HARARE – Finance and Economic Development Minister Mthuli Ncube has set in motion measures to steady the volatility of the exchange rate with the latest of the four market signals released so far, being the suspension of fungibility of...
Munyaradzi Doma
The Government has approved a cash transfer programme which will benefit all those affected by the 21-day national lockdown, which was ordered by President Emmerson Mnangagwa to contain the spread of the deadly Covid-19.
The cash transfer programme which...
Farai Mabeza
HARARE – Zimbabwe expects that 30 percent of all tobacco sales will be done outside Harare after Government gazetted a statutory instrument authorising the setting up of decentralised tobacco auction sites in the wake of the COVID-19 pandemic,...
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 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...
Tapiwanashe Mangwiro
HARARE - Zimbabwe Asset Management Company (Zamco) has so far resolved $452 million of the bad debts it mopped up and said they are still in line to meet the annual $140 million target.
In February 2020, the debt...
HARARE – The 2019 Novel Coronavirus pandemic has dented any hopes of growth in 2020 with the International Monetary Fund also forecasting a gloomy global picture for the year. The Covid-19 pandemic is threatening to be more devastating than...
Staff Writer
The Deposit Protection Corporation has announced that it will start covering foreign currency accounts {FCA’s} from potential banking sector risks with effect from t December31, 2021 following consultations with stakeholders.
In a statement, DPC Chief Executive Officer, Vusilizwe Vuma...
Farai Mabeza
Government has blamed foreign exchange woes for its failure to develop adequate irrigation infrastructure in the face of consecutive droughts experienced in Zimbabwe.
In the Annual Budget and Economic Review for the 2019 fiscal year, government acknowledged that the...
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...
