Zimbabwe rakes in US$275 million from tobacco sales

By ZBC Reporter ZIMBABWE’S foreign currency inflows have been boosted after tobacco worth more than 270 million United States dollars has been sold so far during the gold leaf marketing…

Government to standardise mining levies

By ZBC Reporter GOVERNMENT says it is working to ensure mining levies charged by local authorities are standardised. With local authorities charging different levies to companies undertaking mining activities in…

GMAZ announces drop in bread price

BREAD prices drop to $66 today for a standard loaf from between $71 and $80, following an agreement yesterday that millers can buy the currency to import wheat from the…

John Deere offers additional $250m deal

FOLLOWING the successful launch of the US$51 million facility for farm mechanisation, United States-headquartered company John Deere now wants to expand the programme to US$250 million to include the supply…

Street parking now most expensive in SADC

STREET parking in Harare city centre is now set at US$1 an hour or the equivalent in local currency at the ruling exchange rate set by the auction system, at…

Individuals, companies can now buy or sell forex using the banking system

By ZBC Reporter THE decision by the Reserve Bank of Zimbabwe to allow individuals and other business entities to buy or sell foreign currency in small amounts through the banking…

Mobile Money Debate: Plug regulatory gaps, monetary authorities told

BY ZBC Reporter Regulatory deficiencies identified in mobile money transactions have triggered a debate as to whether enough is being done to curb economic malpractices that have destabilised the economy.…

US dollar exchange rate moves to $63.74

By ZBC Reporter The exchange rate of the Zimbabwe dollar to the United States dollar has moved to just over 63 dollars after another foreign exchange auction session held this…

Import substitution strategies continue to bear fruit

By ZBC Reporter GOVERNMENT’S export promotion and import substitution policies continue to bear fruit, with local companies expanding their production capacity. The Second Republic’s thrust to reduce imports and increase…

RBZ speaks on USD allowances modalities

By ZBC Reporter THE RESERVE Bank of Zimbabwe (RBZ) says banks and large scale businesses are working on modalities to ensure civil servants and pensioners easily transact and retain value…