Zimbabwe's Consumer Price Index (CPI) soared to 120.67 in January 2024, representing a month-on-month inflation rate of 6.6%. This indicates a significant increase from the December 2023 rate of 4.7%.

The government has implemented a zero-rating policy for gold deliveries to Fidelity, the state-owned gold buying entity. This policy change comes after gold deliveries have been sustaining a downward

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

CBZ Holdings experienced a significant contraction in net profitability during the half-year ended June 30, 2024, as total revenue income and tax liabilities escalated substantially. The group's prof

South Africa's Rand Merchant Bank conducted research on 31 African countries, producing a ranking chart for the best and worst places for investment among these nations. President Mnangagwa, upon ass

The Reserve Bank has taken decisive action to curb capital flight and stabilize the formal economy by reducing the amount of foreign currency individuals can take out of the country from US$10,000 to

Zimbabwe's local currency, the Zimbabwean Gold (ZiG), traded at 26.8596 on the 18th of October, down from ZiG26.0692 traded last week Friday against the US dollar. This continues its downward spiral,

The Zimbabwe Investment and Development Agency (ZIDA) has issued 168 new licenses in the third quarter of 2024, with a projected value of US$1.171 billion. This is undoubtedly a promising sign for Zi

From 26.65 last week, the Zimbabwe Gold (ZiG) has further depreciated to 27.44 on a week-on-week basis, according to the latest data released by the Central Bank. Since its devaluation of 43% in a sin

he issue of smuggling presents a significant challenge to the formal economy in Zimbabwe, undermining local businesses and distorting market dynamics. Porous borders facilitate the influx of inexpens

National Foods, the country's leading food producer, achieved a remarkable milestone, surpassing the US$100 million mark in just three months of FY2025 (Q1), despite challenges posed by power outages

In his 2025 budget presentation, Finance and Economic Development and Investment Promotion minister, Mthuli Ncube, imposed a 10% tax on all winning betting odds, effective January 1, 2025. This new

In its efforts to mitigate the expanding informal economy, the government has introduced a new statutory instrument, Statutory Instrument 7 of 2025 designed to protect formal market enterprises. This

The Zimbabwe Gold (ZiG)  experienced marginal declines, depreciating by 0.1% last week and further by 0.2% this week, closing at 23.3656 against the US dollar. This relative stability is largely attri

In 2024, Zimbabwe not only achieved but exceeded its gold production target, reaching an impressive 36.48 tonnes, surpassing the initial goal of 35 tonnes. This milestone marks a historic high for the

The Government of the Republic of Zimbabwe is demonstrating its unwavering commitment to honoring Bilateral Investment Protection and Promotion Agreements (BIPPAs) by compensating investors whose prop

The Zimbabwe Gold (ZiG), the nation’s fourth currency initiative in nearly a decade, has experienced marginal year-to-date (YTD) depreciation of 3%, declining from ZiG25.795 on January 1, 2025, to ZiG

Africa's electoral landscape has been historically beset by undue influences and authoritarian tendencies, compromising the legitimacy of democratic processes. This has resulted in the continent's per

Fuel prices play a pivotal role in shaping economic growth or decline, acting as a lifeline for trade and mobility. Globally, the average price of gasoline stands at 1.26 USD per liter, but significan

The Zimbabwe Gold (ZiG) has depreciated against the United States Dollar (USD), recording an exchange rate of 26.7279 on 25 March 2025, extending a loss-making streak observed since the commencement o