Search / Liquidity constraints
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 | 232 | 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 | 57 | 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 | 202 | by Staff reporter
TelOne suffers liquidity crunch
State-owned telecommunications giant TelOne Private Limited is facing a serious liquidity crisis amid revelations that the government owes the company US$19.2 million for voice and data services rende...Published: 02 Jul 2025 at 09:37hrs | 201 | by Staff reporter
Growth prospects shine in Zimbabwe's construction markets
Construction markets in Zimbabwe and South Africa are expected to maintain a strong growth trajectory, creating favorable conditions for companies like PPC to enhance their competitiveness against imp...Published: 26 Jun 2025 at 09:17hrs | 166 | by Staff reporter
Construction boom in Zimbabwe spurs growth for PPC
The construction sectors in Zimbabwe and South Africa are showing strong signs of sustained growth, creating favourable conditions for companies like Pretoria Portland Cement (PPC) to increase competi...Published: 25 Jun 2025 at 15:53hrs | 192 | by Staff reporter
Zimbabwe's cashless push stumbles
Zimbabwe's digital payments ecosystem experienced a notable contraction in the first quarter of 2025, with the total value of electronic transactions processed through national payment systems falling...Published: 16 Jun 2025 at 14:42hrs | 117 | 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
RBZ blames liquidity crunch on hoarding of US dollars
The Reserve Bank of Zimbabwe (RBZ) has attributed the ongoing liquidity crunch in the economy to the hoarding of United States dollars, dismissing claims that the shortage is linked to limited supply ...Published: 26 May 2025 at 08:15hrs | 110 | by Staff reporter
FBC blames tight policy for choking transaction volumes
Financial services giant FBC Bank has attributed a sharp decline in transaction volumes to the Reserve Bank of Zimbabwe's (RBZ) continued tight monetary policy, which it says has squeezed liquidity an...Published: 16 May 2025 at 09:50hrs | 72 | by Staff reporter
Zimbabwe central bank urges banks to increase ZiG lending
With the Zimbabwe Gold (ZiG) currency now largely stable, the Reserve Bank of Zimbabwe (RBZ) has urged banks to increase lending in ZiG, assuring financial institutions that the risk of depreciation h...Published: 01 Mar 2025 at 08:56hrs | 205 | 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
Zimbabwe inflation eases
Zimbabwe's inflation rate eased significantly in November, marking a slowdown to 11.7% from 37.2% in October, according to the Reserve Bank of Zimbabwe (RBZ). The decline was attributed to the central...Published: 05 Dec 2024 at 11:08hrs | 498 | by Staff reporter
Construction thrives in Zimbabwe
Zimbabwe's construction sector is on the rebound despite the effects of currency volatility and an uncertain monetary policy framework.Piniel Mkushi, chairman of Cafca - the only cable manufac...Published: 22 Nov 2024 at 17:18hrs | 3212 | by Staff reporter
Zimbabwe bankers warn of price increases
Bankers in Zimbabwe are raising alarms about potential price increases and shortages of basic commodities following the recent devaluation of the Zimbabwe Gold (ZiG) by over 40% by the Reserve Bank of...Published: 03 Oct 2024 at 08:56hrs | 301 | by Staff reporter
BAZ, central bank meet over policy interventions
The Bankers Association of Zimbabwe (BAZ) held a crucial meeting with the Reserve Bank of Zimbabwe (RBZ) governor, Dr. John Mushayavanhu, on Monday to address key policy changes from the Monetary Poli...Published: 03 Oct 2024 at 08:44hrs | 66 | by Staff reporter
Tackling Zimbabwe's property price surge
The Zimbabwean property market is facing significant challenges, marked by skyrocketing property prices that seem incongruous when compared to those in neighbouring South Africa.These challeng...Published: 24 Jun 2024 at 10:13hrs | 99 | by Dr Bekithemba Mpofu
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 t...Published: 22 Oct 2023 at 14:06hrs | 1 | by Staff reporter
Mthuli Ncube urged to present USD budget for 2023
THE Zimbabwe Coalition on Debt and Development (Zimcodd) has called on Finance minister Mthuli Ncube to present the 2023 national budget in United States dollar terms to avoid the need for a supplemen...Published: 13 Oct 2022 at 05:57hrs | 1 | by Staff reporter
Zimdollar depreciation on parallel and RBZ markets eases
