Talkmore Gandiwa/Edwell Chigangaidze
HARARE – NMB Bank says it is in negotiations for US$20 million credit lines from two potential financiers, which assist it to service the increased demand from manufacturing and exporting clients.
Chief executive Gerald Gore said the bank...
Farai Mabeza
The United Nations World Food Programme (WFP) has made an urgent appeal to the international community for US$130 million for food aid for Zimbabwe as the number of the acutely food insecure in the country moves from 3.8 million...
Tapiwanashe Mangwiro
Zimbabwe’s largest mobile money transfer platform – Ecocash - has increased daily limits for individual transactions while a new executive club for exclusive users has been established.
In a statement issued over the weekend, EcoCash, increased daily and monthly...
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...
Staff Writer
HARARE - The Reserve Bank of Zimbabwe (RBZ) has deferred by up to a week the opening of the first foreign exchange auction for 2022 to the 18th of January citing COVID-19 impact on submission of essential information to...
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...
Farai Mabeza
The national cattle herd decreased by 4.7 % from 5 774 525 in 2018 to 5 489 364 in 2019, according to the First Round Crop and Livestock Assessment Report for the 2019/2020 season done by the Ministry...
HARARE - Government has warned that it will blacklist suppliers who are channeling payments they receive to the illegal foreign exchange market and is in the process of setting up a process to scrutinise all awarded tenders to ensure...
HARARE (FinX) - For years, Zimbabwe’s reserve position has been the country’s quiet macro weakness. Not because the economy never generated foreign currency, it did. The problem was always the same: the country could not consistently keep it. When...
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...
