Search results for 'Financial Markets'
Zimbabwe
ZiG's Formal Market Stability Offsets Inflationary Upswings

The Zimbabwe Gold (ZiG), has continued to maintain stability on the formal market since its inception, helping to curb inflationary pressures. On June 17th, the currency traded at ZiG13.4910 per US do

Jun 17, 2024
Zimbabwe
Digital Dawn: ZSE Direct Surges 28% as Zimbabwe's Stock Market Boom in Q3

d clients and 10,740 active clients. The number of trades increased by 28.68%, reflecting the growing interest in online trading. ZSE Direct has democratized access to the capital markets, offering

Oct 10, 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
ZiG Extends Rally: Gains 7% against US$, Biggest Appreciation Since Launch

The Zimbabwe Gold (ZWG) has sustained its upward momentum, appreciating by 4% to 26.90 on October 5, 2024, building on the previous day's 2.4% gain. This cumulative 7% surge over the past two days ma

Nov 05, 2024
Zimbabwe
‘Gold-Backed’ ZiG Falters: Accumulates 48% Loss Since Launch

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.

Jan 17, 2025
World
Weekly Gold Wrap: Tariffs Spark Global Gold Rush, COMEX Inventories Hit Pandemic Highs

With increasing US tariffs across the world from America to Europe, Asia to Africa, gold has emerged as a critical barometer of market uncertainty. As trade tensions escalate, investors and instituti

Mar 03, 2025
Zimbabwe
Government Approves $311 Million Compensation for 740 Farms Under Global Compensation Deed

Zimbabwe’s recent initiation of compensation payments to former farm owners under the Global Compensation Deed (GCD), signed in 2020, marks a significant step toward resolving historical grievances st

Apr 10, 2025
Zimbabwe
ZiG Firms for the First Time on Formal Market, Ends Bearish Streak Since April

The Zimbabwe Gold (ZiG) appreciated for the first time on May 21, 2025, strengthening to 26.8853 from 26.9786 per dollar the previous day, breaking a chain of loss-making streaks since April 25, when

May 23, 2025

Top Stories

Weekend Read: Zimbabwe’s Gold Rush – Billions Earned, Billions Lost

Gold is Zimbabwe’s golden ticket, shining brighter than ever as the world’s chaos, wars in the Middle East, Russia’s invasion of Ukraine, and shaky U.S. support for Kyiv drive demand for this safe-hav

1 day ago

BAT Anticipates Comeback After Transitioning to a Loss in FY2024

British American Tobacco Zimbabwe (BAT Zimbabwe) experienced a pronounced financial reversal in its fiscal year 2024 (FY2024), transitioning from a profit after tax of ZWG 234 million (US$9 million to

1 day ago

ZERA Hikes Fuel Prices for July

The Zimbabwe Energy Regulatory Authority (ZERA) has announced an upward adjustment in fuel prices for the month of July, reflecting both global oil market trends and persistent domestic vulnerabilitie

1 day ago

ZSE Joins SWIFT Network, in Push for International Financial Credibility

The Zimbabwe Stock Exchange Holdings Limited (ZSE Holdings) has joined the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network a globally recognised platform for secure financi

Jul 09, 2025

Seed Co Reports 93% Revenue Growth in FY25, but Government Debt, Currency Shift Weaken Profits

Seed Co, Zimbabwe’s leading seed company with a robust regional footprint, reported a 52% surge in sales volume for the fiscal year ended March 31, 2025 (FY2025), driven by strong demand in both domes

Jul 09, 2025

Willdale Invests in All-Weather Plant as Losses Rise Fourfold on Low Working Capital

Willdale Limited, Zimbabwe’s sole publicly listed brick manufacturer, is divesting non-core real estate assets to fund a $3.5 million all-weather production facility and modernised brick-making equipm

Jul 09, 2025

Gold, Nickel Pushes Zimbabwe’s Exports to 6-Month Peak: But Import Bill Overshadow Gains

Zimbabwe’s merchandise exports reached a six-month high of USD 727.3 million in May 2025, reflecting a 9.6% month-on-month increase from USD 663.8 million in April 2025, according to Zimstat data. T

Jul 08, 2025

Reclaiming Bread-Basket Status: May Maize Imports Plunge

Zimbabwe’s maize imports plummeted in May 2025, nosediving from a hefty $43 million in April to a mere $31.5 million, a dazzling turnaround sparked by a stellar harvest season that roared to life by J

Jul 07, 2025