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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 | 2902 | by Staff reporter
Zimbabwe's dodgy mandatory electrical inspections suspended
The Zimbabwe Energy Regulatory Authority (ZERA) has proposed a temporary suspension of mandatory electrical inspections for households and commercial buildings, citing the need for broader consultatio...Published: 05 Apr 2025 at 14:58hrs | 3495 | by Staff reporter
Zimbabwe reserves haulage and logistics industry for citizens
Zimbabwe's Finance Act 2024, published under General Notice I 345A of 2024, has introduced an amendment to the Indigenization and Economic Empowerment Act [Chapter 14:33], designating the Haulage and ...Published: 05 Apr 2025 at 10:40hrs | 8388 | by Staff reporter
Masca workers continue to raise concerns over a cocktail of issues
WORKERS at Medical Aid Society Central Africa (Masca) have said the Society continues to face an all-time high crisis in corporate governance, financial management, and member and service provider rel...Published: 26 Mar 2025 at 16:50hrs | 1339 | by Stephen Jakes
Bafana Bafana used an ineligible player against minnows Lesotho
South Africa's road to the 2026 Fifa World Cup has hit a potential roadblock following a yellow-card controversy surrounding midfielder Teboho Mokoena. Reports suggest that Mokoena may have been ineli...Published: 25 Mar 2025 at 19:54hrs | 600 | by Staff reporter
Zimbabwe ranks 3rd African country highest diesel prices
Unlike last month, when diesel prices in Africa were reported to have been fluctuating, diesel prices in the continent for the current month seems stable.While this may appear as a positive, i...Published: 21 Mar 2025 at 09:19hrs | 326 | by Staff reporter
Joining the George Ayittey Society is a step towards fighting for real change in Zimbabwe
My recent acceptance into the George Ayittey Society is an honour that fills me with immense humility and gratitude. To be part of a distinguished group of scholars, intellectuals, and researc...Published: 20 Mar 2025 at 17:12hrs | 283 | by Tendai Ruben Mbofana
Mudenda rejects coal mining proposal inside Hwange National Park
Speaker of Parliament, Jacob Mudenda, has firmly rejected a proposal to conduct coal mining within Zimbabwe's Hwange National Park, emphasizing that alternative coal-rich areas are available elsewhere...Published: 13 Mar 2025 at 07:44hrs | 892 | by Staff reporter
Zimbabwe courts US gas investors
Energy and Power Development Minister July Moyo has urged U.S. businesses to invest in Zimbabwe's vast gas reserves, which he says are three times larger than those found in South Africa. Speaking at ...Published: 08 Mar 2025 at 14:41hrs | 62 | by Staff reporter
Gold deliveries fall by 18% in February
Fidelity Gold Refinery (FGR) has reported an 18.06% decline in gold deliveries, with total deliveries falling to 2,568.2544 kilograms (kgs) last month, compared to 3,134.3456kgs in January. The declin...Published: 07 Mar 2025 at 07:00hrs | 55 | 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
Zimbabwe's liberation was the greatest farce of all time
The truth can be a bitter pill to swallow, but it needs to be taken if we are to heal our nation.Zimbabwe's liberation struggle, celebrated as a triumph over colonial oppression when independe...Published: 25 Feb 2025 at 21:11hrs | 1155 | by Tendai Ruben Mbofana
South Africa back to Stage 6 load shedding
Eskom announced that Stage 6 load shedding would continue on Sunday due to multiple trips at Camden Power Station. The national power utility said Stage 6 would continue until further notice. ...Published: 23 Feb 2025 at 10:52hrs | 395 | by Staff reporter
Chiredzi SMEs complement Vision 2030, empower less privileged
Over a thousand members drawn from Chiredzi rural and urban districts operating micro, small to medium enterprises are complementing government efforts to attain upper-middle income economic status by...Published: 22 Feb 2025 at 11:07hrs | 753 | by Gideon Madzikatidze/Simbarashe Sithole recently in Chiredzi
Zimbabwe govt moves to directly procure fuel
The Zimbabwean government intends to directly procure fuel for its own use and key economic sectors to lower costs and enhance competitiveness, Energy and Power Development Minister July Moyo has anno...Published: 22 Feb 2025 at 09:23hrs | 857 | by Staff reporter
World Bank implores Zimbabwe to maintain tight money supply
The World Bank has urged Zimbabwe to maintain its tight monetary policy stance and resist spending pressures to control inflation and ensure lasting exchange rate stability.Inflation in Zimbab...Published: 17 Feb 2025 at 09:00hrs | 257 | by Staff reporter
