US$112million allotted to bidders in May
THE Reserve Bank of Zimbabwe (RBZ) availed US$112 million to bidders through the foreign exchange auction system allotments for the month of May 2022 alone with total allotments clocking US$3,2 … Read More
Author: Admin
Huge strides taken towards ending power cuts
IN what would be a major boost to the country’s industrialisation and modernisation journey, Hwange Thermal Power Station Units 7 and 8 are almost complete with 88,29 percent of work … Read More
RBZ clears foreign currency auction backlog
THE backlog at the foreign currency auction run by the Reserve Bank of Zimbabwe has now been cleared with all allotments made by the end of last month now fully … Read More
Construction of another Natpharm warehouse begins
The Government has secured US$6 million funding for the construction of a state-of-the-art NationalPharmaceutical Company warehouse in Mutare, with construction works having already started Construction of another state-of-the-art National Pharmaceutical … Read More
Green-tech company to list on JSE
Pan African green technology company, Agilitee Africa has engaged a financial advisory company as it set its sights on listing on the Johannesburg Stock Exchange. The company whose subsidiary, Agilitee … Read More
NicozDiamond raises stake in Moza insurer
FIRST Mutual Holdings (FMHL) now controls 71,4 percent of Diamond Seguros Mozambique, from 51,4 percent previously, after the company injected additional capital to increase its stake, as the group seeks … Read More
‘Zim capital markets evolving, going digital’
Zimbabwe’s capital markets continue to evolve and through the digitalisation of trading, the market keeps transforming and building capacity to offer a wide variety of new products, a senior executive … Read More
Afreximbank disbursed US$2,6 billion to African projects in 2021
Minister of Finance and Chairperson of the General Assembly of the African ExportImport Bank (Afreximbank), Mohamed Maait, said that the bank achieved good financial results throughout the past two years … Read More
CBZ’s earnings significantly reduced in Q1
CBZ Holdings Limited earnings for the first quarter to March 31, 2022 where significantly reduced from the comparable prior year. Figures contained in a first quarter trading update released by … Read More
Bread price must go down: RBZ
THE Reserve Bank of Zimbabwe (RBZ) yesterday directed that bread prices should be reviewed downwards from $640 in line with the official foreign currency exchange rate and global trends. This … Read More
