Search / Liquidity challenges
RBZ disburses ZiG350 million to key sectors
The RBZ announced it has disbursed ZiG350 million under its Targeted Finance Facility (TFF) to support key sectors of the economy, primarily manufac...Published: 14 Jul 2025 at 07:54hrs | 222 | by Staff reporter
TelOne struggles to attract investment
TelOne (Private) Limited is facing significant challenges in securing fresh capital for vital infrastructure expansion projects, as legacy debts inherited from the defunct Posts and Telecommunications...Published: 03 Jul 2025 at 12:29hrs | 125 | 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
Minister Ndlovu calls for collaboration to achieve rapid industrialisation
The Zimbabwean government is intensifying efforts to reduce the high cost of doing business and tackle the smuggling of counterfeit products, which have been negatively impacting the country's manufac...Published: 24 Apr 2025 at 07:22hrs | 46 | by Staff reporter
Zimbabwe to get fair harvest, says WFP
The United Nations World Food Programme (WFP) has forecast a favorable harvest for Zimbabwe in the 2024/25 cropping season, bringing much-needed relief to the nation as rainfall patterns show improvem...Published: 14 Apr 2025 at 09:18hrs | 287 | by Staff reporter
Zimbabwe central bank cuts exporter retention threshold
The Reserve Bank of Zimbabwe (RBZ) has reduced exporters' foreign currency retention threshold from 75% to 70% as part of efforts to promote the use of the domestic currency, the Zimbabwe Gold (ZiG), ...Published: 07 Feb 2025 at 06:34hrs | 186 | by Staff reporter
Zimbabwe's retail sector crisis worsens as shops continue closing
Zimbabwe's retail sector is facing an unprecedented crisis, with several major retailers and wholesalers forced to close branches amid a series of economic challenges. This Thursday, President Emmerso...Published: 01 Feb 2025 at 08:57hrs | 2054 | by Staff reporter
Zinwa financial rot exposed
An external audit conducted by Grant Thornton has raised serious concerns about the financial management at the Zimbabwe National Water Authority (Zinwa), revealing significant irregularities in its r...Published: 14 Dec 2024 at 12:35hrs | 2171 | by Staff reporter
'Counterfeits, financial instability imperil manufacturing sector'
Zimbabwean consumers are grappling with increasing difficulties, including the proliferation of counterfeit goods and financial instability, as the country's manufacturing sector struggles to grow. Pa...Published: 13 Dec 2024 at 09:39hrs | 49 | by Staff reporter
RBZ deputy governor says Zimbabwe banking sector is resilient, stable
Reserve Bank of Zimbabwe (RBZ) Deputy Governor, Innocent Matshe, has highlighted the continued resilience and stability of the country's banking sector, despite facing challenges such as liquidity iss...Published: 13 Dec 2024 at 09:36hrs | 88 | by Staff reporter
'ZSE left with two valuable counters'
The Zimbabwe Stock Exchange (ZSE) is witnessing a significant shift, with Delta Corporation Limited and Econet Wireless Zimbabwe now standing as the only major valuable counters on the bourse. Several...Published: 20 Nov 2024 at 07:03hrs | 199 | by Staff reporter
Innscor engages govt over tax
Innscor Africa Limited has raised concerns over high taxes and their detrimental impact on the company's profitability, warning that the escalating cost-push pressures are putting a strain on its fina...Published: 18 Nov 2024 at 15:06hrs | 196 | by Staff reporter
Zimbabwe's gold backed currency ZiG plummets by over 75%
The Reserve Bank of Zimbabwe (RBZ) today allowed the Zimbabwe Gold (ZiG) currency to fall by over 74% against the US dollar, following weeks of mounting pressure on the currency introduced in April. A...Published: 27 Sep 2024 at 13:56hrs | 961 | by Staff reporter
'Zimbabweans will stampede for ZiG by June'
Reserve Bank of Zimbabwe (RBZ) Governor, Dr. John Mushayavanhu has highlighted the impending surge in demand for the Zimbabwean dollar (ZiG) anticipated to occur by June. This surge is expecte...Published: 18 May 2024 at 11:47hrs | 110 | by Staff reporter
Zimbabwe forex policy chokes exporters
LISTED agricultural concern Ariston Holdings says the 25% export retention coupled with the huge disparity between the interbank exchange rate and the fair market rate used by suppliers is making some...Published: 31 Jan 2024 at 06:59hrs | 1 | by Staff reporter
Teacher exodus threatens the future of Zimbabwe's education system
KUDZAI Chideme, 42, stepped into the teaching profession after completing her diploma in marketing and failing to secure a job in the private sector. It was 2008. At the time, finding work in public e...Published: 25 Jan 2024 at 04:17hrs | 18 | by Staff reporter
Shaky ground hinders Redwing Mine rescue efforts
UNSTABLE ground at Redwing Mine in Penhalonga, Manicaland province, has reportedly stalled efforts to rescue nearly a dozen artisanal miners trapped underground on Thursday.In a statement, Met...Published: 05 Jan 2024 at 16:29hrs | 12 | by Staff reporter
