Search / Foreign currency
Zimbabwe's gold exports soar
Zimbabwe's gold exports surged to US$1,385 billion in the first seven months of 2025, a 60,5 percent increase from the US$863,1 million recorded during the same period last year, according to the late...Published: 56 mins ago | 17 | by Staff reporter
RBZ begins production of redesigned ZiG banknotes
The Reserve Bank of Zimbabwe (RBZ) has commenced production of redesigned ZiG banknotes, set to enter circulation soon as part of the central bank's de-dollarisation roadmap, which targets a transitio...Published: 26 Aug 2025 at 07:55hrs | 480 | by Staff reporter
RBZ to engage mobile operators on currency parity
The Reserve Bank of Zimbabwe (RBZ) has announced plans to work with mobile network operators to ensure parity in trading between the local gold-backed Zimbabwe Gold (ZiG) currency and the US dollar un...Published: 25 Aug 2025 at 06:00hrs | 418 | by Staff reporter
RBZ guarantees US$ contracts beyond 2030
The Reserve Bank of Zimbabwe (RBZ) has reassured markets that U.S. dollar contracts will remain valid even after the government's 2030 de-dollarisation deadline, a major policy shift aimed at preventi...Published: 24 Aug 2025 at 19:19hrs | 355 | by Staff reporter
ASIF endorses Mutapa Investment Fund
The African Sovereign Investors Forum (ASIF) has formally welcomed the Mutapa Investment Fund (MIF) as its newest member, marking a significant milestone for Zimbabwe's sovereign wealth fund.F...Published: 23 Aug 2025 at 14:58hrs | 153 | by Staff reporter
Zimbabwean creators demand Facebook monetisation
Zimbabwean content creators remain sidelined from Facebook's monetisation programme, which is currently available in only eight African countries, sparking calls for government intervention to secure ...Published: 19 Aug 2025 at 19:18hrs | 532 | by Staff reporter
If Mnangagwa wants to know what 'nyika inovakwa nevene vayo' really means, he should learn from Rhodesians!
Sometimes, words are cheap, and it is often those who boast the most who achieve the least.When the late Robert Mugabe popularized the phrase 'nyika inovakwa nevene vayo' - and his successor E...Published: 19 Aug 2025 at 08:08hrs | 426 | by Tendai Ruben Mbofana
Elderly woman loses US$45 000 in botched stand deal
An 80-year-old woman from Greendale, Harare, has lost US$45 000 after being duped in a fraudulent residential stand transaction.The victim, Theresa Marume, was misled into paying the full amou...Published: 18 Aug 2025 at 08:43hrs | 1002 | by Staff reporter
Gweru fails to confirm receipt of ZWL$226,9m govt grant
Gweru City Council has once again come under scrutiny after the Auditor-General's (AG) 2024 report revealed serious financial irregularities, including failure to confirm receipt of a ZWL226,9 million...Published: 18 Aug 2025 at 08:39hrs | 149 | by Staff reporter
Airtime vendors sue police for US$120,000
Three airtime vendors from Masvingo have filed lawsuits against the Zimbabwe Republic Police (ZRP) and the Ministry of Home Affairs, each seeking US$40 000 in damages for unlawful arrest and malicious...Published: 17 Aug 2025 at 12:09hrs | 440 | by Staff reporter
Massive US$100,000 fines for Zimbabwe forex offenders
The Reserve Bank of Zimbabwe (RBZ) has introduced heavy fines and tougher enforcement measures against individuals, companies, and financial institutions caught breaking exchange control regulations....Published: 16 Aug 2025 at 13:13hrs | 475 | by Staff reporter
FBC urges clear Zimbabwe de-dollarisation framework
FBC Holdings Limited has called on the Reserve Bank of Zimbabwe (RBZ) to establish a clear and credible framework for de-dollarisation to ease pressure on the country's foreign currency reserves....Published: 15 Aug 2025 at 08:55hrs | 404 | by Staff reporter
Zimbabwe's forex receipts jump 23%
Zimbabwe recorded a 23,1 percent surge in foreign currency receipts during the first half of 2025 compared to the same period last year, signalling growing confidence in the country's formal channels ...Published: 15 Aug 2025 at 08:33hrs | 94 | by Staff reporter
Why Zimbabweans rue plan to ditch US dollar?
