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Dairibord US dollar milk sales jump from 39% to 68%
This time last year, 39% of sales at Dairibord were in US dollars. Now, according to the country’s biggest dairy processor, USD sales were up 68% in the first quarter,…
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Zimbabwe black market goes haywire
The Zimbabwe dollar today shed nearly $50 to average $1 070.4171 to the United States dollar but the black market has gone haywire with the swipe rate at $2 300,…
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Is the gold digital token part of Zimbabwe’s de-dollarisation strategy?
Zimbabwe’s de-dollarisation strategy has taken a new turn, as the Reserve Bank of Zimbabwe (RBZ) announced the launch of gold-backed digital tokens on 8 May. This move aims to provide…
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Westprop listing fails dismally, company raises less than US$300 000 against target of US$40 million
A bid by Harare-based property company, Westprop Holdings, to list on the Victoria Falls Stock Exchange, failed dismally when the company raised less than 10% of the amount it was…
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Zimbabwe to introduce gold-backed digital tokens on 8 May
The Reserve Bank of Zimbabwe will introduce gold-backed digital tokens which will serve as both a store of value as well as a means of payment on 8 May. Tokens…
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Why Chamisa is participating in this year’s elections though he says they have already been rigged
Zimbabwe's main opposition leader has insisted that his party is ready to participate in forthcoming elections, despite the rigging and repression he said was already under way to keep President…
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Zimbabwe threatens to hike interest rates to shore up local currency
Zimbabwe Finance Minister Mthuli Ncube says he may raise interest rates again to try and shore up a rapidly depreciating Zimbabwe dollar. The exchange rate has fallen from $705 in…
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Zimbabwe dollar down to $1 021.21 to the US dollar
The Zimbabwe dollar today shed $21.18 to average $1 021.2072 against the United States dollar as the central bank said it would soon be introducing a gold-backed digital currency to…
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Mnangagwa says Mt Darwin proves that any community can host Independence Day celebrations- pays tribute to Joyce Mujuru
Zimbabwe President Emmerson Mangagwa today said the hosting of the country’s 43rd Independence celebrations at Mt Darwin, which he referred to as Mt Pfura, had proved that any community could…
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Zimbabwe not ditching its currency despite increased use of US dollar
Zimbabwe plans to keep its local currency as legal tender, even as the US dollar is now the unit of choice for most transactions in the economy. The extensive use…