Tadiwa Musiyiwa
HARARE – The Zimbabwe Reconstruction Fund (ZIMREF) disbursed US$5.4 million across 12 executed projects against a target of US$8.1 million which translated to 67% of the
spending target, as implementation was constrained by the COVID-19 pandemic.
The ZIMREF annual 2020...
Tadiwa Musiyiwa and Talkmore T Gandiwa
HARARE – CABINET has approved the Greater Chinhoyi Copper Development Programme which entails six copper initiatives which will aid towards achieving a US$12 billion mining industry.
During a Post-Cabinet media briefing, Information, Publicity and Broadcasting...
The Reserve Bank of Zimbabwe says 21 more companies are facing penalties after they were found to be abusing the foreign currency auction system.
This brings the total number of companies outed by the RBZ to 39. Of the 39,...
Sharon Chikwanha
The Reserve Bank of Zimbabwe has introduced a new $50 note which goes into circulation tomorrow, Governor John Mangudya has announced.
In a statement, Governor Mangudya said the RBZ will release $360 million through normal banking channels while banks...
Sydney Kawadza
Some areas in Zimbabwe are likely to face acute food shortages from October going into the new year despite the country receiving above normal rain during the 2020/2021 agricultural season, the Famine Early Warning Systems has predicted.
In the...
HARARE – The Reserve Bank of Zimbabwe kept its key policy rate unchanged to sustain the current inflation trajectory and support the forecast robust economic growth for 2021.
The bank policy rate was maintained at 40% and the interest rate...
Sydney Kawadza
Zimbabwe could lose considerable revenue at the Chirundu One Stop Border Post due to the chaotic scenes that continue dogging the clearance of transit cargo with transporters seriously considering using the recently commissioned Kazungula Border Post.
Intermittent disorder, high...
Tadiwa Musiyiwa
HARARE – The Reserve Bank of Zimbabwe (RBZ) has issued a directive for deducted mining royalties to be collected solely by the Zimbabwe Revenue Authority (ZIMRA) to restrain bureaucracy.
In a statement, RBZ Director Farai Masendu said payments...
By Kristalina Georgieva and Abebe Aemro Selassie
Sub-Saharan Africa is in the grips of a third wave of COVID-19 infections that threatens to be even more brutal than the two that came before.
This is yet more evidence of a dangerous divergence in...
HARARE - Zimbabwe, alongside 22 other countries were identified as having strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
When the Financial Action Task Force places a jurisdiction under increased monitoring, it means the...
