Finance - - Page 16

Editor 21 July 2023 No Comment

Reserve Bank of Zimbabwe owes over US$4 billion for food and fuel supplies

By Bloomberg News Zimbabwe’s central bank has racked up debts of more than $4 billion to banks and companies including

Editor 21 July 2023 No Comment

IMF agrees to engage with Zimbabwe on new Staff Monitored Programme

By Xinhua HARARE: The International Monetary Fund (IMF) has agreed to engage with Zimbabwe on a new Staff Monitored Program

Editor 3 July 2023 No Comment

An 800% stock market rally puts Zimbabweans on edge

By Bloomberg News In Harare, Zimbabwe, home to the world’s biggest stock market rally, the gains come at break-neck speed: 5%, 10%,

Editor 28 June 2023 No Comment

Zimbabwe’s gold-backed digital token won’t fix the country’s currency woes, economists say

By Camomile Shumba Zimbabwe’s gold-backed digital token is not going to stabilize the country’s local currency as the central bank

Editor 27 June 2023 No Comment

Zimbabwe inflation doubles to 175.8% in June amid weakening currency

By Agencies Zimbabwe’s annual inflation rose to 175.8% in June from 86.5% in May, data showed on Monday, exacerbating a

Editor 23 June 2023 No Comment

Kenya’s new tax package angers some backers of president who once vowed to reduce cost

By Associated Press NAIROBI: Kenyans are preparing for tough times after lawmakers approved tax increases that are even unpopular with

Editor 23 June 2023 No Comment

Debt-plagued Zambia reaches deal with China, other nations to rework $6.3B in loans, French say

By Associated Press PARIS: Zambia and its government creditors, including China, have reached a deal to restructure $6.3 billion in

Editor 23 June 2023 No Comment

Zimbabwean business fears government will interfere with the exchange rate

By Tawanda Karombo I Business Report Zimbabwean businesses fear that President Emmerson Mnangagwa’s administration, which is blaming foreign companies of

Editor 17 June 2023 No Comment

Mnangagwa orders RBZ to stop foreign currency borrowing

By Reuters HARARE: Zimbabwe’s President Emmerson Mnangagwa has ordered the central bank to stop foreign currency borrowing, as the government

Editor 17 June 2023 No Comment

Zimbabweans hit by rising prices as local currency plummets

By Reuters HARARE: Zimbabwean businesses and households are fearing a repeat of the hyperinflation seen more than a decade ago