Markets
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Bindura Nickel to delist from ZSE and list on VFEX
Zimbabwe’s biggest nickel operation plans to list on the U.S. dollar-denominated stock exchange in Victoria Falls, as part of efforts to ignite foreign interest in the miner. Bindura Nickel Corp. has requested shareholder approval to delist from the Zimbabwe Stock Exchange and list on the Victoria Falls Stock Exchange, or VFEX, it said in a circular to shareholders published in…
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RBZ starts clearing forex auction backlog
THE Reserve Bank of Zimbabwe (RBZ) has started clearing the backlog of foreign exchange auction allotment after receiving funds from Treasury. In a statement on Tuesday, RBZ Governor John Mangudya said the central bank has received funds from Government. “Further to previous communication that Government would be providing funds to clear the ring-fenced backlog of foreign exchange auction allotments, the…
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2022 National Budget presentation set for 25 November
THE 2022 National Budget giving the revenue and expenditure plans for next year will be tabled in Parliament on November 25 and is expected to steer Government programmes under the National Development Strategy 1. Finance and Economic Development Minister Mthuli Ncube said in Harare last night during the annual Indian Technical and Economic Cooperation (ITEC) celebrations that following the 2022…
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