Business News – Tarisai Masimba News

CCC Welcomes the acknowledgement for the need for political reforms in Zimababwe by former Mozambican President Joaquim Chissanu and African Development Bank President Adesina

February 23, 2023PowerLeave a Comment

The Citizens Coalition for Change (CCC) has welcomed the acknowledgement by both former Mozambican President Joaquim Chissano and African Development Bank (AfDB) President Adesina of the need for political reform and credible free and fair elections as preconditions for Zimbabwe’s transformation during a dialogue on debt held on Tuesday. In a tweet, CCC Vice President […]

Zambian Kwacha is now stronger than the Rand

July 10, 2022PowerLeave a Comment

The Zambian Kwacha gains against the US Dollar, and is now stronger than the South African Rand. 1 US Dollar equals 16.25 Zambian Kwacha and 1 South African Rand equals 0.97 Zambian Kwacha.

Gold Coins: Way Of Transferring Wealth From The Poor To Elites – Biti

July 5, 2022PowerLeave a Comment

Former Finance Minister in the Government of National Unity (GNU), Tendai Biti has said the introduction of gold coins by the Reserve Bank of Zimbabwe was a ploy to “transfer wealth” from the poor to political elites. Biti speaks when the Reserve Bank of Zimbabwe (RBZ) is set to introduce the gold coins that are […]

Chinabwe : SHORTAGES BITE AMID PRICECONTROLS

July 5, 2022PowerLeave a Comment

MANUFACTURERS and retailers have reportedly deliberately stopped supplying basic commodities such as mealie-meal, cooking oil and sugar, resulting in shortages as government’s pricing regulations begin to backfire.Last week, President Emmerson Mnangagwa used the Presidential Powers Act to ban retailers from selling goods at exchange rates above 10% of the prevailing interbank rate, with those violating […]

Bitcoin drops below $20,000 as crypto meltdown continues

June 19, 2022PowerLeave a Comment

New York (CNN Business)The price of bitcoin breached $19,000 and ethereum fell below $1,000 Saturday morning, extending the brutal crypto bear market to new lows. Bitcoin plunged nearly 10% in less than 24 hours, adding to a series of sustained losses over the last several months. It now sits below $20,000 for the first time […]

China appeals to IMF to bail out Zambia

June 17, 2022PowerLeave a Comment

Masauso Mkwayaya-China has urged the International Monetary Fund -IMF- to expedite its consideration to assist Zambia with the 1 point 4 Billion Dollar Economic Recovery Package. China’s Department of African Affairs Director General WU PENG says the financial assistance will help Zambia to invest in productive sectors. Mr. PENG says he is in the country […]