Limited use of ZiG stifles Zim’s foreign exchange market
Limited use cases for the country’s local currency, the Zimbabwe Gold (ZiG), and not the exchange rate, has meant holders of foreign currency, largely exporters, have no motive or incentives to dispose of their holdings on the willing-buyer-willing-seller market.
Casualties unavoidable as liquidity challenge persists
Local businesses are in a quandary as it emerged limited access to finance for working capital requirements will have severe consequences on them such as the downsising of operations and carnage on jobs.
About Bridgefort
BridgeFort Capital Limited is a ZSE listed private equity company listed on the Zimbabwe Stock Exchange in 1997.
Invictus closer to final oil, gas sharing agreement with Govt
INVICTUS Energy, the Australian firm that discovered gas deposits north of Zimbabwe last year, is nearing completion of a petroleum production sharing agreement (PPSA) with the Government, which will guarantee the State getting a 40 percent share of the hydrocarbons extracted.
Zim to cut on token payments to creditors
Zimbabwe will approach the International Financial Institutions (IFIs) for some “deep haircuts” on the quarterly token payments the country is making to external creditors to relieve itself from debt distress.
Presidents Nyusi, Masisi and Mnangagwa to sign tripartite agreement
Prosper Ndlovu and Wallace Ruzvidzo, Zimpapers Reporters PRESIDENT Mnangagwa will meet his two counterparts, Mozambican President Filipe Nyusi and Botswana President Mokgweetsi Masisi in Maputo today to preside over the…
Zim enterprises kissing Zesa goodbye
Many businesses in Zimbabwe are being driven to generate own power either out of immediate necessity or because they do not forecast a reliable and stable grid for their electricity needs.
Edgars Stores consolidate supply chain
Edgars Store Limited says it has consolidated control of its supply chain by partnering local suppliers and increasing its production at Carousel, which has helped the group control the quality of merchandise supplied and lowering of costs.
FROM HOLLYWOOD TO HARARE REMAND PRISON, THIS HAS BEEN A ROUGH RIDE FOR MATTHEW
Robson Sharuko Editor PROMINENT car dealer Matthew Musengezi, who is also a city socialite, has spent the last week in remand prison, on trial for culpable homicide, in what represents…
President to seal tripartite deal in Maputo
Prosper Ndlovu and Wallace Ruzvidzo PRESIDENT Mnangagwa meets Mozambican President Filipe Nyusi and Botswana President Mokgweetsi Masisi in Maputo today to preside over the signing of the tripartite agreement on…










