Reserve Bank of Zimbabwe governor John Mangudya on Monday defended the central bank’s interest rate policy against charges that negative rates were fuelling exchange rate instability and inflation.
The central bank on Monday maintained...
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya served up his first monetary policy speech of the year on Monday in typical fashion; over-optimistic bluster topped with a pious sermon explaining away his policies.
The Reserve Bank of Zimbabwe (RBZ) has processed claims for foreign currency-denominated legacy debt worth US$1.2bn, rejecting dodgy requests worth US$861 million, governor John Mangudya revealed on Monday.
After ending dollarisation last year,...
Zimbabwe is well on course to complete de-dollarisation, with the process expected to take five years, central bank governor John Mangudya said on Monday.
The country officially ended a decade of dollarisation last June,...
The European Union says Zimbabwe’s failure to bring “substantial
reforms” is behind the country’s deepening economic crisis, as the bloc extended
sanctions on the Zimbabwe Defence Industries (ZDI) and suspended restrictions
on Grace Mugabe.
The EU...
A one-stop border post that will fast-track trade between South Africa and Zimbabwe will be fully operational at Beitbridge in 2024, according to South African Home Affairs Minister Aaron Motsoaledi.
The crossing is one...
Caledonia Mining Corporation says earnings for 2019 will be "substantially higher" than forecast on firmer gold prices, higher than expected output and costs that were lower than projected.
The Toronto-listed company runs the...
Prospect Resources, which is developing a lithium mine at Goromonzi, reports that it has discovered a "significant" presence of caesium, a rare mineral used for various purposes such as hydraulic drills and GPS technology.
Trafigura has bought out Kudakwashe Tagwirei from Sakunda, which could help the company, one of the world's largest oil and metals brokers, to stave off the likely impact of growing Western and local pressure on its long-time...
Sales volumes at Seed Co, the country’s largest seed producer, fell 24% in the nine months to December, hit by drought, weak consumer spending and lower purchases from Government.
Volumes were 3% down...
