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April 24, 2024

Business Articles

RBZ approves acquisition of Standard Chartered Bank

Tafadzwa Nyikadzino The Reserve Bank of Zimbabwe approved the acquisition of the Standard Chartered Bank by FBC Holdings yesterday in a development which saw the latter acquiring a 100 percent stake in the financial institution. The Registrar of the Central Bank...

Government appoints directors for Mutapa Investment Fund

Tafadzwa Nyikadzino Government has appointed the board of directors to manage the Mutapa Investment Fund, which will be chaired by former Telone CEO, Chipo Mutasa. In a statement released by Treasury, President Mnangagwa appointed a board of seven people comprising of...

RBZ slashes Interest rates to match changing global dynamics

Ashley Masakadza THE Reserve Bank of Zimbabwe(RBZ) has slashed interest rates from 150 percent to 130 percent per annum in response to changing local and global dynamics. The development, which was announced in yesterday’s Monetary Policy Statement is expected to...

Zim-Zambia’s 5 Billion Dollar Hydro Power Project On Hold as UNESCO denies approving it

ASHLEY MASAKADZA The much awaited $5 Billion dollar Hydropower joint project between Zimbabwe and Zambia is still on hold, after UNESCO revealed that it has not yet approved it to commence due to the environmental threats which it poses to the Batoka Gorge in Victoria...
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