Stories

The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) says it will re-commission a new 30 megawatt turbine at the Harare Thermal Power Station, as the company seek to ensure stable…

Bulawayo mayor Martin Moyo is set to visit China this month in a bid to woo investors from that country to revive the city’s ailing manufacturing sector, council minutes have…

Zimbabwe’s Reserve Bank today abandoned plans to automatically convert export proceeds into the Rand and Euro currencies, the second tweak within a week of a major policy intervention, as it…

Packaging group Nampak Zimbabwe reported a four percent rise in revenue to $47.5 million in the six months to March compared to $45.7 million last year on strong demand from…

The shadow cabinet of the Movement for Democratic Change led by Morgan Tsvangirai today agreed to summon its national executive on Thursday to decide what action to take in connection…

Zimbabwe is negotiating with the Preferential Trade Area (PTA) Bank and the Development Bank of Belarus for funding to capitalise the recently established Zimbabwe Consolidated Diamond Company (ZCDC), central bank…

Zimbabwe’s Central Bank has moved to clarify its plans to introduce domestic notes to circulate alongside foreign currencies, after fears that it sought to re-introduce a loathed local currency triggered a…

Annual broad money supply (M3) stood at 9.6 percent in January 2016, reflecting a 1.4 percentage point increase from December last year. In its latest monthly report, the Reserve Bank…

Movement for Democratic Change Shadow Minister for Finance Tapiwa Mashakada has listed the payment of $6.4 million towards fees for children of war veterans and the implosion within the Zimbabwe…

When Gideon Gono’s term ended at central bank, he left a $1.3 billion debt. But the bigger, more damaging deficit he left was public trust. In December 2014, as the…