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‘Industry gets 25 percent forex from black market’
CZR president, Denford MutashuINDUSTRIALISTS and retailers were sourcing at least 25 percent of their foreign currency requirements from the black market, a Confederation of Zimbabwe Industries...
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Nostro facility to run for eight months: Mangudya
Reserve Bank of Zimbabwe governor John MangudyaRESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday said the US$600 million nostro stabilisation facility from the African Export Import Bank...
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Government consolidates import laws
Industry and Commerce, Minister Mike BimhaTHE Ministry of Industry and Commerce has consolidated a number of Statutory Instruments (SIs) issued in the past year to control the importation of goods...
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Stop money printing to save economy: CZI
CZI president, Sifelani Jabangwe.THE Confederation of Zimbabwe Industries (CZI) yesterday urged the central bank to stop excessive money printing through the real time gross settlement (RTGS), saying...
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Government burns through cash
President Robert MugabePRESIDENT Robert Mugabe’s government has run up a cumulative budget deficit of more than $3 billion since 2014, funded through local borrowings which have fuelled inflation and...
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President Mugabe to reshuffle cabinet next week
President Robert MugabePRESIDENT Robert Mugabe said Saturday underperforming ministers will fall by the wayside when he reshuffles his cabinet next week.The veteran president, who was addressing his...
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President Mugabe reshuffles cabinet
President Robert MugabePRESIDENT Mugabe has, reassigned 10 ministers and made eight new appointments in a cabinet reshuffle announced last night. The appointments are with immediate effect.REASSIGNED...
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Mugabe’s ‘election Cabinet’
President Robert MugabePRESIDENT Robert Mugabe on Monday night announced a widely anticipated mini-Cabinet reshuffle, his second in two years. Mugabe made eight new appointments, reassigned 10 other...
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NSSA demands RTG directors’ exit
NSSA board chairperson, Robin VelaTHE National Social Security Authority (NSSA) has tabled a plan to fire three Rainbow Tourism Group (RTG) board members, a week after it increased its shareholding in...
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Enock Kamushinda gatecrashes NRZ party
Enock KamushindaCABINET ministers took their fight over the $400 million National Railways of Zimbabwe (NRZ) recapitalisation deal to Zimbabwe’s bilateral economic talks with South Africa early this...
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EcoCash suspends international debit card
Econet Wireless CEO Douglas MboweniECOCASH, the country’s largest mobile payment platform, has suspended use of its Mastercards outside the country due to worsening foreign currency shortages. The...
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AirZim suspends CEO
Ripton MuzendaTROUBLED national airline, Air Zimbabwe (AirZim), has suspended its chief executive officer (CEO), Ripton Muzenda, pending dismissal for allegedly opposing a board resolution to retrench...
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Over 50 people apply for SEZA top job
Special Economic Zones Authority chairman Gideon Gono MORE than 50 people applied for the job to head the Special Economic Zones Authority (SEZA), which was on the market for a chief executive officer....
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Barclays leaders key to transition — Mandiwanza
Barclays Zimbabwe chairman Anthony MandiwanzaBRITISH lender Barclays Plc last week concluded the disposal of its Zimbabwean unit to Malawi’s FMB Capital Holdings (FMBCH) after it was given the...
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Bonyongwe calls for ZSE circuit breakers
Zimra chairperson, Willia BonyongweZIMBABWE Revenue Authority (Zimra) chairperson Willia Bonyongwe has called on the Zimbabwe Stock Exchange (ZSE) to consider introducing circuit breakers as a way of...
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Zimra Q3 revenue 19 percent above target
The positive performance is attributable to higher collections in value added tax on local sales and imports, individual tax, excise duty and company tax.THE Zimbabwe Revenue Authority (Zimra) recorded...
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Patrick Zhuwao targets NSSA
Minister of Public Service, Labour and Social Welfare, Patrick ZhuwaoNEWLY appointed Minister of Public Service, Labour and Social Welfare, Patrick Zhuwao, yesterday reinstated sacked National Social...
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President Mugabe removed as WHO goodwill ambassador
President Robert MugabeGENEVA – Zimbabwean President Robert Mugabe has been removed as a WHO goodwill ambassador, the World Health Organization (WHO) said on Sunday following an outrage among donors...
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Zimbabwe’s forex rates defy crackdown
As at mid-morning yesterday, the US dollar to Bond note rate stood at 30 percent, while bank transfers to the greenback ranged between 55 percent to 60 percent.AFTER a brief lull, Zimbabwe’s cash...
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Zim manufacturers hike prices
CZI president, Sifelani Jabangwe.MANUFACTURERS, reeling from a plethora of economic woes, have increased prices by up to 10 percent in the past few months, industrialists have confirmed. During the...
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