Search results for 'FOREIGN CURRENCY'
Zimbabwe
Zimbabwe 2026 Tobacco Marketing Season Nears Close With 400 Million Kilogram Target Unmet
The Tobacco Industry and Marketing Board will close Zimbabwe’s 2026 auction tobacco floors on Friday, 31 July, after cumulative national sales reached 354.10 million kilograms by selling day 95 on 20
Jul 22, 2026
Zimbabwe
Idle Factories, Falling Prices: Why Zimbabwe’s Tobacco Boom Is Not Reaching Growers
Zimbabwe closed the 2026 tobacco marketing season on 31 July with 356.68 million kg sold through auction and contract floors, falling 43.32 million kg short of the 400 million kg industry target and g
Aug 03, 2026
Zimbabwe
Gold Exports Reach Historic High: Biggest Monthly Windfall in History Tests Sustainability of the Boom
Zimbabwe has exported US$583.4 million of semi manufactured gold in June 2026, the highest monthly value recorded in Zimbabwe’s trade history, latest data from Zimstat shows. The figure exceeded the p
Aug 06, 2026
Zimbabwe
Weekly Currency Update:ZiG Holds the Line as Foreign Currency Inflows Carry the Load
The RBZ mid-rate closed the review period at ZiG26.5673/USD on 14 August 2026, appreciating marginally from ZiG26.59/USD on 13 August and by approximately 0.20% from ZiG26.62/USD a week earlier. Again
Aug 15, 2026
Zimbabwe
Weekly Currency Update: ZiG Enters September Stable as Tight Money, FX Buffers Contain Pressure
The Zimbabwe Gold opened on 31 August 2026, the last day of the month at ZiG26.6640 per US dollar, giving back part of the appreciation recorded during the previous week after closing Friday at ZiG26.
Aug 31, 2026
World
Zimbabwe to Seek Sovereign Credit Rating as Mthuli Tests Reform Gains Against Country Risk
Zimbabwe intends to seek a sovereign credit rating as its re-engagement programme advances. * Public and publicly guaranteed debt stood at an estimated US$22.8 billion at the end of 2025. * A rating w
Sep 14, 2026
Top Stories
FBC Generates ZWG214 Million in Q3 Profit Before Tax, Retains Just ZWG10 Million as Tax Pressure Deepens
FBC Holdings has generated approximately ZWG214.5 million in profit before tax during the third quarter of 2026, but retained only ZWG9.8 million in profit after tax, according to Equity Axis calculat
1 day agoBAT Loses 38 Million Cigarette Sales, 53% Profit Margin Conceals a Shrinking Revenue Base
British American Tobacco Zimbabwe has lost 38 million cigarette sales in the first nine months of 2026 as weaker consumer purchasing power continues eroding demand for its higher priced brands, exposi
1 day agoAnother US$1 Billion Revenue Year Looms for Delta as Half Year Sales Rival its Strongest Pre-2019 Annual Performances
Delta Corporation is heading towards another US$1 billion revenue year after generating US$607.5 million during the six months ended 30 September 2026, an 18% increase from the corresponding period.
1 day agoClinker Imports Surge 90% to US$48 Million as Dinson's US$15 Million Cement Plant Nears Commissioning
Zimbabwe's clinker imports surged 89.7% to US$48.24 million during the first eight months of 2026, exceeding the US$40.78 million spent throughout 2025, as the country prepares to commission another c
1 day agoZimbabwe Clarifies Economic Mandates for Mthuli Ncube and Tagwirei Through New Statutory Instruments
The new economic development portfolio can be assessed through concrete administrative indicators. Competition case processing times, the publication of merger decisions and the consistency of regulat
Nov 13, 2026Treasury Owes Road Contractors US$188 Million as New US$2 Million Contract Approval Rule Takes Effect
Treasury has also warned creditors against engaging third-party debt recovery consultants whose commissions it does not recognise. The directive places greater importance on formal verification and pa
Nov 13, 2026Built with Billions, Left Uninsured: Africa's Unprotected Public Infrastructure Exposes Taxpayers to Mounting Disaster Liabilities
Zimbabwe's government is moving towards compulsory insurance for public assets after its insurance regulator established that most government buildings, schools and hospitals remain without adequate p
Nov 12, 2026
