Zimbabwe will next year initiate a sweeping US$3 billion road rehabilitation and upgrade programme targeting four major national highways, in what government officials describe as one of the most ambi...
Treasury has proposed a new progressive tax on foreign currency cash withdrawals, a move that has drawn immediate criticism from the financial sector for potentially discouraging formal banking. The p...
Newly co-opted Zanu-PF Central Committee member Dr Kudakwashe Tagwirei has announced plans to construct a multi-million-dollar complex at PaDust market in Hatcliffe as part of his drive to boost the g...
The International Monetary Fund (IMF) says Zimbabwe's economy remains highly dollarised, with any de-dollarisation policies needing gradual implementation while the Confederation of Zimbabwe Industrie...
Zimbabwe will jeopardise the rare bout of economic stability the southern African nation is currently enjoying if it scraps the use of dollars domestically by 2030 as planned.That's according to the ...
ZB Financial Holdings (ZBFH) group strategy executive Trymore Muhlanga says Zimbabwe's plan to adopt a mono-currency regime by 2030 will require a phased and carefully managed approach, as the instit...
The International Monetary Fund (IMF) has called on Zimbabwe to provide clearer details on its plan to eliminate the use of the United States dollar by 2030, warning that uncertainties surrounding the...
Zimbabwe's dollar-only stock market is riding a wave of gains, powered by gold miners cashing in on a 48% jump in the precious metal this year.The Victoria Falls Stock Exchange's benchmark index has ...
Confederation of Zimbabwe Industries (CZI) chief economist Cornelius Dube has warned that Zimbabwe risks massive capital flight if government presses ahead with de-dollarisation before ZiG transaction...
Zimbabweans should focus more on their gold-backed currency that's set to become the sole legal tender by 2030 and less on how to phase out dollar use, according to the central bank's deputy governor....
The Reserve Bank of Zimbabwe (RBZ) has reassured the public that the country's banking system remains stable and secure, with no loss of value expected beyond 2030 under the post-dollarisation framew...
The Confederation of Zimbabwe Industries (CZI) has urged the government to back its de-dollarisation strategy with binding legal instruments, warning that without a formal framework, business confiden...
FBC Holdings Limited has called on the Reserve Bank of Zimbabwe (RBZ) to establish a clear and credible framework for de-dollarisation to ease pressure on the country's foreign currency reserves.The ...
Zimbabwe's plans to drop the US dollar in five years is already causing jitters in an economy that has suffered nearly two decades of currency volatility and bouts of record hyperinflation.Harare has...
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...
Land developer MCM Estates has broken ground on a massive 100-hectare multi-million-dollar tourism development project in the scenic Chesa area of Mt Darwin, a venture expected to transform the Masho...
Five years after his tragic death in a fiery car crash, the once-glorious supercar collection of Zimbabwean socialite and businessman Genius "Ginimbi" Kadungure has all but vanished — sold off, scat...
Tanzania has banned the use of foreign currencies for buying and selling goods and services inside the country. The Bank of Tanzania (BoT) announced the measure on May 2, stating that from now on, all...
The dollar's descent is elevating the price of hedging currency trades around the world, breaking up a long-standing market conviction that costs tend to come down when the greenback weakens.The corre...
Zimbabwe is set to get its first dollar-denominated real estate investment trust listing on Friday, as demand for property stocks grows.Eagle REIT is seeking to raise $62 million from the listing on Z...
IT is imperative for every successful and expanding economy in the world to have its own currency and monetary policy. I make that statement because it is important for all Zimbabweans to understand t...
The dollar's record hot streak came under threat yesterday as Asia's biggest central banks took aim in different ways at the recent rally in the greenback.The People's Bank of China gave a strong warn...
The local currency appreciated for the first time against the US dollar after it firmed a marginal 0.094% to 83.3209 from 83.3994. This followed a drop in both the highest and lowest bids to 87.5 and ...
PRESIDENT Emmerson Mnangagwa has gazetted Statutory Instrument 85/20, which will allow citizens and businesses to charge goods and services using the United States (US) dollar as part of combating the...
The Zimbabwe dollar is expected to largely stabilise next year before it starts firming against the US dollar on the back of growing confidence in the domestic currency.The local currency would fall t...
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