Search results for 'reserves'
Zimbabwe
Zimbabwe's Gold Deliveries: June Sets the Tone for a Record Year

Zimbabwe's gold deliveries to Fidelity Gold Refinery reached 4.81 tonnes in June 2026, the highest single monthly figure recorded in 2026, the second highest historically just behind December 2025's 4

Jul 07, 2026
World
No Dollars, No Fuel: Mozambique's Crisis Reveals New Energy Risk

Mozambique has established a US$50 million foreign currency payment facility to restore nationwide fuel supplies after months of shortages caused by US dollar liquidity constraints that prevented dist

Jul 10, 2026
Zimbabwe
Zimbabwe’s Gold Windfall Narrows as Fidelity Price Falls 25% From January Peak

Zimbabwe’s official Fire Assay cash buying price decreased 25.3% to US$3,764.15 per ounce on 21 July 2026 from a 2026 peak of US$5,041.57 per ounce on 29 January, reducing the revenue generated from e

Jul 21, 2026
Zimbabwe
Zimbabwe's Bumper Harvest Begins Reshaping the External Sector

Zimbabwe's maize import bill fell by US$90 million, or 32.9%, during the first half of 2026 as the country's largest harvest in years began replacing imported grain with domestic production. Maize imp

Aug 07, 2026
Zimbabwe
Zimbabwe Stabilises Money, Can Banks Now Price It?

Zimbabwe has entered the second half of 2026 with annual ZiG inflation at 3.2%, foreign currency reserves of US$1.7 billion and an official exchange rate that has remained within a relatively narrow r

Aug 21, 2026
Zimbabwe
Zimbabwe’s US$1.62 Billion Remittance Economy Moves Into Top FX Tier

Zimbabwe has received US$1.62 billion in formal diaspora remittances between January and July 2026, placing household transfers alongside some of the country’s largest sources of foreign currency. Sou

Aug 27, 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
Zimbabwe
RBZ Sets Two-Month Import Cover Target as Zimbabwe Builds Reserve Buffer

* Foreign reserves reached US$1.7 billion by end-July, covering 1.7 months of imports. * First-half foreign-currency receipts increased 47.8% to US$10.72 billion. * Two months of cover remains below t

Sep 14, 2026

Top Stories

First Mutual Puts US$31.5m Land Bank at Centre of Capital Recycling Plan

The property portfolio reached US$150.0 million at June 2026, equivalent to about 49% of the group’s US$306.0 million asset base. Property values increased from US$139.7 million at December, supported

9 hours ago

Chirundu Financial Close Puts US$80.25m Facility on Record

Zimbabwe and the Chirundu Border Consortium have reached financial close for the Chirundu Border Post Upgrade and Modernisation Project. The Ministry of Transport and Infrastructural Development said

12 hours ago

Padenga’s Earnings Surges Past US$180m, Production Growth Meets Record Price Cycle

Padenga Holdings, Zimbabwe’s biggest listed gold producer has generated US$182.3 million in revenue from Dallaglio during the six months to June 2026, a 48% increase from the comparable period, as str

13 hours ago

Dangote Targets New York Listing After US$14.3bn Refinery Expansion

Dangote Petroleum Refinery plans to pursue a secondary listing in New York after doubling its Nigerian refining capacity to 1.4 million barrels a day, extending a capital-raising programme that has al

1 day ago

First Mutual’s Profit Surge Masks Pressure in Insurance Engine

First Mutual Holdings has recorded a 222% increase in first-half profit, which also conceals a weaker performance from its core insurance operation, with investment returns and property revaluations p

1 day ago

Inside Meikles’ 28-Year Victoria Falls Hotel Disposal Process

Meikles Limited is progressing the disposal of its 50% Victoria Falls Hotel operating interest, 28 years after acquiring the stake in 1998. The Zimbabwe Stock Exchange-listed group holds interests in

1 day ago

Gold Target Comes Within Reach, August Sets New Production Pace

Zimbabwe’s gold sector has moved into its strongest position yet to achieve the Government’s 50-tonne target for 2026 after Fidelity Gold Refinery received 5.11 tonnes in August, taking cumulative del

1 day ago

Sandawana’s Lithium Ambition Runs Into Zimbabwe’s 2027 Deadline

Mutapa Energy Resources is moving Sandawana towards large-scale lithium processing with a planned US$300 million concentrator and a separate US$400 million lithium sulphate project, giving Zimbabwe's

1 day ago