Fuel procurement now via interbank rate
Government has, with immediate effect, removed the 1:1 foreign currency exchange rate for the procurement of fuel by Oil Marketing
Zimbabwe Market News
Redollarise to fix economy: Biti
The crippling fuel and power shortages facing Zimbabwe are likely to get worse if government fails to deal with price
Zimbabwe police assure visitors of safety despite U.S. travel warning
The Zimbabwe Republic Police on Thursday reassured locals and visitors to the country that despite a negative travel advisory issued
Govt pays US$64,4m to white farmers
Government has to date paid US$64,4 million to 93 white former commercial farmers for the improvements they made on reallocated
Inflation shoots to 75%
Zimbabwe’s annual inflation rate for the month of April shot to 75,86%, up nine percentage points on the March rate
Govt demands $206m from miners
Government is owed a cumulative US$206 million in unpaid mining taxes and has since declared that it will soon be
Hospitality workers demand salaries in forex
Workers in the hospitality industry are demanding that their salaries be paid in foreign currency, saying their employers have the
‘Zim has no price distortions’
Government has denied there is a three-tier pricing system with Industry and Commerce deputy minister RajeshKumar (Raj) Modi claiming the
Zimbabwe earns nearly $3M selling elephants to China, Dubai, official says
If Zimbabwe can’t sell ivory, it’ll sell the whole elephant instead. Zimbabwe’s Environment, Tourism and Hospitality Industry Minister Priscah Mupfumira
Zimbabwe looks to SA’s Eskom to help stave off load shedding
Zimbabwe will turn to electricity imports from South Africa and Mozambique to ensure that the country does not resort to
2 500 Govt workers implicated in high-level graft
Over 2 600 cases of corruption involving Government employees and former employees have been recorded in the past 10 years
GMB misled Parly on $9m silo repairs loan
Grain Marketing Board (GMB) chief executive officer Rockie Mutenha allegedly misled Parliament on Tuesday when he denied reports that the
ZESA warns of massive load shedding
The Zimbabwe Electricity Supply Authority(ZESA) has issued a warning that it will be increasing power cuts to manage it supply,
City council dumps ‘costly’ billing system
Harare City Council has dumped the highly criticised BIQ billing system, saying it is not delivering the functionality of Enterprise
Zimbabwe central bank sees official black market exchange rates converging in 3 months
Zimbabwe’s central bank governor said on Tuesday he expected the official exchange rate of a new currency to converge with
More Japanese firms for Zimbabwe
More Japanese are set to invest in Zimbabwe in response to the on-going economic reform process with Tokyo and Harare
Business licences rake in $3 million
Harare City Council raked in $3,3 million from business licencing following a three-month-long blitz on unlicensed businesses in and around
Zinara bosses get US$8 000 for hairdo
The Zimbabwe National Road Administration (Zinara) has been paying two salaries for two chief executive officers for the past 12