Business Reporter
THE Reserve Bank of Zimbabwe (RBZ) has committed to sustain exchange rate stability in escalated efforts to bolster investment and economic growth.
Addressing delegates at the Zimbabwe Impact Investment Dialogue held on the sidelines of the Zimbabwe International Trade Fair (ZITF) this week , RBZ Deputy Governor, Dr Innocent Matshe reaffirmed the commitment to drive investment through sustained stability.
“We know that exchange rate uncertainty and capital account restrictions have historically been among the most cited barriers to foreign investment in Zimbabwe. These concerns are legitimate, and we are working systematically and deliberately to address them,” said Dr Matshe.
He said ongoing reforms to improve exchange rate stability, enhance transparency in foreign currency allocation and ensure predictable repatriation frameworks are critical to strengthening Zimbabwe’s investment case.
Beyond foreign capital, Dr Matshe highlighted the untapped potential of domestic savings, particularly within pension funds and insurance companies, to drive long-term investment.
In this regard, the RBZ is working jointly with the Insurance and Pensions Commission (Ipec) to review investment guidelines to allow greater participation in infrastructure, private equity and other SDG-aligned projects.
“Mobilising even a modest fraction of domestic pension assets towards impact investment would be transformative, and it would reduce Zimbabwe’s dependence on external capital flows, which are always subject to global risk appetite and geopolitical conditions,” said Dr Matshe.
He also revealed that the RBZ is developing a Zimbabwe-specific sustainable finance taxonomy in collaboration with regional and international partners. The framework will guide investors and financial institutions in identifying environmentally sustainable and development-aligned investments.
He said the central bank is also refining the regulatory treatment of blended finance instruments, including first-loss capital structures and guarantees from development finance institutions, to catalyse co-investment.
Ultimately, Dr Matshe said achieving Vision 2030 will require a significant shift in both the scale and quality of investment.
“The Reserve Bank of Zimbabwe is committed to being a constructive, forward-looking partner in building the financial conditions that make this vision achievable,” added Matshe.
