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.
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.