Stories

A consortium of a Zimbabwean businessman, a South African billionaire and a Pakistani sugar producer is now in charge of Zimbabwe’s largest sugar producer. Tongaat Hulett, which runs the Hippo…

I am not an economist but simple logic begs me to ask whether United States economist Steve Hanke is correct to say that the Zimbabwe dollar is the weakest currency…

Nelson Chamisa, a charismatic leader in Zimbabwe’s opposition politics, has been facing a storm of criticism over his leadership style within the Citizens Coalition for Change (CCC). Initially, Chamisa carved…

Zimbabwe President Emmerson Mnangagwa has a lot of work to do to convince Zimbabweans to have confidence in the local currency again, a local economist and member of the Reserve…

British oil company BP claimed to have exported a consignment of diesel to Zimbabwe in 2019 – but the fuel never arrived. A case brought by the South African Revenue…

Nearly 500 businesses benefited from the foreign currency auction system in December getting US$16.7 million. A total of US$685.4 million was paid out with the bulk, US$651 million coming from…

Foreign currency obtained from the auction, introduced in June 2020 to revive the productive sector, last year accounted for only 8% of the US$9.3 billion that was paid out. The…

Zimbabwe has been ranked as the 5th country with the most expensive fuel in Africa according to a list compiled by GlobalPetrolPrices.com for 8 January 2024. Central African Republic tops…

The Reserve Bank of Zimbabwe has allowed the Zimbabwe dollar to fall sharply by 21% this week, a drop that leaves the currency 91% weaker than it was this time…

Zimbabwe business magnate John Moxon recorded a notable surge in the market value of his stake in Meikles Limited, increasing by nearly US$100 million in 2023 thanks to the sustained…