Stories

In another move to shore up its local currency, Zimbabwe says companies should pay half of the foreign currency portion of their tax obligations in Zimbabwe dollars but warned that…

Strive Masiyiwa, the richest man in Zimbabwe and one of the world’s wealthiest Black businesspeople, has experienced a significant decline in his net worth over the past month, after witnessing…

Zimbabwe is aiming to have a single currency but it is doing so in stages, Reserve Bank of Zimbabwe governor John Mangudya said. “Our vision is to have a mono-currency,…

Invictus Energy may sell a stake in its Zimbabwean oil and gas project if its appraisal drilling campaign confirms commercially viable discoveries, managing director Scott Macmillan says. Invictus last month…

Some of Africa’s top mineral-producing nations are banning the export of raw battery minerals and instead want the metals processed locally as rivalry between China and Western nations over the…

The Zimbabwe dollar will stabilise because of increased demand for the local currency provided that the government resists the temptation to print money ahead of the elections on 23 August,…

Zimbabwe's President Emmerson Mnangagwa has ordered the central bank to stop foreign currency borrowing, as the government battles to contain a plunge in the local currency ahead of a general…

Nearly 1 400 companies and small businesses were allotted US$79.3 million at the foreign exchange auction in May bringing the total so far disbursed by the auction to US$4.1 billion.…

Indian engineering company RITES, formerly known as Rail India Technical and Economic Services, has signed a US$81.2 million contract to supply diesel locomotives and wagons to the National Railways of…