Medicine shortage: Govt intervention inadequate, industry says
THE central bank this week allocated US$6.7 million to the local pharmaceutical industry for crucial imports, but the amount falls far short of requirements.
Many pharmacies closed shop following the...
KFC chickens out of Zim operations, feathers ruffled by currency crunch
Zimbabwe’s new currency and tax reform measures seem to be coming home to roost.
KFC Africa has announced it has suspended operations in Zimbabwe, citing “current pressure on the country’s...
ZSE hits record high, and it’s not good news
THE Zimbabwe Stock Exchange hit its highest level since dollarisation on Wednesday, as investors seek a home for their money amid exchange rate volatility and inflation fears.
The main industrial...
Zimbabwe arrears plan back on track after IMF, World Bank backing
Zimbabwe’s plan to clear $2 billion in foreign arrears is back on track after receiving World Bank and IMF backing, Finance Minister Mthuli Ncube has said.
In a statement on...
SA’s Telkom eyes NetOne investment
STATE-OWNED NetOne, the country's second largest mobile operator, has opened talks with South African telecoms firm Telkom on a possible joint venture.
NetOne is one of 35 state-owned enterprises that...
RioZim sues RBZ over forex allocations, says operations under threat
RioZim is to sue the Reserve Bank of Zimbabwe over its failure to allocate foreign exchange to its mines, the gold producer has said, in a hard-hitting cautionary likely...
