Zimbabwe

Zimbabwe: Mining Giants Seek $182 Million for Solar Projects

3 months ago

Leaders of Zimbabwe's largest mining companies have approached the government for funding of $182 million to implement solar energy projects. These initiatives aim to generate sustainable energy and reduce the country's dependence on traditional energy sources.

Zimbabwe Considers First Elephant Cull in Nearly Four Decades

3 months ago

Zimbabwe is on the brink of becoming the first country in nearly forty years to undertake an elephant cull due to soaring population levels and ongoing conflicts between wild animals and local communities. Officials from the Ministry of Environment have noted that there may arise a necessity to regulate the elephant population to mitigate the consequences of conflicts that are prevalent in rural areas.

Zimbabwe Faces Urgent Need for $1.6 Billion to Revive Crop Production After Drought

3 months ago

Zimbabwe is currently grappling with a significant agricultural crisis, driven by the effects of an extensive drought that has devastated crop yields. As the country strives to recover from this agricultural setback, it has identified an urgent requirement for approximately $1.6 billion. This financial boost is deemed essential to revitalize its crop output, which has suffered dramatically due to the harsh climatic conditions.

Zimbabwe's Central Bank Intervenes in Forex Market Amid Local Currency Slump

3 months ago

The Central Bank of Zimbabwe has announced its intervention in the foreign exchange market due to the sharp decline of the Zimbabwean dollar (ZWL) against the US dollar (USD). These measures have become necessary to stabilize the situation, as the local currency continues to lose value. Currently, the government and financial institutions are taking steps to strengthen the Zimbabwean dollar and combat rising inflation in the country.

Zimbabwe's Inflation Surges for the First Time Since the Introduction of ZWL$

3 months ago

Recently released data showed a significant increase in inflation in Zimbabwe, marking the first occurrence since the introduction of the new Zimbabwean dollar (ZWL$). Initially, analysts expected this event might be a temporary phenomenon; however, economic indicators suggest deeper issues within the economy. Specifically, inflation reached 40.5%, which is up 12.4% compared to the previous month.