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...
HARARE - Finance and Economic Development Permanent Secretary George Guvamatanga, has been appointed to the board of directors of the Eastern and Southern African Trade and Development Bank Group (TDB), which is formerly PTA Bank.
The appointment, which is for...
A top Chinese bank with a global portfolio including fossil fuel extraction, has tentatively agreed to stop financing the controversial Sengwa coal project in Gokwe after bowing to civic pressure.
In a communique following the postponement of a meeting by...
London, United Kingdom: FBC Holdings Limited (FBCH) and Standard Chartered Bank have entered into an agreement for the acquisition of Standard Chartered’s business in the Republic of Zimbabwe, subject to the approval of the regulatory authorities including the Reserve...
Staff Writer
African countries continue to trade more with the outside world than among themselves, findings of an Economic Commission for Africa (ECA) assessment report on progress made on regional integration in the context of the COVID-19 pandemic have revealed.
The...
by Talkmore Gandiwa
The Academy for Women Entrepreneurs (AWE), a US-based empowerment organisation that offers funding and skill-transfer to women and girls at the grassroots level, is anticipated to continue helping more aspiring women entrepreneurs in Zimbabwe.
AWE has become one...
Munyaradzi Doma
Businessman and former Confederation of Zimbabwean Industries Busisa Moyo is the new board chairperson of the Zimbabwe International Trade Fair Company Board.
He takes over from Ruth Ncube whose tenure ended last year.
In a statement released Friday, the Industry...
HARARE – The Reserve Bank of Zimbabwe has issued a warning to foreign currency dealers who are manipulating the exchange rate. This comes as street rates have breached the 25x mark on Thursday. The interbank mid rate is on 17.2204x
In...
HARARE – Local manufacturing sector capacity utilization during fourth quarter (Q4) of 2021 marginally increased by a single percentage point to 66% from 65% prior quarter indicating the continued capital investment by Zimbabwean firms to boost production despite facing...
HARARE - The country's international currency code has switched from ZiG to Zimbabwe Gold (ZWG), according to the Reserve Bank of Zimbabwe (RBZ).
Currency codes or ISO currency codes are three-letter sequence codes representing the world's currencies. The International Organisation...