THE depreciation of the Zimbabwean dollar has begun to ease on both the parallel and official market following months of a sustained downward spiral which saw the local currency losing more than half ...Published: 18 Aug 2022 at 06:48hrs | 11 | by Staff reporter
Potraz records increase in revenue
The Postal and Telecommunication Regulatory Authority of Zimbabwe (Potraz), recorded significant revenue growth in all service markets in 2021 but also spent a lot more.Presenting the 20...Published: 13 Apr 2022 at 06:35hrs | | by Staff reporter
Mangudya ranked worst performing central bank governor in Africa
The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of 101 key countries and territories, including the European Union, the Eastern Carib...Published: 12 Jan 2022 at 05:13hrs | 15 | by Staff reporter
Companies struggle to raise US$2 billion
ZIMBABWE'S manufacturing companies have struggled to raise about US$2 billion in fresh capital to drive production back to pre-crisis levels, industry data indicated this week, as executives warned th...Published: 23 Jul 2021 at 08:53hrs | 4 | by Staff reporter
Proudly made in Zimbabwe
The advent of globalization has demonstrated that each country has expertise in a certain trade and there are commodities that resonate with certain countries more than others. It is often argued that...Published: 02 Feb 2021 at 00:25hrs | 5 | by Victor Bhoroma
'Cement pricing aligned with inflationary rise'
LEADING cement manufacturer, Pretoria Portland Cement (PPC), says despite the difficult trading conditions, average cement prices in the Southern Africa region last year increased marginally by betwee...Published: 06 Feb 2019 at 22:42hrs | | by Staff reporter
No South African bailout for Zimbabwe
Zimbabwe's plan to seek an emergency financial package from South Africa suffered a big blow after the region's economic powerhouse cited budgetary constraints as it prepares for its next general elec...Published: 20 Jan 2019 at 16:53hrs | 2 | by Staff reporter
The Hard Truth About The Fuel Price Increase
Sometimes the truth hurts. And in this case, it really hurts. The price increases were both necessary and proportional. The economy needs them. The country needs them. However there has be...Published: 17 Jan 2019 at 09:58hrs | 2 | by Faith Hope
Economic meltdown pushing many into poverty
As the festive mood grips the nation, there is a feeling among most Zimbabweans that the 2018 Christmas will be dull. Economic woes headlined by cash shortages, fuel shortages, multi-tier pricing and ...Published: 24 Dec 2018 at 16:52hrs | 1 | by Victor Bhoroma
PPC hit hard by foreign currency crisis
PPC Zimbabwe Ltd is stuck with R896 million (US$64,2 million) due to its parent company after the local company failed to remit rights issue proceeds and other amounts due to the Johannesburg Stock Ex...Published: 30 Nov 2018 at 09:31hrs | 1 | by Staff reporter
Fuel shortages resurface again
Government assured motorists yesterday that there were no shortages of fuel and urged them not to engage in panic buying after long queues built up at filling stations.Lengthy fuel queues were...Published: 22 Nov 2018 at 11:38hrs | 12 | by STaff reporter
Fuel prices go up again
Cost of fuel prices have gone up for the second time in two months, amid serious shortages of the commodity across the country.A survey by the Daily News yesterday showed that the price for bo...Published: 23 Oct 2018 at 07:06hrs | 1 | by Staff reporter
Nust 'takes over' unused firms
THE National University of Science and Technology (Nust) has identified 20 hectares of land and empty factory shells in Bulawayo, which it is targeting to use to design industry driven prototypes. ...Published: 20 Sep 2018 at 06:23hrs | 3 | by Staff reporter
Mthuli Ncube's five big challenges
NEWLY-APPOINTED Finance and Economic Development minister Mthuli Ncube faces the unenviable task of navigating Zimbabwe's stuttering economy through serious challenges and will need to make tough deci...Published: 16 Sep 2018 at 09:11hrs | | by Staff reporter
Zimbabwe industry capacity utilisation to exceed 50%
THE country's manufacturing sector capacity utilisation is set to exceed 50 percent this year on the back of gains achieved in the last two years, with more positive prospects under the new political ...Published: 07 Sep 2018 at 06:49hrs | 1 | by Staff reporter
Spotlight on Mnangagwa
PRESIDENT Emmerson Mnangagwa faces a herculean task after his inauguration this week as he comes under intense scrutiny on whether he can walk the talk during the next five years of his leadership aft...Published: 01 Sep 2018 at 13:47hrs | | by Staff reporter
Product dumping killing Zimbabwe industry
