Companies

September 19, 2019
By Alois Vinga CANADIAN based gold miner,New Dawn Mining Corporation has given its Zimbabwean subsidiary, Falcon Gold a year’s breathing space to repay their loans amid evidence that the latter is in financial dire straits. The decision was communicated recently by Falcon Gold’s board chairperson, Ian Saunders after clarifying the critical...
Property market slows down as inflation, Zim dollar resistance takes toll
September 18, 2019
By Alois Vinga COMPANIES in the property sector say business has slowed down...
Companies rake in profits despite depressed demand
September 16, 2019
By Alois Vinga COMPANIES in Zimbabwe continue to rake in huge profits on...
Govt: Thermal Coal to produce 2 400 megawatts of electricity by 2023
September 16, 2019
By Alois Vinga MINES and Mining Development Minister, Winston Chitando on Thursday said...
Expensive and repetitive licence fees choke chicken producer
September 9, 2019
By Alois Vinga THE country’s largest chicken and egg producer, Irvines has called...
First Capital Bank’s employees appeal against retrenchment
September 4, 2019
By Alois Vinga AT least 56 former First Capital Bank employees who were...

Markets

September 16, 2019
By Alois Vinga GOVERNMENT has tabled a plan to establish gold centres which will provide technical and financial assistance to Artisanal Small Scale Miners (ASM). The move is aimed at improving efficiency and total gold output. Addressing a business breakfast forum on Thursday, Mines and Mining Development Minister, Winston...
RBZ: US$799 million traded via interbank market since inception
September 15, 2019
By Alois Vinga THE Reserve Bank of Zimbabwe (RBZ) on Friday announced that...
Banks tighten grip on loan books
September 10, 2019
By Alois Vinga LOCAL financial institutions have gone out of their way to...
Zim stays crucial to platinum producers amid tough new indigenisation laws
August 13, 2019
Mining.com The Zimbabwean reports Angloplat, the world’s number one producer said it was...
Gold, tobacco production plunges as power cuts effects wreak havoc
August 10, 2019
By Alois Vinga RECEIPTS from Zimbabwe’s top foreign currency earners tobacco and gold...
Countless licences, bureaucracy choking trade
August 4, 2019
By Alois Vinga EXPORTERS have bemoaned the numerous licencing and associated fees required...

Economy

September 18, 2019
By Alois Vinga THE Reserve Bank of Zimbabwe (RBZ) has reported a 3.3 % foreign currency deposit increase within the country’s banking sector for the period ending June 30, 2019, a second successive positive jump this year. The details are contained in the Central Bank’s latest monthly economic review...
Diesel, petrol prices go up again
September 16, 2019
By Alois Vinga PRICES of petrol and diesel went up again on Monday,...
Zimbabwe’s forex inflows fall just when they are needed most
September 16, 2019
Fin24 Zimbabwe’s foreign currency inflows fell 24% for the six months to June...
Zim establishes Monetary Policy Committee in stability bid
September 12, 2019
Bloomberg Zimbabwean Finance Minister Mthuli Ncube established a Monetary Policy Committee in his...
AfDB to extend US$700 000 grant towards Zim’s disaster preparedness
September 6, 2019
By Alois Vinga ZIMBABWE is set to benefit from a US$700 000 grant...
Government in new ambitious attempt to resuscitate ZISCO
September 5, 2019
By Leopold Munhende PRESIDENT Emmerson Mnangagwa’s government, struggling to create employment as promised...