Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 1000 for query «trade»

January 12, 2019 4:46 PM Ex-minister pushes for Zimdollar

Former deputy Finance minister Terence Mukupe, said without reintroducing local currency and having a serious reengagement with the United States of America (USA) the country will continue to suffer. Posting on his Twitter account, Mukupe said the authorities must make bold decisions to take the country out of this crisis. “With the twin deficit we have…. Our situation 68

January 4, 2019 12:11 PM Delta reverses forex decision

Zimbabwe’s largest brewing company Delta Beverages, part owned by Anheuser-Busch Inbev, said it has abandoned a plan to only accept hard currency payments to cope with a crippling shortage of U.S. dollars, after the government intervened. Delta Beverages announced on Wednesday that it would only take payments in U.S. currency and would no longer accept 23

December 19, 2018 11:20 AM Cassava makes history. . . enters Zim market at US$3,8 billion

Cassava SmarTech Zimbabwe made history yesterday when it debuted in the market at a price of $1,50 per share, valuing the company at $3,8 billion. It immediately became Zimbabwe’s third most valuable company after Delta and Econet Wireless. By any measure this is easily the largest public listing in Zimbabwe’s history and the first listing in three years 17

November 19, 2018 4:12 PM Scrap forced parity of US dollar-bond notes: ZNCC

The Zimbabwe national Chamber of Commerce (ZNCC) has asked Finance minister Mthuli Ncube to stop in the National Budget the use of bond notes and RTGS electronic balances, officially at par with the US dollar. In the parallel market, bond notes are trading at a discount vis-à-vis the US dollar, and electronic balances are also exchanging at a discount 26

November 18, 2018 4:41 PM One year after coup – dreams, aspirations of masses crushed in Zimbabwe

The coup d’état that ousted long-ruling despot Robert Mugabe last November, was a watershed moment in both the history of Zimbabwe and southern Africa. The post-coup leader Emmerson Mnangagwa was held out by many as the best hope to spearhead an economic recovery predicated on re-engagement with international creditors and a package of reform that would 32

November 1, 2018 10:17 AM Standard Bank scoops 13 awards

Standard Bank Group, Africa’s leading bank by assets and parent company to Stanbic Bank Zimbabwe, has been recognised for its work across Africa, scooping 13 awards from Global Finance at this year’s annual SIBOS conference, hosted in Sydney. “We are delighted to receive these awards from such a prestigious publication. They provide further confirmation 40

October 26, 2018 6:11 PM Khupe mocks Chamisa – Nehanda Radio

The war of words between rival MDC leaders — Thokozani Khupe and Nelson Chamisa — is intensifying. Yesterday, Khupe’s party tore into the MDC’s 19th anniversary celebrations planned for tomorrow, describing the commemorations as a façade. Khupe’s spokesperson, Khaliphani Phugeni, said Chamisa and those he leads have deviated from the values and principles 33

October 23, 2018 6:56 PM Tocky defends album ‘Chamakuvangu’

Singer Tocky Vibes says having 22 tracks on his latest album Chamakuvangu is a sign that he has a lot to sing about. He says this was not a sign of panic as the project caters for a wide audience. The 22-track album was launched on Saturday in Chinhoyi with several people in attendance and the chanter is optimistic he will win the hearts of music lovers 26

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 21

September 16, 2018 5:16 PM Alvarez downs Golovkin with majority decision win

Mexico’s Saul “Canelo” Alvarez ended Gennady Golovkin’s unbeaten reign as unified middleweight champion here Saturday, battling to victory by majority decision in a pulsating rematch. Alvarez showed skill and durability to outlast Golovkin in another attritional contest between the two evenly-matched rivals at the T-Mobile Arena, one year after they had fought 29