The Reserve Bank of Zimbabwe (RBZ) says government will use some of its foreign currency tax receipts to clear delayed forex allocations from the auction system. In its monetary policy statement issued on Thursday,...
The Zimbabwe Investment Development Agency (ZIDA) signed a partnership agreement with Singapore’s development cooperation agency on Wednesday, announcing the planned construction of a 200MW solar project as an example of benefits expected to flow from economic ties...
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...
By Nelson Banya 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.
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,...
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...
By Nelson Banya 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...
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...
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