Finance

As debt arrears reach US$6.7 billion peak, Zimbabwe seeks global assistance

By Ava Thompson Zimbabwe’s Finance Minister Mthuli Ncube confirmed the country’s escalating debt arrears reaching a peak of US$6.7 billion.
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RBZ moves to address cash shortage of new currency ZiG

By Xinhua HARARE: Zimbabwe’s central bank has moved to avert a shortage of the country’s newly introduced currency, the Zimbabwe
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‘An important step’ – Says IMF on Zimbabwe’s switch to new gold-backed currency

By Bloomberg News HARARE: The International Monetary Fund welcomed Zimbabwe’s introduction of a new bullion-backed currency as an important step, in
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RBZ says gold reserves backing new ZiG currency increasing

By Bloomberg News HARARE: Zimbabwe’s gold reserves backing its new bullion-linked currency are increasing and the stockpile’s value is also
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Govt asks miners to ramp up gold output to support ZiG currency

By Xinhua HARARE: Zimbabwe is targeting to increase its gold production following the adoption of the gold-backed currency Zimbabwe Gold
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Zimbabwe’s FBC Holdings acquires Standard Chartered’s local unit

By Bloomberg Zimbabwe’s FBC Holdings Ltd. has completed the acquisition of Standard Chartered Plc’s business in the southern African country.
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ZiG by force: After street money changers, government to target companies

By Bloomberg News HARARE: Zimbabwe plans to extend a crackdown that’s targeting street currency traders to companies to ensure goods
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Harare govt now wants mobile money services back – after blaming them for a currency

By Bloomberg News HARARE: Zimbabwe will allow mobile money agents, once blamed for fueling the collapse of its now defunct
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Companies face fines of up to US$15,000 for not using official ZiG exchange rate

By Bloomberg News Zimbabwe will penalize individuals and companies which don’t use the prevailing official foreign-exchange rate of its new
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Where is the ZiG? Locals say still getting sweets for change as new money hard

By AFP HARARE: Zimbabwe’s new gold-backed currency started circulating on Tuesday amid government hopes it could help stabilise the economy
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