‘Govt working on stabilising economy’
THE Government will continue to create a stable operating environment for business to curtail price increases that have the negative effect of eroding the purchasing power of incomes while putting … Read More
Category: #Top
Backlash over Chinese loans
ZIMBABWE’S debt-stricken administration last year struggled to access fresh loans to scale up ambitious plans to revamp key infrastructure projects after accumulating significant arrears on lifelines from one of China’s … Read More
Zinara fails to pay road contractors
GOVERNMENT has failed to pay contractors under the Emergency Road Rehabilitation Programme (ERRP) for the past five months, slowing down the road rehabilitation initiatives. Government launched ERRP in 2021 after … Read More
‘We haven’t ruled out US$ salaries’
GOVERNMENT yesterday said it had not yet ruled out the possibility of paying civil servants salaries in United States dollars citing the current US$175 incentive as evidence of its willingness … Read More
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
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
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
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
Local investors dominate Chengetedzai platform
LOCAL investors continue to dominate accounts opening on the Chengetedzai Securities Depository (CSD) platform, the firm said. It said 94,98% of new accounts that came on stream last month where … Read More
