BUSINESS NEWS

'Scrap bond notes'

PRESIDENT Emmerson Mnangagwa's new administration should consider scrapping bond notes, as a way of restoring confidence in the economy, industrialists have said.Zimbabwe introduced the surrogate curr...

By Staff reporter | Published: 06 September 2018

BUSINESS NEWS

Zimbabwe's bond notes vanish

BOND notes continue to vanish from the formal market, with latest statistics indicating that only seven percent of the unique currency's issued value was in circulation at the close of 2017.According ...

By Staff reporter | Published: 23 July 2018

BUSINESS NEWS

Industrialist defends bond notes

INDUSTRIALIST and United Refineries chief executive officer Mr Busisa Moyo has defended the bond note, saying the surrogate currency has never been a problem for business.Writing on his Twitter page r...

By Staff reporter | Published: 23 July 2018

BUSINESS NEWS

Only 4% of bond notes in effective circulation

Data released by the central bank shows that only 4 percent of bond notes and coins are in effective circulation, Equity Axis News reported. Effective circulation refers the portion of issued bonds th...

By Equity Axis News | Published: 19 July 2018

BUSINESS NEWS

'Bond notes are here to stay'

RESERVE Bank of Zimbabwe governor John Mangudya says the country's surrogate currency, the bond note, will be around for the foreseeable future.Zimbabwe introduced bond notes in 2016 to ease an acute ...

By Staff reporter | Published: 12 July 2018

POLITICS

Bond paper ballot case dismissed

THE High Court has dismissed a bid by little-known opposition Zanu party to force the Zimbabwe Electoral Commission (Zec) to print this year's ballot material on ordinary bond paper.High Court judge J...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

Chamisa to ditch the bond notes in 2 weeks

MDC Alliance presidential candidate Nelson Chamisa has promised to ditch the bond notes as the country’s currency."Once we assume office in August just give me two weeks to deal with cash challenges...

By Staff reporter | Published: 03 July 2018

BUSINESS NEWS

RBZ bond wipes $1bn from market

The Reserve Bank of Zimbabwe (RBZ) says it has raised over $1 billion through the issuance of savings bonds to mop up excess liquidity from the market and fund Government expenditure. Last September, ...

By Staff reporter | Published: 29 June 2018

BUSINESS NEWS

Bond notes 'a PR disaster' for Zimbabwe

THE bond note poses an international public relations problem for Zimbabwe close to two years after its introduction, clouding the country's efforts to entice international investors, a financial anal...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

'Exporters want bonded warehouses'

ZIMTRADE says it has been approached by exporters requesting the export promotion agency to engage relevant authorities to establish bonded warehouses in the country to enhance access to raw materials...

By Staff reporter | Published: 21 June 2018

POLITICS

Print ballots on bond paper, Zanu tells Zec

LITTLE-KNOWN opposition Zanu leader Chawaona Wilbroad Kanoti has dragged the Zimbabwe Electoral Commission (Zec) to court seeking an order compelling the electoral management body to print ballot pape...

By Staff reporter | Published: 05 June 2018

FINANCIAL SERVICES

RBZ can't account for bond notes in circulation

Reserve Bank of Zimbabwe (RBZ) deputy governor, Dr Jesimeni Chipika has said the central bank can no longer account for the bond notes and coins that are in circulation due to massive hoarding of the...

By Staff reporter | Published: 04 June 2018

BUSINESS NEWS

Zimbabwe advised to demonetise bond notes

GOVERNMENT has been advised to either demonetise bond notes or allow the fiat currency to float as a means of addressing financial market distortions in the country, a study paper by the Zimbabwe Econ...

By Staff reporter | Published: 01 June 2018

ZIMBABWE

More firms consider listing on bond market

TWO companies are considering listing their tradable bonds on the Financial Exchange Securities (FINSEC) to raise capital before year-end, it has emerged.FINSEC is the second securities exchange in Zi...

By Staff rpeorter | Published: 24 May 2018

MINING & RETAIL

BNC repays quarter of $20m smelter bond

Zimbabwe Stock Exchange (ZSE) listed integrated nickel miner, Bindura Nickel Corporation (BNC), has successfully repaid $5 million (25 percent) of the $20 million the company mobilised through a bond ...

By Staff reporter | Published: 18 May 2018

POLITICS

Chamisa promises to phase out bond notes

MDC-T and MDC Alliance presidential candidate, Nelson Chamisa, has pledged to retire Zimbabwe's surrogate currency, the bond notes, which are pegged at par with the United States dollar, by September ...

By Staff reporter | Published: 03 May 2018

BUSINESS NEWS

Traders reject bond coins

SOME retail shops are now rejecting bond coins as the surrogate currency introduced by the Reserve Bank of Zimbabwe (RBZ) in 2014 continues to lose value on the parallel market.Confederation of Zimbab...

By Staff reporter | Published: 02 May 2018

BUSINESS NEWS

Zimbabwe lacks capacity to issue sovereign bonds

Zimbabwe lacks capacity to issue sovereign bonds for its Sovereign Wealth Fund at the moment, a regional think-tank has warned, following a government announcement on launch of the fund shortly impend...

By Staff reporter | Published: 26 April 2018

BUSINESS NEWS

Zimbabwe plans to issue sovereign bonds

Zimbabwe is considering issuing between $2.5 and $3.5 billion in sovereign bonds after elections set for July and will use some of the money to clear arrears to foreign lenders, Deputy Finance Ministe...

By Reuters | Published: 24 April 2018

BUSINESS NEWS

Jury still out on bond notes

The introduction of bond notes led to an increase in exports but the surrogate currency has not alleviated Zimbabwe's foreign currency shortages, analysts have said.Reserve Bank of Zimbabwe (RBZ) gove...

By Staff reporter | Published: 18 March 2018

BUSINESS NEWS

Mangudya hails bond notes

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says bond notes have been successful since they have helped companies to increase both production and exports.Dr Mangudya said this when he app...

By Staff reporter | Published: 14 March 2018

POLITICS

Chamisa to scrap bond notes

MDC Alliance presidential candidate Nelson Chamisa has said his administration will bring an end to cash shortages and scrap bond notes once elected into office.He told a campaign rally in Victoria Fa...

By Staff reporter | Published: 13 March 2018

BUSINESS NEWS

Bond notes have been successful, Mangudya

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says bond notes have been successful since they have helped companies to increase both production and exports.Dr Mangudya said this when he app...

By Staff reporter | Published: 13 March 2018

BUSINESS NEWS

Zinara to float diaspora bond

The Zimbabwe National Road Administration Authority will be floating a diaspora infrastructure bond after successfully raising $105 million from the previous infrastructure bond floated last year.Zina...

By Staff reporter | Published: 09 March 2018

BUSINESS NEWS

ZINARA bond oversubscribed

THE Zimbabwe National Roads Administration (ZINARA) this week announced that its $100 million infrastructure bond had been oversubscribed by $5 million.ZINARA chief executive officer, Nancy Masiyiwa-C...

By Staff reporter | Published: 08 March 2018
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