Stories

The International Monetary Fund has urged “bold reforms” to revive Zimbabwe’s economy after drought cut agricultural production and disrupted hydropower generation. The southern African nation is facing risks to the…

Zimbabwe’s Central Bank has identified the low use of electronic payments as one of the causes of the pervasive cash shortages in the country. Long lines, tight withdrawal limits and…

Zimbabwe has lost $50 million through illicit outflows in the last three months, the Central Bank governor John Mangudya said yesterday, but said tighter controls have stemmed the tide that…

One of America’s great entrepreneurs, the late S. Truett Cathy, once said: “In the Great Depression, you bought something if you had the cash to buy it”. The Great Depression…

The Reserve Bank of Zimbabwe has announced plans to introduce local “bond notes” to circulate alongside a basket of foreign currencies adopted in 2009, in a bid to ease widespread…

The Confederation of Zimbabwe Industries (CZI) has urged Zimbabweans to embrace the proposed bond notes, saying they will boost internal trade and ease the cash crunch threatening Zimbabwe’s already lethargic…

Zimbabwe will introduce local bond notes which the main opposition Movement for Democratic Change led by Morgan Tsvangirai today condemned as an attempt to bring back the Zimbabwe dollar through…

Zimbabwe’s rich Marange diamond fields in the east of the country can produce one million carats of diamonds per month and earn the country $800 million in dividends annually, Mines…

Zimbabwe’s central bank yesterday imposed tight cash withdrawal limits and announced plans to introduce local “bond notes” to circulate alongside a basket of foreign currencies adopted in 2009, in a…

The Movement for Democratic Change has accused President Robert Mugabe’s government of trying to bring back the Zimbabwe dollar through the back door and says the country will be de-dollarized…