Search results for 'currency instability'
Zimbabwe
Econet Pays 3.8 Trillion in Taxes to Government

Econet Wireless Zimbabwe, the country's largest telecom operator, contributed a staggering ZWL3.8 trillion to the government and statutory bodies in the fiscal year ended February 29, 2024. This figur

Jun 03, 2024
Companies
From Crisis to Opportunity: ART Holdings Prioritises Debt Reduction

ART Holdings Limited has announced a renewed focus on debt reduction as it navigates a challenging economic environment marked by persistent inflation, currency instability, and crippling electricity

Aug 16, 2024
Zimbabwe
ZiG's Downward Trajectory: Following Its Predecessors into Abyss of Failure

The Zimbabwe Gold (ZiG), the country’s latest currency initiative, appears to be one of the most ill-fated ventures in recent years, especially when compared to its predecessors: Bond Notes, RTGS, and

Sep 23, 2024
Zimbabwe
John's Curse 2:ZiG Drops to ZiG26, PMR Hits 40, Gold-Backed No More?

Zimbabwe's local currency, Zimbabwe Gold (ZiG), has taken a worrying plunge to ZiG26.0692 against the US dollar, continuing its downward spiral. Last week, it traded at ZiG25.3578 on October 4, 2024,

Oct 10, 2024
Companies
Beating the Odds, Then Booted: Does OK Zimbabwe’s CEO Firing Defy Logic?

Zimbabwe’s retail giant, OK Zimbabwe, has thrust itself into the spotlight with a sweeping executive overhaul, axing its seniour management team and reinstalling veterans who once steered the company

Feb 27, 2025
Companies
Ariston Shifts Focus to Local Sales Amid Rising Export Surrender Costs

Ariston Holdings, a Zimbabwean agribusiness, has strategically reoriented its revenue focus from export markets to domestic sales in response to rising operational costs and restrictive export policie

Mar 04, 2025
Zimbabwe
Zimbabwe's Inflation Soars in April, Both M-o-M, Year-on-Year: A Comparative Analysis with SADC Neighbours

Zimbabwe’s 2025 April inflation increased both in USD and ZiG terms, with ZiG annual inflation skyrocketing according to the lates data from Zimstat. The Zimbabwe Gold (ZiG) launched in April 2024, r

Apr 25, 2025
Zimbabwe
Zimbabwe's Inflation Soars in ZiG, USD Terms: Widens Gap with SADC Peers

Zimbabwe’s inflation in July surged in both ZiG terms and US dollar terms driven by a unique blend of domestic policy shifts and external pressures. According to the latest trade data from Zimstat, a

Jul 30, 2025

Top Stories

FBC Holdings Reshapes Revenue Model, Prioritizes Core Operations

FBC Holdings Limited has embarked on a strategic transformation, shifting its revenue base away from volatile hedging and investment revaluation gains toward sustainable core income streams, signallin

1 day ago

Mash Holdings’ Rental Income Grows 15% Spurred by New Tenants at Pomona Centre

Mashonaland Holdings Limited, a prominent property and investment company listed on the Zimbabwe Stock Exchange (ZSE), reported strong rental income growth in the first half of 2025,  by its developme

Aug 28, 2025

Invictus Energy’s Share Price Rally Biggest Since 2023 After Al Mansour’s US$25M Investment, US$500M Future Commitment

Invictus Energy, an Australian-listed exploration company with a market capitalisation of approximately US$55 million, experienced a dramatic surge in its share price, rising from AUD 0.050 on August

Aug 27, 2025

Africa’s Solar Imports Hit Record High, Zimbabwe Lags Over Policy , Costs

Africa’s solar energy landscape underwent a dramatic transformation, with solar imports from China soaring by 60% to a record-breaking 15,032 megawatts (MW) across 20 nations in the 12 months ended Ju

Aug 27, 2025

RBZ Redesigns ZiG : Should People Fear a Repeat of Past Currency Failures?

The Reserve Bank of Zimbabwe (RBZ) is redesigning its Zimbabwe Gold (ZiG) banknotes to improve their quality, durability, and security features, as part of its broader de-dollarisation strategy aiming

Aug 26, 2025

ZB Launches New Insurance, Core Banking Systems for Digital Edge

ZB Financial Holdings, Fusion Essence, Life Central, digital transformation, core banking system, insurance system, Smile Cash, financial inclusion, Zimbabwe banking, ESG strategy,

Aug 26, 2025

Deceptive Strength: ZiG’s Stability Masks Growing Arrears Crisis

In the week to 25 August 2025, the Zimbabwe Gold (ZiG) exhibited remarkable stability, experiencing a marginal depreciation of 0.02%, moving from an exchange rate of 26.7683 on August 19, 2025, to 26.

Aug 25, 2025

ZB Group Half-Year 2025 Profit Soars 123% on Banking , Insurance Growth

ZB Financial Holdings, a diversified financial arm listed on the Zimbabwe Stock Exchange (ZSE), has reported a remarkable 123% increase in profit after tax for the half-year ended 30 June 2025, rising

Aug 25, 2025