Business leaders across Zimbabwe worry about their unstable currency called ZiG. The money lost 43 percent of its value during September 2024. Companies cannot plan ahead when money changes value quickly. Leaders met at a conference in Victoria Falls to discuss the problem. They want government officials to create a currency that stays steady.
Christopher Mugaga runs the Zimbabwe National Chamber of Commerce. He told conference members that businesses need reliable money to grow. The ZiG started in April 2024 and has gold backing it up. Many people still prefer foreign money because ZiG keeps changing value. Prices for goods keep rising across the country.
Inflation reached 92.1 percent in May 2025 compared to 85.7 percent in April. Economists say businesses cannot make smart choices when money loses value fast. Companies struggle to set prices and pay workers fairly. Supply chains break down when currency values jump around daily. Production becomes very risky for manufacturers.
Zimbabwe owes other countries $21.2 billion according to international reports. The debt equals 96.6 percent of everything the country produces each year. The International Monetary Fund wants Zimbabwe to fix its spending problems. High debt makes it hard for Zimbabwe to borrow money from banks around the world.
Tapiwa Karoro leads the chamber of commerce group. He believes Zimbabwe needs major changes to fix its economy. Business owners face high taxes and confusing rules from government agencies. Companies want leaders to make clear policies that help businesses succeed rather than fail.
Christopher Mugaga runs the Zimbabwe National Chamber of Commerce. He told conference members that businesses need reliable money to grow. The ZiG started in April 2024 and has gold backing it up. Many people still prefer foreign money because ZiG keeps changing value. Prices for goods keep rising across the country.
Inflation reached 92.1 percent in May 2025 compared to 85.7 percent in April. Economists say businesses cannot make smart choices when money loses value fast. Companies struggle to set prices and pay workers fairly. Supply chains break down when currency values jump around daily. Production becomes very risky for manufacturers.
Zimbabwe owes other countries $21.2 billion according to international reports. The debt equals 96.6 percent of everything the country produces each year. The International Monetary Fund wants Zimbabwe to fix its spending problems. High debt makes it hard for Zimbabwe to borrow money from banks around the world.
Tapiwa Karoro leads the chamber of commerce group. He believes Zimbabwe needs major changes to fix its economy. Business owners face high taxes and confusing rules from government agencies. Companies want leaders to make clear policies that help businesses succeed rather than fail.
