Search results for 'economics'
Zimbabwe
Zim Dollar Sustains Weekly Losses by 4%

On the latest RBZ-governed auction market held on September 26, 2023, the Zimbabwe dollar experienced a weakening, reaching ZWL5252.6558. This depreciation further reinforces the losses from the previ

Sep 27, 2023
Companies
Sweet Production, Sour Sales: Impact of ZiG, Policy Slippages Hippo Valley’s Q1

Hippo Valley, Zimbabwe's largest sugar heavyweight , has reported a satisfactory first quarter ended 30 June 2024, despite facing a perfect storm of challenges. While the company saw a 6% increase in

Aug 19, 2024
Zimbabwe
From Promise to Precipice: Gvt Finally Devalues ZiG

Zimbabwe Economy, Currency Devaluation, ZiG Collapse, Economic Instability, Fiscal Discipline, Monetary Policy, Currency Stability, Zimbabwe Gold (ZiG), African Economics, Emerging Markets.

Sep 27, 2024
Zimbabwe
RBZ Raises Policy Rate, Reserve Requirements: Implications for Banks, Businesses, Consumers

The Reserve Bank of Zimbabwe has raised the bank policy rate from 20% in April this year to 35%, according to the latest Monetary Policy Statement released last Friday. Standard and statutory reserve

Sep 30, 2024
World
Global Public Debt to Exceed $100 Trillion by Year-End

The world is facing a daunting public debt crisis, with global debt projected to exceed US$100 trillion, or 93% of global GDP, by the end of this year according to the latest data by the International

Oct 16, 2024
Zimbabwe
Rising Reserves, Waning Performance: The Dilemma of Zimbabwe's Currency

The Reserve Bank of Zimbabwe (RBZ) announced that the reserves backing the Zimbabwe Gold (ZiG), the fourth currency introduced in nearly a decade, have surpassed US$500 million, reaching US$509 millio

Nov 12, 2024
World
Should Zimbabwe Worry About Trump’s Latest Tariffs?

On the third of April 2025, the United States, led by a re-energised Donald Trump, dropped a trade bombshell on Zimbabwe, an 18% “reciprocal tariff” slapped on its goods, part of a broader strategy t

Apr 04, 2025
Zimbabwe
ZiG Weekly Commentary: Daily Losses Mount, Supply Squeeze Fails Stability

The Zimbabwe Gold (ZiG) has recently hit its lowest point on the formal market since the beginning of the year, with deficits since its inception reaching 50%. As of May 19, 2025, the currency has de

May 19, 2025

Top Stories

ZiG Weekly Review: Supplier Payment Delays, Budget Underutilisation Threaten ZiG’s Long-Term Stability

The Zimbabwe Gold (ZiG) closed the week ended 8 August 2025 at an exchange rate of 26.7605 against the USD, reflecting a marginal appreciation from 26.7369 the previous day and aligning with the rate

4 hours ago

ZIDA Unveils E-Regulations Portal to Streamline Investment, Boost Transparency

The Zimbabwe Investment and Development Agency (ZIDA) has officially launched the E-Regulations Portal , a digital platform that seeks to provide clear, structured, and publicly accessible information

5 hours ago

Former ABSA Botswana Director Mthimkhulu Joins CBZ Bank as MD

CBZ Bank, Zimbabwe’s largest financial institution by deposits and assets, has appointed Valeta Mthimkhulu as its new Managing Director, marking a significant milestone in the bank’s leadership journe

6 hours ago

US Suspends Visas on Zim Due to Overstays, Migration Stance

The U.S. Embassy in Harare has temporarily suspended all routine immigrant and non-immigrant visa services, sparing most diplomatic and official visas. This decision, driven by Zimbabwe’s 10.57% B-1/

7 hours ago

Manufacturing Sector Leads GDP Contributions in 1HY Performance

Zimbabwe’s manufacturing sector has emerged as a cornerstone of the economy, now contributing 15.3% to GDP, surpassing mining (14.5%), wholesale and retail trade (11.9%), financial services (10.8%), a

8 hours ago

ZiG Weekly Commentary: Temporary Triumph Masks Deeper Economic Fragility

The Zimbabwe Gold (ZiG) has reached an exchange rate of 26.7724 today, continuing a period of relative calm that began in early June 2025. This stability in both the official and parallel markets is

Aug 05, 2025

Kavango Resources to List on VFEX, Targets US$14 Million for Zimbabwe Projects

Kavango Resources plc, a London-listed mineral exploration company, is entering the final stages of its planned secondary listing on the Victoria Falls Stock Exchange (VFEX), with official trading sch

Aug 05, 2025

Weekly Gold Wrap: Demand Soars to Record $132 Billion in Q2'25

The demand for gold grew significantly in the second quarter, reaching a record value of $132 billion, a 45% increase from the previous year according to the World Gold Council. The total amount of g

Aug 05, 2025