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'Surge in forex inflows a boon for ZiG stability'
Zimbabwe's foreign currency receipts surged by 22 percent to US$6 billion in the first five months of 2025, according to the Reserve Bank of Zimbabwe (RBZ), a development anal...Published: 14 Jul 2025 at 07:52hrs | 133 | by Staff reporter
Sugar stocks exceed national demand
Zimbabwe's leading sugar producers, Hippo Valley Estates and Triangle, have moved to allay fears of shortages and price hikes, assuring the nation that local sugar stocks are more than adequate to mee...Published: 11 Jul 2025 at 08:25hrs | 82 | 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...Published: 10 Jul 2025 at 10:11hrs | 177 | by Staff reporter
Zimbabwe's foreign currency reserves surge
Zimbabwe's foreign currency reserves have maintained strong momentum, with the Reserve Bank of Zimbabwe (RBZ) reporting that, by the end of June 2025, the reserve holdings were more than three times h...Published: 10 Jul 2025 at 08:56hrs | 127 | by Staff reporter
Fuel smuggler arrested with 1 000 litres
In a coordinated crackdown on fuel smuggling, a joint operation by the Zimbabwe Republic Police Support Unit and the Zimbabwe National Army (ZNA) has resulted in the seizure of over 1,000 litres of pe...Published: 09 Jul 2025 at 14:28hrs | 275 | by Staff reporter
Zimbabwean consumers failing to secure loans from banks
Zimbabwean consumers are facing increasing difficulties in accessing loans from traditional banking institutions due to low wages and the escalating cost of living, according to the IH Zimbabwe Consum...Published: 08 Jul 2025 at 12:10hrs | 198 | by Staff reporter
Zimbabwe govt to settle parastatal debt
The Ministry of Finance, Economic Development and Investment Promotion says it is intensifying efforts to settle mounting debts owed to state-owned enterprises (SOEs), including telecoms giant T...Published: 06 Jul 2025 at 19:47hrs | 1607 | by Staff reporter
RBZ to launch diaspora-backed securities
The Reserve Bank of Zimbabwe (RBZ) is preparing to introduce securitised financial instruments backed by diaspora remittances, a bold move aimed at unlocking over US$1 billion in annual inflows ...Published: 04 Jul 2025 at 12:41hrs | 315 | by Staff reporter
Starafrica feels the pinch of sugar tax
Local sugar producer Starafrica Corporation says it is grappling with weak demand for industrial sugar, with the government-imposed sugar tax on beverages negatively affecting some of its key customer...Published: 04 Jul 2025 at 12:33hrs | 94 | by Staff reporter
Zimbabwe gold exports jump 25% in June
Zimbabwe's gold exports soared by 24 percent in the first five months of 2025, reaching US$748 million compared to US$599.2 million during the same period in 2024, according to figures released by the...Published: 04 Jul 2025 at 09:22hrs | 142 | by Staff reporter
Zimbabwe's GDP grows 2.9% to US$45.7 billion
Zimbabwe's economy expanded by 2.9 percent in 2024, with the Gross Domestic Product (GDP) rising to US$45.7 billion from US$44.4 billion in 2023, according to the latest figures released by the Zimbab...Published: 02 Jul 2025 at 17:46hrs | 164 | by Staff reporter
Fishers want ZimParks to extend fishing depth reprieve
Kapenta fishing operators on Lake Kariba have called on the Zimbabwe Parks and Wildlife Management Authority (ZimParks) to extend the reprieve allowing them to fish at a reduced minimum depth of 17 me...Published: 02 Jul 2025 at 09:10hrs | 65 | 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 (...Published: 30 Jun 2025 at 09:03hrs | 251 | by Staff reporter
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
Zimbabwe govt squeezes miners for more forex
Zimbabwe's mining industry is facing increased strain as government departments intensify demands for miners to pay taxes and fees in foreign currency-on top of the mandatory 30% surrender of ex...Published: 16 Jun 2025 at 14:48hrs | 197 | by Staff reporter
ZiG ranked second worst performing currency
In a stark contrast of fortunes, Ghana's Cedi has emerged as the world's strongest-performing currency in 2025, gaining nearly 50% against the United States dollar, while Zimbabwe's Zimbabwe Gol...Published: 11 Jun 2025 at 11:26hrs | 1053 | by Staff reporyter
Silent jobs massacre sweeps through Zimbabwe
A silent but brutal jobs massacre is sweeping across Zimbabwe's construction industry, as companies contracted by the government for key infrastructure projects plunge into financial turmoil due to ch...Published: 06 Jun 2025 at 12:04hrs | 261 | by Staff reporter
Zimbabwe tourism industry bleeds US$40 million in 90 days
