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 Reserve Bank of Zimbabwe

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updated Mon. May 22, 2017

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Reserve Bank of Zimbabwe governor Dr John Mangudya said The Cotton Company of Zimbabwe has mobilised enough resources to buy cotton during this marketing season.
Chinamasa said this as he praised the mining industry on Friday at the just ended 78th Chamber of Mines of Zimbabwe annual general meeting and conference in Victoria Falls.
Reserve Bank of Zimbabwe deputy governor Khupukile Mlambo told the same conference that chrome actually grew by 3 201 percent up to May 12 this year from the $1,5 million recorded in the same period last year.
According to the Third Schedule of the Income tax Act, some of the organisations enjoying this privilege are local authorities, the Reserve Bank of Zimbabwe, the Zambezi River Authority and the Post Office Savings Bank (POSB), whose receipts and ...
government should come up with a local content store model that supports or exclusively sells locally manufactured commodities to accelerate industry revival and capacity utilisation, the Confederation of Zimbabwe retailers (CZR), has said. BY ...
More than 200 cross border traders who have benefited from the $15 million Reserve Bank of Zimbabwe loan facility are this week expected to travel to different countries to buy and sell products.
Treasury has released $80 million to capitalise the Zimbabwe Consolidated Diamond Company as government moves to ensure that the company plays its role in the diamond sector.
Former depositors and creditors of AfrAsia Bank, formerly Kingdom Bank, have to date received $4,84 million in compensation over two years after the bank was closed and put under liquidation.
The funding will be allocated through the Reserve Bank and Zimbabwe and administered by the ministry of Small and Medium Enterprises and Cooperative Development.
By George HayLONDON, May 22 (Reuters Breakingviews) - A decade or so ago, Zimbabwe introduced the 100 trillion Zimbabwean dollar note - a response to hyperinflation caused by lustily printing Zimbabwean currency to pay its bills. ... spending may ...
INDUSTRY has made proposals for an upward review of the Reserve Bank of Zimbabwe's export incentive to 10 percent from the current 5 percent as they push for more export earnings and improvement in the country's balance of payment position.
Chidakwa's made the comments despite Reserve Bank of Zimbabwe governor John Mangudya consistently saying that market conditions were not right for the return of the Zim dollar anytime soon.
The unit under the Reserve Bank of Zimbabwe (RBZ) has been redeployed into the business sector to implement the recently announced policy and sections of the Act.
He said the process of gold smelting at the mine, including the collection and re-smelting of the accumulated gold shavings, was done under the direct oversight of a representative of Fidelity Printers, a unit of the Reserve Bank of Zimbabwe. "It was ...
The Reserve Bank of Zimbabwe (RBZ) has said it is injecting $100 million cash into the economy on a weekly basis, but the country has remained in the throes of a bank note shortage caused by a widening deficit as the local manufacturing industry ...
ZAMCO was created by the Reserve Bank of Zimbabwe as a special purpose vehicle to house the banking sector, non-performing loans (NPL) and uses a combination of strategies to fund NPLs acquisition, including government Treasury Bills and loans from ...
Biti's disclosures somehow vindicate finance minister Patrick Chinamasa and Reserve Bank of Zimbabwe (RBZ) governor John Mangudya, who both have been accused by analysts and currency watchers of frustrating the use of the rand.
Enterprising foreign currency exchange dealers in Francistown are getting into cash selling business amid reports the Zimbabwean bond notes are being shipped out of the neighbouring country. Voice Money has established that ... Reserve Bank of Zimbabwe ...
Zimbabwe's total gold output was 22.7 tonnes in 2016, according to national treasury figures, which has set a target of 30 tonnes this year.
The Reserve Bank of Zimbabwe has been briefed about the summons. capital Bank surrendered its operating licence in 2014, having hit hard times.
THE African Export Import Bank (Afreximbank), has extended by two years a US$200 million facility released to the Reserve Bank of Zimbabwe (RBZ) in 2015 to finance the interbank market. This is expected to ease liquidity pressures in the financial ...
"An agreement with government has been reached following high level meetings between its representatives, the Reserve Bank of Zimbabwe (RBZ) and ourselves. The final figures now await the signature of the minister of finance and the information will be ...
The government, through the Reserve Bank's Zimbabwe Asset Management Company took over the majority stake of the country's largest drug manufacturer after paying off its debts and previous shareholders.
While hyperinflation is far from the ideal catalyst for such a shift, Zimbabwe's experience proves that citizens can and will adapt to challenging circumstances.
