Bitumen World, one of Zimbabwe’s largest construction contractors, has announced job cuts due to severe cash flow pressures stemming from delayed government payments. In a statement, the company said
Aug 22, 2025
Throughout history, the world has typically adopted the currency of the dominant economic and geopolitical power for global payments. This leading nation often provided “global public goods,” such as
Aug 25, 2025
In the week to 25 August 2025, the Zimbabwe Gold (ZiG) exhibited remarkable stability, experiencing a marginal depreciation of 0.02%, moving from an exchange rate of 26.7683 on August 19, 2025, to 26.
The Reserve Bank of Zimbabwe (RBZ) is redesigning its Zimbabwe Gold (ZiG) banknotes to improve their quality, durability, and security features, as part of its broader de-dollarisation strategy aiming
Aug 26, 2025
Zimbabwe’s inflation, measured in both ZiG (Zimbabwe Gold) and US dollar terms, experienced a significant decline in August 2025, signaling improved macroeconomic stability. According to Zimstat, an
Aug 31, 2025
Zimbabwe has achieved a historic milestone by recording its lowest trade deficit ever in July 2025, with the deficit plummeting by 94.5% to USD 8.7 million from USD 158.6 million in June 2025. This pe
Sep 03, 2025
The Zimbabwe Revenue Authority (ZIMRA) has introduced a stringent enforcement mechanism for revised presumptive tax rates targeting the public transport sector, including commuter omnibuses known as k
1 day ago
ZECO Holdings Limited, the investment vehicle controlled by flamboyant businessman and property magnate Philip Chiyangwa, has posted a surprise profit for the first half of 2025, marking a rare break
The government has introduced significant reforms to ease the regulatory and financial burdens on the agricultural sector, particularly in livestock, dairy, and stockfeed industries. The Ministry of
Rainbow Tourism Group Limited (RTG), the second-largest hotelier group in Zimbabwe has seen a 15% uptick in revenue during the first half of 2025, entering the second half on higher-note. The increas
Zimbabwe had projected a GDP growth of 6% in 2025, the Southern Africa region’s fastest and a record high in recent years. The growth was largely premised on a rebound in Agriculture anchored on maize
Zimbabwe has secured a significant opportunity to export blueberries to China following the signing of a phytosanitary protocol during President Emmerson Mnangagwa’s recent visit to China, according t
Zimbabwe’s fuel prices have seen a minor adjustment, with petrol prices dropping by one cent from $1.56 in August to $1.55 in September, while diesel prices have remained unchanged at $1.55, according
Gold experienced a robust rally at the end of August, reaching US$3,429 per ounce, a 4% increase for the month, bringing its year-to-date gain to an impressive 31%. Despite a weaker US dollar, gold a
