RBZ snubs forex auction bidders

As the Zimbabwe market adapts to the yet another currency, Zimbabwe Gold (ZiG), the RBZ has availed US$285 million to shore up the local currency.
By Melody Chikono
 Apr. 14, 2024

Zim’s diesel fired industry quakes as oil prices rocket

In the last quarter of 2023, the report noted that crude oil prices were going down, having peaked at about US$92 per barrel in September 2023.
By Mthandazo Nyoni Apr. 12, 2024

‘Bond notes, Zimdollar had no backing’

The Bond notes and coins were then dropped to allow for the re-introduction of the ZWL$ in June 2019.
By Tatira Zwinoira Apr. 12, 2024

CZI gets US$2,5m Swedish boost

The support comes at a time when manufacturers are in desperate need of foreign currency as official channels continue to prove difficult in supplying adequate amounts.
By Julia Ndlela and Blessed Ndlovu Apr. 5, 2024

Sobering complications of a currency in peril

Companies say they did not collect the levy when it came into force at US$0,002 cents in January because consultations over its implications were ongoing.
By Shame Makoshori Mar. 28, 2024

Address currency depreciation: CZI

In July 2022, the Reserve Bank of Zimbabwe (RBZ) introduced physical gold coins as an alternative store of value to the United States (US) dollar in the economy.
By Mthandazo Nyoni Mar. 28, 2024

CZI jittery over monetary policy delay

In its inflation and currency developments update, CZI, which represents the interests of big companies across all sectors, said the delay was hurting industry.
By Mthandazo Nyoni Mar. 22, 2024

We’re not a nuclear reactor, CZI boss tells journalists

Business lobbies across the world employ experts, including economists, who help their leaders address issues raised by the media.
By Shame Makoshori and Gamuchirai Nyamuziwa Feb. 16, 2024

New policy measures will overstretch Zimra: CZI

This is contained in a CZI report, which gives the business lobby’s insights into the implications of the 2024 national budget to companies.
By Staff Reporter Jan. 19, 2024