RBZ’s OMOs keeping money supply on tight leash
The value of open market operation bills that the Reserve Bank of Zimbabwe is using to mop up liquidity from the banking sector is currently standing at $4 billion, as … Read More
Author: Admin
Murowa Chivi exploration inconclusive
Exploration for diamonds in Sese communal lands, Chivi by Murowa Diamond Company is still ongoing with results so far inconclusive on whether the area has gems that can be commercially … Read More
Prospect not concerned about Zim sovereign risk
Prospect Resources says it will forge ahead with its Arcadia Lithium project in Zimbabwe despite the country’s risk profile and has put in place measures to minimise potential impact of … Read More
Mozambique pushes for Total to restart US$20bn project
Mozambique wants Total to quickly restart work on its US$20 billion liquefied natural gas project, despite concerns that insecurity could lead to a prolonged delay, the nation’s energy minister said. … Read More
Dairibord, Dendairy merger and acquisition negotiations still ongoing
DAIRIBORD Holdings Limited (DHL) merger and acquisition negotiations with fellow dairy firm Dendairy Private Limited drags on with the former issuing its 10th cautionary statement to the effect that discussions … Read More
COVID-19 derails Simbisa expansion plans
EXPANSION plans by Zimbabwe’s largest food chain Simbisa Brands Limited’s (SBL) have been put off the rails by the fast-spreading COVID-19 pandemic which has grounded most businesses. The company said … Read More
Financiers spurn NRZ
The National Railways of Zimbabwe (NRZ) is scrambling to attract fresh cash for recapitalisation with international financiers this week saying any investment on the national rail company will not be … Read More
Treat forex as shared resource, exporters told
THE debate on the mandatory foreign currency liquidation threshold for exporters should be viewed from a balanced and developmental perspective given that a number of critical but non-exporting sectors of … Read More
TROPICAL RE sets focus on sustaining growth Tropical ReInsurance was recently conferred with a BBB+ rating by GCR, a major milestone in the history of the Reinsurer. Insurance24 (24 ) … Read More
IPEC applauds funeral assurance sector for dignified send-offs
HARARE, INSURANCE industry regulator, IPEC has applauded the funeral assurance sector for the role they are playing in giving dignified send-offs loved ones even under difficult circumstances brought about by … Read More
