HARARE - Reserve Bank of Zimbabwe says it has cleared the allotments backlog on the foreign currency auction system after it released US$100mln into the market last Friday. The auction backlog was stretching for up to six and seven...
HARARE - Zimbabwe platinum production rose 11% in the first quarter to 120koz while it is estimated to grow 2% to 457koz in the full year (2021).
According to the latest global platinum production report from the World Platinum Council,...
Davison Kaiyo
HARARE – Reserve Bank of Zimbabwe (RBZ) has disbursed USD1.17 billion since the auction started in June last year with Bakhresa group-owned Blue Ribbion topping the list of beneficiaries having accessed over USD17 million over the 10 months’...
Imani Countess
This is “no longer business as usual,” declares Peter Mutasa, President of the Zimbabwe Congress of Trade Unions (ZCTU). “Unions are going to be united.”
According to Mutasa, the situation in the country is dire, with basic salaries at...
HARARE - Zimbabwe has recorded a 3% increase in gold earnings in the four months to April at US$297.46 mln from US$289.52 mln recorded in the same year ago period.
Latest figures show that April earnings increased 53% to US$97.06mln...
HARARE - The Reserve Bank of Zimbabwe expects inflation to go down below 55% by July 2021 in line with its current declining trend.
In Monetary Policy Committee deliberations published today, the RBZ said the committee had reaffirmed its commitment...
Davison Kaiyo
HARARE – Seventeen African heads of state signed on to the commitment to boost agricultural production by doubling current productivity levels through the scaling up of agro-technologies. This will include investing in access to markets, and promoting agricultural...
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...
Davison Kaiyo
HARARE – Cement manufacturers are seeking government intervention in reducing key cost-drivers that are making its products uncompetitive compared to its regional peers.
This came out at the commissioning of Lafarge Cement’s new US$2.8m dry mortar plant with the...
Davison Kaiyo
HARARE – In order to attract investments into the pharmaceutical industry, a new strategy document is proposing tax incentives into the sector.
According to the Pharmaceutical Manufacturing Strategy in Zimbabwe: 2021-2025 which was approved in Cabinet yesterday, competitiveness of...