Zimbabwe's tourism industry is reeling from a steep downturn after losing nearly US$40 million in potential revenue during the first quarter of 2025, amid a silent but deadly investor exodus and persi...Published: 06 Jun 2025 at 12:03hrs | 272 | by Staff reporter
Zimbabwe exporters sound alarm over tough new forex rules
Zimbabwean exporters are facing fresh turbulence following the government's move to tighten foreign currency controls - scrapping critical export incentives and enforcing tougher surrender requirement...Published: 05 Jun 2025 at 11:34hrs | 2964 | by Staff reporter
Lake Kariba water levels rising
Water levels in Lake Kariba have shown a modest but encouraging rise, providing cautious optimism for improved hydropower generation in Zimbabwe and Zambia.According to the latest update from ...Published: 03 Jun 2025 at 11:57hrs | 1620 | by Staff reporter
Zimbabwe records strong forex surplus
Zimbabwe has experienced sustained foreign currency inflows that not only meet its external payment obligations but have generated a substantial surplus averaging US$400 million per month over the 14-...Published: 01 Jun 2025 at 14:35hrs | 163 | by Staff reporter
Zimbabwe govt brokers EU power deals as blackouts unsettle economy
The Zimbabwean government is actively facilitating partnerships between local independent power producers (IPPs) and European Union (EU) investors to secure much-needed funding for critical energy pro...Published: 30 May 2025 at 12:16hrs | 488 | by Staff reporter
Zimbabwe to benefit from surge in remittances
Zimbabwe stands to gain significantly from a projected surge in remittance inflows into Africa, with the African Development Bank (AfDB) forecasting that the continent will receive US$100 billion in r...Published: 30 May 2025 at 08:58hrs | 131 | by Staff reporter
Zimbabwe-Zambia scramble to revive US$5bn power project
More than three decades after it was first proposed, the Batoka Gorge Hydropower Project is back in the spotlight as Zimbabwe and Zambia renew efforts to revive the long-stalled US$5 billion energy ve...Published: 29 May 2025 at 13:22hrs | 3820 | by Staff reporter
Africa set to attract $100 billion in remittance inflows
The African Development Bank (AfDB) has projected that Africa will receive approximately US$100 billion in remittance inflows in 2025, as the continent positions itself to harness the full potential o...Published: 29 May 2025 at 10:20hrs | 27 | by Staff reporter
Zimbabwe's economic reforms gain momentum with IMF deal
Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, has announced that Zimbabwe expects to secure a Staff Level Agreement (SLA) with the International Monetary Fun...Published: 28 May 2025 at 10:38hrs | 99 | by Staff reporter
Afreximbank pegs Zimbabwe growth at 3,8%
The African Export–Import Bank (Afreximbank) has downgraded Zimbabwe's economic growth forecast for 2025 to 3.8%, considerably lower than the optimistic 6% growth target set by the government and Br...Published: 26 May 2025 at 08:32hrs | 193 | by Staff reporter
Zimbabwe missing out on mega EU loans - loans have to be paid back
Zimbabwe is missing out on crucial loans from Europe's largest financial institutions, including the European Investment Bank (EIB), due to its unsustainable debt burden, the European Union's ambassad...Published: 26 May 2025 at 08:16hrs | 53 | by Staff reporter
Power generation to increase at Kariba
Power generation at the Kariba South Hydropower Station is expected to increase to around 500 megawatts (MW) during the upcoming winter season, following improved water allocation by the Zambezi River...Published: 26 May 2025 at 08:14hrs | 92 | by Staff reporter
No end in sight to Zimbabwe's electricity crisis
Zimbabwe is currently grappling with a severe energy crisis, characterized by daily load-shedding lasting up to 16 hours. Meanwhile, neighboring Zambia remains cautiously optimistic about easing its p...Published: 24 May 2025 at 10:59hrs | 296 | by Staff reporter
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
Zimbabwe banker, SA banks implicated in R2 billion electoral scandal
A top Zimbabwean banker is at the centre of the nearly R2 billion Zimbabwe Electoral Commission (ZEC) tender scandal involving a South African printing company paid R1.2 billion by the Harare governme...Published: 08 May 2025 at 09:58hrs | 2453 | by Roland Mpofu I iol
Kariba Dam water levels records steady rise
Water levels in Lake Kariba have recorded a steady rise, offering renewed optimism for improved electricity generation in Zimbabwe and Zambia, according to the latest update from the Zambezi River Aut...Published: 05 May 2025 at 15:54hrs | 326 | by Staff reporter
RBZ's market-determined exchange rate spurs ZiG stability
