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Zimbabwe has warned against the proliferation of “shadow banks” through which companies are avoiding banking their cash but are instead using safe deposit boxes at their commercial banks or security…

Zimbabwe has 300 financial institutions, 90% of which are microfinance institutions. According to the latest Monetary Policy Statement, Zimbabwe has 14 commercial banks, four building societies and one savings bank.…

Zimbabwe has started paying compensation for farms that were taken over by the government during the Land Reform Programme but were protected by Bilateral Investment Protection and Promotion Agreements (BIPPAs).…

Remittances by Zimbabweans abroad last year rose to nearly US$2.2 billion up from $1.8 billion in 2023 accounting for 16.2% of the country’s total foreign currency receipts. Exports rose from…

Zimbabwe has reduced foreign currency retention by exporters from 75% to 70%  to guarantee continued stability in the interbank foreign exchange market. The move, announced in the Reserve Bank of…

Zimbabwe President Emmerson Mnangagwa is determined to stay in power until 2030 or even beyond and only God can stop him. President Mnangagwa has repeatedly said he is a constitutionalist,…

United States House Foreign Affairs Committee chairman Brian Mast has told outgoing Secretary of State Antony Blinken and US Agency for International Development administrator Samantha Power to stop wasting taxpayers’…