Zimbabwe urged to cut sugar imports to avert collapse of local industry'
To safeguard local producers grappling with declining sales, it is advisable to halt sugar imports into Zimbabwe. Concerns have arisen that by March of next year, the country could find itself burdene...Published: 19 Sep 2023 at 06:25hrs | 2 | by Staff reporter
Zimbabwe companies edgy ahead of next week's elections
Zimbabwean companies – among them the local unit of South Africa-listed Nampak – are holding their breath as business uncertainty pervades the southern African country ahead of elections next week...Published: 19 Aug 2023 at 16:29hrs | 2 | by Staff reporter
Reserve Bank of Zimbabwe bails out 3 banks
THE Reserve Bank of Zimbabwe (RBZ) has used its lender of last resort (LoLR) facility to bail out three distressed banks which had run out of liquidity following the steep depreciation of the local cu...Published: 16 Aug 2023 at 06:49hrs | 17 | by Staff reporter
Zimbabwe experienced a significant increase in macroeconomic fluctuations in June 2023
Zimbabwe Coalition on Debt and Development has said Zimbabwe experienced a significant increase in macroeconomic fluctuations in June 2023, with the local currency losing over 55% of its value in both...Published: 25 Jul 2023 at 12:42hrs | 17 | by Stephen Jakes
'Zimdollar will never die'
ZIMNAT Asset Management says the Zimbabwe dollar, which has lost 99% of its value since it was reintroduced in 2019, will not collapse, but rather get relegated to low value transactions.At th...Published: 21 Jun 2023 at 06:24hrs | 4 | by Staff reporter
Who sent Mthuli Ncube to Zimbabwe?
Mthuli Ncube was the founder of the Barbican Bank, an elite institution that faced serious liquidity challenges, was involved in rampant fraudulent foreign exchange activities among other vices. After...Published: 28 May 2023 at 15:58hrs | 3 | by Sam Wezhira
Above-normal rainfall predicted for March
THE United States Agency for International Development (USAid)'s food security arm, the Famine Early Warning Systems Network (FEWS NET), has predicted above-normal rainfall for March, a change from th...Published: 06 Mar 2023 at 05:19hrs | 1 | by Staff reporter
Zimbabwe risks another currency collapse
FULL dollarisation remains an unviable proposition for Zimbabwe, defiant Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya says, despite the economy rapidly gravitating toward self-redollarisat...Published: 12 Feb 2023 at 07:20hrs | 1 | by Staff reporter
Rogue lawyers connive with bogus estate agents
SOME rogue lawyers in Bulawayo are reportedly conniving with bogus estate agents to defraud homeseekers as demand for housing surges.Police in Bulawayo recorded 32 fraud cases involving the sa...Published: 03 Aug 2022 at 06:42hrs | | by Staff reporter
Zimbabwe's construction boom chokes suppliers
ZIMBABWE is experiencing a massive boom in housing construction spearheaded by the Government and private developers, which has choked supplies of critical raw materials with suppliers now struggling ...Published: 18 Jul 2022 at 08:25hrs | 3 | by Staff reporter
Mupfumira faces fresh trial
FORMER Public Service minister Priscah Mupfumira and her then permanent secretary Ngoni Masoka's abuse of office trial will restart on September 15.Mupfumira and Masoka, represented by Admire ...Published: 22 Jun 2022 at 06:45hrs | 1 | by Staff reporter
Zesa, Zesco struggle hits ZRA project
THE Zambezi River Authority (ZRA) is struggling to settle its US$144 million loan to finance the Kariba Dam Rehabilitation Project due to failure by Zesa Holdings and Zambia Electricity Supply Corpora...Published: 08 Apr 2022 at 12:10hrs | 4 | by Staff reporter
Motor Action Football Club set to bounce back
THERE was a time when the now-defunct Motor Action was a force to reckon with in the local Premiership football both on and off the field.They were difficult to beat and one of their most famo...Published: 31 Mar 2022 at 08:35hrs | | by Staff reporter
Old equipment stifles Zimbabwe pharmaceutical sector
OBSOLETE equipment is currently stifling the operations of the pharmaceutical sector in Zimbabwe amid concerns over the influx of cheap imported drugs and counterfeit products on the market.Th...Published: 16 Nov 2021 at 05:43hrs | 5 | by Staff reporter
US$7,1 billion to address Zesa power shortages
INCESSANT power cuts bedeviling the country are a passing phase, as power utility Zesa Holdings will invest US$7,1 billion in the next 10 years to simultaneously address current challenges and i...Published: 14 Nov 2021 at 05:39hrs | 15 | by Staff reporter
Zesa reassures nation
INCESSANT power cuts currently being experienced around the country are a passing phase, as power utility zesa Holdings will invest US$7,1 billion in the next 10 years to simultaneously address curren...Published: 14 Nov 2021 at 05:36hrs | 9 | by Staff reporter
Mnangagwa turns 79
