ZB Financial Holdings (ZBFH) has called for a phased and carefully managed approach toward Zimbabwe’s goal of adopting a mono-currency system by 2030, warning that rushing the process could undermine economic stability.

The group’s strategy executive, Trymore Muhlanga, made the remarks this week as the financial institution prepares to roll out its 2026–2030 mid-term strategy, which aligns with government’s broader vision of consolidating the Zimbabwe Gold (ZiG) as the country’s sole legal tender by the end of the decade.

Muhlanga said the government’s currency transition must be supported by consistent policy measures and gradual market adaptation.

“As a group, we are fully supportive of government initiatives,” he said. “What the central bank will likely do between now and 2030 is to steadily increase the use of our domestic currency. At the moment, around 90% of transactions are conducted in United States dollars or other foreign currencies, so it’s important to rebalance that gradually.”

He explained that the process should involve a step-by-step reversal of the current foreign currency dominance, moving from a 90/10 ratio in favour of the US dollar to 70/30, then 50/50, before eventually transitioning to full use of the ZiG.

“If we don’t manage that transition properly, we may not achieve the level of success that the economy desires,” he cautioned.

Muhlanga’s remarks come as the authorities press ahead with the controversial plan to scrap the multi-currency system by 2030, a move that has drawn mixed reactions from the business sector and the general public amid concerns over currency confidence and inflation stability.

Meanwhile, ZB Bank’s SSCI certification — officially recognised during the Global Sustainable Finance Conference held on September 25, 2025, in Germany — was hailed as a major milestone for the group.

Reserve Bank of Zimbabwe (RBZ) deputy governor Jesimen Chipika commended the institution for integrating sustainability into its corporate operations.

“Allow me to extend my heartfelt congratulations to ZB Bank on attaining this comprehensive sustainability certification,” Chipika said. “This achievement is a testament to the institution’s resolve and commitment to embed holistic sustainability principles across all aspects of its operations.”

The certification aligns with ZB Bank’s long-term goal of embedding environmental, social, and governance (ESG) standards into its strategy, reinforcing its position as one of Zimbabwe’s leading financial institutions championing sustainable growth.

Transport and Infrastructural Development Minister, Hon. Advocate Felix Tapiwa Mhona has officially inaugurated the 2025 edition of the Africa Infrastructure and Construction Conference (AfriConfex) at the Zimbabwe International Trade Fair (ZITF) Hall 3 in Bulawayo.

Running under the theme “Smart Moves: Powering Zimbabwe’s Infrastructure Evolution,” this year’s AfriConfex has drawn participants from across Africa’s transport, construction, and engineering sectors, all focused on shaping the continent’s next phase of infrastructural growth.

In his keynote address, Minister Mhona outlined a visionary roadmap for Zimbabwe’s infrastructure transformation, anchored on three critical pillars championing digitalization, embedding sustainability, and fostering strategic partnerships.

“Our goal is to build infrastructure that is both foundational and futuristic infrastructure that drives economic growth while embracing sustainability and smart technology,” Hon. Mhona said.

He further emphasized the strategic importance of leveraging Zimbabwe’s central geographical position as a gateway to regional trade, noting that government efforts to modernize key road networks and border posts are central to this vision.

“Through our ongoing investments in road upgrades and the modernization of border facilities, we are positioning Zimbabwe as a competitive and efficient hub for trade and transport across Southern Africa,” he added.

The conference attracted senior government officials and industry leaders, including Eng. D. Jana, Chief Director of Roads, and Mr. G. Mashababe, Director General of the Civil Aviation Authority of Zimbabwe (CAAZ).

AfriConfex 2025 is expected to facilitate dialogue between public and private stakeholders, foster investment partnerships, and promote innovation in infrastructure planning, construction, and maintenance.

The City of Kings and Queens has once again become the focal point of Zimbabwe’s infrastructure and mining discussions, as the Mine Entra 2025 Exhibition and AfriConfex Conference opened on Wednesday at the Zimbabwe International Exhibition Centre in Bulawayo.

Proceedings began with the AfriConfex Conference, which set the pace for the week under the theme “Integrated, Climate-Resilient, and Sustainable Infrastructure Development.”

The event, led by Transport and Infrastructural Development Minister Felix Mhona, has drawn together policy makers, engineers, financiers, and investors to deliberate on opportunities for green infrastructure and regional connectivity.

After touring several exhibition stands, Minister Mhona highlighted the central role of modern infrastructure in driving economic growth, emphasizing that the Second Republic remains committed to developing climate-resilient transport systems to enhance trade and industrialisation.

The collaboration between Mine Entra and AfriConfex underscores the strong link between mining and infrastructure as the backbone of Zimbabwe’s development agenda, in line with the national vision of value addition and sustainable industrialisation.

Later in the day, attention turned to business networking as Mine Entra hosted its Buyers Programme Speed Networking Session, which facilitates direct engagement between major mining companies—such as Zimasco, Unki Mine, Hwange Colliery Company, and Blanket Mine—and suppliers across the mining supply chain.

According to the ZITF Company, the session aims to boost local procurement, attract investment partnerships, and create new opportunities for small and medium enterprises within the mining ecosystem.

This year’s Mine Entra and AfriConfex editions highlight Zimbabwe’s growing focus on sustainable infrastructure as a foundation for economic transformation and stronger regional integration.

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