Zimbabwe’s trade deficit has narrowed for the first time in a while, reaching US$198.7 million, a 27.7% decrease from the July 2024 deficit of US$274.9 million. The country has not recorded a trade su

Padenga Holdings Limited, Zimbabwe's third-largest gold producer, has recorded a 25% increase in gold output for the half-year period to June 30, 2024, to 1,351 kilograms, the highest in half-year per

Zimbabwe's local currency, the Zimbabwean Gold (ZiG), traded at 26.8596 on the 18th of October, down from ZiG26.0692 traded last week Friday against the US dollar. This continues its downward spiral,

Gold prices have continued their upward trajectory, reaching a new record high of US$2,750 per ounce on October 23, 2024. This surge is driven by gold's status as a safe-haven asset amid escalating ge

From 26.65 last week, the Zimbabwe Gold (ZiG) has further depreciated to 27.44 on a week-on-week basis, according to the latest data released by the Central Bank. Since its devaluation of 43% in a sin

Zimbabwe's September trade deficit widened by 4.2% to US$207.6 million from US$199.1 million in August, according to the latest trade data released by Zimstat. This increase resulted from a substantia

RioZim, formerly a leading gold producer, has reported a dismal half-year performance for the period ending June 30, 2024, characterized by declines in both production and earnings. This underwhelming

Zimbabwe’s largest corporate, Zimbabwe Platinum (Zimplats), has defied the poor global metal prices that have shocked the company’s profitability, primarily due to a decline in PGMs global metal pric

After a dismal start to the month, the ZiG has appreciated for the first time in a while, according to the latest data released by the Central Bank. The currency strengthened to 27.99 on November 4 f

British American Tobacco (BAT) Zimbabwe has posted a dismal half-year (HY) performance for the full year 2024, despite paying over ZWG100 million in government taxes. The leading producer and distrib

Largest foods processor, Innscor Africa Limited has posted a solid Q1 performance for the period to 30 September 2024. This performance which saw over 90% of its units on the upward trend, sustain gro

National Foods, the country's leading food producer, achieved a remarkable milestone, surpassing the US$100 million mark in just three months of FY2025 (Q1), despite challenges posed by power outages

As the government grapples with the challenge of raising capital amid significant debt levels that hinder access to credit and strained diplomatic relations with Western nations, it has shifted its fo

The Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe has introduced a Targeted Finance Facility (TFF) In a bid to alleviate the current liquidity crisis on targeted sectors. This facil

The largest seed house in the country, Seed Co is currently struggling  with financial challenges attributed to delayed payments from the government, which owes the company US$8.6 million. This outst

he gold sector has achieved remarkable advancements in gold sales, having already surpassed last year's figures. November’s gold deliveries experienced a significant uptick, reaching 3,766 kg more tha

Triangle Limited, a leading sugar manufacturer in Zimbabwe, has embarked on a strategic phased retrenchment initiative aimed at alleviating rising operational expenditures and reinstating profitabilit

The Zimbabwe Gold (ZiG) currency has exhibited a contrarian performance, depreciating to 26.2614 against the US dollar on January 17, 2024, thereby reversing the gains accrued in the preceding week.

The Ministry of Finance in Zimbabwe has unveiled the National Venture Capital Company of Zimbabwe (NVCCZ), an ambitious initiative aimed at catalysing economic expansion through the provision of equit