Search / Hard currency
Companies reel under crippling costs, regulatory chaos
Zimbabwe's formal business sector is under severe strain as economic pressures mount, with industry leaders warning that ongoing policy inconsistencies, regulatory confusion, and worsening macroeconom...Published: 10 Jul 2025 at 09:08hrs | 248 | by Staff reporter
Zinara moves to equip, fuel road authorities
The Zimbabwe National Road Administration (ZINARA) has announced a bold new initiative to directly equip road authorities with essential resources to fast-track road maintenance and eliminate the cost...Published: 05 Jul 2025 at 14:56hrs | 137 | by Staff reporter
Zimbabwe govt owes SeedCo US$40m
Seed Co Limited is reeling from a severe liquidity crisis after the government, its biggest shareholder, failed to pay a staggering US$40 million for seed deliveries made over the past 18 months, the ...Published: 04 Jul 2025 at 12:38hrs | 201 | by Staff reporter
Cotton farmers earn over US$3 million
Zimbabwean cotton farmers have sold more than US$3 million worth of seed cotton to the Cotton Company of Zimbabwe (Cottco) so far this season, with the state-run firm confirming it is paying growers e...Published: 03 Jul 2025 at 19:10hrs | 143 | by Staff reporter
Tagwirei mocks 'foolish' Zimbabweans who have not won tenders
Prominent businessman Kudakwashe Tagwirei ignited controversy on Wednesday after declaring that Zimbabweans who have not secured government tenders are "foolish" - effectively labelling the vast major...Published: 26 Jun 2025 at 14:12hrs | 821 | by Staff reporter
Surely, what lessons in business success can Tagwirei teach our youth?
Our youth are the greatest asset to our nation's future, and we cannot afford to lead them astray.Zimbabwe is a nation desperate for authentic leadership, especially for its youth. ...Published: 24 Jun 2025 at 11:24hrs | 282 | by Tendai Ruben Mbofana
Woes mount for Zimbabwe formal businesses\
Informal traders who largely evade taxes and levies are placing formal retail and wholesale businesses in Zimbabwe at a significant competitive disadvantage, burdened by a heavy and complex taxation r...Published: 23 Jun 2025 at 10:58hrs | 245 | by Staff reporter
Edgars turns to mass market and local supply
Edgars Stores Limited has effectively become Zimbabwe's sole listed clothing retailer after Truworths Zimbabwe entered corporate rescue in 2024, following a prolonged period of financial distress and ...Published: 20 Jun 2025 at 17:38hrs | 135 | by Staff reporter
Chivayo bags US$400 million cancer equipment deal with Mnangagwa's Office
Flamboyant businessman Wicknell Chivayo has landed a massive cancer treatment equipment supply contract worth over US$400 million with Zimbabwe's Office of the President and Cabinet, further extending...Published: 17 Jun 2025 at 17:20hrs | 14484 | by Staff reporter
Nurses clash with Parirenyatwa over US$150 graduation fee
A storm is brewing at Parirenyatwa Group of Hospitals as graduate nurses demand clarity and flexibility over a mandatory US$150 graduation and administration fee - insisting that being forced to pay i...Published: 03 Jun 2025 at 09:25hrs | 357 | by Staff reporter
How the NRZ Can Fund Zimbabwe's Pensioners on Its Own
As Zimbabweans, do we pause to look inward and realise that some of the solutions we desperately seek already lie within our own institutions. The National Railways of Zimbabwe (NRZ) stands as a t...Published: 24 May 2025 at 23:02hrs | 426 | by Jacob Kudzayi Mutisi
Treasury launches last-ditch push to stabilise Zimbabwe economy
Zimbabwe's Treasury has embarked on a last-ditch effort to stabilise the country's fragile economy, amid growing fears that policy inconsistency, inflation, and currency volatility could derail indust...Published: 22 May 2025 at 11:33hrs | 619 | by Staff reporter
UZ to replace striking lecturers
The University of Zimbabwe (UZ) is moving to hire external experts to replace striking lecturers in a desperate bid to restore normalcy after a two-month-long industrial action that has crippled acade...Published: 19 May 2025 at 14:33hrs | 2472 | by Staff reporter
UZ crisis deepens amid strike
The University of Zimbabwe (UZ), the country's oldest institution of higher learning, is reeling under a deepening crisis as a month-long strike by lecturers brings academic activity to a standstill....Published: 18 May 2025 at 11:55hrs | 331 | by Staff reporter
Battle over new NSSA boss intensifies
The fight to appoint a new general manager for Zimbabwe's US$1.2 billion National Social Security Authority (NSSA) has descended into a chaotic and politically charged standoff, marked by corruption a...Published: 14 May 2025 at 15:35hrs | 1310 | by Staff reporter
UK firm secures US$5m to fund gold mines in Zimbabwe
United Kingdom-based mining firm Kavango Resources Plc has secured a US$5 million interest-free funding facility from the Comarton Managed Pension Funds' Investments Consortium to accelerate its gold ...Published: 24 Apr 2025 at 07:08hrs | 145 | by Staff reporter
Brave security guards foil armed robbery
