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Zim pays IMF paltry $150k

HARARE – Broke Zimbabwe government is making paltry ‘token’ payments of $150 000 monthly to the International Monetary Fund (IMF) to clear…

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Nedbank’s Zim unit indigenised

HARARE – Nedbank Group Limited (Nedbank)’s Zimbabwean unit MBCA Bank (MBCA) has been indigenised in line with the country’s empowerment policy. The…

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PPC to ramp up production

HARARE – Cement manufacturer PPC Zimbabwe (PPC)  — a subsidiary of South Africa-based PPC International — plans to more than double production…

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Tobacco merchants secure $824m

HARARE – Tobacco merchants have mobilised $824 million from offshore sources, in compliance with the central bank Tobacco Finance Order (TFO), Reserve…

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