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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 | 10252 | 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 | 165 | 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 | 1062 | 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 | 157 | 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 | 303 | 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 | 476 | 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 | 598 | 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 | 583 | 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 | 1460 | 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 | 486 | 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 | 804 | 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 | 324 | 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 | 196 | 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
Tshabangu and Chamisa are the same
While we all agree that Nelson Chamisa is a coward and a damn tribalist who through Central Intelligence advice disembarked from the freedom train midway, some of us strongly feel that Sengezo TShaban...Published: 26 Feb 2025 at 21:55hrs | 1259 | by Gugugu Magorira
RBZ dismisses fake news of POSB sale
The Governor of the Reserve Bank of Zimbabwe (RBZ), John Mushayavanhu, has dismissed claims that the People's Own Savings Bank (POSB) is up for sale. This follows reports suggesting that the state-own...Published: 22 Feb 2025 at 09:24hrs | 169 | 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
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 | 749 | by Staff reporter
'Zimbabwe banks have robust cybersecurity systems'
The Reserve Bank of Zimbabwe (RBZ) has prioritized cybersecurity and artificial intelligence (AI) as critical pillars for the financial sector's growth and stability, according to its 2025 Monetary Po...Published: 11 Feb 2025 at 06:38hrs | 132 | by Staff reporter
RBZ intervenes in data pricing discrimination against ZiG
The Reserve Bank of Zimbabwe (RBZ) has moved to address concerns over discriminatory pricing by mobile network operators and internet service providers, particularly regarding their preference for tra...Published: 10 Feb 2025 at 15:28hrs | 1951 | by Staff reporter
RBZ predicts inflation to trend down in 2025
The Reserve Bank of Zimbabwe (RBZ) is optimistic about continued inflation moderation, forecasting the monthly inflation rate to average 3% or less in 2025. The central bank expects the annual inflati...Published: 10 Feb 2025 at 06:31hrs | 180 | by Staff reporter
Zimbabwe central bank cracks down on cash hoarding
The Reserve Bank of Zimbabwe (RBZ) has expressed concern over millions of dollars lying idle in cash deposit boxes across the country, warning that the growing trend is stifling economic growth by dep...Published: 09 Feb 2025 at 17:40hrs | 6348 | 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 | 583 | 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 | 3932 | by Staff reporter
Zimbabwe central bank speaks on retailers
The Reserve Bank of Zimbabwe (RBZ) has dismissed claims by registered retailers that the country's economic environment is to blame for their operational challenges, pointing instead to gross mismanag...Published: 08 Feb 2025 at 12:30hrs | 183 | by Staff reporter
RBZ to introduce higher denomination ZiG notes
The Reserve Bank of Zimbabwe (RBZ) has announced plans to introduce higher denominations of the Zimbabwe Gold (ZiG) currency by the third quarter of 2025. This move aims to address challenges with the...Published: 07 Feb 2025 at 17:44hrs | 917 | by Staff reporter
Central bank to improve design and quality of Zimbabwe Gold banknotes
The Reserve Bank of Zimbabwe (RBZ) is set to enhance the quality and design of Zimbabwe Gold (ZiG) banknotes to align with international standards, addressing public concerns over their durability and...Published: 07 Feb 2025 at 17:43hrs | 260 | 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 | 1183 | 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
Mnangagwa touches off storm over US deportations
President Emmerson Mnangagwa has caused a stir after publicly backing United States President Donald Trump's decision to deport over 500 undocumented Zimbabweans, as part of the Trump administration's...Published: 06 Feb 2025 at 08:19hrs | 707 | by Staff reporter
Zimbabwe central bank widens blitz on defiant business
The Reserve Bank of Zimbabwe (RBZ) has announced an expanded blitz targeting businesses across the country that are refusing to comply with government directives on the use of the multicurrency system...Published: 05 Feb 2025 at 11:42hrs | 351 | by Staff reporter
