News

The two-week visit by a seven-member delegation from the International Monetary Fund (IMF) which ended on Wednesday marked a turning point in relations between Zimbabwe and the Bretton Woods Institution…

Regional banking group, African Banking Corporation, had a poor showing last year with net profit plummeting from P53.3 million to P3.8 million. But this was largely because of the strengthening…

Central bank governor Gideon Gono has done a tremendous job in exposing the rot that was bedevilling the country. But it is high time the government instituted a full-fledged commission…

Though the auction system that was introduced in January should see more foreign currency available on the market, exports will not be viable as long as the pricing of the…

A total of 40 fires, suspected to have been caused by arson, destroyed 900 hectares of timber belonging to Border Timbers, disrupting production of sawlogs. The fires also forced the…

The recently introduced foreign exchange auction system has adversely affected export viability with the net effect being the halving of the Zimbabwe dollar export revenue. A Bulawayo-based exporter, Zimplow, says…

Politics has once again come into play as debate about whether Zimbabwe is food self-sufficient or not continues. The government has already announced that it will not appeal for food…

Central bank governor Gideon Gono is expected to give a new lifeline to exporters, most of whom had threatened to stop exports because they were no longer viable, when he…

Barclays, one of the largest commercial banks in the country, cashed in on the liquidity crisis that rocked the financial sector in the last quarter of 2003, "which saw all…

Central bank governor Gideon Gono announced new measures to boost foreign currency inflows from exporters and Zimbabweans living abroad but, at the same time, maintained his grip on the financial…