In this context, the new gold-backed CBDC may seem a promising initiative to restore stability. The RBZ claims Zimbabwe has enough gold reserves to fully back the new digital currency. By pegging its

The Zimbabwe International Trade Fair (ZITF) is one of the largest intra-regional trade fairs south of the Sahara and a major opportunity for local businesses to boost trade, connect with new partners

Embattled Zimbabwe dollar dropped -2% against the greenback on the latest Auction Market held on 25th April 2023, from ZWL1000.0227 to 2WL1021.2072, the least depreciation since the year commenced. Th

According to analysts, lithium demand could triple by 2025 and increase six-fold by 2030. Meeting this demand and achieving price stability will require diversified supply from many new projects world

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Choppies highlighted that the article created an incorrect impression by referring to just Choppies, the listed entity, in the headline and initial parts of the article before later mentioning Choppie

Zimgold aims to raise US$5 million through the private placement a commercial paper to fund local sourcing of soya beans and sunflower seeds. The limited quantities of oilseed production in Zimbabwe h

South Africa’s 2nd largest retailer Pick n Pay said its online sales volumes significantly soared after hopping onto the Mr D’s delivery app. The company achieved total online sales growth for the yea

The promotion is just one of a range of activities that First Capital Bank is offering to unlock value in the new term. In 2022, the Bank invested heavily in revamping its digital platforms, and custo

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

The shift away from fossil fuels is a global trend that is being driven by a range of environmental and economic factors. For countries like South Africa and Zimbabwe, which are heavily reliant on fos

Trading was suspended because investors were trying to grab any shares they could get their hands on in response to the depreciating local currency, against the greenback.

In conclusion, Zimpapers' first quarter trading update paints a challenging picture for the media group, but the company remains optimistic about the future. The management's commitment to improving t

The decision comes just days after Zimbabwe’s cabinet declared all carbon credit programs in the country “null and void.” All agreements in Zimbabwe will now have to pass through the Attorney-General’

According to the ICSG, world refined copper output increased by 7.5% to 6.69 million tonnes, while usage was estimated to be 2.3% higher at 6.35 million tonnes. This surplus can be attributed to a ris

In the short term, Zimbabwean businesses may need to prepare for higher prices for imports from South Africa, and the government may need to monitor the situation closely to ensure that any potential

Indonesia, the world's largest nickel producer, has put on hold its plans to impose export levies on nickel products in a bid to create a price index that will help ease the volatility tied to the Lon

In such a challenging environment, cost-cutting measures can be an effective way for companies to maintain profitability. However, it is important to note that cost-cutting measures can also have nega

Nedbank warned that risks to its full-year outlook are rising from South Africa’s weakening economy, where growth has been hit by power cuts, weak global demand, and rising rates.

In a major shake-up for the global metals market, the London Metal Exchange (LME) has lost its benchmark status for a part of the nickel market. According to a report by Bloomberg News, the Shanghai M