Stories

Zimbabwe will not dollarise and will continue to use its local currency but it has been forced to pay civil servants part of their salaries in United States dollars because…

RBZ has raised interest rates by 20 percentage points, as it battles the growing threat of inflation. The main bank policy rate has gone up from 60% to 80%, the…

South Africa is now one of the most unequal countries in the world with the top 10% earning 60 times more than the bottom 50%, according to the latest World…

The Zimbabwe dollar today fell by $3.45 against the United States dollar to average $145.8721 down from last week’s $142.4237. A total of 1 349 bids were allotted US$32.8 million…

The answer is YES. But what is not clear is the size of the stake or the vehicle that he used to invest in Zimbabwe’s largest mobile phone operator and…

Zimbabwe has hiked its key interest rate from 60% to 80% with immediate effect to curb rising inflation which has partly been worsened by the Russia-Ukraine war which has seen…

Nearly 1.5 million people were vaccinated during the two-week blitz that kicked off on 21 March and ended yesterday with a whopping 1 098 823 getting the first dose, 116…

The United States dollar is steadily losing its dominance as the world’s reserve currency but the decline has not benefitted three other reserve currencies that make up the Big Four,…

Tharisa Plc, a South African integrated resource group led by mining tycoon Loucas Pouroulis, has completed the acquisition of a controlling stake in Karo Mining Holdings Limited, a mining company…

Zimbabwe’s independence celebrations will from this year rotate among the country’s 10 provinces so that the whole nation identifies with the celebrations in equal measure, President Emmerson Mnangagwa said today.…