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News
ZWG annual inflation rate falls to 2,9% in August
7+ hour, 45+ min ago (317+ words) Zimbabwe’s ZWG annual inflation rate registered another decline, falling to 2.9% in August 2026 from 3.2% recorded in July, the Zimbabwe National Statistics Agency (ZimStat) reported on Tuesday. The statistics agency also revealed that ZWG month-on-month inflation remained stable at 0.1% in August, unchanged…...
Zimbabwe central bank chief credits price stability for mitigating global shocks
2+ day, 6+ hour ago (274+ words) GREATER price stability in the first half of 2026 has helped Zimbabwe mitigate the impact of Middle East oil price shocks, Reserve Bank of Zimbabwe Governor John Mushayavanhu said on Thursday. Delivering the 2026 mid-term monetary policy statement, Mushayavanhu noted that single-digit…...
Ralph Mupita: The man who wanted to be an astronaut, now makes R272,000 a day as a tech CEO in South Africa
2+ week, 1+ day ago (632+ words) Ralph Mupita grew up wanting to become an astronaut, became a civil engineer, and then went on to become the CEO of MTN, the second-largest mobile telephone network in South Africa. Mupita was born in Zimbabwe, where he grew up…...
ZWG annual inflation rate drops to 3,2% in July
4+ week, 1+ day ago (274+ words) Zimbabwe’s annual ZiG inflation rate fell to 3.2% in July 2026, down 1.5% from the previous month’s 4.7%. Latest data released by the Zimbabwe National Statistics Agency (Zimstat) on Monday also showed that the ZiG month-on-month inflation rate eased to 0.1% in July from 0.6% recorded…...
Zimbabwe cuts rates first globally after US-Iran peace deal
2+ mon, 1+ week ago (311+ words) Zimbabwe’s central bank became the first in the world to cut interest rates after the US and Iran said they reached an interim peace deal to reopen the Strait of Hormuz, an announcement that drove down oil prices. The monetary…...
DZL hails sustained economic resilience as volumes growth surge to 26%
3+ mon, 1+ week ago (283+ words) LISTED milk processor, Dairibord Zimbabwe Limited (DZL) has commended the obtaining sustained economic resilience for contributing immensely towards sales volumes growth which surged to 26% in the reporting period. Presenting a Trading Update for the period ended March 31, 2026, DZL company secretary,…...
Zimbabwe's inflation hits 2,8% as Middle East conflict pushes up costs
3+ mon, 4+ week ago (345+ words) Zimbabwe’s year-on-year inflation rate for April 2026 rose to 2.8%, largely driven by rising import costs linked to ongoing Middle East tensions, which have unsettled global markets. The conflict, particularly concerns around Iran and the potential closure of the Strait of Hormuz,…...
Zimbabwe's currency deeply undervalued - says Central Bank governor
4+ mon, 5+ day ago (442+ words) Zimbabwe’s central bank governor says the country’s currency is significantly undervalued, arguing that its true value is closer to half its current market price when measured against foreign reserves and gold backing. “If we wanted to buy back all the…...
Zimbabwe's inflation outlook remains uncertain - CZI says
4+ mon, 1+ week ago (353+ words) THE country’s inflation outlook remains uncertain due to conflicts in the Middle East, the Confederation of Zimbabwe Industries (CZI) latest update has reported. According to the Zimbabwe National Statistics Agency (Zimstat), ZiG year-on-year inflation increased by 0.6 percentage points, rising to…...
What really pushed Zimbabwe’s inflation down to a single-digit?
6+ mon, 3+ week ago (423+ words) Zimbabwe’s annual inflation rate has fallen to 4.1%, marking the first time the country has recorded single-digit inflation since 1997. Authorities have described the development as historic, but behind the headline figure is a combination of tighter policies, short-term stabilisers and firm…...