EU to launch 3 million euro fund

BULAWAYO, February 13 (The Source) – The European Union and the Ministry of Industry and Commerce will on Friday launch a 3 million euro Trade and Private Sector Development fund meant to help the private sector and some small to medium companies to recapitalize and… Read More

Zim widens multi-currency basket

HARARE, January 29 (The Source) – The Reserve Bank of Zimbabwe (RBZ) on Wednesday widened the multi-currency basket to include four more foreign currencies in what analysts see as a way of addressing the cash shortage in the economy. Currencies of China, India, Japan and… Read More

RBZ moves to control interest rates

HARARE, January 28 (The Source) – The Reserve Bank of Zimbabwe (RBZ) on Tuesday announced a new interest rate structure aimed at taming the  country’s high interest rates which are hampering savings. It is estimate that around $2 billion is circulating outside the banking sector… Read More