Liberalise exchange controls, says CZI

The Confederation of Zimbabwe Industries insists, exchange controls in the country “need to be liberalised as the gap between the official rate and the parallel market continues to widen creating undesirable arbitrage opportunities.”

AFC Bank NPLs dip below 1 pc

AFC Commercial Bank, formerly Agribank, has reduced non-performing loan (NPL) ratio to 0.85 percent from 1.38 percent through growing the loan book and effective debt recovery.  

How companies can be relevant to local community needs

The rapidly changing business environment has shown companies that they should put contributions to the improvement of the socio-economic circumstances of the communities in which they operate at the core of their values.  

RBZ export incentive scheme becomes operational

The Reserve Bank of Zimbabwe (RBZ) has started operationalising the incremental export incentive scheme, which will see some exporters retain up to 100 percent of the qualifying portion of their earnings, as it seeks to drive export-led growth.

Annual inflation continues to slow

Zimbabwe’s official year on year inflation rate for the month of June 2021 slowed to 106.64 percent from 161.9 percent in May, according to Zimstat.

Econet launches revamped ‘YoMix’ App

Econet Wireless – Zimbabwe’s largest mobile network operator by customer base and network coverage – has re-launched its popular YoMix mobile application (app), extending its use to the rest of the company’s 11 million prepaid customers, and adding a wide range of digital value added and customer experience services.

Govt promulgates law to operationalise commodities exchange

Government has promulgated Statutory Instrument (SI) 184 of 2021 that will operationalise the much awaited agriculture commodities exchange – the Zimbabwe Mercantile Exchange (ZMX).

AfDB shareholders to tackle Covid 19

The African Development Bank (AfDB) shareholders have shown strong support for proposals to tackle the Covid-19 pandemic as the continent faces a possibility of a third wave amid poor vaccine access.

Seed Co to consolidate growth 

Seed Co Limited says the group will continue with its growth strategy despite abandoning its consolidation plans. 

CBZ’s Mudavanhu named IoDZ director of the year  

CBZ Holdings chief executive, Blessing Mudavanhu, on Thursday scooped the Institute of Directions Zimbabwe (IoDZ) 2021 director of the year award with IoDZ chairman Dr Mike Juru lauding business leaders for showing resilience during the trying times caused by Covid-19.  

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