Search / Reserves
RBZ disburses ZiG350 million to key sectors
The RBZ announced it has disbursed ZiG350 million under its Targeted Finance Facility (TFF) to support key sectors of the economy, primarily manufac...Published: 14 Jul 2025 at 07:54hrs | 215 | 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 | 133 | by Staff reporter
King Munhumutapa unveils self-drafted 'constitution'
Bogus king in another daring actStandardSelf-styled King Munhumutapa, born Timothy Chiminya, has once again stirred controversy by unveiling a self-drafted "constitution" last week that outlin...Published: 13 Jul 2025 at 11:32hrs | 150 | by Staff reporter
Zimbabwe currency reserves backing ZiG climb to record
Gold and foreign-currency reserves backing Zimbabwe's bullion-linked monetary unit rose to a record in June, the central bank said.The reserves climbed to $731 million from $639 million in May...Published: 11 Jul 2025 at 08:55hrs | 958 | by Staff reporter
Battle over Zanu-PF co-option process
Zanu-PF is scrambling to finalise an internal circular clarifying its co-option procedures following a fierce internal dispute over the controversial attempt to usher businessman Kudakwashe Tagwirei i...Published: 10 Jul 2025 at 11:42hrs | 1802 | by Staff reporter
Illegal lithium exports undermine Zimbabwe's mineral wealth
In 2023, Peter, a truck driver, approached a border checkpoint between Zimbabwe and Mozambique carrying a sealed container he believed held chrome, a mineral listed on the shipment paperwork. Having t...Published: 10 Jul 2025 at 09:00hrs | 236 | 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 | 125 | by Staff reporter
Zida warns US$43,12m at stake in haulage, logistics industry
The Zimbabwe Investment and Development Agency (Zida) has raised alarm over the potential loss of US$43.12 million in foreign investment in the haulage and logistics sector, following the implementati...Published: 10 Jul 2025 at 08:52hrs | 233 | by Staff reporter
Govt tasks ARDA to deliver 850 000t grain annually
The Government of Zimbabwe has officially restructured the Agricultural and Rural Development Authority (ARDA), assigning it a pivotal role as the country's main food security agency. ARDA is now mand...Published: 09 Jul 2025 at 08:04hrs | 147 | by Staff reporter
Cape Town discharges +40 megalitres of sewage into the Atlantic Ocean daily
Urban water bodies worldwide - including rivers, lakes, and oceans - are under significant threat from pollution. Large volumes of sewage discharged into the environment cause severe damage, while new...Published: 08 Jul 2025 at 12:41hrs | 540 | 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 | 212 | by Staff reporter
Maize seed sales surge in Zimbabwe
Zimbabwean farmers have significantly ramped up grain production this year, marking a powerful rebound from the devastating El Nino-induced drought of the previous season. The renewed agricultural mom...Published: 08 Jul 2025 at 09:40hrs | 143 | by Staff reporter
Pakistani millers wreck havoc
Local grain milling companies are crying foul over the invasion of stipulated reserved sectors by foreign nationals.Speaking on the sidelines of an engagement with the Grain Millers Associatio...Published: 04 Jul 2025 at 22:37hrs | 682 | by Paul Ndou
Zimbabwe gold exports jump 25% in June
Zimbabwe's gold exports soared by 24 percent in the first five months of 2025, reaching US$748 million compared to US$599.2 million during the same period in 2024, according to figures released by the...Published: 04 Jul 2025 at 09:22hrs | 141 | 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 | 1683 | by Staff reporter
Presidential inputs scheme beneficiaries urged to deliver grain to GMB
Beneficiaries of the Presidential Inputs Scheme are being encouraged to deliver at least 10 kilogrammes of grain, as well as any surplus produce, to the Grain Marketing Board (GMB) as part of efforts ...Published: 02 Jul 2025 at 12:04hrs | 98 | by Staff reporter
