IMF staff completes Staff-Monitored Programme discussion with Zimbabwe

14 february 2025 - 11:10:11
Harare, Zimbabwe (PANA) - Following the request for a Staff-Monitored Programme (SMP) by the Zimbabwe authorities in 2023, an International [...] Full text...

thread Economy

IMF staff completes 2024 Article IV mission to Zimbabwe

28 june 2024 - 11:03:39
Harare, Zimbabwe (PANA) - Despite headwinds, Zimbabwe’s economy continues showing resilience but growth is expected to decelerate to about 2 [...] Full text...

thread Economy

IMF staff, government officials discuss Zimbabwe’s governance, growth prospects

15 february 2024 - 08:04:51
Harare, Zimbabwe (PANA) - Economic activity in Zimbabwe continues to show resilience in the face of currency instability and high [...] Full text...

thread Economy

Zimbabwe requires strong reform efforts to prop up post-COVID economic recovery: IMF

26 october 2023 - 06:49:50
Harare, Zimbabwe (PANA) - Zimbabwe’s economy has continued its post-COVID recovery, but enhancing its longer-term growth potential would require strong [...] Full text...

thread Economy

WTO: Zimbabwean currency instability seen as global trade's weakest link

30 september 2020 - 22:18:07
Geneva, Switzerland (PANA) -  The World Trade Organisation (WTO) has completed a trade policy review on Zimbabwe, urging the Southern [...] Full text...

thread Economy

Zimbabwe parliament asks for daily, not weekly, forex auctions (Analysis)

20 september 2020 - 12:37:51
Harare, Zimbabwe (PANA) - The Parliament of Zimbabwe says the central bank should increase the frequency of foreign currency auction [...] Full text...

thread Economy

Zimbabwe dollar appreciates against USD for the first time

01 september 2020 - 17:48:53
Harare, Zimbabwe (PANA) - The Zimbabwen dollar (ZWL) appreciated to ZWL83.32 against one United States dollar at the end of [...] Full text...

thread Economy

Reserve Bank of Zimbabwe orders liquidation of 20 pct foreign currency earned by businesses

22 august 2020 - 16:09:51
Harare, Zimbabwe (PANA) - Twenty per cent of foreign currency earned from local businesses will be liquidated upon depositing to [...] Full text...

thread Economy

Zimbabwe's Central Bank Governor threatens to blacklist firms seeking forex arbitrage opportunities

20 august 2020 - 16:11:35
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, has threatened to blacklist firms which do [...] Full text...

thread Economy

Zimbabwe Govt introduces punitive new law to force companies to pay taxes in foreign currency

20 august 2020 - 14:56:49
Harare, Zimbabwe (PANA) - The Zimbabwe Revenue Authority (Zimra) says a new law will shortly be introduced, forcing firms that [...] Full text...

thread Economy

Zimbabwe dollar falls 11.14% on the second day of forex auction

30 june 2020 - 16:59:22
Harare, Zimbabwe (PANA) - The Zimbabwe dollar (ZWL) depreciated 11.14 percent, against the greenback, to reach US$1:ZWL63.74 on the second [...] Full text...

thread Economy

Reserve Bank of Zimbabwe reverses suspension on all mobile money transactions

28 june 2020 - 10:33:00
Harare, Zimbabwe (PANA) - Reserve Bank of Zimbabwe (RBZ) governor John Mangudya Friday reversed the ban on all mobile money [...] Full text...

thread Economy

Zimbabwe ban on trading of stocks and mobile money transactions to have dire economic consequences (Analysis by Correspondent Tatira Zwinoira)

27 june 2020 - 19:26:18
Harare, Zimbabwe (PANA) - Zimbabwe government on Saturday took the unprecedented move to ban trading on the Zimbabwe Stock Exchange [...] Full text...

thread Economy

Zimbabwe govt bans trading on the stock exchange and all mobile money transactions

26 june 2020 - 20:59:11
Harare, Zimbabwe (PANA) - The Zimbabwe government Friday took the unprecedented move to ban trading on the Zimbabwe Stock Exchange [...] Full text...

thread Economy

Zimbabwe dollar crashes as the country's central bank launches foreign exchange auction

23 june 2020 - 18:10:52
Harare, Zimbabwe (PANA) - The Zimbabwe dollar (ZWL) crashed to US$1:ZWL57.3582 at the end of trading on the central bank’s [...] Full text...

