Adelaide Moyo, Group Managing Editor

THE International Monetary Fund (IMF) has approved a 10-month staff-monitored program (SMP) for Zimbabwe, aimed at anchoring economic stability and supporting the nation’s efforts to re-engage with the international community. The informal agreement, announced Thursday, does not involve the immediate disbursement of funds. Instead, it serves as a technical framework to monitor the Zimbabwean government’s…

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IMF approves staff-monitored program for Zimbabwe

Adelaide Moyo, Group Managing EditorApril 17, 20260263 views

THE International Monetary Fund (IMF) has approved a 10-month staff-monitored program (SMP) for Zimbabwe, aimed at anchoring economic stability and supporting the nation’s efforts to re-engage with the international community. The informal agreement, announced Thursday, does not involve the immediate disbursement of funds. Instead, it serves as a technical framework to monitor the Zimbabwean government’s…

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Forex inflows increase to US$4,97 billion

Adelaide Moyo, Group Managing EditorApril 17, 20260435 views

ZIMBABWE’s foreign currency earnings increased by 54,1 percent to US$4,97 billion during the first quarter of 2026, compared to US$3,22 billion in the same period last year, driven by tobacco and mining exports, official data reveals. According to the Reserve Bank of Zimbabwe, export earnings dominated the foreign currency receipt basket, accounting for an average…

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Foreign currency reserves surge to US$1,4 billion

Adelaide Moyo, Group Managing EditorApril 17, 20260303 views

ZIMBABWE’s foreign currency reserves increased to US$1,4 billion as of March 31, 2026, providing the country with approximately 1,5 months of import cover, latest data shows. This is a significant increase from the US$276 million held at the time the ZiG was introduced in April 2024. In a first-quarter update, the Reserve Bank of Zimbabwe…

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World Bank cuts Zim’s growth outlook

Adelaide Moyo, Group Managing EditorApril 16, 20260281 views

THE World Bank has cut Zimbabwe’s growth forecast to 4,6 percent this year, from five percent projected in January, warning that downside risks are increasing. The Bretton Woods institution’s projection is slightly higher than that of the African Development Bank, which anticipates a 4,5 percent real GDP growth, but lower than the government and the…

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Government seeks US$2,5 billion bridge financing

Adelaide Moyo, Group Managing EditorApril 16, 20260676 views

TREASURY says it is seeking US$2,5 billion in bridging finance to clear Zimbabwe’s arrears with international lenders, including the World Bank and African Development Bank (AfDB). In an update at the 2026 IMF/World Bank Spring Meetings, the minister of Finance Mthuli Ncube said Zimbabwe is having conversations with the UK, Germany, Japan, France and Algeria…

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Chinake appointed Tanganda chairman

Adelaide Moyo, Group Managing EditorApril 9, 20260438 views

TANGANDA Tea Company (Tanganda) has appointed Addington Chinake as its new board chairman, effective March 30, 2026. This marks a leadership shift following the entry of strategic investor Rutanhi Beverages, an Innscor Africa unit. Chinake is a veteran legal practitioner with over 30 years of experience, and he currently serves as chairman of both Innscor…

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Government sets conditions to lift lithium export ban

Adelaide Moyo, Group Managing EditorApril 9, 20260365 views

THE government will introduce lithium concentrate export quotas and a mandatory declaration policy to curb under-reporting and ensure the full accounting for export proceeds. This is part of the Ministry of Mines’ mandatory conditions that mining companies must meet for the government to lift the current ban on lithium concentrate exports. In a letter addressed…

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Treasury pays US$22,7 million to external creditors

Adelaide Moyo, Group Managing EditorApril 9, 20260441 views

TREASURY says it paid US$22,7 million toward external service obligations during the fourth quarter of 2025 as it intensifies its debt-clearing efforts. According to the latest treasury bulletin, the external payments, which include the servicing of liabilities assumed by the treasury from the Reserve Bank of Zimbabwe (RBZ), began with a US$10,85 million disbursement in…

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Ecobank hits record US$100 million revenue

Adelaide Moyo, Group Managing EditorApril 2, 202601.2K views

ECOBANK Zimbabwe (Ecobank) raked in a historic US$100 million in revenue for the year ended December 31, 2025, supported by strong lending activity and diversification efforts. In local currency terms, the financial institution achieved a 125 percent increase in profit before tax for the year, to ZiG2,169 billion from ZiG0,965 billion in 2024. “This exceptional…

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Zim records US$46 million trade surplus in February

Adelaide Moyo, Group Managing EditorApril 2, 20260353 views

ZIMBABWE maintained a positive trade balance in February 2026, recording a trade surplus of US$46,4 million, a 57,7 percent decrease from the January 2026 surplus of US$109,9 million, latest data shows. According to data from the Zimbabwe National Statistics Agency, exports amounted to US$1,01 billion in February, an increase of 4,1 percent from the January…

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