finance

ZITF hits near full capacity

PREPARATIONS for the 2026 Zimbabwe International Trade Fair (ZITF) have reached an advanced stage, with organisers confirming near-maximum exhibition capacity and surging international participation ahead of the April 20 opening. Addressing journalists yesterday, ZITF board chairman Busisa Moyo announced that the organisation had shifted into final execution mode, with all key operational and commercial systems…

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IMF approves staff-monitored program for Zimbabwe

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

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

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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Econet launches AI unit to drive tech adoption

ECONET Wireless Zimbabwe (Econet) has officially launched Econet AI, a new business unit aimed at accelerating the adoption of artificial intelligence across Zimbabwe’s economy. Unveiled in Harare today, Econet AI immediately introduced a suite of products and capabilities designed to accelerate AI use across the market, in multiple sectors, by corporate organisations and individuals.   …

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NRZ prepares new turnaround strategy

THE National Railways of Zimbabwe (NRZ) is finalising a revised corporate strategy aimed at improving financial performance and expanding freight capacity, with plans to roll it out next month. NRZ was transferred to the Mutapa Investment Fund, the country’s sovereign wealth fund, in 2024 as part of a government initiative to restructure and revive state-owned…

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