The Reserve Bank of Zimbabwe (RBZ), through its Financial Intelligence Unit (FIU), has directed banks to immediately freeze accounts linked to mobile money agents suspected of involvement in illicit foreign currency transactions and money laundering. The directive, issued by Acting FIU Director-General Oliver Chiperesa, targets agents operating on EcoCash and OneMoney platforms.

President Emmerson Mnangagwa has directed government ministries and agencies to urgently eliminate trade restrictions as Zimbabwe intensifies efforts to boost cross-border commerce and deepen regional economic integration. The directive will initially focus on countries within the Southern African Development Community, where persistent tariff and non-tariff barriers continue to slow the movement of goods, services, and people.

Police in Bindura have impounded six tipper trucks loaded with suspected illegally mined gold ore from Phoenix Prince Mine, in a major operation targeting syndicates accused of looting resources under Mining Lease 21. The Zimbabwe Republic Police confirmed the seizure followed a coordinated operation by officers in Mashonaland Central, marking one of the most significant crackdowns on illegal mining in the area in recent months.

There is a generation in Zimbabwe’s economy and governance crisis that has never experienced a fully functional system. For them, inefficiency in Zimbabwe is not an interruption, it is the baseline.

Deputy Governor Matshe was careful to manage expectations regarding the timeline, emphasizing that the move away from the U.S. dollar would be a slow, phased process rather than an overnight shift. “Not soon, but one day,” Matshe stated, noting that the ZiG has already demonstrated resilience, having gained approximately 2.5% in value over the past three months.

BULAWAYO — In a major move to bolster youth entrepreneurship, the Government has officially launched a US$1 million Youth Economic Fund. Designed to expand financial access for young entrepreneurs across all 10 provinces, the initiative aims to stimulate innovation and combat the significant challenge of youth unemployment.

BULAWAYO — A significant shift is taking hold in the Midlands capital as service stations in Bulawayo have begun accepting the Zimbabwe Gold (ZiG) currency for fuel purchases. This development signals growing confidence in the local currency and marks a notable departure from the resistance encountered following the ZiG's introduction in April 2024.

HARARE — Zimbabwe is bracing for a boost in its agricultural output for the 2025/26 season, with the government projecting a 2% increase in maize production to 2.35 million tonnes, up from 2.29 million tonnes recorded last season. The announcement was made by the Minister of Agriculture, Anxious Masuka, during a post-Cabinet update, signaling a broader recovery in cereal output, including traditional grains, rice, sorghum, and wheat that officials believe will place the natio

HARARE — Motorists breathed a collective sigh of relief late Friday as the Zimbabwe Energy Regulatory Authority (ZERA) announced an immediate reduction in pump prices for both diesel and petrol, marking the first tangible cooldown following the steep hikes earlier this month. The adjustment, effective immediately as of April 17, 2026, sees diesel drop to US$2.09 per litre (down from US$2.11) and petrol fall to US$2.08 per litre (a significant drop from US$2.23).

HARARE — In a lecture that has sent shockwaves through geopolitical circles, Prof. Jiang Xueqin has doubled down on his controversial 2024 predictions, outlining a terminal decline for American influence in the Middle East. Speaking to a global audience this week, Jiang argued that the current US–Iran war is not merely a regional conflict, but the "Sicilian Expedition" of the American empire—a fatal overextension from which there is no recovery.

HARARE — The Bankers Association of Zimbabwe (BAZ) has launched a high-stakes legal challenge against the Zimbabwe Revenue Authority (ZIMRA), intensifying a bitter dispute over tax treatments that lenders warn could cripple the nation’s financial stability and freeze credit lines. At the heart of the litigation is ZIMRA’s interpretation of the Income Tax Act, which has disallowed interest expenses, the fundamental cost of doing business for banks, as deductible expenses when

BULAWAYO — Zimbabwe may have been bled of over US$400 million in potential revenue due to the export of undeclared caesium and tantalum prior to the recent government crackdown on raw mineral shipments. These high-value minerals were reportedly "piggybacking" on lithium concentrates, leaving the country unaccounted for and untaxed.

At any given moment in Zimbabwe, two things are almost guaranteed: someone is placing a sports bet, and someone is opening a drink. More often than not, it is the same person.

HARARE — Zimbabwe’s newly introduced import restrictions under Statutory Instrument (SI) 59 of 2026 are expected to strengthen local manufacturing and protect domestic industries, according to fresh analysis by Lucent Consultancy. The regulations, issued under the Control of Goods Act, mark a significant shift in the country’s trade policy, with authorities aiming to curb foreign currency outflows, enhance product standards, and stimulate domestic production.

HARARE — Zimbabwe has officially introduced new Zimbabwe Gold (ZiG) banknotes into circulation today, marking a significant step in the country’s efforts to strengthen monetary stability and restore confidence in the local currency. The new notes, issued by the Reserve Bank of Zimbabwe, feature the iconic Zimbabwe Bird alongside images of indigenous wildlife, reflecting national heritage while signalling a fresh chapter in currency reforms.

HARARE — Zimbabwe’s recent announcement of a US$0.54 per litre diesel tax removal has triggered widespread debate after fuel prices increased instead of falling, raising concerns over transparency in the country’s fuel pricing model. Motorists and businesses are questioning the credibility of the policy following the latest price adjustments by the Zimbabwe Energy Regulatory Authority, which saw petrol rise to US$2.23 per litre and diesel to US$2.11.

BULAWAYO — The National Railways of Zimbabwe (NRZ) has appointed seasoned investment executive Munyaradzi Stephen Charangwa as its new Chief Executive Officer, effective April 1, 2026, as the parastatal intensifies efforts to recapitalise and modernise the country’s rail network. Board Chairperson Misheck Sibanda announced the appointment during a senior management meeting in Bulawayo, describing Charangwa as a strategic leader with strong credentials in infrastructure invest

Parliament has called on Energy and Power Development Minister July Moyo to deliver an urgent ministerial statement after the Zimbabwe Energy Regulatory Authority raised fuel prices this month.