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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 | 347 | 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 | 1762 | 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Mushayavanhu under fire for outdated monetary assumptions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 | 480 | 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 | 102 | by Staff reporter
Mnangagwa cronies get lucrative tenders
On 5 May 2025, Youth Minister Tinoda Machakaire posted a seemingly heartfelt message on social media expressing deep concern over the dire state of Zimbabwe's public health institutions. Visiting a ho...Published: 18 Jun 2025 at 18:42hrs | 604 | 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 | 314 | by Staff reporter
RBZ says there is enough ZWG supply
The Reserve Bank of Zimbabwe (RBZ) has assured the public that there are sufficient stocks of the Zimbabwe Gold (ZWG) notes in circulation to meet current demand, despite widespread complaints across ...Published: 18 Jun 2025 at 07:32hrs | 158 | by Staff reporter
RBZ suspends mop-up gold coin sales
The Reserve Bank of Zimbabwe (RBZ) has announced the immediate suspension of its mop-up sale of gold coins following the successful conclusion of the clearance exercise.In a statement issued b...Published: 17 Jun 2025 at 11:16hrs | 561 | by Staff reporter
Zimbabwe banks ready to dispense ZiG from ATMs
The Reserve Bank of Zimbabwe (RBZ) has sought to ease public concerns over the scarcity of the Zimbabwe Gold currency, commonly known as ZiG, assuring that the currency is becoming increasingly access...Published: 16 Jun 2025 at 14:52hrs | 131 | by Staff reporter
Zimbabwe central bank raises ZWG$5.9 billion via treasury bills
The Reserve Bank of Zimbabwe (RBZ) has raised ZWG$5.9 billion through Treasury Bill (TB) issuances and private placements in 2024, as the government intensifies its domestic borrowing to fund operatio...Published: 12 Jun 2025 at 19:00hrs | 183 | by Staff reporter
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 | 975 | by Staff reporter
Police launch manhunt for tsikamutandas
A major crackdown on rogue witch hunters known as Tsikamutandas has been launched in Zaka and Nyajena districts of Masvingo Province, following rising reports of fraud, family disruptions, and illegal...Published: 07 Jun 2025 at 15:06hrs | 1033 | by Staff reporter
Zimbabwe tourism industry bleeds US$40 million in 90 days
Zimbabwe's tourism industry is reeling from a steep downturn after losing nearly US$40 million in potential revenue during the first quarter of 2025, amid a silent but deadly investor exodus and persi...Published: 06 Jun 2025 at 12:03hrs | 268 | by Staff reporter
'ZWG inflation won't affect consumer purchasing power'
The Reserve Bank of Zimbabwe (RBZ) has downplayed alarm over the country's surging annual ZWG inflation, urging economic players to disregard year-on-year figures and instead focus on more reflective ...Published: 05 Jun 2025 at 10:07hrs | 77 | by Staff reporter
Zimbabwe's mining industry set for over 7% growth
Zimbabwe's mining sector is on track for significant growth in 2025, with projections indicating an expansion of over seven percent, fueled primarily by strong performances in gold and coal production...Published: 05 Jun 2025 at 10:04hrs | 56 | by Staff reporter
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 | 131 | by Staff reporter
Matthew Takaona arrested by Ferret team
Veteran journalist and opposition activist Matthew Takaona has been arrested by members of the Ferret team, a joint police and intelligence unit, while participating in a community road safety initiat...Published: 03 Jun 2025 at 14:41hrs | 2014 | by Staff reporter
New high-quality ZiG banknotes on the way
The Reserve Bank of Zimbabwe (RBZ) is set to introduce a new series of improved Zimbabwe Gold (ZiG) banknotes in denominations of ZiG10, ZiG20, ZiG50, ZiG100, and ZiG200, Governor John Mushayavanhu ha...Published: 03 Jun 2025 at 11:53hrs | 854 | by Staff reporter
RBZ applauds declining inflation
The Reserve Bank of Zimbabwe (RBZ) has lauded the continued decline in monthly inflation as a key indicator of growing economic stability, with both local and foreign currency-denominated prices showi...Published: 03 Jun 2025 at 09:48hrs | 86 | by Staff reporter
