Search / Macro-economic stability
Great Zimbabwe Hydro-Power, Lake Mutirikwi ready for NDS-2
MASVINGO - The Great Zimbabwe Hydro-power plant at Lake Mutirikwi and other prominent sites are ready to continue transforming several communities within ...Published: 21 Feb 2025 at 13:12hrs | 6668 | by Gideon Madzikatidze/Simbarashe Sithole recently in Mutirikwi
Zimbabwe govt working on currency stability
In a comprehensive State of the Nation Address delivered yesterday at the new Parliament Building in Mt Hampden, President Emmerson Mnangagwa highlighted the government's ongoing efforts to stabilize ...Published: 03 Oct 2024 at 08:47hrs | 172 | by Staff reporter
Zimbabwe's ZiG primed for seamless international acceptance and usage
THE country's new currency, Zimbabwe Gold (ZIG) widespread acceptance locally will trigger a seamless acceptance regionally, Monetary Policy Committee member Mr Persistence Gwanyanya has said....Published: 10 Jul 2024 at 15:50hrs | 25 | by Staff reporter
'ZiG a game changer for economy'
President Mnangagwa has hailed the Zimbabwe Gold currency (ZiG), backed by gold, as a robust strategy for achieving currency stability and fostering economic growth. Speaking at the 10th CEO Africa Ro...Published: 17 Jun 2024 at 08:56hrs | 1 | by Staff reporter
Zimbabwe leverages on resources for economic stability
The backing of Zimbabwe's currency by gold and strategic mineral reserves is reflective of the Second Republic's determination to ensure the country's natural resources are leveraged to advance sustai...Published: 11 Apr 2024 at 08:37hrs | | by Staff reporter
Retailers, service providers switch to ZiG prices
SEVERAL businesses and key service providers had by yesterday successfully converted prices of their goods and services to the new Zimbabwe Gold (ZiG) currency to ensure smooth consumer transactions....Published: 10 Apr 2024 at 06:02hrs | 1 | by Staff reporter
Foreign currency dealers ditch trading spots
MOST illegal money changers popularly known as "Osiphatheleni" have abandoned their traditional trading spots in Bulawayo following the launch by the Government of the new gold-backed currency, the Zi...Published: 09 Apr 2024 at 06:20hrs | 4 | by Staff reporter
RBZ scraps bank charges for low-cost accounts
IN a move meant to encourage a culture of banking, the Reserve Bank of Zimbabwe (RBZ) has announced the scrapping of bank charges for low-cost accounts.Presenting his first Monetary Policy Sta...Published: 07 Apr 2024 at 10:06hrs | 1 | by Staff reporter
Zimbabwe's new currency notes out this week
ZIMBABWEANS were transacting exclusively in United States dollars yesterday as the country began transitioning to the new currency — Zimbabwe Gold (ZiG) — following unveiling of the new gold-backe...Published: 07 Apr 2024 at 10:06hrs | 2 | by Staff reporter
'Zimdollar will be defended'
THE Zimbabwe dollar will continue to be promoted and defended as it is crucial in boosting the operations of some companies, especially in the cooking oil sector, Finance, Economic Development and Inv...Published: 04 Mar 2024 at 04:42hrs | 1 | by Staff reporter
IMF not ready to extend financial support to Zimbabwe
THE International Monetary Fund's (IMF) two-week-long high-level visit ended on Wednesday amid revelations that no financial support will be extended to Zimbabwe without authorities undertaking seriou...Published: 15 Feb 2024 at 10:08hrs | 1 | by Staff reporter
Professor Ncube readies Zimbabwe's budget
AS Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, readies to present the 2024 National Budget tomorrow, expectations are high that it will consolidate prevail...Published: 29 Nov 2023 at 05:08hrs | 16 | by Staff reporter
Mthuli Ncube says Zimbabwe's economy remains on positive trajectory
The country's economy remains on a positive growth trajectory with the prevailing macro-economic stability expected to continue, Finance and Investment Promotion Minister Professor Mthuli Ncube has sa...Published: 03 Oct 2023 at 06:10hrs | 2 | by Staff reporter
Zimdollar future hangs in the balance
IT is imperative for every successful and expanding economy in the world to have its own currency and monetary policy. I make that statement because it is important for all Zimbabweans to understand t...Published: 12 Sep 2023 at 06:33hrs | | by Eddie Cross
Mthuli Ncube always wanted to be in politics
FINANCE and Economic Development Minister, Professor Mthuli Ncube, who is also the Zanu-PF parliamentary candidate for Cowdray Park constituency in Bulawayo says his participation in mainstream politi...Published: 08 Aug 2023 at 06:48hrs | 14 | by Staff reporter
Zimdollar demand soars
DEMAND for the Zimbabwean dollar continues to soar as more businesses and individuals seek to transact using the local currency, which has regained its lost value for the third consecutive time at the...Published: 05 Jul 2023 at 07:15hrs | 1 | by Staff reporter
Why Mnangagwa failed to improve Zim's economic prospects
