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HARARE – The government has reviewed upwards the subsidized price for a roller meal bag by 40% against the prevailing market price of the product with immediate effect. Previously, the roller meal subsidy was pegged at ZWL$50 per 10kg bag...
Farai Mabeza KARIBA Dam needs three years to reach its maximum retention levels at current average annual inflows of 40 billion cubic meters, Zambezi River Authority chief executive Engineer Munyaradzi Munodawafa has said. Addressing the media in Lusaka Friday morning, Munodawafa...
Xolisani Ncube/Almot Maqolo At least 650 white former commercial farmers have received payment of about $50 000 as compensation from government, the Commercial Farmers Union has revealed. The money translates to approximately US$2 000 using the parallel make rate of 1:25. However,...
Sydney Kawadza Africa’s economies are growing strongly, but growth alone cannot meet the needs of the continent’s poorest citizens, because “nobody eats GDP,” the African Development Bank’s President, Akinwumi Adesina, has said. Adesina made the remarks while unveiling the Bank’s flagship...
Levious Chiukira January 31, 2020, marks the date when history books need to be re-written as one of the giants of Europe, the United Kingdom, exits the  continental grouping European Union, which it has been a member of for 47...
Farai Mabeza ZIMBABWE and the European Union have launched the Zimbabwe European Partnership Agreement Support programme (ZEPA) worth €10m (US$11m). The €10m intervention seeks to assist the country with the implementation of the Zimbabwe – EU free trade agreement, the Economic...
Farai Mabeza THE African Forum and Network on Debt and Development says policies of some development finance institutions are worsening social and economic inequalities in recipient countries through project contingent liabilities. In a statement released to mark the Global Week of...
HARARE – (FinX) The Reserve Bank of Zimbabwe (RBZ) through its Financial Intelligence Unit (FIU) has singled out China Nanchang among the rate manipulators who have been engaging in activities that have exerted pressure on the exchange rate in...
HARARE – The Reserve Bank of Zimbabwe has issued a warning to foreign currency dealers who are manipulating the exchange rate. This comes as street rates have breached the 25x mark on Thursday. The interbank mid rate is on 17.2204x In...
HARARE – Government will during the course of the year drip feed into the economy bigger denominations in order to enable ease of transactions. Finance and Economic Development Minister Mthuli Ncube told Bloomberg on the sidelines of the World Economic...
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