THE government anticipates that sustained monetary policy and exchange rate stability will elevate investor sentiment and attract foreign direct investment (FDI) into the country. The country’s investment profile has been badly hurt by a volatile macro-economic environment characterised by exchange rate fluctuations, inflation and price distortions among other factors.  In an interview with The Financial…

THE Victoria Falls Stock Exchange (VFEX) is of strategic importance in attracting investment and boosting the country’s economic growth, Finance Minister Mthuli Ncube has said.Speaking at the listing of the Eagle Real Estate Investment Trust (REIT) on VFEX, Ncube said the US-denominated bourse continues to play a critical role in attracting hard currency investments and…

ZIMASCO chief executive, John Musekiwa, has been elected president of the Chamber of Mines of Zimbabwe. His election took place yesterday at the 86-year-old member-based organisation’s annual general meeting on the first day of its annual conference in Victoria Falls. Platinum Group Metals cluster head at Kuvimba Mining House, Munashe Shava, was elected vice president,…

ZIMBABWE’s foreign currency reserves are projected to improve, driven by ongoing economic reforms that are boosting export revenues and increased investor confidence in the ZiG currency, Afreximbank has said.However, the pan-African multilateral trade finance institution cautioned that the reserves accumulation remains fragile.According to the Reserve Bank of Zimbabwe (RBZ), foreign currency reserves backing the Zimbabwe…

ZIMBABWE’s platinum production is projected to decline by four percent to 491 000 ounces this year, from 2024’s all-time high, projections from the World Platinum Investment Council (WPIC) indicate.The WPIC said the decline is largely due to the depletion of semi-finished inventory that had supported last year’s production.It added that ongoing and widespread power disruptions…