Zimbabwe's bullion-backed ZiG is missing out on gold's record run
Zimbabwe's bullion-backed currency is missing out on an impressive gold rally, because of a liquidity squeeze that's choking the economy and difficulties in exchanging the unit for dollars.Sin...Published: 14 Feb 2025 at 08:40hrs | 431 | by Staff reporter
Farmers in Matabeleland optimistic after rains
Farmers across Matabeleland are optimistic about a promising 2024/25 farming season following consistent rains that have rejuvenated crops, with the Government projecting a bumper harvest of 3.2 milli...Published: 14 Feb 2025 at 06:07hrs | 378 | by Staff reporter
Zimbabwe's gold reserves dwarfed by regional counterparts
Zimbabwe's gold reserves stood at 85,842.38 ounces (2.67 tonnes) as of December 31, 2024, valued at $223.8 million, according to an audit by BDO. The figures, based on international market prices, ref...Published: 13 Feb 2025 at 12:21hrs | 410 | by Staff reporter
Zimbabwe vendors required to use POS machines
The Government has introduced a directive requiring all vendors to use Point of Sale (POS) machines and open bank accounts as part of their registration process. This initiative, implemented in collab...Published: 13 Feb 2025 at 06:30hrs | 499 | by Staff reporter
Zimbabwe's gold coins sell for record $3,000 as bullion surges
Zimbabwe's gold coins sold above $3 000 for the first time since they were introduced almost three years ago as the price of bullion surged.The 22-carat "Mosi-Oa-Tunya" gold coins, named after...Published: 12 Feb 2025 at 06:39hrs | 745 | by Staff reporter
Concerns over RBZ's reduction of forex retention for horticulture exporters
The Horticultural Development Council (HDC) has expressed concerns about the Reserve Bank of Zimbabwe's (RBZ) recent decision to lower the foreign currency retention threshold for exporters from 75% t...Published: 10 Feb 2025 at 09:41hrs | 229 | by Staff reporter
Zimbabwe struggles to promote ZiG
THE Zimbabwean government faces challenges in promoting the Zimbabwe Gold (ZiG) currency for financial stability, as some businesses remain reluctant to accept it, preferring the U.S. dollar, which re...Published: 08 Feb 2025 at 12:52hrs | 582 | by Staff reporter
Zimbabwe's foreign currency reserves surge by 87%
The Reserve Bank of Zimbabwe (RBZ) has reported a significant increase in its foreign currency reserves, which have surged by 87% to reach US$550 million as of January 2025. This marks a substantial g...Published: 08 Feb 2025 at 12:49hrs | 3929 | by Staff reporter
Zimbabwe central bank goes after informal traders forex, exporters' proceeds
The Reserve Bank of Zimbabwe (RBZ) has announced a further reduction in export retention proceeds, cutting them by an additional 5%, as part of measures aimed at boosting foreign currency reserves and...Published: 07 Feb 2025 at 06:43hrs | 1181 | by Staff reporter
Zimbabwe raises savings rates, cuts POS charges
The Reserve Bank of Zimbabwe (RBZ) has introduced a series of bold monetary policy measures aimed at promoting the use of the Zimbabwe Gold (ZiG) currency and enhancing economic stability. These measu...Published: 07 Feb 2025 at 06:35hrs | 392 | 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 | 164 | by Staff reporter
Shunned by the West, Zimbabwe's UAE gamble hands economy a lifeline
Zimbabwean President Emmerson Mnangagwa's six years of wooing the United Arab Emirates has given a lifeline to a nation that the West has ostracised for a quarter century and is unable to repay its lo...Published: 06 Feb 2025 at 09:12hrs | 1318 | by Staff reporter
Bulawayo City Council maintains water shedding
Bulawayo City Council (BCC) has announced that the city's water-shedding regime will remain in place, despite recent heavy rains and the recommissioning of uMzingwane Dam. The move comes as the counci...Published: 05 Feb 2025 at 12:01hrs | 172 | by Staff reporter
Zimbabwe tightens noose on informal sector
The government has announced stringent measures aimed at protecting the formal sector from what it describes as unfair competition posed by informal traders.In a statement released on Friday f...Published: 01 Feb 2025 at 08:56hrs | 641 | by Staff reporter
'No one will starve in Masvingo,' Chadzamira
The Minister of State for Masvingo Provincial Affairs and Devolution, Ezra Chadzamira has confirmed that they are expecting a good harvest from normal rainfall currently received throughout the provin...Published: 28 Jan 2025 at 10:28hrs | 458 | by Gideon Madzikatidze/Simbarashe Sithole
What the hack is an 'upper middle-income society', Mr. Mnangagwa?
