Search results for 'currency devaluation'
Zimbabwe
Gold Exports Plummets Amid Mounting Forex, Currency Crises

Zimbabwe's gold exports decreased from 23.6 kilograms in March to 20.8 kilograms in April according to the latest data released by ZIMSTAT. This marks a continued decline in gold's dominance as the co

May 30, 2024
Zimbabwe
ZiG's Harrowing Dance with Devaluation: Exposing Cracks in Currency Reserves

The embattled ZiG, a currency embroiled in a fierce battle for survival, has found itself in a perilous state, trading at an alarming rate of 13.7689 against the mighty U.S. dollar on July 24th, 2024

Jul 25, 2024
Zimbabwe
Exports Trade Mix: Gold Lose Lustre, Nickel Mattes Gain Ground

Zimbabwe's gold exports for June 2024 remained the top export, but fell to 30.5% according to data released by the country's statistics agency, ZIMSTAT. This is down from a higher of 42.8% in May, a

Jul 29, 2024
Zimbabwe
From Promise to Precipice: Gvt Finally Devalues ZiG

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

Sep 27, 2024
Zimbabwe
John's Curse 2:ZiG Drops to ZiG26, PMR Hits 40, Gold-Backed No More?

Zimbabwe's local currency, Zimbabwe Gold (ZiG), has taken a worrying plunge to ZiG26.0692 against the US dollar, continuing its downward spiral. Last week, it traded at ZiG25.3578 on October 4, 2024,

Oct 10, 2024
Zimbabwe
ZiG Transaction Limits Get a Boost, But Will It Be Enough?

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

Nov 02, 2024
Zimbabwe
ZiG Continues Downward Trend as November Opens

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

Nov 04, 2024
Companies
Omni-Channel Platform Fuels 80% Revenue Growth for EcoCash Holdings

EcoCash Holdings has reported an 80% increase in revenue for the quarter ended 30 November 2024 from a decline of ZWG 5 billion in the six months ended 31 August 2024 due to improved operational effic

Jan 14, 2025
Zimbabwe
2024 Gold Production: A Milestone Achieved, But Can Zimbabwe Double Down?

In 2024, Zimbabwe not only achieved but exceeded its gold production target, reaching an impressive 36.48 tonnes, surpassing the initial goal of 35 tonnes. This milestone marks a historic high for the

Feb 04, 2025
Zimbabwe
ZiG Weekly Review: Slides to 26.67, Worst Performance Since January, but PMR Gap Narrows

The Zimbabwe Gold (ZiG) has demonstrated sustained depreciation against the United States Dollar (USD), recording an exchange rate of 26.6749 on 17 March 2025, extending a loss-making streak observed

Mar 17, 2025
Zimbabwe
Deceptive Strength: ZiG’s Stability Masks Growing Arrears Crisis

In the week to 25 August 2025, the Zimbabwe Gold (ZiG) exhibited remarkable stability, experiencing a marginal depreciation of 0.02%, moving from an exchange rate of 26.7683 on August 19, 2025, to 26.

Aug 25, 2025

Top Stories

Government Approves Private Players in Electricity Retail and Distribution

The Zimbabwe Energy Regulatory Authority (ZERA) and the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) are working on modalities to allow private companies to sell and distribute e

7 hours ago

The IMF’s Rosy Projections for Zimbabwe: A Facade of Stability?

he International Monetary Fund’s (IMF) latest economic projections for Zimbabwe, as outlined in its October 2025 Regional Economic Outlook for Sub-Saharan Africa, paint an ostensibly bright picture fo

16 hours ago

Zimbabwe Reverses Maize Import Ban After a ‘’Fictitious’’ Bumper Harvest Claim

Zimbabwe has reversed its maize import ban just two months after imposing it, a move prompted by a sharp downward revision in the country’s 2024/25 harvest forecast and growing concerns over food secu

Oct 24, 2025

Gold Falls in Biggest Slump Since 2019 as Trade Tensions Ease

Gold bullion prices plummeted by 6.3% on October 22, 2025, dropping from $4,381 to $4,082 per ounce, marking the steepest single-day decline since 2019 and halting a torrid rally that had driven the m

Oct 22, 2025

Zimbabwe’s Anti-Corruption Drive Under President Mnangagwa: Progress, Setbacks, Persistent Challenges

President  Emmerson Mnangagwa took office in November 2017 after the late President Robert Mugabe’s resignation, pledging decisive action against corruption. In his 2018 State of the Nation Address, h

Oct 21, 2025

ZANU PF's People's Conference Resolutions: Economic Implications of Key Reforms

On October 18, 2025, the ZANU PF Annual National People's Conference in Mutare concluded with a series of resolutions aimed at accelerating Zimbabwe's Vision 2030 agenda of achieving upper-middle-inc

Oct 21, 2025

Zimbabwe to Start Producing Lithium Sulphate in 2026

Zimbabwe, Africa’s largest lithium producer, is set to enter the global lithium sulphate market with the first production from the newly completed US$400 million plant at Prospect Lithium Mine in Goro

Oct 21, 2025

No Papers, No Care? Reimagining Healthcare Access for Zimbabweans in South Africa

In the bustling streets of Johannesburg's Hillbrow district, 28-year-old Tendai, a Zimbabwean migrant, found herself turned away from a public clinic despite being pregnant and in need of urgent care.

Oct 20, 2025