Bulawayo24 News - Skyes! "it makes perfect sense"

Govt to absorb 22,000 Community Health Workers into civil service

Zimbabwe will integrate 22,000 Community Health Workers (CHWs) into the civil service by the end of the year as part of efforts to strengthen primary health care amid dwindling donor support, Health and Child Care Minister Dr. Douglas Momb…

Published: 28 Aug 2025 at 06:54hrs | 651 | by Staff reporter

Inflation slowdown boosts confidence in ZiG stability

Zimbabwe recorded a marked slowdown in price growth in August, strengthening government claims that currency reforms are beginning to stabilise the economy, despite year-on-year inflation remaining high.Data released by the Zimbabwe Nation…

Published: 28 Aug 2025 at 06:54hrs | 267 | by Staff reporter

Zimbabwe inflation surges to 95.8%

Zimbabwe's inflationary strain deepened in July, with annual inflation accelerating to 95.8%, up from 92.5% in June, underlining the fragility of the country's monetary framework despite tighter policies and a broadly stable exchange rate.…

Published: 31 Jul 2025 at 12:58hrs | 347 | by Staff reporter

Zimbabwe's July inflation shows mixed trends

The latest inflation figures released by the Zimbabwe National Statistics Agency (ZIMSTAT) for July 2025 show a modest rise in prices for goods and services measured in both the United States Dollar (USD) and Zimbabwe Gold (ZiG), with nota…

Published: 28 Jul 2025 at 18:58hrs | 194 | by Staff reporter

Zimbabwe central bank reports drop in inflation

The Reserve Bank of Zimbabwe (RBZ) has expressed cautious optimism about the country's economic trajectory, citing encouraging signs in inflation control, exchange rate stability, and foreign currency inflows. The outlook was contained in …

Published: 10 Jul 2025 at 10:11hrs | 181 | by Staff reporter

Zimbabwe's monthly inflation eases to 0.3%

Zimbabwe's month-on-month inflation rate eased to 0.3% in June 2025, shedding 0.6 percentage points from the May figure of 0.9%, according to data released by the Zimbabwe National Statistics Agency (ZimStat). The slowdown is being attribu…

Published: 30 Jun 2025 at 09:03hrs | 296 | by Staff reporter

Zimbabwe's ZiG annual inflation rate surges to 92,5%

Zimbabwe's local currency, Zimbabwe Gold (ZiG or ZWG), recorded a sharp annual inflation surge of 92.5% in June 2025, up by 0.4 percentage points from May, according to the latest data released by the Zimbabwe National Statistics Agency (Z…

Published: 28 Jun 2025 at 15:17hrs | 310 | by Staff reporter

RBZ applauds declining inflation

The Reserve Bank of Zimbabwe (RBZ) has lauded the continued decline in monthly inflation as a key indicator of growing economic stability, with both local and foreign currency-denominated prices showing positive trends.According to the Zim…

Published: 03 Jun 2025 at 09:48hrs | 88 | 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 the rising cost of living, Business Time…

Published: 31 May 2025 at 14:04hrs | 1103 | by Staff reporter

Zimbabwe ZWG yearly inflation hits 85%

The Confederation of Zimbabwe Industries (CZI) has raised alarm over the country's ZWG inflationary trends, which it says are not aligning with current market interventions, suggesting that Zimbabwe is heading into difficult times unless c…

Published: 08 May 2025 at 09:57hrs | 307 | by Staff reporter

Zimbabwe's monthly inflation drops to 0% in March 2025

Zimbabwe's monthly inflation rate fell to 0% in March 2025, marking a significant milestone in the country's economic stabilization efforts. The decline was attributed to a sustained tight liquidity stance and a series of policy measures a…

Published: 28 Mar 2025 at 05:40hrs | 462 | by Staff reporter

Zimbabwe's inflation surges to 11.6% in January 2025

Zimbabwe's weighted month-on-month inflation rate surged by 10.5 percentage points in January 2025, reaching 11.6 percent from 1.1 percent in December 2024, according to figures released by the Zimbabwe National Statistics Agency (ZimStat)…

Published: 30 Jan 2025 at 06:38hrs | 124 | by Staff reporter

Zimbabwe inflation rises sharply in January

Zimbabwe's inflation rate rose sharply in January in both U.S. dollar and local currency terms, spurred by food and housing prices.In dollar terms inflation accelerated to 14.6% year on year after rising by 2.5% in December. On a local cur…