Zimbabwe's plans to drop the US dollar in five years is already causing jitters in an economy that has suffered nearly two decades of currency volatility and bouts of record hyperinflation.Har...Published: 14 Aug 2025 at 10:44hrs | 996 | by Staff reporter
Beverage makers say 35% RBZ rate hampers growth
Zimbabwe's beverage industry has raised concerns over the Reserve Bank of Zimbabwe's (RBZ) decision to maintain the bank policy rate at 35% per annum, saying the high interest rate is constraining gro...Published: 14 Aug 2025 at 10:41hrs | 132 | by Staff reporter
2030: Zimbabwe will be using domestic currency
THE Reserve Bank of Zimbabwe (RBZ) has announced plans for a structured transition from the current multicurrency system to a domestic monetary framework, aimed at ensuring business continuity and eco...Published: 13 Aug 2025 at 12:35hrs | 453 | by Staff reporter
Zimbabwe banks show strong capital buffers
Most Zimbabwean banking institutions have exceeded minimum regulatory capital requirements, signalling stability, resilience, and soundness in the country's financial system, the latest Reserve Bank o...Published: 13 Aug 2025 at 09:08hrs | 211 | by Staff reporter
Zimbabwe to unveil de-dollarization roadmap in November
Zimbabwe's central bank has announced its decision to launch a de-dollarisation roadmap in November, along with the new five-year economic blueprint.In his 2025 mid-term monetary policy statem...Published: 12 Aug 2025 at 11:01hrs | 440 | by Staff reporter
RBZ's to unlock over US$1 billion in remittances
In a bold move to revive Zimbabwe's struggling economy, the Reserve Bank of Zimbabwe (RBZ) has announced a plan to securitize diaspora remittances, aiming to transform predictable inflows into investa...Published: 10 Aug 2025 at 18:36hrs | 318 | by Staff reporter
Costs push out horticulture farmers in Zimbabwe
The Horticulture Development Council (HDC) has expressed deep concern over escalating production costs in Zimbabwe's horticulture sector, warning that the trend is driving some farmers to consider rel...Published: 10 Aug 2025 at 12:06hrs | 148 | by Staff reporter
Zimbabwe needs US$10 billion to fix power crisis
Zimbabwe will require up to US$10 billion in energy sector investment over the next decade to meet rising electricity demand and address chronic power shortages, according to a new report by Veritas, ...Published: 10 Aug 2025 at 10:15hrs | 129 | by Staff reporter
NetOne posts record growth
State-owned mobile network operator NetOne has delivered a historic performance, posting record revenue and profit growth while aggressively expanding its high-speed 4G and 5G networks in a bold push ...Published: 09 Aug 2025 at 16:52hrs | 197 | by Staff reporter
RBZ cracks down on ZiG rejection
The Reserve Bank of Zimbabwe (RBZ) has issued a strong warning to businesses and service providers who are refusing to accept the Zimbabwe Gold (ZiG) currency, with central bank governor Dr John Musha...Published: 09 Aug 2025 at 13:28hrs | 478 | by Staff reporter
Zimbabwe's forex receipts surge to US$7.3 billion
Zimbabwe recorded a significant boost in foreign currency receipts, raking in US$7.3 billion during the first half of 2025, according to the Reserve Bank of Zimbabwe’s (RBZ) latest Monetary Policy S...Published: 09 Aug 2025 at 10:01hrs | 142 | by Staff reporter
Logistics firm in exchange control violation
Mapho Tradelink Procurement and Logistics Private Limited, a leading procurement and logistics company, has been taken to court for allegedly breaching the Exchange Control Act by making payments exce...Published: 08 Aug 2025 at 13:08hrs | 198 | by Staff reporter
RBZ crackdown on money laundering
