World

World

Global Inflation Projections Diminish: IMF Revises Economic Growth Upwards, Sees Global Rates Falling in 2025

The International Monetary Fund (IMF) has revised its global economic growth forecast upward to 3.3% for 2025, driven primarily by an upward revision in the US economy, which offset downgrades in othe

17 hours ago
World
Mining in Age of IT: Africa’s Wake-Up Call

The mining sector has become a cornerstone of numerous African economies, particularly as the continent, despite being the poorest globally, possesses vast untapped resources. Africa contributes less

 Jan 16, 2025
World
Drought Threatens Regional Power Supply: What Lake Cahora Bassa's Water Level Erosion Means for Zimbabwe

Zimbabwe's struggles with power challenges have extended beyond its borders, affecting one of its key electricity import sources. The Cahora Bassa dam in Mozambique's Tete province has reached a crit

 Dec 17, 2024
World
Platinum's Q3 Update: Deficit Persists, Extends into 2025 as Prices Continue to Slide

The global platinum supply experienced a 7% year-over-year (YoY) increase to 1,479 koz in Q3 2024, primarily driven by augmented stock releases in South Africa. This uptick in supply was a welcome dev

 Nov 27, 2024
World
Age of Bullion: Gold Prices Reach Historic Highs

Gold prices have continued their upward trajectory, reaching a new record high of US$2,750 per ounce on October 23, 2024. This surge is driven by gold's status as a safe-haven asset amid escalating ge

 Oct 23, 2024
World
Global Public Debt to Exceed $100 Trillion by Year-End

The world is facing a daunting public debt crisis, with global debt projected to exceed US$100 trillion, or 93% of global GDP, by the end of this year according to the latest data by the International

 Oct 16, 2024
World
Sudan's War Drags Africa Down: World Bank Cuts Growth Forecast to 3%

Sub-Saharan Africa's economic growth forecast has been revised downwards to 3% for 2024, primarily due to the devastating impact of Sudan's civil war on the region's economy. This represents a 0.4% d

 Oct 16, 2024
Bikita Minerals Scales Back Operations: Wake-Up Call for Government to Rethink Lithium Policies

Bikita Minerals has made the strategic decision to reduce its contractor base as it scales back output in response to challenging lithium market conditions. The DMS plant is set to be shut down in Oct

Oct 08, 2024
Zimbabwe Ranked Worst Investment Country in Africa

South Africa's Rand Merchant Bank conducted research on 31 African countries, producing a ranking chart for the best and worst places for investment among these nations. President Mnangagwa, upon ass

Sep 16, 2024
Lithium Market Turmoil: Zimbabwe's White Gold Rush

Lithium carbonate prices have plummeted to CNY 75,000 per tonne equivalent to US%10.5k , marking the lowest level in over three years amid increasing fears of oversupply. Miners are ramping up product

Sep 03, 2024
Zambia to Have Electricity 3 Hours per Day

Zambia is grappling with critical power shortages, as citizens are set to receive electricity for only 3 hours per day on a rotational basis. This drastic reduction follows a significant drop in wate

Sep 02, 2024

Global Gold Prices Set A New Record High

International gold prices have risen to US$2 473 per ounce on the 16th of July 2024, setting a new record high for the bullion price. Previously, a record high was observed on 20 May 2024 when the pr

Jul 17, 2024

$80 Million Partnership: Unpacking CBZ, Afreximbank’s Landmark Financing Agreement

BZ Bank and African Export Import Bank (Afreximbank) have signed two financing facilities worth a total of US$80 million to support Zimbabwean exporters. The first facility is a US$60 million line of

Jun 17, 2024

Golden Gains: Evolving Landscape of Global Gold Production, Prices

Global gold prices have started the week on a firmer note, stabilizing around $2,305 per ounce yesterday, following a 3.5% drop on Friday - the largest daily decline since November 2020. Investor sen

Jun 11, 2024

Lithium's Wild Ride: Zimbabwe Lithium Ambitions Disrupted by Volatile Global Markets

As the world grapples with geo-economic fragmentation due to the Middle East's crisis and the Russia-Ukraine War, the future of lithium remains uncertain. Despite the global push for a carbon-free eco

May 29, 2024

Zimbabwe's Hunger SOS: UN Unveils Funding Lifeline for Starving Millions

he United Nations has launched a humanitarian appeal for US$429 million to address the severe hunger crisis affecting an estimated 7 million Zimbabweans, approximately half of the country's population

May 09, 2024

Gold Price Drops as Stable US$ Dulls Appeal, Zim to Leverage Gold Reserves for Growth

The price of gold dropped below US$2,330 per ounce today attributed to a stable US dollar, which made gold less attractive to international buyers as investors were eagerly awaiting the Federal Reserv

Apr 29, 2024

Nigeria's Annual Inflation Rate Soars to 33.2%, Highest Since 1996

Nigeria, the largest economy in Africa, experienced a significant increase in its annual inflation rate, reaching 33.2%, the highest since March 1996, compared to 31.7% in the previous month. Througho

Apr 29, 2024

The Sinking Ship : CFI Holdings' Fight Against Equity Erosion

CFI Holdings experienced a staggering 245.7% surge in revenue to ZWL 201.99 billion The company grappled with expense management challenges ultimately reporting a loss of ZWL 92.73 billion Negative

Jan 12, 2024