HARARE - There was another record allotment on the Reserve Bank of Zimbabwe's auction system on Tuesday but the local currency continued to crawl within the 84 band. The local currency depreciated by 0.0418% against the US dollar from...
Cynthia Chitombi
Zimbabwe has reduced its fuel import bill by about 20 percent through the blending of unleaded petrol with ethanol, a senior government official has said.
Zimbabwe Energy Regulatory Authority consumer services manager Nobert Matarutse revealed this during a discussion...
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,...
Pride Mzarabani/Itai Ndongwe
HARARE - The Zimbabwean government and the European Union have signed four financial agreements totalling 75 million euros (more than US$80 million) to support the country's development.
These agreements reinforce the EU's commitment to complement the government's efforts...
HARARE - There has been some progress on the refurbishment of Hwange Thermal Power Station but the project is still behind targets with the latest update from the Zimbabwe Power Company showing that the works are 62.54% complete against a...
HARARE - Zimbabwe, alongside 22 other countries were identified as having strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
When the Financial Action Task Force places a jurisdiction under increased monitoring, it means the...
Farai Mabeza
PAN-AFRICAN housing finance institution, Shelter Afrique, approved a total of US$20m for Zimbabwean housing finance providers during the year, managing director Andrew Chimphondah has said.
Chimpondah told the media at the opening of Shelter Afrique’s Centre of Excellence Masterclass...
Farai Mabeza
ZIMBABWE and the European Union have launched the Zimbabwe European Partnership Agreement Support programme (ZEPA) worth €10m (US$11m).
The €10m intervention seeks to assist the country with the implementation of the Zimbabwe – EU free trade agreement, the Economic...
Talkmore Gandiwa
The Small to Medium Enterprises sector is now the bedrock of the country’s economy, contributing 60% of the total Gross Domestic Product and an estimated 76% of total employment, a senior government official has said.
Addressing entrepreneurs at the...
Pride Mzarabani
HARARE – The government has consolidated 11 licence requirements by merging all fragmented local authority licences into a single unitary licence, in a move designed to simplify operations for players in Zimbabwe’s wholesale and retail sector.
The reform, which...
