Search results for 'Economic Reforms'
Zimbabwe
Zimbabwe Limits Forex Withdrawals Abroad to US$2k: What it Means, Implications

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

Sep 30, 2024
Zimbabwe
Currency Hypocrisy: Are Monetary Gaffers Taking a Local Pay-check, in ZiG?

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

Oct 24, 2024
Zimbabwe
Smuggling Pandemic: Afdis’ HY Earnings Efficacy Shrink

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

Nov 04, 2024
Zimbabwe
Zimbabwe’s Trade Deficit Plummets to All-Time Worst Since Mid-2024

Zimbabwe’s trade deficit reached a s US$217.7 million in February 2025, a 124.2% increase from the US$97.1 million deficit recorded in January, reflecting a deepening economic crisis driven by declini

Apr 01, 2025
Companies
Forex Surrender Rules Slash Proplastics’ Export Share to 4% in FY'24 , Profit More Than Doubles

Proplastics, a leading Zimbabwean plastic pipe manufacturer, reported a profitable FY2024, with profit after tax surging to USD1.2 million from USD520 thousand, according to its latest  financial res

Apr 09, 2025

Top Stories

Trump’s Tariffs Take Effect Today: Zimbabwe’s Export Levy Slashed from 18%

President Donald Trump’s new tariff regime kicks off today, on the first of August 2025, with Zimbabwe facing a 15% ad valorem tariff on its exports to the United States, moderated from an initial pro

1 hour ago

Ariston Holdings Posts Early Recovery Signs in HY2025

Ariston Holdings Limited, a diversified agricultural company, has reduced its net loss from US$2.1 million  to US$1.44 million a 32% decline in losses according to the financial statement for the six

22 hours ago

Nickel, Coal Dominate Zimbabwe’s SADC, AfCFTA Exports Amid Trade Imbalance

Zimbabwe’s trade deficit widened to USD 158.5 million in June 2025, a 2.9% increase from May’s USD 154.0 million, despite record gold exports and influence of regional trade policies under frameworks

22 hours ago

Zimbabwe's Inflation Soars in ZiG, USD Terms: Widens Gap with SADC Peers

Zimbabwe’s inflation in July surged in both ZiG terms and US dollar terms driven by a unique blend of domestic policy shifts and external pressures. According to the latest trade data from Zimstat, a

1 day ago

Record Winter Lager Sales Fuel Delta’s Q1 Revenue Surge

Delta Corporation, Zimbabwe’s largest beverage manufacturer has recorded a 25% year on year increase in revenue for the first quarter ended 30 June 2025 according to its latest update. The growth was

Jul 30, 2025

Afdis Toasts Record Q1 Growth: Anti-Smuggling Blitz Fuels Turnover Surge

Afdis, Zimbabwe’s leading spirits and wine producer, has commended the government’s anti-smuggling initiatives, which have significantly boosted the company’s performance in the first quarter ending J

Jul 30, 2025

Illicit Capital Floods Zimbabwe’s REITs: Tigere Maintains Full Occupancy Amid Concerns

A concerning surge in illicit capital inflows and fuel arbitrage, is increasingly being channelled into Zimbabwe’s urban commercial property market, including the real estate investment trust (REIT) s

Jul 29, 2025

Controlled Exchange Rates, ZiG Devaluation Sink Meikles into FY2025 Financial Loss

Meikles Limited, Zimbabwe’s second-largest retailer by store count, reported a significant financial setback in FY2025, plunging into a loss of ZWG 264 million from continuing operations, a contrast t

Jul 29, 2025