The stock market fell on Wednesday but at a much slower pace as investors have adopted a somewhat wait and see approach until the dust settles on the ongoing currency reforms that Treasury and the Res...
Telone trimmed its debtors' book by 7% from $162 million in 2017 to $151 million in 2018, but is still struggling to recover debts owed by government departments and parastatals totalling $93 million ...
FINANCE minister Mthuli Ncube's engagement with market players to explore options for restructuring the Treasury Bills (TBs) to longer tenure - effectively rollovers of maturities - and surging inflat...
Zimbabweans living and working in South Africa have received a shot in the arm with the launch of free mobile transacting and basic insurance services, AMA.ZING Diaspora. The mobile solution developed...
The Masvingo City Council has given residents with outstanding water bills dating up to five years, a seven-day ultimatum to pay or risk legal action. The move has been met with stiff resistance by re...
Treasury Bills (TBs) have mostly been channelled towards infrastructure development and Government had managed to keep its borrowing under manageable levels, Finance and Economic Planning Minister Pat...
With the clock ticking towards make-or-break harmonised polls on July 30, the Zimbabwe Electoral Commission (Zec) is stewing in massive legal bills following an increase in the number of election-rela...
STATE-OWNED telecoms operator TelOne has reduced the interest rate it had been charging on outstanding bills for businesses backdating to 2009 to 0,04%, the Zimbabwe National Chamber of Commerce (ZNCC...
Zimbabwean banks have increased their uptake of Treasury Bills (TBs) as the short-dated securities offer better returns and are as good as money.Treasury Bills are used by government when borrowing fr...
Zimbabwe's state-owned electricity distributor has given businesses, including mines and large-scale farms, six months to clear their bills or risk being cut off and face litigation, the company said ...
THE Bulawayo City Council has given the city's businesses a lifeline by slashing bills by 50 percent in a move aimed at stemming company closures.Most businesses have been struggling to pay bills due ...
THE Zimbabwe National Chamber of Commerce (ZNCC) has called on TelOne to freeze all outstanding bills backdating to 2009, adding the 3% interest rate charged on them was choking businesses.Speaking at...
The government has paid $224,5 million to service providers towards bills accrued by line ministries and departments over a long period.Service providers are owed millions of dollars by the government...
THE Parliamentary Budget Office has warned that the Government could default on its Treasury Bills payment obligations on maturity, a development it fears could leave most local commercial banks, whic...
Zesa Holding's debt to Bulawayo City Council (BCC) has ballooned to $114 million as at August 31, but the power utility is refusing to acknowledge it, latest council minutes show.On the other hand, BC...
THE setting up of the Zimbabwe Asset Management Company (Zamco) to absorb non-performing loans (NPLs) and the issuance of Treasury Bills (TBs) by the Reserve Bank of Zimbabwe (RBZ) without parliamenta...
RESERVE Bank of Zimbabwe (RBZ) governor says he is worried about the creation of money through the issuance of Treasury Bills and loans which is causing a mismatch between local RTGS balances and nost...
THE value of Treasury Bills (TBs) has outstripped bank equity capital by 1,7 times, a new report indicated this week, raising questions over the financial sector's ability to continue absorbing the pa...
THE Agricultural Marketing Authority (AMA) plans to float $80 million worth of bills to finance the buying of local maize for the 2017 season.During the same period last year, AMA floated an additiona...
The Agricultural Marketing Authority (AMA) has been granted authority to float an additional $50 million bills for maize purchase for the 2016 season.Said Ministry of Agriculture, Mechanisation and Ir...
NINE financial institutions have fully subscribed for the $103 million Treasury Bills floated by the Reserve Bank of Zimbabwe last month with CBZ Bank snapping up more than half of the amount on offer...
BANKS have proposed the conversion of outstanding foreign currency accounts balances appropriated by the Reserve Bank of Zimbabwe during the height of the hyperinflationary period into Treasury paper....
Cash-strapped Zimbabweans are set to get relief from national power utility Zesa's decision to scrap electricity bills beginning today. Josh Chifamba, Zesa chief executive yesterday confirmed to...
Telecel today (Wednesday) announced the introduction of a special product for businesses and other organisations, Telecel Business, which it estimates could reduce their phone bills by as much as 8...
Zimbabwe Electricity Transmission and Distribution Company has urged consumers to pay their bills to ensure uninterrupted supplies.ZESA slashed domestic debts by $160 for every household while writing...