IDCZ plans first-ever Continental Bank in Zimbabwe
IN a move set to revolutionise the business landscape in the country and across the African region, the Industrial Development Corporation of Zimbabwe (IDCZ) Limited is in the process of … Read More
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Padenga banks on increased gold production
The expected increase in gold production and fulfilling its crocodile skin contract volumes is set to leave the firm with increased foreign currency earnings, the company said. In its trading … Read More
VFEX launches product to deepen local capital markets
THE Victoria Falls Stock Exchange (VFEX) in partnership with VCG Markets, a Mauritius-based broker, yesterday launched a new product called Contract for Differences (CFDs) that is expected to deepen local … Read More
CZI makes ZiG conversion proposals
BUSINESSES will face severe working capital challenges if the central bank insists on converting outstanding auction allotments into a two-year ZiG denominated non-negotiable certificates of deposit (NNCDs). According to the … Read More
USD IMMT tax upward adjustment bitter pill for business
The Zimbabwean business community is in a state of shock following the Ministry of Finance, Economic Development and Investment Promotion’s announcement of a significant hike in transactional taxes. This new … Read More
Unscrupulous business people selling import licenses- Industry ministry
THE Ministry of Industry and Commerce has urged the business community to maintain integrity in their operations amid reports of some dishonest entities selling import licenses obtained for free. The … Read More
Government hailed on ZiG directive
Economists have praised the Government’s decisive move to instruct all ministries, departments, and agencies (MDAs), as well as the private sector, to acknowledge and embrace the new Zimbabwe Gold (ZiG) … Read More
Mutapa Investment Fund takes off, targeting economic prosperity for Zimbabwe
The Mutapa Investment Fund (MIF), Zimbabwe’s sovereign wealth fund, officially launched operations this week with the ambitious goal of driving economic growth and creating wealth for the nation. In a … Read More
BNC woes continue: VFEX suspends trading of company’s shares
BINDURA Nickel Corporation (BNC) has voluntarily suspended trading of its shares at the Victoria Falls Stock Exchange Limited following the placement of its main operating subsidiary, Trojan Nickel Mine Limited, … Read More
Zim exports jump 37pc in two months
Zimbabwe recorded a 37 percent jump in exports in the first two months of this year to US$1,18 billion compared to the same period last year, on the back of … Read More
