Dr Mangudya

RBZ fumes over drug price hikes

Prince Sunduzani Bulawayo Bureau— THE Reserve Bank of Zimbabwe (RBZ) has dismissed the recent increase in drug prices by up to 70 percent as unjustified because the central bank was allocating ...
Cde Chinamasa

RBZ wants more POS machines

Africa Moyo Business Reporter THE Reserve Bank of Zimbabwe (RBZ) is considering importing more Point of Sale (POS) machines as part of grand efforts to increase transaction points and arrest the high...

Formal retail sector stagnant

Kudzanai Sharara Assistant Business Editor The country’s formal retail sector has not seen major expansion projects this year as the challenging economic environment has seen most consumers spending ...
Deputy Minister Moyo

Government completes gold mining probe

GOVERNMENT has completed investigations into gold mining which were triggered mainly by rampant cases of smuggling and suspected abuse of scarce foreign currency by big mining firms, Deputy Mines and...
Mr Jabangwe

Errant banks divert forex allocations

Business Reporter Some errant banks could be diverting to other uses, foreign currency allocated to companies by the Reserve Bank of Zimbabwe (RBZ) towards procurement of critical imports, Confederat...
stanbicbank

Stanbic pours $89m into mining

Business Reporter STANBIC Bank Zimbabwe says it has invested $88,8 million to fund the capital needs of various players in the country’s mining sector in 2016 as part of its efforts to contribute to ...
Mr Phillipe Van Damme

EU envoy reaffirms support to Parly

Farirai Machivenyika Senior Reporter— European Union ambassador to Zimbabwe Philippe Van Damme yesterday paid a courtesy call on Speaker of the National Assembly Advocate Jacob Mudenda and expr...
Reserve Bank of Zimbabwe

RBZ works on collateral registry

Michael Tome Business Reporter The Reserve Bank of Zimbabwe is in the process of setting up a collateral registry in line with the Movable Property Security Act which was recently signed into law by ...
Dr Mangudya

RBZ seeks $500m facility

Tawanda Musarurwa and Kudakwashe Mhundwa The Reserve Bank of Zimbabwe (RBZ) is seeking a $500 million facility to cover the foreign currency gap that will widen when the 2017 tobacco marketing season...
Dr Gono

‘No room for investor abuse in SEZs’

Business Reporter NEWLY appointed Special Economic Zones board chairman, Dr Gideon Gono says the zones must signal investor friendly disposition and should aim to attract the finest breed of investor...