BUSINESS NEWS

Zimbabwean banks overcharging clients

Multiple Zimbabwean banks are under scrutiny following explosive allegations that they systematically overcharged corporate clients millions of dollars through inflated interest rates and hidden fees,...

By Staff reporter | Published: 25 October 2025

BUSINESS NEWS

Zimbabwe targets $1 billion reserves

The Reserve Bank of Zimbabwe (RBZ) has announced that the country’s foreign currency reserves are expected to surpass the US$1 billion mark by the end of 2025, a key milestone in the central bank’...

By Staff reporter | Published: 17 October 2025

BUSINESS NEWS

RBZ urged to reduce bank charges

The Zimbabwe Taxpayers Platform (ZITAP) has called on the Reserve Bank of Zimbabwe (RBZ) to review and lower prevailing bank charges, warning that high service fees are discouraging citizens and busi...

By Staff reporter | Published: 16 October 2025

BUSINESS NEWS

RBZ warns against fake social media scam impersonating Mushayavanhu

The Reserve Bank of Zimbabwe (RBZ) has dismissed as false a social media post claiming that its Governor, Dr. John Mushayavanhu, is backing an initiative promising monthly earnings of US$6,500 for Zi...

By Staff reporter | Published: 14 October 2025

BUSINESS NEWS

RBZ maps out 5-year transition to sole use of ZiG

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu says current market stability - marked by low inflation, a firm exchange rate, rising foreign reserves, and a sound banking sector - has c...

By Staff reporter | Published: 12 October 2025

BUSINESS NEWS

RBZ reviews costs to promote ZiG use

The Reserve Bank of Zimbabwe (RBZ) is reviewing transaction costs and payment infrastructure as part of broader measures aimed at boosting confidence and encouraging wider use of the Zimbabwe Gold (Zi...

By Staff reporter | Published: 11 October 2025

BUSINESS NEWS

RBZ rubbishes IMF observations on policy

The Reserve Bank of Zimbabwe (RBZ) has defended its monetary policy and the recently introduced Zimbabwe Gold (ZiG) currency framework, responding to recommendations made by the International Monetar...

By Staff reporter | Published: 04 October 2025

BUSINESS NEWS

RBZ, Ministry collide over platinum miners' payments

The Ministry of Finance, Economic Development and Investment Promotion is under pressure to meet local currency obligations owed to platinum exporters, as a US$400 million Afreximbank loan weighs hea...

By Staff reporter | Published: 03 October 2025

BUSINESS NEWS

RBZ assures stability over post post-dollarisation era

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...

By Staff reporter | Published: 13 September 2025

BUSINESS NEWS

RBZ goes after car dealerships

The Reserve Bank of Zimbabwe's (RBZ) Financial Intelligence Unit (FIU) has singled out the country's car dealership industry as the most vulnerable sector to money laundering, warning that its cash-he...

By Staff reporter | Published: 12 September 2025

BUSINESS NEWS

RBZ's tight monetary policy is stifling demand

The Confederation of Zimbabwe Industries (CZI) has cautioned that while the Reserve Bank of Zimbabwe's (RBZ) restrictive Monetary Policy Statement (MPS) has succeeded in stabilising prices and suppor...

By Staff reporter | Published: 11 September 2025

BUSINESS NEWS

RBZ defends exchange rate system

Reserve Bank of Zimbabwe (RBZ) Deputy Governor Dr Innocent Matshe has dismissed claims that the central bank is manipulating the foreign exchange market, insisting that the willing-buyer willing-sell...

By Staff reporter | Published: 08 September 2025

BUSINESS NEWS

Zimbabwe central bank launches ZiG Confidence survey

THE Reserve Bank of Zimbabwe (RBZ) has embarked on a fresh nationwide survey to assess confidence in the Zimbabwe Gold (ZiG) currency, more than a year after it was introduced as the country's sole le...

By Staff reporter | Published: 02 September 2025

BUSINESS NEWS

RBZ slams Zimbabwe banks over punitive fees

Zimbabwe's banks are facing criticism from both depositors and the Reserve Bank of Zimbabwe (RBZ) over the imposition of high fees and charges, which are increasingly seen as exploitative.RBZ Deputy G...

By Staff reporter | Published: 28 August 2025

BUSINESS NEWS

RBZ begins production of redesigned ZiG banknotes

The Reserve Bank of Zimbabwe (RBZ) has commenced production of redesigned ZiG banknotes, set to enter circulation soon as part of the central bank's de-dollarisation roadmap, which targets a transitio...

By Staff reporter | Published: 26 August 2025

BUSINESS NEWS

RBZ to engage mobile operators on currency parity

The Reserve Bank of Zimbabwe (RBZ) has announced plans to work with mobile network operators to ensure parity in trading between the local gold-backed Zimbabwe Gold (ZiG) currency and the US dollar un...

By Staff reporter | Published: 25 August 2025

BUSINESS NEWS

RBZ guarantees US$ contracts beyond 2030

The Reserve Bank of Zimbabwe (RBZ) has reassured markets that U.S. dollar contracts will remain valid even after the government's 2030 de-dollarisation deadline, a major policy shift aimed at preventi...

By Staff reporter | Published: 24 August 2025

BUSINESS NEWS

RBZ restores RTGS system after technical fault

The Reserve Bank of Zimbabwe (RBZ) says it has restored the Real Time Gross Settlement (RTGS) system following a technical fault that disrupted transfers and some cross-border transactions since Tues...

By Staff reporter | Published: 20 August 2025

FINANCIAL SERVICES

RBZ to regulate AI in Zimbabwe's banks

The Reserve Bank of Zimbabwe (RBZ) is developing specific rules to regulate the use of artificial intelligence (AI) within the country's financial institutions, signaling a major step toward modernizi...

By Staff reporter | Published: 19 August 2025

BUSINESS NEWS

Zimbabwe central bank hit by technical glitch

The Reserve Bank of Zimbabwe (RBZ) has informed the public of a technical issue currently affecting its network, which may lead to delays in various banking services.In a notice issued on 18 August 20...

By Staff reporter | Published: 19 August 2025

BUSINESS NEWS

Massive US$100,000 fines for Zimbabwe forex offenders

The Reserve Bank of Zimbabwe (RBZ) has introduced heavy fines and tougher enforcement measures against individuals, companies, and financial institutions caught breaking exchange control regulations....

By Staff reporter | Published: 16 August 2025

INDUSTRIALS & ENERGY

Beverage makers say 35% RBZ rate hampers growth

Zimbabwe's beverage industry has raised concerns over the Reserve Bank of Zimbabwe's (RBZ) decision to maintain the bank policy rate at 35% per annum, saying the high interest rate is constraining gr...

By Staff reporter | Published: 14 August 2025

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...

By Staff reporter | Published: 13 August 2025

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...

By Staff reporter | Published: 12 August 2025

FINANCIAL SERVICES

Zimbabwe hits US$44,9bn in digital transactions

Zimbabwe's financial sector has marked a major milestone in its digital transformation, processing a record 381 million electronic transactions worth ZiG1,2 trillion (US$44,9 billion) in the first hal...

By Staff reporter | Published: 12 August 2025
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