Local minerals defy Covid-19, earn US$2bn
Zimbabwe earned close to US$2 billion from mineral exports in the first nine months of the year, a figure 24 percent above set target, according to official records. The haul … Read More
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Monthly inflation falls as dollar firms
Monthly inflation between mid-August and mid-September fell to 3,83 percent, according to the latest figures from ZimStat, and is likely to continue falling with yesterday’s foreign currency auction showing almost … Read More
Additional $2,5bn for RBZ lending facility
THE Reserve Bank of Zimbabwe’s Monetary Policy Committee (MPC) has approved an additional $2,5 billion under the bank’s medium term lending facility to the productive sectors to foster economic recovery. … Read More
CZI commends forex auction system positive impact
THE Confederation of Zimbabwe Industries (CZI), Zimbabwe’s largest industrial lobby group, has lauded the positive effect of the forex auction market on the economy, saying the system has brought about … Read More
ZMF gets strategic mining partnerships
Mines and Mining Development Minister Winston Chitando (left) congratulates Zimbabwe Miners Federation president Ms Henrietta Rushwaya (centre) and Ali Japan786 representative Mr Ali Mohammed after the signing of a co-operation … Read More
VFEX, RBZ agree
The Victoria Falls Stock Exchange (VFEX) has signed a memorandum or understanding with the Reserve Bank of Zimbabwe (RBZ) which will see the latter providing settlement services for the United … Read More
Vic Falls exchange primed to be the best
Government plans to make the Victoria Falls Stock Exchange (VFEX), which will provide an avenue for foreign currency listings, one of the best in the region whose rules and regulations … Read More
Govt targets 75pc industry capacity
GOVERNMENT is targeting to increase manufacturing capacity utilisation from an average of 40 percent in 2019 to 75 percent by 2023, Finance and Economic Development Minister Professor Mthuli Ncube says, … Read More
Zim dumps IMF programme
Zimbabwe is contemplating not renewing or embarking on yet another Staff Monitored Programme with the International Monetary Fund (IMF) as authorities believe the country can now follow through with its … Read More
FML gets nod for $439m capital raise
First Mutual Holdings Limited shareholders on Monday approved an ordinary resolution that gives the company the go ahead to raise $439,2 million (BWP61 million/US$5,3 million) by selling a 29,1 percent … Read More
