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1-10 results from 1000 for query «currency»

November 11, 2018 5:08 AM Bulawayo company ventures into motorcycle manufacturing

A local company, Bike and Boat Bar Private Limited has ventured into motorcycle manufacturing business in a bid to offer alternative and cheap mode of transport. In other countries especially, in West Africa, motorcycles have become a fast and cheap form of short routes in towns. In an interview, Bike and Boat Bar manager Mrs Robyn Smith said the company 8

November 7, 2018 3:21 PM Fuel supplies back to normal

Petrol supplies have returned to normalcy at most service stations, while diesel is still in short supply. Zimbabwe was rocked by fuel shortages soon after Finance minister Mthuli Ncube announced a two percent tax on electronic transactions, which came on the backdrop of indications that he was to phase out bond notes. The shortages, attributed to the scarcity 11

November 6, 2018 6:33 PM Boarding schools face early closure

Most boarding schools in the country are at the verge of shutting down early due to food shortages amid current price hikes. This comes after price hikes disarmed the buying power that many schools had at the beginning of the school second term in August. The more than 70 percent increase in prices of commodities such as bread, rice, meat and toiletries 103

November 1, 2018 6:37 PM Mangudya to get second term as RBZ governor

President Emmerson Mnangagwa will retain John Mangudya for a second term as governor of the Reserve Bank of Zimbabwe, a state-owned newspaper reported on Thursday. The announcement follows speculation this week that the bank chief, who was first appointed for a five-year term in May 2014, would lose his job in the face of a worsening dollar crunch 24

October 26, 2018 9:25 AM 37 illegal forex dealers convicted . . . money forfeited to the State…. code named Operation “Dzosai Mari”

At least 37 illegal foreign currency dealers who were arrested in Harare under Operation “Dzosai Mari” on separate occasions over the past few days have appeared at the Harare Magistrate’s Court, with 10 of them being convicted for the offences and forfeiting their money to the State. The convicted will also do community service, while the remaining 18

October 25, 2018 6:05 AM 170 illegal forex dealers arrested

About 170 illegal foreign currency dealers have been arrested countrywide since last week as police intensify a campaign against currency trading. Police also say they launched the operation against the illegal currency traders because they pose a serious security and economic threat to the country. National Police spokesperson Assistant Commissioner 8

October 23, 2018 4:12 PM Doctors demand to be paid in US$

Doctors are demanding to be paid their salaries in United States dollars to cushion themselves from rampaging inflation. At the same time, the doctors have implored government to declare the situation in the health sector a state of emergency to enable it to seek aid from international partners. In a letter to Health Services Board (HSB) chairperson 16

October 23, 2018 5:48 AM Man dragged to court over $221 000 debt

National Tyre Services has been granted an order compelling a Harare businessman to liquidate a $221 000 loan which the company advanced to him. Mr Harry Truman Ndlovu obtained a loan from NTS and signed an acknowledgement of debt with the company in January this year. Despite making a payment plan to liquidate the debt in three instalments commencing 15

October 23, 2018 12:23 AM Zisco $1bn deal back on track

The Government said yesterday it has decided to put back on track the proposed $1 billion investment in the Zimbabwe Iron and Steel Company by a Chinese investor. Industry and Commerce Minister Nqobizita Mangaliso Ndlovu said he was hoping his visit to China next week would help tie up loose ends on the deal. Last month, Minister Ndlovu told a business 12

October 18, 2018 2:00 PM Afreximbank loans Zimbabwe $500 million as dollar crisis worsens

The African Export Import Bank (Afreximbank) says it is finalising a $500 million loan facility for Zimbabwe, to help secure the foreign-currency starved southern African country’s imports. Zimbabwe is experiencing a shortage of foreign currency, blamed mainly on a huge trade deficit caused by the collapse of its key agriculture and manufacturing sectors 10