He said the Reserve Bank of Zimbabwe (RBZ) was willing to boost production capacity and extend further finance facilities and export incentives provided evidence-based recommendations were put forward from industry.
Dr Gumbo said his Ministry, with the assistance of the Ministry of finance and Economic Development and the Reserve Bank of Zimbabwe, had embarked on an "intensive computerisation programme of all its systems and processes." ... that will see us ...
The Tendai Biti-led party castigated vice president for "lying to the nation" through state media recently that the country has $9 billion in circulation contrary to Reserve Bank of Zimbabwe statistics which show that $6,51 billion is in the market ...
The Grain marketing Board (GMB) has been the buyer of choice for Zimbabwean farmers for decades, but developments in recent years have seen growers shunning the parastatal, opting to deal with private buyers.
"We have discussed this matter with the Reserve Bank of Zimbabwe and what we are doing now, because most of the gold that is currently held is in private hands, we need to get our own companies operating.
Earlier in March, Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya said there was around $2, 1 billion worth of TBs floating in the market, which were issued to bridge government's funding gap and clear the central bank's debt.
Zimbabwe has been in a deflationary mode since September 2014. In the 2017 monetary policy statement, Reserve Bank of Zimbabwe Governor Dr John Mangudya projected that on the outlook inflation was expected to move into positive territory for the first ...
This comes after Reserve Bank of Zimbabwe governor John Mangundya last week said he was working on a raft of measures to promote the enhanced use of plastic and electronic money which now accounts for 70 percent of retail transactions amid ...
Barclays Zimbabwe is still controlled by Barclays plc, but the British bank has said that it intends to dispose of its interests in the bank.
Also, as eyes and ears of the general public on the one side of the political isle, and of the powers that be on the other, Zimbabwean journalists should weigh into the problem of current cash shortages in the country to help end the problem which does ...
The RBZ (Reserve Bank of Zimbabwe) is completely and utterly powerless to act where Zanu PF is concerned. "In fact, the RBZ easily becomes a de facto extension of the Zanu PF department of finance when it comes to facilitating illicit, fraudulent ...
Fielding questions from the floor after presenting a public lecture themed "Command agriculture in Zimbabwe: Myths, Lessons and Future" at the Midlands State University last week, VP Mnangagwa said government was ready to finance all sound projects ...
Of late, the government has recognised the Diaspora community as a potential source of foreign currency prompting the Reserve Bank of Zimbabwe to introduce a Diaspora Remittances Incentives Scheme to encourage the remittances to come through the ...
Zimbabwe's prevailing cash crisis has escalated, with queues visible at many banking halls in Harare, a survey has shown. BY FIDELITY MHLANGA.
In his 2017 Monetary Policy presentation the Reserve Bank of Zimbabwe reported the level of non-performing loans had declined from a peak of 20,45 percent in 2014 in the ratio of total loans to 7,87 percent by December last year.
Biti further dismissed recent claims by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya that the major cause of the country's cash crisis was indiscipline among locals.
Events unfolding in the financial and economic sector have cast the discussion of property rights back into the limelight and the extent to which they are recognised and protected in Zimbabwe. In April the Reserve Bank announced policy guidelines in ...
Biti further dismissed recent claims by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya that the major cause of the country's cash crisis was indiscipline among locals.
The government must repay the public money it robbed from the Reserve Bank of Zimbabwe (RBZ) to restore sanity in the financial sector, the People's Democratic party (PDP) has demanded.
"We continue to engage with the Ministry of finance, the Reserve Bank of Zimbabwe and banks to see if there is a way to increase the cash allocation to farmers," he said.
"We are doing the best we can as Zesa to engage, Ministry of finance and Treasury, including the Reserve Bank of Zimbabwe. who allocated the nostro dollars to clear the power import debt arrears." Early this year, Zesa made payment plans with regional ...
Zimbabwean economy is on a recovery trajectory buoyed by this season's bumper harvest and the rebound of the mining sector much to the chagrin of the country's detractors.
In his 2017 Monetary Policy presentation the Reserve Bank of Zimbabwe reported the level of non-performing loans had declined from a peak of 20,45 percent in 2014 in the ratio of total loans to 7,87 percent by December last year.
In a letter addressed to the Zimbabwean state-run power company ZESA, Matshela Koko, South Africa's power utility company Eskom CEO, warned that the company will reduce its electricity supply to Zimbabwe by 300 megawatts per day from June due to its ...


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