ECONOMC INDICATORS

Zimbabwe signals gradual interest rate cuts

THE Monetary Policy Committee (MPC) is expected to begin gradually reducing interest rates in the coming months as Government seeks to stimulate economic growth while maintaining price stability and ...

EUROPE

EU seeks deeper economic ties with Zimbabwe

The European Union says it is seeking to deepen economic relations with Zimbabwe, highlighting the country's duty-free and quota-free access to European markets as a key driver for trade and investmen...

ECONOMC INDICATORS

Fuel shock drives Zimbabwe inflation higher

Zimbabwe's inflation is accelerating across both currencies, signalling broad cost-of-living pressure rather than instability in the local unit, the Zimbabwe Gold (ZiG).Latest data from Zimbabwe Natio...

ZIMBABWE

Zimbabwe's currency is undervalued by nearly half

Zimbabwe's currency is undervalued by almost half, the governor of the central bank said, pointing to the foreign reserves and gold that back the unit."If we wanted to buy back all the local currency ...

ZIMBABWE

ZiG delivers record-low inflation

Zimbabwe's gold-backed currency, the Zimbabwe Gold (ZiG), has posted its strongest performance yet, with inflation falling sharply and monetary stability holding through the first quarter of 2026.Acco...

ZIMBABWE

IMF lifts Zimbabwe growth outlook

Zimbabwe's economy expanded by 7.5% in 2025, outperforming the Government's estimate of 6.6%, according to the International Monetary Fund (IMF), in a sign of stronger-than-expected recovery.The Fund ...

ECONOMC INDICATORS

Gold edges up as traders await guidance

Gold edged higher as traders weighed the outlook for US monetary policy ahead of a key speech by Federal Reserve Chair Jerome Powell later this week.Bullion traded near US$3 330 an ounce as markets aw...

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 ...