Search results for 'Foreign Currency Shortage'
Companies
Droughts, Supply Chain Disruptions, Narrows Nampak Profitability

Nampak Zimbabwe’s profitability has been adversely impacted by the effects of prolonged drought conditions stemming from the El Niño climatic phenomenon according to its latest half-year financials. T

Jun 28, 2024
Zimbabwe
ZiG's Harrowing Dance with Devaluation: Exposing Cracks in Currency Reserves

The embattled ZiG, a currency embroiled in a fierce battle for survival, has found itself in a perilous state, trading at an alarming rate of 13.7689 against the mighty U.S. dollar on July 24th, 2024

Jul 25, 2024
Zimbabwe
Exports Trade Mix: Gold Lose Lustre, Nickel Mattes Gain Ground

Zimbabwe's gold exports for June 2024 remained the top export, but fell to 30.5% according to data released by the country's statistics agency, ZIMSTAT. This is down from a higher of 42.8% in May, a

Jul 29, 2024
Zimbabwe
Zim's Licensing Burden: Over 25 Licenses, Permits Required to Operate One Supermarket

Operating a single supermarket in Zimbabwe requires over 25 licenses and permits, making it challenging for businesses to operate. This is despite the mantra, Zimbabwe is open for business. These li

Sep 24, 2024
Companies
CAFCA Achieves 23% Volume Growth in Q1 FY 2025, Exports Plunge by 39%

Cables supplier and manufacturer, CAFCA Limited, has reported a robust 23% year-on-year growth in overall volumes for the first quarter of the 2025 financial year, according to its latest trading upda

Feb 20, 2025

Top Stories

ZiG Weekly Review: Supplier Payment Delays, Budget Underutilisation Threaten ZiG’s Long-Term Stability

The Zimbabwe Gold (ZiG) closed the week ended 8 August 2025 at an exchange rate of 26.7605 against the USD, reflecting a marginal appreciation from 26.7369 the previous day and aligning with the rate

1 day ago

ZIDA Unveils E-Regulations Portal to Streamline Investment, Boost Transparency

The Zimbabwe Investment and Development Agency (ZIDA) has officially launched the E-Regulations Portal , a digital platform that seeks to provide clear, structured, and publicly accessible information

1 day ago

Former ABSA Botswana Director Mthimkhulu Joins CBZ Bank as MD

CBZ Bank, Zimbabwe’s largest financial institution by deposits and assets, has appointed Valeta Mthimkhulu as its new Managing Director, marking a significant milestone in the bank’s leadership journe

1 day ago

US Suspends Visas on Zim Due to Overstays, Migration Stance

The U.S. Embassy in Harare has temporarily suspended all routine immigrant and non-immigrant visa services, sparing most diplomatic and official visas. This decision, driven by Zimbabwe’s 10.57% B-1/

1 day ago

Manufacturing Sector Leads GDP Contributions in 1HY Performance

Zimbabwe’s manufacturing sector has emerged as a cornerstone of the economy, now contributing 15.3% to GDP, surpassing mining (14.5%), wholesale and retail trade (11.9%), financial services (10.8%), a

1 day ago

ZiG Weekly Commentary: Temporary Triumph Masks Deeper Economic Fragility

The Zimbabwe Gold (ZiG) has reached an exchange rate of 26.7724 today, continuing a period of relative calm that began in early June 2025. This stability in both the official and parallel markets is

Aug 05, 2025

Kavango Resources to List on VFEX, Targets US$14 Million for Zimbabwe Projects

Kavango Resources plc, a London-listed mineral exploration company, is entering the final stages of its planned secondary listing on the Victoria Falls Stock Exchange (VFEX), with official trading sch

Aug 05, 2025

Weekly Gold Wrap: Demand Soars to Record $132 Billion in Q2'25

The demand for gold grew significantly in the second quarter, reaching a record value of $132 billion, a 45% increase from the previous year according to the World Gold Council. The total amount of g

Aug 05, 2025