Here’s how RBZ can promote use of the local currency: (WATCH)

HARARE - The quickest way to promote ZWL is for the government to start accepting ZWL for stat obligations. Mining companies need not be burdened by paying taxes, electricity in forex when 40% is...
Climate Change

Enlightened climate policy for Africa

Aloysius Uche Ordu, Arunma Oteh, OON, and Jeanine Mabunda Lioko As the world convenes in Glasgow for the 26th United Nations Climate Change Conference of Parties (COP26), it is time to recognize Africa’s role in...

Zimplats Q-September production down 7%

Itai Ndongwe Zimplats PGM production in the quarter to September 2021, decreased 7% from the previous June quarter, weighed down by lower ore mined. In a trading report for the period, the group said 1.8 million...

Border Timbers F21 profitability declines 40%

Itai Ndongwe/Tadiwa Musiyiwa Border Timbers recorded a 40% decline in profitability for the year to June which was weighed down by poor production performance. According to the group’s trading update for the year functional currency profit...
R

Exploitation and Abuse: The untold anguish of street life

By Kovedzayi Takawira The phenomenon of children living on the streets is not something new, nor is it restricted to certain areas. The United Nations reports that an estimated 150 million children live on the...

Miners losing 20% in gross export proceeds due to exchange rate disparities

Christopher Mahove  Mining companies have said foreign exchange retentions at 60% are inadequate to meet their operational requirements with the value of surrender portion that is liquidated into local currency at the official rate being...
The African Development Bank headquarters in Abidjan, Cote d'Ivoire

Zimbabwean appointed AFDB South Sudan country manager

The African Development Bank has announced Zimbabwean national and economist Themba Bhebhe as the new country manager for South Sudan effective October 1, 2021. Bhebhe, has been with the bank since 2002. Prior to this...
The AfCFTA is an unmissable opportunity to mitigate the effects of COVID-19 pandemic by allowing the free movement of pharmaceuticals and PPE as well as the free exchange of technical expertise

Zimbabwe could miss out on AfCFTA opportunities

Christopher Mahove Zimbabwe could lose out on the vast opportunities that exist in the African Continental Free Trade Area because the country is not manufacturing enough for exports and has some of the most...
Schools opening has been deferred until further notice

Government to construct 200 schools: FinMin

Staff Writer The government will next year build 200 schools across the country and rehabilitate 1500 others as it moves to decongest the learning institutions. This was revealed by Finance and Economic Development Minister, Mthuli Ncube...

CRZ warns of product shortages

By Takudzwa Musakasa The Confederation of Retailers in Zimbabwe {CRZ} has warned the continued arrest of retailers on charges of abusing the foreign exchange system could lead to product shortages on the market and create...