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...
By Kristalina Georgieva and Abebe Aemro Selassie
Sub-Saharan Africa is in the grips of a third wave of COVID-19 infections that threatens to be even more brutal than the two that came before.
This is yet more evidence of a dangerous divergence in...
Davison Kaiyo
HARARE – Seventeen African heads of state signed on to the commitment to boost agricultural production by doubling current productivity levels through the scaling up of agro-technologies. This will include investing in access to markets, and promoting agricultural...
Rutendo Maraire
Zimbabwe is set to participate at the 4th edition of the Takulandirani Malawi International Tourism Expo (MITE) 2023 which kicks off tomorrow at the Bingu Wa Mutharika International Convention Centre (BICC) in Lilongwe.
The tourism expo comes after two...
The Zimbabwe Investment Development Agency has announced Tafadzwa Chinamo as its new chief executive officer, effective November 1, 2022.
Chinamo, who was previously CEO of the Securities and Exchange Commission of Zimbabwe until January this year, takes over the position...
Itai Ndongwe
HARARE – The Zimbabwe Investment Development Agency (ZIDA) reported a significant 60% decrease in total investment value in the fourth quarter of 2024 at US$4.6 billion from US$11.5 billion reported in Q4 2023. This decline is attributed to...
Xolisani Ncube
The Reserve Bank of Zimbabwe has re-introduced the use of multi-currency system as a way of fighting the highly contagious Covid-19 pandemic.
In a statement issued Thursday afternoon, RBZ governor John Mangudya said the move to re-introduce the multi-currency...
Highlights
Total money supply in the economy as at December 2019 stood at $34.5 billion. Of that $22 billion (64%) is in local currency and $12.5 billion or US$785 million in in foreign currency.
Cash in circulation at $1.1 billion as...
LUSAKA, ZAMBIA – While a lot of hard lessons have been learned from the COVID-19 outbreak, few have been as resounding as the need to hedge against unforeseen calamities.
The outbreak brought several sectors and, in some cases, entire economies to...
HARARE – The government has reviewed upwards the subsidized price for a roller meal bag by 40% against the prevailing market price of the product with immediate effect.
Previously, the roller meal subsidy was pegged at ZWL$50 per 10kg bag...
