Zimbabwe

Zimbabwe

GMB Secures Funds for Wheat Farmers' Payments

The Grain Marketing Board (GMB) has secured USD 5 million and ZWG 15 million this week to settle outstanding wheat payments, pushing total disbursements to USD 28 million and ZWG 230 million, accordin

1 day ago
Zimbabwe
Zimbabwe Records Highest Monthly Gold Deliveries in April Since 2021

Zimbabwe’s gold deliveries in April 2025 reached 3.86 tonnes, a robust 38.3% increase from March’s 2.79 tonnes, according to Fidelity Gold Refiners. Small-scale miners led the charge with  2.93 tonne

 May 13, 2025
World
Vast Resources Discovers Additional 6,055 Carats of Diamonds in Marange Parcel

Vast Resources plc, a London-based junior mining company listed on the Alternative Investment Market (AIM), has discovered additional 6,055.35 carats of gem-quality diamonds during the classification

 May 08, 2025
Zimbabwe
Zimbabwe's Fuel Prices Hold Steady Despite Global Oil Price Collapse

Zimbabwe’s fuel prices have remained static for both petrol and diesel in May, according to  energy regulator,  Zimbabwe Energy Regulatory Authority (ZERA). Petrol continues to retail at US$1.53 per

 May 08, 2025
Zimbabwe
Lake Kariba's Water Level Increases to 15%

Lake Kariba is witnessing a steady rise in water levels fuelled by sustained inflows from the Zambezi River, according to the latest hydrological bulletin. This upward trend, though modest has sparke

 May 07, 2025
Zimbabwe
After 3-Month Pause, Zimbabwe Gold Exports Surge to 246.9 Million

Gold export earnings have resumed an upward trajectory in March 2025, climbing to $246.87 million, a 14% increase from February’s $216.86 million, marking the first rise since November 2024 when a rec

 May 07, 2025
Zimbabwe
Zimbabwe Electricity Crisis to Worsen as Hwange Faces Technical Faults

Zimbabwe is bracing for prolonged power cuts this week as several units at the Hwange Thermal Power Station, the country’s largest power plant, are offline, intensifying an already critical electricit

 May 06, 2025
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
EU Reaffirms Duty-Free Trade Access for Zimbabwe

Zimbabwe has been reaffirmed on its  duty-free and quota-free access to the European Union’s 27 member states, a transformative opportunity spotlighted at the 2025 Zimbabwe International Trade Fair (Z

Apr 28, 2025
Zimbabwe Lobbies U.S. to Slash 18% Tariffs on Exports

Zimbabwe’s Finance Minister Mthuli Ncube is leading a critical diplomatic mission in Washington to lobby for a reduction of the Trump administration’s 18% tariffs on Zimbabwean exports to the preferen

Apr 28, 2025
Zimbabwe’s March Imports Top US$809 Million, Offset Gold Gains

Zimbabwe’s trade deficit widened to US$228 million in March 2025, a 4.7% increase from February’s US$217.9 million, as soaring imports overwhelmed modest export growth. Despite new highs in exports o

Apr 25, 2025

Zimbabwe's Inflation Soars in April, Both M-o-M, Year-on-Year: A Comparative Analysis with SADC Neighbours

Zimbabwe’s 2025 April inflation increased both in USD and ZiG terms, with ZiG annual inflation skyrocketing according to the lates data from Zimstat. The Zimbabwe Gold (ZiG) launched in April 2024, r

Apr 25, 2025

Zimbabwe Courts Western Creditors for $2.6 Billion Bridge Financing, But Policy Gaps Stall Progress

Zimbabwe is pursuing $2.6 billion in bridge financing to clear $6.7 billion in arrears, a critical component of its $21 billion public debt, equivalent to 96.6% of its 2023 GDP (World Bank, 2024). Fi

Apr 25, 2025

RBZ Repeal Penalties on Pricing Above Official Rate Under SI 34 of 2025: Analysing ZiG and Exchange Rate Policy Shift

Government has repealed Statutory Instrument 81A of 2024, which penalised businesses for charging goods and services above the official exchange rate set by the Reserve Bank of Zimbabwe (RBZ). This p

Apr 17, 2025

Zim's Mineral Exports Soar, Earnings Plummet 27% in Q1 2025

Zimbabwe’s mining sector has achieved a 16% increase in mineral export volumes in the first quarter of 2025 reaching 1 million metric tonnes compared to 883,301 tonnes in Q1 2024, according to the Min

Apr 16, 2025

Zambia's Solar Bet: Is Off-Grid Viable in SADC?

Zambia’s electrification journey has pivoted sharply toward off-grid solar solutions, driven by necessity and strategic foresight, as droughts have exposed the fragility of its 80% hydropower reliance

Apr 16, 2025

VFEX Achieves Record Turnover in Q1 2025, Driven by Local Investor Confidence

The Victoria Falls Stock Exchange (VFEX) posted a remarkable Q1 2025, driven by local investors who powered a record-breaking turnover of $58.5 million and a historic daily high of $40.1 million on Fe

Apr 15, 2025

Weekly Gold Wrap: Artisanal, Small Scale Miners Record Highest Gold Deliveries in March

Zimbabwe’s gold production in March 2025 achieved a historic milestone, with artisanal and small-scale miners (ASM) recording their highest monthly output ever. The month also marked the highest combi

Apr 14, 2025

ZiG Weekly Commentary: ZiG Plummets 49% Since Launch

Zimbabwe’s Gold-backed currency (ZiG) hit fresh week-on-week lows in April 2025, dropping from 26.78 on April 4 to 26.81 by April 11, extending its record-breaking gradual slide. Since its debut on A

Apr 11, 2025