Zimbabwe’s central bank is in talks with the international arm of the National Payments Corp. of India to upgrade its payments technology as it seeks to cut costs and speed up transactions.

Zimbabwe plans to cancel duty on food imports to help cushion prices from the impact of potential crop shortages caused by the El Nino weather pattern, said Finance Minister Mthuli Ncube.

Zimbabwe said that compensation to White farmers for land seized 26 years ago has now reached $508 million, as the southern African nation seeks to restore access to international capital markets.

Zimbabwe said that compensation to White farmers for land seized 26 years ago has now reached $508 million, as the southern African nation seeks to restore access to international capital markets.

Prominent Zimbabwean businessman Wicknell Chivayo, his wife and four other people died in a helicopter accident in a rural area in the east of the country.

Zimbabwe’s central bank reduced its interest rate for a second time in a row, bucking a global trend toward keeping borrowing costs higher for longer as the US-Iran standoff keeps energy prices elevated.

South Africa and Zimbabwe are discussing a $500 million dam project to supply water to an industrial hub near their border, according to documents seen by Bloomberg.

Zimbabwe’s transition to a single currency will be driven by market conditions and macroeconomic stability, rather than a fixed timetable, central bank Governor John Mushayavanhu said.

The World Bank cautioned Zimbabwe against rushing to end the use of dollars in the economy as it could trigger capital flight.

Tsingshan Holding Group Co. is considering as much as tripling output at a Zimbabwe steel plant it started in 2024, an expansion that could add to pressure on South Africa’s struggling steel industry as much of its production is exported to that country.

Zimbabwe said it’s on track to meet the economic goals set by the International Monetary Fund under an agreement struck earlier this year.

Zimbabwean President Emmerson Mnangagwa appointed a US-sanctioned tycoon who backed his campaign to extend his term to the country’s senate.

China’s Sichuan Yahua Industrial Group Co. plans to start operating a $200 million lithium-sulfate plant in Zimbabwe in the second quarter of next year amid a push by the southern African country to reap more value from its natural resources.

Shares in Old Mutual Ltd. began trading on Zimbabwe’s dollar-denominated stock exchange, six years after they were suspended on the country’s main bourse to curb a currency rout.

Zimbabwe said it will cap government support for buying gold at $300 million this year and review the scheme in the 2027 national budget, according to a letter from top economic officials to the International Monetary Fund.

Zimbabwe’s dollar-denominated stock exchange plans to boost its market value by 25% over the next year after Old Mutual Ltd. joined the bourse, while rolling out new products including a venture board that will help junior mining and exploration companies raise capital.

Zimbabwe won’t rush to phase out the US dollar and make the ZiG its sole currency until it is confident that inflation is under control and the exchange rate is stable.

France and the UK agreed to co-chair a body that will help Zimbabwe restructure the billions of dollars it owes creditors, the southern African nation’s Finance Ministry said.

Mutapa Energy Resources, Zimbabwe’s state-owned lithium miner, has secured $300 million from a group of companies, which includes Chinese entities, to develop its assets in the southern African nation.

Zimbabwean President Emmerson Mnangagwa said a constitutional amendment to extend his tenure by two more years was a collective decision, the Sunday Mail reported.