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.
Browsing: Business
Metallon sells gold assets to Tagwirei’s Landela
Mzi Khumalo’s Metallon has completed the sale of Shamva Mine to Kuda Tagwirei’s Landela Mining Ventures, while the sale of Mazowe Mine
Govt seek $5 million for COVID-19 fight
GOVERNMENT is seeking to raise $500 million through Treasury Bills (TBs) to meet the COVID-19 pandemic expenditure, the Reserve Bank of Zimbabwe
Transport and logistics start up defy economic headwinds
Transport and Logistics start-up, MartGreen international is gradually penetrating the cut throat market despite the economic challenges bedeviling the economy with a
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 […]
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 […]
Premier appoints non-executive chair
ZIMBABWE-FOCUSED miner, Premier African Minerals has appointed Neil Herbert as its non-executive chairman with immediate effect.
CBZ Bank Launches Money Transfer Centre
With the world now a Global Village, it is imperative for local players to establish strategic partners that will help them to
African Sun reopens Troutbeck
AFRICAN Sun Hotels and Resorts says it has completed refurbishments at its Troutbeck Resort which reopened its doors today.
JUST IN: RBZ invites all forex holders to use new auction systems
The Reserve Bank of Zimbabwe (RBZ)’s monetary policy committee (MPC) has implored all holders of foreign currency to sell their money through the apex bank’s auction market at their preferred prices, to enhance the efficiency and effectiveness of the new platform.