As local manufacturers struggle to raise foreign currency to import raw materials and equipment on one end, another uncontrolled delinquent flourishes on the other to their detriment. Cheap imports ha...Published: 07 Aug 2018 at 07:31hrs | 4 | by Victor Bhoroma
Mujuru to win the Zimbabwe presidential election on July 30
THREE years after she was unceremoniously fired from Zanu-PF and government, former vice-president Joice Mujuru will on July 30 contest her first election as an opposition candidate and she believes v...Published: 22 Jul 2018 at 10:36hrs | 1 | by Staff reporter
Zimbabwe ranked lowest on income equality
Southern Africa is one of the regions with unequal incomes in the world, with Zimbabwe ranked among the lowest in the region, a report released by the African Union (AU) and the Organisation for Econo...Published: 16 Jul 2018 at 16:08hrs | 4 | by Staff reporter
Nedbank Zimbabwe to give out home loans
Nedbank Zimbabwe, a unit of South Africa's Nedbank group will not be venturing into housing development like other local financial institutions but will rather focus on providing financial instruments...Published: 20 Mar 2018 at 05:47hrs | 2 | by Staff reporter
15 die in 13 road traffic accidents
FIFTEEN people died countrywide in 13 road traffic accidents recorded on Unity Day last Friday while four others were killed in another accident along the Harare-Beitbridge Highway early yesterday....Published: 25 Dec 2017 at 01:01hrs | | by Staff Reporter
Zimbabwe economy continues to shrink
ZIMBABWE's economy has continued to shrink, leading to growing unemployment and significant underemployment, an international research body has said.A recent Business Monitor International (BM...Published: 01 Aug 2017 at 07:08hrs | | by Staff reporter
Zimdollar return to be anchored by gold reserves
Government is working on a plan to establish a gold reserve set to anchor the introduction of a local currency when the right time comes for the return to the Zimdollar, it has been learnt.Thi...Published: 16 May 2017 at 06:35hrs | | by Staff reporter
Zimbabwe to tighten forex market, says Chinamasa
Government says Zimbabwe will go through a transition of moving from an over liberated foreign exchange market to a controlled one in order to deal with cash leakages which have resulted in liquid...Published: 23 Nov 2016 at 20:08hrs | | by Staff reporter
NMBZ records half-year before tax profit of $3,6 million
NMBZ Holdings, NMB Bank's holding company, recorded a profit before tax of $3,558 801 for the half-year ended June 30, 2016, resulting in an attributable profit of $2 640 274. The attributable...Published: 24 Aug 2016 at 13:20hrs | 2 | by Mike Hamilton
Manufacturing sector's capacity utilisation for 2016 stable: CZI
THE manufacturing sector's capacity utilisation for 2016 is expected to remain stable on last year's levels or marginally increase on the back of policy interventions introduced, Confederation of Zimb...Published: 22 Jul 2016 at 05:45hrs | | by Enacy Mapakame
Trust Bank bosses face litigation
THE Deposit Protection Authority has recommended litigation against directors of Trust Bank Corporation Ltd, for fraudulent conduct of business. KPMG, an agent of Depositors Protection Corpora...Published: 22 Jul 2016 at 05:35hrs | 3 | by Business Reporter
Tsvangirai fails to turn up, MDC-T demonstration fails to hit target
ABOUT 4 000 people yesterday took part in an MDC-T demonstration in Bulawayo, a far cry from the 30 000 that the organisers had expected to take part in the event. Protestors marched mainly ag...Published: 29 May 2016 at 10:31hrs | | by Dumisani Sibanda
Cash crisis erode public confidence in the banking sector
THE crippling cash crisis has potential of eroding public confidence in the banking system, MMC Capital has said.In the past two months clients have been restricted to withdrawing $200 daily....Published: 03 May 2016 at 09:29hrs | | by Staff Reporter
Zimbabwe dollar return a scare
There is a plethora of long term investments being sold to Zimbabweans including but not limited to pension funds, funeral, retirement, endowment, education and wealth funds. The future of these long ...Published: 20 Apr 2016 at 13:13hrs | | by Brian Sedze
Zero deposit stands for civil servants
OWNING a house especially if you are a lowly paid worker in Zimbabwe is a nightmare. But a Gweru-based property company, Zimbuild Property Investments, has come up with a zero deposit housing scheme t...Published: 20 Mar 2016 at 09:27hrs | | by Patrick Chitumba
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