Tag: Gold

Zimbabwe completes gold mining probe

Following a string of allegations about illegal gold mining mafias generating millions of dollars in lost revenue, the Government of Zimbabwe launched an investigation in early August whose results should be made public in the coming weeks. According to the Deputy Minister of Mines and Mining Development, Fred Moyo, the […]

Zimbabwe has relied on 'bond notes' since economic mismanagement rendered its own currency worthless

Alarm as government mulls Z$ return

There is widespread panic among both businesses and ordinary Zimbabweans alike, after President Robert Mugabe’s ever-floundering government ill-advisedly announced last Tuesday that it was working on “a plan” to use gold reserves to anchor the reintroduction of the much-derided Zim dollar. The poorly-conceived announcement came as the country is battling […]