Why it’s taking weeks for firms to access alloted forex

Delays currently being experienced by firms in accessing foreign currency alloted to them at the auction trading system are teething problems and the central bank is working flat out to smoothen the process, an official familiar with the developments has said.

Axia on a major comeback

Specialty retail and distribution group – Axia Corporation – experienced a rebound in sales volumes for the first quarter to September 30, 2020, thanks to the improved business environment obtaining.

US$2.9mln allocation boosts Sable Chemicals production

THE country’s sole ammonium nitrate (AN) fertiliser producer, Sable Chemicals, has managed to ramp up production to ensure adequate product supply after accessing US$2.9 million from the foreign currency auction trading system.

Cassava extends ‘My Ecocash Rewards’ to diaspora remittances­

IN an effort to increase foreign currency remittances into the country and bring smiles to local customers during this festive season, Cassava Smartech Zimbabwe (Cassava), has extended its ‘My Ecocash Rewards’ promotion to the diaspora community.

Arcadia progress gives hope for $12bln target

Prospect Resources Limited announcement on Friday of its plans to build a floatation pilot plant at Arcadia Mine near Harare to process bulk samples for its lithium markets globally, demonstrates more than just the progress the project is making.

Apple targeted by privacy campaigner who took on Facebook

Apple’s ad tracking is the target of two complaints to Spanish and German authorities by a privacy advocate whose earlier legal battles are forcing Facebook to change the way it transfers data.

Surprise cargo surge could surpass last year’s holiday period as more consumers shop online

Freight carriers including container shippers and cargo airlines say global demand is building toward a seasonal peak that could outstrip last year’s as more consumers shop online to overcome coronavirus curbs.

Japan’s 3rd-quarter GDP up 21.4 pct, still below pre-pandemic level

Japan’s economy in the July-September period increased an annualized real 21.4 percent compared to the previous quarter, logging the largest gain in 40 years, government statistics revealed Monday.

ED launches new economic blueprint

Mashudu Netsianda, Senior Reporter PRESIDENT Mnangagwa yesterday launched the National Development Strategy 1 (NDS1), which is anchored on economic growth and institutional reforms aimed at attaining an upper middle-income economy…

Industries come on board to assist BCC tackle water woes

Business Editor INDUSTRY and commerce executives in Matabeleland region have pledged to work closely with the Bulawayo City Council in implementing lasting solutions to the city’s perennial water woes. Water…

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