News

The Zimbabwe dollar today firmed by nearly $600 against the United States dollar reversing months of its downward trend. It averaged $6 326.5877 up from $6 926.5764 last week. The…

Zimbabwe’s food inflation shot up by a whopping 104% between May and June largely because of the decline in the local currency but non-food inflation rose by only 49.5%. Annual…

George Roach, CEO of Premier African Minerals, was downcast yet defiant in a call with shareholders today, as shares in his London-listed company went into freefall.  The company announced that…

Zimbabwe President Emmerson Mnangagwa yesterday said his Zimbabwe African National Union-Patriotic Front party is unstoppable and will remain in power until kingdom come. Speaking at the launch of his 2023…

In another move to shore up its local currency, Zimbabwe says companies should pay half of the foreign currency portion of their tax obligations in Zimbabwe dollars but warned that…

Strive Masiyiwa, the richest man in Zimbabwe and one of the world’s wealthiest Black businesspeople, has experienced a significant decline in his net worth over the past month, after witnessing…

Zimbabwe is aiming to have a single currency but it is doing so in stages, Reserve Bank of Zimbabwe governor John Mangudya said. “Our vision is to have a mono-currency,…

Invictus Energy may sell a stake in its Zimbabwean oil and gas project if its appraisal drilling campaign confirms commercially viable discoveries, managing director Scott Macmillan says. Invictus last month…

Some of Africa’s top mineral-producing nations are banning the export of raw battery minerals and instead want the metals processed locally as rivalry between China and Western nations over the…