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...
HARARE – The Reserve Bank of Zimbabwe kept its key policy rate unchanged to sustain the current inflation trajectory and support the forecast robust economic growth for 2021.
The bank policy rate was maintained at 40% and the interest rate...
Staff Writer
Zesa Holdings though its subsidiary, the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has launched a US$35 million smart and prepaid metering roll-out programme, which will enable to reduce the ever growing debt risk.
At present, ZETDC is owed...
Itai Ndongwe
Zimbabwe is bracing for a repetition of the devastating power disruptions caused by the 2015-2016 El Niño event, a cyclical climate phenomena associated with greater Pacific Ocean temperatures and clouds over southern Africa.
With the country already suffering with...
Talkmore Gandiwa
The Infrastructural Development Fund of Zimbabwe Bank is currently working with several independent power producers to increase the power generation capacity of the country.
In September last year, the IDBZ issued a request for proposals seeking partners for the...
Christopher Mahove
The Zimbabwe Revenue Authority has given traders who are falsifying their foreign currency financial records, a December 31 ultimatum to voluntarily declare all under declared financial records. Those who fail to meet the deadline will face rigorous audits, prosecutions...
HARARE – Local manufacturing sector capacity utilization during fourth quarter (Q4) of 2021 marginally increased by a single percentage point to 66% from 65% prior quarter indicating the continued capital investment by Zimbabwean firms to boost production despite facing...
By Talkmore Gandiwa
Economic analysts have welcomed the Victoria Falls Stock Exchange (VFEX) financial service centre saying investors will have greater protection than they presently have.
This comes after the Minister of Finance and Economic development, Mthuli Ncube said the government...
HARARE - Zimbabwe is to be an early adopter of International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards to be issued by the International Sustainability Standards Board (ISSB) in 2023, following a resolution by the Public Accountants and Auditors...
The government has moved to clamp land barons this came out at the 35th post cabinet briefing presented by acting Minister of Information Dr Jenfan Muswere, who is the Minister of Information Communication Technology (ICT), Postal and Courier Services...