Two Real Star Security guards have been hailed as heroes after they bravely thwarted an armed robbery at a Petrotrade Service Station in Mabvuku early Thursday morning.Bhekimpilo Sibanda and I...Published: 13 Apr 2025 at 09:42hrs | 451 | by Staff reporter
US dollar suffocates the ZiG
A liquidity crunch in Zimbabwe is deepening the economy's embrace of the US dollar and undermining the bullion-backed currency introduced by the government almost a year ago.The ZiG, short for...Published: 06 Apr 2025 at 11:38hrs | 3604 | by Staff reporter
Zimbabwe's bullion-backed ZiG is missing out on gold's record run
Zimbabwe's bullion-backed currency is missing out on an impressive gold rally, because of a liquidity squeeze that's choking the economy and difficulties in exchanging the unit for dollars.Sin...Published: 14 Feb 2025 at 08:40hrs | 432 | by Staff reporter
Zesa owes US$350m for Kariba South renovations
Zimbabwe's power utility, Zesa Holdings (Zesa), is grappling with a staggering US$350 million debt for renovations at the Kariba South Power Station, as its foreign currency obligations continue to hi...Published: 13 Feb 2025 at 13:55hrs | 195 | by Staff reporter
Concerns over RBZ's reduction of forex retention for horticulture exporters
The Horticultural Development Council (HDC) has expressed concerns about the Reserve Bank of Zimbabwe's (RBZ) recent decision to lower the foreign currency retention threshold for exporters from 75% t...Published: 10 Feb 2025 at 09:41hrs | 231 | by Staff reporter
RBZ assures bonus payments will not disrupt economic stability
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu has assured that the payment of civil servant bonuses ahead of the festive season will not affect price stability or the exchange rate....Published: 01 Dec 2024 at 08:50hrs | 104 | 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
Mnangagwa's adviser says ZiG is 'doomed', warns RBZ Governor
Local economist and adviser to President Emmerson Mnangagwa, Eddie Cross, has issued a stark warning to Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu, cautioning that the country's new Zim...Published: 15 Oct 2024 at 18:10hrs | 5667 | by Staff reporter
Dollarisation the worst thing to do for Zimbabwe
The Zimbabwean government has remained resolute in its decision not to revert to full dollarisation, despite growing calls from businesses and citizens who prefer the United States dollar over the rap...Published: 10 Oct 2024 at 13:46hrs | 1678 | by Staff reporter
Zimbabwe shops impose limits amid panic-buying?
Some shops across Zimbabwe have imposed "one item per person" rules for products such as milk to fend off panic-buying triggered by a new loss of faith in the country's latest currency.Last we...Published: 02 Oct 2024 at 07:57hrs | 1182 | by Staff reporter
ZSE outshines VFEX in wealth creation
The Zimbabwe Stock Exchange (ZSE) has emerged as the preferred investment destination for those seeking wealth creation, surpassing the foreign currency-denominated Victoria Falls Stock Exchange (VFEX...Published: 26 Sep 2024 at 13:37hrs | 64 | by Staff reporter
Zimbabwe injects US$64m into foreign currency market
The Reserve Bank of Zimbabwe (RBZ) has injected US$64 million into the foreign exchange market in response to a growing demand for hard currency, ensuring that all bona fide foreign currency applicati...Published: 20 Sep 2024 at 07:49hrs | 241 | by Staff reporter
Shops dump ZiG official rate for two-tier pricing system
Just like other Zimbabwean currencies introduced since the year 2000, the Zimbabwe Gold (ZiG) currency is already showing signs of instability barely half a year after its introduction, with many shop...Published: 08 Sep 2024 at 13:51hrs | 9591 | by Staff reporter
After ditching the dollar, Zimbabwe now rushing for it at a steeper cost
NEARLY five months after changing its currency to arrest inflation, Zimbabwe is back in familiar territory as the new local unit has started losing ground.The problem seems to be based on how ...Published: 26 Aug 2024 at 08:11hrs | 3928 | by Staff reporter
ZiG registers gradual growth in transactions
Zimbabwe has seen significant growth in the use of the Zimbabwe Gold (ZiG) currency in domestic transactions since its introduction in April 2024. According to Finance, Economic Development, a...Published: 22 Aug 2024 at 07:04hrs | 162 | by Staff reporter
Fintechs fly planes of cash into Zimbabwe
At least once a month - and sometimes as often as three times a week - a private plane lands in a secure part of Robert Gabriel Mugabe International Airport on the outskirts of the Zimbabwean capital,...Published: 17 Jul 2024 at 17:11hrs | 6716 | by Staff reporter
Zimra workers lament poor salaries
Zimbabwe Revenue Authority (ZIMRA) employees, including those stationed at border posts where they face the temptation of bribes, have declared incapacitation due to their inadequate salaries. These w...Published: 20 May 2024 at 07:56hrs | 75 | by Staff reporter
Zimbabwe currency crisis: Time to face the truth
