BUSINESS NEWS

RBZ suspends 30-day forex liquidation requirement

The Reserve Bank of Zimbabwe has suspended the 30-day liquidation requirement on un-utilized foreign currency balances for exporters to support its use of free-funds policy. Last week the RBZ announce...

By Staff reporter | Published: 31 March 2020

ZSE TODAY

ZSE falls as RBZ readies corporate OMO Bills to mop up excess liquidity

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...

By Staff reporter | Published: 18 March 2020

TELECOMS & TECHNOLOGY

Shares in Liquid are like $135m cash, says Mboweni

Econet Wireless Zimbabwe (EZW) CEO Douglas Mboweni has described the company's equity stake in Liquid Telecom Holdings, which is just under 10% as "a US$135 million forex reserve".Speaking about the f...

By Staff reporter | Published: 23 December 2018

OPINION

Causes of liquidity crisis and its impact on economy

DURING the past week, the media has been awash with reports of price hikes of goods and some commodities running out on the market.Products ranging from cement to chickens and other basic commodities ...

By Dr Bongani Ngwenya | Published: 09 September 2018

TELECOMS & TECHNOLOGY

Liquid offers free wi-fi to tertiary institutions under Edu-Zones

LIQUID Telecom Zimbabwe managing director, Wellington Makamure, says the interterrestial high speed optic fibre they are working on will see the creation of communication and learning zones called Edu...

By Staff reporter | Published: 26 July 2018

FINANCIAL SERVICES

Capital Bank liquidation in limbo

THE liquidation of Capital Bank is yet to proceed four years after its licence was revoked amid concerns over rising costs being accrued against the financial institution to the detriment of its credi...

By Staff reporter | Published: 06 July 2018

BUSINESS NEWS

Zimbabwe's liquidity plague to persist

ZIMBABWE'S biting liquidity challenges are anticipated to persist into the near future before government eventually introduces a local currency, a local equities group has said.Highlighting that gover...

By Staff reporter | Published: 15 June 2018

BUSINESS NEWS

RBZ secures $1,19bn worth of liquidity facilities

THE Reserve Bank of Zimbabwe (RBZ) now has $1,19 billion worth of liquidity facilities from various foreign institutions, as it seeks a solution to foreign currency shortages.In a presentation to Parl...

By Staff reporter | Published: 01 June 2018

Mnangagwa endorses $5,2bn coal-to-liquid project

PRESIDENT Emmerson Mnangagwa yesterday endorsed a $5,2 billion coal-to-liquid project deal signed between Verify Engineering and South Africa's Nkosikhona Holdings.The joint venture will see a coal to...

By Staff reporter | Published: 18 May 2018

LANDS & AGRICULTURE

Tobacco cash flows fail to improve liquidity

Foreign currency raised from this year's tobacco sales has not improved Zimbabwe's liquidity position because of the significant increase in the fuel import bill caused by a hike in international oil ...

By Staff reporter | Published: 14 May 2018

MINING & RETAIL

River Ranch seeks removal from liquidation

RANI Investments LLC, majority shareholder in, Limpopo Mining Resources (Pvt) Limited (LMR), has filed an application with the High Court seeking removal from liquidation due to a change in circumstan...

By Staff reporter | Published: 19 April 2018

TELECOMS & TECHNOLOGY

Liquid eyes more cloud services business

LIQUID Telecom has stepped up efforts to sign on more businesses to adopt Microsoft's cloud services following a partnership with the tech giant early last year.Cloud services is cloud computing, that...

By Staff reporter | Published: 12 April 2018

TELECOMS & TECHNOLOGY

Liquid Telecoms to raise cash through IPO

Econet Group subsidiary Liquid Telecom has appointed three global banks to begin a process of listing the company on a major European Exchange. Leading publication TMT Finance, which tracks potential ...

By Business Weekly | Published: 23 March 2018

INDUSTRIALS & ENERGY

Mnangagwa tackles fuel prices, liquidity

Government is set to introduce a raft of measures to rationalise fuel prices while fighting against cash challenges through ongoing engagements with several countries, Special Advisor to the Presidenc...

By Staff reporter | Published: 15 March 2018

TELECOMS & TECHNOLOGY

Liquid Telecom appoints new deputy MD

LIQUID Telecom Zimbabwe has appointed Martin Mushambadope as deputy managing director with effect from March 1, 2018. Prior to his appointment Mushambadope was the company's commercial officer.Mushamb...

By Staff reporter | Published: 08 March 2018

BUSINESS NEWS

Tobacco auctions set to improve liquidity situation

THE 2018 tobacco selling season is set to begin on March 21 with all the three tobacco auction floors that operated last year having been licenced.The opening of the crop's marketing season comes as a...

By Staff reporter | Published: 06 March 2018

BUSINESS NEWS

'Zimbabwe's liquidity to improve on strong rand'

ZIMBABWE'S balance of payments is anticipated to improve on the back of a strong South African rand and weakening US dollar, as the gap between virtual money and hard cash is set to narrow, a United K...

By Staff reporter | Published: 22 February 2018

TELECOMS & TECHNOLOGY

Liquid subsidiary unveils data centres

Leading pan-African telecommunications group Liquid telecom subsidiary African Data Centres, has launched newly expanded data centres facilities in Johannesburg and Cape Town, South Africa. The state ...

By Staff reporter | Published: 06 February 2018

MINING & RETAIL

Kingstons liquidation lifted

GOVERNMENT-OWNED stationery retailer Kingstons Holdings could soon face an avalanche of lawsuits and writs of execution after the High Court revoked its provisional liquidation status.Kingstons was pl...

By Staff reporter | Published: 02 February 2018

TELECOMS & TECHNOLOGY

Liquid Telecom's big plans for Neotel

Liquid Telecom, the fast-growing pan-African telecommunications operator controlled by Zimbabwean billionaire Strive Masiyiwa, will spend billions of rand expanding newly acquired subsidiary Neotel's ...

By Tech Central | Published: 31 January 2018

TELECOMS & TECHNOLOGY

Liquid Telecoms rapped over back-up systems

Government is investigating Liquid Telecom for not having adequate back-up systems, resulting in an Internet glitch last week, which led to the disruption of social media applications. Information Com...

By Staff reporter | Published: 12 December 2017

TELECOMS & TECHNOLOGY

Liquid Zim customers tour company operation

Liquid Telecom Zimbabwe took customers on a tour of its facilities, as it commemorated the customer service and support week.The Customer Service Week ran from October 2 to 6 under the theme, Building...

By Staff reporter | Published: 15 October 2017

MINING & RETAIL

Jaggers liquidator denies graft claims

GRANT Thornton, which is overseeing the liquidation of Jaggers Wholesalers, has dismissed claims by ex-workers that the exercise had been hit by corruption.Former workers told The Financial Gazette th...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

'Liquidity crisis a temporary setback'

THE prevailing liquidity challenge in the economy is a temporary phase that should not distract industry focus on improving productivity.Industry and Commerce Deputy Minister Chiratidzo Mabuwa said th...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Cash hoarding worsen liquidity challenges

The retail sector has raised concern over poor monitoring mechanisms by monetary authorities as some companies are not banking their cash for circulation purposes.As the cash crisis increases, the ret...

By Staff reporter | Published: 26 July 2017
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