The Zimbabwe Gold (ZiG), the country’s latest currency initiative, appears to be one of the most ill-fated ventures in recent years, especially when compared to its predecessors: Bond Notes, RTGS, and

Operating a single supermarket in Zimbabwe requires over 25 licenses and permits, making it challenging for businesses to operate. This is despite the mantra, Zimbabwe is open for business. These li

Rising power costs and non-claimable VAT have eroded National Foods' financial gains, highlighting the devastating impact of policy inaction on businesses and low-income households. The company vows t

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

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

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

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,

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 month-on-month inflation has entered the double digit for the first time in ZiG’s history since its introduction in April 2024 according to the latest data released by the nation’s statisti

The Reserve Bank of Zimbabwe (RBZ) has increased transaction limits for Zimbabwe Gold (ZWG) as per its latest circular. This adjustment follows a significant 43% devaluation of the ZWG in the week to

The Zimbabwe Gold (ZiG) has demonstrated a continued suboptimal performance, declining to 28.6829 on November 1, 2024, from 27.44, marking a significant week-on-week decrease. This downturn represent

The Zimbabwe Gold (ZWG) currency has exhibited an appreciation on the formal market, recording its third consecutive gain on November 6, 2024. The currency surged 3% from 26.99 to 26.01, translating

The 2024/2025 agricultural season has commenced, albeit at a measured pace in line with expectations. Zimbabwe is targeting a production goal of 3.3 million metric tonnes for cereals and 819,500 metri

Axia Corporation, a diversified retail conglomerate, reported subdued performance in its regional markets of Malawi and Zambia, characterized by declining revenues and volumes. The company's key perf

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

The year 2024 proved to be exceptionally challenging for both developed and developing nations. Zimbabwe experienced its most severe drought in over four decades, exacerbated by the ongoing geopolitic

Harare- Zimbabwe's trade deficit narrowed in October 2024, despite remaining in the red. According to data from Zimstat, total exports reached US$698 million, representing a 16% year-on-year decline f

Zimbabwe's inflation landscape witnessed a notable shift in November 2024, as the month-on-month inflation rate plummeted to 11.7 percent, representing a substantial 25.5 percentage point decrease fro

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

Choppies is exiting Zimbabwe and has initiated discussions to divest its business, citing the adverse effects of policies that favour informal traders over formal retail operations. The company plans