Zimbabwe today named 18 foreign currency abusers, the most notable one being milling company, National Foods. It did not disclose the amount involved but said the companies named will face…
Tag: Reserve Bank of Zimbabwe
Covid-19: Workers lose jobs
ABOUT 14 percent of the country’s manufacturing companies were forced to retrench workers in 2020 due to the adverse effects of the novel Covid-19 pandemic, the Confederation of Zimbabwe Industries…
RBZ Forex Auction Sustains Raw Material Imports Priority
THE Reserve Bank of Zimbabwe (RBZ) foreign exchange auction system has sustained the raw materials importation priority after allotting over US$12 million towards the cause amid exchange rate stability. A…
Waiting for new Zimbabwe banknotes
Heralded by Zimbabwe’s central bank and its President Emmerson Mnangagwa as the answer to an acute cash shortage that has hamstrung the country’s economy, new low-denomination banknotes were due to…