ZANU PF’s congress ended Saturday with customary singing and dancing, but the party knows it has little time for fanfare as it shifts into campaign gear for 2023.
The ruling party’s Central Committee report...
Distributed Power Africa (DPA), the energy arm of Cassava Technologies, has signed an agreement with Varun Beverages to install a 2.5MWp rooftop solar plant at the Pepsi bottler’s Harare factory.
The two companies agreed...
Zimbabwe is close to paying off the US$100 million that it owes international airlines, a debt that had threatened air travel into the county.
The country has now paid 90% of what it owes...
Zimbabwe is in debt distress, and the country has been looking for solutions on how to emerge from it.
The Ministry of Finance's Public Debt Management Office has recently released a medium-term debt management...
Government must order a cut on bank charges and slash interest rates, Members of Parliament say.
Banks are charging too much for transactions, and interest rates of 200% are hurting businesses, MPs said during...
Results from Zimplow, the country’s biggest supplier of farm and construction equipment, show the impact that government’s move to fight inflation by draining the market of liquidity has had on some businesses.
Zimplow performed...
Zimbabwe plans to fund the bulk of its budget deficit from domestic sources until 2025 as it continues to be locked out of international debt markets, the Finance Ministry said in a policy document.
Finance Minister Mthuli Ncube says interest rates must remain above 200% into 2023 to contain inflation, resisting pressure from businesses who say the high borrowing rates are stifling recovery.
The Reserve Bank of Zimbabwe...
“Zimbabwe will be an upper middle-income country by 2030” is a slogan that officials in the country love repeating. But this would need unlikely growth rates of between 8%-9% over the next seven years, according to a...
Tharisa is targeting Zimbabwean pension funds and banks in a US$50 million bond on the Victoria Falls Stock Exchange (VFEX) to help fund Karo Platinum, the new mine that the Joburg-listed miner has started building in Zimbabwe.
