Search results: Reserve Bank of Zimbabwe (RBZ)

GOVERNMENT has set aside $8,5 billion to support electricity generation and imports this year as part of efforts to improve power supply and ease load shedding.A further $500 million will be injected into the economy in...

DISCUSSIONS to increase the minimum wage for 2020 between the Associated Mineworkers’ Union of Zimbabwe (Amwuz) and employers under the Chamber of Mines began this week with the two parties poles apart, a local business publication...

Zimbabwe’s coal producers are making a push to be partly paid in foreign currency by ZESA after the Reserve Bank of Zimbabwe (RBZ) recently directed the State-owned power utility to bill exporters in hard currency, an...

The Reserve Bank of Zimbabwe (RBZ) will meet gold mining players next week to resolve differences on forex retention levels as it moves to boost sales through the formal channels amid rising leakages of the yellow...

Zimbabwe registered declines in most minerals in the second quarter of this year on the back of worsening power outages, against the backdrop of persistent fuel challenges, foreign currency shortages, and rising inflation, among other factors.However,...

It is worth noting that the Reserve Bank of Zimbabwe (RBZ) has taken steps further in trying to stabilise the financial mess that has hit the nationBy Mirirai NgoyaWith the quick directive issued in terms of...

Foreign currency-starved Zimbabwe has liberalised fuel imports by allowing authorised dealers to pay directly to foreign fuel suppliers upon exchange control approval in a move meant to ease pressure on the government and improve the supply...

After implicated by the deputy secretary for ZANU PF youth affairs Lewis Matutu as one of the corrupt individuals in Zimbabwe, Zimbabwe Miners Federation (ZMF) president Henrietta Rushwaya has hit back at Matutu calling the ZANU...

ZIMBABWE is not in a position to liberalise domestic gold marketing and buying as this will negatively affect the flow of foreign currency into the economy, Reserve Bank of Zimbabwe (RBZ) deputy governor Dr Kupukile Mlambo...

Mystery surrounds the distribution of fuel in Zimbabwe after authorities have established that while enough money has been availed for players to procure the product, it has not been channelled to the market resulting in incessant...

Metallon Corporation (“Metallon”), the leading gold mining company in Zimbabwe, has served Legal notice to the Reserve Bank of Zimbabwe (RBZ) and Fidelity Printers and Refiners Limited, (FPR) for lack of payment for gold produced. Metallon...

Last month the president of Zimbabwe Miners Federation (ZMF) Henrietta Rushwaya reportedly said that gold output to FPR in 2019 production had drastically dropped from 500kg to 20 kg a week. Fidelity used to average 1-...