As November 2024 unfolds, Zimbabwe faces alarming news regarding the dwindling water levels at Kariba Dam, a critical resource for the nation's energy supply. The lake level has dropped to 476.14 m,

The Reserve Bank of Zimbabwe (RBZ) has increased transaction limits for Zimbabwe Gold (ZWG) as per its latest circular. This adjustment follows a significant 43% devaluation of the ZWG in the week to

Largest food producer, National Foods (Nat Foods) Limited, is contemplating a delisting from the Victoria Falls Stock Exchange (VFEX), according to the latest circular from the group. Nat Foods was

Zimbabwe’s largest corporate, Zimbabwe Platinum (Zimplats), has defied the poor global metal prices that have shocked the company’s profitability, primarily due to a decline in PGMs global metal pric

RioZim, formerly a leading gold producer, has reported a dismal half-year performance for the period ending June 30, 2024, characterized by declines in both production and earnings. This underwhelming

Tanganda Tea Company Limited is aiming to list on the US dollar-denominated Victoria Falls Stock Exchange (VFEX) while raising US$7.7 million through a renounceable rights offer. This move is outlined

Zimbabwe's September trade deficit widened by 4.2% to US$207.6 million from US$199.1 million in August, according to the latest trade data released by Zimstat. This increase resulted from a substantia

Zimbabwe’s month-on-month inflation has entered the double digit for the first time in ZiG’s history since its introduction in April 2024 according to the latest data released by the nation’s statisti

Gold exports in September 2024 surged to 40.2%, up from 37.9% in August and 34.2% in July while tobacco exports, partly or wholly stemmed, followed closely at 19.3%, marking a notable growth from 13%

From 26.65 last week, the Zimbabwe Gold (ZiG) has further depreciated to 27.44 on a week-on-week basis, according to the latest data released by the Central Bank. Since its devaluation of 43% in a sin

The Zimbabwe Investment and Development Agency (ZIDA) has issued 168 new licenses in the third quarter of 2024, with a projected value of US$1.171 billion. This is undoubtedly a promising sign for Zi

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

RioZim, once a leading gold producer, has reported disappointing financial results for the half-year ending June 2024, despite gold prices reaching record levels. The price of gold surged by $670.73 p

Tigere Property Fund has made a strategic move to bolster its performance in the fourth quarter of the 2024 financial year with the acquisition of Highland Park Phase 2. This addition is expected to

Zimbabwe's local currency, the Zimbabwean Gold (ZiG), traded at 26.8596 on the 18th of October, down from ZiG26.0692 traded last week Friday against the US dollar. This continues its downward spiral,

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

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

Grid Africa, a leading renewable energy developer and independent power producer (IPP), has secured a significant equity investment of R50 million from Rifuwo Energy Partners. This funding will accele

Caledonia Mining Corporation's gold output for the third quarter to September 2024 showed a slight decline from the record-breaking production achieved in the same period last year according to the gr

Meikles Limited has appointed Mathew John Moxon as its Acting Chief Executive Officer, effective October 4, 2024. This change follows the departure of Malcolm Mycroft, who vacated the CEO position on