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.
Finance Minister Patrick Chinamasa says government will tighten control over use of social media, which authorities blame for fuelling shortages of basic commodities and bank notes in the country.
The Zimbabwe Stock Exchange mainstream index today advanced 3.68 percent to 404.37 points with gains across the board as appetite for stocks remained high.
Zambezi Gas has secured a full mining licence for 25 years and plans to increase coal production from the current 60 000 tonnes per month to 150 000 tonnes.
Zimbabwe’s trade deficit narrowed by 27 percent to $1.3 billion in the first eight months of the year, after exports increased by 48 percent, latest trade data from the statistics agency shows.
Egypt-based Afreximbank is lead arranger for a $1.8 billion loan to help Zimbabwe clear arrears at the World Bank and African Development Bank, the state-owned Herald newspaper said yesteerday, citing the country’s finance minister.