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Why Zimbabweans rue plan to ditch US dollar?
Zimbabwe's plans to drop the US dollar in five years is already causing jitters in an economy that has suffered nearly two decades of currency volatility and bouts of record hyperinflation.Har...Published: 7 hrs ago | 514 | by Staff reporter
2030: Zimbabwe will be using domestic currency
THE Reserve Bank of Zimbabwe (RBZ) has announced plans for a structured transition from the current multicurrency system to a domestic monetary framework, aimed at ensuring business continuity and eco...Published: 13 Aug 2025 at 12:35hrs | 383 | by Staff reporter
Zera announces drop in LPG prices
THE Zimbabwe Energy Regulatory Authority (Zera) has announced a reduction in Liquefied Petroleum Gas (LPG) prices in both US dollars and local currency for August 2025.In its latest update, Ze...Published: 13 Aug 2025 at 12:10hrs | 156 | by Staff reporter
Zera reviews ZiG fuel prices downwards
The Zimbabwe Energy Regulatory Authority (ZERA) has announced a downward revision of fuel prices in local currency, effective from August 8 until September 4, 2025. The move follows the authority's ro...Published: 10 Aug 2025 at 19:20hrs | 350 | by Staff reporter
NetOne posts record growth
State-owned mobile network operator NetOne has delivered a historic performance, posting record revenue and profit growth while aggressively expanding its high-speed 4G and 5G networks in a bold push ...Published: 09 Aug 2025 at 16:52hrs | 192 | by Staff reporter
RBZ upholds tight monetary policy to protect ZWG
The Reserve Bank of Zimbabwe (RBZ) on Thursday reaffirmed its tight monetary policy stance as a key strategy to conserve the local currency, despite mounting pressure from industry players to ease bor...Published: 08 Aug 2025 at 08:59hrs | 158 | by Staff reporter
Zimbabwe races to implement IMF-backed reforms
Zimbabwe is racing to implement wide-ranging fiscal and monetary reforms agreed with the International Monetary Fund (IMF), as the country seeks to exit its long-standing debt crisis, rebuild trust wi...Published: 07 Aug 2025 at 17:16hrs | 457 | by Staff reporter
Zimbabwe's brief gold coin revival ends with little impact
Zimbabwe's central bank has ended its short-lived reintroduction of gold coins, citing high demand and rising international prices, but economists say the effort had little macroeconomic effect and of...Published: 07 Aug 2025 at 09:07hrs | 150 | by Staff reporter
Zimbabwe revises upwards agric sector growth to 21.1%
The government has sharply revised upwards its projected growth for the agricultural sector to 21.1% in 2025, up from an earlier forecast of 12.8%, largely due to the positive impact of the La Niña w...Published: 07 Aug 2025 at 08:58hrs | 65 | by Staff reporter
Zimbabwe govt urged to act on speculative pricing
The Consumer Council of Zimbabwe (CCZ) has urged enhanced cooperation between the Ministry of Finance, the Reserve Bank of Zimbabwe (RBZ), and consumer rights bodies to tackle rampant speculative pric...Published: 06 Aug 2025 at 08:53hrs | 66 | by Staff reporter
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 | 233 | 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
NEC reviews wages for agricultural sector workers
The National Employment Council (NEC) for Zimbabwe's agricultural industry has announced an upward revision of minimum wages and allowances for workers in the sector, effective from June 1, 2025....Published: 04 Aug 2025 at 08:46hrs | 347 | by Staff reporter
Gold Backed Currency vs Dollarisation: Lessons from Zimbabwe's New ZiG
Since April 2024, Zimbabwe has started a new monetary policy by introducing a gold-backed currency known as the Zimbabwe Gold (ZiG), to get rid of its reliance on the U.S. dollar. In t...Published: 03 Aug 2025 at 23:27hrs | 456 | by Staff Reporter
Zimbabwe slides into a spaza nation
Zimbabwe's commercial landscape is undergoing a profound transformation - and not for the better. Across major cities, once-thriving formal businesses have either shuttered or drastically downsized, t...Published: 01 Aug 2025 at 13:17hrs | 812 | by Staff reporter
Zimbabwe on track for 6% growth
