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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: 16 hrs ago | 104 | 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 | 76 | 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 | 47 | 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 | 130 | 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 | 1934 | 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 | 713 | 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 | 623 | 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 | 1089 | 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 | 975 | 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 | 1765 | 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 | 161 | 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 | 60 | 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 | 249 | 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 | 270 | 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 | 145 | 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 | 395 | 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 | 3339 | 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 | 105 | 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 | 269 | 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 | 300 | 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 | 810 | 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 | 1068 | 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 | 158 | 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 | 307 | 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 | 479 | 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 | 634 | 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 | 584 | 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 | 389 | 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
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 | 1260 | 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 | 170 | 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 | 432 | 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 | 752 | 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 | 140 | 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 | 1953 | 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 | 186 | 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 | 6351 | 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 | 584 | 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 | 3939 | 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 | 184 | by Staff reporter
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