HARARE (FinX) - Tourism receipts are estimated to have increased by 15% to US$252 million in the second quarter of 2024 from US$220 million in the same period on 2023, mainly attributed to rising international tourism in addition to
improved...
Farai Mabeza
HARARE - The Reserve Bank of Zimbabwe’s Financial Intelligence Unit (FIU) has brought charges under the Money Laundering and Proceeds of Crime Act against Ecocash, the company’s chief executive officer Natalie Jabangwe and director Eddie Chibi, who is...
Talkmore Gandiwa
Metropolitan Bank of Zimbabwe's suspension from trading in foreign currency has been lifted by the Reserve Bank of Zimbabwe.
The bank's foreign currency dealership licence was suspended two months ago for breaching Exchange Control regulations relating to trading in...
Zimbabwe is considered agro-based, as agriculture is critical for livelihoods as
well as for feedstock to downstream industries. At 8.1% of the total available budget, the Lands, Agriculture, Fisheries, Water and Rural Development has the third highest share after the...
HARARE – (FinX) Zimbabwe narrowed its trade deficit in the year to October to US$296.42 million from US$743 million in September after improved exports in October boosted by tobacco and nickel values. The country however still needs to do...
A Small to Medium Enterprises programme designed to support and accelerate the growth of the sector had been launched. The Zimbabwe National Gazelles Programme was launched buy Kukura Business Accelerator in partnership with SA partner Mtiya Dynamics.
The programme will...
HARARE - At least 26.4 million kilograms of tobacco worth US$59m have been sold so far since the start of tobacco selling season, statistics from the industry regulator show. The sales figure is 278.27% higher than US$15.6m from 8.8...
Pride Mzarabani
HARARE – The government has consolidated 11 licence requirements by merging all fragmented local authority licences into a single unitary licence, in a move designed to simplify operations for players in Zimbabwe’s wholesale and retail sector.
The reform, which...
HARARE - Finance Minister Mthuli Ncube addressed Parliament regarding ongoing payment delays to Members of Parliament, which he attributed to “cash constraints.” He emphasized that these financial challenges are not new but have been exacerbated by ongoing issues in...
HARARE - The agreement between Government through the National Oil Infrastructure Company and Trafigura does not permit the commodities firm to exceed 40% market share. This has resulted in capacity utilization of the pipeline averaging around 65% over the...