IT is now more than five years since President Emmerson Mnangagwa assumed power with a mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, Robert Gabri...Published: 29 Jun 2023 at 06:29hrs | 17 | by Martin Majaji
Mthuli Ncube feels heat
THE government's ambitious growth projections are unlikely to be met because of protracted blackouts, which have stifled exports and further weakened the local currency.In December last year, ...Published: 02 Jun 2023 at 18:17hrs | 1 | by Staff reporter
RBZ clarifies new forex surrender policy
THE Reserve Bank of Zimbabwe (RBZ) is set to meet with the Bankers Association of Zimbabwe (BAZ) and Accountant General with a view to map the way forward on the use of foreign exchange from the 25 pe...Published: 02 Jun 2023 at 06:40hrs | 1 | by Staff reporter
Mthuli Ncube says currency manipulators won't rest
Currency manipulators and economic saboteurs will always be lurking about looking for opportunities and loopholes to unjustly profiteer but authorities will also be always ready to institute measures ...Published: 31 May 2023 at 06:58hrs | | by Staff reporter
Mnangagwa's govt to investigate the latest spate of basic commodity price hikes
A CABINET committee has been set up to investigate the latest spate of basic commodity price increases as Government moves to ensure corrective measures are taken to protect consumers. The int...Published: 10 May 2023 at 05:57hrs | 15 | by Staff reporter
Ministry engages industry over price hikes
The Government is engaging the manufacturing and retail sectors with a view of establishing their operational challenges and arresting business malpractices causing unprecedented consumer price hikes....Published: 09 May 2023 at 06:01hrs | 3 | by Staff reporter
Zimbabwe price spikes spook consumers
A NEW wave of price hikes, triggered by the plummeting local currency on the parallel market, has thrown many consumers off balance.As of yesterday, the local currency was trading between $1 8...Published: 26 Apr 2023 at 06:35hrs | | by Staff reporter
'Allocate more funds for Nkayi projects'
GOVERNMENT has been urged to increase funding in the 2023 budget to ensure speedy completion of the Bulawayo-Nkayi Road and Ziminya Dam projects, which would enhance economic activity and create more ...Published: 04 Oct 2022 at 06:08hrs | 1 | 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
Mthuli Ncube vows to punish government officials facilitating inflated tenders
FINANCE Minister, Mthuli Ncube has upped the anti- inflated- tender scams threatening to take disciplinary measures on any of the government officials found on the wrong side of facilitating such frau...Published: 19 Sep 2022 at 19:36hrs | 1 | by Staff reporter
Concern over reluctance to reduce prices
THE Parliamentary committee on Industry and Commerce has expressed concern over the reluctance by the business sector to reduce prices of goods and services in line with sustained and continued reduct...Published: 16 Sep 2022 at 06:04hrs | 1 | by Staff reporter
Mnangagwa moves to calm Zimbabwe investors
PRESIDENT Emmerson Mnangagwa this week moved to calm market concerns over the obtaining business climate, as he gave fresh undertakings to iron out hurdles to investment under his "Zimbabwe is Open fo...Published: 26 Aug 2022 at 20:47hrs | | by Staff reporter
Mnangagwa says 'don't be left behind'
LOCAL investors should not be left behind Zimbabwe's economic drive, which is expected to put them at the forefront of the ongoing transformation, modernisation and industrialisation, President Emmers...Published: 26 Aug 2022 at 06:33hrs | 1 | by Staff reporter
Mnangagwa says Zimbabweans must stop parroting foreign narratives
ZIMBABWEANS should believe in themselves despite the continued imposition of sanctions on the country and be inspired by the national interest to work harder to develop their own country rather than "...Published: 14 Aug 2022 at 07:21hrs | 1 | by Staff reporter
Zanu-PF made 235 poll promises, keeps 13
Zanu-PF made 235 electoral promises in the run up to the 2018 polls, but only managed to keep only 13, less than a year to polls in 2023, a non-governmental organisation has claimed.Independen...Published: 02 Aug 2022 at 06:48hrs | | by Staff reporter
Zimbabwe bans US$ sales discounts
FINANCE Minister, Mthuli Ncube on Monday traversed a tight passage as he balanced between the country's pressing economic needs and the tide of rising inflation prompted by external factors and low co...Published: 27 Jun 2022 at 19:06hrs | 7 | by Staff reporter
RBZ extends loan ban to individuals, corporates
THE Reserve Bank of Zimbabwe (RBZ) has extended the suspension of lending of both local and foreign currency units by an array of financial institutions to also cover corporates and individuals....Published: 11 May 2022 at 09:10hrs | | by Staff reporter
Govt spending worries stakeholders
The Government of Zimbabwe's spending is worrying the stakeholders who are concerned over the lack of service delivery compared to how public funds are spent.Zimbabwe Coalition of Debt and Dev...Published: 06 Apr 2022 at 22:18hrs | | by Stephen Jakes