Zimbabwe is on track to achieve a forecasted 6% economic growth in 2025 helped by good agricultural output and strong commodity prices, Finance Minister Mthuli Ncube said on Thursday.The South...Published: 01 Aug 2025 at 10:00hrs | 263 | 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 polic...Published: 31 Jul 2025 at 12:58hrs | 333 | by Staff reporter
RBZ warns against price instability
The Reserve Bank of Zimbabwe (RBZ) has issued a cautionary note on the dangers posed by exchange rate volatility, stressing that fluctuations in the value of the local currency could severely undermin...Published: 31 Jul 2025 at 08:19hrs | 247 | by Staff reporter
Tagwirei must be stopped, says Biti
Former Finance Minister Tendai Biti has launched a scathing attack on controversial businessman Kudakwashe Tagwirei, accusing him of plundering Zimbabwe's economy and warning that his presidential amb...Published: 29 Jul 2025 at 15:47hrs | 500 | by Staff reporter
Delta Corporation faces labour challenges in South Africa
Zimbabwean beverage giant, Delta Corporation, is experiencing contrasting fortunes in its regional markets after it battled labour disruptions in South Africa and recorded brisk business for its lager...Published: 29 Jul 2025 at 08:54hrs | 422 | 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 (...Published: 28 Jul 2025 at 18:58hrs | 163 | by Staff reporter
Mutapa, RBZ push for economic transformation
The Mutapa Investment Fund and the Reserve Bank of Zimbabwe (RBZ) have pledged to play pivotal roles in driving economic transformation and ensuring financial stability as the nation accelerates effor...Published: 28 Jul 2025 at 14:18hrs | 203 | by Staff reporter
Zimra, Delta in fresh spat over taxes
The Zimbabwe Revenue Authority (Zimra) is demanding an additional US$73 million in tax from Delta Corporation Limited, escalating tensions between the tax agency and one of the country's largest corpo...Published: 27 Jul 2025 at 21:04hrs | 516 | by Staff reporter
RBZ reveals strategy towards shift to mono-currency
Zimbabwe's central bank is stepping up efforts to build up foreign currency reserves in preparation for a planned transition to a mono-currency regime by 2030, Reserve Bank of Zimbabwe (RBZ) Governor ...Published: 25 Jul 2025 at 18:01hrs | 794 | by Staff reporter
Report exposes dire working conditions in Zimbabwe's education sector
Zimbabwe's public education sector is teetering on the brink of collapse due to poor working conditions, meagre salaries, and government neglect, according to a new report released by the Amalgamated ...Published: 22 Jul 2025 at 09:14hrs | 238 | by Staff reporter
Zimbabwe's plan to make ZiG sole currency faces sharp criticism
Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu has recently suggested making the local currency, the Zimbabwe Gold coin (ZiG), the sole legal tender in the country. Despite Mushayavanhu's c...Published: 18 Jul 2025 at 08:52hrs | 1195 | by Staff reporter
Govt okays 10-day holiday lessons for exam classes
The Government has authorized schools to conduct extra lessons for examination classes - Grade 7, Form Four, and Form Six - for up to 10 days during the August school holiday. The move aims to boost e...Published: 17 Jul 2025 at 20:54hrs | 323 | by Staff reporter
Ziyambi says no urgent need for civil servants' cost-of-living adjustment
Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi has dismissed calls for an urgent review of civil servants' cost-of-living allowances, citing what he described as stable inflation le...Published: 17 Jul 2025 at 20:52hrs | 771 | by Staff reporter
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 | 733 | by Staff reporter
'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 | 134 | by Staff reporter
Delta loses US$74 million tax battle with ZIMRA
Delta Corporation has faced a major setback in its prolonged legal dispute with the Zimbabwe Revenue Authority (ZIMRA) after the Constitutional Court dismissed its appeal challenging previous rulings ...Published: 13 Jul 2025 at 11:16hrs | 102 | by Staff reporter
Zesa western region contract workers down tools