7 arrested a few hours after robbery
Seven suspected armed robbers were arrested in Harare on Monday, just hours after they raided a Southerton-based company and made off with a Nissan NP300 vehicle, a safe containing US$12,000, and othe...Published: 24 Jan 2025 at 07:27hrs | 732 | by Staff reporter
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
IsiJahunda: Death of a language, people
THERE are more than 7 000 living languages in the world, but Unesco predicts more than half will be extinct by the end of the century.IsiJahunda might be one of the tongues as the language is ...Published: 25 Dec 2024 at 08:42hrs | 1151 | by Staff reporter
'Malunga unqualified to talk about Zanu PF'
ZANU PF Youth League deputy national political commissar, Taurayi Kandishaya, has dismissed recent remarks by artist Clive Malunga about President Emmerson Mnangagwa as "reckless and baseless," arguin...Published: 25 Dec 2024 at 08:13hrs | 604 | 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 | 494 | by Staff reporter
RBZ keeps rates steady
Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu has announced that the bank policy rate will remain at 35%, and statutory reserve requirements will stay unchanged, as the central bank seeks ...Published: 05 Dec 2024 at 06:55hrs | 457 | by Staff reporter
Zimbabwean Football: Greatest Players
Zimbabweans are very passionate athletes. The government pays a lot of attention to encouraging people to be more active, do sports, attend gyms and sports classes. It's very helpful for the nation to...Published: 02 Dec 2024 at 23:14hrs | 1038 | by Staff Reporter
RBZ assures bonus payments will not disrupt economic stability
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu has assured that the payment of civil servant bonuses ahead of the festive season will not affect price stability or the exchange rate....Published: 01 Dec 2024 at 08:50hrs | 103 | by Staff reporter
ZANU-PF MP, G40's Mashayamombe co-ordinate machete gangs, ready to kill
ZANU-PF legislator for Harare South constituency, Trymore Kanopula and a current secretly serving member of the Generation40 faction, Shadreck Mashayamomb...Published: 12 Nov 2024 at 23:49hrs | 2696 | by Gideon Madzikatidze/Simbarashe Sithole
Zimbabwe foreign currency reserves rise to US$500m
Zimbabwe's foreign currency reserves backing its local currency, the Zimbabwe Gold (ZiG), have surged past US$500 million, tripling the total amount of ZiG in circulation. This development is expected...Published: 10 Nov 2024 at 10:41hrs | 170 | by Staff reporter
Man sentenced for impersonating police officer
A man identified as Mashayamombe has been sentenced to 12 months in prison by the Kadoma Magistrates' Court for impersonating a police officer in a failed bribery attempt. Magistrate Charity Sithole h...Published: 06 Nov 2024 at 06:48hrs | 114 | by Staff reporter
Mnangagwa calls for repatriation of Zimbabwe skulls from British museums
President Emmerson Mnangagwa has renewed calls for the repatriation of the remains of Chimurenga war heroes from Britain, emphasizing the need for their interment in "a dignified manner." This stateme...Published: 05 Nov 2024 at 08:27hrs | 461 | by Staff reporter
Mnangagwa tells Britain to apologise
President Emmerson Mnangagwa has called on the British government to apologize for its century-long colonial rule in Zimbabwe, which dispossessed indigenous people of their land and subjected them to ...Published: 05 Nov 2024 at 08:17hrs | 272 | by Staff reporter
Management shake up at RBZ
The Reserve Bank of Zimbabwe (RBZ) is initiating a significant remodelling of its management structure as newly appointed Governor John Mushayavanhu aims to assemble a capable team to address the coun...Published: 01 Nov 2024 at 06:48hrs | 2578 | by Staff reporter
Mnangagwa demands apology, reparations from Britain for colonial atrocities
President Emmerson Mnangagwa has called on the British government to formally apologize for the historical injustices endured by indigenous Zimbabweans during the colonial era, which spanned from 1890...Published: 01 Nov 2024 at 06:33hrs | 505 | by Staff reporter
ZimAchievers Awards South Africa announce 2024 nominees
The stage is set for one of the biggest events on the social calendar with Zimbabwe Achievers Awards (ZAA) South Africa releasing the nominees shortlist for their 9th Awards Dinner Gala.Social...Published: 30 Oct 2024 at 21:34hrs | 1006 | by Agencies
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