HARARE - Zimbabwe has recorded a 3% increase in gold earnings in the four months to April at US$297.46 mln from US$289.52 mln recorded in the same year ago period.
Latest figures show that April earnings increased 53% to US$97.06mln...
Farai Mabeza
Government has announced a price moratorium on basic goods after prices skyrocketed following the start of the COVID-19 lockdown at the beginning of April.
The moratorium was announced by Vice President Kembo Mohadi who blamed the increases on speculative...
Staff Writer
The Deposit Protection Corporation has announced that it will start covering foreign currency accounts {FCA’s} from potential banking sector risks with effect from t December31, 2021 following consultations with stakeholders.
In a statement, DPC Chief Executive Officer, Vusilizwe Vuma...
By Professor Tony Hawkins for the CAA Business School
One statistic tells it all. Forty years ago, the Zimbabwe dollar was worth 150 US cents, but today it is just over 1.5 cents. Successive administrations have tried – and failed...
Staff Writer
HARARE - The Reserve Bank of Zimbabwe (RBZ) has deferred by up to a week the opening of the first foreign exchange auction for 2022 to the 18th of January citing COVID-19 impact on submission of essential information to...
Chris Chenga
The following are pondering notes on what risks and considerations should guide the continued easing in of a local currency
HARARE – (FinX) – The glue to credit based capitalism is confidence. In a global financial system of fiat currencies,...
HARARE - The country's maize production is estimated to have risen 17% in the 2019/20 season, but the biggest concern remains the poor yields, which averaged 0.57 tonnes per hectare. According to the Second Round Crop and Livestock Assessment...
Staff Writer
Swiss-based oil firm Gunvor was hounded out of the Zimbabwean fuel market by 'underworld fuel mafia cartels' despite having signed a binding contract with National Oil Company (NOIC) to supply fuel for...
HARARE – Listed packages manufacturer, Nampak Zimbabwe says while there has been an improvement in foreign currency availability through the auction system and from customers, limitations and delays in disbursements continued to have the effect of creating imbalances within...
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...
