News | deVere Zimbabwe

Retailers say use of exchange rate is harming competitiveness

Leading retailers in Zimbabwe have cautioned that they may be forced to shut down stores if the government continues to mandate the use of an official exchange rate they believe is inflated and harming their ability to compete.

posted on 25.09.2024

Zig currency faces challenges 5 months after launch

Five months after its introduction, Zimbabwe's new currency is facing challenges as rising grain imports deplete foreign reserves, jeopardising the government's goal of making it the sole currency in circulation by 2026.

posted on 20.09.2024

Zimbabwe’s mine workers demand urgent cost of living adjustments

The National Employment Council (NEC) for Zimbabwe’s mining industry has received a petition urging immediate cost of living adjustments to miners' salaries.

posted on 17.10.2024

Retailers say use of exchange rate is harming competitiveness

posted on 25.09.2024

Zig currency faces challenges 5 months after launch

posted on 20.09.2024

Business

Miners in Zimbabwe seek $182m for solar power projects

Several major miners in Zimbabwe are pursuing $182 million in funding to build 200 megawatts of solar power within the country, according to the chief of the renewable energy company leading the projects.

posted on 16.09.2024

RBZ injects $190m into FX market since ZiG launch

Zimbabwe’s central bank has pumped $190 million into the foreign-exchange market to satisfy demand for Dollars and uphold economic stability since the launch of a new gold-backed currency.

posted on 05.09.2024

Inflation in Zimbabwe surges in August, first time since ZiG launch

Zimbabwe's monthly inflation rate has reached its highest point since the introduction of the bullion-backed currency.

posted on 27.08.2024

Zimbabwe seeks BRICS membership

Zimbabwe is one of an increasing number of developing nations aiming to join the BRICS alliance to broaden economic partnerships and lessen dependence on the US dollar.

posted on 23.08.2024

Zimbabwe assumes SADC leadership

Zimbabwe has assumed leadership of the SADC Council of Ministers, taking over from Angola, in anticipation of the 44th SADC Summit of Heads of State and Government

posted on 16.08.2024

Zimbabwe to announce roadmap to replace Dollars with ZiG

Zimbabwe’s cabinet has announced the approval of a plan to transition from using US dollars to the new gold-backed currency for transactions, the details of which will be presented by the country's Finance Minister, Mthuli Ncube.

posted on 07.08.2024

New measures unveiled to boost ZiG demand

Zimbabwe’s finance minister Mthuli Ncube has unveiled new strategies to boost the use of the country's gold-backed currency, including the order that government services must be paid in this currency

posted on 26.07.2024

Central bank governor stockpiles gold to boost ZiG

Zimbabwe’s new central bank governor, John Mushayavanhu is increasing the country's gold reserves to bolster the ZiG currency, measures that up to now have contributed to stabilising the exchange rate and curbing inflation.

posted on 18.07.2024

Business

Miners in Zimbabwe seek $182m for solar power projects

posted on 16.09.2024

RBZ injects $190m into FX market since ZiG launch

Zimbabwe’s central bank has pumped $190 million into the foreign-exchange market to satisfy demand for Dollars and uphold economic stability since the launch of a new gold-backed currency.

posted on 05.09.2024

Inflation in Zimbabwe surges in August, first time since ZiG launch

Zimbabwe's monthly inflation rate has reached its highest point since the introduction of the bullion-backed currency.

posted on 27.08.2024

Zimbabwe seeks BRICS membership

Zimbabwe is one of an increasing number of developing nations aiming to join the BRICS alliance to broaden economic partnerships and lessen dependence on the US dollar.

posted on 23.08.2024