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ActionAid Zimbabwe Warns: New ZiG Currency Is No Substitute for Economic Reform

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ActionAid Zimbabwe remains steadfast in its commitment to the economic well-being of Zimbabweans and has expressed deep concern over the recent announcement of the Zimbabwe Gold (ZiG) currency. While this initiative is presented as a solution to the country’s ongoing economic challenges, ActionAid Zimbabwe believes that what citizens truly need is not another currency, but the restoration of confidence in the economy.

For years, Zimbabwe has struggled with currency instability, cycling through various monetary systems each introduced with promises of economic recovery. However, these promises have repeatedly fallen short, leaving Zimbabweans exposed to economic uncertainty and hardship. The introduction of ZiG risks repeating these past mistakes. Instead of tackling the root causes of economic distress, it offers a short-term fix that fails to inspire trust among citizens and investors alike.

True economic recovery requires comprehensive reforms that address systemic issues such as corruption, mismanagement, and a lack of transparency. ActionAid Zimbabwe urges the government to focus on rebuilding economic trust by fostering a stable investment climate, promoting good governance, and prioritizing the needs of ordinary citizens. Meaningful dialogue with stakeholders across society is essential in developing sustainable solutions that benefit all Zimbabweans.

As a champion of social justice and poverty eradication, ActionAid Zimbabwe remains committed to advocating for the rights and interests of the most vulnerable. The organization will continue to monitor developments surrounding the ZiG currency and ensure that the voices of ordinary Zimbabweans are heard.

Zimbabweans do not need just another currency they need a fundamental shift toward a more inclusive and equitable economy. Only through genuine reform and a commitment to the well-being of all citizens can the nation build a truly prosperous future.

editor
Abel Mavura is a journalist, editor and researcher telling stories where cities, migration and social justice meet. A Cambridge Trust Scholar at the University of Cambridge and Clutton-Brock Awardee, he studies how migration and informal housing shape urban futures. A graduate of Sciences Po Paris, France and a PhD candidate in Global Development, Abel’s work spans academic journals, feature writing and three books. His reporting, rooted in fieldwork and community voices, has appeared from grassroots radio to global stages. Founder of Marvel Act Youth Organisation in Zimbabwe, he has led initiatives reaching over 3,000 young people, earning awards for leadership, gender advocacy and community impact.

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