Sectors

Zimbabwe

ZiG Resumes Cat and Rat Chase: Policy Shift Triggers ZiG Turmoil

The Zimbabwe Gold (ZiG) has entered a volatile phase on the parallel market, shelving the stability the currency enjoyed from the first quarter into April. On the formal market, the ZiG maintained its

May 05, 2025
Zimbabwe
Is Zimbabwe losing the fight against IFFs?

According to the International Journal of World Policy and Development Studies, Zimbabwe lost over US$32.179 billion during the period 2000 to 2020 . The paper by Jeffrey Kurebwa further notes that I

 Mar 19, 2025
Zimbabwe
Mad Money Muse:  Zimbo Economic Circus Rolls On

This week, we’ve got a buffet of absurdity: tax revisions that scream “oops, my bad,” Blessed Geza’s grand return as the wannabe Che Guevara of Harare, Blessing Mhlanga’s jailhouse blues, Chris Mutsv

 Mar 19, 2025
South Africa
Ben Magara Takes the Helm at Exxaro: Steering Towards a Sustainable Future

Magara is a qualified Mining Engineer with over 35 years of experience across Africa's mining landscape. His early career saw him cutting his teeth in Zimbabwe's rich mining sector before making his m

 Mar 14, 2025
World
Elon Musk muddied with Tesla as sales slump & boycotts escalates

As of March 12, 2025, reports indicate that Tesla shares have dropped sharply, with a notable single-day decline of over 13% on March 10, wiping out more than $700 billion in market value from its mid

 Mar 12, 2025
Companies
Dokwe Gold Project Sees 9% Increase in Gold Inventory

UK-based miner Ariana Resources, a company that focuses on exploring and developing mineral resources, particularly gold , has reported a 9% increase in gold inventory at the Dokwe Gold Project in Zim

 Mar 10, 2025
Companies
Zimplats’s Production Plummets ,but Firm Prices Boost Profitability

Zimbabwe's largest corporate entity, Zimbabwe Platinum (Zimplats), a subsidiary of Impala Platinum, has reported a 15% decrease in 6E (platinum group metals) production, amounting to 279,890 ounces fo

 Feb 27, 2025
FBC Unveils Premium Mastercard with Exclusive Perks, Connects Zimbabwe to Global Markets

Zimbabwe’s titan bank, FBC Holdings, has launched a new family of FBC Premium Mastercard products yesterday at the Hyatt Regency Hotel in Harare. It is linked to both USD and Zimbabwe Gold (ZWG), an

Feb 26, 2025
Implats Production Dips 4%, Earnings Forecast Reduced

mpala Platinum Holdings (Implats) Limited, a leading South African  platinum group metals (PGM) producer, has recorded a 4% decline to 1.82 million 6E ounces for the half year to full year 2025 ended

Feb 11, 2025
Zimplats Mining Volumes Decline 7% Amid Power Outages and Machinery Issues

Zimbabwe's largest corporate entity, Zimbabwe Platinum (Zimplats), has recorded a 7%  decline in mined volumes in the half year to full year 2025 from 1 915 000 tonnes in 2023 according to the group’s

Feb 06, 2025
Tobacco Exports Reach All Time High of US$1.3 Billion in 2024

Zimbabwe's tobacco export earnings reached an unprecedented $1.3 billion in 2024, marking the second consecutive year the industry has surpassed the $1 billion milestone. This achievement builds on t

Jan 30, 2025

Trade Deficit Surges Over Threefold to $196.9 Million

Zimbabwe's trade deficit has surged significantly to US$196 million, representing a 318.2% increase from $46.9 million in November 2024, which was the lowest deficit since November 2021. Gold exports

Jan 29, 2025

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

28 Zimbabwe-Linked Gold Mafia Members Placed on U.S. Sanctions

The United States and United Kingdom have imposed stringent sanctions on individuals implicated in gold smuggling and money laundering operation based in Zimbabwe, effective December 9, 2024.

Dec 10, 2024

Mining Sector Sees 9% Average Growth, but Energy Deficit Deepens

The mining industry have seen a significant growth with an average of 9% per annum, mainly spared by lithium sector projects and production of iron and steel. According to GlobalData, Zimbabwe is the

Nov 22, 2024

Sweetened Opportunities: African Sugar Producers Gear Up Amid Global Supply Shortage

According to Statista, India leads global sugar consumption, followed closely by the European Union and China. By 2024/2025, global sugar consumption is projected to reach 182 million metric tons. Bra

Oct 30, 2024

Zimbabwe's Chrome Sector Poised for Growth Amidst Global Demand

In 2023, global chrome ore production increased by 4% year-on-year, driven by demand from Chinese smelters. Despite a slight dip in the first quarter, chrome prices are gaining momentum this year.

Aug 14, 2024

Zimbabwe to Face Increased Electricity Shortages

Water levels at the Kariba Dam have dropped significantly, with the usable live storage for power generation declining from 29.05% in 2023 to just 10.35% Electricity demand from the mining sector alo

Aug 09, 2024

Fuel Prices Rise in Zimbabwe Despite Global Decline

Fuel prices have gone up, with petrol increasing from US$1.59 to US$1.60 per liter and diesel rising from US$1.62 to US$1.63 per liter   Historically, gasoline prices have averaged US$1.45 per liter

Aug 09, 2024