Search results for 'Gold Smuggling'
Zimbabwe
Gold Exports Plummets Amid Mounting Forex, Currency Crises

Zimbabwe's gold exports decreased from 23.6 kilograms in March to 20.8 kilograms in April according to the latest data released by ZIMSTAT. This marks a continued decline in gold's dominance as the co

May 30, 2024
Zimbabwe
Zimbabwe Zero Rates Gold Deliveries: Uncovering Incentives Behind the Policy Shift

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

Jun 13, 2024
Companies
Is Caledonia Loosing Grip to Padenga?

Caledonia Mining Corporation, the second-largest gold producer in the country, has reported a 19% increase in gold output during the second quarter of 2024, reaching 588.9 kilograms. This performance

Jul 15, 2024
Companies
Auditor General's Report Exposes Widespread Parastatal Graft

Since attaining independence, one of the major problems Zimbabwe has been facing is corruption. The issue dates back to the Willowgate Car scandal in 1988, which implicated top government officials. T

Jul 15, 2024
Mining
28 Zimbabwe-Linked Gold Mafia Members Placed on U.S. Sanctions

The United States and United Kingdom have imposed stringent sanctions on individuals implicated in gold smuggling and money laundering operation based in Zimbabwe, effective December 9, 2024.

Dec 10, 2024
Zimbabwe
Zimbabwe’s Anti-Corruption Drive Under President Mnangagwa: Progress, Setbacks, Persistent Challenges

President  Emmerson Mnangagwa took office in November 2017 after the late President Robert Mugabe’s resignation, pledging decisive action against corruption. In his 2018 State of the Nation Address, h

Oct 21, 2025
Zimbabwe
Hidden Potential: Zimbabwe’s 100-Tonne Gold Horizon Within Reach

Zimbabwe's gold sector continues its meteoric ascent, a testament to resilient operators navigating macroeconomic headwinds and structural reforms amid a global bull market for the yellow metal. In Oc

Dec 02, 2025
Zimbabwe
Mthuli’s 2026 Budget : Drops Tax Hammer on Miners, Hands Citizens the Keys to Gold

Finance, Economic Development and Investor Promotion Minister, Professor Mthuli Ncube has tabled the most aggressive mining tax reforms since dollarisation, aimed at lifting the sector’s effective con

Dec 03, 2025
Zimbabwe
Fiscal Fiasco to Gold Reckoning: Zimbabwe’s Boom Finally Pays the Treasury

Zimbabwe is experiencing one of the most remarkable gold production surges in its history, achieving a record 36.48 tonnes in 2024 after a dip to 30.1 tonnes in 2023, with 2025 now firmly on track to

Dec 04, 2025
Companies
The New Gold Standard: Harare Bars Foreigners From Small-Scale Gold Mining

Zimbabwe gold, small-scale mining, foreign mining ban, citizen empowerment, gold smuggling, Fidelity Gold Refinery, mining policy, Polite Kambamura, US$15m threshold, resource nationalism

May 24, 2026
Zimbabwe
Gold Revenue Slide: Why Zim’s Main Forex Earner Hit a 13-Month Low and What It Means for the Economy

Zimbabwe's gold export revenue recorded its fourth consecutive monthly decline in April 2026, falling to USD 394.2 million from USD 427.1 million in March, USD 461.4 million in February, USD 493.0 mil

Jun 05, 2026

Top Stories

Building Hotels Without Building Hotels: How RTG Is Turning Existing Assets Into Its Next Growth Engine

Hospitality companies have traditionally expanded through a simple formula, acquire another property, build another hotel or borrow against the balance sheet to create additional room inventory. Howev

1 hour ago

Zimbabwe Quietly Rewrites Its Growth Model: Why Treasury Is Designing The Economy For Resilience Instead Of Recovery

Zimbabwe's Mid Term Budget Review and the 2027 Budget Strategy Paper reveal a policy shift that is larger than the headline numbers on growth, inflation or revenue. Together they show Government movin

4 hours ago

Delta Expands Brewing Capacity as Consumer Demand Outruns Production

Zimbabwe’s beverages behemoth, Delta Corporation has reached the point where its biggest constraint is no longer consumer demand but its own ability to manufacture enough product. Three years ago man

5 hours ago

Zimbabwe’s Debt Strategy Enters Its Double Arrears Test

Zimbabwe’s debt resolution programme has reached the point where its credibility will be judged by two payments moving in opposite directions across the same public balance sheet. Treasury needs about

6 hours ago

Zimbabwe Fails to Reach 400 Million Kg Tobacco Target in 2026 Season

Zimbabwe closed the 2026 tobacco marketing season on 31 July with 356.68 million kg sold through auction and contract floors, falling 43.32 million kg short of the 400 million kg industry target and g

6 hours ago

Edgars to Delist from VFEX: What Went Wrong with Its Two Year Dollar Market Journey?

Edgars Stores Limited has resolved to pursue a voluntary delisting from the Victoria Falls Stock Exchange barely two years after leaving the Zimbabwe Stock Exchange for the United States dollar denomi

8 hours ago

African Tourists Drive South Africa’s H1 2026 Tourism Growth

South Africa’s fastest growing tourism customers increasingly come from the same African countries whose nationals have become the focus of recurring anti migrant protests, placing one of the country’

9 hours ago

Seed Co’s Smallest Quarter Delivers Growth, Revenue Per Tonne Falls Ahead of Its Biggest Seasonal Test

Seed Co Limited, Zimbabwe’s biggest seed house has grown the first quarter revenue by 19% to US$6.9 million and volume 22% to 4,145 metric tonnes, against US$5.8 million and 3,393 metric tonnes a year

9 hours ago