HARARE – The Reserve Bank of Zimbabwe (RBZ) has suspended its controversial 10% local currency retention requirement for small-scale gold miners, reverting to 100% US dollar payments following strong resistance from the sector. The policy reversal comes less than a month after the central bank introduced a 90:10 payment framework on February 27, requiring artisanal miners to receive a portion of their gold proceeds in Zimbabwe Gold (ZiG).

HARARE, ZIMBABWE – Zimbabwe is accelerating development of the Muzarabani oil and gas project as part of efforts to reduce reliance on imported fuel, stabilise local supply, and shield the economy from volatile global energy prices driven by Middle East tensions. The project, located in the Cabora Bassa Basin, is now the country’s most advanced hydrocarbon exploration initiative, according to government officials.