Zimbabwe News Update
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News / NationalZimbabwe’s foreign reserves near US$1 billionby Staff reporter52 mins ago |44ViewsReserve Bank of Zimbabwe (RBZ) Deputy Governor Dr. Innocent Matshe has revealed that the country’s foreign reserves have surged from US$276 million in April 2024 to about US$930 million by September 2025, marking a significant improvement in the nation’s financial position.Dr.
Matshe said the central bank now aims to reach the US$1 billion mark within the next month, a milestone that would further strengthen Zimbabwe’s external sector stability.He noted that the current reserves now cover reserve money five times over, a position he described as exceptional among peer economies in the region.Import cover has also improved dramatically, rising from 0.2 months in 2024 to 1.2 months in 2025, with the RBZ targeting three to six months of import cover by 2030.The Deputy Governor attributed the progress to disciplined monetary management, enhanced export performance, and improved inflows from mining and remittances.He added that sustained growth in reserves will be key to stabilising the local currency, supporting import requirements, and reinforcing investor confidence in Zimbabwe’s economy.Source – onlineMore on:#Forex,#Billion,#ZimbabweJoin the discussionLoading comments…Enable JavaScript to view comments.Live UpdatesGet the Daily DigestSubscribeSubscribe to the Daily DigestMust ReadSuspected Zanu-PF youths disrupt MDC presser2 hrs ago |89 ViewsHarare businessman loses US$5 000 to hookers2 hrs ago |133 ViewsMan in court for harassing brother’s girlfriend2 hrs ago |77 ViewsZifa faces backlash over appointment of Marian Marinica2 hrs ago |85 ViewsIllegal miners invade Zanu-PF senator’s farm2 hrs ago |75 Views5 perish in kombi, haulage truck crash2 hrs ago |134 ViewsZimparks dismisses report of stray lions2 hrs ago |67 ViewsFlash floods sweep through Gwanda2 hrs ago |62 ViewsDonald Trump wants South Africa out of the G203 hrs ago |129 ViewsEFF to march to ConCourt demanding Phala Phala judgment5 hrs ago |112 ViewsMnangagwa sets December 20 for Nkulumane by-election5 hrs ago |127 ViewsOperation Dudula to defy court order5 hrs ago |225 ViewsCSC JF partners with NAMFED and MHETF for national clean-up Campaign6 hrs ago |81 ViewsChiwenga’s Inauguration Trip to Tanzania Exposed His Confusion*7 hrs ago |612 ViewsFrom static to dynamic: adding transparent background logos in CapCut7 hrs ago |60 ViewsGifford Sibanda Resigns from Ibhetshu LikaZulu7 hrs ago |202 ViewsBREAKING: Senior Ibhetshu LikaZulu Official Resigns Over Tshabangu Links and Strategic Rift7 hrs ago |205 ViewsFuzwayo, Ibhetshu Likazulu seeking to block Zanu-PF’s Resolution 17 hrs ago |182 ViewsBiti slams alleged use of phantom court cases to legitimise Mnangagwa’s 2030 agenda8 hrs ago |307 ViewsFilabusi youth seeks US$30,000 for life-saving liver transplant8 hrs ago |107 ViewsRobert Mugabe Jnr issued with warrant of arrest8 hrs ago |293 ViewsMajor scandal erupts over Mnangagwa’s alleged 2030 term extension plot8 hrs ago |767 ViewsProphet Magaya followers, business in disarray8 hrs ago |729 ViewsMadzibaba WeShanduko seriously ill in prison8 hrs ago |342 ViewsZimra launches fresh crack down on tax compliance8 hrs ago |235 ViewsPolice probe Bulawayo bus company owner8 hrs ago |247 ViewsGranny wins protection order against abusive sons8 hrs ago |130 ViewsHarare men arrested for kidnapping 14-year-old girl8 hrs ago |95 ViewsBCC grapples with illegal miners8 hrs ago |103 ViewsToday’s Most ReadChiwenga not Zanu-PF’s chosen one05 Nov 2025 at 18:46hrs |1349 ViewsJoshua Nkomo’s ex-bodyguard stealing Zpra property?05 Nov 2025 at 19:08hrs |1220 ViewsPlot to block Sanyatwe’s rise in ZANU-PF exposed, amid allegations of political maneuvering9 hrs ago |860 ViewsChiwenga orders end to raw lithium exports by January05 Nov 2025 at 19:11hrs |1020 ViewsChiwenga unhappy with Bhulaayo Kraal Project14 hrs ago |785 ViewsMajor scandal erupts over Mnangagwa’s alleged 2030 term extension plot8 hrs ago |767 ViewsProphet Magaya followers, business in disarray8 hrs ago |729 ViewsMphoko’s estate opened for claims05 Nov 2025 at 19:09hrs |856 ViewsChiwenga’s Inauguration Trip to Tanzania Exposed His Confusion*7 hrs ago |612 ViewsHigh Court suspiciously grants notorious armed robber bail14 hrs ago |529 ViewsRead All Our Latest News
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