finance

Digital payments plunge 25 percent

ZIMBABWE’S digital payment transactions declined by 25 percent from ZiG275,38 billion in December 2025 to ZiG206,98 billion in January this year, according to latest figures.Advertisements Data released by the Reserve Bank of Zimbabwe (RBZ) reveals that activity across payment platforms weakened during the review period. Accordingly, transaction volumes declined by 10 percent from 84,23 million…

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Farmers brace for tough marketing season

ZIMBABWEAN farmers are projecting lower margins this agricultural marketing season due to high production costs and the lingering effects of the El Niño-induced drought.Advertisements This comes as the Zimbabwe Mercantile Exchange (ZMX) held its inaugural auction last week, with opening reserve prices set at US$360 per tonne for white and yellow maize. Speaking to The…

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Zimbabwe, Zambia ink US$2 billion rail deal

ZIMBABWE has signed a memorandum of understanding (MOU) with Zambia for the development of a US$2 billion railway spur linking Kafue in Zambia to Lion’s Den in Zimbabwe.Advertisements The proposed railway line will traverse key areas in Zimbabwe, including Chirundu, Hurungwe National Park, Makuti, Denis, Chakuti, and Lion’s Den, as well as four districts in…

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