HARARE - The gold coin that will be on sale to the public from July 25, 2022 will have prescribed asset status and institutional investors can use it to meet regulatory requirements for prescribed asset investments.
According to a statement...
TODAY, Finance and Economic Development minister Professor Mthuli Ncube has a balancing act to play when he presents his mid-term budget review.
The Zimbabwean economy that has been on a free fall since the 2018 general elections is now on...
The global economy is anticipated to grow four percent this year, providing COVID-19 vaccines are widely launched, according to The World Bank’s January 2021 Global Economic Prospects.
“While the global economy appears to have entered a subdued recovery, policymakers face...
HARARE – Ecocash, a subsidiary of ZSE-listed Cassava Smartech, is engaging in shadow banking and is a Ponzi scheme that is creating fictitious money and balances in the system, FinX can report.
According to the Reserve Bank of Zimbabwe, Ecocash has...
Farai Mabeza
THE European Union (EU) has suspended restrictive measures on former first lady Grace Mugabe, a move hailed by proponents of government’s re-engagement drive.
In a statement released Monday, the Council of the European Union said that it would maintain...
BULAWAYO – The Minister of Finance and Economic Development, Professor Mthuli Ncube, says close to $300 million has been disbursed to entrepreneurs under the National Venture Capital Fund (NVCF).
The disbursements mark the operationalisation of the fund, which is responsible...
Nhau Mangirazi
Residents and ratepayers in Karoi, a town about 260km from Harare in Mashonaland West, have taken the council over information on how authorities spend funds from government’s devolution funds.
In a letter dated August 23, residents’ representatives including Karoi...
HARARE – The stock market rally surged at the start of a holiday shortened week buoyed by strong performances in select heavyweight counters. Turnover also continued in high territory as investors sought value preservation in the wake of renewed...
Davison Kaiyo
HARARE - The government has expanded services that can be paid using foreign currency to include insurance premiums and pensions.
This was contained in Statutory Instrument (SI) 280 of 2020 titled Exchange Control (Exclusive Use of Zimbabwe Dollar...
Farai Mabeza
Productive sector support under the $18.02 billion COVID-19 Economic Recovery and Stimulus Package will be financed by banks through normal banking channels and covered by government guarantees, it has been announced.
In a statement, the Ministry of Finance and...
