US$150m assets seized in crackdown

In 2020, Zimbabwe’s Unexplained Wealth Orders were enacted into law through an insertion of a new provision into the Money Laundering and Proceeds of Crime Act of 2013.
By Tinashe Kairiza Jun. 14, 2024

‘ZiG powerless to fight cost-push inflation’

In April, RBZ governor John Mushayavanhu introduced a new currency, Zimbabwe Gold (ZiG), which is backed by gold and forex as part of measures to stabilise the economy.
By Tatira Zwinoira Jun. 7, 2024

Zinara on course to clearing DBSA debt

Manyaya also revealed that they had managed to resolve 66 issues raised in the forensic audit.
By Harriet Chikandiwa Jun. 4, 2024

Govt threatens to sanction businesses

In an interview recently, Finance, Economic Development and Investment Promotion minister Mthuli Ncube warned businesses against using a rate above the official one.
By Priviledge Gumbodete May. 28, 2024

The proof is in the pudding

The currency is backed by gold and cash, which makes it stronger than its predecessors, according to monetary authorities.
By Newsday May. 25, 2024

Ceteris Paribus: What to expect from Stanchart acquisition

The transaction also fell within FBCH’s market adoptive plan of enriching and widening its loan underwriting capacity in the face of increasing volatility.
By Tinashe Duma May. 24, 2024

Corruption Watch: The absurdity of black market forex raids

There is an angry blitz involving the police and other security agencies to flash out money changers.
By Tawanda Majoni May. 19, 2024

Sloppy ground for the ZiG: Will RBZ win the market?

Zimbabwe’s agriculture sector is predominantly rainfall-dependent. Statistics show that roughly a paltry 6% of total arable land is under irrigation.
By Zvikomborero Sibanda May. 17, 2024

Whither our dearest ZiG?

Many are even wondering: Does this ZiG currency actually exist?
By Newsday May. 11, 2024