Mishma Chakanyuka and Prisca TshumaStaff Writers ANALYSTS say the Reserve Bank of Zimbabwe (RBZ) missed an opportunity to address key economic challenges through its mid-term monetary policy statement last week.The statement, which left most existing measures unchanged, has been met with a chorus of disapproval, with experts warning that the current economic hardships will persist.Economic…
THE Reserve Bank of Zimbabwe (RBZ) says it increased its interventions in the willing-buyer-willing-seller foreign exchange market during the first half of 2025, deploying US$448,9 million to meet demand for hard currency.In its 2025 Mid-Term Policy statement, the central bank said this marks a notable increase from the US$407,4 million sold in 2024, signalling its…
THE government is set to reduce the Intermediated Money Transfer Tax (IMTT) in the upcoming 2026 national budget in November, as part of its reforms to ease doing business, Finance Minister Mthuli Ncube has said.Currently, the IMTT is calculated at a rate of two percent on US dollar, ZiG and gold-backed digital token transactions. The…
THE Ministry of Finance says the formulation of the Consumer Protection Policy is now at an advanced stage.The policy is aimed at promoting consumer rights and fostering consumer welfare, a critical element in the production, distribution and consumption of quality goods and services.“This is expected to go a long way in improving the country’s image…
NICOZDIAMOND Insurance (NicozDiamond) more than doubled its profit for the year ended December 31, 2024 thanks to sizeable organic growth across all business units.The insurance group- wholly owned by First Mutual Holdings- offers short term insurance solutions in Zimbabwe and Mozambique and a growing property portfolio. Insurers with underwriting strengths are thriving as businesses and…
TREASURY says the development of regulatory frameworks for banking, insurance and the capital market segments at the Victoria Falls International Financial Centre is underway.The government established the Victoria Falls International Financial Centre through Statutory Instrument 29 of 2025 to position Victoria Falls as a premier financial hub globally and in the Southern African region.“It is…
Footballer Cristiano Ronaldo has got engaged to his long-term partner Georgina Rodríguez. She announced the news on social media alongside a picture of a large ring, writing “Yes I do.…
Apple has rejected accusations from Elon Musk that its App Store stifles competiton, insisting it is “designed to be free and fair of bias.” X owner Musk has threatened Apple…
Rolls-Royce’s plan to power artificial intelligence (AI) with its nuclear reactors could make it the UK’s most valuable company, its boss has said. The engineering firm has signed deals to provide small modular reactors (SMRs) to the UK and Czech governments. AI has boomed in popularity since 2022, but the technology uses lots of energy,…
Bullish raised $1.1 billion in an initial public offering, pricing its shares above the marketed range. The digital-asset exchange operator and owner of media outlet CoinDesk sold 30 million shares…
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