Industry is yet to gather data on how much sales are being generated in foreign currency although there is an increase in the use of domestic nostro accounts to settle transactions as RTGS liquidity b...
By Staff reporter | Published: 01 September 2020
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
About 1.2 million people in Zimbabwe have given up on securing employment, the Zimbabwe National Statistics Agency (Zimstat) has said as it reported that the national unemployment rate stood at 16 per...
By Staff reporter | Published: 17 March 2020
The government will pull a few tricks up its sleeves soon to stabilise the exchange rate as part of a broader task of creating a viable environment for business, Business Times reported.A team of Pres...
By Staff reporter | Published: 18 October 2019
Government through the National Trade Policy and Export Strategy blueprint is targeting to grow Zimbabwe's export by 10% annually to US$6.4 billion in 2023 and ultimately to US$12.4 billion by 2030 fr...
By Staff reporter | Published: 17 October 2019
LISTED fast food retail giant, Simbisa Brands Limited suffered a net foreign exchange loss of $2,7 million during the year ended June 2019, arising from revaluation of foreign denominated assets and l...
By Staff reporter | Published: 10 October 2019
NETONE CEO Lazarus Muchenje believes the state-owned mobile phone operator is on the road to recovery because of a back-to-basics strategy.Muchenje (LM) told Alpha Media Holdings chairman Trevor Ncube...
By Staff reporter | Published: 06 October 2019
Bureaux de Change are not allowed to transact with corporates or enter into twining arrangements with customers to prefund foreign currency purchases, according to a directive from the Reserve Bank of...
By Staff reporter | Published: 05 October 2019
The ZSE closed 0.9% higher after moderate gains in Econet and Innscor offset losses in Cassava and Delta. The session yielded ten gainers and ten fallers, with mid-tier stocks featuring prominently am...
By Staff reporter | Published: 02 October 2019
The Reserve Bank of Zimbabwe in partnership with other stakeholders is working on a National Fintech Strategy and has already put in place an Interagency Fintech Working Group that is expected to play...
By Staff reporter | Published: 30 September 2019
Annual inflation in Zimbabwe was 300 percent in August, according to new data released by the International Monetary Fund (IMF). At that level, the troubled southern African nation's inflation rate is...
By Staff reporter | Published: 27 September 2019
Government, through the Reserve Bank of Zimbabwe (RBZ), has moved to refine the operations of bureaux de changes to align their foreign currency exchange rate with that of the official interbank marke...
By Staff reporter | Published: 24 September 2019
THE appropriate exchange rate between the Zimbabwe dollar and the United States dollar should hover around US$1: ZWL$5,6 based on "founded quantitative estimates", Finance and Economic Development Min...
By Staff reporter | Published: 24 September 2019
The issue of the exchange rate has progressively become the focal point of local economic discourse as uncertainty continues to grip the country's future. Following the accelerated depreciation in the...
By Staff reporter | Published: 23 September 2019
The Reserve Bank of Zimbabwe (RBZ) released its monthly economic review for June detailing monetary statistics for the 2019 half year. The report comes in the build up to Governor Dr. John Mangudya's ...
By Staff reporter | Published: 23 September 2019
Exchange rate upward pressure onTHERE were signs this week that the grey market was slowly returning from its brief sabbatical following the monetary policy dawn raid of June 24 that called out the mu...
By Brett Chulu | Published: 12 July 2019
The MDC-Alliance deputy national chairperson, Job Sikhala, who was arrested on Monday for allegedly subverting a constitutionally elected Government is expected to appear before a Bikita magistrate to...
By Staff reporter | Published: 11 July 2019
Zimbabwe won't hesitate to raise interest rates above their current level of 50 percent to deal with speculative borrowers, Finance Minister Mthuli Ncube said on Monday.As inflation soared, the govern...
By Reuters | Published: 10 July 2019
Zimbabwe's mining industry expects to generate US$3 billion in revenue this year, which is short of government's US$4 billion target, an industry official has said.In 2018, the sector earned US$3,4 bi...
By Staff reporter | Published: 09 July 2019
No good deed goes unpunished.Normally, the doer of a good deed expects just a "thank you", but usually someone is adversely affected by the good deed. For example, saving someone's life from a crimina...
By Conway Tutani | Published: 05 July 2019
THE interbank exchange rate has surpassed parallel market rates with some banks offering more in local currency for those exchanging their foreign currency. Government last week outlawed the use of mu...
By Staff reporter | Published: 03 July 2019
THE interbank market exchange rates have registered increases with most banks are now paying more than the parallel market rate.NewZimbabwe.com says it's market assessment shows that the once thriving...
By newzimbabwe | Published: 02 July 2019
The Zimbabwe Stock Exchange shed 0.6% as big caps stalled under thin trading following yesterday’s significant monetary policy developments. The imposition of the 90-day vesting period for dual...
By Staff reporter | Published: 26 June 2019
THE Reserve Bank of Zimbabwe (RBZ) has increased the interest rate on its overnight window to 50 percent per annum from 15 percent in a bid to tame inflationary pressures alongside other measures mean...
By Staff reporter | Published: 26 June 2019
ZimTrade chief executive Allan Majuru says he expects the trade policy and export strategy (TPES) document meant to boost exports to be ready before the end of the third quarter.The TPES is an impleme...
By Staff reporter | Published: 20 June 2019
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
