About Us

Fidelity Gold Refinery (Pvt) Ltd (FGR) is a custodian of critical strategic national capabilities benchmarked against the best in the world. Wholly owned by the Reserve Bank of Zimbabwe (RBZ), FGR’s core business currently incorporates Gold Refining, Buying Operations, administering of the Gold Development Initiative Fund (GDIF) and Security & Commercial Printing. All these products and services are of the highest quality meeting international standards.

Our History

At inception in 1966, Fidelity Gold Refinery’s business was largely to print secure banknotes. This operation was done in total secrecy in the basement of the old Reserve Bank Building at number 79 Samora Machel Avenue with the assistance of international technical partners. The department was able to produce quality, secure banknotes, catapulting it into one of the top notable high security banknote print houses in the world.

Following the incorporation of the company in 1978,  operations were relocated to No.1 George Drive in Msasa where its head office and majority of operations are located to this day. The new spacious and secure complex modelled around leading security printers in Europe, was officially opened by the then Prime Minister, His Excellence the Honourable R.G. Mugabe, on 11 February 1982.

In 1987, a decision was made to enhance the company’s strategic role through the establishment of a gold refinery with an annual gold refining capacity of 50 tonnes and embedded capacity of netting to a purity level of up to 99.999. Following the opening of the high-tech refinery at No. 1 George Drive, in October 1989, the company was accredited to the London Bullion Market Association (LBMA) an exclusive club for the best minds, skills, referees and markets for gold and silver. The refinery is manned by highly experienced personnel with extensive skills in mining, valuation, assaying, smelting, refining, buying and selling. Accreditation was lost in June 2008 due to below capacity (3 tonnes) refined production.

In 2001, a world class coin minting plant was established in Bulawayo, Zimbabwe’s second largest city. The mint is the most modern in Africa and has a distinctive edge in quality and variety of coin striking capabilities which includes creation of bimetal coins and tokens, as well as medallions of varying numismatic value.

In 2016, the Company increased its portfolio from being a security printer to being a commercial printer. Capacity was increased to absorb all commercial printing jobs ranging from packaging, cartons, labels, promotional material, book work and continuous printing. With time, FGR has diversified its activities to meet changing customer needs offering both wet and dry lithographic printing in single to multi-colour.

In 2016, the Reserve Bank of Zimbabwe (RBZ) created the Gold Development Initiative Fund (GDIF) as part of its initiatives to enhance economic productivity through promotion and development of the gold mining industry in Zimbabwe. The loan facility is primarily for the acquisition of gold mining plant and equipment in order to enhance gold production by miners.

Our Vision

To create and protect value through world class smart solutions.

Our Mission

We are in business to provide printing solutions and gold products to satisfy diverse stakeholder needs.

Our Values

The acronym created by the first letter of each value is the word "FIDUCIAL". FIDUCIAL means founded on trust. FGR is a solid institution built on trust.


Concentrate quality in everything and at all times.


Firm on principles.


Embrace variety.


Unify people and act as one.


Work with others.


Try out new ideas.


Embrace change and be flexible.


Guide others and command markets.

Get In Touch

+263 777 155 569 (WhatsApp Only)


No. 1 George Drive, Msasa, Harare


+263 8688003038
+263 242-486670
+263 242-486694
+263 242-487131
+263 242-447810-5

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