Search / Liquidity crunch
Zimbabwe gold makes currency history
Welcome Mavingire, managing consultant at INTELLEGO Investment Consultants, has hailed the Zimbabwe Gold (ZiG) currency's recent stability as the longest sustained period for a domestic currency in th...Published: 14 Jul 2025 at 08:10hrs | 724 | by Staff reporter
ZNCC urges RBZ to cut policy rate to 20%
The Zimbabwe National Chamber of Commerce (ZNCC) has urged the Reserve Bank of Zimbabwe (RBZ) to lower its bank policy rate from the current 35% to 20% in an effort to ease growing credit constraints ...Published: 08 Jul 2025 at 12:12hrs | 213 | 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 | 198 | by Staff reporter
Zimbabwe central bank increases ZiG liquidity to ZWG2bn
The Reserve Bank of Zimbabwe (RBZ) has raised the daily Zimbabwe Gold (ZiG) liquidity in the market from ZWG1.5 billion to ZWG2 billion in a move aimed at easing concerns over currency shortages and b...Published: 27 Jun 2025 at 18:25hrs | 1504 | 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
Mnangagwa meets IMF delegation amid worsening economic crisis
President Emmerson Mnangagwa yesterday held a high-level meeting with an International Monetary Fund (IMF) delegation currently in Zimbabwe for an Article IV Consultation, as the country grapples with...Published: 10 Jun 2025 at 10:10hrs | 978 | by Staff reporter
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
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
Seed firms crippled by Zimbabwe govt debt
Zimbabwe's seed industry is teetering on the edge of collapse as the government grapples with ballooning debt, having failed to pay seed suppliers nearly US$270 million over the past three farming sea...Published: 22 May 2025 at 11:36hrs | 224 | by Staff reporter
EU urges Zimbabwe firms to come up with bankable projects
The European Union (EU) ambassador to Zimbabwe, Jobst von Kirchmann, has called on local businesses to develop bankable projects to attract investment funding, as the EU recently secured over US$100 m...Published: 22 May 2025 at 09:40hrs | 97 | by Staff reporter
Zimbabweans rush into property
Zimbabweans are snapping up properties as a safe-haven against currency uncertainty and the frequent economic policy U-turns that have scared off investors, at a time when a popular hedge - the countr...Published: 11 May 2025 at 16:38hrs | 1690 | by Staff reporter
Zimbabwe's ZiG currency risks extinction stoked by policy choices
Zimbabwe's ZiG is heading toward failure, not through rapid devaluation, but through growing irrelevance, according to Imara Asset Management, the country's oldest independent brokerage.Unlike...Published: 16 Apr 2025 at 22:45hrs | 85 | 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
Tagwirei linked wealth managers in OK shares buying spree
Akribos Wealth Managers, a prominent asset management firm with connections to local businessman Kuda Tagwirei, has made a major splash in the Zimbabwean stock market by purchasing a combined 16,338,2...Published: 03 Mar 2025 at 13:03hrs | 12385 | 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
RBZ predicts further Zimbabwe economic downturn
The Reserve Bank of Zimbabwe (RBZ) has revised its 2024 economic growth forecast down to 2%, citing the severe drought's impact on economic activity. This is a sharp decline from earlier estim...Published: 06 Sep 2024 at 14:42hrs | 2589 | by Staff reporter
Cost-cutting money transfer facility launched
In the wake of liquidity crunch, economic meltdown and massive transaction taxation on remittances, TX Money Transfer has been launched this Wednesday to ease doing of business.The facility ha...Published: 11 Jul 2024 at 14:36hrs | 216 | by Edson Mapani in Buhera
Nampak cashes in on Zimdollar scarcity
PACKAGING materials supplier Nampak Zimbabwe says it has benefited from improved United States dollar collections during the third quarter ended June 2023 on the back of constrained local currency liq...Published: 16 Aug 2023 at 06:48hrs | 12 | by Staff reporter
Shops cash in on Zimdollar change shortage
ZIMBABWE is currently battling a local currency liquidity crisis which has resulted in large retail shops failing to give change to consumers who buy goods in United States dollars (US$), NewsDay has ...Published: 01 Aug 2023 at 06:31hrs | 10 | by Staff reporter
Mnangagwa warns against foreign interference