Published: 28 Jan 2025 at 21:53hrs | 1339 | by Staff reporter

Why Zimbabweans keep watching their money go up in smoke

It was 10 p.m. when a frantic pounding on Modester Nyangoni's door dragged her out of a deep sleep.That hot October day, she had been on her feet manning her stall at the largest market in Zimbabwe's capital, a bustling maze of businesses …

Published: 25 Dec 2024 at 08:24hrs | 3083 | by Staff reporter

Zimbabwe's central bank claims success in stabilising rate and inflation

The Reserve Bank of Zimbabwe (RBZ) has announced significant progress in stabilising the country's exchange rate and inflation following a series of monetary policy interventions, including a cumulative injection of US$150 million into the…

Published: 04 Dec 2024 at 14:23hrs | 301 | 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.Speaking to The Sunday Mail, Dr. Mushayava…

Published: 01 Dec 2024 at 08:50hrs | 104 | by Staff reporter

ZiG inflation rate now pegged at 37.2%

Zimbabwe's inflation rate for the Zimbabwe Gold (ZWG) currency surged to 37.2% in October, according to the latest data from the Zimbabwe National Statistics Agency (Zimstat). This sharp increase, reflecting a substantial rise from Septemb…

Published: 26 Oct 2024 at 12:48hrs | 305 | by Staff reporter

Zimbabwe to keep Zimdollar

Zimbabwe plans to keep its local dollar, a currency that has lost value every single trading day of the year, even as fiscal and monetary authorities work on new plans to revamp the currency, according to Finance Minister Mthuli Ncube."We …

Published: 26 Mar 2024 at 06:37hrs | 2 | by Staff reporter

Zimbabwean-born director suspended over anti-Israel posts

Ofcom's online safety supervision director has been suspended after anti-Israel comments were posted on her Instagram account.Fadzai Madzingira's private account posted messages after the Hamas attack on Israel on 7 October.The Guido Fawke…

Published: 22 Oct 2023 at 14:16hrs | 5 | by Staff reporter

Zimbabwe central bank must consider introducing a ZW$500 000 note

This week, a prominent price monitoring thinktank emphasized the need for the Reserve Bank of Zimbabwe (RBZ) to contemplate the introduction of a ZW$500,000 note as the Zimbabwean currency continues to suffer from severe depreciation throu…

Published: 22 Oct 2023 at 14:06hrs | 1 | by Staff reporter

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 monetary policy measures.The latest statis…

Published: 26 Jul 2023 at 06:38hrs | 2 | by Staff reporter

Parliament turns heat on Mthuli Ncube

LEGISLATORS have taken Finance and Economic Development minister Mthuli Ncube to task over the galloping inflation and the crumbling local currency, which they say has eroded salaries of government workers.The parliamentarians' anger comes…

Published: 15 Jun 2023 at 06:51hrs | 3 | by Staff reporter

Mnangagwa claims the resurgent skyrocketing inflation is a calculated political attack

Zimbabwean President Emmerson Mnangagwa claims the resurgent skyrocketing inflation - which has seen the country plunge into a third hyperinflation wave in 15 years - is a calculated political attack and sabotage of his government to fuel …

Published: 14 Jun 2023 at 09:08hrs | 1 | by Staff reporter

'CCC is causing havoc and inflation' said Big Spender. Stop him rigging and he'll stop lying!

During elections, President Mnangagwa become Mr Bigger Spender! Anyone who is anyone gets something from Mr Big Spender. Village hears got motorcycles plus free public service medical aid membership. Chiefs got the traditional new twin-cab…

Published: 12 Jun 2023 at 16:27hrs | 2 | by Wilbert Mukori

Zimbabwe inflation spikes in May

Zimbabwe's month-on-month inflation spiked to 15,7% this month after gaining 13,3 percentage points on the April 2023 rate of 2,4%, the national statistics agency said yesterday.On an annualised basis, inflation rose to 86,5% from 75,6% pr…

Published: 28 May 2023 at 19:05hrs | 30 | by Staff reporter

'Inflation is not on paper, you feel it'

