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Monday, August 26, 2019
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AU, AfDB sign US$4.8m AfCFTA grant

The African Development Bank Group has given the African Union (AU) a US$4.8 million institutional support grant for the implementation of the continental free trade area. The...

Firms, individuals exchange US$60m

LIVINGSTONE MARUFU ZIMBABWE'S companies and individuals have exchanged over US$60m on the interbank foreign exchange market on a willing-seller basis since the banning of the multi-currency...

Cambria wins High Court US dollar case

PHILLIMON MHLANGA London-listed Cambria Africa PLC has won a legal case against Breastplate Services trading as Nemchem International over payment of outstanding shares obligation in United...

Zisco deal hangs in balance

TINASHE MAKICHI The takeover of the Zimbabwe Iron and Steel Company (Ziscosteel) by a Chinese investor, Guangzhou R&FA, is standing on shaky ground following revelations...

Zim firms face going concern crisis

PHILLIMON MHLANGA Financial experts have warned that several companies could fold this year due to uncertainty around the country’s new monetary reforms. In June, Zimbabwe re-introduced...

Zim scales down wheat production to 29 000ha

LIVINGSTONE MARUFU ZIMBABWE has scaled down wheat production to 29 000 hectares from the initial target of 75 000 hectares for the 2019 winter wheat...

Electricity tariff hike imminent as Mthuli presents mid-term review

TINASHE MAKICHI   Finance and Economic Development minister Mthuli Ncube will today announce an electricity tariff review to improve the viability of the country’s power utility in...

Majuru resigns as ZTA board chair in corporate governance protest

TINASHE MAKICHI Zimbabwe Tourism Authority board chairman Osborne Majuru  resigned from his position and the board in protest against Environment, Tourism and Hospitality Minister’s Minister...

Govt in new TBs issuance

NDAMU SANDU Government will borrow ZWL$30m from the domestic market to finance its programmes in a second auction system which is more market-oriented and improves the process...

Interbank trades US$740mln in six months

LIVINGSTONE MARUFU ZIMBABWE’s interbank foreign exchange market has traded US$740 million in the first six months since its establishment in February as the monetary authorities...