In Zimbabwe it was believed that if a woman went underground the gold seam would vanish, but above ground women held ...

Zimbabwe launched a new gold-backed currency in April last year, but it was sharply devalued in September and foreign currencies like the U.S. dollar are still used for most local transactions. Since ...

In addition, he said another challenge facing the formal sector is the use of both the U.S. dollar and the local Zimbabwe Gold (ZiG) currency as legal tender, which disproportionately affects ...

In April last year, Zimbabwe launched a new gold-backed currency, Zimbabwe Gold or ZiG, but it has lost around 48% of its value since then and was devalued in late September. Marowa said investors ...

Formal businesses are struggling to survive in an environment where they are only allowed to trade using the volatile Zimbabwe Gold (ZiG) currency. On the other hand, the informal market is a ...

Inflation in Zimbabwe hiked up in January in dollar and local currency terms, rising by 14.6% and 10.5% respectively in a year-on-year comparison. According to independent economist Prosper Chitambara ...

has been fined for breaching environmental regulations at its gold mining operation in Mashonaland East, the Zimbabwe Independent can reveal. Last week, the Independent reported that villagers in ...

HARARE, Jan. 10 (Xinhua) -- Zimbabwe's gold output reached a new record high of 35.38 tonnes in 2022, spurred by new mining projects, timely payments and incentives to miners. The output was 19.5 ...

HARARE – A bombshell investigative report into Zimbabwe’s illicit gold trade has uncovered the latest damning ties between the country’s First Family and a sprawling network of illegal ...

The company’s woes were exacerbated by last year’s currency turmoil, which led to the reintroduction of the Zimbabwe Gold (ZiG) currency in April. Despite some stabilization, the retailer has ...