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Stanbic Bank reports strong half-year 2025 profit after tax of ZWG682.2 million

Stanbic Bank Zimbabwe achieved a profit after tax of ZWG682.2 million for the half-year ended 30 June 2025, demonstrating robust growth and resilience in a challenging operating environment.This is a significant increase from the ZWG27.1 m…

Published: 01 Sep 2025 at 15:00hrs | 123 | by Staff Reporter

Mnangagwa has failed the youths, through Mutoriro and Kambwa

As far as Zimbabwe is concerned things are not appealing ranging from economic, social to political discourse. The government of Zimbabwe is supposed to start now to lay out robust and effective mechanisms that will drive out the country f…

Published: 20 Mar 2023 at 09:11hrs | 2 | by General Franco

Government is right on not adopting American dollar as major currency

Calls on government to do away with our own currency, the Zimbabwe dollar/bond, should be ignored by the ED led government.Taking a look back at our neighbours, notably Zambia and Mozambique, they never discarded their currencies , the for…

Published: 09 Jun 2022 at 10:27hrs | 9 | by AT Kadada

Monetary policy inconsistency sinking economy

On the 17th of May 2022, the Reserve Bank of Zimbabwe (RBZ) issued a circular cancelling the order announced by the head of state on the suspension of bank lending one week earlier. The head of state had earlier pointed that the presidenti…

Published: 08 Jun 2022 at 07:19hrs | 4 | by Victor Bhoroma

Mangudya retains confidence at the Central Bank

From the time Zimbabwe switched from inter-bank market for foreign currency to an auction system, which is largely driven by market. The idea is to determine market exchange rate. The bids come from users of foreign and they effectively re…

Published: 05 Nov 2020 at 16:02hrs | 2 | by Tinashe Eric Muzamhindo

Zim Parliament barking up wrong tree on auction system

An all too familiar joke that has been doing the rounds ever since Zimbabwe's economy hit turbulence is that every citizen of this country has become an economist of sorts. This places the burden of filtering inferior suggestions on the ad…

Published: 30 Sep 2020 at 10:47hrs | | by Dr Tim Rainhard

Foreign currency shortages derail renewable energy firm's efforts to complete project

INDEPENDENT power producer, Nyangani Renewable Energy, says foreign currency shortages as well as economic challenges dogging Zimbabwe were hindering its efforts to complete a solar energy project aimed at contributing 10 megawatts to the …

Published: 07 Aug 2019 at 08:20hrs | 1 | by STaff Reporter

ZANU PF Lack of Consultation Dragging Zimbabwe into the Abyss

The announcement of Statutory Instrument 142 of 2019 which outlawed the use of multi-currency system that has been in operation since 2009, adds another chapter, or rather a new low in ZANU PF's non-consultative approach to governance.A ca…

Published: 27 Jun 2019 at 21:38hrs | | by Farai Maguwu and Darlington Nyambiya

A case for subsidies in the mining sector

Zimbabwe racked in US$3.2 billion from mineral exports in 2018, a figure which represents 76% of the country's official total export earnings. This year the government has set the target at US$4.2 billion, which if attained would mean addi…

Published: 11 Jun 2019 at 09:35hrs | 6 | by Victor Bhoroma

Payment of duty in foreign currency is justified

Presenting the 2019 national budget last week under the theme, "Austerity for Prosperity," Minister of Finance and Economic Development, Professor Mthuli Ncube announced a raft of measures which include payments of customs duty on motor ve…

Published: 26 Nov 2018 at 18:48hrs | 1 | by Brian Johnson Mutonhori

The cherry on top of the 2019 National Budget

There were recent media reports to the effect that confusion ensued at Zimbabwe's ports of entry, as luxury vehicle importers refused to pay excise duty in foreign currency in line with the new regulations announced by the Minister of Fina…

Published: 26 Nov 2018 at 07:30hrs | | by Mapozho Saruchera

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