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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
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
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
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
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
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
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