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

World Bank Puts Vision 2030’s Upper-Middle-Income Target 6 Years Off Current Trajectory

Zimbabwe would reach upper-middle-income status around by 2036 under its current economic trajectory, six years after the Government’s Vision 2030 target, according to the World Bank’s latest Country

40 minutes ago

Five Products Drive 90% of Zimbabwe’s  Export Growth

Zimbabwe’s merchandise exports have risen to US$7.36 billion between January and July 2026 from US$4.75 billion in the comparable period of 2025, adding about US$2.62 billion in foreign currency recei

1 hour ago

Zimbabwe Steel Exports Triple to US$150m as New Product Lines Take Hold

Zimbabwe has exported about US$150.3 million across four identifiable iron and steel product lines between January and July 2026, up from approximately US$46.3 million during the comparable period las

2 hours ago

Five Years of Growth, Limited Job Gains: World Bank Flags Zimbabwe’s Productivity Gap

The World Bank has flagged Zimbabwe’s failure to convert strong economic growth into productive employment, with about 80% of working Zimbabweans now operating in the informal sector where median mont

4 hours ago

Tobacco Growers Move to Drought Varieties as El Niño Raises Pest Risk

The Tobacco Industry and Marketing Board has advised growers to begin early aphid surveillance, destroy tobacco stalks and maintain strict field sanitation ahead of the 2026/27 planting season, as Zim

6 hours ago

South Korea Gives South Africa an Offshore Maize Market

South Africa, maize exports, South Korea, Zimbabwe maize, grain markets, food security, Agricultural Marketing Authority, Grain Marketing Board, GMB, Zimbabwe Mercantile Exchange, ZMX, maize prices, r

6 hours ago

ZB Taps Fintech Executive Matsaudza to Turn Digital Investment Into Core Banking Growth

Matsaudza brings more than 17 years of experience across African financial and telecommunications markets. ZB’s appointment announcement says he previously served as Managing Director of O’mari, the f

Sep 04, 2026

Pfuma Fund’s US$8.7m Delivery Test Begins

Pfuma Fund has committed US$8.71 million to property projects that are expected to enter its income base from the second half of 2026. The deployments move the fund from the capital-raise phase into a

Sep 04, 2026