Patrick Chinamasa
“Bond Notes not coming anytime soon,” says Chinamasa
FINANCE minister Patrick Chinamasa has indicated that the bond notes are not likely to hit the market anytime soon, as government is yet to finalise modalities for the introduction of the currency. …
Zimbabwe
ZCDC Sells Diamonds Worth $21,5 Million
The Zimbabwe Consolidated Diamond Company has since March this year sold about 513 000 carats valued at about $21,5 million from two of the diamond operations it took over in March this year. Acc…
Zimbabwe
'Bond Notes to Plug Cash Leakages'
The introduction of bond notes backed by a $200 million loan from Afreximbank will plug leakages and externalisation of foreign currency , Finance and Economic Development Minister Patrick Chinama…
Zimbabwe
Government Imports Over 100 000 Tonnes Maize
GOVERNMENT has imported over 100 000 tonnes of maize worth $12,7 million since last October under the drought relief programme aimed at assisting vulnerable families with food. Statistics have sh…
Zimbabwe
RBZ Warns Banks Conniving With Exporters
THE Reserve Bank of Zimbabwe said it will take action against banks which are conniving with exporters to allocate their foreign exchange receipts to specific importers . This illegal practice…
Zimbabwe
Businesses Embrace Plastic Money
More businesses have embraced plastic money as the country continues to experience banknote shortages, with economists expressing mixed feelings over the proposed introduction of bond notes. This c…
Zimbabwe
Zimbabwe banks cash in on crisis
DEPOSITORS continue to struggle to withdraw their money as the cash crisis escalates forcing banks to cap daily withdrawal limits to a maximum of $100. With payment of salaries for most workers and…
Zimbabwe
Former Caps Utd Coach Gishon Ntini dies
Former CAPS United coach Gishon Ntini has died. He was 42. He passed on Sunday night at Karanda Hospital where he was diagnosed of prostate cancer and was supposed to have an operation today. …
Zimbabwe
No Need to Panic Over Bond Notes
It is obvious that the largest single cause of the banknote shortage in Zimbabwe at the moment is the desire by many to keep their cash at home in the form of banknotes, rather than in a bank accou…
Zimbabwe
RBZ Endorses Ecocash Diaspora
THE partnership between EcoCash and MTN Mobile Money will contribute significantly to foreign earnings as Zimbabweans working in Zambia will be able to send money back home, a senior official has s…
Zimbabwe
POSB Records Massive Profit
Government owned, People's Own Savings Bank ( POSB ) said on Wednesday it had recorded a massive jump in net profit to U.S.$7,9 million for the full year ended December 2015 from U.S.$1,25 mill…
Zimbabwe
CBZ Holdings Turns to SMEs
CBZ Holdings Limited is taking advantage of transitional opportunities in the small to medium enterprise ( SME ) sector to unlock shareholder value. SMEs are contributing an estimated 50 percen…
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