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Reserve Bank of Zimbabwe bails out 3 banks

THE Reserve Bank of Zimbabwe (RBZ) has used its lender of last resort (LoLR) facility to bail out three distressed banks which had run out of liquidity following the steep depreciation of the local currency rate in June this year.LoLR is a…

Published: 16 Aug 2023 at 06:49hrs | 20 | by Staff reporter

RBZ sweet-talks millers

The Reserve Bank of Zimbabwe Governor John Mangudya has sweet-talked millers to reduce prices of maize meal, flour and salt ahead of elections.After successfully meeting with a high-level delegation of millers headed by Grain Millers Assoc…

Published: 24 Jul 2023 at 20:32hrs | 8 | by Simbarashe Sithole

Mangudya's auction has made doubting Thomases believeâ€¦

On 23 June, 2020, Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, introduced a market-based foreign exchange (forex) auction system for the country. Indeed, the auction came as refreshingly welcome news for most stakeholders, es…

Published: 28 Aug 2020 at 19:04hrs | 7 | by Jameson Dapi

Zimbabwe has totally collapsed

Zimbabweans do not need Judas Iscariot to tell them that the economy of Zimbabwe is no more. There is no Zimbabwe and economy to talk about. The procurement of the new anti-riot gear by ZANU PF government, the presence of army on streets/t…

Published: 19 Jun 2019 at 12:43hrs | 7 | by Don Chigumba

'No more forex for education fees' said RBZ - what a savage blow, delivered with heartless indifference

"Foreign currency from the inter-bank market shall be utilised for current bonafide foreign payment invoices except for education fees," said Reserve Bank Governor, Dr John Mangudya.There are hundreds of thousands of Zimbabwean students ou…

Published: 26 Feb 2019 at 13:25hrs | 10 | by Wilbert Mukori

What is going on?

Are we being governed by a mafia? We are kept in the dark as Zanu pf and its  leadership do what ever they want and whenever with our resources since they are answerable to no one. They don't listen to reason. Now they have organized …

Published: 26 Feb 2019 at 13:23hrs | 9 | by Clement Moyo

President ED Mnangagwa to resign soon signals now with us

Two month ago I wrote a piece warning president ED Mnangagwa that he may not last for six months if an inclusive government is not formed. The country is no longer having economic energy to progress. What we are now witnessing are the last…

Published: 24 Dec 2018 at 15:58hrs | 6 | by Don Chigumba

Industrial action against Mthuli Ncube looming

Air Zimbabwe has been allowed by the cabinet of President ED Mnangagwa to charge its clients (especially diasporas) in foreign currency. The confused minister in charge of Air Zimbabwe Joel Biggie Matiza claimed that the airline has been l…

Published: 13 Nov 2018 at 11:50hrs | 3474 | by Don Chigumba

Renewing Mangudya's term an insult

George Charamba's revelation that John Mangudya's term is about to be renewed is nauseating, cynical, contemptuous, disrespectful and an insult to the suffering masses of Zimbabwe.Charamba is praising a man whose ideas and conduct are at t…

Published: 01 Nov 2018 at 12:18hrs | 6 | by Jacob Mafume, MDC National Spokesperson

Mastercard reinforces commitment to drive Digital Transformation Agenda in Zimbabwe

Harare, Zimbabwe, 22 October 2018 - Mastercard President and CEO, Ajay Banga, this week visited Zimbabwe to show Mastercard's strong support for the country's drive to create a new wave of digital payments and inclusive growth. He outlined…

Published: 22 Oct 2018 at 11:51hrs | 5 | by Agencies

RBZ Governor Clears the air on Zim-dollar come back

Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, cleared the air on the possible Zim-dollar come back while presenting the 2016 Mid-Term Monetary Policy Statement. He reiterated that the Zim-dollar is not coming back in the form …

Published: 19 Sep 2016 at 14:34hrs | | by Sparkleford Masiyambiri

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