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Tag : RBZ

Finance Minister launches Transitional Stabilization Programme (TSP)

Minister of Finance and Economic Development, Mthuli Ncube on Friday launched Zimbabwe’s latest economic blueprint, titled Transitional Stabilisation Programme (TSP). The TSP will run between 2018 and 2020 to facilitate implementation of vision 2030. Among some the measures announced by the minister he said, Budget deficit will be reduced The Civil Service will be right-sized […]

3 years ago Comments Off on Finance Minister launches Transitional Stabilization Programme (TSP)
Zimbabwe's 2018 new Monetary Policy Highlights for Investors

Zimbabwe’s 2018 new Monetary Policy Highlights for Investors

Zimbabwe is on the move to strengthening the multi-currency system for value preservation and price stability. The Statement comes at a time when the economy is expanding on account of high consumer demand, increased business confidence within the national economy and positive expectations following the peaceful completion of the electoral process and the subsequent formation […]

3 years ago Comments Off on Zimbabwe’s 2018 new Monetary Policy Highlights for Investors

Prof Ncube’s interview on investing in Zimbabwe

Zimbabwe Finance Minister Mthuli Ncube discusses the importance of currency stability, efforts to eradicate cholera, and the economic impact of the dollar and China trade. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)

3 years ago Comments Off on Prof Ncube’s interview on investing in Zimbabwe

RBZ’s Mangudya sees positive investment climate

Mangudya tells Bloomberg that Zimbabwe’s gold production has risen significantly by seventy percent in the past eight months producing about 25 tonnes by end of August vs eleven tonnes in 2017.He also says that the gold is finding its way to international markets.He tells Bloomberg that Zimbabwe is receiving investors from the USA,UK,Germany and China.

3 years ago Comments Off on RBZ’s Mangudya sees positive investment climate
Mine Entra bookings reflecting growing business confidence

Mine Entra bookings reflecting growing business confidence

This year’s edition of the Mining, Engineering and Transport (Mine Entra) expo is already 93% booked, a sign of growing business confidence in the sector and strong international interest in doing business with Zimbabwe. Mines and Mining Development minister Winston Chitando is expected to officially open the show, which will run from October 10 to […]

3 years ago Comments Off on Mine Entra bookings reflecting growing business confidence
Finance minister praises use of cryptocurrency

Finance minister praises use of cryptocurrency

Mthuli Ncube, Zimbabwe’s new finance minister has called on his country to embrace cryptocurrencies, following the example set by Switzerland. Central bank should handle Bitcoin like Switzerland. Mthuli Ncube, who was appointed as the finance minister of Zimbabwe just two weeks ago, has urged Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (RBZ) to emulate […]

3 years ago Comments Off on Finance minister praises use of cryptocurrency
Prospect Lithium secures US$10 million

Prospect Lithium secures US$10 million

ASX-listed Prospect Resources has announced that its 70% owned Zimbabwe subsidiary, Prospect Lithium Zimbabwe, has received a US$10 million Export Finance Facility from the Reserve Bank of Zimbabwe through CBZ Bank. The loan carries an interest rate of 7.5% and a capital repayment holiday of 12 months, after which monthly capital repayments are to be […]

3 years, 1 month ago Comments Off on Prospect Lithium secures US$10 million
Delegate forex allocation to banks

Delegate forex allocation to banks

THE Reserve Bank of Zimbabwe should abandon its foreign currency allocation framework and delegate the role to individual banks as this gives the impression of a distorted economy, the Zimbabwe National Chamber of Commerce (ZNCC) has said. Due to persistent foreign currency shortages facing the economy, the RBZ came up with a foreign currency allocation […]

3 years, 3 months ago Comments Off on Delegate forex allocation to banks