Browsing: Business

Business
0

Forex auction restores hope

The foreign exchange auction system, which had a flying start, has reignited prospects of a stable Zimbabwe dollar, which would help forestall the impact of the fallout from the coronavirus pandemic.

Business
0

Cabinet approves revised Gwanda solar project

Business Reporter CABINET on Tuesday approved the revised implementation plan for the 100 megawatt (MW) Gwanda solar project that commits to deliver the first 10MW within six months after signing of financial closure agreements and fulfilment of all outstanding conditions precedent. Energy and Power Development Minister Advocate Fortune Chasi quickly pointed out that he will […]

Business
0

RBZ adjusts rate to support forex auction system

Golden Sibanda Senior Business Reporter The Reserve Bank of Zimbabwe (RBZ) on Tuesday restored the bank policy rate to 35 percent as part of measures to curb speculative borrowing and support the smooth functioning and sustainability of the foreign exchange auction system. Generally, a bank policy rate is the rate used by central banks to […]

1 2 3 4 5 258