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1-10 results from 1000 for query «currency»

September 10, 2018 10:45 PM New Finance Minister eyes urgent reforms

Newly appointed Finance Minister Mthuli Ncube, has pledged extensive economic reform measures expected to begin with scrapping of Zimbabwe’s surrogate currency, bond notes and reining in Government spending to restore macro-economic stability and sustainable growth. Ncube, a professor of economics and finance, said he already had plans and a vision of what reform 24

September 4, 2018 3:45 PM Nigeria hits MTN with $2bn tax bill

Africa’s largest mobile phone operator, MTN, says it has been hit with a $2bn (£1.5bn) tax bill by Nigeria just days after the country’s central bank slapped the company with an $8bn fine. As a result of MTN’s woes in its most lucrative market, the company’s shares have dropped by about 20% in under a week. MTN says the office of Nigeria’s attorney general 30

August 17, 2018 4:58 AM Shops run out of soft drinks…Delta sweats over raw material imports

Delta Beverages has urged its customers to be patient following a shortage of soft drinks and maheu products on the local market. In a written response to questions from Business Chronicle yesterday, Delta Corporate Affairs executive Mrs Patricia Murambinda acknowledged the shortage of soft drinks and maheu brands across the country due to foreign currency 20

July 31, 2018 1:59 PM Delta revenue up 41pc

Zimbabwe’s largest beverage maker, Delta Corporation reported a 41 percent increase in revenue for quarter ended June 30 after strong performance in lager beer while volumes increased 33 percent. Pearson Gowero, the company’s chief executive, told shareholders at Delta’s annual general meeting on Friday that lager beer volumes increased 56 percent while 37

July 25, 2018 1:28 PM Zinara ‘prioritising VIP roads in Harare’

The Zimbabwe National Roads Authority (Zinara) has been prioritising VIP routes in Harare, an official has said. Harare City Council (HCC) environmental committee chairperson yesterday said every year Zinara makes full disbursements for VIP roads while neglecting those in other parts of the city. His remarks came after residents argued that roads in most high density 21

July 9, 2018 3:03 PM Chamisa dares Mnangagwa on corruption

President Emmerson Mnangagwa cannot weed out corrupt elements within his government because he has dirty hands, MDC Alliance leader Nelson Chamisa has said. Speaking at a rally in Zvishavane on Saturday, Chamisa told his supporters that Mnangagwa is the symbol of corruption in Zimbabwe. “I heard Mnangagwa saying he had created an anti-corruption unit in his office 46

July 5, 2018 3:57 PM RBZ rules out return of Zimbabwe Dollar

The Reserve Bank of Zimbabwe (RBZ) has refuted claims circulating on social media about the reintroduction of the banished local unit. Social media sites such as WhatsApp, Facebook and Twitter were awash with a document purportedly issued by RBZ announcing a comeback of the Zimbabwe dollar which was phased out due to hyperinflation. But in a statement 74

July 3, 2018 1:45 PM TelOne revenue surges to $117m

State-owned integrated telecommunications firm, TelOne, revenues increased to $117 million last year driven by growth in broadband income. According to the company’s financial results for 2017, total revenues jumped by three percent from $14 million in 2016 despite a decline in voice revenue. TelOne chairperson Juliet Machoba said the company expects 39

June 25, 2018 6:21 AM Vandals cripple new Zesa projects

Vandalism of electricity infrastructure is crippling implementation of new projects across the country as available funding is being channelled towards replacing vandalised equipment, a senior official has said. Chief Energy Development Officer for Matabeleland region in the Ministry of Energy and Power Development, Mr Peace Rugube said vandalism and theft 24

June 10, 2018 2:56 AM RBZ digs in on cryptocurrency ban

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has defended the central bank’s decision to ban cryptocurrency transactions and accused a local dealer of exposing the country, money-laundering, evasion of foreign currency exchange controls and violation terrorism financing. Bitfinance (Pvt) Ltd, trading as Golix, is challenging the recent RBZ ban at the High Court 17