News

State-owned agro-lender, Agribank, plans to float bills to raise $20 million for the second year running to enhance its capacity to fund Zimbabwe’s agricultural sector. Chief executive Sam Malaba said…

On the 4th of May 2016, the Reserve Bank Governor of Zimbabwe, John Mangudya, issued a press statement wherein he indicated that “the Reserve Bank has established a US$200 million…

Zimbabwe Revenue Authority (ZIMRA) boss Gershom Pasi has been suspended together with five other top executives over the importation of cars, according to the State-owned Herald. The five executives are:…

The International Monetary Fund has urged “bold reforms” to revive Zimbabwe’s economy after drought cut agricultural production and disrupted hydropower generation. The southern African nation is facing risks to the…

Zimbabwe’s Central Bank has identified the low use of electronic payments as one of the causes of the pervasive cash shortages in the country. Long lines, tight withdrawal limits and…

Zimbabwe has lost $50 million through illicit outflows in the last three months, the Central Bank governor John Mangudya said yesterday, but said tighter controls have stemmed the tide that…

One of America’s great entrepreneurs, the late S. Truett Cathy, once said: “In the Great Depression, you bought something if you had the cash to buy it”. The Great Depression…

The Reserve Bank of Zimbabwe has announced plans to introduce local “bond notes” to circulate alongside a basket of foreign currencies adopted in 2009, in a bid to ease widespread…

The Confederation of Zimbabwe Industries (CZI) has urged Zimbabweans to embrace the proposed bond notes, saying they will boost internal trade and ease the cash crunch threatening Zimbabwe’s already lethargic…

Zimbabwe will introduce local bond notes which the main opposition Movement for Democratic Change led by Morgan Tsvangirai today condemned as an attempt to bring back the Zimbabwe dollar through…