Sydney Kawadza
The Board of Directors of the African Development Bank Group has approved a $50 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility between the African Development Bank and Standard Chartered Bank.
The agreement is expected to boost intra-Africa...
FinX
HARARE – Cabinet yesterday resolved to set up a Government Employees Mutual Savings Fund with effect from March 2020 wherein Government would provide $100 million as seed for the fund among other proposals to improve the welfare of its...
Zimbabwe’s platinum production was 11% lower in the third quarter to September at 111koz from 125koz in the previous quarter, the latest World Platinum Investment Council report shows. أتلتيكو مدريد اللاعبون
According to the report, the country continued its...
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...
Tapiwanashe Mangwiro
HARARE – Foreign Direct Investment (FDI) to Sub-Saharan Africa fell by 11% to US$28 billion in 2020 due to the Covid-19 pandemic, according to the United Nations Conference on Trade and Development (UNCTAD). This comes after the region’s...
By Staff Reporter
A Zanu PF youth member in Manicaland died on Tuesday night while working for a company allegedly linked to the youth league at a timber plantation.
Musekiwa Dziwire was the operations manager for Manicaland Youth Development Company—a company...
Farai Mabeza
Lake Kariba recorded its second lowest levels on record in the first quarter of the year due to the delayed onset of rains while water allocation for power generation will not be increased despite increased levels to...
Farai Mabeza
The High Court has dismissed with costs Ecocash’s application by Ecocash seeking an interdict against a Reserve Bank of Zimbabwe directive to suspend and freeze all agents accounts with a monthly transaction threshold above $100 000.
In his ruling,...
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...
Mayor Jacob Mafume says Council is using own funds and City Parking mostly for road rehabilitation and maintenance in the City as Zinara continues to allocate crumbs to the local authority which has a huge chunk of licence-paying vehicles...
