Tesla batteries are keeping Zimbabwe’s economy running

2019-09-02 05:00

The southern African country faces chronic shortages of physical cash, so almost all transactions are done digitally, and many via mobile phones

Ex-Eskom acting CEO awarded licence to produce solar energy in Zimbabwe

2019-07-21 10:59

A company owned by former Eskom acting chief executive Matshela Koko has been granted a licence to produce solar energy in Zimbabwe

Mnangagwa tells Zimbabweans why the country did not adopt the rand

2019-06-15 12:02

Zimbabwe did not adopt the rand due to onerous conditions set by the South African Reserve Bank

Zimbabwe may let foreigners own majority stakes in diamond mines

2018-12-05 12:08

Zimbabwe’s government may allow foreign investors to hold controlling stakes in diamond mines on condition that part of their output is reserved for domestic downstream industries.

Zimbabwe needs $171m to deal with rural food shortages

2018-11-27 12:39

More than two million Zimbabweans may need support to buy food between January and March 2019, according to a report released by the government and the World Food Programme.

Oil discovery: Not so fast, Invictus tells Zimbabwe

2018-11-02 19:01

Contrary to media reports, Australian Securities Exchange-listed entity Invictus Energy Limited is yet to discover oil, the company has said.

US extends Zim sanctions ahead of elections

2018-07-27 13:22

The US senate and congress have passed a bill meant to extend the sanctions that the world superpower imposed on Zimbabwe back in 2001.

Mnangagwa carries Zim's hopes to revive failed economy

2017-12-03 06:25

Pressure is on Zimbabwe’s new leader to fulfil his pledges to be tough on corruption and to act fast to turn the country’s fiscal woes around.

Zimbabwe gets loan for $1.7bn AFDB, World Bank arrears

2017-05-10 19:46

Zimbabwe has secured a syndicated loan that will enable it to clear $1.7bn of arrears with the World Bank and African Development Bank.

Barry Wood: Is 2017 meltdown year for Zimbabwe, as it blunders towards disaster?

2016-12-20 17:00

From afar, it’s hard to imagine Zimbabwe getting much worse before it gets better. But speak to Zimbabweans and they will tell you that the picture is grim on the ground.


Zimbabwe abolishes controversial equity law

2019-08-01 21:58

Zimbabwe's Finance Minister Mthuli Ncube says an equity law blamed for scaring off foreign investors would be abolished as the country seeks to woo fresh capital to shore up its moribund economy

SAA has R1.1bn stuck in cash-strapped Zimbabwe

2019-07-12 10:20

The flag carrier is currently unable to repatriate proceeds from ticket sales due to Zimbabwe's severe foreign currency shortage.

Zimbabwe to supply interbank market with $500m on Monday

2019-05-19 08:28

Zimbabwe will supply the interbank foreign exchange market with $500m on Monday as its tries to resuscitate a currency trading system implemented in February that’s been plagued by a lack of liquidity

Auctions boom in Zim as Tongaat, Metallon and others default

2018-12-02 20:01

Auction companies are booming in Zimbabwe as companies and individuals - including Tongaat Hulett CEO Sydney Mutsambiwa and Mzi Khumalo's Metallon Corporation - default on loan payments or other financial obligations.

Zimbabwe's prices surge at fastest pace since hyperinflation

2018-11-13 16:51

Zimbabwean consumer prices surged at their fastest pace since a hyperinflationary spiral a decade ago, casting a further shadow over the economic reform efforts of President Emmerson Mnangagwa.

Shelves empty as specter of hyperinflation returns to Zimbabwe

2018-10-12 15:00

Austin Mushanguri shakes his head in dejection and walks away from the fridges in an affluent supermarket in Zimbabwe’s capital after reading a sign saying he can only buy one bottle of beer instead of the dozen he’d hoped for.

Zimbabwe bank workers demand 60% wage increase

2018-05-23 14:34

Bank workers in Zimbabwe have demanded a 60% wage increase and have given finance institutions in the country a two-week ultimatum

Mugabe leaves behind an economy in tatters

2017-11-21 20:42

Zimbabwe's Robert Mugabe, who has resigned as president, leaves behind an economy in tatters, with an estimated 95% of the workforce unemployed, public infrastructure crumbling and widespread shortages of cash and food.

Cash is king in Mugabe's Zimbabwe as dollar supply dries up

2017-01-16 19:01

Walk into Pedzai Nyika’s furniture factory in Zimbabwe’s capital and he’ll offer a 20% discount straight away - provided you pay in cash.

Zim to reform civil service sector as budget deficit balloons

2016-09-08 17:52

Zimbabwe is set to implement significant civil service sector reforms amid a ballooning budget deficit, says Finance Minister Patrick Chinamasa.

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