Zimbabwe diamonds: Incompetence rules

Taurai Mangudhla An internal report by the Minerals Marketing Corporation of Zimbabwe for the January diamond tender has exposed startling variances of up to 319 percent between the reserve

Econet boosts market share to 84.2pc revenue and 53,1pc customers

Business Writer Econet Wireless Zimbabwe grew its revenue market share to 84,2 percent in the fourth quarter of 2017, up from 8,6 percent in the third quarter of the same…

Forex a threat to Zim 2018 growth

The Zimbabwe economy faces the real risk of plunging into a recession this year if companies continue struggling to get foreign currency, according to findings by a UK-based

Bad investment cost pension funds $3bn

Business Writer Zimbabwe’s insurance and pension industry lost billions of dollars due to excessive recurrent expenditure and bad investment decisions between 2009 and 2014, to the

Who determines exchange rates?

Business Writer As Zimbabwe continues to battle acute foreign currency shortages, some manufacturers have turned to the parallel market to access foreign currency to purchase raw materials

Can we say the bond note was successful?

Taurai Togarepi The Reserve Bank of Zimbabwe introduced the bond note in November 2016 as an export incentive to exporters. Initially the incentive was pegged at 5 percent but now…

Call for RBZ to consider scrapping bond notes

Reports Compiled by Business Hub Writers The Reserve Bank of Zimbabwe should seriously consider scrapping bond notes in circulation as they are no longer serving their purpose, and are now…

How to arch a bridge through the spray

Why build a bridge at Victoria Falls? Cecil Rhodes’ grandiose dream of a railway line linking the Cape to Cairo was well in hand by 1898, fuelled by investment and…

Golix counts cost of repeat security issues. . . as competitor sees increased volumes

 Jeffrey Gogo Disruptions caused by recurrent security problems have started to take a toll on volumes at Golix, Zimbabwe’s first cryptocurrency exchange. Trading on Golix.com was this week

Standard Chartered introduces Digital Bank

BH24 Reporter Standard Chartered Bank – which operates in Zimbabwe – has launched the first of its digital banks.

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