Harare (New Ziana) – Zimbabwe has received US$961 million from the International Monetary Fund (IMF), its share of the fund’s US$650 billion Special Drawing Rights (SDR) disbursement meant to cushion member states against the effects of COVID-19. SDRs are an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official […]
Harare (New Ziana) – Mobile phone company, Econet has said its data and voice traffic grew 77 percent and 25 percent respectively during the quarter ending May in tandem with the increasing demand for digital services in the COVID-19 era. The company said this was despite challenges, including inadequate access to foreign currency required for […]
Harare (New Ziana)- Zimbabwe on Wednesday approved four multi-billion dollar investment projects, including a new US$1.3 billion fuel pipeline from the Mozambican port of Beira to Harare. Addressing a post-cabinet press conference on Wednesday, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa said the approved projects would have a huge positive impact on the economy. […]
Harare (New Ziana) – Zimbabwe’s exports in the first half of the year grew by 20 percent to US$2.31 billion on the back of growth in agriculture, mining and tourism receipts, as green shoots of recovery in the COVID-19 era begin to sprout. Reserve Bank of Zimbabwe governor Dr John Mangudya said mineral exports during […]