Zimbabwe, whose currency declined 80% before being abandoned, is now worried about its new unit appreciating too fast. The ZiG has advanced 1.6% against the dollar since it was introduced on April 5, ...

Zimbabwe's government on Saturday ordered banks to stop lending with immediate effect in a move Harare said was designed to stop speculation against the Zimbabwean dollar and was part of a raft of ...

HARARE (Reuters) - A series of Zimbabwean-owned banks are struggling to stay above water as loan defaults grow, forcing lenders to turn to foreign investors if they can and undermining President ...

A woman stands in a nearly-empty grocery store in Harare, Zimbabwe on October 9, 2018. (AP / Tsvangiravi Mukwazhi) By signing up, you confirm that you are over the age of 16 and agree to receive ...

Zimbabwe’s authoritarian government is working with World Bank staff and outside powers to get the creditors to clear billions in arrears and restart loans. Now is not the time for the World Bank to ...

Zimbabwean banks have been served with a summons in a $100 million lawsuit accusing lenders of colluding to stamp out competition in the provision of bulk-payment services, such as salary ...

HARARE, Zimbabwe (AP) — Zimbabwe has launched gold coins to be sold to the public in a bid to tame runaway inflation that has further eroded the country’s unstable currency. The unprecedented move was ...

Zimbabwe is renewing efforts to ditch the US dollar as the dominant form of tender in the southern African nation by leaning ...

HARARE (Reuters) - Zimbabwe's Reserve Bank has borrowed $985 million from African banks to purchase fuel and other critical imports with current reserves covering imports for just four weeks, ...

Stanbic Bank Zimbabwe, a major commercial bank in Zimbabwe, is committed to helping Zimbabwean companies tap into the vast Chinese market, a senior manager has said.

Zimbabwe’s central bank, Reserve Bank of Zimbabwe, has announced that the use of the cryptocurrency Bitcoin is not allowed in the country. The bank has already issued a warning in the past stating ...