With a wary eye on COVID-19, the International Monetary Fund (IMF) has forecast a more optimistic 5.5% expansion of the global economy this year.
The upward revision in the IMF’s latest World Economic Outlook published Tuesday is 0.3 percentage point...
MUTARE - Timber production racked in up to US$37.5 million from both local and export sales in 2020.
Statistics gathered from the Timbers Producers Federation (TPF) indicated that a total of ZWL$1.1 billion (US$13.4m) was generated through local sales while...
Titus Mukove
HARARE - Tuesday marked the first gear of the Foreign Currency Auction System by the government which is aimed at bringing stability on prices and exchange rate. As expected, there was a sharp fall in the value the...
Staff Writer
Legislators want government to regularize activities by artisanal and small-scale gold miners as calls continue to grow louder for authorities to curb the growing number of fatal accidents at the mines.
The MPs visited some gold mines affected by...
Davison Kaiyo
HARARE – Reserve Bank of Zimbabwe (RBZ) has disbursed USD1.17 billion since the auction started in June last year with Bakhresa group-owned Blue Ribbion topping the list of beneficiaries having accessed over USD17 million over the 10 months’...
Tadiwa Musiyiwa
HARARE – The Zimbabwe Reconstruction Fund (ZIMREF) disbursed US$5.4 million across 12 executed projects against a target of US$8.1 million which translated to 67% of the
spending target, as implementation was constrained by the COVID-19 pandemic.
The ZIMREF annual 2020...
Sydney Kawadza
The Board of Directors of the African Development Bank Group has approved a $50 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility between the African Development Bank and Standard Chartered Bank.
The agreement is expected to boost intra-Africa...
Davison Kaiyo
Government has entered into an agreement with Great Dyke Investments (GDI) that would see the new player in Zimbabwe’s platinum mining sector enjoying a five-year tax break.
This follows that approval of Special Mining Agreement signed between government and...
Staff Writer
HARARE – British American Tobacco Zimbabwe (BATZ) has appointed South African Kimesh Naidoo as its new managing director.
Naidoo takes over from Clara Mlambo who stepped down this year to join a regional telecoms company. طاولات العاب
Well-placed sources...
