The Zimbabwe dollar has sustained the recovery trend on formal market after firming by 5% on the latest auction market from ZWL4998.8352 during the previous week to ZWL4771.3854 during the week under
Jul 20, 2023
The Zimbabwe dollar exhibited its fifth consecutive period of appreciation, trading at ZWL4505.4232 against the greenback, up from ZWL4771.3854. This marked a significant week-on-week increase of 6%,
Jul 28, 2023
The Zimbabwe dollar has witnessed its first depreciation during the first trade in August after a period of five consecutive weeks of appreciation against the US Dollar according to the latest data fr
Aug 02, 2023
As the elections period draws closer, the Zimbabwe dollar has encountered its third consecutive session of losses against the US dollar. On the latest wholesale RBZ-governed auction market, the curre
Aug 17, 2023
The Zimbabwe dollar weakened on the latest RBZ-governed liberalised auction market system, falling to ZWL4712.1675 from ZWL4647.9681 last week, representing a 1% decline. This marks the third consecut
Sep 13, 2023
Zimbabwe’s ailing but massaged currency, the Zimbabwe dollar increased at a decreasing rate of 0.4% on the 24th of October 2023 on RBZ’s governed liberalized auction market rate. This marks the small
Oct 25, 2023
The Zimbabwe dollar maintained its depreciation rate of 0.4% during the latest auction market held on October 31, 2023. This resulted in the massaged currency being traded at a rate of 5718.4090 again
Nov 01, 2023
ively leveraged internally generated foreign currency to address its foreign obligations, streamline internal operations, and reduce its gearing ratio. Despite the persistently unreliable foreign curr
Mar 26, 2024
the Reserve Bank of Zimbabwe (RBZ) has announced its mid-term monetary policy statement, with no major shifts. The main bank rate remains unchanged, along with the interest rate corridor and statutor
Aug 30, 2024
Dangote Petroleum Refinery plans to pursue a secondary listing in New York after doubling its Nigerian refining capacity to 1.4 million barrels a day, extending a capital-raising programme that has al
First Mutual Holdings has recorded a 222% increase in first-half profit, which also conceals a weaker performance from its core insurance operation, with investment returns and property revaluations p
Meikles Limited is progressing the disposal of its 50% Victoria Falls Hotel operating interest, 28 years after acquiring the stake in 1998. The Zimbabwe Stock Exchange-listed group holds interests in
Zimbabwe’s gold sector has moved into its strongest position yet to achieve the Government’s 50-tonne target for 2026 after Fidelity Gold Refinery received 5.11 tonnes in August, taking cumulative del
Mutapa Energy Resources is moving Sandawana towards large-scale lithium processing with a planned US$300 million concentrator and a separate US$400 million lithium sulphate project, giving Zimbabwe's
he Zimbabwe Energy Regulatory Authority raised the maximum diesel price to US$2.08 per litre from US$1.95, effective 17 September, placing the regulated fuel price back above the US$2 mark reached dur
Zimbabwe's solar investment is moving beyond the question of how to keep the lights on, with farmers, manufacturers, miners and other businesses increasingly using private generation to protect produc
Zimbabwe is joining a six-country SADC initiative to explore pooled procurement of medicines and health commodities, opening a new route for the country to increase purchasing power and potentially de
