Zimbabwe said it was returning a number of foreign-owned farms that were seized during a violent land grab more than 25 years ago and pay compensation of $146 million.
Zimbabwe said it was returning a number of foreign-owned farms that were seized during a violent land grab more than 25 years ago and pay compensation of $146 million.
A police officer, right, at a farm of an expelled farmer, north of Harare, Zimbabwe, in April 2000.
Zimbabwe’s currency is undervalued by almost half, the governor of the central bank said, pointing to the foreign reserves and gold that back the unit.
Zimbabwe’s currency is undervalued by almost half, the governor of the central bank said, pointing to the foreign reserves and gold that back the unit.
A twenty ZiG banknote Photographer: Cynthia R Matonhodze/Bloomberg
Zimbabwe’s dollar-denominated stock exchange has eclipsed the country’s 132-year-old main bourse, propelled by the biggest listing in the nation’s history.
Zimbabwe’s dollar-denominated stock exchange has eclipsed the country’s 132-year-old main bourse, propelled by the biggest listing in the nation’s history.
The Reserve Bank of Zimbabwe held interest rates at 35% on Tuesday to prevent the fallout from the Iran war from spilling into inflation.
The Reserve Bank of Zimbabwe tower, center, stands in Harare, Zimbabwe, on Wednesday, Dec. 27, 2017. Zimbabwean President Emmerson Mnangagwa said his new administration will woo investors and embark on an “all-out business initiative” to revive an economy that has halved since 2000 and provides jobs for just one in 10 Zimbabweans.
RioZim Ltd., a former unit of Rio Tinto Group, lost its operating license in Zimbabwe after the miner failed to develop a 2,800 megawatt coal-fired power plant.
RioZim Ltd., a former unit of Rio Tinto Group, lost its operating license in Zimbabwe after the miner failed to develop a 2,800 megawatt coal-fired power plant.
Zimbabwe is seeking investors to partner with it in a satellite project that will bolster telecommunications connectivity, Finance Minister Mthuli Ncube said.
Zimbabwe is seeking investors to partner with it in a satellite project that will bolster telecommunications connectivity, Finance Minister Mthuli Ncube said.
Zimbabwe is taking steps to clear the $23 billion it owes multilateral institutions, as talks with lenders progress well, President Emmerson Mnangagwa said.
Zimbabwe is taking steps to clear the $23 billion it owes multilateral institutions, as talks with lenders progress well, President Emmerson Mnangagwa said.
Street vendors at the bus terminus in the central business district of Harare, Zimbabwe, on Wednesday, July 5, 2023. Consumer prices are climbing at an annual pace of over 100%, sparking jitters in a nation where the scars of hyperinflation run deep.
Zimbabwe is taking steps to clear the $23 billion it owes multilateral institutions, as talks with lenders progress well, President Emmerson Mnangagwa said.
Zimbabwe is taking steps to clear the $23 billion it owes multilateral institutions, as talks with lenders progress well, President Emmerson Mnangagwa said.
Street vendors at the bus terminus in the central business district of Harare, Zimbabwe, on Wednesday, July 5, 2023. Consumer prices are climbing at an annual pace of over 100%, sparking jitters in a nation where the scars of hyperinflation run deep.
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John Mushayavanhu, governor of Zimbabwe's central bank, anounces a new currency unit called ZiG during a news conference in Harare, Zimbabwe, on Friday, April 5, 2024. Zimbabwe, in its latest bid to end the serial collapse of the local dollar, has replaced it with a new unit called ZiG, which will be backed by a basket of foreign currencies, gold and other precious metals.
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John Mushayavanhu, governor of Zimbabwe's central bank, anounces a new currency unit called ZiG during a news conference in Harare, Zimbabwe, on Friday, April 5, 2024. Zimbabwe, in its latest bid to end the serial collapse of the local dollar, has replaced it with a new unit called ZiG, which will be backed by a basket of foreign currencies, gold and other precious metals.
Zimbabwe expects to produce more than 360 million kilograms (793 million pounds) of tobacco this year, surpassing a 2025 record of 355 million kilograms, the agriculture ministry said.
Zimbabwe expects to produce more than 360 million kilograms (793 million pounds) of tobacco this year, surpassing a 2025 record of 355 million kilograms, the agriculture ministry said.
Workers load tobacco bales at the Tobacco Sales Floors in Harare.
Zimbabwe’s annual inflation rate has fallen below 10% for the first time since 1997, a milestone for a nation once synonymous with hyperinflation and trillion-dollar banknotes. The question now is whether the stability can last.
Zimbabwe’s annual inflation rate has fallen below 10% for the first time since 1997, a milestone for a nation once synonymous with hyperinflation and trillion-dollar banknotes. The question now is whether the stability can last.
A one hundred trillion dollar Zimbabwe note issued in 2008.
Zimbabwe’s economy could grow at its fastest pace in 14 years after the nation secured a 10-month staff-monitored program with the International Monetary Fund, its secretary for finance and economic development said.
Zimbabwe’s economy could grow at its fastest pace in 14 years after the nation secured a 10-month staff-monitored program with the International Monetary Fund, its secretary for finance and economic development said.
Street traders in the central business district of Harare, Zimbabwe. Photographer: Cynthia R Matonhodze/Bloomberg
Zimbabwe, after years of talks with the International Monetary Fund, has secured a 10-month staff-monitored program, a crucial step toward clearing billions of dollars in debt arrears.
Zimbabwe, after years of talks with the International Monetary Fund, has secured a 10-month staff-monitored program, a crucial step toward clearing billions of dollars in debt arrears.
Commercial office buildings in the central business district of Harare.
Zimbabwe’s state-owned Mutapa Platinum Group said it has approached other miners to help it develop a $500 million mine in the country.
Workers survey the Portal One area of the Great Dyke Investments Ltd. Darwendale platinum mine project, near Harare, Zimbabwe, on Wednesday, Sept. 16, 2020. The so-called Darwendale project, which lies 65 kilometers (40 miles) from the capital Harare, is central to the Zimbabwean government’s plans to revive its stagnant economy.
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