Search results for 'forex'
Zimbabwe
Smoke and Mirrors? ZiG Strengthens for Third Consecutive Day, Takes in 9% Gains
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
Nov 06, 2024
Zimbabwe
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
Zimbabwe's Gold Production Decline in February: Sectoral Challenges, Rainfall Impacts
Zimbabwe's gold deliveries declined by 17.7% month-on-month in February 2024, falling to 2.56 tonnes from 3.1 tonnes in January. This marks the lowest monthly output in over six months since June 2024
Mar 06, 2025
Zimbabwe
Zimbabwe’s Gold Export Earnings Sink for 3 Consecutive Months Despite Soaring Price Records
Zimbabwe’s gold export earnings have inexplicably plunged for three consecutive months slipping from a record high of US$361.1 million in November 2024 to US$291.8 million in December, US$291.4 milli
Apr 01, 2025
Companies
Forex Surrender Rules Slash Proplastics’ Export Share to 4% in FY'24 , Profit More Than Doubles
Proplastics, a leading Zimbabwean plastic pipe manufacturer, reported a profitable FY2024, with profit after tax surging to USD1.2 million from USD520 thousand, according to its latest financial res
Apr 09, 2025
Zimbabwe
VFEX Achieves Record Turnover in Q1 2025, Driven by Local Investor Confidence
The Victoria Falls Stock Exchange (VFEX) posted a remarkable Q1 2025, driven by local investors who powered a record-breaking turnover of $58.5 million and a historic daily high of $40.1 million on Fe
Apr 15, 2025
Zimbabwe
Weekly Currency Market Analysis: Monetary Discipline Anchors ZiG Stability Post-2024 Devaluation
he Zimbabwe Gold (ZiG), backed by reserves estimated at USD 900 million by the Reserve Bank of Zimbabwe (RBZ), has maintained a stable exchange rate, marking over a year of resilience since the Septem
Oct 20, 2025
Zimbabwe
What Zimbabwe's Record 46 tonnes Gold Breakthrough Really Means, and Road Ahead
Zimbabwe's gold production reached a historic milestone in 2025, with a total output of 46.7 tonnes. This figure exceeded the government's target of 40 tonnes and Fidelity's projection of 45 tonnes, w
Jan 14, 2026
Zimbabwe
Nickel Matte Collapse and a Halving Trade Surplus: What Zimbabwe's January Trade Numbers Really Tell Us
Zimbabwe's goods trade surplus fell by 52.6% in January 2026, dropping from US$240.1 million in December 2025 to US$113.7 million, the sharpest monthly deterioration in the trade balance in recent mem
Feb 26, 2026
Top Stories
A Turning Point for Zimbabwe’s Fertiliser Sector: Inside Broxmen’s US$500 Million Investment
hinese investor Broxmen Industrial Park, also known as Broxmen Investments and operator of the Sunny Yifeng tile manufacturing plant in Norton, is set to invest US$500 million in the development of a
7 hours agoZimbabwe Raises Minimum Wage by 80% as ZiG Delivers First Credible Local-Currency Wage Floor Since Dollarisation
Zimbabwe has approved a review of minimum wages and related conditions of employment for domestic workers and workers in unclassified operations, acting on recommendations from the tripartite Wages an
15 hours agoZimbabwe Still Outpaces Sub-Saharan Africa’s Average Despite World Bank Growth Downgrade
The World Bank's June 2026 Global Economic Prospects report has placed Zimbabwe's 2026 GDP growth at 4.6%, a downward revision from the 5% projected in its January 2026 edition, with a further easing
17 hours agoCheaper Credit, Tight Money: RBZ Cuts Productive Sector Credit Rate, Keeps Liquidity Brakes On
Zimbabwe’s Apex Bank, Reserve Bank of Zimbabwe has reduced the Targeted Finance Facility rate from 20% to 15% with a cap on banks' on-lending to productive sectors at an all-inclusive rate of 25%, an
20 hours agoWhat to Read From Latest Gold Data: Deliveries Hit 2026 High as Zimbabwe’s 50-Tonne Target Faces Second-Half Test
Gold deliveries to Fidelity Gold Refinery have reached 3,951 kilograms in May 2026, the highest monthly figure recorded in Zimbabwe so far this year and an 18.8% advance from April's 3,325 kilograms.
22 hours ago
