Business

RBZ shoots down dollarisation , says 70% of US$ belongs to miners

RBZ shoots down dollarisation , says 70% of US$ belongs to miners

Business Reporter  Victoria Falls –THE Reserve Bank of Zimbabwe (RBZ) has revealed that 70% of the foreign currency export earnings…
POSB unveils Microfinance Centre in Mutare, move set to bolster MSMEs plight

POSB unveils Microfinance Centre in Mutare, move set to bolster MSMEs plight

Business Reporter THE People’s Own Savings Bank (POSB) has unveiled a Microfinance Service Centre in Mutare in a development set…
Invictus Energy moves to extend shares offer after raising US$12,7 million

Invictus Energy moves to extend shares offer after raising US$12,7 million

Business Reporter AUSTRALIAN oil and gas exploration company Invictus Energy has exercised its discretion to increase the size of the…
RBZ mops up ZW$8,5 billion through gold backed digital tokens

RBZ mops up ZW$8,5 billion through gold backed digital tokens

Business Reporter RESERVE Bank of Zimbabwe (RBZ) has mopped up another ZW$8,5 billion through gold backed digital tokens as authorities…
Treasury announces additional ZW$ stabilization measures

Treasury announces additional ZW$ stabilization measures

Business Reporter FINANCE Minister Mthuli Ncube Monday night moved to enact fresh economic measures ordering the liquidation of all the…
Cairo to host 3rd Intra-African Trade Fair

Cairo to host 3rd Intra-African Trade Fair

Business Reporter THE Egyptian capital city of Cairo has been announced as the new host of the third Intra-African Trade…
 Monthly inflation hits 15,7% as govt moves to ease price hikes

 Monthly inflation hits 15,7% as govt moves to ease price hikes

Business Reporter MONTH on month inflation rate for the period May 2023 rose significantly to 15,7% on the back of…
Expert disputes unregulated exchange rate market calls as Zim$ depreciates to US$1: ZWL1 888

Expert disputes unregulated exchange rate market calls as Zim$ depreciates to US$1: ZWL1 888

Business Reporter THE ZWL depreciated further on the Reserve Bank of Zimbabwe (RBZ) foreign exchange auction Tuesday as an economic…
RBZ readies for third issuance of gold backed digital tokens

RBZ readies for third issuance of gold backed digital tokens

Business Reporter THE Reserve Bank of Zimbabwe (RBZ) is now set to issue a third tranche of gold backed digital…
Zim fast tracks formalisation of the SMEs sector under five years’ policy project

Zim fast tracks formalisation of the SMEs sector under five years’ policy project

By Staff Writer ZIMBABWE has tabled plans to fast track the formalisation of the informal sector under an already existing…
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