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Tuesday, February 19, 2019
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Air Zim moves in to curb arbitrage

STAFF WRITER Financially-troubled national airline Air Zimbabwe (AirZim) has instructed its travel agents to start charging in foreign currency for passengers flying into the country...

IDC to engage two regional DFIs for $50m credit line

TINASHE MAKICHI The Industrial Development Corporation of Zimbabwe (IDCZ) will engage two regional development finance institutions for a $50 million loan aimed at kick-starting...

Monetary Policy must offer concrete solutions

The governor of the Reserve Bank of Zimbabwe (RBZ), John Mangudya, is expected to present his Monetary Policy Statement (MPS) soon amid high expectations...

ZAMCO takes over $1.13 bln NPLs

Tinashe Makichi The Zimbabwe Asset Management Corporation (ZAMCO) has to date assumed non-performing loans amounting to $1,13 billion with efforts currently underway to make sure that all...

Zim lost $80 million from looting– analysts

Taurai Mangudhla Zimbabwean property and business owners could have lost at least $80 million from looting following a three-day stay away. The shutdown, being the second...

Zim seeks $500m credit lines

BERNARD MPOFU Zimbabwe is seeking up to $500 million in credit lines from private sector lenders to buy fuel and oil the economy after South...

$32m windfall for Delta shareholders

STAFF WRITER The country’s largest brewer, Delta Corporation Limited, will spend almost $32 million in dividends payout, becoming one of the country’s top dividends payers. Delta...

Megaphone economics will not solve the country’s woes

Finance and Economic Development Minister Mthuli Ncube is in Davos at the World Economic Forum, and as expected he is selling Brand Zimbabwe, projecting...

It happened in Germany; lack of truthful dialogue is hurting Ncube

Chris Chenga At any pivotal societal inflection point, wise nations have sought out to have structures of a Truth and Reconciliation Commission. Cases of these are...

Oil Prices Fall on Record High US crude production

SINGAPORE - Oil prices fell on Thursday in Asia after the US Energy Information Administration (EIA) reported that US crude oil production reached a...