Zimbabwe

Zimbabwe

Power Crisis Deepens as Hwange’s Maintenance Cuts 450MW From Grid

Zimbabwe, as the nation braces for widespread power outages as two vital units at Hwange Power Station are set for Class B maintenance and statutory maintenance between March and May. This follows th

Mar 03, 2025
Zimbabwe
Meikles Slides into Loss: Can the Retail Titan Recover?

Zimbabwe’s second largest retailer, Meikles Limited with stores trading as TM Pick n Pay in both US dollar terms and local currency terms as the sector continues facing unsatiable competition from the

 Feb 28, 2025
Zimbabwe
Zimbabwe's Inflation Cools in February for Both USD, ZiG: Regional Comparison and Analysis

Zimbabwe’s inflation landscape brightened in February 2025, with month-on-month rates for both its gold-backed ZiG currency and the U.S. dollar plummeting to their lowest levels in months, according t

 Feb 27, 2025
Zimbabwe
FBC Unveils Premium Mastercard with Exclusive Perks, Connects Zimbabwe to Global Markets

Zimbabwe’s titan bank, FBC Holdings, has launched a new family of FBC Premium Mastercard products yesterday at the Hyatt Regency Hotel in Harare. It is linked to both USD and Zimbabwe Gold (ZWG), an

 Feb 26, 2025
Zimbabwe
The Fall of Zimbabwe's Cotton Empire: What Went Wrong

Zimbabwe's cotton output has fallen by a staggering 96% in just 13 years, according to the latest data from the Confederation of Zimbabwe Industries (CZI). Output plummeted from 360,000 metric tonnes

 Feb 26, 2025
Zimbabwe
Zimbabwe Launches $3.6 Billion Industrial Park Project

The ground breaking ceremony  of the Palm River Energy Metallurgical, a US$3.6 billion project, has been officially launched yesterday by President Emmerson Mnangagwa at the energy industrial park are

 Feb 25, 2025
Zimbabwe
ZiG Weekly Review: Records 3% YTD Decline, Battle for Long-Term Stability Continues

The Zimbabwe Gold (ZiG), the nation’s fourth currency initiative in nearly a decade, has experienced marginal year-to-date (YTD) depreciation of 3%, declining from ZiG25.795 on January 1, 2025, to ZiG

 Feb 24, 2025
Zimbabwe's Macadamia Exports Rake in US$8 Million in 2024

Zimbabwe's macadamia nut industry has experienced growth, with exports surging by 53% from 5.24 million kilograms in 2023 to 8.02 million kilograms in 2024. This increase in export volume has generat

Feb 19, 2025
Zimbabwe Ranks Highest Corrupt Country in SADC for 2024, Among Top 10 in Africa

Zimbabwe has come out as the worst corrupt country in SADC in 2024, according to the latest data from Transparency International coming only ahead of a war-torn DRC. It was also the worst performance

Feb 18, 2025
Zimbabwe Produces Highest Daily Electricity in over 6 Months

Zimbabwe has seen a significant increase in daily electricity generation, with the national grid producing 1,395 megawatts (MW) today, its highest output in over six months according to Zimbabwe Power

Feb 17, 2025
ZiG Weekly Review: ZiG Maintains Steady Course with Slight Declines Under 1%

The Zimbabwe Gold (ZiG) has exhibited a consistent downward trajectory, recording a decline for three consecutive weeks, settling at 26.4565 during the week ended 14 February 2024. However, these are

Feb 17, 2025

Small-Scale Miners Spur Gold Production with 70.2% Surge As Large-Scale Contributions Down 21.6% in January

Gold deliveries in January 2025 saw a significant uptick, rising by 29.2% to 3.1 tonnes compared to 2.4 tonnes in the same period last year, according to the latest data from Fidelity. However, this i

Feb 12, 2025

Government Commences Compensation Payments, Marks Milestone in Economic Reforms

The Government of the Republic of Zimbabwe is demonstrating its unwavering commitment to honoring Bilateral Investment Protection and Promotion Agreements (BIPPAs) by compensating investors whose prop

Feb 12, 2025

ZIMRA Set Guidelines for Fast Food, Plastic Bag Taxes

The Zimbabwe Revenue Authority (ZIMRA) has established guidelines for tax return deadlines related to disposable plastic bags and fast food sales. These guidelines follows the 2025 budget presentatio

Feb 11, 2025

Zimbabwe's Horticulture Sector Slams Increase in Export Surrender Threshold as 'Unfair and Counterproductive’

The Horticulture Development Council (HDC) has strongly criticized the Reserve Bank of Zimbabwe’s (RBZ) recent decision to reduce export retention thresholds from 75% to 70%, as outlined in its Moneta

Feb 11, 2025

Zimbabwe's Forex Receipts Hit New Record, Surpass US$13 Billion

Zimbabwe's foreign currency inflows surged to a record high of US$13.3 billion in FY2024, representing a 21% year-over-year (YoY) growth from US$11 billion in FY2023. The robust performance was prima

Feb 10, 2025

ZiG Weekly Review: RBZ Implements Strategic Policies to Stabilise ZiG

The Zimbabwe Gold (ZiG) experienced a downward trajectory over two consecutive weeks, depreciating to 26.4072 against the US dollar on February 7, 2025, from 26.3656 on January 31, 2025, reflecting a

Feb 10, 2025

No POS Machine, No Licence, No Bank Account, No Licence: RBZ Commands

he Reserve Bank of Zimbabwe (RBZ) has introduced a transformative policy aimed at formalizing the informal trading sector and promoting digital transactions. Effective immediately, local authorities

Feb 07, 2025

RBZ Takes More Forex from Exporters: 2025 MPS Review and Analysis

The highest banking authority, Reserve Bank of Zimbabwe released its 1HY2025 Monetary Policy Statement on the 6th of February 2025, articulating monetary development and policies that will underpin th

Feb 07, 2025