Let's be careful of trickery. When President Emmerson Mnangagwa began his first five-year term in 2018, he introduced an economic program called "Vision 2030." This vision promised Zim...Published: 27 Jan 2025 at 18:02hrs | 722 | by Tendai Ruben Mbofana
Zimbabwe gold shaft collapse kills seven people
Police in Zimbabwe said on Monday that seven artisanal miners were killed in a disused gold shaft when it collapsed at the weekend.Few details were given on the circumstances of the collapse o...Published: 21 Jan 2025 at 13:54hrs | 1610 | by Staff reporter
China's meddling in Zimbabwe's internal politics unwelcome and against international law
China's actions in Zimbabwe are becoming increasingly disturbing, with its flagrant interference in the country's internal political affairs going beyond what is acceptable under international law. ...Published: 12 Jan 2025 at 23:11hrs | 590 | by Tendai Ruben Mbofana
Zimbabwe gold reserves rise to $533 million
Zimbabwe's reserves backing the Zimbabwe Gold (ZiG) currency, including foreign currency and gold, have surged to US$533 million following a directive by President Emmerson Mnangagwa requiring 50% of ...Published: 12 Jan 2025 at 11:55hrs | 142 | by Staff reporter
Zimbabwe's dam water levels up by 1.59%
The Zimbabwe National Water Authority (ZINWA) reports an encouraging rise in water levels across the country's major dams, attributing the improvement to the ongoing wet spell experienced nationwide....Published: 11 Jan 2025 at 18:40hrs | 582 | by Staff reporter
Zimbabwe: A Nation rich in resources, yet reliant on aid from the miners of its wealth
Zimbabwe, a nation blessed with abundant natural resources, finds itself in a peculiar paradox: hosting foreign investors to exploit its gold, diamonds, and lithium while simultaneously relying on foo...Published: 11 Jan 2025 at 09:04hrs | 588 | by Ndou Paul
High Court reserves Ncube, Tshabangu ruling
The legal battle between Citizens Coalition for Change (CCC) acting president, Professor Welshman Ncube, and interim secretary-general, Senator Sengezo Tshabangu, over controversial changes to the par...Published: 31 Dec 2024 at 13:33hrs | 54 | by Staff reporter
85 000 Chinese nationals now living in Zimbabwe
I was astonished to hear the other day that there are now over 85 000 Chinese nationals living in Zimbabwe. I questioned this estimate and was told no, its real. What on earth are they doing here? The...Published: 30 Dec 2024 at 19:15hrs | 897 | by Eddie Cross
Sexual exploitation of female cross-border traders raises concern
The Zimbabwe Gender Commission (ZGC) has expressed serious concerns over the sexual exploitation of female cross-border traders at the country's ports of entry, highlighting a systemic problem of sexu...Published: 23 Dec 2024 at 05:48hrs | 599 | by Staff reporter
Mr. President, Zimbabwe's detractors are actually in the corridors of power
In his speech marking "National Unity Day," President Emmerson Mnangagwa reiterated an oft-repeated claim that Zimbabwe was under attack from supposed detractors. He declared, "The numerous at...Published: 23 Dec 2024 at 00:54hrs | 293 | by Tendai Ruben Mbofana
The impact of duty-free incentives in the 2025 national budget
The 2025 National Budget is a forward-thinking approach to economic recovery and national development, introducing strategic duty-free incentives aimed at empowering local industries, stimulating econ...Published: 17 Dec 2024 at 20:12hrs | 1056 | by Innocent Mujeri
Conman stage-manages robbery
The Zimbabwe Republic Police (ZRP) has arrested Khumbulani Sibanda (39) for allegedly fabricating a robbery report involving the theft of US$287,000 and an unregistered Toyota Allion vehicle. The inci...Published: 15 Dec 2024 at 09:19hrs | 1247 | by Staff reporter
Zimbabwean businessman eyes titanium value addition industry in Africa
Zimbabwean-born CEO Donovan Chimhandamba of South Africa-based Nyanza Light Metals has unveiled ambitious plans to establish a beneficiation and value addition industry for titanium minerals in Africa...Published: 14 Dec 2024 at 21:32hrs | 772 | 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 | 86 | by Staff reporter
Zimbabwe eyes record gold deliveries
The Government is poised to meet and potentially surpass its annual gold delivery target of 35 tonnes, with 32 tonnes already delivered to Fidelity Printers by the end of November, Mines and Mining De...Published: 10 Dec 2024 at 06:38hrs | 614 | by Staff reporter
BCC leases land for business to boost local economy
The City of Bulawayo has announced the opening of a new tender process inviting bids for the lease of several business premises across the city. This initiative is part of the local authority's effort...Published: 08 Dec 2024 at 09:52hrs | 120 | by Staff reporter
Zimbabwe's cash reserves cannot cover a month
The Zimbabwe National Chamber of Commerce (ZNCC) has raised alarm over the country's dwindling foreign currency reserves, warning that the current US$540 million is insufficient to cover even a single...Published: 06 Dec 2024 at 18:10hrs | 649 | 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 | 493 | by Staff reporter
Zimbabwe achieves record wheat harvest
Zimbabwe has achieved a record-breaking wheat harvest, with deliveries reaching 563,961 tonnes, significantly surpassing last year's 467,000 tonnes. This milestone marks the nation's largest wheat har...Published: 03 Dec 2024 at 08:48hrs | 83 | by Staff reporter
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