Finance

Zimbabwe needs US$6bln in reserves for shift to single currency

By Channel Africa Zimbabwe will need up to $6 billion in reserves to fully transition to a mono-currency system by
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Remittances from Zimbabweans in the UK top US$779 million – Mthuli

By Bloomberg News Zimbabwe’s remittance inflows have surged over the past five years, a sign of the growing influence of
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Zimbabwe’s inflation set to drop amid stable currency and gold boom

By Reuters HARARE: Zimbabwe’s annual inflation rate could halve from current levels by the end of 2025, driven by a
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IMF lauds Zimbabwe’s economic progress, but says arrears block lending

By Reuters WASHINGTON: The International Monetary Fund said on Thursday it remains unable to lend to Zimbabwe due to the
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Global lenders freeze Zimbabwe’s debt restructuring talks; cite failure to pay $3.5 billion land compensation

By Agencies Global lenders have frozen Zimbabwe’s debt restructuring talks, citing the government’s failure to pay $3.5 billion in compensation
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IMF urges Zimbabwe to provide more clarity on de-dollarization plan

By Xinhua HARARE: The International Monetary Fund (IMF) has called on Zimbabwe to provide greater clarity on its plan to
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Victoria Falls Stock Exchange jumps 34% in 2025, boosted by mining and investor confidence

By Agencies The Victoria Falls Stock Exchange (VFEX), Zimbabwe’s US dollar-denominated bourse, has delivered a remarkable 34% gain year-to-date, more
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Zimbabwe to unveil de-dollarization roadmap in November

By Xinhua HARARE: Zimbabwe’s central bank has announced its decision to launch a de-dollarization roadmap in November, along with the
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Zimbabwe says gold-backed currency stable but investor doubts persist

By Reuters HARARE: Zimbabwe’s gold-backed currency now has more than 100 percent reserve cover and is stable, according to the
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IMF wants Zimbabwe’s gold-backed ZiG to become sole currency

By Bloomberg News The International Monetary Fund said it would like to see the ZiG “fully becoming a national currency,”
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