Fidelity Gold launches elite enforcement unit
Fidelity Gold Refinery (Private) Limited has launched a dedicated Gold Trade Enforcement Unit (GTEU), a landmark development aimed at clamping down on illegal gold trading, smuggling, and value chain ...Published: 01 Jul 2025 at 12:23hrs | 286 | by Staff reporter
Presidential inputs recipients ordered to deliver grain to GMB
Farmers who received free agricultural inputs under the Presidential Inputs Scheme during the 2023–2024 farming season are now required to deliver 10 kilograms of grain each to the Grain Marketing B...Published: 30 Jun 2025 at 13:09hrs | 145 | by Staff reporter
US$1m for strategic minerals licence in Zimbabwe
Zimbabwe has gazetted a sweeping new Mines and Minerals Bill that seeks to clamp down on speculative mining claim hoarding while ensuring only credible investors participate in the extraction of strat...Published: 29 Jun 2025 at 12:12hrs | 408 | by Staff reporter
Zimbabwe suspends excise duty on raw wine imports
In a move aimed at boosting the local wine industry, the Zimbabwean government has suspended excise duty on imported raw wine for approved manufacturers. The measure, announced through Statutory Instr...Published: 28 Jun 2025 at 15:06hrs | 112 | 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 | 1072 | by Staff reporter
Lithium rush a crossroads for Zimbabwe's future
Africa, which holds significant estimated shares of the world's total reserves of bauxite (24%), cobalt (49.4%), copper (7%), graphite (21%), lithium (6%), manganese (43%), nickel (4.2%) and rare eart...Published: 24 Jun 2025 at 10:27hrs | 316 | by Sikhululekile Mashingaidze and Stephen Buchanan-Clarke
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
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 | 1785 | by Staff reporter
Zimbabwe moves to reform public medicine supply system
The Ministry of Health and Child Care has embarked on a sweeping reform process aimed at resolving medicine shortages at public hospitals, despite the country's main pharmaceutical distributor, NatPha...Published: 22 Jun 2025 at 11:03hrs | 379 | by Staff reporter
Mushayavanhu under fire for outdated monetary assumptions
Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu is facing mounting criticism over his persistent claim that the ZiG, Zimbabwe's embattled local currency, can only be strong if it is backed b...Published: 20 Jun 2025 at 16:32hrs | 487 | by Staff reporter
Zimbabwe gold reserves rise to 3.4 metric tonnes
President Emmerson Mnangagwa today inspected the Reserve Bank of Zimbabwe (RBZ) vaults, where he was briefed on the status of the country's national gold reserves, which now stand at an impressive 3.4...Published: 19 Jun 2025 at 16:47hrs | 103 | by Staff reporter
RioZim in eye of financial misconduct, fraud storm
Mining giant RioZim Limited is at the centre of a deepening scandal as allegations of financial misconduct, asset stripping, and systematic fraud continue to surface. According to sources familiar wit...Published: 19 Jun 2025 at 16:45hrs | 235 | by Staff reporter
Mnangagwa inspects Zimbabwe's gold reserves
President Emmerson Mnangagwa on Thursday morning conducted a high-profile inspection of Zimbabwe's gold reserves held in the Reserve Bank of Zimbabwe (RBZ) vaults, following his directive for the coun...Published: 19 Jun 2025 at 13:38hrs | 665 | by Staff reporter
Mthuli Ncube under pressure to ease tax burden
Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube is facing mounting pressure from business leaders and economists to overhaul Zimbabwe's tax regime, with demands ...Published: 19 Jun 2025 at 11:24hrs | 1281 | by Staff reporter
'Zimbabwe gold-backed currency stable' but ...
