Zimbabwe economy

A regional trade union has petitioned Zimbabwe’s Finance Minister over the unilateral devaluation of the Zimbabwe dollar, urging immediate dialogue to address the economic impact.

Zimbabwe’s ZWG currency faces ongoing challenges as retailers enforce a three-tier pricing system, weakening efforts to stabilize the local economy.

Mthuli Ncube reassures Zimbabweans amid the Zimdollar’s decline, citing US$10 billion in foreign reserves to stabilize the economy and maintain financial stability.

The Zimbabwean government rules out dollarisation, arguing it would harm industrialisation and job creation. The Deputy Finance Minister reaffirms commitment to the multi-currency system.

Harare City Council is struggling to procure fuel after suppliers rejected ZWG payments, affecting service delivery amid allegations of mismanagement and misplaced priorities.  

Zimbabwe’s new currency, the ZiG, has lost significant value, costing the country $3.15 billion in revenue

Zimbabwe’s ZWG currency loses value, retailers report losses and warn of potential closures. Urgent intervention is needed to prevent further economic strain

American investors are showing keen interest in Zimbabwe’s diverse economic opportunities, with talks of significant investments in mining, energy, and infrastructure.

The World Bank emphasizes that Zimbabwe needs at least 12 months of economic stability to advance discussions on restructuring its $21 billion debt.

Belarus extends crucial economic support to Zimbabwe, focusing on agriculture and industry to help revive the struggling nation’s economy and improve food security.