thread Economy

Zimbabwe dollar depreciation leads to major losses for big companies (A PANA News Analysis)

17 june 2020 - 12:01:40
Harare, Zimbabwe (PANA) - Last Monday, one of Zimbabwe's largest gold producers RioZim Limited announced that it has been forced [...] Full text...

thread Economy

Reserve Bank of Zimbabwe to abandon fixed exchange rate as local currency tanks

08 june 2020 - 17:10:34
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe (RBZ) has buckled to the Zimbabwe dollar’s (ZWL) continued devaluation and [...] Full text...

thread Economy

Reserve Bank of Zimbabwe announces new banknotes

15 may 2020 - 14:12:39
Harare, Zimbabwe (PANA) - New banknotes of Zimbabwe dollar in denominations of ZWL10 and ZWL20 (equivalent to 40 and 80 [...] Full text...

thread Economy

Reserve Bank of Zimbabwe slashes interest rates by 40 percent to stimulate growth

29 april 2020 - 17:56:06
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe (RBZ) has reviewed downwards interest rate to 15 from 25 percent [...] Full text...

thread Economy

Exiled ex-minister alleges corruption in Reserve Bank of Zimbabwe loans to resettled farm owners

24 april 2020 - 14:39:55
Harare, Zimbabwe (PANA) - Zimbabwe's exiled former Higher Education deputy minister Godfrey Gandawa alleges that political elites were key beneficiaries of [...] Full text...

thread Agriculture

Coronavirus: Confederation of Zimbabwe Industries proposes measures to support companies during and post national lockdown (Analysis)

10 april 2020 - 16:56:44
Harare, Zimbabwe (PANA) - The Confederation of Zimbabwe Industries (CZI) has called for the fixed exchange rate of US$1:ZWL (Zimbabwe [...] Full text...

thread Economy

Reserve Bank of Zimbabwe orders corporate entities to bank US dollars in nostro accounts

31 march 2020 - 11:44:13
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe (RBZ) has ordered any corporate entity receiving foreign currency following the [...] Full text...

thread Economy

Coronavirus: Zimbabwe govt reintroduces the US dollar due to COVID-19

26 march 2020 - 21:26:19
Harare, Zimbabwe (PANA) - The Zimbabwe government has brought back the use of the US dollar for transactions after banning [...] Full text...

thread Economy

. Zimbabwe moves to partner with Invictus Energy Limited of Australia

17 march 2020 - 15:24:26
Harare, Zimbabwe (PANA) - Australian energy firm, Invictus Energy Limited (IEL) has revealed the Zimbabwe government is negotiating with them [...] Full text...

thread Economy

Zimbabwe businesses are under increased threat of collapse- Analysis

08 march 2020 - 12:26:31
Harare, Zimbabwe (PANA) - Businesses are under increased threat of collapse due to the continued depreciation of the Zimbabwe dollar [...] Full text...

thread Economy

Reserve Bank of Zimbabwe denies printing money

04 march 2020 - 12:43:46
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe (RBZ) has denied money printing despite the supply rate growing 250 [...] Full text...

thread Economy

Despite Zimbabwe Govt’s best efforts, the economy is re-dollarising not de-dollarising (Analysis by Tatira Zwinoira, PANA Correspondent)

23 february 2020 - 14:21:22
Harare, Zimbabwe (PANA) - Two weeks back, this reporter sought fuel and called a local Total Service Station manager enquiring [...] Full text...

thread Economy

Reserve Bank of Zimbabwe wipes US$861 million in debt owed to foreign suppliers by local firms

17 february 2020 - 17:34:33
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe (RBZ) has wiped off US$861 million in legacy debts that local [...] Full text...

thread Economy

Reserve Bank of Zimbabwe projects annual inflation rate of 50 percent by year end

16 february 2020 - 14:28:43
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe (RBZ) projects the annual inflation rate to reach 50 percent by [...] Full text...

thread Economy

Reserve Bank of Zimbabwe announces new bench-marked capital requirements for banks

22 january 2020 - 18:34:09
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe (RBZ) has announced new US dollar bench-marked capital requirements for local [...] Full text...

