Zimbabwe’s banks caught off guard by new gold-backed currency

The Zimbabwe Gold officially started trading just days after it was announced it would replace the Zimbabwean dollar, which has tumbled in value over the past year, pushing inflation through the roof. But many in the country were not ready for the switch. Eddie Cross an economist from Zimbabwe says even the banks haven’t been fully able to translate their accounting systems.

Written by: Tonata Kadhila

Banking Systems Currency Replacement economic instability Economic Transition Financial Reform Inflation Crisis Monetary Policy SADC Zimbabwe Gold Zimbabwean Economy

Tourism Board Calls for Informal Market Integration

4 February, 2026

Business / Economics

NIDA owes Keetmanshoop municipality nearly N$4.2 million

By: Hertha Ekandjo The Namibia Industrial Development Agency (NIDA) has confirmed that it owes the Keetmanshoop municipality approximately N$4.2 million in outstanding water and electricity charges as of end of January 2026. NIDA spokesperson, Wessel !Nanuseb, says the outstanding electricity bill currently amounts to N$2.8 million, while water stands at […]

3 February, 2026