Nemashakwe dies
Veteran educationist and traditional leader Chief Nemashakwe of Gutu, Clanous Devera Chirikure, has passed away at the age of 108.Chirikure died on May 14 at Mvurwi Hospital in Mashonaland Cen...Published: 02 Jun 2025 at 16:21hrs | 625 | by Staff reporter
George Shaya's wife delivers a stinging rebuke of Dembare
Agnes Shaya, widow of the late Dynamos and Zimbabwe football legend George Shaya, has delivered a stinging rebuke of the club’s leadership, accusing them of abandoning her husband in his darkest hou...Published: 01 Jun 2025 at 15:37hrs | 1095 | by Staff reporter
Kirsty Coventry's George Shaya state funeral promise unfulfilled
The widow of the late football legend George "The Mastermind" Shaya has broken her silence, revealing that a government promise of a state-assisted funeral - allegedly made by then Sports Minister Kir...Published: 01 Jun 2025 at 15:36hrs | 983 | 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 | 1980 | 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 | 162 | 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 | 62 | by Staff reporter
Tsikamutandas tearing communities apart
A disturbing trend has emerged in Chief Bota's area of Zaka and Nyajena in Masvingo district, where self-styled traditional healers known as Tsikamutandas, allegedly in collusion with some traditional...Published: 28 May 2025 at 10:39hrs | 256 | by Staff reporter
Zimbabwe mining industry to grow by 7% in 2025
Zimbabwe's mining industry is projected to grow by more than 7 percent in 2025, spurred by stellar performances in gold and coal production, according to the Chamber of Mines of Zimbabwe (CoMZ)....Published: 18 May 2025 at 11:48hrs | 275 | by Staff reporter
30% surrender requirement sparks export concerns
The Zimbabwean export sector, a vital source of foreign currency and a key pillar of economic stability, is expressing growing concern over the Reserve Bank of Zimbabwe's (RBZ) recent increase in the ...Published: 17 May 2025 at 12:05hrs | 151 | by Staff reporter
Smuggling takes toll on Zimbabwe economy
A sharp increase in smuggling and unregulated imports is intensifying illicit financial flows (IFFs) in Zimbabwe, severely undermining the country's formal retail sector. Authorities have recently pro...Published: 16 May 2025 at 10:41hrs | 399 | by `
Mnangagwa reverses Mashayamombe suspension
President Emmerson Mnangagwa has vowed to take disciplinary action against individuals within Zanu-PF who orchestrated a wave of what he termed "random and illegal" suspensions of party members, warni...Published: 12 May 2025 at 14:01hrs | 3364 | by Staff reporter
Mnangagwa cracks whip
President Emmerson Mnangagwa has vowed to take stern action against Zanu-PF members responsible for what he described as "random and illegal" suspensions of fellow party members, warning that such act...Published: 12 May 2025 at 09:00hrs | 1896 | by Staff reporter
Guyu youth training centre set to reopen after 19-year hiatus
The National Youth Service (NYS) training programme is set to resume this month at the Guyu Youth Training Centre in Gwanda, Matabeleland South, following nearly two decades of dormancy. The revival c...Published: 11 May 2025 at 12:32hrs | 115 | by Staff reporter
Mnangagwa orders stop to Zanu PF expulsions
President Emmerson Mnangagwa has firmly rejected secretive moves to suspend or expel Zanu PF members based on unsubstantiated claims, reaffirming his commitment to unity and inclusivity within the rul...Published: 10 May 2025 at 13:06hrs | 270 | by Staff reporter
Zimbabwe ZWG yearly inflation hits 85%
The Confederation of Zimbabwe Industries (CZI) has raised alarm over the country's ZWG inflationary trends, which it says are not aligning with current market interventions, suggesting that Zimbabwe i...Published: 08 May 2025 at 09:57hrs | 302 | by Staff reporter
RBZ's market-determined exchange rate spurs ZiG stability
The Reserve Bank of Zimbabwe (RBZ)'s adoption of a market-determined exchange rate system has ushered in a new era of stability and confidence in the Zimbabwe Gold (ZiG) currency, with the recent remo...Published: 04 May 2025 at 09:15hrs | 811 | by Staff reporter
Zimbabwe's foreign currency reserves surge as ZiG gains stability
