Zimbabweans urged to embrace local currency

By Lisa Masuku GOVERNMENT says it is on course to achieve a positive economic growth rate despite sanctions-induced challenges. The Minister of Finance and Economic Development, Professor Mthuli Ncube said…

Tobacco, gold exports ease Zimbabwe’s trade deficit

By Stanley James ZIMBABWE’S trade deficit narrowed to around US$50 million in April this year on the back of a modest increase in tobacco and gold exports. Data released by…

Central bank hailed for keeping money supply growth under check

By Davison Vandira Economists have commended the Reserve Bank of Zimbabwe (RBZ) for maintaining a tight grip on reserve money by mopping up excess liquidity in its endeavor to consolidate…

Local currency marginally gains against US$

By ZBC Reporter THE stability of the local currency against the united states dollar continues according to this Tuesday’s Reserve bank of Zimbabwe foreign Currency Auction results with the local…

Japan runs out of credit card numbers amid online shopping boom

BY The Guardian TOKYO- Japan is running out of credit card numbers amid a surge in online shopping during the coronavirus pandemic. This comes after the country’s credit card companies…

UK economy contracts by 20% under Covid-19 lockdown

By FIN24 THE United Kingdom economy suffered worse than any other major European nation during the coronavirus lockdowns, posting a 20.4% contraction in the second quarter that will raise more…

Multinationals recognise the value of local currency in funding Africa

By ZBC Reporter MULTINATIONAL organisations, which have long relied on the dollar or euro-based funding when doing business in Africa, are increasingly adding local currency capital to their funding mixes…

Zim’s new higher denomination notes start circulating

By Xinhua HARARE: Zimbabwe’s new 10 dollar note started circulating on Tuesday as the country battles high inflation and cash shortages. The move is part of the Reserve Bank of…

Asian markets tumble as early stimulus rally fizzles

ASIAN markets plunged Wednesday, reversing an early rally fuelled by global stimulus pledges, including a more than $1 trillion package flagged by the United States. With borders being shut and…

Stock markets weighed down by virus fears

CORONAVIRUS fears weighed on global stock markets Thursday as investors took profits even after China reported a big drop in new cases and eased borrowing costs to cushion the epidemic’s…