IMF Calls Zimbabwe Switch to Gold-Backed ZiG an ‘Important’ Step

(Bloomberg) -- The International Monetary Fund welcomed Zimbabwe’s introduction of a new bullion-backed currency as an important step, in its first substantive comment yet on the...

Zimbabwe’s FBC Holdings Acquires Standard Chartered Unit

(Bloomberg) -- Zimbabwe’s FBC Holdings Ltd. has completed the acquisition of Standard Chartered Plc’s business in...

Zimbabwe Hypes New Gold-Backed Currency in Search for Investment

(Bloomberg) -- Zimbabwe is making a fresh push to lure foreign capital and is using its...

Zimbabwe’s ZiG Weakens to Lowest Level Since Launch

Zimbabwe’s gold-backed ZiG currency has weakened to its lowest level against the US dollar since it...

With ZiG Zimbabwe Expects to Finally Turn Its Back on Inflation

(Bloomberg) -- Zimbabwe’s new gold-backed ZiG currency will banish sky-high inflation that’s hamstrung the economy and...

Zimbabwe’s New Central Banker Vows to Regain Investor Confidence

Zimbabwe’s new central bank governor vowed to restore confidence in the institution that’s repeatedly failed to...

Blame Game and False Hope for a Broken Currency: Next Africa

To buy a loaf of bread in the local currency of Zimbabwe, you need to count...

Zimbabwe Needs $4.4 Billion to Tackle Energy Deficit, World Bank Says

(Bloomberg) -- Zimbabwe needs to spend $4.4 billion on expanding access to electricity if it is...

Zimbabwe Scraps Plan to List $200 Million Bond on Dollar-Only Bourse

(Bloomberg) -- Zimbabwe has scrapped a plan to list a $200 million dollar bond on its...

Zimbabwe Inflation Quickens Two Months After New Price Measure

(Bloomberg) -- Zimbabwe’s annual inflation rate climbed for the first time since the recent adoption of...

Zimbabwe Platinum Miners Ask Government to Defer Export Tax

Zimbabwe platinum miners have asked the government to defer its planned 5% export tax on concentrates,...

Zimbabwe’s Dollar Bourse Plans Commodity, Electricity Exchange

(Bloomberg) -- Zimbabwe’s bourse in the resort city of Victoria Falls plans to start a commodity...

Zimbabwe Seeks Bids for New Sugar Milling Plant to Rival Tongaat

(Bloomberg) -- Zimbabwe has invited bids from local and international investors to set up a new...

Zimbabwe’s Plan to Drop US Dollar in 2025 Seen as Non-Starter

(Bloomberg) -- The US dollar will remain the dominant currency in Zimbabwe even after the government’s...

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