263Chat · Mnangagwa Cries Foul, Allegies Economic Sabotage President Emmerson Mnangagwa Thursday alleged that his administration is under attack from saboteurs who are trying to stifle economic and political progress. Mnangagwa made the remarks while addressing a ZanuPF Youth League Congress in Harare where he told the
263Chat · Simbisa Engages RBZ Over Innbucks Ban Fast food retail giant, Simbisa Brands Limited says engagements are currently underway with the Reserve Bank of Zimbabwe (RBZ) to find a solution to the impasse regarding the operations of its money transfer service, Innbucks following its
Eight registered financial institutions appeared before the Harare Magistrates court charged with illegal foreign currency dealings through the EcoCash platform. The eight institutions namely Titanium Capital (Pvt) Limited, Access Finance Private Limited, Dream High Investments, Terrerati Private Limited, Vision Credit Source Private Limited, Capital Profit Financial
The latest legal instrument -Statutory Instrument (S.I) 127 of 2021 meant to address exchange rate distortions by penalizing businesses not consistent with the ruling rate on the foreign currency auction market will create American dollar (USD) inflation and lower formal sector USD sales, the Confederation
CBZ Bank has been voted Zimbabwe’s best performing bank by the respected US-based Global Finance Magazine at the institution’s 28th annual awards for the World’s Best Banks. The achievement is a third successive feat for the bank which has become a leading feature on the country’s
Zimbabwe is at a crucial moment of redefining its agriculture in the face of climatic vagaries and financing gaps that have crippled crop yield in recent years while exposing millions of its citizens to extreme poverty and hunger. A 2019 World Bank report titled Public Expenditure
The Zimbabwe dollar marginally retreated by 0.51 percent (ZWL$0.43) to ZWL$ 82.99 against the American dollar in the latest auction trading conducted this afternoon as the local currency continues to hold its own after months of rapid decline since its introduction 18 months ago. Since the
Former Minister of Finance and MDC Alliance vice president Tendai Biti has described the current Finance and Economic Development Minister, Mthuli Ncube as a curse to the country for stirring the economy into abyss since his appointment in 2018. When asked to rate Ncube's performance as
The local Zimbabwean dollar has continued to lose value against the United States dollar following Tuesday's foreign currency exchange auction with the official exchange rate now standing at ZWL$80.4663from last week's ZWL$76.7596 An update released by the Reserve Bank of Zimbabwe following today's auction revealed that
Businesses in Harare are yet to adhere to the gazetted regulations directing all providers of goods and services to display prices in both the local (ZWL) and the American dollar (USD) using the ruling exchange rate, 263Chat Business has established. The amended Statutory Instrument 185 of
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