ZimGazette

Editor 18 October 2024 No Comment

Government undermining ZiG by overspending – says country’s biggest brokerage

By Bloomberg HARARE: Zimbabwe’s new gold-backed currency is likely being undermined by the state tapping the central bank for funding

George Guvamatanga, the secretary for finance and economic development

Editor 18 October 2024 No Comment

Zimbabwe treasury secretary rules out exchange-rate convergence

By Bloomberg HARARE: Zimbabwe won’t allow the street rate of the ZiG to determine where its official rate should be

Editor 13 October 2024 No Comment

Zimbabwe central bank chief says ZiG 43% devaluation a ‘once-off’ event

By Bloomberg News HARARE: Zimbabwe sought to assure citizens that its gold-backed currency would not suffer another steep devaluation and

Zimbabwe's finance minister Prof Mthuli Ncube

Editor 10 October 2024 No Comment

Zimbabwe government hires advisers over US$21 defaulted debt

By Bloomberg Zimbabwe’s government has hired financial and legal advisers to help it navigate potential talks with international creditors over

Editor 9 October 2024 No Comment

World Bank approves new Zimbabwe engagement programme

By Business Correspondent THE World Bank has approved a new short-term engagement for Zimbabwe which is focussed on the country’s

Editor 6 October 2024 No Comment

Zimbabwe’s sixth attempt at a new currency is floundering again

By Globe & Mail In a jingle aired endlessly on Zimbabwean state television, an all-star singing group seems ecstatic about

Editor 3 October 2024 No Comment

Mnangagwa vows to implement measures to stop currency slide

By Reuters HARARE: Zimbabwe’s President Emmerson Mnangagwa on Wednesday vowed to implement corrective measures to protect people’s incomes after the

Editor 1 October 2024 No Comment

Bankers warn RBZ after massive ZiG devaluation; say ‘people lose out’ from big shocks

By Reuters HARARE: Zimbabwe’s bankers on Tuesday warned the central bank about the impact of any future shocks to the

Editor 1 October 2024 No Comment

Zimbabweans reject ZiG currency after 40% devaluation

By Agencies HARARE: Merchants, public transport operators, and other institutions are rejecting the Zimbabwe Gold (ZiG) after the reserve bank devalued

Editor 27 September 2024 No Comment

RBZ devalues new ZiG currency 44% against USD; bows to market pressure

By Bloomberg News Zimbabwe’s bullion-backed currency has slid past 14 per dollar, its weakest level on the official market since

Finance