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,...
Davison Kaiyo
HARARE – Zimbabwe has launched its first ever Information Communication Technology (ICT) Device Factory, which will see the country manufacture and assemble laptops, desktop computers ICT devices with 150 000 units expected to be produced annually for both...
Davison Kaiyo
HARARE – Government has deleted Section 36 of the Finance (No 2) Act of 2020 which it says had caused some misconception to some investors and stakeholders in the mining sector.
In a joint statement the Ministries of Finance,...
Davison Kaiyo
Government has entered into an agreement with Great Dyke Investments (GDI) that would see the new player in Zimbabwe’s platinum mining sector enjoying a five-year tax break.
This follows that approval of Special Mining Agreement signed between government and...
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...
Itai Ndongwe
HARARE - The World Bank has announced the Reserve Bank of Zimbabwe (RBZ) as the latest member of the Reserve Advisory & Management Partnership (RAMP).
The RBZ joined RAMP through a World Bank Group multi-donor trust fund designed to...
Staff Writer
A team from the International Monetary Fund is expected in Zimbabwe later this month to conduct the annual Article IV Consultation mission. The team will also be looking at the new currency arrangement, the ZIG.
IMF Communications Director Julie...
Farai Mabeza
ZIMBABWE is currently working on reviewing and developing the second Zimbabwe Agriculture Investment Plan (ZAIP) as it continues to struggle to fully harness its agriculture potential.
This was revealed by the Lands, Agriculture, Water, Culture and Rural Resettlement deputy...
Sharon Chikwanha
The Reserve Bank of Zimbabwe has introduced a new $50 note which goes into circulation tomorrow, Governor John Mangudya has announced.
In a statement, Governor Mangudya said the RBZ will release $360 million through normal banking channels while banks...
HARARE – Government has warned Banks against implementing arbitrary charges and liquidating civil servants’ bonuses saying the payments are to be made in foreign currency without deductions.
In a statement dated 3 December 2021, the Minister of Finance and Economic...
