Stanbic Bank today revised downwards its monthly limits for foreign transactions to $100 effective October 31, 2017 as foreign currency shortages persist.
The number of female headed companies in Zimbabwe’s manufacturing sector has risen by 8 percent, a survey by the Confederation of Zimbabwe Industries (CZI) has shown.
The ruling ZANU-PF party wants to spend $8 million on a special congress meant to endorse President Mugabe as its leader and candidate for the elections expected in 2018.
About 38 of Zimbabwe’s state-owned enterprises and parastatals ran cumulative losses of $270 million last year alone, an official said today, indicating weak corporate governance and a deep-seated rot in public enterprises.
Capacity utilisation in Zimbabwe’s manufacturing sector declined from 47.4 percent last year to 45.1 percent in 2017, a survey by the Confederation of Zimbabwe Industries (CZI) has shown.