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Monday, August 26, 2019
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RBZ issues US$182mln worth of LCs

LIVINGSTONE MARUFU THE Reserve Bank of Zimbabwe has issued Letters of Credit (LCs) worth US$182,3m from  February to July  this year to sustain Zimbabwe’s critical imports...

‘Firms that produce for local market cannot have SEZ tax incentives’

STAFF WRITER In a move likely to draw various interpretations about how government is co-ordinated among its ministries, Finance and Economic Development Minister Mthuli Ncube...

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...

Cartel mops up Zim’s gold

TAURAI MANGUDHLA/LIVINGSTONE MARUFU Zimbabwe’s new monetary reforms and unfavourable prices being offered by authorities have given life to side marketing in the gold sector following...

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...

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...

RBZ liberalises fuel imports

TAURAI MANGUDHLA Foreign currency-starved Zimbabwe has liberalised fuel imports by allowing authorised dealers to pay directly to foreign fuel suppliers  upon exchange control approval in a...

RBZ raises red flag on forex demand

LIVINGSTONE MARUFU/TINASHE MAKICHI Daily demand for diesel has gone up by 20 percent to 3,6 million litres over the last four months as business and domestic...

Zim receives $3bln forex inflows in H1

Tinashe Makichi in Victoria Falls Reserve Bank of Zimbabwe Governor John Mangudya said the country received close to $3 billion in foreign currency inflows during...

ZSE targets energy funds

STAFF WRITER The Zimbabwe Stock Exchange has put in place a three-pronged strategy in partnership with the Ministry of Energy and Power Development that seeks...