This morning the Reserve Bank of Zimbabwe (RBZ) governor, Dr John Mangudya presented the first half, 2020 Monetary Policy Statement (MPS) amid huge expectations for remedies to soothe the increasingly anxious financial market. However, as expected the governor presented much of what the Monetary Policy Committee
Grain Millers Association of Zimbabwe (GMAZ) has set the record straight on why they did not appear before the Justice Mayor Wadyajena Portfolio Committee saying the issue falls under the Public Accounts Committee. GMAZ had earlier written to parliament indicating that they would not appear before
The Grain Millers Association of Zimbabwe (GMAZ) failed to appear before the Justice Mayor Wadyajena led Parliamentary Portfolio Committee on Lands and Agriculture on issues relating to the US$27 million allocated to them by the Government. Addressing journalists after anxiously waiting for GMAZ, Wadyajena said the
The mid-day sun is at its zenith. Young, middle-aged men and women take shelter along the pavements of the Eastgate Mall, in central Harare. One would think that they are taking a rest but alas, these are illegal foreign currency dealers at work. The mall has
The Reserve Bank of Zimbabwe (RBZ) is expected to announce the first Monetary Policy Statement of 2020 in the next 30 days. The statement comes after the country’s treasury highlighted that the country will have an expansionary fiscal policy in 2020, indicating that government expenditure
The Reserve Bank of Zimbabwe (RBZ) recent cautionary statements against companies alleged to be complicit in the foreign exchange deals on the parallel market are turning into empty hype, short of action. For the benefit of doubt, let’s presuppose the Central Bank’s Financial Intelligence Unit (FIU)
A total of US$ 1.5 billion was traded on the interbank foreign exchange market during its initial 11 month period to 31 December 2019, the Reserve Bank of Zimbabwe has said. The interbank market was introduced late February last year as a mechanism to formalize illicit
The coins being rejected are the 25 cents and 50 cents units, but fears are that the $1 could soon meet its unfortunate fate whereas the biggest denomination is $5.
Local startup, Forex Trading School Africa has partnered one of the biggest Wall Street brokers, MX in a deal that is earmarked to impart online trading knowledge across the country and the African region starting next month, 263Chat Business has learnt. Online trading involves connecting with
NetOne’s mobile money platform, OneMoney’s mass registration program of agents and merchants is bearing fruit with the company asserting an increase in transaction volumes on the platform. OneMoney, the second largest mobile money service provider embarked on a mass registration exercise over a fortnight ago in
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