BUSINESS NEWS

CABS, a division of the Old Mutual Group, received lines of credit totaling US$110 million in 2023 from AfreximBank and the Trade and Development Bank. These funds were earmarked for …

Mining companies in Zimbabwe, specializing in gold, chrome, diamond, and platinum, have collectively allocated only US$20 million for corporate social investments between 2018 and 2022. This figure is disconcerting considering …

Dr. John Mushayavanhu, the new head of the Reserve Bank of Zimbabwe (RBZ), surprised many on Thursday when he revealed that, despite previous claims, the bond notes and Zimbabwe dollar …

The currency gained 0.2% to 13.53 per US dollar, according to data on the Reserve Bank of Zimbabwe’s website on Tuesday. But the rand was trading at R18.47 to the …

“All fuel sales will exclusively accept ZiG as payment”: Guvamatanga Finance, Economic Development, and Investment Promotion Permanent Secretary George Guvamatanga announced that all Government ministries, departments, and agencies will soon …

The Zimbabwe Stock Exchange (ZSE) has re-based indices following the introduction of the new structured currency Zimbabwe Gold (ZiG), as espoused in the 2024 Monetary Policy Statement announced on April …

The Reserve Bank of Zimbabwe (RBZ) has directed all banks and microfinance institutions that are not compliant with the regulatory minimum capital requirements not to declare dividends. In October 2022, …

The Minerals Marketing Corporation of Zimbabwe (MMCZ) is ramping up its efforts to combat mineral smuggling with the State-owned agency intensifying its monitoring and surveillance systems to curb leakages. Despite …

South African Airways (SAA) has said it would appoint a permanent chief executive after its deal with Takatso Consortium as a strategic equity partner (SEP) collapsed last month. In March, …

The US must boost commercial ties with African countries to curb reliance on China for supplies of critical minerals, a Washington-based think tank said on Tuesday. “US economic and national …