BUSINESS NEWS

The Criminal Investigation Department (CID) Asset Forfeiture Unit has obtained a warrant of search and seizure against Tetrad Investment Bank (TIB) management and directors in a case of fraud and …

Many miners are reportedly building their own power amid reports that the prolonged power crisis has resulted in them losing their production potential. The Zimbabwe Electricity Supply Authority (ZESA), the …

The Reserve Bank of Zimbabwe (RBZ) has kept its bank policy rate at 200 percent after its Monetary Policy Committee (MPC) expressed satisfaction with how the current tight monetary policy …

Asian equities and commodities rose as traders bet on further reopening of the Chinese economy from Covid restrictions. Currencies of materials and energy exporters climbed. A benchmark of Asian shares …

In the US, so-called core inflation, which excludes food and energy prices, rose a below-forecast 0,2 percent in October from a month earlier. Euro-zone annual inflation slowed in November by …

A further 70% drop in Bitcoin to US$5000 next year is one of the “surprise” scenarios that markets may be “under-pricing,” according to the bank’s Global Head of Research Eric …

The Zimbabwe Energy Regulatory Authority (ZERA) has announced new fuel prices effective 30 November 2022. The previous review was on 23 November 2022. Please be advised of the review in …

Millers Celebrate As Importation Of Maize Meal Is Suspended! Grain millers applauded the government’s move to halt maize meal imports in order to safeguard millers from unfair pricing by “opportunists.” …

Zimbabwe to adopt international financial reporting standards Finance and Economic Development Minister, Professor Mthuli Ncube has said the Public Accountants and Auditors Board (PAAB) has made a resolution for the …

Finance Minister Mthuli Ncube Raise Intermediated Money Transfer Tax Professor Mthuli Ncube, Minister of Finance and Economic Development, has stated that the Intermediated Money Transfer Tax on domestic foreign currency …