Zimbabwe 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.

Zimbabwe faces steep price hikes as the local currency weakens, with retailers increasingly pricing goods in U.S. dollars to avoid exchange rate losses

As foreign investors push for more incentives, Zimbabwe’s government is urged to carefully balance national interests while boosting FDI for long-term economic growth