thread Economy

Why the Zimbabwe dollar is failing and continues to do so - Analysis

12 january 2020 - 17:00:09
Harare, Zimbabwe (PANA) - The Zimbabwe dollar is technically valueless. This is because the Zimbabwe dollar has lost well over 500 [...] Full text...

thread Economy

'Introduce mobile money interoperability', Zimbabwe ICT entity tells Govt

04 january 2020 - 15:53:49
Harare, Zimbabwe (PANA) - Local ICT activists, the Zimbabwe Information and Communication Technologies (ZICT), has urged the government to introduce [...] Full text...

thread Sciences

Zimbabwe's deputy minister of Energy blames fuel shortages on Finance ministry

19 december 2019 - 16:28:27
Harare, Zimbabwe (PANA) - Zimbabwe’s Energy and Power Development deputy minister, Magna Mudyiwa has blamed her counterparts in the Ministry [...] Full text...

thread Society

Reserve Bank of Zimbabwe targets ZWL$7 billion (US$416.66 million) by year end to stabilise local currency

05 december 2019 - 18:17:08
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe (RBZ) is targeting reserve money of ZWL$7 billion (US$416.66 million) by [...] Full text...

thread Economy

Reserve Bank of Zimbabwe admits that money supply could increase

29 november 2019 - 19:50:21
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe (RBZ) has admitted that the 2020 National Budget could increase money [...] Full text...

thread Economy

Reserve Bank of Zimbabwe halves interest rates to 35 percent

19 november 2019 - 05:49:15
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe (RBZ) has halved its interest rates to 35 percent in support [...] Full text...

thread Economy

Fuel prices in Zimbabwe go up again

18 november 2019 - 05:38:45
Harare, Zimbabwe (PANA) - Fuel prices have risen to ZWL(Zimbabwe dollar) $17.74 (US$1.08) and ZWL$17.07 (US$1.07) per litre of diesel [...] Full text...

thread Society

'New Zimbabwe currency notes were already in the market before official release'

18 november 2019 - 05:32:06
Harare, Zimbabwe (PANA) - The Anti-Corruption Trust of Southern Africa (ACT-SA) has alleged that the newly introduced currency notes in Zimbabwe [...] Full text...

thread Economy

New Zimbabwe dollar notes flood black market

15 november 2019 - 07:39:07
Harare, Zimbabwe (PANA) - Zimbabwe's newly introduced currency has flooded the parallel forex market in less than a week from [...] Full text...

thread Economy

Zimbabwe dollar depreciates by 520 percent

11 november 2019 - 22:09:30
Harare, Zimbabwe (PANA)   -  The Zimbabwe dollar (ZWL) has depreciated by over 520 percent since its introduction in February, this [...] Full text...

thread Economy

Zimbabwe cabinet minister Joram Gumbo arrested for corruption, released

05 november 2019 - 00:27:44
Harare, Zimbabwe (PANA)   -   Minister in the President’s Office in Charge of Policy Implementation Jorum Gumbo was arrested Monday by [...] Full text...

thread Politics

Reserve Bank of Zimbabwe announces new coins to come next week

05 november 2019 - 00:13:22
Harare, Zimbabwe (PANA)  -  The Reserve Bank of Zimbabwe (RBZ) announced here Monday it would begin circulating a ZWL(Zimbabwe dollar)$2 [...] Full text...

thread Economy

Zimbabwe’s main opposition party MDC condemns govt plans to inject fresh new currency

30 october 2019 - 23:51:56
Harare, Zimbabwe (PANA)   -   Zimbabwe’s main opposition party, the MDC, Wednesday condemned government’s announcement to inject more cash into the [...] Full text...

thread Economy

Informal traders, SMEs in Zimbabwe to be hard hit by ban on cash in and outs on mobile money

02 october 2019 - 18:44:19
Harare, Zimbabwe (PANA) - Vendors Initiative for Social and Economic Transformation (VISET) says the ban on cash in and outs [...] Full text...

thread Economy

Reserve Bank of Zimbabwe bans mobile money cash-ins and outs to curb illicit financial activities

30 september 2019 - 16:40:18
Harare, Zimbabwe (PANA) – The Reserve Bank of Zimbabwe (RBZ) has banned all cash-in and out activities on the mobile [...] Full text...

thread Economy

'Zimbabwe's currency second worst performing in the world'

29 september 2019 - 21:15:40
Harare, Zimbabwe (PANA)   -   Renowned American Economist Steve Hanke says Zimbabwe’s currency is the second worst performing currency in the [...] Full text...

