Business News | Market Trends & Financial Updates

RBZ Assures Sufficient Cash Supply

The Reserve Bank of Zimbabwe (RBZ) has announced the completion of printing and minting the new Zimbabwe Gold (ZiG) banknotes and coins, scheduled for introduction into the market next Tuesday. In an exclusive interview with The Sunday Mail, RBZ Governor Dr. John

April 21, 2024

Business·South Africa·Zimbabwe

Old Mutual Granted Banking License by South African Regulator

SOUTH AFRICA | Old Mutual plc, an international investment, savings, insurance, and banking group established in South Africa in 1845 as a mutual insurance company, has received initial approval from the Prudential Authority (PA), the South African financial regulator falling under the

April 19, 2024

Business·Zimbabwe

“Crucify Me” If RBZ Reverts To Excessive Money Printing, Says Mushayavanhu

ZIMBABWE | In a compelling address to business leaders at a Zimbabwe National Chamber of Commerce gathering in Gweru, RBZ Governor John Mushayavanhu passionately calls for the restoration of trust in the nation’s banking system. Recognizing the erosion of confidence over the

April 17, 2024

Business·Zimbabwe

ZESA’s Prepaid Electricity Vending System Offline for Currency Transition

The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has announced that its prepaid electricity vending system is currently offline. This temporary downtime is essential to facilitate the transition from the existing Zimbabwean dollar (ZWL) to the newly introduced currency, ZiG. ZETDC issued

April 6, 2024

BLANKET INVESTMENT Caledonia Mining Corporation has changed its mining strategy to become a multi asset gold producer in Zimbabwe

Business·Zimbabwe

Miner eyes expanded growth in Zimbabwe

Caledonia Mining Corporation, explorer, developer, and miner, has shifted its strategy towards becoming a multi-asset gold producer. Spearheaded by its acquisitions of Motapa Mining Company in November 2022, Bilboes Gold in January 2023, and the Maligreen brownfield operation in the Gweru mining

April 5, 2024

Business·Zimbabwe

POSB Pauses Privatization Plans: Awaits Further Guidance

The People’s Own Savings Bank (POSB) has halted its planned partial privatization as it awaits additional direction from its shareholder. Initially set for completion by the end of 2023, the partial privatization forms part of the government’s broader strategy to reform underperforming

April 4, 2024

Business·Zimbabwe

World Bank Reports Significant Gender Gap In Zimbabwe’s Agricultural Sector

A recent report by the World Bank unveils a striking gender gap in Zimbabwe’s agricultural landscape, with women owning a mere 9% of the country’s commercial cattle. The report, titled “Missing Voices, Missing Potential: The Status of Women in Zimbabwe’s Agricultural sector,”

April 2, 2024

Business·Zimbabwe Politics

Tagwirei Accused of Asset Stripping at Zisco

Despite high expectations surrounding the takeover of the Zimbabwe Iron and Steel Company (Zisco) by Kuvimba Mining House, the fortunes of the steelmaker remain unchanged amid allegations of extensive asset stripping by a firm associated with businessman Kudakwashe Tagwirei. Reports indicate that

April 1, 2024

Business·Zimbabwe

Kenya’s President to Inaugurate Zimbabwe International Trade Fair in a Showcase of Innovation

The upcoming Zimbabwe International Trade Fair (ZITF), set to take place from April 23 to 27, 2024, in Bulawayo, will be graced by the presence of His Excellency Dr. William Ruto, the President of the Republic of Kenya, who is confirmed to

March 27, 2024

Zimbabwean Growers Worried About Price Fixing

Business

Zimbabwe Tobacco Growers Raise Concerns Over Low Auction Prices Amid Suspected Buyer Collusion

In a significant development that has caught the attention of the agricultural sector in Zimbabwe, tobacco growers have expressed serious concerns over the prevailing prices of tobacco leaves at the auction floors. According to a report by NewsDay, the prices have been

March 25, 2024

Business - Page 2

RBZ Assures Sufficient Cash Supply

Old Mutual Granted Banking License by South African Regulator

“Crucify Me” If RBZ Reverts To Excessive Money Printing, Says Mushayavanhu

ZESA’s Prepaid Electricity Vending System Offline for Currency Transition

Miner eyes expanded growth in Zimbabwe

POSB Pauses Privatization Plans: Awaits Further Guidance

World Bank Reports Significant Gender Gap In Zimbabwe’s Agricultural Sector

Tagwirei Accused of Asset Stripping at Zisco

Kenya’s President to Inaugurate Zimbabwe International Trade Fair in a Showcase of Innovation

Zimbabwe Tobacco Growers Raise Concerns Over Low Auction Prices Amid Suspected Buyer Collusion

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