ZIMBABWE

AfDB projects 6% economic growth for Zimbabwe

The African Development Bank (AfDB) has projected that Zimbabwe is on track to achieve a six percent economic growth rate this year, supported by stability and recovery across key productive sectors.A...

ZIMBABWE

Fresh land invasions rock Zvimba farm

A fresh wave of land invasions has hit Warwick Farm, a once-thriving agricultural estate on the shores of Lake Chivero in Zvimba district, with politically connected land barons accused of pegging and...

ZIMBABWE

Zimbabwe's forex receipts jump 23%

Zimbabwe recorded a 23,1 percent surge in foreign currency receipts during the first half of 2025 compared to the same period last year, signalling growing confidence in the country's formal channels...

ECONOMC INDICATORS

2030: Zimbabwe will be using domestic currency

THE Reserve Bank of Zimbabwe (RBZ) has announced plans for a structured transition from the current multicurrency system to a domestic monetary framework, aimed at ensuring business continuity and eco...

ZIMBABWE

Zimbabwe to unveil de-dollarization roadmap in November

Zimbabwe's central bank has announced its decision to launch a de-dollarisation roadmap in November, along with the new five-year economic blueprint.In his 2025 mid-term monetary policy statement, Res...

ECONOMC INDICATORS

Zimbabwe repays US$176 million in external debt

The Zimbabwean government has made notable progress in repaying its external debt, with a total of US$176.28 million paid during the first six months of 2025, according to data released by the Ministr...

ZIMBABWE

RBZ cracks down on ZiG rejection

The Reserve Bank of Zimbabwe (RBZ) has issued a strong warning to businesses and service providers who are refusing to accept the Zimbabwe Gold (ZiG) currency, with central bank governor Dr John Musha...

ECONOMC INDICATORS

Zimbabwe slashes mining growth forecast

Zimbabwe has revised its mining sector growth forecast downward for 2025, citing a sharp drop in global prices for key minerals including platinum group metals (PGMs) and lithium, Finance Minister Mth...

ZIMBABWE

Logistics firm in exchange control violation

Mapho Tradelink Procurement and Logistics Private Limited, a leading procurement and logistics company, has been taken to court for allegedly breaching the Exchange Control Act by making payments exce...

AFRICA

'ZiG outperforms regional peers'

The Reserve Bank of Zimbabwe (RBZ) has lauded the Zimbabwe Gold (ZiG) currency for its sustained stability and strong performance compared to several regional currencies within the Southern African De...

ECONOMC INDICATORS

Zimbabweans pledge property for loans

Zimbabweans are increasingly pledging household items such as beds, fridges, and other personal property as collateral to secure small loans from financial institutions, highlighting the dire state of...

ECONOMC INDICATORS

RBZ upholds tight monetary policy to protect ZWG

The Reserve Bank of Zimbabwe (RBZ) on Thursday reaffirmed its tight monetary policy stance as a key strategy to conserve the local currency, despite mounting pressure from industry players to ease bor...

EUROPE

UK resets ties with Zimbabwe in push for critical minerals

Zimbabwe and the UK are rekindling diplomatic ties after almost three decades of tension, driven by a global surge in demand for critical minerals that's led the former colonial power to pursue $1 bil...

ZIMBABWE

Mafume supports ban on pre-owned clothes

While the government faces criticism over its ban on the importation and sale of second-hand clothing in urban areas, Harare Mayor Jacob Mafume has publicly backed the move, warning that the capital c...

ZIMBABWE

Tourists flock to Heroes Acre

The National Heroes Acre is alive with activity as both local and international visitors flock to the historic shrine in anticipation of the upcoming Heroes Day holiday. The national monument, current...

ZIMBABWE

Zimbabwe races to implement IMF-backed reforms

Zimbabwe is racing to implement wide-ranging fiscal and monetary reforms agreed with the International Monetary Fund (IMF), as the country seeks to exit its long-standing debt crisis, rebuild trust wi...

Zimbabwe on track for 6% growth

Zimbabwe is on track to achieve a forecasted 6% economic growth in 2025 helped by good agricultural output and strong commodity prices, Finance Minister Mthuli Ncube said on Thursday.The Southern Afri...

ZIMBABWE

Zimbabwe's rebasing pushes GDP to US$45,7bn

The government's recent rebasing of Zimbabwe's economy has lifted its gross domestic product (GDP) valuation to US$45,7 billion and gross national income (GNI) per capita above US$3 000 - even as ...

ZIMBABWE

Zimbabwe's debt stock hits US$21.5 billion

Zimbabwe's total public debt has surged to US$21.5 billion as of March 2025, an increase of about US$1 billion from the same period last year. The growing debt burden continues to undermine the countr...

ECONOMC INDICATORS

Mthuli Ncube declares surplus despite only 35% of budget spent

Finance and Economic Development Minister Mthuli Ncube on Thursday declared a budget surplus of ZWG3.3 billion for the first half of 2025, despite revealing that just 35.5% of the approved National Bu...

ECONOMC INDICATORS

Tobacco, gold dominate Zimbabwe's exports

Zimbabwe's export economy remains firmly anchored in its traditional staples of tobacco and gold, while imports are still dominated by fuel, vehicles, and machinery, according to the latest Trade and ...

ECONOMC INDICATORS

Zimbabwe's July inflation shows mixed trends

The latest inflation figures released by the Zimbabwe National Statistics Agency (ZIMSTAT) for July 2025 show a modest rise in prices for goods and services measured in both the United States Dollar ...

ECONOMC INDICATORS

Zimbabwe central bank reports drop in inflation

The Reserve Bank of Zimbabwe (RBZ) has expressed cautious optimism about the country's economic trajectory, citing encouraging signs in inflation control, exchange rate stability, and foreign currency...

ZIMBABWE

Zimbabwe revises GDP upwards to US$44.4 billion

Zimbabwe has recorded a significant rise in its Gross Domestic Product (GDP), now revised to ZiG168.5 trillion (approximately US$44.4 billion), marking a substantial increase from the previous estimat...

ECONOMC INDICATORS

Zimbabwe hopes to service external debt

Zimbabwe, locked out of international capital markets since defaulting in 1999, expects its stronger economy to help it pay back external creditors, without saying when this would begin.Finance Minist...