Following an intensive investigation into smuggling, money laundering, and financial externalisation, Zimbabwean authorities have launched a crackdown targeting several businesspeople and companies im...Published: 08 Aug 2025 at 09:15hrs | 592 | by Staff reporter
RBZ upholds tight monetary policy to protect ZWG
The Reserve Bank of Zimbabwe (RBZ) on Thursday reaffirmed its tight monetary policy stance as a key strategy to conserve the local currency, despite mounting pressure from industry players to ease bor...Published: 08 Aug 2025 at 08:59hrs | 159 | by Staff reporter
Zimbabwe banking sector profits drop
Zimbabwe's banking sector has reported a steep drop in earnings for the first half of 2025, with aggregate profits plunging to ZiG5,0 billion (US$184,07 million) from ZiG10,4 billion (US$760,37 millio...Published: 08 Aug 2025 at 08:30hrs | 138 | by Staff reporter
Zimbabwe races to implement IMF-backed reforms
Zimbabwe is racing to implement wide-ranging fiscal and monetary reforms agreed with the International Monetary Fund (IMF), as the country seeks to exit its long-standing debt crisis, rebuild trust wi...Published: 07 Aug 2025 at 17:16hrs | 463 | by Staff reporter
Zimbabwe scales up crocodile exports
The Government of Zimbabwe has stepped up efforts to scale up crocodile farming and exports, focusing on Binga District as a key node in its agro-wildlife economy. The move comes amid growing global d...Published: 07 Aug 2025 at 17:14hrs | 266 | by Staff reporter
Zimbabwe's tobacco marketing season ends
The 2025 tobacco marketing season officially came to a close yesterday, marking a historic milestone for Zimbabwe's agricultural sector as the country posted record-breaking output and earnings. While...Published: 07 Aug 2025 at 17:12hrs | 148 | by Staff reporter
Zimbabwe Company Director Arrested Over US$6 Million LP Gas Forex Scandal
The National Prosecuting Authority of Zimbabwe (NPAZ) has announced the arrest of businessman Grant Chitate and his company Wellington Thulisa (Pvt) Ltd in connection with a massive foreign currency v...Published: 06 Aug 2025 at 16:35hrs | 348 | by Stephen Jakes
Director arrested over US$7.6m payments for LP gas imports
Grant Wellington Thulisa (Pvt) Ltd, represented by its director Grant Chitate, has been dragged before the courts on allegations of making unauthorised foreign payments totalling US$7.6 million for th...Published: 05 Aug 2025 at 17:44hrs | 1062 | by Staff reporter
FBC sees cautious recovery in Zimbabwe
Financial services firm FBC Securities says Zimbabwe's 2025 Mid-Year Budget and Economic Review points to a cautiously optimistic recovery trajectory, although tight fiscal and monetary conditions cou...Published: 05 Aug 2025 at 14:38hrs | 233 | by Staff reporter
Goat tender fraud trial resumes
The trial of businessmen Moses Mpofu and Mike Chimombe, accused of defrauding the Government of US$7 million under the Presidential Goat Pass-On Scheme, resumed yesterday with Mpofu outlining the fina...Published: 05 Aug 2025 at 08:58hrs | 274 | by Staff reporter
Zimbabwe retailers bank on 6% economic growth
The Confederation of Zimbabwe Retailers (CZR) says it expects consumer spending to rise this year, buoyed by the government's projected 6% economic growth, despite continued pressure on household inco...Published: 05 Aug 2025 at 08:53hrs | 63 | by Staff reporter
Mnangagwa to launch National Tourism policy
President Emmerson Mnangagwa is set to officially launch Zimbabwe's National Tourism Policy today in Harare, unveiling a strategic blueprint designed to transform the country into a world-class touris...Published: 04 Aug 2025 at 08:49hrs | 132 | by Staff reporter
Company faces exchange control violation charges
