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

FINANCIAL SERVICES

RBZ bolstering Zimbabwe's re-industrialisation drive

The manufacturing sector has received the largest share - 45 percent - of funds disbursed under the Reserve Bank of Zimbabwe's (RBZ) Targeted Finance Facility (TTF) as of June 30, 2025, underscoring i...

By Staff reporter | Published: 11 August 2025

FINANCIAL SERVICES

RBZ pushes for ZiG cash access via ATMs

The Reserve Bank of Zimbabwe (RBZ) has mandated all commercial banks to ensure the full distribution of Zimbabwe Gold (ZiG) cash through automated teller machines (ATMs) by the end of September 2025, ...

By Staff reporter | Published: 11 August 2025

BUSINESS NEWS

RBZ's to unlock over US$1 billion in remittances

In a bold move to revive Zimbabwe's struggling economy, the Reserve Bank of Zimbabwe (RBZ) has announced a plan to securitize diaspora remittances, aiming to transform predictable inflows into investa...

By Staff reporter | Published: 10 August 2025

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...

By staff reporter | Published: 09 August 2025

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...

By Staff reporter | Published: 08 August 2025

ZIMBABWE

RBZ crackdown on money laundering

Following an intensive investigation into smuggling, money laundering, and financial externalisation, Zimbabwean authorities have launched a crackdown targeting several businesspeople and companies im...

By Staff reporter | Published: 08 August 2025

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...

By Staff reporter | Published: 08 August 2025

BUSINESS NEWS

RBZ Chief charts path to monetary stability

Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu says the central bank is making steady progress in consolidating price stability, growing foreign reserves, and reinforcing the banking se...

By Staff reporter | Published: 01 August 2025

BUSINESS NEWS

RBZ warns against price instability

The Reserve Bank of Zimbabwe (RBZ) has issued a cautionary note on the dangers posed by exchange rate volatility, stressing that fluctuations in the value of the local currency could severely undermi...

By Staff reporter | Published: 31 July 2025

BUSINESS NEWS

Mutapa, RBZ push for economic transformation

The Mutapa Investment Fund and the Reserve Bank of Zimbabwe (RBZ) have pledged to play pivotal roles in driving economic transformation and ensuring financial stability as the nation accelerates effo...

By Staff reporter | Published: 29 July 2025

BUSINESS NEWS

RBZ reveals strategy towards shift to mono-currency

Zimbabwe's central bank is stepping up efforts to build up foreign currency reserves in preparation for a planned transition to a mono-currency regime by 2030, Reserve Bank of Zimbabwe (RBZ) Governor...

By Staff reporter | Published: 29 July 2025

BUSINESS NEWS

Mines and RBZ in crunch talks over forex retention

The Chamber of Mines of Zimbabwe has initiated fresh negotiations with the Reserve Bank of Zimbabwe (RBZ) to review the current foreign currency retention framework, citing growing concerns over wors...

By Staff reporter | Published: 29 July 2025

BUSINESS NEWS

RBZ exposes massive money laundering

The Reserve Bank of Zimbabwe (RBZ) has unearthed large-scale illicit financial flows (IFFs) in the country's real estate and motor vehicle dealership sectors, revealing industrial-scale money launderi...

By Staff reporter | Published: 18 July 2025

BUSINESS NEWS

RBZ disburses ZiG350 million to key sectors

The RBZ announced it has disbursed ZiG350 million under its Targeted Finance Facility (TFF) to support key sectors of the economy, primarily manufacturing and agriculture, which accounted for 44.82 pe...

By Staff reporter | Published: 14 July 2025

BUSINESS NEWS

ZNCC urges RBZ to cut policy rate to 20%

The Zimbabwe National Chamber of Commerce (ZNCC) has urged the Reserve Bank of Zimbabwe (RBZ) to lower its bank policy rate from the current 35% to 20% in an effort to ease growing credit constrain...

By Staff reporter | Published: 08 July 2025

BUSINESS NEWS

RBZ to launch diaspora-backed securities

The Reserve Bank of Zimbabwe (RBZ) is preparing to introduce securitised financial instruments backed by diaspora remittances, a bold move aimed at unlocking over US$1 billion in annual inflows from Z...

By Staff reporter | Published: 04 July 2025

BUSINESS NEWS

Zimbabwe's RBZ scraps heavy-handed forex controls

The Reserve Bank of Zimbabwe (RBZ) has officially abandoned its stringent enforcement of exchange rate controls, marking a significant policy shift aimed at fostering market stability, restoring busin...

By Staff reporter | Published: 03 July 2025

BUSINESS NEWS

RBZ's decision to halt gold coin sales has drawn warnings

The Reserve Bank of Zimbabwe (RBZ)'s decision to suspend the sale of gold coins has drawn warnings from an economic analyst, who says the move could expose the Zimbabwe Gold (ZWG) currency to inflatio...

By Staff reporter | Published: 30 June 2025

BUSINESS NEWS

Mushayavanhu under fire for outdated monetary assumptions

Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu is facing mounting criticism over his persistent claim that the ZiG, Zimbabwe's embattled local currency, can only be strong if it is backed b...

By Staff reporter | Published: 20 June 2025

BUSINESS NEWS

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 ...

By Staff reporter | Published: 04 June 2025

BUSINESS NEWS

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...

By Staff reporter | Published: 03 June 2025
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