Home Posts tagged Reserve Bank of Zimbabwe
THE obtaining foreign currency crisis and difficult business operating environment have claimed the scalp of cooking oil manufacturer Surface Wilmar who announced Friday they are suspending operations. The company, which owns the Pure Drop brand, reportedly owes foreign raw material suppliers over US$11 million and has failed to access enough foreign currency from the Continue Reading:
AFTER enduring a festive season without their favourite soft drinks, Zimbabweans have been told to brace for further absence of fizzy drinks from shop shelves despite an arrangement under which Delta Corporation – which manufactures the Coca-Cola Company beverages – will get forex to cover for importation of raw materials from the government. This after […]Continue Reading:
BY TERRENCE ZIMWARA || As digital currencies gradually gain traction, a counter narrative emerged as the year progressed: central banks that belatedly acknowledged the value of cryptocurrencies now want to launch their own. However, some want the prerogative to issue this currency assigned to them and only them, because central banks ‘enjoy the confidence’ of […]Continue Reading: