Search results for 'Economic Crisis'
Zimbabwe
John's Curse 2:ZiG Drops to ZiG26, PMR Hits 40, Gold-Backed No More?

Zimbabwe's local currency, Zimbabwe Gold (ZiG), has taken a worrying plunge to ZiG26.0692 against the US dollar, continuing its downward spiral. Last week, it traded at ZiG25.3578 on October 4, 2024,

Oct 10, 2024
Zimbabwe
ZiG Enters Double-Digit Inflation at 37.2%, a First Since Launch

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

Oct 25, 2024
Zimbabwe
ZiG Transaction Limits Get a Boost, But Will It Be Enough?

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

Nov 02, 2024
Zimbabwe
Hobbled by Policy Flux: How State Intervention Stifled Business Growth in 2024

The year 2024 proved to be exceptionally challenging for both developed and developing nations. Zimbabwe experienced its most severe drought in over four decades, exacerbated by the ongoing geopolitic

Nov 28, 2024
Zambia
Zambia’s Inflation Hits 17% as Drought, Energy Crisis Speaks Louder

Zambia's annual inflation rate has soared for the 17th consecutive month, reaching 16.5% in November 2024, up from 15.7% in October. This escalation marks the highest inflation rate since November 20

Nov 29, 2024
Zimbabwe
ZiG Faces 47% Erosion in Value Against US Dollar

he local currency has experienced a 47% depreciation against the US dollar since its introduction, as reported by the Reserve Bank of Zimbabwe (RBZ). The Zimbabwe Gold (ZiG) is now trading at a rate o

Dec 09, 2024

Top Stories

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

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

Stanbic Bank, EIB Global Launch $21M Facility for Women-Led Businesses

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

Mar 05, 2025

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

TSL Profit More Than Halves to US$3.62 Million in FY 24

TSL Limited, a diversified Zimbabwe Stock Exchange-listed company, experienced a sharp 55% decline in profit after tax from continuing operations, falling to US$3.62 million for the fiscal year ended

Mar 04, 2025

Ariston Shifts Focus to Local Sales Amid Rising Export Surrender Costs

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

Mar 04, 2025

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

Proplastics CEO, Kudakwashe Chigiya Resigns, Paschal Changunda Appointed Acting Leader

Plastics and plastic products manufacturer, Proplastics Limited, has announced the resignation of its Chief Executive Officer (CEO),  Kudakwashe Leo Chigiya, effective 19 February 2025. The Board of

Mar 03, 2025