inflation

Zimbabwe’s central bank has significantly bolstered its foreign exchange reserves, providing a much-needed buffer for the country’s recently introduced currency, the Zimbabwe Gold (ZiG). This increase in reserves aims to address concerns about stability and confidence in the new currency.

Tongaat Hullets, a leading Zimbabwean agri-processing company, is facing financial difficulties after blaming the country’s recent fiscal measures for a decline in profits. The company claims government policies, including suspended import duties on sugar and increased corporate taxes, have significantly impacted its business operations. Despite reporting a net monetary gain, this figure is attributed to inflation adjustments and masks an underlying operating loss. Tongaat Hullets is committed to navigating these challenges but acknowledges the complex economic environment in Zimbabwe.

Zimbabwe’s economy faces yet another severe blow as the country’s annual inflation rate skyrockets to a staggering 575%. The latest data from…

Zimbabweans are expressing growing frustration and disappointment as resistance mounts against the introduction of the country’s new currency, the Zimbabwean Investment Guarantee…

Zimbabwe’s Finance Minister, Mthuli Ncube, has announced a swift response to curb black market activity targeting the country’s newly introduced gold-backed currency,…

President Emmerson Mnangagwa appointed John Mushayavanhu as the new governor of Zimbabwe’s central bank, tasked with tackling the nation’s economic challenges. Mushayavanhu,…

Zimbabweans may have to brace for higher prices of sugar and other products, as the government’s sugar tax takes effect. Finance Minister…

Zimbabwe is facing a severe economic crisis, with the highest inflation rate in the world at 1,397% per year, according to a…

Zimbabwe is working on a new plan to stabilize its local currency and curb inflation, which has been soaring above 300% for…