Zimbabwe

Zimbabwe

ZiG's Premature Death?: Parallel Market Maintains Rate Madness

The currency crisis in Zimbabwe remains a significant concern, with Zimbabwe Gold (ZiG) facing potential premature failure. We closely monitor the performance of ZiG against the US dollar on both the

May 10, 2024
World
Zimbabwe's Hunger SOS: UN Unveils Funding Lifeline for Starving Millions

he United Nations has launched a humanitarian appeal for US$429 million to address the severe hunger crisis affecting an estimated 7 million Zimbabweans, approximately half of the country's population

 May 09, 2024
Zimbabwe
Zimbabwe’s Maize Harvest Plummets 70% Accelerating Hunger Fears: Immediate Implications

Zimbabwe is facing a dire agricultural crisis as the Ministry of Agriculture reports an estimated staggering 70% decrease in maize harvest for the farming season 2023/2024 compared to the previous sea

 May 09, 2024
Zimbabwe
ZiG Emerges Strongest Currency in SADC: Fact or Fallacy?

Zimbabwe's currency, Zimbabwe Gold (ZiG), has emerged as the strongest currency in the Southern African Development Community (SADC) region. It traded at ZiG13.4190 per dollar, surpassing the South Af

 May 03, 2024
Zimbabwe
RBZ Holds Interest Rates Steady, ZiG Notes Debuts Market Today

he Reserve Bank of Zimbabwe (RBZ) has maintained the interest rates at 20% during its most recent monetary policy committee meeting, which took place yesterday. This meeting was significant as it was

 Apr 30, 2024
Zimbabwe
Zimbabwe’s Exports Plunge by 17%, Trade Deficit Widens

The month of March witnessed a significant surge in trade deficit, exceeding 100% and reaching a total of US$184.3 million according to the latest data released by ZimStat. The trade deficit for goods

 Apr 30, 2024
World
Gold Price Drops as Stable US$ Dulls Appeal, Zim to Leverage Gold Reserves for Growth

The price of gold dropped below US$2,330 per ounce today attributed to a stable US dollar, which made gold less attractive to international buyers as investors were eagerly awaiting the Federal Reserv

 Apr 29, 2024
ZiG Notes Rollout: Government Sets Withdrawal Limits

Zimbabwe's central bank, the RBZ, has announced the withdrawal limits for the new currency, Zimbabwe Gold (ZiG), which will enter circulation on April 30, 2024. To ensure a controlled initial rollout

Apr 29, 2024
ZiG Holds Ground on Formal Market

Zimbabwe's latest introduced gold-backed currency, the Zimbabwe Gold (ZiG), has demonstrated stability on the official market since its inception, maintaining its value for almost a month. On the 26th

Apr 26, 2024
Corporate Action Summary

The Board of Directors of First Capital Bank declared a final dividend of US$ 0.22 cents per share for the period ended 31 December 2023. The dividend will be paid on or about the 10th of May, 2024, t

Apr 22, 2024
Recipe for Failure: Government Implements Coercive Monetary Policy

The Zimbabwean Government's introduction of the Zimbabwe Gold (ZiG) currency has shown initial signs of stability and acceptance in the business community. Initially trading at US$1: ZiG13, the ZiG h

Apr 22, 2024

ZiG Currency Conundrum: Government Cracks Down with Iron Fist to Tackle Black Market

Zimbabwe's newly introduced currency, the Zimbabwe Gold (ZiG), has experienced appreciation on the formal market on April 18, 2024, maintaining a consistent streak of appreciation. Since its introduct

Apr 18, 2024

Corporate Action Summary

General Beltings Holdings Limited announced that it sought and was granted by the Zimbabwe Stock Exchange (ZSE) the authority to delay the publication of its Audited Financial Results for the year end

Apr 15, 2024

Zimbabwe to Ensure Smooth Online Payments from Friday

In a circular released by the Reserve Bank, John Mushayavanhu, the Governor of the Central Bank, has announced that all online payment platforms will operate smoothly for all transactions starting fro

Apr 09, 2024

Central Bank Slashes Interest Rates from 130% to 20% to Boost Economy

Interest rates have been drastically reduced from 130% to 20% by the Central Bank, RBZ, as stated in the latest Monetary Policy Statement released on April 5, 2024. This decision comes after the cent

Apr 09, 2024

Zimbabwe’s Currency Gamble: A Golden Opportunity to Revive the Economy?

imbabwe took a bold step on April 5th, 2024, by introducing a new currency called ZiG, which stands for Zimbabwe Gold. In a similar manner to the previous Bond Notes issued by John Panonetsa Mangudya,

Apr 09, 2024

Corporate Action Summary

The Zimbabwe Stock Exchange (ZSE) Limited Depository announced a change in functional currency on the ZSE, which will be implemented effective 08 April 2024 in light of the new structured currency (Zi

Apr 08, 2024

Starlink Faces Price Hurdle in Zimbabwe as Telecom Operators Seek Relief

TOAZ casts doubt on the suitability of low-earth-orbit (LEO) satellite systems, popularized by firms like Starlink, as a broad solution for Zimbabwe.  The association says high costs are likely to lim

Apr 04, 2024

FBC Holdings Shatters Records with Over 1 Trillion in Total Income, Circa 500 Billion in Profit

FBC Holdings, a prominent blue-chip company listed on the Zimbabwe Stock Exchange (ZSE), has reported a total income of ZWL1.3 trillion, representing a substantial 138% increase from ZWL533 billion in

Apr 03, 2024