Gold Exports Glitter for Zim

Zim Now Reporter

In a significant boost to the economy, Zimbabwe's gold exports have seen a substantial increase in the first two months of 2025, according to the Reserve Bank of Zimbabwe.

The country's gold exports for this period reached US$240.1 million, marking an 8.64 percent increase from the same period in 2024 when exports were valued at approximately US$221 million.

January 2025 saw a particularly strong performance, with gold exports amounting to US$123.1 million.

However, a slight decline was observed in February, with exports totaling US$117 million.

Gold continues to be Zimbabwe's largest export commodity, playing a crucial role in generating foreign currency.

In 2024, the sector contributed a substantial US$2.4 billion to the country's export revenue.

Interestingly, approximately 65 percent of Zimbabwe's total gold output is produced by small-scale and artisanal miners, highlighting the significant contribution of these sectors to the national economy.

This positive trend in gold exports is a promising sign for Zimbabwe's foreign currency reserves.