Tapiwanashe Mangwiro
HARARE - Zimbabwe Asset Management Company (Zamco) has so far resolved $452 million of the bad debts it mopped up and said they are still in line to meet the annual $140 million target.
In February 2020, the debt...
HARARE - For ease of administration, the Reserve Bank of Zimbabwe has announced that all commissions and royalties that are due and deductible at the point of receipt of export proceeds will now be paid to the Zimbabwe Revenue...
HARARE - Afreximbank and Mutapa Investment Fund (MIF) have launched a US$50 million Joint Project Preparation Facility (JPPF) to support project development in Zimbabwe's key economic sectors.
This initiative aims to mobilise project preparatory funding, creating a robust pipeline of...
HARARE (FinX) - The Court of Appeal of England and Wales has affirmed that states cannot rely on sovereign immunity to oppose the registration of ICSID awards rendered against them – dismissing appeals lodged by Spain and Zimbabwe.
In the...
Staff Writer
Zambia has become the latest country to submit instruments of its ratification of the African Continental Free Trade Area (AfCFTA) agreement to the African Union Commission.
African Union Commission chairperson Moussa Faki Mahamat announced the development that means only...
HARARE – More than 200,000 Zimbabweans have returned home over the past year due to the economic fallout from COVID-19 in countries where they had been working.
The International Organization for Migration (IOM) is providing nurses to help Zimbabwean officials...
HARARE - (Finx) - Packaging manufacturer, Nampak Zimbabwe says settlement of electricity bills in foreign currency is milking the industry as it does not match the exporting levels.
Last month, Zimbabwe officially gazetted a directive which requires exporting companies to...
HARARE - The Reserve Bank of Zimbabwe, through the Financial Intelligence Unit, has instructed banks to to limit internal transfers to two per day as part of ongoing measures to stop parallel market dealings.
In a directive to banks, the...
HARARE - The gold coin that will be on sale to the public from July 25, 2022 will have prescribed asset status and institutional investors can use it to meet regulatory requirements for prescribed asset investments.
According to a statement...
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...
