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Zim mining takes hit amid falling global metal prices

A steady decline in prices of key metals such as lithium and platinum group of metals since early 2022, fuelled by slowing economic activities in China and other advanced economies, is threatening the profitability and viability of local mining projects, Business Weekly can reveal. By Martin Kadzere So distressing is the situation to the extent… ....

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Zim courts Afreximbank over gold buying facility

Zimbabwe has reportedly initiated engagements with some regional financial institutions to mobilise funding to purchase large stocks of bullion it needs to back its currency to curb chronic inflation and ensure durable stability, Business Weekly can reveal. Multiple sources at the Reserve Bank of Zimbabwe (RBZ) and the Ministry of Finance, Economic Development and Investment… ....

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Agriculture remains key Income source for Zimbabwe despite challenges: ZimStat survey

The Leading Family Newspaper in Zimbabwe ....

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Continued rise in food prices impoverishes 50 percent of consumers

Putting food on the table is becoming increasingly difficult for Zimbabweans, with a staggering 56 percent of households reporting an unsustainable spike in the prices of essential commodities, according to the Zimbabwe National Statistics Agency (Zimstats). This alarming figure, highlighted in a high-frequency telephone survey of households namely Rapid Poverty Income Consumption and Expenditure Survey… ....

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Zim dollar's woeful performance leave banks jittery – The Zimbabwe Mail

Income from banks’ core businesses has plummeted as banks adopt a more cautious approach in lending given the volatility of the local currency, a latest report shows. According to the Reserve Bank of Zimbabwe’s latest quarterly report ended September, 30, 2023, funded income constituted only 10 percent of the sector’s revenue. The figure is considerably… ....

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