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January 19, 2023
Zimbabwe: Central Bank Allotments Surge to U.S.$14,5 Million
The Reserve Bank of Zimbabwe (RBZ) Auction's allotments hit US$14,5 million responding to new year's foreign currency demands. Read more »
January 14, 2023
Zimbabwe: RBZ Says U.S.$7,2 Billion Paid to Foreign Currency Accounts Last Year
Reserve Bank of Zimbabwe (RBZ) says a total US$7,2 billion was paid out through Foreign Currency Accounts (FCAs) last year alone, indicating rising confidence in the local banking… Read more »
January 11, 2023
Zimbabwe: Central Bank Auction Resumes Business for 2023, Allots U.S.$10,8 Million
Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction resumed business Tuesday, allotting a total US$10,8 million amid expectations that foreign currency demand in the parallel… Read more »
October 13, 2022
Zimbabwe: Nation Needs Yearly Growth Rates of 9 Percent to Achieve Vision 2030 - World Bank
ZIMBABWE needs to sustain productivity growth rates of between eight to nine percent annually for the next seven years if the upper- middle income economy (UMIC) status enshrined… Read more »
September 16, 2022
Zimbabwe: IDBZ, Norsad Capital Sign MOU to Unlock Capital for Local Companies
The Infrastructure Development Bank of Zimbabwe (IDBZ) has signed a Memorandum of Understanding (MoU) with Norsad Capital, which is expected to unlock capital for local companies. Read more »
September 07, 2022
Zimbabwe: Zimbabwe Dollar Eases 6,1% At Central Bank Auction
The Zimbabwe dollar has recorded a 6,1% decline on the Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction but market watchers have hinted that the development is a good sign… Read more »
July 22, 2022
Zimbabwe: Central Bank Says Gold Coin Buyers Will Need to Prove Source of Funds
The central bank recently announced the introduction of the gold coins as a store of value amid soaring inflation and depreciation of the local Zimbabwean dollar against major… Read more »
Zimbabwe: AfDB Injects U.S.$25,65 Million to Support Zim Food Production
The African Development Bank (AfDB) has injected a total US$25, 65 million grant drawn from the Transition Support Facility to enhance domestic domestic food production as well as… Read more »
July 19, 2022
Zimbabwe: RBZ Official Exchange Rate Breaches $400 Mark As Black Market Around $800
The Reserve Bank of Zimbabwe (RBZ) official exchange rate has reached ZW$403,40 against the greenback in a development experts believe to be prompted by market forces. Read more »
July 13, 2022
Zimbabwe: African Development Bank Boss Agrees to Help Struggling Zimbabwe Resolve Debt
THE African Development Bank (AfDB) says it has accepted to assist Zimbabwe's US$13,5 billion debt clearance plan partly because of the need to alleviate the country's citizens… Read more »
July 05, 2022
Zimbabwe: Cost of Central Bank Gold Coins to Be Based On International Prices
The Reserve Bank of Zimbabwe (RBZ) is set to commence the trading of gold coins this month in a bid to introduce an alternative store of value in the market amid optimism that the… Read more »
June 25, 2022
Zimbabwe: Govt-Owned POSB Withholding U.S. Dollar From Pensioners
THE People's Own Savings Bank (POSB) is reportedly delaying and withholding US dollar cash withdrawals, mostly for pensioners who are enduring long hours in queues trying to access… Read more »
June 09, 2022
Zimbabwe: Central Bank Lifts Metbank U.S. Dollar Trading Ban
The Reserve Bank of Zimbabwe (RBZ) has lifted the foreign currency trading suspension imposed earlier on Metbank Limited following the recent conclusion of investigations into… Read more »
June 02, 2022
Zimbabwe: Bankers Petition Mthuli Ncube Over 'Exorbitant' Income Tax Bracket
The Zimbabwe Banks and Allied Workers Union (ZIBAWU) has petitioned Finance Minister, Mthuli Ncube, urging him to expand the income tax threshold bracket to ease the burdens of… Read more »
June 01, 2022
Zimbabwe: European Investment Bank Credit Facility Indicates Confidence in Local Banks - Govt
Government has hailed the European Investment Bank's (EIB) €12,5 million credit facility extended to Zimbabwe through First Capital Bank (FCB) saying the development indicates… Read more »
May 26, 2022
Zimbabwe: CZI Hails RBZ Auction As Zimbabwe Dollar Depreciates By 12,4%
CONFEDERATION of Zimbabwe Industries (CZI) has hailed the Reserve Bank of Zimbabwe (RBZ) for ensuring realistic stability as the Zimbabwe dollar depreciated by 12,4% on the auction… Read more »
May 22, 2022
Zimbabwe: First Capital Bank Donates Farming Equipment to ZFU
Leading financial services provider, First Capital Bank (FCA), has donated farming equipment worth thousands of dollars to the Zimbabwe Farmers Union (ZFU). Read more »
May 17, 2022
Zimbabwe: Central Bank Lifts Suspension On Lending Services By Banks
The Reserve Bank of Zimbabwe (RBZ) has, with immediate effect, lifted the temporary suspension on lending services by banks. Read more »
May 11, 2022
Zimbabwe: Central Bank Auction's Weekly Allotments Suffer Severe Reduction
The Reserve Bank of Zimbabwe (RBZ) weekly's allotments this week reduced significantly to from last week's peak of US$40 million to US$26,8 million as President Emmerson… Read more »
May 04, 2022
Zimbabwe: RBZ Allots U.S.$28,6 Million as MPs Status Quo is Upheld
The Reserve Bank of Zimbabwe (RBZ) foreign exchange auction this week allotted a total US$28,6 million, as the Monetary Policy Committee (MPC) moved to uphold the already set… Read more »
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