Reserve Bank of Zimbabwe

Treasury Bill auctions make a comeback, Zimbabwe prepares infrastructure bond

Reserve Bank of Zimbabwe has carried out its first public Treasury Bill (TB) auction in years, hoping to gauge appetite for the paper while preparing to issue...

Civil servants reject Govt’s new pay offer, call it a ‘waste of time’

Public sector workers have rejected a government offer of ZWL$180 million in added pay for the July-December period as inadequate in the face of soaring inflation, a...
Zimbabwe power crisis

How did ZESA avoid load-shedding for 5 years? They borrowed from Reserve Bank to...

For five years, the Zimbabwe government was avoided power shortages by at times borrowing from central bank and then using the money to buy forex for electricity...
Zimbabwe economy

Mthuli signals end to ‘shock therapy’, but fresh rate hike still in his arsenal

Finance Minister Mthuli Ncube reckons he’s done with his “shock therapy” of the Zimbabwean economy, saying he believes he’s made progress towards mending the fiscal deficit and the exchange...

Invictus Energy partner expects drilling in 2020 to confirm resource

One Gas Resources, the exploration partner of Invictus Energy in Zimbabwe’s Muzarabani district, expects drilling to begin in the second half of next year, targeting an estimated...
Zimbabwe coffee

FEATURE | After years of slumber, Zimbabwe farmers wake up to smell the coffee

By MacDonald Dzirutwe HONDE VALLEY - David Muganyura smells the coffee cherries on the slopes of his plot and breaks into a smile, as he...