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THE liquidation of Capital Bank is yet to proceed four years after its licence was revoked amid concerns over rising costs being accrued against the financial institution to the detriment of its credi...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