BARCLAYS Bank Zimbabwe becomes First Capital Bank in October, shedding its century-old brand, but the bank has already abandoned its former conservatism, gorging on government securities in a manner it never did under its previous owners. FMB Capital of Malawi...
Zimbabwe’s new currency reforms are a “step in the right direction” towards solving market distortions, but they have to be backed up by prudence on the fiscal side and market-driven interest rates, the International Monetary Fund (IMF)...
ZIMBABWE tobacco sales have reached 220 million kg, the highest since land reform began and the second highest output of all time. A total of 221,829,400 kg had been sold on auction and contract by Tuesday, according to Zimbabwe Tobacco...
Devaluation of the local bond-note is said to be one of the considerations at central bank ahead of Wednesday’s monetary policy statement. But that is just one piece of a complex puzzle for Reserve Bank of Zimbabwe...
Zimbabwe’s new currency will be backed up with fiscal discipline, Finance Minister Mthuli Ncube says, adding that the government would allow the RTGS dollar to fluctuate but would manage excessive volatility. Ncube spoke as...
Zimbabwe’s currency reforms have not gone far enough and complete liberalization is needed to end a critical shortage of foreign exchange that is hampering business, senior executives from the nation’s mining industry said. Zimbabwe...
Zimbabwe has lost 50 000 cattle over the past year because it does not have foreign currency to import vaccines and dip chemicals, whose demand has grown as rising temperatures breed more disease. More cattle are likely to die in...
By Fitch Solutions Key View: The election of Emmerson Mnangagwa as President of Zimbabwe presents growing upside risks to growth in the country's mining industry over the coming years. However, we are holding off on revising the country's production forecasts...
The MDC's bold plan to join Southern African customs and currency blocs has implications beyond Zimbabwe's borders, write Catherine Grant Makokera and Brian Mureverwi IF it came off, a proposal by Zimbabwe’s official opposition to join the oldest customs union...
It is a literal portrayal of how Zimbabwe's foreign currency shortages are keeping investors away. Brokers on the Zimbabwe Stock Exchange (ZSE) are failing to access the market’s automated trading platform after the software supplier withdrew support services due to...
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