Story by Stanley James, Business Editor
The Reserve Bank of Zimbabwe (RBZ) has embarked on a project to introduce new world class standard ZiG notes by the 3rd quarter of this year.
RBZ governor, Dr John Mushayavanhu told bank executives during the 2025 monetary policy presentation that the move is in response to concerns from the public about the durability of the ZiG.
“The need to come up with a durable currency is of greater importance. Therefore, we have devised a strategy to ensure that the current ZiG notes are replaced by world class notes and such an initiative will also go a long way in addressing the needs of the nation at a time when the public has been sending an outcry that the current notes get easily torn and cannot be durable,” he said.
The RBZ chief highlighted the importance of the corporate world to present their audited financial results such as cash flow, income and finance statements using the ZiG.
“All corporates in any part of the economy embrace their local currency when compiling their financials. So it is imperative for the corporate world to embrace the local currency which is therefore vital in terms of forward planning and providing a clear picture of the overall roadmap for the nation and boosting confidence in the local currency,” said Dr Mushayavanhu.
The central bank has reaffirmed commitment to stability and overall growth by focusing on measures to boost foreign currency inflows, reward bank depositors, increase savings and preserve the value of the local currency.
Info News
Best Commercial Real Estate Loans for Office Buildings
Commercial real estate financing remains highly competitive in 2026.
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Office building investors continue searching for the best commercial real estate loans to improve cash flow and support acquisitions.
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What Lenders Evaluate
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Commercial lenders usually review:
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rn - Property occupancy rates
rn - Rental income
rn - Debt-service coverage ratios
rn - Borrower experience
rn - Market conditions
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Large commercial loans require extensive underwriting.
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Why Interest Rates Matter So Much
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Even small rate differences can impact profitability dramatically over time.
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That’s why experienced investors compare financing structures carefully.
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Final Takeaway
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The best commercial real estate loans balance flexibility, competitive rates, and long-term investment goals.
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Mortgage Refinance Rates and Home Loan Savings
Mortgage Refinance Rates: When to Refinance
Homeowners often consider refinancing when mortgage refinance rates are lower than their current rate. Refinancing replaces your existing mortgage with a new loan.
A refinance may help lower monthly payments, reduce interest costs, change loan terms, or access home equity.
Types of Mortgage Refinance
A rate-and-term refinance changes the interest rate or loan length. A cash out refinance allows homeowners to borrow against home equity and receive cash at closing.
Cash out refinancing can be useful for home improvements or debt consolidation, but it increases the loan balance.
Costs to Compare
Refinancing includes closing costs such as lender fees, appraisal fees, title fees, and recording fees. Homeowners should calculate the break-even point before refinancing.
Conclusion
Mortgage refinance rates can create savings, but refinancing only makes sense when the long-term benefit is greater than the cost.
