Search / Africa export-import bank
Zimbabwe central bank owes over $4bn for food, fuel supply
Zimbabwe's central bank has racked up debts of more than $4 billion to banks and companies, including commodities giant Trafigura Group and national flag carrier South African Airways.The Rese...Published: 22 Jul 2023 at 08:07hrs | 7 | by Staff reporter
Zimbabwe breaks law for US$50m Covid-19 vaccines loan
Zimbabwe has contracted yet another US$50 million loan from the Africa Export-Import Bank (Afreximbank) to finance its Covid-19 vaccination programme despite government claims it is using internal res...Published: 18 Apr 2021 at 09:15hrs | 1 | by Staff reporter
30 heads of State console Mnangagwa
More than 30 Heads of State and Government from across the world have sent messages of sympathy to President Mnangagwa following the Cyclone Idai disaster, a development seen as a sign that Zimbabwe's...Published: 04 Apr 2019 at 06:50hrs | 2 | by Staff reporter
Mnangagwa to lead in corruption fight
President Mnangagwa will lead the fight against corruption after he reserved to his office several laws meant to curb graft. The President also set out functions for Cabinet ministers in several Statu...Published: 27 Oct 2018 at 08:36hrs | 3 | by Staff reporter
Govt de-dollarises economy, bond notes bounce back
GOVERNMENT has technically de-dollarised the economy by reintroducing local currency bank accounts, which will be traded in electronic transfers and bond notes only, and piled more taxes on the transa...Published: 02 Oct 2018 at 09:28hrs | 2 | by Staff Reporter
Zimbabwe's $1,5bn package: The details
THE US$1,5 billion package from the Africa Export-Import Bank (Afreximbank), which was availed in December last year, will be used to stimulate the economy by providing investment guarantee, supportin...Published: 04 Feb 2018 at 09:08hrs | | by Staff reporter
Bond notes running out
Long-suffering Zimbabweans are now being forced to accept huge sackfuls of coins from their banks and mobile money agents as bond notes vanish from the local market on the back of currency dealers who...Published: 20 Jun 2017 at 13:00hrs | | by Staff reporter
Zimbabwean employers mull salary cuts over cash queues
EMPLOYERS are considering docking salaries for workers who squander productive time on cash queues but labour unions say they are prepared to fight such an "injustice" to the hilt. Cash shor...Published: 30 Oct 2016 at 10:35hrs | | by Staff reporter
Exposing the veil of ignorance behind Bond Notes
The government has in the past weeks announced its plans to introduce bond notes to ease cash shortages and to prevent externalization. The bonds will be underwritten by a US$200 million loan from Cai...Published: 10 Aug 2016 at 08:59hrs | 4 | by Blessing Machiva
Banks cash in on crisis
DEPOSITORS continue to struggle to withdraw their money as the cash crisis escalates forcing banks to cap daily withdrawal limits to a maximum of $100. With payment of salaries for most worker...Published: 31 May 2016 at 06:40hrs | 1 | by Oliver Kazunga
Bond notes to start in August
Bond notes will start circulating around August 2016 - and not June as previously projected - as their production takes at least four months, central bank Governor Dr John Mangudya has said.Go...Published: 29 May 2016 at 09:18hrs | 1 | by Langton Nyakwenda and Enacy Mapakame
Govt to tighten screws on 'goods-in-transit'
Zimbabwe will soon introduce vehicle tracking devices at major border points to monitor movement of some trucks who falsely declare that they have goods in transit, yet they would be destined for the ...Published: 16 May 2016 at 06:47hrs | | by Cletus Mushanawani
Police gunsights on cash smugglers
Prominent figures in various fields, including industry and commerce, have been identified as cash externalisation kingpins and could be arrested in coming days.Police have also activated ...Published: 15 May 2016 at 07:38hrs | 2 | by Staff reporter
RBZ explains bond notes
I sympathise with the people of Zimbabwe who have taken our policy pronouncements to address the US dollar cash shortages to anticipate that we are going to have a repeat of the economic tragedy of 20...Published: 08 May 2016 at 10:40hrs | | by Dr John Mangudya
Cash mongers face arrest
THE Reserve Bank of Zimbabwe is investigating several top companies for allegedly externalising millions of United States dollars, contributing to present cash shortages.Sunday News reported t...Published: 08 May 2016 at 09:48hrs | | by Staff Reporter
Zimbabwe to print own version of US dollar
Zimbabwe is set to print its own version of the US dollar in order to ease a cash shortage in the country.Central bank governor John Mangudya said the cash, known as bond notes, will be backed...Published: 06 May 2016 at 09:55hrs | | by BBC
Millions imported to ease cash crunch
Zimbabwe will soon get US$200 million from Africa Export-Import Bank to ease cash shortages that beset some towns and cities over the weeks.Sunda Mail reported that the money will be released ...Published: 17 Apr 2016 at 10:57hrs | | by Livingstone Marufu
Zimbabwe import millions of dollars to ease cash crunch
Zimbabwe will soon get US$200 million from Africa Export-Import Bank to ease cash shortages that beset some towns and cities over the weeks.The money will be released from Afreximbank's nostro...Published: 17 Apr 2016 at 09:58hrs | | by Livingstone Marufu
Masiyiwa flying Zimbabwean flag high
Although Zimbabwe is in the economic doldrums, a few distinguished and enterprising citizens continue to make waves on the continent in the world of business, and management.These feted Zimbab...Published: 08 Feb 2015 at 15:35hrs | 1 | by Staff reporter
Load More Stories
