Could the black market become the only market in Zimbabwe?
Retail customers turned to informal markets where they could pay in the US dollars they still preferred, and at the more reasonable black market exchange rate.
By Global Press Journal
17h ago
Vast receives its blocked diamonds from RBZ
It was revealed that the board currently anticipates that the selling process will be conducted in a phased manner to maximise value for the company and its shareholders.
By Business Reporter
May. 8, 2025
Breaking economic mindset trap: Zim’s path to pragmatic renewal
Yet 2025, in its fifth month, shows tentative signs of recalibration.
By Vongai Mahagwe
May. 2, 2025
US dollar reigns: Why ZiG struggles to gain ground in banking landscape
With the introduction of the Zimbabwe Gold (ZiG) currency in April 2024, the Reserve Bank of Zimbabwe (RBZ) aimed to gradually grow its share in the
By Kudakwashe Taimo
Apr. 25, 2025
RBZ urges industry to use industrialisation financing options
To achieve that ‘stability’, the RBZ had to reduce the money supply to below normal market levels, resulting in a serious liquidity crunch which triggered deflation.
By Bongile Moyo
Apr. 24, 2025
Bard Santner heads to US for Seeff Zimbabwe Diaspora Property Showcase
The US event is part of its strategy to provide a platform and channel for Zimbabweans and US investors seeking to come into the country and region.
By Own Correspondent
Apr. 17, 2025
Assessing prospects of new notes in Zim: The ZiG experience
Launched on April 5, 2024, ZiG was rolled out to stabilise the economy amid soaring inflation and a depreciating local currency.
By Raymond Tendai Rusinga
Apr. 10, 2025
Gloomy anniversary : US dollar suffocates the ZiG
The ZiG is being used to settle mostly minor transactions including utility and tax payments and a portion of civil servant wages.
By Ray Ndlovu
Apr. 6, 2025
OK charts recovery plan, announces US$30m capital raise
This left retailers essentially selling goods at a discount, forcing consumers to turn to the informal sector for higher purchasing power.
By Tatira Zwinoira
Apr. 3, 2025
