BUSINESS NEWS

RBZ mulls firms retooling package

THE Reserve Bank of Zimbabwe (RBZ) is working on providing long-term funding for retooling to local companies ahead of the envisaged massive investment under the new economic order, an official said y...

By Staff reporter | Published: 15 February 2018

BUSINESS NEWS

RBZ, banks work on long term loans

The Reserve Bank of Zimbabwe (RBZ) is currently working with the banks to find ways of increasing long term cheaper financing to cushion companies, an official has said. Responding to questions from j...

By Staff reporter | Published: 15 February 2018

BUSINESS NEWS

RBZ tours Bulawayo industries

As part of efforts to restore Bulawayo to its industrial hub status, the Reserve Bank of Zimbabwe in partnership with ZimTrade has embarked on a tour of the city's businesses to assess their operation...

By Staff reporter | Published: 13 February 2018

INDUSTRIALS & ENERGY

Bata calls on RBZ to hike incentive

ZIMBABWE's largest shoe manufacturer, Bata Shoe Company, has called on the Reserve Bank of Zimbabwe (RBZ) to increase the export incentive to 15 percent to boost exports by local companies.The Central...

By Staff reporter | Published: 13 February 2018

MINING & RETAIL

RBZ increases gold support facility

Buoyed by sterling performance of the gold sector last year, the Reserve Bank of Zimbabwe (RBZ) has increased the gold support facility to $150 million from $74 million that had been disbursed by Dece...

By Staff reporter | Published: 12 February 2018

BUSINESS NEWS

Govt overdraft at RBZ hits $1,2bn

GOVERNMENT has so far accrued a $1,2 billion overdraft with the Reserve Bank of Zimbabwe with the new monetary policy statement prescribing to mitigate the unintended consequences of excess governmen...

By Staff reporter | Published: 08 February 2018

BUSINESS NEWS

Govt to rein in multi-pricing system

THE Government is putting in place measures  to curb multi-pricing system and refusal of plastic money within the economy, Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya, said yesterda...

By Staff reporter | Published: 08 February 2018

BUSINESS NEWS

Zim draws down $1,1bn from Afreximbank facilities

The Reserve Bank of Zimbabwe said it drew down as much as $1,1 billion from nostro stabilisation facilities last year extended by the Afreximbank as it sought to stabilise the foreign exchange market...

By Staff reporter | Published: 08 February 2018

BUSINESS NEWS

RBZ unveils measures to boost investment

The Reserve Bank of Zimbabwe (RBZ) yesterday unveiled a raft of interventions, including enhancing nostro stabilisation facilities to support foreign payments, backed by a $1,5 billion kitty to be av...

By Staff reporter | Published: 08 February 2018

BUSINESS NEWS

RBZ call to move to productive loans bears fruit

THE Zimbabwe Association of Microfinance Institutions (Zamfi) has applauded its members' efforts to adhere to the Reserve Bank of Zimbabwe's calls to promote productive loans rather than consumer lend...

By Staff reporter | Published: 04 February 2018

BUSINESS NEWS

RBZ draws $450m from nostro facility

The Reserve Bank of Zimbabwe (RBZ) has drawn down $450 million out of the latest $600 million nostro stabilisation facility secured from the Afreximbank last year, Reserve Bank of Zimbabwe governor Dr...

By Staff reporter | Published: 29 January 2018

OPINION

Monetary policy to set more radical reforms

For those seeking evidence that President Emerson Mnangagwa is set on a radical overhaul of the economy, Zimbabwe's monetary policy, expected soon, will definitely set the tone. For all his bold talk ...

By Christopher Mugaga, Business Executive | Published: 23 January 2018

FINANCIAL SERVICES

RBZ pays Time Bank US$10m

THE Reserve Bank of Zimbabwe (RBZ) has paid US$10 million in Treasury Bills (TBs) to the soon-to-reopen Time Bank in a bid to end a nearly two-decade-long dispute with the commercial bank which is eye...

By Staff reporter | Published: 23 January 2018

BUSINESS NEWS

RBZ increases gold delivery payments

THE Reserve Bank of Zimbabwe through its arm, Fidelity Printers and Refiners (FPR) has increased its payments for gold deliveries in United States dollars from 60 to 70 percent as part of efforts to c...

By Staff reporter | Published: 14 January 2018

LANDS & AGRICULTURE

Seed Co waits on RBZ for external listing plans

Regional seed producer, Seed Co is awaiting exchange control approval to proceed with plans to list the group's external business, aimed at raising funding to finance growth, chief executive Morgan Nz...

By Staff reporter | Published: 12 January 2018

BUSINESS NEWS

RBZ dismisses $5bn facility rumours

The Reserve Bank of Zimbabwe Governor Dr John Mangudya has dispelled social media reports that the central bank is putting in place a $5 billion facility for Zimbabwe. In a written response to inquiri...

By Staff reporter | Published: 11 January 2018

BUSINESS NEWS

RBZ to unveil 2018 monetary policy statement

Reserve Bank of Zimbabwe Governor Dr John Mangudya is in the next few weeks expected to announce a raft of measures in his monetary policy statement to stimulate production and improve economic confid...

By Staff reporter | Published: 08 January 2018

BUSINESS NEWS

Exports the salvation for Zim economy - RBZ

ZIMBABWE's economic problems are largely a function of production deficiencies, which require the country to exploit the current pro-business environment to increase productivity for export growth and...

By Staff reporter | Published: 08 January 2018

BUSINESS NEWS

$15m RBZ tourism facility lies idle

Outgoing Hospitality Association of Zimbabwe (HAZ) president Mr George Manyumwa last Friday revealed that the Reserve Bank of Zimbabwe funding facility for hoteliers had not been publicised, with many...

By Staff reporter | Published: 13 December 2017

BUSINESS NEWS

RBZ sets deadline for bank's demerger

THE Reserve Bank of Zimbabwe (RBZ) has set December 31, 2017, as the deadline for the separation of ZB Financial Holdings Limited (ZBFHL) from Intermarket Holdings Limited (IHL), which will see banker...

By Staff reporter | Published: 11 December 2017

LANDS & AGRICULTURE

RBZ mobilises $28,5m facility for tobacco

The Reserve Bank of Zimbabwe (RBZ) has mobilised a $28,5 million input facility for small-scale tobacco farmers as it gears towards boosting the country's golden leaf production.The facility administ...

By Staff reporter | Published: 10 December 2017

BUSINESS NEWS

RBZ bullish of plus 4% economic growth

The Reserve Bank of Zimbabwe (RBZ) is bullish an economic growth rate of above 4 percent is attainable in 2018 on the back of positive sentiment in the economy and the international goodwill following...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Zimbabwe economy to grow by 4%, says RBZ

THE economy is projected to grow by 4 percent next year driven by a positive sentiment spurred by the new political dispension and anticipated good agriculture season, the Reserve Bank of Zimbabwe has...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

RBZ avails $10 million loan facility

THE Reserve Bank of Zimbabwe (RBZ), through its Financial Inclusion Department, has provided a $10 million concessionary loan facility targeting vulnerable youths in rural areas. The loans will carry ...

By Staff reporter | Published: 04 December 2017

CONSTRUCTION & PROPERTY

Equity wants RBZ to mediate in title deed row

Equity Properties has roped in the Reserve Bank of Zimbabwe (RBZ) to mediate in its dispute with a company owned by Indian business tycoon Jayesh Shah, which is holding onto a title deed to an upmark...

By Staff reporter | Published: 01 December 2017
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