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Zimbabwe: Giant Gold Producer Shuts Mines Over Forex Shortages
New Zimbabwe, 1 November 2018
The JOBS of more than 2,000 RioZim employees were left hanging in the balance Wednesday after gold producer suspended operations at three of its mines. Read more »
Major Blow for Zimbabwe as Giant Gold Producer Stops Operations
The country's third biggest gold producer RioZim has closed three of its mines as the acute shortage of foreign currency continues to bite the mining sector. Earlier, the firm threatened legal action against the Reserve Bank of Zimbabwe, accusing the Central Bank of not releasing the foreign currency the company earns from gold deliveries.
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Zimbabwe: Forex Shortage Hits Three Gold Mines
The Herald, 1 November 2018
Diversified Zimbabwe Stock Exchange (ZSE) listed miner, RioZim Limited, has suspended production at three of its gold mines citing shortage of foreign currency needed to import… Read more »
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Zimbabwe: Mining Firm Plans Legal Action Against Central Bank
The Herald, 10 October 2018
Diversified resources group RioZim Limited, is planning legal action against the Reserve Bank of Zimbabwe (RBZ) over failure to meet its obligation to avail foreign currency saying… Read more »
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Zimbabwe: Four Power Firms Approach Regulatory Authority For Licences
The Herald, 18 September 2018
Four Independent Power Producers (IPP) have approached the Zimbabwe Energy Regulatory Authority seeking independent licenses to venture into electricity generation. Read more »
InFocus
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Having moved to charm the world with reform pledges after taking over power, President Emmerson Mnangagwa's momentum was rocked by a disputed election victory and post-election ... Read more »
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Zimbabwe's President Emmerson Mnangagwa met with bankers and business leaders at State House in Harare, and said the government was working round the clock to stabilise the ... Read more »
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About 170 illegal foreign currency dealers have been arrested countrywide as Zimbabwean police intensify a campaign against currency trading which has caused volatility in the ... Read more »
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The Zimbabwean government has indefinitely amended a 2017 ruling to allow companies and individuals with offshore and free funds to import specified basic commodities. Finance and ... Read more »
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The United States administration's top diplomat for African affairs, Assistant Secretary of State Tibor Nagy, will soon make his first trip to the continent since his appointment. ... Read more »
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The Zimbabwean government has backtracked on the controversial appointment of finance ministry spokesperson Acie Lumumba, whose social media corruption allegations forced the ... Read more »
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Teachers have warned that failure by authorities to meet the demand would have dire consequences for the country's education sector. Teachers' unions say the current salaries were ... Read more »
