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Wednesday, April 24, 2019
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IDBZ  to expedite over $300m construction projects

PHILLIMON MHLANGA The state-owned Infrastructure Development Bank of Zimbabwe (IDBZ) has said it would ensure expeditious construction of housing projects worth $331.3m to help reduce...

Govt in new TBs issuance

PHILLIMON MHLANGA The government has issued new Treasury Bills (TBs) into the market to finance its activities although it insists that the move was just to...

Official: Zim’s government has only one chartered accountant!

Anesu Masamvu The permanent secretary of the Ministry of Finance and Economic Development, George Guvamatanga, has made a startling revelation that the government is operating...

Accountants raise red flags as PAAB finally comes out with new financial reporting guidelines

Phillimon Mhlanga The Public Accountants and Auditors Board (PAAB), the country’s accounting profession regulator, has unveiled new financial reporting and auditing guidance for the financial...

 IPEC revamps solvency regime as risk based capital regime gains traction 

PHILLIMON MHLANGA Zimbabwe is revamping its solvency regime, moving towards the economic value based risk based capital regime to ensure financial soundness of the local...

Zim losing  US$200m annually through gold smuggling

PHILLIMON MHLANGA IN GABORONE, BOTSWANA Zimbabwe is losing more than US$200m annually through illicit financial flows (IFFs), which continue to ravage the economy, Transparency International...

Nostro balances rise to $700m

 Taurai Mangudhla Total deposits in Zimbabwe hit $9.2bn in the first week of March, comprising $700m hard currency, the permanent secretary of the Ministry of...

Financial inclusion can disadvantage individuals and companies

Chris Chenga One of the most important and trustworthy indicators of an economy’s vibrancy and investment proposition is its ability to generate credit. After perusal,...

Govt scraps fuel rebate

Tinashe Makichi The government has scrapped the rebate on fuel following the movement in the exchange rate.  The Reserve Bank of Zimbabwe (RBZ) devalued electronic balances...

Afreximbank grants Zim interbank forex trade loan

LIVINGSTONE MARUFU Cairo-based Africa Export and Import Bank (Afreximbank)  has extended an undisclosed amount in lines of credit to Zimbabwe’s interbank foreign exchange trading  to stabilise ...