The Reserve Bank of Zimbabwe (RBZ) has expressed contentment with the advancements achieved in transitioning ZW$ balances into Zimbabwe Gold (ZiG) balances following the declaration of Monetary Policy measures on April 5, 2024. In a release issued on Saturday evening, RBZ Governor John Mushayavanhu conveyed that the conversion initiative will persist for additional sectors until […]
South African National Receives 30-Year Sentence for Kidnapping Zimbabwean Citizen
A South African national, Joachim Ugochukwu Onyeako, has been handed a 30-year jail term for the abduction of a Zimbabwean citizen aimed at securing a ransom. The verdict was delivered by a panel of three justices from the Court of Appeal, comprising Deputy Chief Justice Richard Buteera, Christopher Gashirabake, and Oscar Kihiika. They concluded that […]
African Development Bank Eyes Funding for Caledonia’s $250M Gold Mine in Zimbabwe
The African Development Bank (AfDB) has expressed keen interest in financing Caledonia Mining Corporation’s proposed $250 million gold mine venture in Zimbabwe, as conveyed by the company’s CEO, Mark Learmonth. Reuters reports that Caledonia, already holding ownership of a blanket gold mine in Zimbabwe, is conducting a feasibility study for the establishment of a new […]