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Inflation ravaged Zimbabwe introduces $100 note

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HARARE – Zimbabwe has introduced a new $100 note as inflation ravages the nation.

Announcing the new features of the dollar note in Statutory Instrument (SI) 68A of 2022, Finance minister Mthuli Ncube did not spell out the reasons for introducing the dollar note.

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According to the Reserve Bank of Zimbabwe (RBZ), the country is facing galloping inflation and the new note shall be issued in terms of section 40(3) of the Reserve Bank of Zimbabwe Act [Chapter 22:15].

Statutory Instrument 68A reads in part, “On the front side the dominant feature shall be the logo of the Reserve Bank of Zimbabwe (three balancing rocks), with the visually impaired recognition feature to the left, latent image showing the denomination, windowed security strip inscribed “RBZ” with color shift from red to green, watermark with highlighted inscription “RBZ” and see-through of Zimbabwe Bird looking to the left in perfect register, as secondary features.

“On the back side, there shall be an impression of Great Zimbabwe Monument and the Baobab Tree, gold colour iridescent band showing the denomination of the note and see-through of the Zimbabwe Bird looking to the right.”

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The RBZ last year introduced $10, $20 and $50 notes

In a statement, the RBZ said the Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (the Bank) met on April 1, 2022 to consider developments in the domestic and international macroeconomic environment as well as the impact of global geopolitical factors on the economy.

The RBZ said: “While noting the decline in month-on-month inflation, from 6.99% in February 2022 to 6.31% in March 2022, the Committee was concerned with the escalation in annual inflation, from 66.11% to 72.70%, over the same period.

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“The committee particularly noted that global inflation was on the increase as a consequence of the on-going Russia-Ukraine conflict which had secondary pass through effects on domestic and international prices.

“Rising prices of oil, gas, fertilizers and other related products had the effect of increasing global inflation and inevitably had a negative impact on domestic costs of production and was destabilising the foreign exchange market.

“In this regard, the committee reiterated the need for the bank to remain focused on inflation reduction and putting in place additional policy measures in response to the resurging inflationary pressures and foreign exchange parallel market activities.”

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The RBZ said the committee resolved to review upwards the bank policy rate from 60 percent to 80 percent per annum; review upwards the medium-term bank accommodation facility Interest Rate from 40 percent to 50 percent per annum; review upwards the minimum deposit rates for Zimbabwe savings and time deposits from 10 percent and 20 percent per annum to 12.5 percent and 25 percent, respectively.

The committee also recommended the tightening of the monetary policy by reducing the quarterly reserve money growth target from 7.5 percent to five percent for the quarter ending June 2022; liberalising the foreign exchange market by allowing banks to conduct foreign exchange transactions of up US$1,000 under an arrangement agreed upon between banks and the RBZ and in terms of which individuals with free funds and entities/corporates holding foreign exchange in their foreign currency accounts (after meeting the statutory surrender requirements) shall be free to sell foreign currency to banks on a willing-buyer-willing-seller basis; and ensuring that commercial imports are processed through normal banking channels in line with international best practice. –  VOA

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National

Chidzivo, Waison take top honors at Vic Falls Marathon

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BY NOKUTHABA DLAMINI 

Blessing Waison and Fortunate Chidzivo took top honors at the 2025 Econet Victoria Falls Marathon yesterday, as Zimbabwean long-distance runners excelled at Africa’s most prestigious road race.

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Econet General Manager – Marketing, Mrs Tariro Muchena (left), and Finance Director, Mr Chengeto Moyo, present the winner’s prize to men’s marathon champion, Blessing Waison, at the 2025 Econet Victoria Falls Marathon, while Victoria Falls Mayor, Mr Prince Moyo, looks on

The event, which featured athletes from over 40 countries, saw Waison storm to victory in the men’s full marathon, clocking 2 hours, 13 minutes, and 16 seconds. He narrowly beat decorated Olympian Isaac Mpofu in a thrilling duel that brought thousands of spectators to their feet.

Godwin Katakura followed closely in third, completing an all-Zimbabwean podium sweep in the 42.2km race. The trio’s success came with bigger rewards this year, after Econet Wireless doubled the total prize purse to $50,000.

Waison walked away with $3,000, while Mpofu and Katakura earned $2,000 and $1,500, respectively.

In the women’s marathon, Chidzivo delivered a commanding performance, clocking 2 hours and 42 minutes to claim another major title in her illustrious career. Ethel Pangiso and Phillipa Dube completed the women’s podium in second and third place, respectively.

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Rising star Wayne Kabondo turned heads in the men’s 21km half marathon, overcoming a formidable field to finish in 1 hour, 3 minutes, and 44 seconds. Kabondo pocketed $1,500 for his efforts.

In the women’s 21km race, Caroline Mhandu crossed the line in 1 hour, 17 minutes, and 50 seconds, ahead of Miriam Sibanda and Melody Kaseke.

The marathon’s inclusive spirit was evident in the 18km Specially Abled Races, which saw uplifting performances across different categories. Godknows Hamadziripi claimed the men’s tricycle title, while Samson Muroyiwa won the handcycle event.

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Among the women, Stella Jongwe triumphed in the handcycle race, and Ratidzo Tomu took first position in the tricycle category.

Organized by Econet Wireless in partnership with Wild Horizons, the 2025 edition drew over 5,000 participants and spectators from more than 40 countries. The marathon route, widely regarded as Africa’s most scenic, winds through game reserves and offers spectacular views of the Zambezi River and Victoria Falls.

https://x.com/vic_falls_live/status/1941861569450725776?s=46

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Beyond the races, this year’s event featured live music, traditional dance, health expos, and community wellness activities.

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Zimparks launches elephant culling program

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BY NOKUTHABA DLAMINI

In a bid to address the growing elephant population in Save Valley Conservancy, the Zimbabwe Parks and Wildlife Management Authority (ZimParks) has issued permits for a controlled elephant management exercise.

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The exercise, slated to commence shortly, aims to cull an initial 50 elephants from the conservancy, which is currently home to 2,550 elephants – more than three times the ecological carrying capacity of 800 elephants.

According to ZimParks, the conservancy has been struggling to cope with the swelling elephant population, which has put a strain on the wildlife habitat and resources. Over the past five years, the conservancy has translocated 200 elephants to other areas, including Hurungwe and Sapi, in an effort to manage the population.

Zimparks says the controlled culling exercise is expected to provide relief to the conservancy’s ecosystem, while also benefiting local communities.

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Elephant meat from the exercise will be distributed to local communities while the ivory will be kept by the State.

In a statement, ZimParks spokesperson Tinashe Farawo emphasized the authority’s commitment to responsible and sustainable wildlife management.

“We remain committed to ensuring that our wildlife resources are managed in a responsible and sustainable manner, for the benefit of present and future generations.”

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In the community

Hwange police seek public’s help in locating missing teen

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BY STAFF REPORTER 

The Hwange police are urgently seeking the public’s assistance in locating 16-year-old Latoya Lisa Munkuli, who went missing on May 7, this month.

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Latoya, a dark-complexioned female juvenile, was last seen leaving her residence in Hwange around 4 pm.

She was wearing a distinctive outfit consisting of green trousers and a white T-shirt, and carried a black satchel. She stands approximately 1.6 meters tall.

Inspector Glory Banda of the Hwange police is leading the investigation and urges anyone with information about Latoya’s whereabouts to come forward.

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If you have any information about Latoya’s disappearance, please contact Inspector Banda on 0785961747 or 0771256607.

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