Zimbabwe Treasury Bills rollover triggers market panic

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...

By Staff reporter | Published: 30 November 2018


Buy products and pay your Zimbabwe bills from SA with new app

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...

By Staff reporter | Published: 12 September 2018


Council threatens legal action over bills

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...

By Staff reporter | Published: 16 July 2018


Infrastructure stock rising due to Treasury Bills

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...

By Staff reporter | Published: 24 June 2018


Legal costs drown ZEC stewing in massive legal bills

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...

By Staff reporter | Published: 05 June 2018


TelOne cuts interest on bills

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...

By Staff reporter | Published: 18 April 2018


Banks find Treasury Bills love

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...

By Staff reporter | Published: 09 April 2018


Zim gives mines, farmers 6 months to clear Zesa bills

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 ...

By Reuters | Published: 12 March 2018


Bulawayo cuts bills by 50%

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 ...

By Staff reporter | Published: 13 February 2018


Business proposes freeze on outstanding bills

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...

By Staff reporter | Published: 30 January 2018


Govt pays $224,5m towards utility bills

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...

By Staff reporter | Published: 11 December 2017


'Zimbabwe could default Treasury Bills payment'

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...

By Staff reporter | Published: 19 October 2017


Zesa, BCC haggle over bills

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...

By Staff reporter | Published: 15 October 2017


'Treasury Bills illegal,' says Biti

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...

By Staff reporter | Published: 08 September 2017


Treasury Bills, loans give RBZ governor headache

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...

By Staff reporter | Published: 27 July 2017


Treasury Bills outstrip banks' equity

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...

By Staff reporter | Published: 20 July 2017


AMA to float $80 million bills for maize purchase

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...

By Staff reporter | Published: 19 July 2017


AMA to float additional $50m bills

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...

By Staff reporter | Published: 14 July 2016


$103 million Treasury Bills fully subscribed

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...

By Conrad Mwanawashe | Published: 08 April 2014


BAZ wants Treasury Bills for FCA cash

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....

By Business Reporter | Published: 12 November 2013


Zesa slashes bills

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...

By Staff reporter | Published: 01 November 2013


'Telecel Business to reduce phone bills by 80%'

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...

By Michael Hamilton | Published: 30 October 2013


ZETDC urges consumers to pay bills

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...

By New Ziana | Published: 23 September 2013


Agric Marketing Authority to issue $35m bills to finance soyabean

CBZ Bank Limited has floated Agricultural Marketing Authority Bills in a bid to raise about $35 million to finance soya bean production in the coming cropping season.An official from the bank's Invest...

By Staff reporter | Published: 16 September 2013


Zesa engages Mugabe over bills

Zesa Holdings has reportedly engaged President Mugabe's office over the proposed scrapping of electricity bills, arguing the move would be disastrous. Sources said yesterday that the utility's top ...

By Staff reporter | Published: 10 September 2013

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