POSB pays $2 million dividend to the government

May 11, 2016

The People’s Own Savings Bank (POSB) today paid a $2 million dividend to its sole shareholder, the government, after recording…

National Social Security Authority boss charged with externalising $330 million

May 11, 2016

Acting National Social Security Authority general manager Hashmon Matemera has been charged with conniving with officials from Jinan Mining to…

ZESA to add 30MW at Harare Power Station

May 11, 2016

The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) says it will re-commission a new 30 megawatt turbine at the Harare…

Bulawayo seeks Chinese investment

May 11, 2016

Bulawayo mayor Martin Moyo is set to visit China this month in a bid to woo investors from that country…

Zimbabwe scraps plans to convert export earnings into rand, euro

May 10, 2016

Zimbabwe’s Reserve Bank today abandoned plans to automatically convert export proceeds into the Rand and Euro currencies, the second tweak…

Nampak revenue up

May 10, 2016

Packaging group Nampak Zimbabwe reported a four percent rise in revenue to $47.5 million in the six months to March…

Tsvangirai calls emergency national executive meeting Thursday to decide way forward on bond notes

May 10, 2016

The shadow cabinet of the Movement for Democratic Change led by Morgan Tsvangirai today agreed to summon its national executive…

Zimbabwe turns to PTA to fund new diamond mining firm

May 10, 2016

Zimbabwe is negotiating with the Preferential Trade Area (PTA) Bank and the Development Bank of Belarus for funding to capitalise…

It’s a stimulus package- Mangudya says

May 10, 2016

Zimbabwe’s Central Bank has moved to clarify its plans to introduce domestic notes to circulate alongside foreign currencies, after fears that…

Annual money supply up to 9.6pct in January

May 9, 2016

Annual broad money supply (M3) stood at 9.6 percent in January 2016, reflecting a 1.4 percentage point increase from December…