thread Economy

Zimbabwe's central bank freezes accounts of companies linked to President Mnangagwa's son, business associate

21 september 2019 - 04:53:47
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe (RBZ) froze the accounts of four companies to investigate money laundering [...] Full text...

thread Economy

RBZ preparing to inject additional cash into Zimbabwe economy

15 september 2019 - 08:20:49
Harare, Zimbabwe (PANA) - Zimbabweans have welcomed the decision by the Reserve Bank of Zimbabwe (RBZ) to inject more cash [...] Full text...

thread Economy

Zimbabwe's central bank to print 1.77 billion zimbabwe dollars

14 september 2019 - 16:11:38
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe (RBZ) will make a substantial injection of cash of about $1.77 [...] Full text...

thread Economy

'Zim dollar needs to be accepted locally first before it is outside'

13 july 2019 - 15:46:29
Harare, Zimbabwe (PANA) - Reserve Bank of Zimbabwe (RBZ) governor,  John Mangudya, says talks of getting the Zimbabwe dollar accepted [...] Full text...

thread Economy

Zimbabwe Finance Minister Mthuli Ncube dares legal experts over challenging SI 142 of 2019

08 july 2019 - 17:35:12
Harare, Zimbabwe (PANA) - Finance minister, Mthuli Ncube, has called litigations in the courts over his promulgation of Statutory Instrument [...] Full text...

thread Economy

Harare businessman and lawyer sues Zimbabwe's Finance minister over loss in value of bank balances

07 july 2019 - 14:25:05
Harare, Zimbabwe (PANA)   -   Harare lawyer and businessman Tawanda Nyambirai has sued Minister of Finance and Economic Development Mthuli Ncube, [...] Full text...

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Zimbabwe Ban of Multi-Currencies Challenged in high Court

03 july 2019 - 13:53:28
Harare, Zimbabwe (PANA) -Zimbabwean lawyers have filed an application at the High Court seeking an order to set aside and [...] Full text...

thread Economy

Reserve Bank seeks international recognition for Zimbabwe dollar

03 july 2019 - 11:14:39
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe (RBZ) has written to international organizations asking them to put the [...] Full text...

thread Economy

Zimbabwe's energy minister Chasi defends self over Eskom payment

30 june 2019 - 12:20:50
Harare, Zimbabwe (PANA)  -  Zimbabwe's Energy Minister Fortune Chasi has blamed the ministry of Finance and Reserve Bank of Zimbabwe [...] Full text...

thread Economy

Drought, Cyclone Idai affect Zimbabwe's 2018/19 tobacco production

29 june 2019 - 17:59:13
Harare, Zimbabwe (PANA) - Drought and damage caused by the March Category three storm, Cyclone Idai, have impacted the current [...] Full text...

thread Agriculture

Zimbabwe says foreign tourists won't be affected by recent monetary changes

27 june 2019 - 15:37:00
Harare, Zimbabwe (PANA) - Zimbabwe Tourism Authority (ZTA) has assured foreign tourists that they will not be affected by the [...] Full text...

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Reserve Bank of Zimbabwe directive threatens foreign currency holders' monies

26 june 2019 - 14:26:28
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe’s (RBZ) latest monetary measures have introduced stringent conditions for foreign currency [...] Full text...

thread Economy

Weakening RTGS dollar weighs down Zimbabwe Stock Exchange

11 june 2019 - 15:10:13
Harare, Zimbabwe (PANA) - Local financial services firm, IH Securities has cited the weakening RTGS dollar as causing a “dislocation” [...] Full text...

thread Economy

Zimbabwe Energy Regulatory Authority warns oil firms against raising fuel prices

29 may 2019 - 13:52:09
Harare, Zimbabwe (PANA) - Zimbabwe Energy Regulatory Authority (ZERA) has said fuel prices will remain at RTGS$4.89 (96 US cents) [...] Full text...

