FBC Bank managing director Webster Rusere says the bank still allows forex cash withdrawals for depositors holding ‘free funds’, allaying fears raised by a leaked internal circular which appeared to change rules on the operation of foreign...
By Chris Chenga
On September 15, 2008, Lehman Brothers filed for bankruptcy in New York State. It has been eleven years and a week since; the ideals of free markets and financialisation of economies...
Finance Minister Mthuli Ncube has established a nine-member monetary policy committee (MPC), as part of measures to help bring credibility to policy as the economy pushes towards its own currency.
The MPC has been...
The Zimbabwe government has approved a US$51 million farm equipment deal with John Deere, as it looks to plug an implements shortage that it says has depressed harvests.
Under the facility, John Deere’s Africa...
Zimbabwe is to start shipping 17,000 tonnes of maize from Tanzania on Monday under an agreement with the Tanzania-Zambia Railway Authority (TAZARA) and Zambian rail.
TAZARA, Zambia Railways Limited (ZRL) and the National...
Caledonia Mining has downgraded its guidance on annual production at Blanket Mine to account for lower-than-expected grade and unreliable power supply. Production guidance for 2019 has been cut to between 50,000 and 53,000 ounces, down from...
In just over a month since Zimbabwe dropped the multicurrency system, investors on the Zimbabwe Stock Exchange have lost over US$2 billion, and brokers say the market is now at its lowest value since 2009.
As the gold price touched all-time highs late August 2011, Zimbabwe’s government was not, as would be expected, doing all it could to ensure the country capitalised on the boom. Instead, the government was moving to cancel...
Zimbabwe’s central bank on Wednesday sought to raise 30
million Zimbabwe dollars ($3.27 million) at its first public auction of
treasury bills since 2012.
Between 2013 and last year, the government held private
auctions for banks...
Reserve Bank of Zimbabwe has carried out its first public Treasury Bill (TB) auction in years, hoping to gauge appetite for the paper while preparing to issue a long-term infrastructure bond.
Ncube announced...
