The Reserve Bank of Zimbabwe (RBZ) today announced a major reduction in registration fees for setting up bureaux de change in the country, a move it says would eliminate illegal money changers.
As Zimbabwe prepares for yet another elections which 94-yer-old President Robert Mugabe will contest, if his health permits, Zimbabwe should be looking at how the man who has ruled the country for 37 years has survived.
Mobile based banking in April reached $792.5 million, an all time high as cash strapped Zimbabweans shift to digital platforms, recent report has shown.
Plastics manufacturer Proplastics says it has received board approval to construct a new $5 million factory with work expected to commence in the third quarter upon getting regulatory approvals.
Former Reserve Bank of Zimbabwe governor Gideon Gono who became famous for his “failure is not an option” but saw the country slide to its highest hyperinflation ever, is back this time promising that Zimbabwe will attract foreign investments worth $10 billion in the next two years.
News about President Robert Mugabe’s trip to Singapore for a “routine medical check-up” has sparked the succession debate again especially in the Western media.