Business

Zimbabwe: NRZ Weighs Wider Revenue Generation Streams

The National Railways of Zimbabwe (NRZ) is weighing various options of leveraging its vast tracts of land in its property portfolio across the country to widen revenue generation streams. This was said by Transport and Infrastructure Development Minister Joel Biggie Matiza after touring some of the pieces of land in …

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Zimbabwe: Gold Revenue Up 48%

After slow production during the Covid-19 lock down, Zimbabwe’s gold sector has had a drastic come back reporting gold revenue is up almost 50 percent at least one of its major mines. The total revenue recorded for the second quarter of 2020 clocked and impressive to USD23. 6 million, that …

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Zimbabwe: RBZ Adjusts Rate to Support Forex Auction System

The Reserve Bank of Zimbabwe (RBZ) on Tuesday restored the bank policy rate to 35 percent as part of measures to curb speculative borrowing and support the smooth functioning and sustainability of the foreign exchange auction system. Generally, a bank policy rate is the rate used by central banks to …

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Telcos Ring Potraz for Another Tariff Increase

By Tawanda Musarurwa Local mobile telecommunications operators have approached the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) for another upward review of tariffs. Earlier in March Potraz approved a tariff increase for the operators, but continued currency depreciation and inflationary pressures had pushed up operating costs for these businesses. …

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Govt to Bail Out SMEs

Informal traders and small to medium enterprises affected by the lockdown and needing help should approach the relevant ministries instead of hurling insults at the Government on social media, Women Affairs, Community and Small and Medium Enterprises Development Minister Sithembiso Nyoni has said . She said the Government was still …

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‘RBZ Doesn’t Buy Forex From Streets’

The Reserve Bank of Zimbabwe (RBZ) is offering a monetary reward, in line with its whistle blowing policy, to anyone who helps identify people claiming to be buying foreign currency on its behalf on the parallel market. This was said by RBZ Governor Dr John Mangudya in a statement yesterday, …

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