ZIMBABWE’s domestic tourism sector recorded a significant jump in activity during the first quarter of 2026, with total trips increasing to an estimated 2,62 million, up from 1,94 million in the previous period, latest data shows. According to the Zimbabwe Tourism Authority (ZTA), the growth signals a robust recovery and increased participation within the local…
ZIMBABWE’s domestic tourism sector recorded a significant jump in activity during the first quarter of 2026, with total trips increasing to an estimated 2,62 million, up from 1,94 million in the previous period, latest data shows. According to the Zimbabwe Tourism Authority (ZTA), the growth signals a robust recovery and increased participation within the local…
ESCALATING production costs are squeezing local firms, even as the country maintains single-digit inflation, the Confederation of Zimbabwe Industries (CZI) has warned. The trend, driven primarily by rising prices for fuel, fertiliser, and other essential inputs, has significantly inflated production and logistics costs. In an update, the industry body said the operating environment during the…
ZIMBABWE’s trade deficit widened significantly in March 2026, surging by 59,3 percent to reach US$142,8 million as a sharp rise in imports offset steady gains in the country’s export sector. Data released by the Zimbabwe National Statistics Agency (ZimStat) reveals that while exports grew by 6,7 percent to US$932 million, the value of imported goods…
ZIMBABWE’s foreign currency receipts will continue on an upward trajectory throughout 2026, supported by strengthening international mineral prices and consistent remittance inflows, according to the Reserve Bank of Zimbabwe (RBZ). The outlook follows a 54,1 percent increase to US$4,97 billion in foreign currency earnings during the first quarter of 2026, compared to US$3,22 billion in…
ZIMBABWE’s parallel market exchange rate premium remained within a 20 percent margin during the first quarter of 2026 and is expected to further narrow the gap, marking a milestone in the stabilisation of the ZiG. According to the Reserve Bank of Zimbabwe (RBZ), the official exchange rate averaged ZiG25,59 per US dollar throughout the quarter.…
ZIMBABWE’s debt resolution and arrears clearance programme remains fragile, threatened by public finance leakages, a ballooning domestic debt, and legislative actions that could derail international goodwill, experts say. The developments come as minister of Finance Mthuli Ncube said Zimbabwe has made progress on its arrears clearance roadmap and is now engaging champions to support the…
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…
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…
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…
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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