BUSINESS NEWS

ZiG annual inflation falls sharply to 19%

Zimbabwe's local currency annual inflation rate dropped sharply to 19% in November 2025, down from 32,7% in October, according to newly released data from the Zimbabwe National Statistics Agency (ZimS...

By Staff reporter | Published: 02 December 2025

TELECOMS & TECHNOLOGY

Econet pays ZiG4.3bn in taxes

Econet Wireless Zimbabwe has paid more than $4.3 billion in taxes to the national fiscus for the half-year period ending August 2025, according to its latest interim financial statements.The taxes - e...

By Staff reporter | Published: 17 November 2025

BUSINESS NEWS

Boost for ZiG as reserves near US$1bn

The Reserve Bank of Zimbabwe (RBZ) says reserves backing the Zimbabwe Gold (ZiG) currency have risen by nearly 9% to US$980 million, as the central bank moves to create the buffer required for a futur...

By Staff reporter | Published: 17 November 2025

BUSINESS NEWS

Zimbabwe to increase ZiG circulation

Government is working on increasing the circulation of Zimbabwe Gold (ZiG) cash to address widespread public concerns over limited availability of the local currency, Finance, Economic Development and...

By Staff reporter | Published: 14 November 2025

BUSINESS NEWS

ZiG to strengthen further

Finance, Economic Development and Investment Promotion Minister Mthuli Ncube says Zimbabwe's local currency, the ZiG (ZWG), is expected to strengthen further in the fourth quarter of 2025 as demand i...

By Staff reporter | Published: 07 November 2025

BUSINESS NEWS

ZiG inflation plunges by 5,000 basis points to 32,7%

Zimbabwe's annual inflation rate measured in Zimbabwe Gold (ZiG) fell sharply to 32,7% in October, down from 82,7% in September, despite little movement in the exchange rate and persistently high cons...

By Staff reporter | Published: 29 October 2025

BUSINESS NEWS

Use of Zimbabwe Gold surges

Nearly half of all transactions on Zimbabwe's National Payment System are now conducted in the Zimbabwe Gold (ZiG), reflecting growing public confidence in the country's local currency, according to a...

By Staff reporter | Published: 23 October 2025

BUSINESS NEWS

ZiG stability spurs Zimbabwe economic recovery

The relative macroeconomic stability that has prevailed since the introduction of the Zimbabwe Gold (ZiG) currency in April 2024 has boosted business confidence, enabling companies to plan better, se...

By Staff reporter | Published: 20 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

'ZiG overvalued, stability artificial'

The International Monetary Fund (IMF) has cast doubt on the government's claims that the stability of the Zimbabwe Gold (ZiG) currency reflects sound economic management, revealing that the Reserve B...

By Staff reporter | Published: 07 October 2025

BUSINESS NEWS

ZiG annual inflation falls 11,1%

Zimbabwe's ZiG annual inflation rate eased by 11,1 percentage points to 82,7% in September 2025, down from 93,8% in August, largely due to slower increases in the prices of goods priced in local curr...

By Staff reporter | Published: 30 September 2025

BUSINESS NEWS

Zimra loses ZiG2 million to businessman

A Harare businessman, Trevor Zibgwowa (35), appeared before magistrate Lisa Mutendereki on Tuesday facing charges of defrauding the Zimbabwe Revenue Authority (Zimra) of ZiG2 million through a failed...

By Staff reporter | Published: 25 September 2025

BUSINESS NEWS

Harare City Council chokes under ZiG8bn debt

Harare City Council is reeling under a debt of more than ZiG8 billion owed by ratepayers, a backlog that officials warn is crippling service delivery and undermining the municipality's operational eff...

By Staff reporter | Published: 18 September 2025

BUSINESS NEWS

Zinara disburses ZiG6,1bn for road works

The Zimbabwe National Road Administration (Zinara) has disbursed ZiG6,1 billion for roadworks nationwide, funding critical infrastructure projects including the dualisation of the Harare-Mazowe Road.Z...

By Staff reporter | Published: 16 September 2025

BUSINESS NEWS

Zimbabwe's digital transactions surge to ZiG89bn

Zimbabwe has seen a sharp rise in digital payments, with the value of retail transactions jumping 35 percent in the second quarter of 2025, according to the Reserve Bank of Zimbabwe (RBZ). The total v...

By Staff reporter | Published: 02 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

Zinara disburses ZiG3,8bn for roadworks

The Zimbabwe National Road Administration (Zinara) has released ZiG3,8 billion (about US$140 million) and 746 000 litres of fuel to local and road authorities across the country between January and Ju...

By Staff reporter | Published: 31 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

ZWG acceptance still a challenge says Hippo Valley

Hippo Valley Estates Limited (HVEL), one of Zimbabwe's sugar producers, has raised concern over the continued rejection of the Zimbabwe Gold (ZWG) currency in the market despite relative exchange rat...

By Staff reporter | Published: 19 August 2025

BUSINESS NEWS

ZiG gains traction in domestic transactions

The Zimbabwe Gold (ZiG) currency is gaining momentum in the domestic financial system, now accounting for 40 percent of electronic payment transactions, six months after a strategic push by the Reser...

By Staff reporter | Published: 19 August 2025

MINING & RETAIL

ZiG stability push chokes PGM sector

The Government's continued delay in reimbursing platinum group metal (PGM) miners the local currency portion of their export proceeds is severely impacting one of Zimbabwe's most vital export sectors,...

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

INDUSTRIALS & ENERGY

Zera reviews ZiG fuel prices downwards

The Zimbabwe Energy Regulatory Authority (ZERA) has announced a downward revision of fuel prices in local currency, effective from August 8 until September 4, 2025. The move follows the authority's ro...

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
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