Browsing Tag

Afreximbank

Bond notes now at $102m

By Happiness Zengeni The Reserve Bank of Zimbabwe has said bond notes in circulation have increased to $102 million as the central bank continues to pay out the Afreximbank-backed $200 million export incentive. In an interview with The…

Bond notes fuel black market

By Farai Mabeza Zimbabwe's  bond notes joined other currencies on the black market as importers failed to redeem the so-called surrogate currency for United States dollars to facilitate the importation of critical raw materials and…

Econet asked to defer EGM

By Happiness Zengeni Econet Wireless Zimbabwe has been asked to defer its extra-ordinary general meeting set for tomorrow until it has addressed technical issues relating to its proposed rights issue. Econet intends to raise $130 million…

Econet shares tumble 10 percent

Econet Wireless Zimbabwe shares tumbled 10 percent to 27 cents on Thursday amid panic selling by small shareholders, over concerns surrounding the telecoms company's planned rights issue to raise more capital. The country's biggest mobile…

Bond notes split nation

By Shame Makoshori and Alois Vinga Days before the introduction of bond notes, deep-rooted uncertainty has gripped the nation as the Reserve Bank of Zimbabwe (RBZ) takes a trajectory that might make or break the nation depending on whether…