Month: April 2024

Building Collapse in Harare CBD Claims One Life, Injures Six: ZRP Investigates

The Zimbabwe Republic Police (ZRP) has acknowledged the unfortunate incident in Harare Central Business District involving a building collapse, resulting in the loss of life for one individual and injuries sustained by six others. The incident took place on Chinhoyi Street on April 6, 2024, approximately at 3:30 PM amidst a hailstorm. ZRP’s national spokesperson, […]

RBZ Announces Commencement of ZiG Notes and Coins Circulation on April 30th

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 […]

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 […]

Zimbabwe Introduces ZiG Currency Backed by Gold and Foreign Reserves

Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu recently unveiled plans for the introduction of a new currency, ZiG (Zimbabwe Gold), which will be backed by a diverse array of assets including foreign currencies, gold, and other precious metals. During the presentation of the 2024 Monetary Policy Statement (MPS) on April 5, 2024, Mushayavanhu disclosed […]

Heart Stadium Approved to Host Premier Soccer League Matches

ZIFA’s First Instance Board granted approval on Thursday for Prophet Walter Magaya’s Heart Stadium to serve as a venue for Premier Soccer League matches. The 5000-seat stadium is set to welcome its inaugural top-flight league fixture on Saturday as Khama Billiat’s Yadah Stars take on Simba Bhora. Having been inaugurated officially last December by President […]

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