THE Reserve Bank of Zimbabwe (RBZ) this week began taking applications for its financial technology (fintech) regulatory sandbox, which it says was established to “promote safe and responsible innovation” in the financial services sector. In a document published this week, the apex bank said it had noted a growing number of fintech start-ups which “require…
Porsche and parent company the Volkswagen Group are considering entering Formula 1. Any move depends on the direction of the sport’s next engine regulations, which are due to be introduced in 2025. Porsche Motorsport vice-president Fritz Enzinger told BBC Sport: “It would be of great interest if aspects of sustainability – for instance, the implementation…
THE Reserve Bank of Zimbabwe (RBZ) should keep a tight lid on broad money supply growth, to avoid fuelling high inflation and exchange rate volatility, FBC Securities has said. In its report titled 2021 Outlook and investment primer, FBC Securities said the pace at which money supply grows should be well linked to the economic…
THE agriculture sector largely influences the economic, social and political lives of the majority of people in Zimbabwe. It is also the source of sustenance for most rural Zimbabweans. At commercial level, the sector produces export crops such as tobacco, cotton and horticulture products which bring in foreign currency and improves the balance of payment.…
GOVERNMENT is eyeing a new bailout package for its distressed business sector after reports that the initial package was exhausted by the agriculture sector. Treasury secretary, George Guvamatanga, said in a recent webinar to unpack the Monetary Policy, organised by the Daily News, that the government had taken a deliberate decision to prioritise agriculture and…
ANALYSTS have predicted more activity in the economy following the vaccines’ roll-out programme which began in the country last month. Zimbabwe began the first phase of its Covid-19 vaccination programme in February after receiving 400 000 doses from China. The country has targeted 60 percent of the population under the vaccination programme, which comes following…
ECONOMISTS and financial experts have cautioned the Reserve Bank of Zimbabwe (RBZ) over its recent decision to hike the main lending rate which they say frustrates access to loans and funding for businesses. However, the RBZ does not expect to see a rise in inflation and says its decision was informed by the need to…
THE government plans to mobilise an additional 93 combine harvesters and to import US$17 million worth of grain dryers in response to the harvesting demands of the current farming season. Information minister, Monica Mutsvangwa told a post cabinet press briefing this week that while the country was awaiting the results of the first round of…
ZIMBABWE National Chamber of Commerce (ZNCC) vice-president and businessman Mike Kamungeremu has been named in a 14-member Zimbabwe School Examinations Council (Zimsec) board. Kamungeremu is the managing director of Tendo Electronics and Power Engineering and current board chairman of Ramola Security Pvt Ltd. The youthful businessman is the past ZNCC Harare Branch chairperson and ZNCC…
CONTROVERSIAL investor Eurasian Resources Group (ERG) has lost its platinum mining claims in Zimbabwe, after failing to develop them for the past 11 years, The Financial Gazette can reveal.
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