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...