The Zimbabwe Mail

HARARE — Court papers have brought fresh scrutiny to the wealth and lifestyle surrounding Kelsea Tadiwa Tafirenyika, with an asset schedule filed in the State’s case putting the stated value of her listed movable and immovable property at about US$9.35 million.According to an annexure to Form 242 reproduced in court papers, the assets comprise 10 properties valued at US$6.745 million and vehicles with stated values totalling US$2.609 million. The calculation excludes a Toyota Land Cruiser whose value was not...

WASHINGTON — The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interest on the burgeoning deficit make up an enormous share of federal spending.The milestone figure was recorded just five months after the U.S. hit a record $39 trillion debt in March. It reached $38 trillion five months before that, in October.The unprecedented $40 trillion figure highlights competing administration priorities, from boosting defense spending...

HARARE — Zimbabwean equities edged higher on Thursday, with the benchmark All Share Index gaining 0.20 percent, although subdued turnover and limited market breadth continued to underline the liquidity constraints facing the local bourse.The Zimbabwe Stock Exchange (ZSE) All Share Index closed at 479.90 points, while the Top 10 Index advanced 0.28 percent to 484.76 points and the Top 15 added 0.25 percent to 498.06 points.The gains lifted overall market capitalisation marginally to ZWG107.49 billion, from about ZWG107.50 billion...

ZIMBABWE’s foreign currency reserves rose to US$1,7 billion by the end of July, from US$1,6 billion in June, equivalent to 1,7 months of import cover, supported by increased foreign currency inflows and mineral royalties, official figures show.The Reserve Bank of Zimbabwe said in its 2026 mid-term monetary policy released today that the growth in reserves was also supported by royalties paid in-kind from precious minerals and the channelling of 5 percent of the 30 percent export surrender requirement towards...

Zimbabwe’s banking sector remained resilient during the first half of the year, with strong growth in assets, deposits and lending underpinning the sector’s capacity to support economic activity amid prevailing macroeconomic stability.According to the 2026 Mid-Term Monetary Policy Review Statement released by Reserve Bank of Zimbabwe Governor Dr John Mushayavanhu this morning, the banking sector remained safe, sound, profitable and inclusive as at June 30, 2026.“The banking sector remains safe, sound, resilient and inclusive, benefiting from the prevailing stable...