How Zimbabwe paid 2-week old company US$2m, sparking Interpol probe

HARARE – Authorities in Hungary have opened a money-laundering investigation after a company that was two weeks old received a huge payment of US$2 million from...

Zimbabwe COVID-19 Lockdown Monitoring Report: 3 May 2020 – Day 35

Introduction...

Zimbabwe’s government forced to give civil servants a cushioning allowance to avoid strike

Minister, Mthuli Ncube, who has projected a 3% growth for its economy in 2020, says there...

Zim expects improved power supplies as it boosts payments to foreign suppliers

Zimbabwe expects its power situation to improve from Tuesday after its government said it had reached...

Zimbabwe to revamp investment markets after treasury bill auction

Permanent secretary for treasury George Guvamatanga said yesterday that the treasury bills and bond markets were...

To Borrow $500 Million, Zimbabwe Pledges Undeveloped Mine

The main collateral for African Export-Import Bank’s $500 million loan to Zimbabwe is a mine that...

Zimbabwe increases fuel prices as economic crisis deepens

The latest fuel price increase comes four months after similar rise triggered protests and deadly security...

Zimbabwe to subsidise public transport as inflation accelerates

The measure is introduced as the central bank and finance ministry injected $500 million to improve...

Zimbabwean Lenders Ask Central Bank to Lift Interest-Rate Cap

Zimbabwe’s lenders, which include units of Standard Bank Group Ltd. and Ecobank Ltd., appealed to the central bank to...

Zimbabwe central bank denies new currency rate being fixed

HARARE (Reuters) - The head of Zimbabwe's central bank denied on Thursday that it had fixed...

Zimbabwe Targets $700 Million From Controversial Payment Tax

Zimbabwe expects to raise $700 million a year from a new tax on money transfers that...

Zimbabwe needs to undergo pain to enjoy reform, says minister

‘I know it is a shock to people, but we do need austerity now,’ says the...

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