The Reserve Bank of Zimbabwe (RBZ)'s adoption of a market-determined exchange rate system has ushered in a new era of stability and confidence in the Zimbabwe Gold (ZiG) currency, with the recent remo...Published: 04 May 2025 at 09:15hrs | 811 | by Staff reporter
Victoria Falls in full glory as Zambezi water levels surge
The Zambezi River's rising water levels have dramatically amplified the splendour of Victoria Falls, creating a breathtaking natural showcase that is drawing the attention of both local and internatio...Published: 29 Apr 2025 at 19:34hrs | 1231 | by Staff reporter
ZIDA issues US$4,7 billion licences
Zimbabwe has recorded a major boost in investment interest, with the Zimbabwe Investment and Development Agency (ZIDA) issuing 207 new licences worth a combined US$4.7 billion during the first quarter...Published: 26 Apr 2025 at 09:36hrs | 117 | by Staff reporter
Zimbabwe rural industrialisation is underway
It is important that I begin by highlighting the changing face of rural industrialisation in Zimbabwe.My kick-off point is the advent of the Land Reform Programme as of Year 2000.With ...Published: 23 Apr 2025 at 22:44hrs | 558 | by Chris Mutsvangwa
Zimbabwe lifts exchange rate controls
Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability a...Published: 17 Apr 2025 at 07:36hrs | 11664 | by Staff reporter
Diaspora remittances surge 7,5% in February
Diaspora remittances to Zimbabwe grew by 7.5 percent in February 2025, reaching US$165 million, up from US$153.8 million in the same month last year. The increase highlights the continued importance o...Published: 26 Mar 2025 at 06:46hrs | 114 | by Staff reporter
Coltart frustrated by Glassblock Dam delays
Bulawayo Mayor David Coltart has expressed mounting frustration over the bureaucratic hurdles that are stalling the long-awaited Glassblock Dam project, a critical initiative aimed at ensuring a stabl...Published: 23 Mar 2025 at 08:27hrs | 1114 | by Staff reporter
Zimbabwe's dam levels show upward trend
The Zimbabwe National Water Authority (Zinwa) has reported that dam levels across the country continue to rise, although the rate of increase has slowed down due to reduced rainfall in some regions. D...Published: 12 Mar 2025 at 16:15hrs | 2582 | by Staff reporter
Alarm over major city dam's low water inflows
Bulawayo's water supply faces a growing crisis as one of its main water sources, Inyankuni Dam, has received only 6% of its designed inflows, a situation worsened by rampant illegal gold mining in the...Published: 09 Mar 2025 at 13:20hrs | 202 | by Staff reporter
Bulawayo dams remain critically low since Independence
Despite this year's above-normal rainfall season, Bulawayo could still face extended periods without water, with the local authority warning of a potential crisis that could rival some of the worst in...Published: 09 Mar 2025 at 13:17hrs | 104 | by Staff reporter
Bulawayo dam levels still low
WATER inflows into Bulawayo supply dams remain low despite the recent rains with the overall level for the six supply dams at 49.69 percent as of Monday 24 February 2025.This is despite some d...Published: 25 Feb 2025 at 16:25hrs | 2578 | by Staff reporter
Mnangagwa's Cabinet resolves to corner vendors
As Zimbabwe's economy continues to spiral downward, the government has introduced a series of controversial measures aimed at taxing the struggling informal sector and vendors to boost state revenue. ...Published: 12 Feb 2025 at 11:21hrs | 1253 | by Staff reporter
Zimbabwe's 2024 foreign currency receipts top US$13bn
Zimbabwe's foreign currency inflows grew by 21 percent in 2024, reaching US$13.3 billion compared to US$11 billion in 2023, driven primarily by an increase in export proceeds, according to the Reserve...Published: 12 Feb 2025 at 06:35hrs | 261 | 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
Zimbabwe's foreign currency reserves surge by 87%
The Reserve Bank of Zimbabwe (RBZ) has reported a significant increase in its foreign currency reserves, which have surged by 87% to reach US$550 million as of January 2025. This marks a substantial g...Published: 08 Feb 2025 at 12:49hrs | 3940 | by Staff reporter
Shunned by the West, Zimbabwe's UAE gamble hands economy a lifeline
Zimbabwean President Emmerson Mnangagwa's six years of wooing the United Arab Emirates has given a lifeline to a nation that the West has ostracised for a quarter century and is unable to repay its lo...Published: 06 Feb 2025 at 09:12hrs | 1321 | by Staff reporter
Mnangagwa touches off storm over US deportations
President Emmerson Mnangagwa has caused a stir after publicly backing United States President Donald Trump's decision to deport over 500 undocumented Zimbabweans, as part of the Trump administration's...Published: 06 Feb 2025 at 08:19hrs | 708 | by Staff reporter
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