Zimbabwe has signed an agreement with Hong Kong-based R&F for the Chinese property firm to invest $1 billion to revive fallen steelmaker, ZISCOsteel, Industry Minister MIke Bimha said today.
Zimbabwe’s foreign exchange situation is getting worse in spite of extensive touting of a ‘nostro-stabilisation’ loan the Reserve Bank of Zimbabwe says it got from Afreximbank.
Buhera South Member of Parliament Joseph Chinotimba has asked why fuel in Zimbabwe is so expensive while that in Zambia is much cheaper yet it is transported through Zimbabwe?
Zimbabwe’s gross revenue collections in the quarter ended September amounted to $1.03 billion surpassing the target of $863 million by 19 percent, the tax agency said today.
The Zimbabwe Stock Exchange’s mainstream index closed in the red for the first time in 18 days yesterday, shedding 0.21 percent to 515.95 points.