THERE is, of course, no such thing as "a shortage of foreign currency".In open and disciplined markets, all that such a claim reflects is an over-valued local currency, whose managers resist t...Published: 07 Apr 2024 at 10:26hrs | 1 | by Obert Nyandoro
Targeted sanctions were inevitable
GOOD day, President Emmerson Mnangagwa. Your Excellency, my deduction is that targeted sanctions were inevitable. It does not augur well for Zimbabwe that you are the first sitting President to be des...Published: 13 Mar 2024 at 16:09hrs | 3 | by Cyprian M Ndawana
Bulawayo City Council demands 80% of rates in forex
THE Bulawayo City Council (BCC) has passed a resolution compelling residents and businesses to pay 80 percent of their rates in foreign currency, arguing that service providers were demanding forex....Published: 18 Feb 2024 at 09:13hrs | 2 | by Staff reporter
BCC's US$ revenue improves
BULAWAYO City Council (BCC) has revealed that it has collected about 45% of its debts in United States dollars from ratepayers as its credit control policy begins to bear fruit.In an interview...Published: 16 Feb 2024 at 04:58hrs | | by Staff reporter
Withdraw Zimdollar from circulation
GOOD day, President Emmerson Mnangagwa. Your Excellency, it is my conviction that the Zimdollar, all things considered, is a swine. It is the epitome of voodoo economics, based on implausible assumpti...Published: 14 Feb 2024 at 19:25hrs | 2 | by Cyprian Muketiwa Ndawana
Top Zimbabwe army generals fired over housing corruption
THE Zimbabwe Defence Forces (ZDF), which brings together the country's army and air force wings, has fired three senior military commanders at the Zimbabwe National Army (ZNA) over a multi-million-dol...Published: 12 Feb 2024 at 13:49hrs | 17 | by Staff reporter
Fast growing Zimbabwe diaspora spurs demand for funeral plans
In December 2023, Mavis Clinic Manyonga travelled to the Republic of Ireland from Zimbabwe, looking forward to spending the Christmas holidays with her daughter, Valerie Munashe Makuwe, a nurse in tow...Published: 09 Feb 2024 at 18:51hrs | 13 | by Staff reporter
Bread shoots to US$1,30 in Zimbabwe
PRICES of most basic commodities, particularly food items, have surged by more than 30% since last year as the Zimbabwe dollar continues to lose value against the greenback.The new 15% value-added tax...Published: 22 Jan 2024 at 10:02hrs | 37 | by Staff reporter
Fresh measures to prop up Zimdollar
The GOVERNMENT is set to unveil new interventions, which may include reforming the foreign currency auction system and boosting foreign currency supply in the market, to deal with the recent volatilit...Published: 21 Jan 2024 at 07:27hrs | 1 | by Staff reporter
Headmasters confront govt over Zimdollar salaries
HEADMASTERS from government schools across Zimbabwe have put their employer on notice to press for United States dollar salaries starting from the forthcoming term.School heads and teachers ar...Published: 03 Jan 2024 at 05:30hrs | 13 | by Staff reporter
Potholes re-emerge in wake of recent rains
HEAVY rains being recorded across the country have caused more extensive damage to some major roads in Bulawayo, which are now riddled with potholes making driving a nightmare in the city. Apa...Published: 28 Dec 2023 at 07:30hrs | 14 | by Staff reporter
Zimbabwe govt urged to dollarise pensions
THE Zimbabwe National Union of School Heads (Zinush) has pleaded for the dollarisation of pensions as inflation continues to eat away the life savings of educators, condemning many to poverty after ye...Published: 27 Dec 2023 at 07:32hrs | 16 | by Staff reporter
Siziva tears into Ncube's budget
CITIZENS Coalition for Change (CCC) deputy spokesperson Gift "Ostallos" Siziva has called on Finance, Economic Development and Investment Promotion minister Mthuli Ncube to reverse his decision to tax...Published: 05 Dec 2023 at 20:39hrs | 18 | by Staff reporter
Extortionate passport fees spark outrage in Zimbabwe
FINANCE minister Mthuli Ncube has proposed a sharp hike in passport fees despite concerns over the lack of transparency on how the proceeds are spent.Critics say while access to a passport is ...Published: 04 Dec 2023 at 15:06hrs | 11 | by Staff reporter
Zimbabwe govt announces bonus payments for civil servants
Traditional chiefs, headmen and their messengers are set to receive bonuses this year as government moved weekend to confirm plans to award bonuses to all civil servants and pensioners.Governm...Published: 12 Nov 2023 at 20:45hrs | 30 | by Staff reporter
Ministry in storm over e-passports
THE Auditor-General (AG) has raised the red flag over failure by the Home Affairs ministry to provide information on how much was raised from the issuance electronic passports (e-passports), amid conc...Published: 31 Oct 2023 at 16:28hrs | 3 | by Staff reporter
Zimbabwe's post-election government appointments are a circus of madness!
So, the elections are over in Zimbabwe!In as much as their conduct and outcome is still hotly disputed by the opposition - a justifiable and legitimate cause, considering how the election was ...Published: 22 Sep 2023 at 16:09hrs | 3 | by Tendai Ruben Mbofana
Load More Stories
.jpg)
