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Tag: RESERVE BANK OF ZIMBABWE

Business / Companies

Nampak Sells Majority Stake in Zimbabwean Unit to TSL Amid Economic Hardships

April 11, 2025April 11, 2025 - by Sofia Nawab - Leave a Comment

Nampak has agreed to sell its Zimbabwean unit to TSL for $25 million, contingent on suspensive conditions. The transaction is part of Nampak’s asset disposal strategy amidst challenging economic conditions …

Nampak Sells Majority Stake in Zimbabwean Unit to TSL Amid Economic Hardships Read More
economics

Zimbabwe Roundup: Arrests, Economic Decline, and Human-Crocodile Conflicts

March 13, 2025March 13, 2025 - by Liam Nguyen - Leave a Comment

This article discusses several pressing issues in Zimbabwe, including the arrest of journalist Blessed Mhlanga, the depreciation of the ZiG currency amid inflation, significant job losses following U.S. aid cuts …

Zimbabwe Roundup: Arrests, Economic Decline, and Human-Crocodile Conflicts Read More
Business / economics

Hanke Ranks Zimbabwe’s ZiG Currency Second Worst Globally

March 13, 2025March 13, 2025 - by Sofia Nawab - Leave a Comment

Professor Steve Hanke has ranked Zimbabwe’s ZiG currency as the second worst in the world, having lost 50% of its value against the US dollar due to inflation. The currency, …

Hanke Ranks Zimbabwe’s ZiG Currency Second Worst Globally Read More
Business / Companies / economics

Zimbabwe’s Central Bank Confident in Gold-Backed ZiG Currency

March 10, 2025March 10, 2025 - by Allegra Nguyen - Leave a Comment

The Reserve Bank of Zimbabwe is optimistic about the gold-backed ZiG currency as an alternative to the US dollar, emphasizing its stability and market acceptance. The currency, introduced in April …

Zimbabwe’s Central Bank Confident in Gold-Backed ZiG Currency Read More
Business / Companies / economics

Zimbabwe Central Bank Optimistic About Long-Term Stability of ZiG Currency

March 10, 2025March 10, 2025 - by Allegra Nguyen - Leave a Comment

The Reserve Bank of Zimbabwe is optimistic about the stability of the gold-backed ZiG currency, citing strong monetary policies. Governor Mushayavanhu discussed the need for a shift from the US …

Zimbabwe Central Bank Optimistic About Long-Term Stability of ZiG Currency Read More
Business / Companies / economics

Zimbabwe Faces Liquidity Crisis as U.S. Foreign Aid Halts

March 7, 2025March 7, 2025 - by Liam Nguyen - Leave a Comment

Zimbabwe is experiencing a liquidity crisis due to a reduction in US foreign aid, significantly impacting its financial system that relies on the US dollar. Analysts predict tightening credit conditions, …

Zimbabwe Faces Liquidity Crisis as U.S. Foreign Aid Halts Read More
Business / Companies / economics

Implats Seeks Meeting with Zimbabwe Government to Discuss Forex Retention Rules

February 27, 2025February 27, 2025 - by Liam Nguyen - Leave a Comment

Impala Platinum (Implats) is requesting a meeting with Zimbabwe’s President to discuss new foreign exchange rules that complicate investments in the country. The recent increase in dollar retention by the …

Implats Seeks Meeting with Zimbabwe Government to Discuss Forex Retention Rules Read More
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