Economy

Zimbabwe 2025 Budget aimed at economic resilience

Zimbabwe's Treasury has revealed that the forthcoming 2025 national budget will focus on enhancing resilience to support structural economic transformation and build upon the advancements

Economy

Zanu-PF passes resolution to adopt ZiG as sole currency in Zimbabwe

Zimbabwe’s ruling party has approved a resolution to establish the bullion-backed ZiG currency as the nation’s only legal tender, gradually eliminating the use of US Dollars. 

Economy

Zimbabwe’s mine workers demand urgent cost of living adjustments

The National Employment Council (NEC) for Zimbabwe’s mining industry has received a petition urging immediate cost of living adjustments to miners' salaries.

Economy

Zimbabwe 2025 Budget aimed at economic resilience

Zimbabwe's Treasury has revealed that the forthcoming 2025 national budget will focus on enhancing resilience to support structural economic transformation and build upon the advancements

Economy

Zanu-PF passes resolution to adopt ZiG as sole currency in Zimbabwe

Zimbabwe’s ruling party has approved a resolution to establish the bullion-backed ZiG currency as the nation’s only legal tender, gradually eliminating the use of US Dollars. 

Economy

Zimbabwe’s mine workers demand urgent cost of living adjustments

The National Employment Council (NEC) for Zimbabwe’s mining industry has received a petition urging immediate cost of living adjustments to miners' salaries.

Economy

Retailers say use of exchange rate is harming competitiveness

Leading retailers in Zimbabwe have cautioned that they may be forced to shut down stores if the government continues to mandate the use of an official exchange rate they believe is inflated and harming their ability to compete.

Economy

Zig currency faces challenges 5 months after launch 

Five months after its introduction, Zimbabwe's new currency is facing challenges as rising grain imports deplete foreign reserves, jeopardising the government's goal of making it the sole currency in circulation by 2026.

Economy

Inflation in Zimbabwe surges in August, first time since ZiG launch

Zimbabwe's monthly inflation rate has reached its highest point since the introduction of the bullion-backed currency.

Economy

IMF forecasts 6% economic growth for Zimbabwe in 2025

Zimbabwe’s economy could reach 6% growth in 2025, according to the latest forecast by the International Monetary Fund (IMF), following the launch of the new gold-backed currency.

Economy

Zimbabwe seeks investment bank to bolster economic potential

Zimbabwe’s Minister of Finance, Economic Development, and Investment Promotion, Professor Mthuli Ncube, has urged investors to set up an investment bank in the country to capitalise on the numerous opportunities within the economy. 

Economy

Zimbabwe seeking reduction in $19bn debt values owed to creditors 

Zimbabwe is seeking significant reductions in the debt amounts owed to its creditors, which total $19.2 billion, as part of its efforts to restructure arrears that are burdening the economy.

Economy

Zimbabwe’s annual USD inflation up 3.5% in May

Annual inflation in Zimbabwe rose by 3.5% in USD terms during May, as per the Zimbabwe National Statistics Agency’s (Zimstat), first data for the new ZiG currency.

Economy

ZiG crackdown leads street traders to turn to WhatsApp

Street currency traders in Zimbabwe are shifting from their usual spots in city centres to messaging platform WhatsApp to avoid arrest

Retailers say use of exchange rate is harming competitiveness

Economy

Retailers say use of exchange rate is harming competitiveness

Leading retailers in Zimbabwe have cautioned that they may be forced to shut down stores if the government continues to mandate the use of an official exchange rate they believe is inflated and harming their ability to compete.

Zig currency faces challenges 5 months after launch 

Economy

Zig currency faces challenges 5 months after launch 

Five months after its introduction, Zimbabwe's new currency is facing challenges as rising grain imports deplete foreign reserves, jeopardising the government's goal of making it the sole currency in circulation by 2026.

Inflation in Zimbabwe surges in August, first time since ZiG launch

Economy

Inflation in Zimbabwe surges in August, first time since ZiG launch

Zimbabwe's monthly inflation rate has reached its highest point since the introduction of the bullion-backed currency.

IMF forecasts 6% economic growth for Zimbabwe in 2025

Economy

IMF forecasts 6% economic growth for Zimbabwe in 2025

Zimbabwe’s economy could reach 6% growth in 2025, according to the latest forecast by the International Monetary Fund (IMF), following the launch of the new gold-backed currency.

Zimbabwe seeks investment bank to bolster economic potential

Economy

Zimbabwe seeks investment bank to bolster economic potential

Zimbabwe’s Minister of Finance, Economic Development, and Investment Promotion, Professor Mthuli Ncube, has urged investors to set up an investment bank in the country to capitalise on the numerous opportunities within the economy. 

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