The Reserve Bank of Zimbabwe is set to introduce 50c bond coins on Tuesday to further boost price competitiveness, central bank boss John Mangudya has said.
The National Bakers Association of Zimbabwe says the economic challenges in the country have resulted in the decline of bread intake by families to 850 000 loaves per day.
Pan African banking group BancABC has secured over $125 million in medium-term loans from development financial institutions (DFIs) for on-lending to its customers, the parent company said yesterday.
CABS has recorded a net surplus of $24,03 million for the year ended December 31 2014 up from $18,30 million in 2013.
Zimbabwe has enlisted the support of Germany for its candidate to land the post of African Development Bank (AfDB) president, Finance minister Patrick Chinamasa said yesterday.
Zimbabwe should respect the rule of law and create a predictable environment which lures investors, a German diplomat has said.
A storm is brewing in the tobacco industry amid revelations that a number of buyers were getting the golden leaf at low prices at auction floors and reselling to contractors at higher prices.
ASTRA Industries plans to delist from the Zimbabwe Stock Exchange this year as it is not compliant with the bourse’s rules on shareholding.
Fidelity Printers and Refiners is working on hedging to cover the gold cycle from buying to selling as it moves to guard against price fluctuations.
ZIMBABWE’S liquidity crisis has hit local abattoirs hard in the past year forcing most to reduce production below 50%, according to Abattoirs Association of Zimbabwe chairman Godfrey Chanetsa.