Archive — 2026-09-05

14 stories Ikka considered most significant on this day. Tap the on any story to read its summary and sources.

Politics Ambassador Death

European Union Ambassador to Zimbabwe Katrin Hagemann has died suddenly at the age of 53, months after taking up her diplomatic posting in Harare. According to iHarare, Hagemann reportedly became unwell after breakfast at her residence before she was found unresponsive on Thursday morning. The cause of death has not been officially released.

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Economy Currency Warning

The World Bank has cautioned Zimbabwe against rushing to end the use of the US dollar in the economy, warning it could trigger capital flight. Zimbabwe has set 2030 as the deadline to phase out the dollar and make the bullion-backed ZiG its sole currency. The warning was reported by Bloomberg and published by NewZimbabwe.com.

9
Economy Dollar Dominance

Research firm IH Securities reports that Zimbabwe's tight ZiG supply is constraining consumers' purchasing power and reinforcing the dominance of the US dollar in transactions. The central bank's high interest rates and tight monetary policies have caused a severe cash shortage, suppressing local spending, according to The Financial Gazette.

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Economy Tax Offset

Zimplats has reported significant progress in resolving delayed payments from the Zimbabwean government after reaching a deal to use part of the money owed to settle taxes and other obligations. The mining company said the arrangement marks a step forward in resolving a long-standing payment dispute, as reported by The Financial Gazette.

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Politics Teacher Welfare

Zimbabwe's teachers, through the Education Coalition of Zimbabwe (ECOZI), have partnered with the Parliamentary Portfolio Committee on Primary and Secondary Education to address dire working conditions. The partnership, announced on 2 September 2026, aims to give teachers a platform to articulate their grievances to legislators, according to NewZimbabwe.com.

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Economy Profit Surge

SuccessBank's profit after tax surged 542 percent to ZiG 41.99 million in the six months to June 30, 2026, supported by growth in core banking activities and a diversified revenue base. Fees and commissions income jumped 75 percent to ZiG 55 million, as reported by The Financial Gazette.

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Economy Pre-Sales Strategy

Mashonaland Holdings is banking on the planned commencement of pre-sales for its development projects to unlock value and support future growth. The pre-sales strategy aims to generate upfront cash to fund construction and reduce reliance on external financing amid funding constraints, as reported by The Financial Gazette.

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Economy Sales Growth

Starafrica Corporation is targeting a 39 percent increase in sales volumes to 83,000 tonnes for the year ending March 31, 2027, supported by improved pricing and penetration into informal markets. The target compares with 59,596 tonnes sold in the prior year, according to The Financial Gazette.

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Economy Profit Rise

Nedbank Zimbabwe reported a 19 percent rise in half-year profit after tax to ZiG 113.2 million, underpinned by balance sheet growth, diversified revenue, and tighter cost management. The result compares with ZiG 95.2 million in the same period last year, as reported by The Financial Gazette.

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