ZIMBABWE, Africa’s leading lithium producer, is intensifying efforts to refine battery-grade lithium domestically, aiming to strengthen its economy. According to a government official on Monday, four prominent lithium mining companies have presented proposals to commence production of battery-grade lithium within the…
IN a bid to stabilise its newly introduced gold-backed currency, the Zimbabwe Gold (ZiG), Zimbabwean authorities have announced fines for businesses found using inflated exchange rates. Reuters cites a government notice that says any business using an exchange rate higher than the official rate of…
ZIMBABWE’S latest currency, the Zimbabwe Gold (ZiG), has made an impressive debut, marking a 1.1 percent increase against the US dollar within its first week of trading. This development comes amidst heightened global tensions, propelling gold prices upwards and fostering investor…
ON Saturday, major retail shops in Zimbabwe began trading predominantly in United States dollars as financial institutions suspended the use of the outgoing Zimbabwean dollar (ZWL) in anticipation of the new Zimbabwe Gold (ZiG) currency introduced on Friday. At Westgate…
ZIMBABWE unveiled a new currency, ZiG, on Friday in a strategic move to confront the country’s persistent economic challenges marked by currency depreciation and rejection. Reserve Bank of Zimbabwe Governor John Mushayavanhu announced the launch of ZiG, backed by gold reserves and…
ZIMBABWE’S central bank has disclosed a notable gold reserve of 2.5 tons, setting the stage for the introduction of a gold-backed currency amid ongoing economic reforms. The announcement, made on Thursday, underscores the government’s efforts to stabilise the country’s monetary…
IN a bid to capitalize on the recent termination of broader US sanctions on Zimbabwe, businesses in the southern African nation are being urged to actively seek cooperation opportunities with international partners. Zimbabwe’s Minister of Foreign Affairs and International Trade, Frederick…