IMF presses govt on currency reforms
THE International Monetary Fund (IMF) has called on the Zimbabwe government to implement outstanding structural reforms, including the removal of exchange rate restrictions.The recommendations...Published: 25 Mar 2022 at 18:01hrs | 3 | by Staff reporter
Mthuli Ncube's economic projections unrealistic
ECONOMIC analysts have dismissed Finance minister Mthuli Ncube's inflation and economic growth forecasts as unrealistic as they did not factor in the rising global oil crisis and the country's gallopi...Published: 25 Mar 2022 at 06:03hrs | 1 | by Staff reporter
RBZ clears US$200m auction forex backlog
The Reserve Bank of Zimbabwe (RBZ) says it has cleared the nearly US$200 million ring-fenced foreign currency backlog on the auction system.Governor, Dr John Mangudya said in an interview that...Published: 28 Feb 2022 at 05:18hrs | 1 | by Staff reporter
Govt moves to promote use of Zimdollar
THE Government has instituted measures to promote wider use of the Zimbabwe dollar in transacting, which will see some exporters settling up to 50 percent of their taxes in local currency.Trea...Published: 04 Feb 2022 at 21:24hrs | 1 | by Staff reporter
'Zimbabwe lacks political will to implement digitalisation programme'
GOVERNMENT lacks the political will to implement digitalisation programmes for public institutions, leaving the country lagging behind as the world migrates to e-technologies.This was said by ...Published: 24 Dec 2021 at 07:29hrs | 9 | by Staff reporter
Reserve Bank of Zimbabwe makes headway in clearing auction backlog
THE Reserve Bank of Zimbabwe (RBZ) has made progress in clearing the auction allotments backlog while monetary policy decisions instituted recently have helped to stabilise the exchange rate and price...Published: 12 Dec 2021 at 19:57hrs | 7 | by Staff reporter
Mthuli Ncube budget recipe for disaster, says MPs
LEGISLATORS yesterday threatened not to pass Finance minister Mthuli Ncube's $927 billion budget for 2022, describing it as a "useless recipe for disaster".Ncube presented his budget before Pa...Published: 30 Nov 2021 at 05:40hrs | 10 | by Staff reporter
Zimbabwean failure
LOOKING back over the past 40 years in Zimbabwe, I am surprised we are still here.In 1980, I was playing a small part in the transition from Rhodesia to Zimbabwe in that I was selected as one ...Published: 23 Nov 2021 at 05:57hrs | 12 | by Eddie Cross
Zesa imports extra 480MW
Zesa Holdings is set to add 480 megawatts to its supply over the next two months to bridge the power deficit that has resulted in increased load-shedding at a time it is battling annual losses of $1,5...Published: 22 Nov 2021 at 05:51hrs | 12 | by Staff reporter
President warns economic saboteurs
Economic saboteurs who are bent on derailing milestones of the Second Republic will be dealt with accordingly, without fear or favour, President Mnangagwa said. In his address to the Central C...Published: 29 Oct 2021 at 09:03hrs | 6 | by Staff Reporter
Govt threatens crackdown on businesses fuelling forex black market
GOVERNMENT has threatened to suspend operating licences for business entities manipulating the official foreign currency rate, thus fuelling the high parallel market exchange rate.In a stateme...Published: 08 Oct 2021 at 06:32hrs | 12 | by Staff reporter
Govt ups forex black market fight
GOVERNMENT is implementing a raft of additional measures to curb the illegal trading of forex and the benchmarking of prices using the parallel market rates, Finance and Economic Development Minister ...Published: 08 Oct 2021 at 06:26hrs | 1 | by Staff reporter
Noose tightened on Innscor and other retailers using black market rates
Retailers that continue to flout foreign currency regulations by setting prices in US dollars and then converting at the blackmarket rate will have their operating licences immediately suspended while...Published: 08 Oct 2021 at 06:26hrs | 1 | by Staff reporter
Mthuli, Mangudya target Innscor over iIllegal forex rates
THE Reserve Bank of Zimbabwe (RBZ) and Finance Minister are investigating Innscor and other companies using illegal exchange rates of as high as US$1: $200.This follows a public outcry Wednesd...Published: 07 Oct 2021 at 18:25hrs | 6 | by Staff reporter
'Zimbabwe bank charges too high'
INVESTMENT banker and business man Dr Nigel Chanakira says the prevailing banking sector charges are still too high and make the formal banking system expensive in an economy trying to rise from turmo...Published: 27 Sep 2021 at 06:14hrs | 2 | by Staff reporter
Mnangagwa proud of industry revival
PRESIDENT Mnangagwa yesterday expressed pride over the positive strides being registered by the country's industries - taking advantage of the supportive Government policy reforms. These have enhanced...Published: 24 Sep 2021 at 09:02hrs | | by Staff reporter
Load More Stories
