RBZ introduces US dollar savings bond

The Reserve Bank of Zimbabwe (RBZ) has brought to the market a United States dollar-denominated savings bond with an interest rate of 7,5 percent per annum to promote a savings culture among Zimbabwe...

Zimre Property overturns loss position

Property concern, Zimre Property Investments Limited (ZPI), overturned a loss position to register $116 million profit for the half year to June 30, 2019, from a loss position of $0,2 million reporte...

Rwanda records double-digit growth

The Rwandan economy grew by 12,2 percent from April to June this year largely driven by services, agriculture and industry, the National Institute of Statistics of Rwanda has said.

ANC, Mbeki honour Mugabe at SA memorial

THE African National Congress (ANC) yesterday held a memorial service for former President Robert Mugabe in KwaZulu-Natal and described him as an African statesman who played a key role in the libera...

Hre, Byo restructuring complete by December

ZANU-PF expects the Bulawayo and Harare restructuring exercise to be completed before the 2019 party’s annual conference to be hosted by Mashonaland East Province, political commissar Cde Victor Mate...

Zesa, minister tussle over US$400k debt

Local Government, Public Works and National Housing Minister July Moyo has denied owing the Zimbabwe Electricity Transmission and Distribution Company (Private) Limited over US$400 000 in unpaid elec...

AfDis gets US$22,5m RBZ boost

LISTED wine and spirits maker African Distillers Limited (Afdis), has secured US$22,5 million from the Reserve Bank of Zimbabwe to facilitate payment to one of the company’s major foreign suppliers. ...