Central Bank has injected US$190 million into the market to stabilize the exchange rate madness that has plagued Zimbabwe's economy. This move is part of a broader strategy to curb the volatility tha
Sep 03, 2024
The Confederation of Zimbabwe Industries (CZI) has expressed concerns regarding the insufficiency of governmental initiatives aimed at stabilizing the local currency. In its recent report, "Inflation
Jan 20, 2025
The highest banking authority, Reserve Bank of Zimbabwe released its 1HY2025 Monetary Policy Statement on the 6th of February 2025, articulating monetary development and policies that will underpin th
Feb 07, 2025
Zimplow Holdings, Zimbabwe's leading supplier of agricultural, mining, and automotive equipment, has introduced a new re-engineering manufacturing process at its Mealie Brand unit, according to the la
Zimbabwe has achieved a historic milestone in its energy sector, recording its highest electricity generation output to date at 1,619 MW, according to the latest data from the Zimbabwe Power Company (
The Zimbabwe Gold (ZiG) appreciated for the first time on May 21, 2025, strengthening to 26.8853 from 26.9786 per dollar the previous day, breaking a chain of loss-making streaks since April 25, when
First Capital Bank, Zimbabwe’s renowned financial services outfit, has achieved a remarkable feat in the first quarter of 2025, with non-performing loans (NPLs) plummeting from 7% in Q1 2024 to 3.66%
Axia Corporation Limited's Distribution Group Africa (DGA) segment has sustained a sluggish performance in the third quarter of FY2025, ended March 31, 2025, compared to the same period last year, whi
imbisa Brands Limited, Zimbabwe's leading quick-service restaurant group, has fully transitioned to 100% paper-based packaging across its 722 outlets according to the company Q3 2025 trading update.
African Sun Limited (ASUN) the largest hotelier group, faced significant challenges in the first quarter of 2025 with hotel occupancy rate plummeting by 17% to 39% from 47% in Q1 2024, accompanied by
Botswana, often celebrated as a model of economic stability and prudent governance in Africa, is confronting a severe economic crisis precipitated by a sharp decline in global diamond prices. The Af
