Search results for 'Economic Uncertainty'
World
Golden Gains: Evolving Landscape of Global Gold Production, Prices

Global gold prices have started the week on a firmer note, stabilizing around $2,305 per ounce yesterday, following a 3.5% drop on Friday - the largest daily decline since November 2020. Investor sen

Jun 11, 2024
Zimbabwe
ZiG Opens July with 1% Official Market Slump

The local unit, the Zimbabwe Gold (ZiG), has exhibited a week-over-week depreciation of 0.9% against the United States Dollar (USD), opening the new month of July at a spot rate of ZiG13.7026, as per

Jul 01, 2024
World
Age of Bullion: Gold Prices Reach Historic Highs

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

Oct 23, 2024
World
Global Gold at Glance: 2024’s Record Production, Record Prices Analysis, What Were Key Drivers

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

Feb 17, 2025
World
Global Gold Weekly Round-Up: Gold Prices Surge Dents Jewellery Demand, Fuels Investment Boom

he gold market has experienced a remarkable rally since the beginning of the year, with prices repeatedly hitting new all-time highs. While this surge has been a boon for investors, it has cast a shad

Feb 24, 2025

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