Zimbabwe's gold-backed currency now has more than 100% reserve cover and is stable, according to the central bank, but doubts over its credibility remain, underscored by a persistent premium in the pa...Published: 18 Jun 2025 at 18:30hrs | 343 | by Staff reporter
Zimbabwe to import 1 million tonnes of maize
Zimbabwe is projected to import approximately 1 million tonnes of maize during the 2025/26 agricultural season, according to a new report by the Foreign Agricultural Service of the U.S. Department of ...Published: 18 Jun 2025 at 18:08hrs | 283 | by Staff reporter
Zimbabwe's grain deliveries surge
The Government has reported a significant increase in grain and oilseed deliveries to the Grain Marketing Board (GMB) for the 2024-2025 summer production season, signalling a positive outlook for nati...Published: 11 Jun 2025 at 13:22hrs | 229 | 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
IMF wants Zimbabwe's gold-backed ZiG to become sole currency
The International Monetary Fund (IMF) has expressed support for the full adoption of Zimbabwe's new currency, the Zimbabwe Gold (ZiG), as the country pushes to secure a staff-monitored program (SMP) t...Published: 11 Jun 2025 at 09:05hrs | 1156 | by Staff reporter
Zimbabwe to ban export of lithium concentrates
Zimbabwe will prohibit the export of lithium concentrates starting January 2027, as part of government efforts to compel foreign mining companies to establish processing and refining facilities within...Published: 11 Jun 2025 at 08:41hrs | 226 | by Staff reporter
Wildlife ranger dies after Rhino attack at Save Valley Conservancy
A wildlife ranger from Save Valley Conservancy has tragically died from injuries sustained during a black rhino encounter, the Zimbabwe Parks and Wildlife Management Authority (Zimparks) has confirmed...Published: 10 Jun 2025 at 17:16hrs | 745 | by Staff reporter
Cup Magic, League Struggles: Why Teams Win Trophies But Finish Mid-Table
So Crystal Palace just won the FA Cup. Yes, Crystal Palace. Beat Manchester City in the final, no less. But here's the kicker: they also finished 12th in the Premier League.It's the kind of re...Published: 10 Jun 2025 at 11:23hrs | 821 | by Staff Reporter
Zimbabwe gold reserves rises 12%
The Reserve Bank of Zimbabwe (RBZ) has announced that its gold reserves have grown by 12% to over 3.1 tonnes since March this year, bolstering the country's efforts to build a more stable foreign exch...Published: 06 Jun 2025 at 12:06hrs | 108 | by Staff reporter
How gold incentives work in Zimbabwe
IN the past few days, social media and media outlets have been awash with claims that there is grand looting of state funds between Treasury and a selected few individuals, especially after a payment ...Published: 05 Jun 2025 at 17:10hrs | 1330 | by Trymore Sibanda
RBZ projects inflation drop by September
The Reserve Bank of Zimbabwe (RBZ) has assured the nation that inflation remains under control, despite seemingly high annual inflation rates, attributing the figures to technical distortions arising ...Published: 04 Jun 2025 at 13:31hrs | 132 | by Staff reporter
RBZ defends Zimbabwe forex surrender requirements
The Reserve Bank of Zimbabwe (RBZ) has reaffirmed the importance of current foreign exchange surrender requirements, emphasizing their critical role in supporting key economic sectors that lack direct...Published: 01 Jun 2025 at 14:37hrs | 2002 | by Staff reporter
Zimbabwe records strong forex surplus
Zimbabwe has experienced sustained foreign currency inflows that not only meet its external payment obligations but have generated a substantial surplus averaging US$400 million per month over the 14-...Published: 01 Jun 2025 at 14:35hrs | 163 | by Staff reporter
Zimbabwe gold reserves surge to nearly US$700 million
The reserves backing Zimbabwe's structured currency, Zimbabwe Gold (ZiG), have soared to an impressive US$683 million, more than doubling since the currency's launch in April 2024 and significantly st...Published: 01 Jun 2025 at 14:03hrs | 64 | by Staff reporter
Zimbabwe's platinum output to fall 4% in 2025
Zimbabwe's platinum production is projected to decline by 4% to 491,000 ounces in 2025, falling short of last year's record output, according to a new report from the World Platinum Investment Council...Published: 30 May 2025 at 13:31hrs | 1470 | by Staff reporter
Cash-hoarding cripples Zimbabwe banking sector
Zimbabwe's banking sector is under immense strain due to a severe liquidity crisis, with billions of dollars being hoarded outside the formal financial system by wealthy individuals. This alarming dev...Published: 29 May 2025 at 13:18hrs | 721 | 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
The fight is not to ban coal, says Minister
Zimbabwe's Energy and Power Development Minister, July Moyo, has emphasized that the country's focus should not be on phasing out coal, but rather on finding smarter and cleaner ways to utilize it.&nb...Published: 26 May 2025 at 08:04hrs | 79 | by Staff reporter
Treasury launches last-ditch push to stabilise Zimbabwe economy
Zimbabwe's Treasury has embarked on a last-ditch effort to stabilise the country's fragile economy, amid growing fears that policy inconsistency, inflation, and currency volatility could derail indust...Published: 22 May 2025 at 11:33hrs | 619 | by Staff reporter
Malema's EFF slams Johann Rupert's state capture project
The Economic Freedom Fighters (EFF) has come out strongly against the inclusion of billionaire businessman Johann Rupert in a South African delegation set to meet former United States President Donald...Published: 21 May 2025 at 12:37hrs | 485 | by Staff reporter
Load More Stories