Reserve Bank of Zimbabwe governor John Mangudya says inflation is "felt" by consumers and not on paper, as official statistics are being challenged by independent experts.For years, the Zimbabwe National Statistics Agency (ZimStat), the ma…

Published: 10 Apr 2023 at 07:28hrs | | by Staff reporter

Zimbabwe inflation rate declines

ZIMBABWE continues to experience a sustained drop in inflation since August last year as the annual rate for March tumbled to 87,6 percent from 92,3 percent in February.The Zimbabwe National Statistics Agency (ZIMSTAT) Director General Mr …

Published: 28 Mar 2023 at 08:28hrs | 2 | by Staff reporter

Inflation triggers food shortages in Britain

Britain has been hit by a massive food shortage that has been triggered by a combination of factors that include inflation and a biting energy crisis. According to reports from British media the country's biggest supermarkets are limiting …

Published: 04 Mar 2023 at 07:57hrs | 3 | by Staff reporter

Zimbabwe macroeconomic priorities for 2023

Zimbabwe's treasury department presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The budget roughly translates to US$5.3 billion if the market exchange rate is used. As is the case over the past 10 years, reven…

Published: 15 Dec 2022 at 23:53hrs | | by Victor Bhoroma

Chiwenga says inflated prices delaying budget disbursement

VICE-PRESIDENT and Health minister Constantino Chiwenga says some government departments are overpricing goods and services, a situation that has resulted in delayed disbursement of funds to line ministries.Chiwenga gave an example where a…

Published: 22 Oct 2022 at 05:42hrs | | by Staff reporter

Zimbabwe inflation tumbles to 3,5%?

ZIMBABWE'S month-on-month inflation rate has drastically dropped to 3,5 percent in September, shedding 8,9 percentage points on the August rate of 12,4 percent as price stability persists across the market in response to Government measure…

Published: 27 Sep 2022 at 05:52hrs | | by Staff reporter

Zimbabwe's high inflation forecast to plunge to 3%?

ZIMBABWE's month-on-month inflation rate is expected to fall to three percent by year-end while the annual rate is seen dropping below 100 percent on the back of monetary and fiscal interventions the Government is implementing.Official dat…

Published: 20 Sep 2022 at 06:02hrs | 2 | by Staff reporter

Zimbabwe inflation on downward spiral?

The introduction of gold coins and a review of payment methods for suppliers of goods and services, particularly those undertaking major national infrastructure projects, is expected to see a decline in monthly inflation for the foreseeabl…

Published: 02 Aug 2022 at 06:42hrs | | by Staff reporter

'6,4m Zimbabweans living in extreme poverty'

THE latest World Bank report indicates that 6,4 million Zimbabweans are living on less than US$1,90 a day.The report is based on the multilateral institution's Poverty and Inequality Platform (PIP), an interactive computational tool that a…

Published: 01 Jul 2022 at 07:22hrs | 11 | by Staff reporter

PPC downbeat as inflation shakes Zimbabwe

JOHANNESBURG Stock Exchange (JSE)-listed Pan African cement maker, PPC has said its earnings per share (EPS) from the Zimbabwean operations would be undermined by rocketing inflation.Ahead of releasing financial statements for the year end…

Published: 24 Jun 2022 at 07:41hrs | 2 | by Staff reporter

Police recover hundreds of stolen cattle in Shanyawugwe and Makhado

GWANDA police have launched a blitz targeting cattle rustlers who have been terrorising farmers in the district.In the past weeks, farmers who lost their cattle managed to locate some of their livestock's in Shanyawugwe and Makhado near Be…

Published: 28 Sep 2021 at 20:00hrs | 1 | by Staff reporter

Zimbabwe's inflation rate now at 194%

THE annual inflation rate will continue falling and year-on-year inflation will be below 55 percent in July, the Reserve Bank of Zimbabwe's Monetary Policy Committee (MPC) says, confirming trends. At its latest meeting held on April 30, th…

Published: 05 May 2021 at 07:13hrs | 7 | by Staff reporter

South African Rand trades near 2021 highs after US inflation data

The South African Rand continues to be one of the most-watched emerging markets currencies by retail FX CFD traders, as the new COVID-19 cases seem to have plateaued at low levels and economic prospects have improved.If several months ago …

