Search results for 'formal market'
Zimbabwe
The Zim Dollar's Traction and Prices Conundrum

The Zimbabwe dollar exhibited its fifth consecutive period of appreciation, trading at ZWL4505.4232 against the greenback, up from ZWL4771.3854. This marked a significant week-on-week increase of 6%,

Jul 28, 2023
Zimbabwe
An illusion Economy: Measuring Currency Stability with Alternative Markets

During the second week of the highly contested elections in Zimbabwe, the Zimbabwe dollar experienced a depreciation of 1% on the willing buyer willing seller interbank market. Although this depreciat

Sep 12, 2023
Zimbabwe
Zim Dollar Sustains Downward Trajectory

The Zimbabwe dollar weakened on the latest RBZ-governed liberalised auction market system, falling to ZWL4712.1675 from ZWL4647.9681 last week, representing a 1% decline. This marks the third consecut

Sep 13, 2023
Zimbabwe
Zim Dollar Sees Biggest Crush Post Shambolic Elections

The Zimbabwe dollar experienced its most significant decline, not only after the disputed election but since the start of July, indicating a rise in the injection of Zimbabwe dollar liquidity into the

Sep 20, 2023
Zimbabwe
ZiG Currency Conundrum: Government Cracks Down with Iron Fist to Tackle Black Market

Zimbabwe's newly introduced currency, the Zimbabwe Gold (ZiG), has experienced appreciation on the formal market on April 18, 2024, maintaining a consistent streak of appreciation. Since its introduct

Apr 18, 2024
Zimbabwe
ZiG's Formal Market Stability Offsets Inflationary Upswings

The Zimbabwe Gold (ZiG), has continued to maintain stability on the formal market since its inception, helping to curb inflationary pressures. On June 17th, the currency traded at ZiG13.4910 per US do

Jun 17, 2024
Companies
Proplastics Export Sales Fall to 1%

Proplastics, a leading manufacturer of PVC piping and fittings, has reported a significant decline in export sales, from 15% of total sales in 2023 to a mere 1% in the first half of 2024 primarily due

Sep 17, 2024
Zimbabwe
ZiG Weekly Review: Formal Market Sees Slower Depreciation, Parallel Market Rate Drops

The Zimbabwe Gold (ZiG) exhibited a marginal depreciation of 0.1% week-on-week, trading at 26.3004 per USD on January 24, 2025, compared to 26.2614 on January 17, 2025. During the week, the ZiG trade

Jan 24, 2025

Top Stories

Zimre Holdings to List Emeritus International on Botswana Stock Exchange After a Mega Profit Jump in 2024

Zimre Holdings Limited (ZHL) plans to list its reinsurance subsidiary, Emeritus International, on the Botswana Stock Exchange (BSE) in 2025, marking a pivotal step in its pan-African growth strategy.

1 hour ago

Zambia's Solar Bet: Is Off-Grid Viable in SADC?

Zambia’s electrification journey has pivoted sharply toward off-grid solar solutions, driven by necessity and strategic foresight, as droughts have exposed the fragility of its 80% hydropower reliance

3 hours ago

Blanket Mine Sets New Gold Production Record in Q1 2025

Blanket Mine, flagship asset of Caledonia Mining Corporation, delivered a stellar Q1 2025, achieving a record first-quarter gold production of 18,671 ounces, surpassing the previous high of 18,515 oun

21 hours ago

Ariston’s Macadamia Production Rises 3%, Narrows Loss Position

Ariston Holdings Limited, a diversified agricultural company listed on the Zimbabwe stock exchange (ZSE), has reported a 3% increase in macadamia production to 1, 395 tonnes for the year ended 30 Sept

21 hours ago

VFEX Achieves Record Turnover in Q1 2025, Driven by Local Investor Confidence

The Victoria Falls Stock Exchange (VFEX) posted a remarkable Q1 2025, driven by local investors who powered a record-breaking turnover of $58.5 million and a historic daily high of $40.1 million on Fe

22 hours ago

Caledonia Nets $22.35M from Solar Plant Sale, Bolsters Liquidity for Gold Expansion

aledonia Mining Corporation  has sold  its 12.2 MW solar plant to CrossBoundary Energy Holdings (CBE) for $22.35 million in cash according to the latest circular by the company. This move is to allow

23 hours ago

Nampak Sells Majority Stake in Zimbabwe Operations to TSL Limited

Nampak South Africa Limited (Nampak SA), a leading packaging company listed on the Zimbabwe Stock Exchange (ZSE), has finalised an agreement to sell a 51.43% stake in its Zimbabwe operations, Nampak Z

1 day ago

Weekly Gold Wrap: Artisanal, Small Scale Miners Record Highest Gold Deliveries in March

Zimbabwe’s gold production in March 2025 achieved a historic milestone, with artisanal and small-scale miners (ASM) recording their highest monthly output ever. The month also marked the highest combi

1 day ago