Zimbabwe

Zimbabwe

ZiG Weekly Review: ZiG Hits 48-Day Low on Formal Market Amid Fiscal Recalibration

The Zimbabwe Gold (ZiG) registered a 48-day low on March 10, 2025, trading at 26.6486 against the USD, marginally above its January 22 nadir of 26.7116. While the 0.2% week-on-week depreciation appea

Mar 11, 2025
Zimbabwe
Zimbabwe to Host Historic EU Business Forum for the First Time

The European Union (EU) is set to host a business forum in Zimbabwe from 20 to 22 May 2025, focusing on key sectors driving Zimbabwe’s economic growth, including agriculture, renewable energy, and min

 Mar 10, 2025
World
Gold Weekly Commentary: Zimbabwe's Mining Industry Hits New High

Zimbabwe has recorded its highest gold output in two months, marking a new record high as the country progresses toward its year-end production target. After achieving a record 36.48 tonnes in 2024, Z

 Mar 10, 2025
Zimbabwe
Zimbabwe's Gold Production Decline in February: Sectoral Challenges, Rainfall Impacts

Zimbabwe's gold deliveries declined by 17.7% month-on-month in February 2024, falling to 2.56 tonnes from 3.1 tonnes in January. This marks the lowest monthly output in over six months since June 2024

 Mar 06, 2025
Zimbabwe
ZERA Decreases Diesel Prices, Petrol Prices Rise

The Zimbabwe Energy Regulatory Authority (ZERA) has decreased diesel prices for March, effective 4 March 2025, from February's prices in US dollar terms. Diesel prices went down by 3% from US$1.58 in

 Mar 05, 2025
Zimbabwe
Tobacco Marketing Season Kicks Off Today: Essential Insights

Zimbabwe's tobacco marketing season commences today, with the agricultural sector projecting a yield of 300 million kilograms of premium flue-cured leaf  in 2025. Under the nation's dual-currency set

 Mar 05, 2025
Zimbabwe
Kariba Electricity Generation Almost Triples as Water Levels Rise

The electricity generation at the Kariba Hydroelectric Power Plant has more than tripled on the 4th of March to 485 megawatts (MW) , marking a nine-month record high since June 2024. This has increas

 Mar 04, 2025
Electoral Integrity in SADC: A Review of Recent Polls and Challenges Ahead

Africa's electoral landscape has been historically beset by undue influences and authoritarian tendencies, compromising the legitimacy of democratic processes. This has resulted in the continent's per

Mar 03, 2025
Power Crisis Deepens as Hwange’s Maintenance Cuts 450MW From Grid

Zimbabwe, as the nation braces for widespread power outages as two vital units at Hwange Power Station are set for Class B maintenance and statutory maintenance between March and May. This follows th

Mar 03, 2025
Meikles Slides into Loss: Can the Retail Titan Recover?

Zimbabwe’s second largest retailer, Meikles Limited with stores trading as TM Pick n Pay in both US dollar terms and local currency terms as the sector continues facing unsatiable competition from the

Feb 28, 2025
Zimbabwe's Inflation Cools in February for Both USD, ZiG: Regional Comparison and Analysis

Zimbabwe’s inflation landscape brightened in February 2025, with month-on-month rates for both its gold-backed ZiG currency and the U.S. dollar plummeting to their lowest levels in months, according t

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

The Fall of Zimbabwe's Cotton Empire: What Went Wrong

Zimbabwe's cotton output has fallen by a staggering 96% in just 13 years, according to the latest data from the Confederation of Zimbabwe Industries (CZI). Output plummeted from 360,000 metric tonnes

Feb 26, 2025

Zimbabwe Launches $3.6 Billion Industrial Park Project

The ground breaking ceremony  of the Palm River Energy Metallurgical, a US$3.6 billion project, has been officially launched yesterday by President Emmerson Mnangagwa at the energy industrial park are

Feb 25, 2025

ZiG Weekly Review: Records 3% YTD Decline, Battle for Long-Term Stability Continues

The Zimbabwe Gold (ZiG), the nation’s fourth currency initiative in nearly a decade, has experienced marginal year-to-date (YTD) depreciation of 3%, declining from ZiG25.795 on January 1, 2025, to ZiG

Feb 24, 2025

Zimbabwe's Macadamia Exports Rake in US$8 Million in 2024

Zimbabwe's macadamia nut industry has experienced growth, with exports surging by 53% from 5.24 million kilograms in 2023 to 8.02 million kilograms in 2024. This increase in export volume has generat

Feb 19, 2025

Zimbabwe Ranks Highest Corrupt Country in SADC for 2024, Among Top 10 in Africa

Zimbabwe has come out as the worst corrupt country in SADC in 2024, according to the latest data from Transparency International coming only ahead of a war-torn DRC. It was also the worst performance

Feb 18, 2025

Zimbabwe Produces Highest Daily Electricity in over 6 Months

Zimbabwe has seen a significant increase in daily electricity generation, with the national grid producing 1,395 megawatts (MW) today, its highest output in over six months according to Zimbabwe Power

Feb 17, 2025

ZiG Weekly Review: ZiG Maintains Steady Course with Slight Declines Under 1%

The Zimbabwe Gold (ZiG) has exhibited a consistent downward trajectory, recording a decline for three consecutive weeks, settling at 26.4565 during the week ended 14 February 2024. However, these are

Feb 17, 2025