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THE importation and exportation of currency is governed by the Reserve Bank of Zimbabwe (RBZ) in terms of the Exchange Control Act [Chapter 22:05] as read with Exchange Control Regulations Statutory Instrument 109 of 1996.
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THE leaders of 50 of Europe’s mightiest companies, from Shell and BP to Heineken and BMW, warned on Tuesday that Britain will be weaker if its people vote to break away from the European Union.
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THE Reserve Bank of Zimbabwe (RBZ) yesterday conceded that the multi-currency system adopted in 2009 was effectively dysfunctional with the economy trading solely in the United States dollar, which has resulted in spiking cash demand, fuelling shortages.
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MOBILE telecommunications firm Econet Wireless Zimbabwe’s revenue for the year ended February 29, 2016 slid to $641 million, down14,1 percent from $746, 2 million in the prior comparable period as voice and SMS revenues continued to underperform.
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Morris Mpala, MoB Capital Ltd MoB Capital has observed how birds rear their offspring. In a small nest in a mopani tree and safe from prey it builds its nest.
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Victoria Falls Reporter THE Southern African Development Community (Sadc) Beira and North-South corridors’ investment meeting began here yesterday with participants expected to strategise on management of regional transport institutions.
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CAPE Town – Government said it is determined to tighten its tobacco laws that will see plain packaging on cigarette products as part of a global drive to lower the incentive for people to smoke.
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Oliver Kazunga, Senior Business Reporter ZIMBABWE needs about $5 billion over the next five to 10 years for its national road development and rehabilitation programme, Transport and Infrastructural Development Minister Joram Gumbo has said.
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Oliver Kazunga, Senior Business Reporter THE price of locally manufactured cooking oil has increased marginally in what producers have attributed to the recent increase in the price of crude cooking oil on the international market.
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Midlands Correspondent KAGUVI Vocational Training Centre in Gweru has announced a partnership deal with the local community involving collection of raw hides for the purposes of making leather products.
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NESTLE SA agreed to pay DBV Technologies SA, a French developer of therapeutic skin patches, as much as 100 million euros ($110 million) for the right to sell an experimental test to detect milk allergy, the most common food allergy in children.
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Harare Bureau THE Joint Venture Act, expected to promote major investment across economic sectors, came into force last week after the gazetting of a Statutory Instrument to operationalise it.
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Bianca Mlilo Business Reporter— EXPERTS yesterday expressed reservations on the Bulawayo Power Station upgrade project saying the proposed model would contribute to greater environmental degradation through high carbon emissions and damage to road infrastructure. The project seeks to refurbish the plant to increase its power
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TOURISM and Hospitality Industry Minister Walter Mzembi yesterday said he is now seeking the endorsement of the African Union (AU) in his bid to become the next United Nations World Tourism Organisation (UNWTO) secretary general. Minister Mzembi, who announced his candidature for the post
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