Zimbabwe’s ZiG weakens to lowest level since launch
Zimbabwe’s gold-backed ZiG currency has weakened to its lowest level against the US dollar since it was launched a month ago. The currency is trading at 13.67 to the dollar, … Read More
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ZSE receives qualified audit opinion due to valuation issues
The Zimbabwe Stock Exchange (ZSE) received a qualified opinion from its auditor, Grant Thornton, for its 2023 annual financial statements. A qualified opinion indicates the auditor believes the financials are … Read More
Treasury standardises IMTT for ZiG, US dollar
TREASURY has standardised the intermediated money transfer (IMTT) tax rates on Zimbabwe Gold (ZiG) and US dollar transactions at 2 percent for values up to US$100 or the local currency … Read More
ZIDA unveils major infrastructure projects
ZIMBABWE Investment and Development Agency (ZIDA) has outlined numerous multi-million-dollar infrastructural development projects in the Matabeleland region earmarked for this year spanning across transport, tourism, mining, and housing and are … Read More
Govt introduces fresh tax to keep forex inland
For years, the formal financial institutions’ foreign currency supply has been dwindling despite central bank estimating that there was potentially US$2,5 billion unbanked in the economy.FINANCE minister Mthuli Ncube says … Read More
Liquid Zim prepares firms to leverage cloud services
In an effort to bolster a wider adoption of cloud services for its clients, Liquid Zimbabwe will next week host a Microsoft Copilot webinar to unpack the tool for the … Read More
Bindura Nickel Corporation latest- Shares halted from trading on VFEX
Bindura Nickel Corporation (BNC) shares are no longer trading on the Victoria Falls Stock Exchange Limited as of today, a day after the company was placed under reconstruction yesterday. The … Read More
ZiG can succeed if RBZ, banks adopt DLT
The Zimbabwe Gold (ZiG) has potential to thrive, but there is a need for the apex bank and financial institutions to use cutting-edge technologies like Distributed Ledger Technology (DLT), which … Read More
Gold coins buyers reap rewards as prices soar
Buyers of Zimbabwe’s gold coins, introduced by the Reserve Bank of Zimbabwe (RBZ) in July 2022, have enjoyed significant gains on their investments due to the recent rise in gold … Read More
Zim’s ZiG currency revolution: Navigating financial reporting in a new era
In a bold move to stabilise its economy and foster financial independence, Zimbabwe has introduced a unique approach by adopting gold backed currency called the Zimbabwe Gold (ZiG). The decision … Read More
