Does the new RBZ chief have the midas touch?
Domestic currency stability has evaded Zimbabwe for the past two decades, spanning the tenures of two Reserve Bank of Zimbabwe (RBZ) governors namely the outgoing Dr John Mangudya and his … Read More
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Zim courts Afreximbank over gold buying facility
Zimbabwe has reportedly initiated engagements with some regional financial institutions to mobilise funding to purchase large stocks of bullion it needs to back its currency to curb chronic inflation and … Read More
ART reports 7% exports decline
AMALGAMATED Regional Trading (ART) Corporation says export volumes declined by 7% for the quarter ended December 2023 as the diversified group seeks to minimise the impact of the foreign currency … Read More
Deal with currency issue, IMF tells Zim
THE International Monetary Fund (IMF) has implored the government to remove the 10% trading margin on domestic transactions, saying the policy was causing exchange restrictions and distortions. Speaking to the … Read More
Invictus sends gas samples to USA
Australia Stock Exchange (ASX) listed and Zimbabwe-focused oil and gas exploration junior, Invictus Energy has sent gas samples for analysis in the United States with results expected by end of … Read More
Fastjet launches “Amazing Zim” campaign
Regional airline, Fastjet Zimbabwe, launched its “Amazing Zimbabwe” campaign that promotes the country’s tourism sector as it focuses on promoting the hidden gems of Zimbabwe. This comes as the country’s … Read More
‘Structured currency part of monetary reforms’
The structured currency announced by President Mnangagwa last week is part of further monetary reforms aimed at engendering stability of the domestic currency, Finance, Economic Development and Investment Promotion Minister … Read More
200MW wind power plant for Mangwe
A wholly owned Zimbabwean company working on renewable energy projects — Optate Africa intends to set up a 200-megawatt (MW) wind power plant in Mayobodo, Mangwe, in Plumtree and has … Read More
Edgars to list on VFEX, abandons ZSE
Listed clothing retailer, Edgars Stores Limited, has revealed its intention to delist from the Zimbabwe Stock Exchange (ZSE) for subsequent listing on the Victoria Falls Stock Exchange (VFEX). Edgars’ planned … Read More
Premium African Minerals sits on 1,7m mineral resource
PREMIER African Minerals Limited is sitting on a mineral resource estimate of 1,7 million tonnes, a development that has prompted owners to toy with the idea of establishing a stand-alone … Read More
