The Government will soon float an infrastructure bond to raise funds for water, sewer, roads and other equipment for the City of Harare, a Cabinet minister said yesterday. The Harare City Council is s...
CEMENT producer PPC Zimbabwe has, in the last five years, spent over US$140 million in plant refurbishments and it aims to invest some of its dividends in government bonds to increase local procuremen...
Government will float an infrastructure bond and turn to private-public partnership (PPPs) to raise funding amid revelation that at least US$14bn is required to rehabilitate Zimbabwe's infrastructure....
Fitch Solutions, the macro-economic arm of global rating agency says Zimbabwe's currency regime is highly unsustainable and will continue to fuel inflationary pressures going forward.In 2009, the sout...
GOVERNMENT'S promise to avail foreign currency to the country's largest beverages manufacturer, Delta Corporation, to avoid forex pricing is not sustainable, analysts have said.Delta last Wednesday an...
The bond note is increasingly suffering rejection from the corporate sector after Delta Corporation Limited went public on Wednesday saying it will be selling its products in hard currency.Delta said ...
Government is crafting a law that compels business people who receive foreign currency allocation from Treasury to charge their products in local currency, President Mnangagwa said yesterday. Further,...
WHEN Reserve Bank of Zimbabwe governor John Mangudya announced in 2016 plans to issue bond notes, a currency he claimed had the same value as the US dollar, many were apprehensive.It was backed by a U...
Finance minister Mthuli Ncube on Friday said the $8,2 billion budget for 2019 will address the currency crisis bedevilling Zimbabwe in the next few months, saying the shortage of the United States dol...
ZIMBABWE'S surrogate bond note currency will continue to circulate as Treasury says it will maintain the 1:1 parity between local money and the greenback. This is despite the disparity in exchange rat...
PRESIDENT Emmerson Mnangagwa's new administration should consider scrapping bond notes, as a way of restoring confidence in the economy, industrialists have said.Zimbabwe introduced the surrogate curr...
BOND notes continue to vanish from the formal market, with latest statistics indicating that only seven percent of the unique currency's issued value was in circulation at the close of 2017.According ...
INDUSTRIALIST and United Refineries chief executive officer Mr Busisa Moyo has defended the bond note, saying the surrogate currency has never been a problem for business.Writing on his Twitter page r...
Data released by the central bank shows that only 4 percent of bond notes and coins are in effective circulation, Equity Axis News reported. Effective circulation refers the portion of issued bonds th...
RESERVE Bank of Zimbabwe governor John Mangudya says the country's surrogate currency, the bond note, will be around for the foreseeable future.Zimbabwe introduced bond notes in 2016 to ease an acute ...
THE High Court has dismissed a bid by little-known opposition Zanu party to force the Zimbabwe Electoral Commission (Zec) to print this year's ballot material on ordinary bond paper.High Court judge J...
MDC Alliance presidential candidate Nelson Chamisa has promised to ditch the bond notes as the country’s currency."Once we assume office in August just give me two weeks to deal with cash challenges...
The Reserve Bank of Zimbabwe (RBZ) says it has raised over $1 billion through the issuance of savings bonds to mop up excess liquidity from the market and fund Government expenditure. Last September, ...
THE bond note poses an international public relations problem for Zimbabwe close to two years after its introduction, clouding the country's efforts to entice international investors, a financial anal...
ZIMTRADE says it has been approached by exporters requesting the export promotion agency to engage relevant authorities to establish bonded warehouses in the country to enhance access to raw materials...
LITTLE-KNOWN opposition Zanu leader Chawaona Wilbroad Kanoti has dragged the Zimbabwe Electoral Commission (Zec) to court seeking an order compelling the electoral management body to print ballot pape...
Reserve Bank of Zimbabwe (RBZ) deputy governor, Dr Jesimeni Chipika has said the central bank can no longer account for the bond notes and coins that are in circulation due to massive hoarding of the...
GOVERNMENT has been advised to either demonetise bond notes or allow the fiat currency to float as a means of addressing financial market distortions in the country, a study paper by the Zimbabwe Econ...
TWO companies are considering listing their tradable bonds on the Financial Exchange Securities (FINSEC) to raise capital before year-end, it has emerged.FINSEC is the second securities exchange in Zi...
Zimbabwe Stock Exchange (ZSE) listed integrated nickel miner, Bindura Nickel Corporation (BNC), has successfully repaid $5 million (25 percent) of the $20 million the company mobilised through a bond ...