More than 30 contract workers operating hired vehicles for the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) in the western region have downed tools in protest over what they desc...Published: 11 Jul 2025 at 08:26hrs | 321 | by Staff reporter
Mahere wins US$100,000 in damages against 'Baba Jukwa' by default
Former opposition legislator and lawyer Advocate Fadzayi Mahere has been awarded US$100,000 in damages after the High Court ruled in her favour in a defamation lawsuit against journalist Edmund Kudzay...Published: 10 Jul 2025 at 16:32hrs | 752 | 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 | 130 | 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 | 214 | by Staff reporter
Cotton farmers earn over US$3 million
Zimbabwean cotton farmers have sold more than US$3 million worth of seed cotton to the Cotton Company of Zimbabwe (Cottco) so far this season, with the state-run firm confirming it is paying growers e...Published: 03 Jul 2025 at 19:10hrs | 143 | by Staff reporter
Zimbabwe's RBZ scraps heavy-handed forex controls
The Reserve Bank of Zimbabwe (RBZ) has officially abandoned its stringent enforcement of exchange rate controls, marking a significant policy shift aimed at fostering market stability, restoring busin...Published: 03 Jul 2025 at 12:32hrs | 1690 | 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 | 170 | by Staff reporter
Ministry fails to pay US$180 000 CDU workshop allowances to teachers
Nearly a year after hosting nationwide syllabus review workshops, the Ministry of Primary and Secondary Education (MoPSE) is yet to pay over US$180,000 owed to participants, sparking outrage among edu...Published: 02 Jul 2025 at 12:03hrs | 256 | by Staff reporter
RBZ's decision to halt gold coin sales has drawn warnings
The Reserve Bank of Zimbabwe (RBZ)'s decision to suspend the sale of gold coins has drawn warnings from an economic analyst, who says the move could expose the Zimbabwe Gold (ZWG) currency to inflatio...Published: 30 Jun 2025 at 09:15hrs | 2595 | 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 | 292 | 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...Published: 28 Jun 2025 at 15:17hrs | 305 | 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 | 1511 | by Staff reporter
Zimbabwe Parliament demands removal of punitive taxes
Parliament has sharply escalated pressure on Treasury to urgently scrap punitive taxes, including the highly contentious 2% Intermediated Money Transfer Tax (IMTT), by August 31, 2025, in a bid to hal...Published: 26 Jun 2025 at 11:25hrs | 1732 | by Staff reporter
Zimbabwe's businesses sound alarm over volatile ZiG
Zimbabwe's business leaders have expressed deep concern over the persistent volatility of the Zimbabwe Gold (ZiG) currency, warning that ongoing instability is crippling industrial growth and eroding ...Published: 26 Jun 2025 at 11:21hrs | 1074 | by Staff reporter
When Mnangagwa buries his colleagues, does he ever reflect on the legacy he will leave behind?
Life offers us countless moments for introspection - but it is up to us to seize them.This evening, I watched a news bulletin covering the burial of the late Luke Mushore - another in a long l...Published: 24 Jun 2025 at 11:29hrs | 695 | by Tendai Ruben Mbofana
It will take more than Mnangagwa's gold vault tour to restore public trust in the ZiG
There's a saying: trust is built over time - but can be destroyed in an instant, and once broken, confidence is not only shattered, but painfully difficult to rebuild.President Emmerson Mnanga...Published: 23 Jun 2025 at 18:56hrs | 351 | by Tendai Ruben Mbofana
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
ZiG usage surges to half of all transactions in Zimbabwe
Nearly half of all transactions processed through Zimbabwe's National Payment System are now being conducted in Zimbabwe Gold (ZiG), marking a dramatic rise in adoption of the country's gold-backed cu...Published: 22 Jun 2025 at 11:05hrs | 1786 | by Staff reporter
Zimbabwe's economy continues to register positive strides
ZIMBABWEAN President Emmerson Mnangagwa said on Saturday that the country's economy continues to register positive strides.In a post on X, the president said that economic growth is being driv...Published: 22 Jun 2025 at 09:00hrs | 50 | by Staff reporter
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