Farai Mabeza
Tobacco deliveries are slower than expected because farmers are not happy with the fixed exchange rate of 1:25 under which they are required to surrender 50 percent of their foreign currency earnings, it has emerged.
Tobacco Industry and Marketing...
NAIROBI (Reuters) - The Bill & Melinda Gates Foundation said on Thursday it was committing $7 billion to Africa over the next four years, as Bill Gates warned that the Ukraine crisis was reducing the amount of aid flowing...
Takudzwa Musakasa
HARARE – The Government of Zimbabwe has set aside $9 billion for the population and housing census to be conducted from 21 April to 30 April 2022.
In 2019, the government said it had set aside US$85 million to...
Tapiwanashe Mangwiro
HARARE – NMB Zimbabwe says that its loan book does not have significant exposure to business sectors that are most affected by the coronavirus pandemic and subsequent lockdown.
NMB chief executive Benefit Washaya told FinX that loan book exposure...
Staff Writer
Swiss-based oil firm Gunvor was hounded out of the Zimbabwean fuel market by 'underworld fuel mafia cartels' despite having signed a binding contract with National Oil Company (NOIC) to supply fuel for...
Itai Ndongwe
HARARE - Zimbabwe's Postal and Telecommunications Regulatory Authority commissioned a US$19 million telecommunication traffic monitoring and revenue assurance system (TTMS) Monday, which will effectively monitor telecommunication traffic and provide accurate real-time data collection.
The TTMS has elements that will...
HARARE – Government will during the course of the year drip feed into the economy bigger denominations in order to enable ease of transactions.
Finance and Economic Development Minister Mthuli Ncube told Bloomberg on the sidelines of the World Economic...
Sydney Kawadza
Water levels in Lake Kariba continue to rise increasing by about 25 percent in the past month, the Zambezi River Authority has said.
The authority, however, indicated that a decision to review water allocated to Zimbabwe and Zambia for...
HARARE – In order to meet the foreign currency needs of small-scale enterprises and individuals which will ensure that trades move away from the parallel market, the Reserve Bank of Zimbabwe will, effective tomorrow, start selling foreign currency to...
HARARE – (FinX) The Reserve Bank of Zimbabwe (RBZ) through its Financial Intelligence Unit (FIU) has singled out China Nanchang among the rate manipulators who have been engaging in activities that have exerted pressure on the exchange rate in...