Published: 22 Apr 2021 at 06:10hrs | 20 | by Staff writer

RBZ still optimistic about low inflation

Reserve Bank of Zimbabwe Governor, Dr John Mangudya, remains confident authorities will be able to maintain a lid on prices to curtail potential relapse into runaway inflation, following worrying increases in December and January. The mont…

Published: 10 Feb 2021 at 05:29hrs | 10 | by Staff reporter

'Zimbabwe's hyperinflation challenges should be addressed'

THIS week we had Justin Machibaya (JM), the managing director of homelux Real Estate, as a guest on â€˜In Conversation with Trevor', a weekly programme hosted by AMH chairman, Trevor Ncube (TN).The interview revolved around Machibaya's lon…

Published: 06 Dec 2020 at 08:25hrs | 4 | by Staff reporter

To publish or not to?

Itâ€™s common cause that if you choose not to tell your own story, someone will do it for you and sell to the whole world that which he wants it to believe about you, which leaves you at high risk of losing your relevance and   i…

Published: 11 Aug 2019 at 07:25hrs | | by Persistence Gwanyanya

Zimbabwe reaches 'tipping point'

ZIMBABWE'S Finance minister Mthuli Ncube responded to the country's worsening economic crisis last week by blacking out inflation statistics for the next six months, boosting the price of the little power that's available five-fold and adm…

Published: 10 Aug 2019 at 11:47hrs | 4 | by Antony Sguazzin, Prinesha Naidoo and Ray Ndlovu

Mthuli Ncube needs to work his magic on inflation

ECONOMIC analysts expect Finance and Economic Development Minister Professor Mthuli Ncube to announce new measures to contain and bring Zimbabwe's galloping inflation under control when he presents his midterm fiscal policy review statemen…

Published: 21 Jul 2019 at 10:03hrs | 1 | by Staff reporter

Inflation-linked pay-outs for pensioners

Pensioners are set to start receiving inflation-adjusted pay-outs, as the National Social Security Authority (NSSA) starts reviewing the compensation framework.The latest recorded year-on-year inflation rate stood at 97,85 percent as at Ma…

Published: 14 Jul 2019 at 12:24hrs | | by Staff reporter

For economy to take off, we must take air out of inflation

What is inflation and why must we get it under control? What has been going wrong, and how are we putting things right? As an Economics Professor, its important I first explain the basics. In Zimbabwe, like any other economy, goods and ser…

Published: 20 Feb 2019 at 23:22hrs | 1 | by Prof Mthuli Ncube

Inflation hits Zimbabwe retail sector

THE retail sector in Zimbabwe is seen declining this year due to high inflation and a widening rift between prices and incomes, the Confederation of Zimbabwe Retailers (CZR) has said.CZR president Denford Mutashu told NewsDay in an intervi…

Published: 11 Feb 2019 at 09:55hrs | 1 | by Staff reporter

Zimbabwe annual inflation rate surges to 236%

Renowned United States economist and currency expert Steve Hanke says Zimbabwe's annual inflation rate is at 236 percent, much higher than the official figure of 42,09 percent published by Zimbabwe National Statistics Agency (ZimStats).The…

Published: 19 Jan 2019 at 11:51hrs | 2 | by Staff reporter

Zimbabwe inflation rate is 69,9%, says US economist

RENOWNED United States economist Steve Hanke says Zimbabwe's annual inflation rate is 69,9%, much higher than the official figure of 4,83%."At present, Zimbabwe's annual inflation rate, by my measure, is 69,9%. I measure the inflation rate…

Published: 30 Sep 2018 at 07:56hrs | 13 | by Staff reporter

Zimbabwe to face inflationary spirals

In order to maintain a sustainable purchasing power equal to the rising cost of living reflected by a Consumer Price Index (CPI), a taxable salary or wage must increase faster than the increase in the CPI itself. This will result in after-…

Published: 26 Jan 2018 at 07:54hrs | | by George Musvovi

Zimbabwe hyperinflates again for a second time in less than a decade

In 2008, Zimbabwe suffered the second most severe episode of hyperinflation in recorded history. Zimbabwe's annual inflation rate peaked in November 2008, reaching 89.7 sextillion (10^23) percent. Well, Zimbabwe is experiencing hyperinflat…

Published: 30 Oct 2017 at 05:11hrs | 3 | by Authored by Steve H. Hanke of the Johns Hopkins University.

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