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Zimbabwe Treasury blamed for misleading the nation on money matters

29 may 2019 - 05:13:31
Harare, Zimbabwe (PANA) - Zimbabwe's Treasury has misled the nation at least three times this year, on the amount of [...] Full text...

thread Economy

Former Zimbabwe central bank governor Moyana says working on book for economic inspiration

28 may 2019 - 22:50:32
Harare, Zimbabwe (PANA)   -   Former Reserve Bank of Zimbabwe (RBZ) governor Kombo James Moyana said here Tuesday he was working [...] Full text...

thread Economy

Zimbabwe legislators grill Zimbabwe Justice minister Ziyambi Ziyambi over fuel increases

23 may 2019 - 17:06:22
Harare, Zimbabwe (PANA) – Zimbabwe legislators grilled Justice minister Ziyambi Ziyambi, over the increase in fuel prices by 50 percent [...] Full text...

thread Economy

Zimbabwe’s liquidity shortages to slow growth - Fitch Solutions

22 may 2019 - 18:26:39
Harare, Zimbabwe (PANA) – Zimbabwe’s liquidity shortages will continue to act as a constraint on economic activity in the coming [...] Full text...

thread Economy

Prices of basic commodities and services to increase further in Zimbabwe

22 may 2019 - 17:54:46
Harare, Zimbabwe (PANA) – The Confederation of Zimbabwe Retailers (CZR) has warned of further price increases following the price of [...] Full text...

thread Economy

Forex interbank market rates jump 33,52 percent in Zimbabwe

21 may 2019 - 18:38:31
Harare, Zimbabwe (PANA) – The forex interbank market rates jumped by 33.52 percent to an average of US$1:RTGS$4.70 following the [...] Full text...

thread Economy

Fuel prices in Zimbabwe set to go up by 50 pct (Eds: Refiling to correct para 1. RBZ does not fix fuel prices)

21 may 2019 - 04:42:56
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe (RBZ) on Monday abandoned a US$1:RTGS$1 rate of importing fuel for oil [...] Full text...

thread Economy

Zimbabwe businesses agree on a price stabilisation process as the economy worsens

19 may 2019 - 12:06:35
Harare, Zimbabwe (PANA) - Zimbabwe business organisations have agreed to arrest the economic decline and stabilise the situation worsened by [...] Full text...

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Zimbabwe's President Mnangagwa extends the central bank governor's term by five years

04 may 2019 - 18:17:03
Harare, Zimbabwe (PANA) – Zimbabwe President Emmerson Mnangagwa has extended Reserve Bank of Zimbabwe (RBZ) governor John Mangudya’s tenure as [...] Full text...

thread Economy

Zimbabwe govt working on fresh lines of credit to support industry

30 april 2019 - 22:18:51
Harare, Zimbabwe (PANA)  -  The Zimbabwe government is putting in place lines of credit to help critical sectors of industry [...] Full text...

thread Economy

Zimbabwe opposition plans demonstration over deteriorating economy

25 april 2019 - 11:06:12
Harare, Zimbabwe (PANA) - Zimbabwe’s main opposition party, Movement for Democratic Change (MDC), has said it will hold nationwide protests [...] Full text...

thread Politics

ZTA welcomes removal of 2% transfer tax on tobacco proceeds

01 april 2019 - 09:57:56
Harare, Zimbabwe (PANA)- Zimbabwe Tobacco Association (ZTA) has welcomed the removal of the 2% transfer tax, introduced last year to increase [...] Full text...

thread Agriculture

Zimbabwe's new currency not constitutional - Veritas

24 march 2019 - 12:00:41
Harare, Zimbabwe (PANA) – Legal think tank Veritas, has said Zimbabwe’s new currency is not constitutional as Statutory Instruments (SI) [...] Full text...

thread Economy

Infighting between Zimbabwe's finance officials spills into the public

12 march 2019 - 21:52:51
Harare, Zimbabwe (PANA) - Zimbabwe’s Finance minister Mthuli Ncube and Reserve Bank of Zimbabwe (RBZ) governor John Mangudya have reported [...] Full text...

thread Economy

Infighting between Zimbabwe's finance officials spills into the public

12 march 2019 - 21:38:17
Harare, Zimbabwe (PANA) - Zimbabwe’s Finance minister Mthuli Ncube and Reserve Bank of Zimbabwe (RBZ) governor John Mangudya have reported [...] Full text...

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Tanzania: 'Zimbabwe stuck in economic hardship, despite redoubled efforts'

30 september 2014 - 08:09:50
Dar es Salaam, Tanzania (PANA) - Though the Zimbabwe government has redoubled its efforts to re-balance policies toward a stable [...] Full text...

thread Economy