oct 2022 at 19:23hrs | | by Staff reporter
'Allocate more funds for Nkayi projects'
GOVERNMENT has been urged to increase funding in the 2023 budget to ensure speedy completion of the Bulawayo-Nkayi Road and Ziminya Dam projects, which would enhance economic activity and create more ...Published: 04 Oct 2022 at 06:08hrs | 1 | by Staff reporter
Mnangagwa warns divisive elements
AHEAD of the War Veterans League elective conference next month, President Mnangagwa has called for democratic contestation and acceptance of results, saying divisive tendencies have no place in the r...Published: 25 Aug 2022 at 06:33hrs | | by Staff reporter
Mthuli Ncube told to come clean on IMF funds
FINANCE minister Mthuli Ncube has been told to come clean on the utilisation and disbursement of the International Monetary Fund (IMF) Special Drawing Rights (SDR) funds.The Budget and Finance...Published: 22 Aug 2022 at 07:09hrs | 2 | by Staff reporter
Biti as he shreds Mthuli Ncube's supplementary budget
"We have been there before, in 2006, 2007 and 2008, once you begin to budget in trillions, you must know you have lost it. You must know that you have now become an innocent by-stander to the economy....Published: 21 Aug 2022 at 08:50hrs | 10 | by Staff reporter
Mthuli Ncube, civil servants meet over salaries
PUBLIC Service minister Paul Mavima has invited more than 40 public service unions to a meeting to discuss salaries and conditions of service today.Finance minister Mthuli Ncube is expected to...Published: 01 Aug 2022 at 06:37hrs | 2 | by Staff reporter
Mthuli Ncube to present supplementary budget for 2022
Zimbabwean Finance Minister Mthuli Ncube is due to present the 2022 supplementary budget Thursday, amid skyrocketing inflation that has since eroded this year's national budget.In addition to ...Published: 26 Jul 2022 at 20:43hrs | 3 | by Staff reporter
Scotland pushes to be independent from colonial Britain
Scotland's leader told lawmakers in Edinburgh Tuesday that she plans to hold a fresh referendum on Scotland's independence on Oct. 19, 2023 - even though U.K. Prime Minister Boris Johnson maintains it...Published: 29 Jun 2022 at 07:55hrs | 3 | by Associated Press
Interbank rate now sole legal rate, huge penalties for breaches
The interbank exchange rate has been set as the sole exchange rate to be used in commercial and other transactions and anyone selling goods and services, who uses any other rate faces a minimum civil ...Published: 29 Jun 2022 at 07:42hrs | 1 | by Staff reporter
Zanu-PF gangs up against Mnangagwa
ZIMBABWE'S worsening economic situation has reportedly ratcheted pressure on President Emmerson Mnangagwa from within his ruling Zanu-PF party to find quick solutions as the country heads into the ele...Published: 27 Jun 2022 at 08:15hrs | 2 | by Staff reporter
Zanu PF gangs up against Mnangagwa
ZIMBABWE'S worsening economic situation has reportedly ratcheted pressure on President Emmerson Mnangagwa from within his ruling Zanu PF party to find quick solutions as the country heads into the ele...Published: 27 Jun 2022 at 07:12hrs | 10 | by Staff Reporter
'No crisis in Zimbabwe'
FINANCE minister Mthuli Ncube has said "all is well" in Zimbabwe and dismissed claims that the southern African country is in the throes of an economic crisis.Speaking in an off-the-cuff...Published: 09 Jun 2022 at 06:42hrs | 14 | by Staff reporter
Dollarization will lead to 'very nasty' events for Zimbabwe
FINANCE minister Mthuli Ncube has said the banking sector will be wiped out, causing a cash crisis if Zimbabwe ever fully dollarizes.This follows growing calls for government to adopt the USD ...Published: 08 Jun 2022 at 18:15hrs | 8 | by Staff reporter
'The Reserve Bank of Zimbabwe is not creating money'
The Sunday Mail Editor Victoria Ruzvidzo (VR) had a no-holds-barred interview with RBZ Governor Dr John Mangudya (JM) on the latest developments in the economy, among them suspension of bank lending, ...Published: 05 Jun 2022 at 09:00hrs | 3 | by Staff reporter
'Zimbabwe Reserve Bank is not creating money'
The Sunday Mail Editor Victoria Ruzvidzo (VR) had a no-holds-barred interview with RBZ Governor Dr John Mangudya (JM) on the latest developments in the economy, among them suspension of bank lending, ...Published: 22 May 2022 at 08:26hrs | 14 | by Staff reporter
'The Reserve Bank is not creating money'
The Sunday Mail Editor Victoria Ruzvidzo (VR) had a no-holds-barred interview with RBZ Governor Dr John Mangudya (JM) on the latest developments in the economy, among them suspension of bank lending, ...Published: 15 May 2022 at 06:12hrs | 12 | by Staff reporter
'Zimbabwe has $28 billion reserve money' Mnangagwa says
Zimbabwe has ZWL28 billion in reserve money, President Emmerson Mnangagwa has said. The President made the revelations through an OP-ED that was published in the state-owned Sunday Mail yesterday. ...Published: 02 May 2022 at 10:06hrs | 1 | by Mandla Ndlovu
'Measures to defend Zimdollar soon'
Government will soon announce a raft of measures to stabilise and defend the Zimbabwe dollar against emerging inflationary pressures, some of which are unwarranted as the economy is relatively in good...Published: 01 May 2022 at 11:10hrs | 1 | by Staff reporter
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