‘Zim will stick to US dollar’

The structured currency will be backed by 2,5 tonnes of gold, worth US$175 million, according to Reserve Bank of Zimbabwe governor John Mushayavanhu.
By Tafadzwa Mhlanga Apr. 5, 2024

US$575m war chest to anchor new currency

The reserves are about four times less than what the central bank estimates is circulating in the informal sector at a time when government requires billions of dollars in capex.
By Tafadzwa Mhlanga and Harriet Chikandiwa Apr. 5, 2024

Civil servants to receive outstanding allowances

Guvamatanga said the civil servants would receive their dues in foreign currency.
By Nhau Mangirazi Mar. 6, 2024

US$3,5bn white farmers deal perched on legal hole

George Guvamatanga, permanent secretary at the Ministry of Finance, did not respond to the Independent’s questions.
By Freeman Makopa Jan. 5, 2024

Govt pleads with banks to lower charges

Treasury and the central bank have been advocating  lower banking fees to attract the estimated US$2,5 billion circulating outside formal channels.
By Tafadzwa Mhlanga Dec. 12, 2023

Govt awards chiefs hefty bonuses

Chiefs, headmen, village heads and their messengers will be awarded the bonuses both in United States dollars and in local currency.
By Miriam Mangwaya Nov. 12, 2023

The OK debate: Agric will suffer

While Shoprite and Pick n Pay in South Africa can leverage their sales on products like furniture and hardware, Zimbabwean supermarkets rely on agricultural products.
By Kudakwashe Gwabanayi Oct. 20, 2023

Govt seeks US$5m from domestic market

The issuance of the Treasury Bill comes as government’s public debt is estimated to be more than US$20 billion to date.
By Business Reporter Oct. 11, 2023

Letter to my people: Douglas Mwonzora strategy at play

Formal retailers in South Africa do not operate with a currency that continually loses value.
By Doctor Stop It Oct. 8, 2023