Search results for 'FOREIGN CURRENCY'
Zimbabwe
Zimbabwe’s Reserves Reach US$2bn, What It Means for ZiG Sustainability

Zimbabwe's foreign currency reserves reached US$2 billion in September 2026, equivalent to roughly two months of import cover and up from US$1.4 billion in June. The stock gives the Reserve Bank of Zi

Oct 06, 2026
Zimbabwe
Zimbabwe’s Unmet FX Demand Falls 75% as Formal Dollar Supply Deepens

Zimbabwe’s unmet demand for foreign currency has fallen by almost three quarters from its March 2026 peak as stronger export receipts, rising reserves and central bank intervention expand the amount o

Oct 07, 2026
Zimbabwe
ZiG Reserve Cushion Widens to 6.5 Times Reserve Money

Zimbabwe has built a substantially larger reserve cushion behind the ZiG, with reserve assets backing the local currency reaching nearly ZiG48.9 billion by September 2026 against reserve money of abou

Oct 07, 2026
Zimbabwe
RBZ Clears All Q3 IMF Monetary Targets

The Reserve Bank of Zimbabwe says it has remained within all three monetary quantitative targets under the IMF Staff Monitored Programme at the end of September 2026, combining faster reserve accumula

Oct 07, 2026
Zimbabwe
Lithium Overtakes PGMs as Zimbabwe’s Export Lead Faces the 2027 Processing Deadline

Lithium products overtook platinum group metals as Zimbabwe’s largest mineral export category excluding gold and silver, generating approximately US$2.16 billion in the nine months to September 2026.

Oct 08, 2026
Zimbabwe
Government Eyes Record US$3 Billion Current Account Surplus, Forex Inflows Surge 48%

Zimbabwe is projecting a record current account surplus exceeding US$3 billion by December 2026, supported by a 47.8% surge in foreign currency inflows during the first half of the year, although the

Oct 15, 2026

Top Stories

Zimbabwe's Mineral Processing Rules Face COMESA Regional Integration Test

Zimbabwe’s ambition to develop regional mineral-processing industries faces a significant policy test after President Emmerson Mnangagwa committed the country’s COMESA chairmanship to accelerating ben

1 day ago

Zambia's Izwe Loans Profits Rise 26% on Fee Income, Zim's Banks Face Tighter Charges

Zambia's Izwe Loans Zambia has recorded a 26% increase in profit after tax to K112.2 million (approximately US$6.23 million) for the six months ended 30 June 2026, supported by a near doubling of fee

1 day ago

Zimplow’s Implement Export Volumes Overtake Local Sales Amid 2027 Drought Risks

VFEX-listed Zimplow Holdings has recorded a US$1.54 million turnaround in pre-tax earnings for the nine months ended September 2026, supported by stronger margins, improved stock availability and a sh

1 day ago

Zambia Re Profits Nearly Triple as Underwriting Improves, Outpacing Zimbabwean Insurers

Zambia Reinsurance, formerly Prima Reinsurance, has recorded a 198% increase in profit after tax to K6.09 million (approximately US$338,000) for the six months ended 30 June 2026, despite reinsurance

1 day ago

Zimbabwe Hosts COMESA Heads of State Summit, Mnangagwa to Lead Regional Economic Bloc

Zimbabwe is hosting the 25th Common Market for Eastern and Southern Africa (COMESA) Heads of State and Government Summit today, 22 October 2026, at the New Parliament Building in Mt Hampden, with Pres

1 day ago

IMF Research Exposes Cost of Broad Subsidies Ahead of Zimbabwe's 2027 Budget

Zimbabwe’s preparation of the 2027 National Budget faces a difficult fiscal calculation as new International Monetary Fund research finds that broad food subsidies can cost approximately six times as

Oct 21, 2026

Cassava Enters World Bank Plan for Affordable African AI

The World Bank Group launched its first digital strategy on 20 October, setting out a financing and policy framework for developing countries to expand affordable connectivity, digital services, skill

Oct 21, 2026

Zanaco's 13% Revenue Growth Fails to Lift Profits as Costs Rise, Echoing CBZ's Earnings Pressure

Zambia National Commercial Bank (Zanaco) has recorded a 13% increase in operating income to K3.30 billion (approximately US$183.2 million) for the six months ended 30 June 2026, but the improvement fa

Oct 21, 2026