Stories

The second batch of gold-backed digital tokens today mopped out $8 billion to increase the tally to $22 billion in just two weeks. According to the Reserve Bank of Zimbabwe…

Zimbabwe Speaker of Parliament Jacob Mudenda yesterday said government ministers who give more than three apologies for failing to attend question time on Wednesdays will be summoned to explain why.…

In a remarkable turn of events, African billionaires who suffered significant losses in 2022 are now on the path to recouping their fortunes. Among them is Strive Masiyiwa, the telecom…

The Reserve Bank of Zimbabwe has announced that only US$15 million will be available for auction next week. The central bank says this is in line with the refinement of…

The world platinum industry expects a shortage of the metal this year – and that is good news for Zimbabwean producers, who are currently expanding operations. There will be a…

The Zimbabwe dollar today fell by $192.26 against the United States dollar to average $1 404.8039 but this is way below the black market rate where the dollar is freely…

The African Development Bank plans to help Zimbabwe raise US$3.5 billion needed to compensate white farmers evicted from their land more than two decades ago, a condition set by the…

Bikita Minerals says it is halting operations for a week to address “administrative concerns”, potentially delaying a US$200 million investment in new capacity at the country’s oldest lithium mine. Mine…

The government has scrapped import licences as well as duty and tax on 11 basic commodities but business is already concerned that the move will stall capacity utilisation which had…

Gold-backed digital tokens which were introduced this week as one of the measures to shore up the local currency mopped out $14 billion with United States dollar purchases amounting to…