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A service for FOREX trading professionals · Wednesday, June 18, 2025 · 823,281,012 Articles · 3+ Million Readers
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Zimbabwe FOREX Trading Newswire

  • Published on 06:55 GMT

    ‘Zimbabwe gold-backed currency stable’ but investor doubts persist

    The Reserve Bank of Zimbabwe on Monday kept its benchmark rate unchanged at 35%, citing a stable exchange rate as one of the reasons, and reported total reserves of $701 million. The bank said the portion of transactions carried out using the Zimbabwe Gold …

    Source: New Zimbabwe - Neutral
  • Published on Jun 17, 2025

    Zimbabwe’s gold-backed currency fails to win over investors

    Harare — Zimbabwe’s gold-backed currency now has more than 100% reserve cover and is stable, according to the central bank, but doubts over its credibility remain, underscored by a persistent premium in the parallel market. The Reserve Bank of Zimbabwe on …

    Source: BusinessLIVE - Pending
  • Published on Jun 17, 2025

    The Military, Kudakwashe ‘Joseph’ Tagwirei and Power Politics in Zimbabwe!

    DEAR READER, it was on the 13th of May 2018 that Phineas Tagwirei, “father” to Kudakwashe Tagwirei a Zimbabwean tycoon with an avalanche of ‘’business’’ interests quietly breathed his last at the trauma center in the plushy suburb of Borrowdale in the …

    Source: Nehanda Radio - Neutral
  • Published on Jun 16, 2025

    Zimbabwe's RTG reports sharp rebound in foreign tourist arrivals

    Zimbabwe's largest hotel operator, Rainbow Tourism Group (RTG), has reported a strong rebound in foreign guest arrivals, signaling a wider recovery in the region's hospitality sector as international travel surpasses pre-pandemic levels. RTG Chief …

    Source: Bulawayo 24 News - Neutral
  • Published on Jun 16, 2025

    Zimbabwe govt squeezes miners for more forex

     Zimbabwe's mining industry is facing increased strain as government departments intensify demands for miners to pay taxes and fees in foreign currency-on top of the mandatory 30% surrender of export earnings-further squeezing the sector's already …

    Source: Bulawayo 24 News - Neutral
  • Published on Jun 17, 2025

    China’s clever trade deal with Africa – removal of tariffs on most goods

    While the US is alienating other countries with high import tariffs, China is making friends in Africa by scrapping most import tariffs. While the rest of the world is sidetracked with the unrest in the Middle East and US President Donald Trump’s on-again, …

    Source: The Citizen (South Africa) - Center-right
  • Published on Jun 13, 2025

    Govt squeezes miners for more forex

    Zimbabwe’s mining industry badly needs significant capital injection, with the gold sector alone needing US$1 billion in capex, according to the Chamber of Mines of Zimbabwe (CoMZ). GOVERNMENT departments are intensifying demands for miners to pay taxes …

    Source: The Standard - Pending
  • Published on Jun 16, 2025

    Here are African banks with the most tier-1 capital in 2024

    A new ranking of Africa’s top banks by Tier-1 capital for 2024 has spotlighted a clear hierarchy, with South African, Egyptian, and Moroccan banks leading the charge, while Nigerian banks strive to retain their footing amid currency pressures. According to …

    Source: Business Day - Neutral
  • Published on Jun 13, 2025

    Even The Best-Funded Military in Africa Only Has 3% of the US Budget

    Key Points Countries like Egypt, Algeria, and South Africa have some of the largest military budgets on the African continent The military budgets of all African countries does not amount to what the US spends on its military annually Despite this, a few …

    Source: 24/7 Wall St. - Pending
  • Published on Feb 16, 2024

    IMF: Zimbabwe economy shows resilience

    Zimbabwe's economy has shown remarkable resilience amidst currency instability and soaring inflation, according to the latest assessment by the International Monetary Fund (IMF). The IMF recently concluded an Article 4 mission to Zimbabwe, highlighting …

    Source: CNBC Africa - Neutral
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