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 - The Reserve Bank of Zimbabwe has issued its second two-year paper where it is seeking to raise $1.55 bln to fund government programmes.
According to the issuance calendar for the 2021 third quarter, government issued its first two...
Itai Ndongwe
The government has set the pre-planting producer prices for strategic commodities for the summer season of 2022/ 2023 in US dollars with maize set at US$335 per tonne in a new pricing model, which it says is consistent...
Itai Ndongwe
HARARE - The World Bank has announced the Reserve Bank of Zimbabwe (RBZ) as the latest member of the Reserve Advisory & Management Partnership (RAMP).
The RBZ joined RAMP through a World Bank Group multi-donor trust fund designed to...
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
HARARE – Zimbabwe expects that 30 percent of all tobacco sales will be done outside Harare after Government gazetted a statutory instrument authorising the setting up of decentralised tobacco auction sites in the wake of the COVID-19 pandemic,...
NJ Ayuk
Last spring, the Maersk Voyager, an ultra-deepwater drillship under contract by French supermajor Total, drilled a wildcat well in the deepest water ever – 3,628 meters (11,903 feet) in Block 48, a massive area with potentially huge oil reserves in...
Sydney Kawadza
Zimbabwe risks remaining a closed economy to Africa despite benefits promised under the African Continental Free Trade Area amid reports that tariff orders identifying 90 percent of the tariff lines to be liberalized are yet to be submitted...
The African Development Bank has approved US$34.8 million, (US$34,796,402.40) in grants to enhance resilience and adaptation to climate disaster risks for vulnerable communities in Malawi and Zimbabwe.
Under the bank group’s Africa Disaster Risk Financing (ADRiFi) initiative, the Mitigating Fragility...
HARARE – (FinX) Gold deliveries in 2019 fell shy of 30 tonnes and were 17% lower than last year. Statistics availed from Fidelity Printers and Refinery show that earnings for the year were at US$1.3 billion from $1.5 billion...
