RBZ to inject $1 billion new coins, notes
Cash in circulation will slightly more than double over the next six months, as the Reserve Bank of Zimbabwe (RBZ) injects an extra $1 billion to satisfy legitimate demand for … Read More
Category: Companies
Private sector urged to market Brand Zimbabwe
THE private sector should support Government in positioning and marketing the country’s brand and goods across the globe, leveraging on digital transformation and knowledge-driven initiatives being spearheaded by the Second … Read More
Bread price slashed
SIMBISA Brands subsidiary, Bakers Inn Bakeries, has reduced to $14 the price of a loaf of bread from $15,75 in response to a Government subsidy in the supply of wheat. … Read More
Tourism players to showcase in London
ZIMBABWE’s tourism sector is set to participate at high-profile industry series conferences at the leading global event, World Travel Market (WTM), which takes place in London from 4–6 November 2019. … Read More
Chemplex seeks RBZ forex fundraising approval
FERTLISER and chemical manufacturer, Chemplex Corporation, is seeking Reserve Bank of Zimbabwe (RBZ) approval to sell some of its assets in US dollars to raise $10 million to complete a … Read More
RBZ Working On Stabilising Exchange Rate: Mangudya
The Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said that the central bank will inject more liquidity on the interbank market to stabilise the exchange rate and ensure efficient … Read More
Proplastics leverages on new currency
Listed manufacturer Proplastics says it is now adopting an “aggressive exports strategy” in view of the announcement by the Government to end the multi-currency system. Last week, the Ministry of … Read More
Local authorities dodge State audit
At least 70 local authorities did not submit financial statements for the Auditor-General’s 2018 audit, with only three having records audited for the year. This was revealed by Auditor-General Mildred … Read More
Investor to set up chlorine plant at Redcliff
A GERMAN company, Thyssen Krupp, plans to construct a chlorine plant in Redcliff for the production of water purification chemicals for industrial use. The proposed investment will be the latest … Read More
RioZim makes appointments
ZIMBABWE Stock Exchange-listed mining group, RioZim, has appointed Mr Saleem Rashid Beebeejaun as chairman with effect from June 25, 2019. He takes over from Mr Lovemore Chihota who recently celebrated … Read More
