Zimbabwe’s gold trade continues to flow steadily through the Middle East despite conflict in the region, the country’s deputy finance minister said.

Zimbabwe’s key gold exports are vulnerable to an escalation in the Middle East conflict, according to a business lobby.

The Reserve Bank of Zimbabwe held interest rates at 35% on Tuesday to prevent the fallout from the Iran war from spilling into inflation.

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 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.

The US is ending its health aid programs in Zimbabwe after Harare withdrew from talks over a bilateral deal with Washington.

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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’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 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, 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’s state-owned Mutapa Platinum Group said it has approached other miners to help it develop a $500 million mine in the country.

Zimbabwe’s High court said Impala Platinum Holdings Ltd.’s local unit is not liable to pay mining royalties of $7.1 million on exports matte and concentrates.

Zimbabwe’s annual inflation rate fell to single digits for the first time since 1997, a development authorities say is essential to adopting the gold-backed ZiG as the country’s sole currency by 2030.

Zimbabweans living abroad sent $2.45 billion back to the southern African nation last year, a 14% increase over 2024.

Zimbabwe remains committed to curbing inflation, but plans to shift the focus of monetary policy to place more emphasis on managing the money supply, the central bank said.

Zambia and Zimbabwe agreed to each contribute $220 million to build the delayed $4.2 billion Batoka Gorge hydropower plant that will supply electricity to both nations.