The cash shortages in Zimbabwe have seen electronic transactions skyrocket from $6.8774 billion in2009 when the country dollarised to $80.0026 billion this year, Finance Minister Patrick Chinamasa told Parliament yesterday.
Lafarge Cement recorded a 12.6 percent decline in revenue to $23.1 million in the six months to June from $26.5 in the prior year weighed down by a decline in sales.
Zimbabwean pastor Evan Mawarire who organised a national shutdown last year through his social media platform #ThisFlag was yesterday likened to the Nigeria Islamic group Boko Haram which is causing havoc in northern Nigeria.
Zimbabwe today gazetted a new law criminalising unlicensed currency trading in an attempt stem out a thriving parallel market for bank notes in the country.
Zimbabwe has missed a June deadline to switch from high sulphur diesel to cleaner fuel and will now give fuel dealers a grace period to March 2018 to clear old stocks, Energy minister Samuel Undenge has said.
Reserve Bank of Zimbabwe deputy governor Kupukile Mlambo has proposed that the country introduces more bond coins than notes into the local market to curb high circulation of bond notes in the informal market.