The Reserve Bank has taken decisive action to curb capital flight and stabilize the formal economy by reducing the amount of foreign currency individuals can take out of the country from US$10,000 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,

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

he issue of smuggling presents a significant challenge to the formal economy in Zimbabwe, undermining local businesses and distorting market dynamics. Porous borders facilitate the influx of inexpens

In its efforts to mitigate the expanding informal economy, the government has introduced a new statutory instrument, Statutory Instrument 7 of 2025 designed to protect formal market enterprises. This

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

Zimbabwe’s gold export earnings have inexplicably plunged for three consecutive months slipping from a record high of US$361.1 million in November 2024 to US$291.8 million in December, US$291.4 milli

Zimbabwe’s trade deficit reached a s US$217.7 million in February 2025, a 124.2% increase from the US$97.1 million deficit recorded in January, reflecting a deepening economic crisis driven by declini

Proplastics, a leading Zimbabwean plastic pipe manufacturer, reported a profitable FY2024, with profit after tax surging to USD1.2 million from USD520 thousand, according to its latest  financial res

The Zimbabwe Gold (ZiG) has entered a volatile phase on the parallel market, shelving the stability the currency enjoyed from the first quarter into April. On the formal market, the ZiG maintained its