RBZ

Foreign banks are demanding fully funded letters of credit (LoCs) from domestic banks meant to facilitate vital imports by customers due to a worsening foreign currency crisis in the country that threatens to wreck recovery and further ruin…
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First Merchant Bank Limited (FMB)’s Botswana unit, Capital Bank, said the acquisition of Barclays Bank Zimbabwe (BBZ) will boost trade and investment in southern Africa.
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Zimbabwe's gold earnings were up 3,4 percent in the first quarter to $275 million, after realising a 4,8-tonne output, official figures show.
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Potentially devastating load-shedding has been averted after the Reserve Bank of Zimbabwe (RBZ) and Zesa Holdings yesterday struck a payment deal to liquidate arrears to Eskom of South Africa within four months.
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The Reserve Bank of Zimbabwe (RBZ) has taken over the production of diamonds in the country in an effort to promote transparency in the sector.
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There is widespread panic among both businesses and ordinary Zimbabweans alike, after President Robert Mugabe’s ever-floundering government ill-advisedly announced last Tuesday that it was working on “a plan” to use gold reserves to anchor…
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The downward review of charges on plastic money and electronic transactions will promote usage of e-channels by lowering transaction costs, economic analysts said yesterday.
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Zimbabwe’s tobacco production has so far outpaced the previous year by most measures including volume and value sold.
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With the current acute cash crisis worsening by the day, experts have made renewed calls for the country to adopt the South African rand as Zimbabwe’s anchor currency, to stem an impending economic implosion.
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By Shame Makoshori Payments to mining industry’s foreign suppliers have improved since the tobacco marketing season kicked off in February, according to industry sources. This comes after the sector lurched into crisis due to…
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