Godfrey Marawanyika

Some of Zimbabwe's biggest miners are seeking $182 million to develop 200 megawatts of locally-generated solar power, according to the head of the renewables company responsible for the projects.

Zimbabwe is considering culling elephants for the first time since 1988 and using the meat to feed people who have been affected by a crippling drought, a cabinet minister said.

Zimbabwe plans to tackle rampant gold smuggling by increasing surveillance at mining sites, Mines Minister Winston Chitando said Monday.

Zimbabwe will proceed with its first elephant cull in decades after the southern African nation suffered a severe drought, with plans to target around 200 from its herds of over 100,000.

Zimbabwe’s central bank governor John Mushayavanhu said he will consider using the country’s reserves to protect the bullion-backed currency against severe market disruptions.

Chinese miners Zhejiang Huayou Cobalt Co. and Tsingshan Holding Group Co. are defying low lithium prices to develop a deposit of the battery metal with a Zimbabwean state company.

(Bloomberg) -- Zimbabwe sold its gold-backed currency to banks at 44% less than the prevailing rate against the dollar Friday, according to four treasury dealers, effectively devaluing the unit.

The ZiG, backed by the nation's gold and hard-currency reserves, was adopted in early April, replacing the Zimbabwean dollar, which had lost 80% of its value since the start of the year.

(Bloomberg) -- Zimbabwe raised interest rates and devalued its gold-backed currency by 43%, following persistent weakness in the ZiG amid deep skepticism the nation's latest bid to create a viable local unit would succeed.

Zimbabwe’s biggest food producer said the nation’s new bullion-backed currency will need more support if the country wants to make a success of its sixth attempt at a local unit since 2009.