PRESIDENT Emmerson Mnangagwa today celebrates his 79th birthday with the dream of a better and greater Zimbabwe still his main mission. Since his inauguration in November 2017, Mnangagwa has remained ...Published: 15 Sep 2021 at 06:19hrs | 2 | by Staff reporter
Zimbabwe's IMF funds targeted for industry
A portion of the US$961 million received from the International Monetary Fund (IMF) in the form of Special Drawing Rights (SDRs) could be used to extend concessionary loans to industry.The IMF...Published: 29 Aug 2021 at 07:10hrs | 1 | by Staff reporter
Zim students' battle to get internship
NGQABUTHO Mhlophe spends his days at home, burrowing around the internet in search of a marketing internship.A second-year student at the National University of Science and Technology, he need...Published: 25 Jul 2021 at 08:21hrs | 14 | by Staff reporter
Schools opening in doubt
TEACHERS yesterday said they might not be able to resume their duties when schools open for the second term this monthend if government fails to capacitate them.The teachers are also demanding...Published: 19 Jun 2021 at 14:58hrs | 4 | by Staff reporter
Eight meter-readers available for entire city
THE Bulawayo City Council (BCC) could have put themselves on a collision course with residents as it has emerged that they have been estimating water bills since the beginning of the year.In a...Published: 11 Apr 2021 at 05:43hrs | | by Staff reporter
Mnangagwa's govt fails to buy security vehicles
MORALE in the security services may soon hit rock bottom as the government battles to plug a massive backlog of personal service vehicles for senior officers amid deteriorating working conditions, The...Published: 27 Feb 2021 at 19:00hrs | 4 | by Staff reporter
Zimbabwe's economic outlook for 2021
Zimbabwe's economy ended the year 2020 on a fairly stable note due to the return of the multi-currency regime and decline in general inflation levels in the market. Headwinds caused by incessant power...Published: 08 Jan 2021 at 21:02hrs | 1 | by Victor Bhoroma
The soft peg and local economic stability
Zimbabwe introduced the Dutch inspired foreign exchange auction system on the 23th of June to replace the fixed exchange rate (hard peg) of US$1: ZW$25 that had been in existence since 26 March 2020. ...Published: 08 Jan 2021 at 20:58hrs | 4 | by Victor Bhoroma
Govt interference on ZSE queried
STOCK exchange stakeholders spoke for the first time this week since the Zimbabwe Stock Exchange (ZSE) was shut down in June, questioning the powers behind its shutdown and warning government not to r...Published: 20 Nov 2020 at 06:09hrs | 3 | by Staff reporter
Chamisa speaks on Zimbabwe sanctions
MDC Alliance leader Nelson Chamisa yesterday said the government was using sanctions to divert Zimbabweans' attention from its failure to deliver on promises to improve citizens' lives.The gov...Published: 25 Oct 2020 at 08:06hrs | 1 | by Staff reporter
SAA awaits approval to repatriate blocked funds from Zimbabwe
The airline's rescue practitioners, Les Matuson and Siviwe Dongwana, have already accepted the mining company's offer to pay South African Airways (SAA) in exchange for access to its funds in Zimbabwe...Published: 23 Oct 2020 at 08:33hrs | 2 | by Staff reporter
'Zimbabwe's money laundering threat, vulnerability risk ranked medium'
Zimbabwe lost an average $900 million per year between 2014 and 2018 to money laundering but the country's money laundering threat was assessed to be medium, according to the Financial Intelligence Un...Published: 05 Oct 2020 at 18:27hrs | | by Staff reporter
Zanu-PF wants to be given more time
ZANU-PF has pleaded with the electorate to give it more time to resolve the country's economic mess, saying the 40 years the party has been in power was not long enough for an economic turnaround. ...Published: 09 Sep 2020 at 08:25hrs | | by Staff reporter
Mnangagwa top ally 'Queen B' in $1 billion storm
TREASURY failed to account for about US$1,03 billion it paid to Sakunda Holdings, a company owned by President Emmerson Mnangagwa's close ally and adviser, Kudakwashe Tagwirei, under the fabled Comman...Published: 27 Aug 2019 at 07:50hrs | 2 | by Staff reporter
Government debts weigh on TelOne
State owned fixed telecommunications giant TelOne says unpaid Government debts amounting to $93 million, 62 percent of total debt, are largely the reason it has struggled to meet obligations to critic...Published: 05 Jul 2019 at 07:51hrs | | by Staff reporter
PPC Zimbabwe revenue declines by 20%
PRETORIA Portland Cement (PPC) says revenue at its Zimbabwean entity declined by 20%, compared to last year, due to a weaker cement market, clinker shortages and depreciation in the functional currenc...Published: 02 Jul 2019 at 08:33hrs | | by Staff reporter
Zimbabwe confirms Eskom payment
Government yesterday confirmed paying US$10 million to South African power utility, Eskom, to service the debt to the power utility - and the money was set to be in the receiver's bank by end of day y...Published: 02 Jul 2019 at 08:13hrs | 1 | by Staff reporter
Load More Stories
