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Business Reporter CABS, a member of the Old Mutual Group, received US$110 million lines of credit in 2023 from AfreximBank and the Trade and Development Bank for on-lending to key economic sectors of the economy such as agriculture, mining, energy, and manufacturing. The bank, in its 2023 annual report, said it remained committed to supporting […]
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Business Reporter The Reserve Bank of Zimbabwe (RBZ) has adjusted the foreign currency statutory reserve ratio on demand deposits, a move analysts said would help in the sustainable management of the foreign exchange market. The policy change resulted in an increase in the statutory reserve ratio for foreign currency demand deposits from 15 percent to […]
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A new commodities boom is complicating central bankers’ anti-inflation efforts and may help derail prospects for significant interest-rate cuts any time soon. Even before Iran’s attack on Israel over the weekend stoked fears of a wider regional war and disruption to oil supplies, crude had already risen significantly this year. That advance, together with a […]
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Nigeria’s debt stock as of Q4 2023, its last update period, saw an increase from its previous figure. Reports indicate that Nigeria’s debt stock increased by N10 trillion (US$8,4 billion) between the third and fourth quarter of 2023. This debt, however, which grew at a rate of 10,73 percent on a quarter-on-quarter basis, includes both […]
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Enacy Mapakame Datvest Modified Consumer Staples Exchange Traded Fund (Datvest ETF) swung back to profitability during the year to December 31, 2023 from a loss position recorded in the prior year period. Its financial statements for the period reveal that the ETF recorded an inflation-adjusted profit after tax of $255,2 million against the prior year’s […]
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JOHANNESBURG. — Ghana has failed to strike a deal with two bondholder groups to restructure US$13 billion of international bonds, the government said yesterday, dealing a blow to its efforts to swiftly emerge from default and economic crisis. Talks were derailed for now amid indications from the International Monetary Fund (IMF) that the deal would […]
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Prices of Murban crude in the global market have climbed to highs last seen in October last year, setting up Kenyans for an end to months of a continued drop in local pump prices. A barrel of Murban crude went for US$90,61 last week, the highest level since US$91,57 per barrel posted in October last […]
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Zvamaida Murwira Senior Reporter Zanu PF is fully behind the newly-introduced Zimbabwe Gold (ZiG) currency given that it is backed by gold which has always been the mainstay of the country’s economy, a senior party official has said. The revolutionary party’s Secretary for Information and Publicity, Cde Christopher Mutsvangwa said gold is a stable store […]
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Remember Deketeke Herald Correspondent The Medicines Control Authority of Zimbabwe (MCAZ) has recalled the Benylin Paediatric Syrup manufactured by Johnson and Johnson, South Africa. This comes after critical information was received from the National Agency for Food and Drug Administration (NAFDAC) of Nigeria regarding the recall of Benylin Paediatric 100ml Syrup, batch number 329304, which […]
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Joseph Madzimure Senior Reporter Sustainable economic development can only be achieved through the use of a local currency which will stimulate growth and guarantee stability, President Mnangagwa has said. This follows last week’s introduction of the gold and other precious minerals-backed ZiG currency by the Reserve Bank of Zimbabwe (RBZ). Addressing the 374th session of […]
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Fidelis Munyoro and Farirai Machivenyika The Reserve Bank of Zimbabwe has enough reserves to satisfy the foreign currency requirements of all legitimate businesses and no company needs to go to the black market to pay for imports, RBZ Governor Dr John Mushayavanhu said yesterday. At the same time the Government is still working out which […]
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Wallace Ruzvidzo Herald Reporter Zimbabwe has vast potential in tourism, diamond production and beneficiation, with critical infrastructure to support investment, envoys from European countries that presented their credentials to President Mnangagwa yesterday have said. Ambassadors from Belgium, Bulgaria and Cyprus said they would use their time in Zimbabwe to advance economic and political cooperation with […]
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Remember Deketeke Herald Correspondent AS the country prepares to celebrate 44 years of self-rule next week on April 18, the independence flame left Harare yesterday for Manicaland province where it will be lit at Magamba/Butcher site in Rusape. Magamba/Butcher was a Rhodesian slaughter house outside Rusape, where freedom fighters and innocent men, women and children […]
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Conrad Mupesa Mashonaland West Bureau THE media should continue to play a critical role in disseminating information to curb deadly pandemics, the Minister of Information, Publicity and Broadcasting Services, Dr Jenfan Muswere, said yesterday. He said the media has helped Zimbabwe to combat cholera and achieve the 95/95/95 target of reducing the impact of the […]
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Tendai Rupapa in MUTASA TALES of neglect, loneliness, boredom and a quest for love among the elderly, those with disabilities and child-headed families were laid bare and cured yesterday when First Lady Dr Auxillia Mnangagwa paid these groups an impromptu visit in Mutasa District, Manicaland. She cleaned their homes, did laundry for them, prepared and […]
Agriculture Journal
