New banknotes to be introduced soon

THE Reserve Bank of Zimbabwe (RBZ) will soon introduce a new set of higher denomination banknotes to increase physical money supply, curb cash shortages and improve transacting convenience.Authorities have approved…

WATCH: Ease of doing export business to underpin ZimTrade’s mandate in NDS 1

By Owen Mandovha Zimbabwe trade promotion body, ZimTrade Chief Executive Officer Mr Allan Majuru has laid out the organisation’s strategy to grow the country’s exports in line with National Development…

Zimbabwe’s Kuvimba seeks $1 billion for platinum, gold projects

By Reuters HARARE: Zimbabwe’s unlisted Kuvimba Mining House is seeking to raise $1 billion for its gold and platinum projects, including a gold mine that could produce 150,000 ounces a…

African Chrome Fields employees clash with management over PPEs, slave wages

By Tafara Chikumira Workers at African Chrome Fields (ACF) are up in arms with management at the ferrochrome producing firm, amid accusations of inadequate personal protective equipment and unfair labour…

RBZ scraps compulsory liquidation of forex within 60 days

By Owen Mandovha The Reserve Bank of Zimbabwe has with immediate effect scrapped the compulsory requirement to liquidate all unutilised export proceeds after 60 days in a move set to…

Vic Falls on high alert as new covid-19 variant takes toll

Local tourism players have expressed concern over the new covid-19 variant and lockdowns in major European source markets saying it might hinder prospects of marginal rebound of the industry this…

NDS-1: mining to spur economic growth

The accelerated extraction and beneficiation of mineral resources during the first phase of National Development Strategy One is expected to contribute significantly to set targets of economic growth. Lithium is…

Kuvimba Mining House eyes Globe & Phoenix gold mine

By Bruce Chahwanda KUVIMBA Mining House is set to takeover Globe and Phoenix Gold Mine after the government gave the nod to the transaction which will also see the mining…

Dr Masuka calls for urgent reforms at GMB

Government has challenged the board of directors at the Grain Marketing Board (GMB) to reform the parastatal and ensure it becomes an active participant in driving the country’s economic growth…

Economists project growth premised on NDS-1

Zimbabwe’s economy is expected to grow significantly in the next five years underpinned by the National Development Strategy One whose implementation begins this month. Having successfully battled multi-layered economic challenges…