Zimbabwe's efforts to stabilise its local currency, the Zimbabwe Gold (ZiG), have begun yielding tangible results, with the country's foreign currency reserves exceeding US$600 million, the Reserve Ba...Published: 13 Apr 2025 at 12:23hrs | 10305 | by Staff reporter
Hoarding cash undermines Zimbabwe economy
Stashing cash in safe deposit boxes, a practice often used to secure valuables, is adversely affecting the smooth functioning of the economy by diverting funds away from productive sectors, according ...Published: 13 Apr 2025 at 09:38hrs | 174 | by Staff reporter
Zimbabwe fast-tracking ZiG banknotes rollout
The Reserve Bank of Zimbabwe (RBZ) is accelerating efforts to deliver new Zimbabwe Gold (ZiG) banknotes, with Governor Dr John Mushayavanhu assuring the public that the rollout will happen "in the sho...Published: 06 Apr 2025 at 11:28hrs | 1071 | by Staff reporter
ANC Youth League pays courtesy call on Mnangagwa
President Mnangagwa has reaffirmed Zimbabwe's commitment to empowering young people to lead, protect and develop the nation, as preparations gear up for the upcoming International Youth Summit on Land...Published: 04 Apr 2025 at 08:22hrs | 159 | by Staff reporter
'Killer' cop released on bail
A police detective accused of fatally shooting his colleague, Detective Constable Cassandra Hove, during a pursuit of alleged armed robbery suspects in Pumula South last month has been granted bail by...Published: 02 Apr 2025 at 08:51hrs | 308 | by Staff reporter
RBZ to swoop on currency hoarders
The Reserve Bank of Zimbabwe (RBZ) is set to crack down on businesses and individuals hoarding money in cash deposit boxes at banks, homes, and business premises. Authorities are concerned that such p...Published: 02 Apr 2025 at 08:47hrs | 574 | by Staff reporter
5 more suspects appear in court over Chivayo lobola robbery
Five more suspects from Chitungwiza appeared in court yesterday on allegations of robbing businessman Mr. Wicknell Chivayo's in-laws of US$74,000 at their farm in Marondera.The accused - Garik...Published: 29 Mar 2025 at 08:24hrs | 480 | by Staff reporter
Elderly Bulawayo couple sentenced for exploiting bank glitch
An elderly couple from Bulawayo, who took advantage of a technical glitch at Stanbic Bank Zimbabwe to embezzle over US$30,000, has been sentenced to seven years in prison.Frank Sibanda and his...Published: 27 Mar 2025 at 06:06hrs | 657 | by Staff reporter
Detective in court over colleague's death
A detective from Bulawayo's Homicide Section appeared in court this afternoon facing murder charges following the alleged killing of his colleague during an operation earlier this month.Detect...Published: 19 Mar 2025 at 06:50hrs | 585 | by Staff reporter
Power struggle hit Harare Zanu PF structures
FORMER Zanu PF Harare South lawmaker, Shadreck Mashayamombe is allegedly being persecuted for posing a huge threat to Goodwills Masimirembwa's Harare provincial chairmanship in the ruling party's ongo...Published: 17 Mar 2025 at 09:25hrs | 1462 | by Paul Ndou
Zanu-PF suspensions linked to fight for province's top post
Former Zanu-PF Harare South lawmaker Shadreck Mashayamombe has become the latest casualty in the growing factional infighting within the ruling party, which has been further fueled by a campaign to ex...Published: 16 Mar 2025 at 09:31hrs | 490 | by Staff reporter
Tatenda Anastasia Mavetera We See The Good Work
His Excellency the President Emmerson Mnangagwa promised to empower the nation's youth and open up leadership space and business opportunities for young people. True to his word we have seen the rise ...Published: 11 Mar 2025 at 19:59hrs | 805 | by Nicholas Ncube
Zimbabwe's central bank confident of gold-backed ZiG currency
The Reserve Bank of Zimbabwe (RBZ) remains optimistic about the strength of the gold-backed Zimbabwe Gold (ZiG) currency, positioning it as a viable alternative to the United States dollar in the loca...Published: 10 Mar 2025 at 08:36hrs | 401 | by Staff reporter
Zimbabwe govt rolls out POS machines to formalise informal businesses
The Zimbabwean government has commenced a nationwide programme to integrate unregistered businesses into the formal economy by distributing point-of-sale (POS) machines, which are now a prerequisite f...Published: 09 Mar 2025 at 13:08hrs | 226 | 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
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