CBZ Holdings, Zimbabwe's leading financial institution by deposit base and asset portfolio, has initiated a workforce optimisation strategy, resulting in the retrenchment of 347 employees. This decis

he Reserve Bank of Zimbabwe (RBZ) has introduced a transformative policy aimed at formalizing the informal trading sector and promoting digital transactions. Effective immediately, local authorities

The Horticulture Development Council (HDC) has strongly criticized the Reserve Bank of Zimbabwe’s (RBZ) recent decision to reduce export retention thresholds from 75% to 70%, as outlined in its Moneta

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

In 2025, gold's outlook is projected to remain strong due to continued central bank accumulation, robust demand from gold ETF investors, and increasing geopolitical uncertainties. Central banks are e

Global gold demand reached unprecedented levels in 2024, with total demand (including over-the-counter investment) rising by 1% year-on-year in the fourth quarter to achieve a new quarterly high.  Thi

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

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

Ariston Holdings, a Zimbabwean agribusiness, has strategically reoriented its revenue focus from export markets to domestic sales in response to rising operational costs and restrictive export policie

he European Investment Bank (EIB Global), in partnership with Stanbic Bank Zimbabwe, has unveiled a €20 million ($21 million) credit facility aimed at bolstering Zimbabwean small and medium enterprise

Gold breached the critical $3 000 per ounce resistance level on 14 March 2025 as investors flocked to the safe - haven asset amid escalating trade hostilities and geopolitical volatility.  Spot price

The Zimbabwe Gold (ZiG) has faced persistent bearish pressure against the US dollar (USD), settling at an exchange rate of 26.7069 as of March 21, 2025, marginally weaker than its 26.7116 close on Jan

The Zimbabwe Gold (ZiG) has depreciated against the United States Dollar (USD), recording an exchange rate of 26.7279 on 25 March 2025, extending a loss-making streak observed since the commencement o

he central banking authority, Reserve Bank of Zimbabwe has held interest rate firm at 35% as it continues its gamble to fight inflation head-on. In its latest Monetary Policy Statement (MPS) followin

The World Bank’s recent report, Accelerating Access to Clean Air on a Liveable Planet, released on March 27, 2025, presents an ambitious yet attainable goal: halving the number of people exposed to d

The Zimbabwe Gold (ZiG) persists in its slow decline, with March’s gradual erosion spilling into April 2025. The ZiG closed at 26.77 on 31st of March 2025 from 26.72 in the previous week against the

ZB Bank Limited, the flagship of ZB Financial Holdings (ZBFH), saw income from lending activities net of recoveries climb 27% to ZWG370 million in 2024 from ZWG292 million in 2023, despite sluggish lo

CBZ Holdings, a diversified blue-chip company listed on the Zimbabwe Stock Exchange, has reported a 14% increase in net interest income, reaching ZWG1.39 billion for the full year ended 31 December 20

Gold remained a key asset for central banks in February 2025, with a reported 24 tonnes of net purchases marking another month of robust activity in the global gold market. Leading the charge was the

NMB Bank Zimbabwe has leveraged foreign lines of credit to fuel its growth in 2024, a critical strategy in a nation where Western sanctions limit traditional financing. The bank raised over USD 65 mil