By Takudzwa Tondoya The Reserve Bank of Zimbabwe (RBZ) has more than doubled its gold reserves backing the local currency, the ZiG signaling a notable step toward currency stability and economic confidence. According to the RBZ’s Q2 Monetary and Financial Highlights released this week, gold reserves rose
By Takudzwa Tondoya The Reserve Bank of Zimbabwe’s Monetary Policy Committee (MPC) has announced a series of resolutions aimed at maintaining economic stability in the face of mounting global challenges. The decisions followed the MPC’s meeting held on June 16, 2025, to assess recent macroeconomic and financial
Local companies have been urged to embrace artificial intelligence and adopt value addition strategies if the country is to become globally competitive and grow its economy. This came out during the second edition of the POSB Exporters Seminar held in Harare recently. The National Competitiveness Commission, chief
Financial powerhouse, CBZ Holdings Limited, has delivered a robust performance for the first quarter of 2025 recording a profit after tax of ZWG537.5 million, despite moving through a turbulent global economic landscape. The group’s Q1 trading update released recently showed resilience in the face of international
The Reserve Bank of Zimbabwe (RBZ) has disbursed a cumulative total of US$ 3.6 billion to local businesses through the foreign currency auction since its introduction in June 2020. The auction was set up to stabilize exchange rates and increase local enterprises' access to hard currency
The Reserve Bank of Zimbabwe (RBZ) has appointed Dr Innocent Matshe as Deputy Governor with effect from 1 October 2022 replacing Dr Kupukile Mlambo whose tenure expired in June this year. Matshe has worked for the African Economic Research Council (EARC), as a World Bank Consultant,
A total of 9516 gold coins valued at ZW$9 billion had been sold as at 23 September 2022, data from the Reserve of Bank of Zimbabwe show. Of this total, 35 percent were sold to individuals while 65 percent were taken by corporates, including asset management
263Chat · Mnangagwa Offside On Economic Measures, CCC Opposition Citizens Coalition for Change (CCC) has played down the recent economic measures pronounced by President Emmerson Mnangagwa describing them as ill-thought knee jerked measures. On Saturday, Mnangagwa announced a raft of measures aimed at controlling the spiraling exchange
The Zimbabwe dollar fell by 2.30 percent against the American dollar in yesterday’s foreign currency auction to settle at ZW$ 115.4223 from ZWL$ 112.8228 recorded during previous week session as the local currency continues to lose ground amid concerns that authorities are failing to put
Technology Group-Cassava Smartech revenue for the quarter ended August 31, 2021 grew by over 70 percent compared to the same period the previous year driven by growth in transaction activity, the Group has announced. The growth in revenue weathered business slow down induced by a national
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