President Emmerson Mnangagwa has issued a warning to Western countries not to meddle in Zimbabwe's internal affairs, claiming that the country's people will remain united.He said this last wee...Published: 06 Jul 2023 at 17:53hrs | 1 | by Staff reporter
City council to auction 142 clamped vehicles
HARARE City Council is set to auction at least 142 vehicles impounded for violating traffic laws and never claimed by their owners who would have to pay fines and charges to get them back.The ...Published: 06 Jul 2023 at 08:09hrs | | by Staff reporter
Why Mnangagwa blocked Mthuli Ncube's export tax
PRESIDENT Emmerson Mnangagwa recently blocked Finance minister Mthuli Ncube's 10% tax on mining exports to pay arrears on the country's debt overhang - which makes it difficult for the government to b...Published: 02 Jul 2023 at 17:27hrs | 22 | by Staff reporter
Huge outcry over CCC led city vehicle clamping fine
While the outcry over Harare City Parking's fines continues to grow and a Government investigation has opened, a motorist is trying to get the High Court to rule that Harare City Council has no legal ...Published: 10 Mar 2023 at 05:16hrs | | by Staff reporter
Travellers can now take out US$10 000 cash
THE Reserve Bank of Zimbabwe yesterday doubled the amount of foreign currency in cash someone can physically carry on their person or in their baggage out of the country to US$10 000.Far large...Published: 02 Mar 2023 at 05:45hrs | 2 | by Staff reporter
Zimbabwe military gets permit to export raw lithium
EMBATTLED state arms manufacturer, the Zimbabwe Defence Industries (ZDI) has been controversially granted a special permit to export raw lithium by the government, a decision expected to inject life i...Published: 14 Jan 2023 at 16:28hrs | 11 | by Staff reporter
Government policy destroying the formal economy
Policy missteps and inconsistency has turned the Zimbabwean economy on its head against the formal sector, posing a threat to business continuity, domestic resource mobilization and formal employment....Published: 16 Dec 2022 at 00:06hrs | 9 | by Victor Bhoroma
'No easy road to recovery for Zimbabwe'
THE Zimbabwe National Chamber of Commerce (ZNCC) warned on Thursday that there would be no quick fix to the myriad of economic challenges afflicting the country.Zimbabwe is in the throes of an...Published: 30 Sep 2022 at 06:10hrs | 4 | by Staff reporter
Zimdollar shortage hits the country
ZIMBABWE has been hit by Zimdollar shortages, a situation that has resulted in long-winding queues resurfacing at banks throughout the country.Of late, banks have been disbursing less than $5 ...Published: 22 Sep 2022 at 06:04hrs | | by Staff reporter
Zimdollar to further strengthen?
The Zimbabwe dollar is likely to strengthen as extra strands in the policies to decrease the amount of local currency in bank accounts, while increasing the amount of foreign currency in official mark...Published: 20 Sep 2022 at 06:02hrs | 4 | by Staff reporter
Zimdollar exchange rate stability false, economists warn
ECONOMISTS yesterday warned that the current exchange rate stability, which is largely a result of local currency shortages on the market is "false" and will be short-lived.Economist Eddie Cro...Published: 15 Sep 2022 at 05:55hrs | 2 | by Staff reporter
Zimdollar shortage hits market
A SHORTAGE of Zimbabwe dollar notes has hit the market, plunging companies and individuals into an acute liquidity crisis.Experts say the liquidity crunch has resulted from low demand for good...Published: 02 Sep 2022 at 06:51hrs | 9 | by Staff reporter
Zimbabwe secures 300MW
ZESA Holdings has secured a 300 megawatt (MW) power import deal with regional suppliers as the energy crisis threatens to cripple industry and domestic consumers, confidential documents show.T...Published: 22 Jul 2022 at 10:43hrs | 10 | by Staff reporter
New toll fees raise dust
MOTORISTS are crying foul after the Zimbabwe National Roads Administration (Zinara) hiked toll fees by 73%, which will result in long-distance transporters hiking fares.In a statement, Zinara ...Published: 25 May 2022 at 06:34hrs | 1 | by Staff reporter
Zimbabwe power crisis worsens
STRUGGLING national power utility Zesa Holdings has extended a plea for help to big miners by constituting a group called the Energy Intensive Users Group (EIUG) to provide off-take guarantees in hard...Published: 06 May 2022 at 19:28hrs | 3 | by Staff reporter
Zimbabweans agonise over price hikes
