If we had to name a country that has the most fluctuating bitcoin journey then it’s none other than Zimbabwe. Being a landlocked country in Southern Africa, it has faced severe financial crises among the people. From the currency devaluation to managing high-inflation, the country has experienced the worst conditions in every aspect of development. […]

The pandemic has shaken the roots of several industries, and one thing common for people across the globe has been financial instability. Be it people with crazy amounts of savings or the spendthrifts, we’ve all suffered setbacks. A lot of good in the terms of financial wisdom has also come around for the same reason. […]

After facing the major collapse of banks on cryptocurrency in Nigeria and Kenya, Crypto users in Africa face another stressing news of the crypto ban in Zimbabwe. The country was progressing at a rapid speed by rich cryptocurrency trading and making excellent profits. But, the government of Africa had different plans for the country. On […]

Every day it is easier and faster to be able to buy bitcoins. However, it is not so easy to find reliable services. Therefore, it is most recommended to carry out these operations only on officially regulated platforms. However, before acquiring any cryptocurrency it is important that you know its value in the market. This […]

A virtual currency (or cryptocurrency) is a currency that circulates on the web. It has the same value as a conventional currency and can be linked either to a bank account or to a bank card linked itself to a virtual bank account. With cryptocurrency, users can buy online and in physical stores. But what […]

Cryptocurrencies have become a part and parcel of global finance markets as they become more and more popular in making payments across the world. They are well known for their volatility as they change prices rapidly and they have gained a lot of value in the online trading platforms. Clients can now deal with cryptocurrency […]

On July 18, 2019, the finance ministers from the Group of Seven (G7) countries – the United States, the United Kingdom, Canada, Canada, Germany, Italy, and Japan, or the world’s most advanced economies representing 58% of the global net wealth – have had their latest meeting in the French town of Chantilly. The issues they […]

The Monthly Financial Sector Bulletin (MFSB) publishes “The Microfinance Interview”, a monthly question-and-answer feature through which it engages with key stakeholders of the microfinance sector such as microfinance institutions (MFIs), funders, service providers, development partners and regulators among others, on issues of topical and mutual interest.

SOUTHERN Africa anticipates to commission new power projects that will add 30 000MW to the region between 2017 and 2022, as countries move to meet overwhelming demand, Energy and Power Development minister, Samuel Undenge said yesterday.

The Zimbabwe Revenue Authority (Zimra) says it will aggressively seek out arrears from free riders following a 4% increase in gross revenue collections to $264,79 million in January.

South African Airways (SAA) became the first airline to fly a wide-bodied plane to Victoria Falls, declaring it would bring a bigger aircraft if demand increases.

THE government has begun paying off the balance to acquire a 60% shareholding in Telecel Zimbabwe and the transaction should be complete by next week.
Sources yesterday revealed that the government had sent $30 million to VimpelCom.

A PRIVATE energy firm, SolGas (Private) Limited, has approached the Zimbabwe Energy Regulatory Authority (Zera) seeking a licence to set up a 5 megawatt (MW) solar photovoltaic power plant in Matabeleland North province as part of efforts to ease the country’s power shortages.

THE Confederation of Zimbabwe Industries (CZI) president Busisa Moyo will on Saturday address Bulawayo residents and businesspeople on the status of the city’s industry.

Metallon Corp, the biggest gold producer in Zimbabwe, reported a 7 percent drop in gold production year-on-year, during its third quarter due to equipment breakdowns and increased power disruptions.

Zimbabwe freed its economy from the nightmare of hyperinflation by dumping its currency and adopting mainly the U.S. dollar. Six years on the economy is back in crisis.

Mines minister Walter Chidhakwa has said Murowa Diamonds should maintain standards set by former largest shareholder, Rio Tinto and not allow a situation where the company collapsed because it has been taken over by locals.

Zimbabwe could re-impose a 15 percent tax on raw platinum ore exports if mining companies do not deliver on pledges to build smelters and refineries to help boost the local economy, the finance minister said on Thursday.

Zimbabwean fast food group Innscor Africa will separately list its restaurants unit on Nov. 6, allowing it to pursue mergers and acquisitions of companies operating similar businesses, the company said on Monday.

Zimbabwe will clear arrears of $1.86 billion to international creditors such as the International Monetary Fund by the end of next April, the finance minister said on Friday, a major step towards unlocking new funding.

The declining capacity utilisation in Zimbabwe’s industry shocked a visiting team led by the Office of the President and Cabinet after it emerged that Lobels Biscuits and Sweets is running its Bulawayo factory on antiquated ovens commissioned in 1957.

Zimbabwe plans to impose a 10 percent tax on foreign-owned firms to fund a black economic empowerment programme that is designed to bring the companies under local majority control, a minister was quoted as saying on Monday.

Bulawayo-based conveyor belt manufacturer General Beltings (GB) Holdings is struggling to pay its employees as it claws back from the brink of collapse.

Gold producers in Zimbabwe asked the government to lower royalties and electricity tariffs to reduce the risk of mine closures, the biggest industry lobby group said.

Zimbabwe’s Hwange Colliery Company said on Wednesday its first-half coal and coke sales fell 10 percent after a slide in production, widening its loss, but aimed to sell more in regional markets during the remainder of the year.

A BREAKFAST business forum has been set for Bulawayo tomorrow at a hotel to discuss and deliberate on issues affecting Bulawayo industry and come up with possible solutions.