Gwanda traders peg prices in forex
RESIDENTS in Gwanda are feeling the pinch as most shops in the town have now pegged their prices in forex which they are struggling to access. It is not any … Read More
Category: Finance
Zimbabwe Spending Close To A Billion A Year To Import Grains – Report
Zimbabwe is spending $800 Million per year on grain imports. the Daily News reports. This was revealed by deputy Agriculture minister Vangelis Haritatos who was speaking in senate when he … Read More
Govt in talks with banks to support Victoria Falls Stock Exchange
ZIMBABWEAN authorities are in discussions with several international investment banks to support the new Victoria Falls Stock Exchange (VFEX) that will trade exclusively in foreign currency, Finance and Economic Development … Read More
Insurance, pensions sector boon for capital markets
Zimbabwe’s insurance and pensions sector is developing new derivatives that will contribute to both the broadening and deepening of the country’s capital markets. A derivative is a contract between two … Read More
Banks ready to recover lost market
In recent months, mobile money platforms have been under the cosh, taking the heat for contributing to the assault on the local currency by facilitating speculative activities. As such, the … Read More
Fidelity Life shelves plans to raise capital
Zimbabwe Stock Exchange-listed insurance concern Fidelity Life Assurance Zimbabwe has cancelled plans to raise fresh capital. The development comes on the heels of last week’s announcement by Zimre Holdings Limited … Read More
Employee social protection under threat . . . NSSA contribution base shrinks
THE National Social Security Authority (NSSA) says its contribution base for pension benefits and accident compensation scheme is shrinking amid growing informalisation, which is being compounded by labour migration and … Read More
Solid Zimdollar gains 1,2pc
The Zimbabwe dollar gained 1,2 percent on the US dollar in yesterday’s auctions to reach $81,7076 as allotments went over US$20 million for the first time to reach a record … Read More
Zim to save US$60m in wheat imports
Zimbabwe is expected to harvest nine months’ supply of wheat from the 2020 winter crop, saving the Government up to US$60 million in imports. While the county will import to … Read More
Devolution project gains momentum
The key pillar of Zimbabwe’s devolution programme is the empowerment of provincial structures to spearhead economic and social development through leveraging on local resources. In the last few years, Manicaland … Read More
