Where is Old Mutual, one of the country’s biggest investors, putting its money?
Back in February, Sam Matsekete, CEO of Old Mutual Zimbabwe, listed some of the sectors where he said his company was...
The Confederation of Zimbabwe Industries (CZI), which groups some of the country’s biggest companies, says industry was on the road to recovery, but recent government regulations on forex now threaten the progress its members have made.
Old Mutual Life Assurance Company (OMLAC) has reached a land deal with the government that moves the company a step further in its plans to build a new hotel and conference centre in Victoria Falls.
Government has imposed new forex regulations that will affect many businesses. Among the new rules, businesses can be fined for setting prices above the official exchange rate or refusing to take Zimbabwe dollars. There are also fines...
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 Farai Mutsaka
Zimbabwe’s tobacco is flourishing again. And so are the auctions where premium prices are being paid for the “golden leaf” that is exported around the world.
Most of...
The Global Trade Review, the global trade finance magazine, has named the US$296 million project to rebuild Beitbridge Border Post among its top 11 worldwide deals of the year.
Global Trade Review selects the...
Tests have confirmed the presence in Zimbabwe of B.1.617, the COVID-19 variant first identified in India, the Ministry of Health says.
VP Constantino Chiwenga said in a statement today that tests conducted on samples...
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.
Zimbabwe needs a “broader reform and stabilisation agenda” to sustain an almost year-long effort by authorities to support the local currency and lower inflation, the International Monetary Fund said.
The government should address pandemic-related health and...
