TELECOMS & TECHNOLOGY

Zimpapers enters billion-dollar TV industry

ZIMBABWE Newspapers (1980) Ltd last week took a giant step towards becoming the first fully integrated media house in the country.The company got its content distribution licence, which enables Zimpap...

By Staff reporter | Published: 20 May 2018

BUSINESS NEWS

US dollar, RTGS not at par, says CZI

PEGGING the greenback to Real Time Gross Settlement (RTGS) balances and bond notes on a one-to-one basis does not reflect the true value of the US dollar, the Confederation of Zimbabwe Industries (CZI...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

Botswana offers multi-million dollar market for Zim

BOTSWANA has a huge market for Zimbabwean products as long as they are priced competitively, a ZimTrade survey has indicated.The trade promotion body conducted a market survey in Botswana in February ...

By Staff reporter | Published: 10 May 2018

AMERICAS

Gold slips as dollar hits 2018 high

Gold slipped on Tuesday as the dollar surged to a new 2018 high against its rivals, though losses were limited by worries the United States may be set to pull out of a key nuclear accord with Iran.U.S...

By Reuters | Published: 08 May 2018

MINING & RETAIL

Copper falls due to a stronger dollar

Copper prices fell on Tuesday as the effect of a strengthening dollar overshadowed positive trade data from China, the world's largest consumer and producer of industrial metals.Chinese imports and ex...

By Reuters | Published: 08 May 2018

AMERICAS

Dollar strengthens back towards 2018 high

The dollar climbed back towards its highest level in 2018 on Monday as investors continued to bet that rising interest rates in the United States would boost the greenback.The index measuring the doll...

By Reuters | Published: 08 May 2018

BUSINESS NEWS

'Chart path towards Zimdollar return'

GOVERNMENT should start developing a clear monetary plan for the introduction of local currency at the appropriate time when necessary measures have been put in place, an official said yesterday.The c...

By Staff reporter | Published: 25 April 2018

BUSINESS NEWS

Too early for Zimdollar return, says Mukupe

Government will not introduce a local currency before establishing the right and necessary import cover, Finance and Economic Development Deputy Minister Terrence Mukupe has said.Addressing a public l...

By Staff reporter | Published: 12 April 2018

BUSINESS NEWS

'Chihuri seized diamonds worth millions of dollars'

Former police commissioner-general Augustine Chihuri allegedly seized a vault containing diamonds worth millions of dollars belonging to a company that was in partnership with the cops before he forci...

By Staff reporter | Published: 10 April 2018

FINANCIAL SERVICES

Zim policyholders prejudiced billions of dollars

Insurance and pension industry players did not keep consistent and reliable asset values during the pre-dollarisation period, resulting in ordinary Zimbabweans failing to assess risks and ultimately i...

By Staff reporter | Published: 19 March 2018

BUSINESS NEWS

Insurers to pay for Zimdollar losses

Insurance policy-holders and pensioners should be compensated for loss of value suffered as a result of hyperinflation in 2007-8 and the country's adoption of a multi-currency system in 2009, a commis...

By Staff reporter | Published: 12 March 2018

POLITICS

Zim, Botswana in multi-million dollar rail talks

PRESIDENT Mnangagwa and his Botswana counterpart Seretse Khama Ian Khama are keen to have work on the construction of a railway line linking the two countries to Mozambique starting soon.The coming in...

By Staff reporter | Published: 12 March 2018

BUSINESS NEWS

Reserves to back Zimbabwe's new currency

President Emmerson Mnangagwa said his government is considering building reserves of gold and diamonds to back the eventual relaunch of the country's own currency. The nation abandoned the Zimbabwe do...

By Staff reporter | Published: 25 January 2018

BUSINESS NEWS

Zim build its gold reserves to back Zimdollar relaunch

Zimbabwe's new president, Emmerson Mnangagwa, said his government is considering building reserves of gold and diamonds to back the eventual relaunch of the country's own currency.The nation abandone...

By © 2018 Bloomberg L.P | Published: 24 January 2018

BUSINESS NEWS

Multi-million dollar complex for Harare

The African Export-Import Bank (Afreximbank) said it is seeking to engage a consulting firm to carry out a feasibility study on the construction of a multi-million dollar complex in Zimbabwe's capital...

By Staff reporter | Published: 14 December 2017

BUSINESS NEWS

Zimbabwe not ready for Zimdollar return

ZIMBABWE is not ready to have its own currency until productivity levels recover to allow for the creation of reserves that will improve the liquidity situation, economic experts have said.Speaking du...

By Staff reporter | Published: 13 December 2017

BUSINESS NEWS

'Brace for Zimdollar return'

President Emmerson Mnangagwa's government will soon reintroduce the Zimbabwean dollar which will be anchored by international goodwill, Special Advisor to the President Chris Mutsvangwa has said.The r...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

Zimbabwe to have its own currency

President Emmerson Mnangagwa's top priority is to ensure Zimbabwe has its own currency so as to stimulate economic growth and build investor confidence in the country, an official has said.Special Adv...

By Staff reporter | Published: 07 December 2017

FINANCIAL SERVICES

US dollars return to Zim banks and ATMs

Information that is circulating online is indicating that the US dollar has made its way back to the economy, TechZim reported.For some who are out of the country this may seem to be silly news, but f...

By Staff reporter | Published: 30 November 2017

BUSINESS NEWS

'Zimbabwe must have own currency'

THE political leadership in Zimbabwe should work closely with international investors to revamp the manufacturing sector through crafting strategies that spur economic growth and lead to the return of...

By Staff reporter | Published: 30 November 2017

BUSINESS NEWS

Zimbabweans hold on to greenback

FOREIGN currency cash transacted in July was $101,82 million down from $334,61 million in April, showing more people are increasingly holding on to the greenback, latest, statistics from the central b...

By Staff reporter | Published: 17 October 2017

LANDS & AGRICULTURE

EU in million dollar agric funding

ZIMBABWE'S ailing agricultural sector has received a timely boost after the European Union (EU) availed over $7 million towards funding the training of agricultural extension workers, as part of effor...

By Staff reporter | Published: 03 October 2017

TELECOMS & TECHNOLOGY

DStv sued over US dollar subscriptions

A HARARE lawyer has approached the High Court seeking an order compelling Skynet Private Limited (Multichoice Zimbabwe) to accept bank card swipe, bank transfers, ecocash and bond notes for DSTV subsc...

By Staff reporter | Published: 08 September 2017

ZIMBABWE

Re-introducing Zimdollar will be economic suicide

THE adoption of bond notes as official currency would worsen the parallel market, thereby, quickening inflation, analysts have warned.Last week, government's top adviser on ease of doing business refo...

By Staff reporter | Published: 04 September 2017

ZIMBABWE

'Zim heading towards de-dollarisation'

THE central bank's decision to more than double the size of its bond-note programme to $500 million confirms the country is headed towards de jure de-dollarisation, which threatens to accelerate infla...

By Staff reporter | Published: 04 September 2017
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