Economy - - Page 23

Editor 18 July 2024 No Comment

Fed up Zimbabwe companies kissing Zesa goodbye

By disruptafrica.com Many businesses in Zimbabwe are being driven to generate own power either out of immediate necessity or because

Editor 17 July 2024 No Comment

Remittance firms fly plane-loads of cash into Zimbabwe to meet demand for US dollars

By Bloomberg News At least once a month — and sometimes as often as three times a week — a

Editor 17 July 2024 No Comment

After ZISCO collapse, Zimbabwe’s steel industry revitalized with new $1.5 billion plant

By Sohrab Darabshaw I oilprice.com Zimbabwe’s new $1.5 billion steel plant, built with Chinese funding, aims to revive the country’s

Editor 16 July 2024 No Comment

Zimbabwe’s Kuvimba may sell 40% stake in a key gold mine to raise capital

By Reuters BINDURA: Zimbabwe’s state-owned Kuvimba Mining House is broadening its search for equity partners and financiers for its gold

Bankers Association of Zimbabwe President Lawrence Nyazema

Editor 15 July 2024 No Comment

Zimbabwe bankers back plan to adopt ZiG as sole currency before 2030

By Bloomberg News HARARE: Zimbabwe’s banks support adopting the ZiG as the nation’s sole currency before the current target date

Zimbabwe's finance minister Prof Mthuli Ncube

Editor 12 July 2024 No Comment

Lower growth forecast for Zimbabwe as drought ravages crop yields – Minister

By Reuters HARARE: Zimbabwe has revised its economic growth forecast downwards as southern Africa’s worst drought in decades ravages crop

Editor 10 July 2024 No Comment

Mozambique President says in negotiations with Zimbabwe to extend rail line to Botswana

By clubofmozambique.com MAPUTO: Mozambican President Filipe Nyusi announced Monday that his government is in negotiations with the Zimbabwean authorities to

Editor 8 July 2024 No Comment

RBZ says USD reserves backing new currency increase $370 million from $285 million

By Bloomberg HARARE: Cash and mineral reserves backing Zimbabwe’s new currency have risen to approximately $370 million from $285 million

Editor 1 July 2024 No Comment

Zimbabwe consumer prices steady in June as ZiG calms inflation

By Bloomberg News Zimbabwe’s monthly consumer prices were unchanged as the nation’s stable bullion-backed currency helped put a lid on

Editor 28 June 2024 No Comment

IMF says Zimbabwe’s ZiG currency has ended bout of instability

By Bloomberg The International Monetary Fund says the introduction of a bullion-backed currency by Zimbabwe in the second-quarter of this