A CROSS-SECTION of Zimbabweans, feeling the pinch of sporadic price hikes, have called for long-lasting measures to arrest the price increases as inflation continues to erode workers' salaries....Published: 27 Apr 2022 at 12:51hrs | | by Staff reporter
Zanu-PF demands opening of industries
THE ruling Zanu-PF party has called for urgent reopening of local industries to curb brain drain and migration of youths to other countries in search of employment opportunities.Zanu-PF Bulawa...Published: 22 Feb 2022 at 05:42hrs | 1 | by Staff reporter
Tsvangirai speaks from the grave
EXACTLY four years ago, the doyen of the country's democratic struggle died. It was only befitting that the late Morgan Richard Tsvangirai would die on Valentine's Day - on the day that the power of l...Published: 15 Feb 2022 at 05:37hrs | | by Luke Tamborinyoka
'There is a lot of hope than reality…': Richard Quest
ZANU PF's recklessness and corruption has dragged the Zimbabwean economy into the worst liquidity crunch. An economic catastrophe which can only be experienced in a war-torn country."There is ...Published: 04 Jul 2021 at 12:21hrs | 11 | by Prince Njagu
Meaningless ZANU PF Covid-19 Exit Strategy
The clueless Emmerson Mnangagwa-led government has been found wanting; as the widespread of COVID-19 continues to ravage through Zimbabwean communities and the government has done little in as far as ...Published: 07 Mar 2021 at 13:50hrs | | by Prince Njagu
Blind, inflated egos is not what Zimbabwe needs right now
REVELATIONS by Zimbabwe Heads of Christian Denominations (ZHOCD) this week that political dialogue to extricate the country from the current political and economic crises is hamstrung by selfishness a...Published: 12 Feb 2021 at 15:51hrs | 2 | by Staff reporter
'RBZ keeps black market guessing over $50 note'
ZIMBABWE'S markets are struggling to work out the full impact of a Reserve Bank of Zimbabwe (RBZ) move to inject a $50 note, which it sees as vital for stemming a dire liquidity crunch, according to r...Published: 22 Jan 2021 at 06:42hrs | 2 | by Staff reporter
Stringent govt lockdown requirements cripple companies
THE ministry of Industry and commerce has given industry a seven day moratorium to obtain exemptions to operate during the 30-day national lockdown while at the same time introducing stringent demands...Published: 10 Jan 2021 at 07:45hrs | 2 | by Staff reporter
Major shake-up looms at ZB Bank
A MAJOR shake-up is looming at ZB Financial Holdings (ZBFH), with veteran banker Nicholas Vingirai tipped to increase his stake in a deal that would make him the majority shareholder in the listed gro...Published: 09 Oct 2020 at 10:16hrs | 12 | by Staff reporter
Mugabe striking terribly hard in death
LAST week marked the first anniversary of the death of Robert Gabriel Mugabe, independent Zimbabwe's first president. Arguably one of the world's most shrewd and controversial politicians, the "larger...Published: 11 Sep 2020 at 07:18hrs | 1 | by Staff reporter
Call for meaningful reforms grow louder for Mnangagwa
PRESIDENT Emmerson Mnangagwa's recent jaunt to Japan in search of elusive investment has once again brought to the fore the futility of his numerous trips outside the country without introducing polit...Published: 06 Sep 2019 at 07:40hrs | 1 | by Staff reporter
IMF team to jet in for SMP review
A TEAM of International Monetary Fund (IMF) officials will arrive in Zimbabwe in the next two weeks for the first review of the Staff-Monitored Programme (SMP), which runs until March next year....Published: 30 Aug 2019 at 08:25hrs | 2 | by Staff reporter
Currency changes choke banks
ZIMBABWE'S banking sector is skating on thin ice due to a illiquidity crunch that has drastically reduced the financial institutions' capacity to lend following the reintroduction of a local currency,...Published: 25 Aug 2019 at 18:51hrs | 1 | by Staff reporter
'Zimbabwe economic outlook remains bleak'
THE outlook for the Zimbabwean consumer remains challenging, over the short term (2019-2020), with the economic collapse brought by a currency crisis leading to hyperinflation and widespread shortages...Published: 16 Aug 2019 at 08:23hrs | 1 | by Staff reporter
Zimbabwe construction sector in limbo
THE construction sector has performed dismally in the first half of the year with a number of contracts either shelved or cancelled altogether.As a result of the deepening economic crisis char...Published: 09 Aug 2019 at 08:06hrs | 1 | by Staff reporter
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