Business

Fidelity Struggles to Pay Miners

Fidelity Printers and Refiners has reportedly been failing to pay small scale gold miners on time as Covid-19 restrictions have limited flights into the country, thereby affecting smooth importation of hard currency cash needed to pay the clients. Covid-19, a viral disease first detected in Wuhan, China, has killed hundreds …

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Gold Miners Get 100pc USD

By Ishemunyoro Chingwere State gold buying entity, Fidelity Printers and Refineries (FPR), has finally yielded to pressure from gold miners and will with immediate effect settle payments 100 percent in US Dollars. FPR had all along been paying 55 percent in USD with the remainder being settled in local currency …

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Mangudya Vows More Siege On Mobile Money Transfer Service Providers

By Alois Vinga Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya has reiterated the apex bank’s resolve to tighten screws on mobile money transfer service providers accused of failing to deal with rampant illicit trade on foreign currency through their platforms. Speaking to NewZimbabwe.com Monday, Mangudya said the central bank …

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AU Reiterates Calls for Sanctions Removal

The African Union yesterday reiterated calls for the unconditional lifting of sanctions imposed on Zimbabwe and Sudan by the West saying the embargo was infringing on the countries’ efforts to decisively deal with the impact of the coronavirus. In a statement marking Africa Day African Union Chairperson President Cyril Ramaphosa …

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‘Country’s Leaders No Longer Have Control’ Tsenengamu

Former Zanu PF national youth political commissar Godfrey Tsenengamu has claimed that the country’s leadership no longer has control of the country as they are captured by cartels. Tsenengamu said this during the launch of a social movement called the Front for Economic Emancipation in Zimbabwe (FEEZ). “We are very …

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Removal of Banks From Sanctions Hailed

Bankers, farmers and economists have praised the full removal of Agribank and the Infrastructure Development Bank of Zimbabwe (IDBZ) from the US sanctions list, saying the development will help the agriculture sector, which is critical in turning around the economy. The American Department of Treasury last week implemented an earlier …

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Rutenga Readies for Dry Port

The face of Rutenga in Mwenezi District is fast changing with the growth point undergoing rapid expansion as it reaps huge benefits from its designation as a dry port. The Second Republic, led by President Mnangagwa, wants to expedite opening of a dry port at Rutenga to de-congest Beitbridge Border …

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