Worn out notes acceptable — US Embassy
BADLY damaged, dirty or even torn United States dollar notes remain valid for all transactions and can be exchanged as legal tender. This comes as some businesses and individuals have … Read More
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Foreign investors to easily repatriate funds: Government
THE Reserve Bank of Zimbabwe (RBZ) will soon issue a directive to facilitate smooth repatriation of capital and dividends by foreign investors, which will buttress the ease of doing business … Read More
Govt clamps down on forex rate violators
GOVERNMENT has deployed a team to probe shops for malpractices such as failure to stick to the official exchange rate when transacting, a Cabinet Minister has said. The deployment comes … Read More
Plunge in prices, Covid-19 strain ferrochrome producers
THE global Covid-19 pandemic has forced most Zimbabwe’s ferrochrome producers to switch off furnaces following a plunge in prices. This was worsened by several other internal factors including high operating … Read More
Victoria Falls set for major transformation
VICE-PRESIDENT Constantino Chiwenga has said Victoria Falls is poised for a major economic boost which will see the town and its environs growing into a world class business centre. Speaking … Read More
Oil, gas to usher in US$1bn sector for Zim
ZIMBABWE is well on course on its journey towards finding key resources that may usher in over a billion dollar (USD) oil and gas industry, if Australia Stock Exchange (ASX) … 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
Poverty Datum Line jumps 10,7 percent to $17 200, ZimStat report
THE Poverty Datum Line (PDL) for an average family of five rose to $17 244,07 last month, a 10,7 percent increase from the month of July rate of $15 572,85, … Read More
Match-making international buyers with sellers – the new business norm
THE global Covid-19 pandemic has affected face-to-face business interactions between buyers and exporters, thus interrupting the traditional business model. Companies are no longer able to send their export representatives across … Read More
Inflation eases as prices stabilise, Zim-dollar strengthens
ZIMBABWE’S month-on-month inflation rate stood at 8,44 percent in August after a drastic depreciation by 27,09 percentage points on the July rate of 35,53 percent, showing that stability of the … Read More
