The Reserve Bank of Zimbabwe (RBZ) says it is targeting to boost the number of Point-of-Sale (POS) machines in the country by 50 percent by year-end.
Kudzanai Gerede Business Correspondent Hoteliers in Manicaland’s major tourist destinations of Mutare, Vumba and Nyanga suffered significant declines in hotel room occupancy during first quarter (Q1) 2016
Kudzanai Gerede Business Correspondent Just when the memories of hyper inflationary adversities that dissolved public confidence in the local banking sector were fast fading, the ghost of the dreaded era is once again lurking around at a time when the financial services sector was showing tremendous signs of growth. This week Finance and Economic Planning […]
A shortage of banknotes is resulting in a new black market more than seven years after Zimbabwe abolished its own money, the Zimbabwean dollar, and adopted the greenback and other foreign currencies to avoid exactly that sort of unofficial trading. The shortage of cash has intensified in recent weeks, according to central bank governor Dr […]
Abel Zhakata Senior Reporter FLEECED Gimboki South Housing Scheme beneficiaries who lost millions of dollars to fraudulent executive members of the Mutare Housing Consortium have revealed the names of the people who duped them. The irate home-seekers said they were ready to avail police with intrinsic details of how they paid the executive members thousands […]
Listed Zimbabwean heavyweights Delta Corporation and Econet Wireless Zimbabwe continue to be the only two local firms making the Top 250 African companies list. The list, which is published annually by pan-African business magazine African Business, uses the companiesâ€™ financial data as provided by Bloomberg as at March 31, 2016. The beverages maker is the […]
Kudzanai Gerede THE Ministry of Finance and Economic Development has revised downwards the countryâ€™s 2016 economic growth projection targets which had earlier been pegged at 2,7 percent hoping the economy to grow by a marginal 1,4 percent owing to catastrophic agriculture sector performance as a result of prolonged dry spells which characterised the farming season […]