Zim needs US$2,5bn to dump forex auction

Zimbabwe will continue with the auction system as a primary platform for exchange rate discovery and trading of foreign currency for as long as it does not have sufficient reserves — at least USU2,5 billion — to cover six months of imports, a senior official has revealed.

We are suffocating, decry exporters

Manufacturers want authorities to revert to a lower export earnings surrender threshold, arguing the prevailing liquidation level has suffocated exports and removed all incentives to export.

Hive of activity at vaccination centres

The national vaccination roll-out is gathering pace as the decentralised centres introduced by Government last week have started registering more activity and Zimbabwe now regularly vaccinating with the first dose over 13 000 people a day. 

Days numbered for rogue cops protecting drug peddlers

SOME rogue police officers take bribes to protect peddlers of illegal drugs but police now want to take action and have asked the public to pass on to Police General Headquarters (PGHQ) any information helpful in apprehending the culprits.

Boustead Beef demands $3,5bn from CSC

Boustead Beef, the British company that entered into an agreement with Government to revive Cold Storage Company (CSC), submitted over $3,5 billion in claims to the company at the first creditors meeting last week. 

We’ll not accede to land transferability: Minister

Government will not accede to transferability of land because its ownership and farming are two distinctive items that should be separated, a Cabinet Minister has said.

Stanbic: Investment bank of 2021

Stanbic Bank Zimbabwe has been named the 2021 Best Investment Bank in Zimbabwe by the London-based Global Banking & Finance Review. 

‘Sadc seeks lasting solution to Moza crisis’

SADC is taking action on the crisis in Mozambique and regional leaders, including President Mnangagwa, were in Maputo yesterday to find a lasting solution to the problem, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa has said.

Govt scraps VAT for selected tourism goods

Government has removed Value Added Tax (VAT) payable on selected goods and services in the tourism sector in an effort to promote domestic tourism and catapult the industry back to its hey days.

First Capital disrupts digital banking

First Capital Bank has recently introduced two enhanced digital capabilities that will positively reshape the customer’s online banking digital experience. 

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