A Harare-based company, Grant Thulisa (Pvt) Ltd, has been hauled before the courts on allegations of violating Zimbabwe's exchange control regulations after it allegedly misrepresented the amount of m...Published: 03 Aug 2025 at 12:17hrs | 201 | by Staff reporter
Zimbabwe's tourism sector declined in early 2025
Zimbabwe's tourism sector has experienced a significant downturn in the first quarter of 2025, with both receipts and investment sharply declining as global travel demand weakens and domestic economic...Published: 02 Aug 2025 at 10:17hrs | 93 | by Staff reporter
Econet defends fair usage policy amid backlash
Econet Wireless Zimbabwe has come under fire from some of its SmartBiz customers following the enforcement of its Fair Usage Policy (FUP) on "unlimited" data packages.Critics say the move unde...Published: 01 Aug 2025 at 13:47hrs | 679 | by Staff reporter
RBZ Chief charts path to monetary stability
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu says the central bank is making steady progress in consolidating price stability, growing foreign reserves, and reinforcing the banking se...Published: 01 Aug 2025 at 13:12hrs | 174 | by Staff reporter
Zimbabwe govt mulls fresh taxes
Finance Minister Mthuli Ncube yesterday unveiled plans to impose new taxes, despite growing resistance from businesses and taxpayers who argue that Zimbabwe's current tax burden is already suffocating...Published: 01 Aug 2025 at 08:02hrs | 383 | by Staff reporter
Dairibord warns of rising costs
Dairibord Holdings Limited, one of Zimbabwe's largest publicly listed milk processors, has sounded the alarm over a tough operating environment that has driven up costs, squeezed margins, and weighed ...Published: 31 Jul 2025 at 12:54hrs | 224 | by Staff reporter
Mutapa, RBZ push for economic transformation
The Mutapa Investment Fund and the Reserve Bank of Zimbabwe (RBZ) have pledged to play pivotal roles in driving economic transformation and ensuring financial stability as the nation accelerates effor...Published: 28 Jul 2025 at 14:18hrs | 203 | by Staff reporter
PPC unveils 30MW solar energy project in Zimbabwe
South African cement manufacturer PPC Limited has announced it is developing a 30 megawatt (MW) solar energy programme in Zimbabwe, aimed at reducing operational costs and lessening dependence on the ...Published: 28 Jul 2025 at 08:55hrs | 351 | by Staff reporter
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: 25 Jul 2025 at 18:01hrs | 807 | by Staff reporter
Mines and RBZ in crunch talks over forex retention
The Chamber of Mines of Zimbabwe has initiated fresh negotiations with the Reserve Bank of Zimbabwe (RBZ) to review the current foreign currency retention framework, citing growing concerns over worse...Published: 25 Jul 2025 at 14:11hrs | 75 | by Staff reporter
Mines and RBZ in crunch talks over forex retention
The Chamber of Mines of Zimbabwe has initiated fresh negotiations with the Reserve Bank of Zimbabwe (RBZ) to review the current foreign currency retention framework, citing growing concerns over worse...Published: 25 Jul 2025 at 14:11hrs | 45 | by Staff reporter
Zimbabwe's formal economy tanks
Zimbabwe's economy has become overwhelmingly informal, with the latest figures from the Zimbabwe National Statistics Agency (ZimStat) revealing that 76% of business operations in the country are now i...Published: 24 Jul 2025 at 16:09hrs | 588 | by Staff reporter
Mnangagwa commissions Zimplats 35MW solar plant
President Emmerson Mnangagwa has praised platinum mining giant Zimplats for setting a benchmark in Zimbabwe's mining sector through enhanced production and responsible environmental practices....Published: 24 Jul 2025 at 09:25hrs | 139 | by Staff reporter
Load More Stories
