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RBZ Cuts Exporters' Forex Retention to 70%
Zim Now Writer The Reserve Bank of Zimbabwe has reduced the percentage of foreign currency that exporters can retain from 75% to 70%, with the remaining 30% now converted into Zimbabwe Gold.This polic...
Banking Sector Approves 10% Wage Increase for 2025
Zim Now Writer Zimbabwe’s banking sector has approved a 10% wage increase for employees in 2025, with the lowest-paid worker set to earn US$709 per month, while the highest-paid employee will receive...
Allegations of Flight Log Irregularities Plague Executive Air
Zim Now ReporterExecutive Air, a prominent player in Zimbabwe's aviation sector, is embroiled in controversy surrounding its alleged failure to maintain accurate flight logs.Sources close to the matte...
Australia’s Financial Woes Impact Gas, Oil Exploration in Zim
Nyashadzashe NdoroChief ReporterVictoria Falls Stock Exchange listed oil and gas exploration company, Invictus Energy Limited, has reported that its quarterly expenditure was impacted by the weakening...
World Bank Projects Zim's Economic Growth Contingent on Reforms
Oscar J JekeZim Now ReporterThe World Bank's recent report paints a pivotal picture of Zimbabwe’s economic trajectory, describing the nation as being "at a crossroads."In its 2025 Zimbabwe Economic Up...
Trade Deficit Widens as Imports Surge in 2024
Zim Now WriterZimbabwe’s trade deficit has widened in 2024 as imports surged faster than exports, underscoring the country’s ongoing economic challenges.Newly released trade data reveals that while ex...
Workers bear the brunt :347 employees lose jobs
Zim Now WriterThe recent restructuring exercise by CBZ Holdings Limited, Zimbabwe's largest financial services group, has left 347 employees without jobs. The exercise, which was completed on January...
The devastating impact of ZIMRA's Livestock Valuation Tax
Nyashadzashe NdoroChief ReporterCritics are slamming the Zimbabwe Revenue Authority's decision to tax livestock, calling it a "non-progressive" and "problematic" move that will disproportionately affe...
Currency Changes Prompt BAT to Extend Audit Firm's Tenure
Nyashadzashe NdoroChief ReporterBritish American Tobacco Zimbabwe (Holdings) Limited has announced plans to extend the mandate of its audit firm, KPMG, for an additional 12 months.The decision, which...
CBZ Bank Retrenches 400 Employees in Restructuring Drive
 Gilbert MunetsiZim Now Writer CBZ Bank has initiated the second phase of its workforce restructuring program, which will see 400 employees exiting the financial institution. The initiative, code-name...