finance

RBZ makes strides on de-dollarisation

THE Reserve Bank of Zimbabwe (RBZ) has made significant strides towards meeting the conditions for the de-dollarisation of the country’s economy by 2030.Advertisements So declared the governor of the central bank, John Mushayavanhu, earlier this week, following a meeting of the RBZ’s monetary policy committee (MPC). “The MPC noted that the aforestated positive monetary and…

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Zimstat, UN boost data coordination

THE Zimbabwe National Statistics Agency (Zimstat) is working with the United Nations to strengthen data coordination, production, and utilisation for evidence-based development in the country.Advertisements Speaking at the Data for Development and Innovation (DFDI) Working Group, Zimstat director general Tafadzwa Bandama said the initiative sought to ensure coordinated efforts to close data gaps in previous…

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Mutapa injects US$100 million in state entities

MUTAPA Investment Fund (Mutapa) deployed over US$100 million to state-owned entities under its management to boost operations and viability as of September 2025.Advertisements Minister of Finance Mthuli Ncube said the funds were deployed in direct capital injections, partnerships, and joint ventures. He said the results show a material turnaround, with 53 percent of the state-owned…

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Mimosa pushes safe modern mining

MIMOSA Mining Company says it is pushing for safe, modern, and inclusive mining through the adoption of “cutting-edge smart technology”.Advertisements Speaking on the sidelines of the Business for Sustainable Development Zimbabwe (BCSDZ) annual conference over the weekend, Mimosa general manager, Stephen Ndiyamba, emphasised that the rapid evolution of the workforce required industries to rethink traditional…

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Forex inflows surge to US$13 billion in 10 months

ZIMBABWE’s foreign currency receipts increased by 21 percent to US$13 billion during the first 10 months of 2025, sustained by a growth in export earnings and remittances, latest data shows.Advertisements According to the Reserve Bank of Zimbabwe (RBZ), the country continues to record strong foreign currency inflows, with foreign currency reserves backing the ZiG reaching…

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Why strategy development has become a ritual

By Memory NguwiAdvertisements DEVELOPING a strategy in Zimbabwe, and I am sure in many other jurisdictions, has become a ritual rather than a genuine act of thinking about how to win. Over the years, I have observed that what most organisations call “strategy sessions” or “strategy workshops” rarely produce strategy at all. They default to…

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World Bank backs Zimbabwe’s push for private-sector power

THE World Bank Group has launched a new technical assistance initiative for Zimbabwe’s power sector, providing a critical boost intended to unlock private investment in renewable energy generation.Advertisements The newly approved Zimbabwe Renewable Energy Procurement Technical Assistance Project, financed by a US$1,5 million grant from the World Bank’s Sustainable Renewables Risk Mitigation Initiative, will establish…

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New air pacts target affordable aviation

THE Civil Aviation Authority of Zimbabwe (CAAZ) says a new round of international air-service negotiations has laid the groundwork for attracting more airlines and cutting operating costs as the country works to make its aviation sector more competitive.Advertisements Soaring operational expenses, fuel prices, airport charges and currency instability continue to squeeze the industry, driving up…

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