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Tag Archives: zimbabwe

Zimbabwe requests to join BRICS New Development Bank

Harare, Zimbabwe | Xinhua | Zimbabwe has applied to join the BRICS New Development Bank (NDB), President Emmerson Mnangagwa has said. The country has submitted a request to join the NDB and expects to have the support of Russia, Mnangagwa was quoted as saying by the state-run Herald newspaper on Friday. …

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Zimbabwean president launches campaign for 2nd term

Harare, Zimbabwe | Xinhua | Zimbabwean President Emmerson Mnangagwa, who is also leader of the ruling ZANU PF party, on Saturday launched his party’s election campaign in preparation for the Aug. 23 elections. Mnangagwa, who came to power in 2017, is seeking a second five-year term as president. Addressing thousands of supporters …

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Zimbabwe set to introduce gold-backed digital currency

Harare, Zimbabwe  | Xinhua | The Reserve Bank of Zimbabwe (RBZ) is set to introduce a gold-backed digital currency to reduce demand for the U.S. dollar as the local currency continues to tumble, the state-run newspaper Sunday Mail reported Sunday. The digital gold tokens, a form of electronic money backed by gold …

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Zimbabwe orders precautionary measures to tackle cyclone Freddy

Harare, Zimbabwe | Xinhua | The Zimbabwean government on Wednesday ordered precautionary measures be implemented due to tropical cyclone Freddy, which is expected to hit the country by the end of this week. The government ordered boarding and day schools in areas on the path of the cyclone to suspend on …

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Zimbabwe launches special fund to boost gold production

Harare, Zimbabwe | Xinhua | Zimbabwean Finance Minister Mthuli Ncube on Wednesday launched a 10-million-U.S.-dollar revolving facility to support value addition and beneficiation by artisanal and small-scale gold miners (ASGM) who account for the bulk of gold produced in the country. Ncube said at a press conference that 5 million dollars will …

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Zimbabwean President hails robust progress made in stabilizing economy

Harare, Zimbabwe | Xinhua | Zimbabwe’s economic activity remains robust, as evidenced by strong foreign currency receipts, Zimbabwean President Emmerson Mnangagwa has said. Writing in his weekly column Sunday in the state-run Sunday Mail newspaper on his reflections on the Reserve Bank’s 2023 Monetary Policy Statement, Mnangagwa said the country’s balance of …

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