I did not rescind on the outlaw of the multi-currency regime – Minister Nzenza

Public Service, Labour and Social Welfare Minister Dr Sekai Nzenza has dismissed claims that she agreed with other Tripartite Negotiating Forum (TNF) partners – labour and business – to rescind and review Statutory Instrument142 of 2019.

JUST IN: Multi-currency system ban will not impact tourists, says ZTA

The Zimbabwe Tourism Authority has assured all visitors to the country that the recently promulgated Statutory Instrument 142 of 2019, which outlawed the multi-currency system and reintroduced the Zimbabwe dollar, will not negatively affect them as all convertible foreign currencies remain acceptable in Zimbabwe.

US$1,2bn debt subject to audit: Treasury

GOVERNMENT has said it will audit and verify the authenticity of liabilities it will assume under the US$1,2 billion historical or legacy debts to be taken over through the Reserve Bank of Zimbabwe (RBZ) at a rate of one to one between US and RTGS dollars.

Banks sit on nearly US$1bn

Golden Sibanda Zimbabwean banks are currently sitting on nearly a billion United States dollars while the economy is being ravaged by the impact of a US dollar crunch and the…

Agribank oversees US$102m facility

GOVERNMENT has assigned Agribank to manage distribution of imported farm mechanisation equipment valued at US$102 million to ensure transparency, efficiency and avoid abuse

Money supply growth slows

Money supply growth inched up in March 2019, but rose at a slower rate than that of the previous month of February mainly on the back of more money chasing relatively fewer goods.

RBZ lifts interest rate cap

The Reserve Bank of Zimbabwe has effectively removed the 12 percent cap on interest rates after increasing the rate on its overnight window to 50 percent per annum from 15 percent.

Invictus shares in trading halt

The securities of Invictus Energy Ltd (‘IVZ’) will be placed in trading halt at the request of IVZ, pending it releasing an announcement.

Warriors face DRC in final Group A match

The Warriors face Democratic Republic of Congo in their final Group A match hoping they can win by a huge margin and Uganda falter.

First Lady launches education programme

Paidamoyo Chipunza, Harare Bureau Everyone has a role to play in improvement of access and retention of learners in the education system for the achievement of quality teaching and learning for…

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