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Zimbabwe and Namibia are resorting to culling elephants due to extreme drought conditions that have compromised food security. The unprecedented move follows one of Zimbabwe’s worst droughts in four decades, …
Drought-Induced Food Crisis: Zimbabwe and Namibia’s Controversial Decision to Cull Elephants Read More
The Zimbabwe Gold currency, introduced in April, has faced a significant loss of value, falling 80% against black market rates. Retailers attribute their operational difficulties to the government’s fixed exchange …
Economic Turmoil: The Impact of Zimbabwe’s Gold Currency on Retailers Read More
Zimbabwe is experiencing a crisis of confidence in its gold-backed currency (ZiG), leading to a surge in illegal money changers offering higher exchange rates for dollars. In August, inflation for …
Crisis of Confidence in Zimbabwe’s Gold-Backed Currency Read More
Leading retailers in Zimbabwe are at risk of closure due to the government’s enforced official exchange rate, which does not reflect the realities of the currency’s market value. This discrepancy …
Zimbabwe Retailers Face Closure Risks Amid Currency Crisis Read More
Zimbabwean retailers are warning of severe financial constraints due to the devaluation of the newly established currency, the Zimbabwe Gold (ZiG). The official exchange rate has made it increasingly untenable …
Zimbabwe Retailers Warn of Economic Ruin Due to ZiG Currency Devaluation Read More
Lithuania’s decision to donate 17 fire engines, originally purchased by Zimbabwe, to Ukraine has been met with outrage from Zimbabwean officials and analysts, who argue that it is unlawful and …
Lithuania’s Donation of Zimbabwean Fire Engines to Ukraine Raises Outrage Read More
Chinese mining corporations, including Zhejiang Huayou Cobalt Co. and Tsingshan Holding Group Co., are collaborating with a Zimbabwean state-owned company to develop a lithium deposit at Sandawana. Despite the steep …
Chinese Mining Giants Collaborate with Zimbabwe on Lithium Development Project Read More
Chinese mining giants Zhejiang Huayou Cobalt Co. and Tsingshan Holding Group Co. are partnering with a Zimbabwean state-owned company to develop a lithium deposit in Zimbabwe, conducting feasibility studies to …
Chinese Mining Companies Collaborate with Zimbabwe on Lithium Project Despite Price Decline Read More
Major retailers in Zimbabwe are warning of potential store closures due to an overvalued official exchange rate mandated by the government. The newly launched gold-backed currency, ZiG, has lost significant …
Zimbabwean Retailers Express Concerns Over Potential Store Closures Due to Exchange Rate Read More
Zimbabwe’s government is being urged to abandon the ‘command’ exchange rate for the Zimbabwe Gold (ZiG) currency, as businesses struggle with unsustainable pricing due to currency distortions. Economists advocate for …
Zimbabwe Urged to Overhaul Command Exchange Rate Policy Read More