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On September 25, 2024, Zimbabwe and Namibia announced significant wildlife culling due to severe drought-induced food shortages affecting millions. Zimbabwe will cull elephants for the first time in decades, while …
Drought-Induced Wildlife Culling in Zimbabwe and Namibia: A Dire Response to Food Insecurity Read More
Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), has drastically declined in value just five months after its introduction, losing value for 20 trading days and selling at a steep discount …
Market Turmoil: Zimbabwe’s Currency Challenges Following the Introduction of the ZiG Read More
Zimbabwe’s gold-backed currency, the Zimbabwe Gold (ZiG), is grappling with a lack of public confidence as illegal money-changing operations thrive due to struggles in accessing this currency. With inflation rising …
Zimbabwe’s Gold-Backed Currency Faces Confidence Crisis Read More
Zimbabwean retailers are warning that the official exchange rate for the Zimbabwe Gold (ZiG) is leading them toward financial ruination due to an 80% devaluation in the black market. Formal …
Harare Retailers Warn of ZiG’s Economic Threats Amid Devaluation Crisis Read More
Top retailers in Zimbabwe are warning that enforced use of an official exchange rate, considered overvalued, could result in store closures. The Zimbabwe Gold (ZiG) currency has lost significant value …
Zimbabwean Retailers Warn of Potential Store Closures Due to Exchange Rate Pressures Read More
Chinese mining firms, Zhejiang Huayou Cobalt Co. and Tsingshan Holding Group Co., are advancing a lithium mining project in Zimbabwe in partnership with a state-owned company. Despite a substantial drop …
Chinese Mining Companies Collaborate with Zimbabwe on Lithium Project Read More
Lithuania has controversially donated 17 fire engines, initially purchased by Zimbabwe, to Ukraine after impounding them during transit. This has triggered outrage among political analysts who argue that the move …
Lithuania’s Donation of Fire Engines to Ukraine Sparks Outrage Over Sovereignty Issues Read More
Key Zimbabwean retailers are warning of imminent store closures due to unfavorable government exchange rate policies. The mandated official exchange rate of 14.8 ZiG to $1 has inflated prices, while …
Zimbabwe Retail Sector Under Threat as Currency Crisis Intensifies Read More
Chinese mining companies Zhejiang Huayou Cobalt and Tsingshan Holding Group are collaborating with a Zimbabwean state-owned company to develop a lithium mine in Sandawana, despite a significant slump in lithium …
Chinese Companies Collaborate with Zimbabwe on Lithium Mining Venture Despite Market Decline Read More
The government of Zimbabwe faces mounting pressure to abandon its “command” exchange rate for the Zimbabwe Gold (ZiG) currency, which is causing significant currency distortions that threaten retail operations. Economists …
Zimbabwe Urged to Abandon Command Exchange Rate for Economic Stability Read More