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Search results: Reserve Bank of Zimbabwe (RBZ)
Zimbabwe Posts Record US$16bn in Forex Inflows as Mining Drives Exports
Zimbabwe generated its highest foreign currency earnings since independence after raking in more than US$16 billion in 2025, with mining once again anchoring the country’s export performance, Mining Zimbabwe can report.
By Ryan Chigoche
The milestone reflects a...
IMF Projects Zimbabwe Rebound to 6%, Warns Golden Boom Masks Deeper Economic Cracks
The International Monetary Fund (IMF) has projected Zimbabwe's economy will rebound to 6 percent growth this year, but warns that the recovery, powered by record-high gold prices, is shielding the nation from its unresolved and deep-seated...
Zimbabwe Gold Exports Hit US$487 Million in July 2025
Zimbabwe’s gold sector recorded a strong performance in July 2025, with export earnings jumping past US$400 million to reach US$487 million, Mining Zimbabwe can report.
By Ryan Chigoche
This marks a 172% increase compared to the US$179 million...
Zimbabwe’s Gold Export Earnings Surge to US$1.84 Billion in First Half of 2025
Zimbabwe’s gold sector is enjoying a period of exceptional growth, with export earnings in the first half of 2025 soaring to US$1.84 billion—more than double the US$870 million recorded during the same period in 2024.
By Ryan...
Blanket Mine Solar Handover Marks Shift in Zimbabwe’s Mining Energy Model
In a landmark transaction that signals a deepening shift toward cleaner, decentralised power in Zimbabwe’s extractive industries, Caledonia Mining Corporation has formally handed over its 13.9MW solar photovoltaic plant at Blanket Mine to CrossBoundary Energy under...
Vast Resources Finally Reclaims Historic Diamond Parcel After 15 Years, Eyes Zimbabwe Expansion
London Stock Exchange-listed diamond mining company Vast Resources Plc has officially regained control of its historic diamond parcel in Zimbabwe after a prolonged 15-year dispute. The long-awaited inspection of the sealed security boxes confirmed that the...
ZiG Faces Challenges Despite 90% Gold Reserves Boost
Zimbabwe's ambitious attempt to stabilize its economy using gold reserves and the Zimbabwean gold-backed currency (ZiG) is facing significant challenges, despite assurances from the Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mushayavanhu, that gold would...
Zimbabwe Mining in 2024 – a quick overview
The mining sector remains the backbone of Zimbabwe's economy, contributing significantly to GDP and export revenues.By Rudairo MapurangaIn 2024, the Zimbabwe mining sector solidified its position as the most crucial industry, accounting for approximately 12% of...
RBZ implored to shore up gold reserves as the current 2.5 tonnes insufficient to fully back ZWG currency
In order to fully support the recently devalued Zimbabwe Gold ( ZWG) currency analysts have implored the authorities to shore up the reserves as the current gold reserves of 2.5 tonnes are not sufficient to fully back the...
Policy Inconsistency Bad for Mining Investments in Zimbabwe
Zimbabwe’s mining sector is a critical contributor to the country's economy, with the government pushing to ensure the sector contributes significantly towards the achievement of Vision 2030, where Zimbabwe is expected to become an upper-middle-income economy...
Over 55 Tonnes Produced by ASM in Zimbabwe Not Declared?
A report by SWISSAID, titled "On the Trail of African Gold: Quantifying Production and Trade to Combat Illicit Flows," suggests that over 55 tonnes of gold produced by Artisanal and Small-scale Miners (ASM) in 2022 in...
Zim has 2.5 tonnes of gold reserves
Zimbabwe has a total of 2.5 tonnes of gold reserves ahead of the launch of the country's new currency, which will be backed by the nation's gold reserves.President Emmerson Mnangagwa yesterday toured the Reserve Bank of...
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