Zimbabwe’s stock market has plunged dramatically following the introduction of a new gold-backed currency, the ZiG. The crash comes after a period of significant growth as investors sought shelter from inflation and a collapsing Zimbabwean dollar.
Victor Adetimilehin
Victor Adetimilehin
Victor Adetimilehin, widely known as Vic’Adex, is a celebrated global arts in medicine fellow and a staunch ambassador for religious tolerance. Beyond his institutional affiliations, Victor is an incredibly passionate and award-winning spoken word artiste, most notably recognized for his stirring poem, "men not gods." A fervent supporter of pan-Africanism, he actively champions and bolsters Nigerian creative hubs, fostering an environment of artistic growth and cultural exchange. Victor's dedication to the arts and peace advocacy positions him as a vital influencer in bridging cultural gaps.
-
-
Zimbabwean authorities arrested 65 suspected illegal foreign exchange dealers in the capital Harare. The arrests come as the country’s newly introduced currency, the Zimbabwe Gold (ZiG), faces a significant decline in value on the black market.Â
-
China has offered Zimbabwe a lifeline in its fight against crippling debt by canceling some of its loans and pledging to help find a solution to the country’s wider debt burden. This comes as Zimbabwe struggles with a total external debt of $12.7 billion, with China being its largest non-Paris Club creditor.
-
Zimbabwe’s currency sees unprecedented depreciation in the parallel market, causing alarm at the highest levels of financial governance.
-
Zimbabwe’s 44th Independence Day was marked by food insecurity and anxieties over the new currency, dampening the celebratory mood.Â
-
The former governor of the Reserve Bank of Zimbabwe (RBZ), Gideon Gono, has publicly refuted claims by Zanu PF spokesperson Christopher Mutsvangwa…
-
Zimbabwe’s government is taking a firm stance against black market currency traders, accusing them of manipulating the exchange rate of the country’s…
-
Zimbabwe’s First Lady Auxillia Mnangagwa has withdrawn charges against nine women who were arrested for allegedly booing her at a recent food…
-
Zimbabwe’s burgeoning lithium industry faces uncertainty after a High Court ruling cast doubt on the legality of mining permits issued in the…
-
Zimbabwean President Emmerson Mnangagwa has defended the recent launch of the ZiG, the country’s new gold-backed currency. The move comes amidst public…