Charging above the official exchange rate and refusing to take Zimbabwe dollars will attract fines under new regulations gazetted by Government. There will also be penalties for companies that misuse the forex they get...
So, Zimbabwe could soon come into some money. Nearly US$1 billion, courtesy of a general US$650 billion allocation by the International Monetary Fund (IMF) to all its 190 members. The IMF executive board will...
Although the Zimbabwe Energy Regulatory Authority hopes the country will generate 1,100MW from non-hydro renewable energy sources by 2025, Zimbabwe’s best chance for electricity near-term self-sufficiency lies on the vast coalfields of Hwange, where nearly 1,000MW in...
Zimbabwe expects one of its biggest harvests in a long time this year, thanks to good rains, improved preparation and an emerging crop of young farmers.  The government expects as much as 2,8 million...
Afdis, Zimbabwe’s biggest maker and distributor of spirits, wines and ciders, says sales volumes grew 39% in the six months to December, and the company sees further growth on anticipated better harvests. The company...
Zimbabwe has agreed to refinance its US$1,4 billion debt with the Afreximbank, which will see the pan-African lender raising funds to give the country some breathing space on repayments, newZWire has learnt. The deal,...
Formal diaspora remittances amounted to a record US$1 billion in 2020, up 58% from the previous year, central bank data showed on Thursday, partly reflecting how COVID-19 lockdowns limited informal money transfer channels. Remittances...
The Zimbabwe Banks and Allied Workers Union (Zibawu), the sole union for the financial services sector, says it has rejected a wage increase of about 350% tabled by employers during ongoing negotiations. According to...
Zimbabwe’s fuel import bill fell by more than 50% in 2020, from US$1.2 billion the previous year. Figures recently released by the Zimbabwe National Statistics Agency (ZImstat), capturing data up to November, show that fuel imports amounted...
Tanganda has installed a 1.8MW solar plant at one of its tea estates and plans to complete two more solar farms at two other estates by year end, as part of the Meikles group’s plan to expand its agriculture...
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