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Talks Over Falgold Future Ongoing
ZSE-listed gold miner, Falcon Gold Zimbabwe Limited (Falgold) is still in the process of negotiating with potential investors on a possible cash offer to minority shareholders and the finalization of de-listing from the local bourse.…
RBZ Pays Part Of Rio Zim Debt
The Reserve Bank of Zimbabwe (RBZ) through its wholly owned gold purchasing subsidiary, Fidelity Printers and Refiners has paid part of the debt due to gold producer; Rio Zim but the miner insists the installment is rather “insignificant’.…
Farmers bemoaning mobile money ban
COTTON growers have criticised the government for its abrupt ban on bulk mobile money transfers, saying this will derail their operations as payments are now taking longer at a time the rate of inflation is galloping.
By Moses Matenga…
Gvt In Dilema As Private Sector Snub Treasury Bill Auction
Cash strapped Zimbabwean government's efforts to raise ZWL$ 500 million through a Treasury Bill (TBs) auction recently drew a lukewarm response from private sector, with total bids limited to just ZWL$ 170 million as investor appetite in…
Funding Gap Stalls Zim’s E-Procurement System
The establishment of an electronic procurement system to enhance transparency, efficiency and credibility of the country’s sloppy procurement processes has been hampered by funding shortfalls from external development partners, three years…
International Financial Institutions Eye NSSA’s ZB Bank State
Leading financial institutions from Dubai and Singapore are eyeing the National Social Security Authority (Nssa)'s 37,79 percent stake in ZB Bank worth more than US$ 12 million dollars, it has been established.
The authority is disposing…
Econet launches the first low-cost KaiOS-enabled 3G phone in Zimbabwe
Econet Wireless has partnered with KaiOS Technologies, a leading maker of mobile operating systems for feature smart phones, to launch the ‘Atom 3G’ phone – the country’s first 3G smart feature phone, that is set to help millions of…
Gvt Issues ZWL$ 500 Million TBs To Finance Covid-19 Fight
Government has issued a Treasury Bill (TBs) tender amounting to ZWL$ 500 million to local banks and building societies with a 270 and 364 day tenure as authorities seek to raise resources to meet Covid-19 pandemic expenditure.
The…
Covid-19 Complicates Zim’s 2023 Mining Target
The advent of the Covid-19 pandemic has dealt a major blow to Zimbabwe’s envisioned US$12 billion mining industry by 2023 with the disruptions that have already taken place leaving the country’s aspirations hanging in the balance.…
Zim Dollar Weakens To ZWL$ 64 Against USD
The Zimbabwe dollar further weakened on the weekly foreign currency auction this afternoon to reach ZWL$ 63.744 against the USD in its second auction since Reserve Bank of Zimbabwe jettisoned the fixed exchange rate system.
The Zim…