Business
RBZ bails out 3 banks
THREE banking institutions that experienced low liquidity levels in June owing to a significant amount of money taken out of the market to pay corporate taxes were in the same month bailed out through the Reserve Bank of Zimbabwe’s (RBZ) lender of last resort (LOLR) facility. A lender of last resort is an institution, usually […]
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Zim to register solid growth over 3 years
Zimbabwe is expected to register an average economic growth rate of 5 percent over the next three years, benefitting from a stable exchange rate and lower inflation rates, Finance and Economic Development Professor Mthuli Ncube has said. In his 2024 Budget Strategy Paper, Prof Ncube projected the economy to expand by 5,2 percent next year […]
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Hlanganani World Tourism Expo set for October
The annual tourism trade fair – Sanganai/Hlanganani World Tourism Expo which seeks to promote the country’s rich heritage, hospitality and showcasing Zimbabwe as an authentic African tourism destination is scheduled for October in Bulawayo The expo will run from 12 to 14 October at the Zimbabwe International Exhibition Centre. Previous editions have attracted participants from […]
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Versatile Mahindra Karoo S11 lands in Zim
The Mahindra Karoo S11, a bold yet stylish and adaptable workhorse, has landed in Zimbabwe amid great expectations that it deliver an outstanding experience for the motorist in keeping with Mahindra’s reputation. The Mahindra Karoo S11 is another superb offering exclusively available at Croco Motors and Dulys outlets in Zimbabwe. A versatile model, the Mahindra […]
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UD Trucks’ all-new Croner Bus to revolutionise commuter industry
Leading truck manufacturer UD Trucks is back with a bang in the commuter transport industry following with the introduction of the all-new UD Croner Bus. Exclusively available from Croco Commercial, the classy and yet efficient UD Croner Bus is set to provide much-needed solutions not only to the Zimbabwean market, but the African market as […]
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Cotton marketing season extended to end of month
The cotton marketing season has been extended to the end of this month to allow farmers complete delivering their crop with deliveries currently standing at over 86 000 tonnes but expected to reach 100 000 tonnes, doubling the harvest from last year. This is a 74 percent increase from the 49 million kilogrammes delivered during […]
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Economy on right track — Mthuli
Finance and Economic Development Minister, Professor Mthuli Ncube
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Government projects transform Lupane, accelerate development
LUPANE, the provincial capital of Matabeleland North, is growing in leaps and bounds as the Second Republic continues to accelerate the implementation of transformative infrastructural development projects in the largely rural province, which lagged behind in terms of development. Lupane is a rural semi-arid area with a growing population and some infrastructural expansion after it […]
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Gold tokens to become medium of exchange
THE Reserve Bank of Zimbabwe (RBZ) is finalising the modalities of rolling out the gold-backed digital tokens as a medium of exchange for domestic transactions to complement the US dollars, Governor Dr John Mangudya has said. Presenting the Mid-Term Monetary Policy Statement yesterday, Dr Mangudya also projected inflation to ease this year, with the annual […]
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Old Mutual Zimbabwe Donates A Neo-Natal Ventilator to Murambinda Hospital
Murambinda Hospital is a rural community hospital located in the town of Murambinda, Buhera District in Manicaland Province. The hospital is owned and administered by the Sisters of the Little Company of Mary under the endorsement and supervision of the Roman Catholic Archdiocese of Harare. It is the only hospital in Buhera District, with a […]
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