THE escalating conflict in the Middle East continues to send shockwaves through global energy and financial markets, posing serious threats to Zimbabwe’s economy. Experts who spoke to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — said this week that Zimbabwe was highly vulnerable to oil…
THE rising number of corporate rescue applications point to deep-seated structural challenges facing Zimbabwean companies, financial analysts have said. Corporate rescue proceedings have taken a marked increase during the past two years as under pressure local companies make last-ditch efforts to restructure and avoid liquidation. Reputable companies such as OK Zimbabwe, Truworths, Telecel Zimbabwe, Khaya…
THE government has unveiled an ambitious winter agricultural production master plan aimed at boosting national food security, rural industrialisation and consolidating gains made in wheat production over the past two seasons. The 2026 Winter Production Plan, which got Cabinet approval this week, forms a key component of the Agriculture Food Systems and Rural Transformation Strategy…
THE Reserve Bank of Zimbabwe (RBZ) expects foreign currency reserves to reach about two months’ import cover by the end of 2026 as authorities continue to build external buffers. Foreign currency reserves currently cover about 1,5 months of imports, reflecting a steady buildup since the launch of the ZiG currency in April 2024. This comes…
THE African Development Bank (AfDB) has endorsed Zimbabwe’s ongoing economic reform agenda, citing the government’s commitment to the International Monetary Fund (IMF) Staff-Monitored Programme as a critical step toward fiscal stability. The incoming AfDB’s country manager, Eyerusalem Fasika, held a high-level meeting with the minister of Finance, Mthuli Ncube, in which she endorsed Zimbabwe’s arrears…
THE government has approved the consumer protection policy, which aims to safeguard consumers’ rights and promote fair trading practices in the marketplace. Speaking during the post-Cabinet media briefing in Harare yesterday, minister of Information Zhemu Soda said the policy is expected to strengthen consumer rights, improve product and service standards, and enhance accountability among businesses.…
THE local currency, the ZiG, is trading at almost half its implied value, a disparity that Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu says reflects a lingering “confidence gap” the central bank has been working to close over the past two years. Zimbabwe operates a multi-currency system dominated by the US dollar, alongside the…
THE Insurance and Pensions Commission (Ipec) has reviewed its minimum reinsurance standards framework in a move designed to reduce foreign currency outflows and bolster the local insurance industry. The revised framework came into effect in January this year. In a circular to the industry, the regulator said the changes were intended to ensure that a…
THE Reserve Bank of Zimbabwe’s latest monetary policy statement (MPS) will foster sustainable economic growth and the wider use of the ZiG, experts say. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts also applauded the central bank this week for increasing…
EXPERTS have warned that the worsening Israel-Iran war will further sap Zimbabwe’s ailing economy, amid global oil price hikes. Speaking to The Financial Gazette this week, the experts said that the surge in oil and shipping insurance premiums would definitely have a feed-through effect on Zimbabwe, casting a fresh shadow on the economy. The Middle East…
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