HARARE - Zimbabwe will settle over 10 years it's US$3 billion blocked funds debt owed to foreign firms that provided services or products to Zimbabwean entities but were not paid, according to Finance and Economic Development Minister, Professor Mthuli Ncube. About 600 companies are reportedly owed significant amounts, the highest exposure being US$484 million relating…
Finance and Economic Development Minister, Mthuli Ncube, has urged grain millers to source their own grain instead of always waiting for supplies from the government.
THE near convergence of the auction average and the interbank rate was maintained yesterday but for the first time the auction average at $308,5201 was above the interbank rate of $301,4994, although only by 2,3 percent, as the Government announced a cocktail of measures to tame exchange rate fluctuations and curb speculative behaviour. According to…