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THE Reserve Bank of Zimbabwe governor Dr John Mangudya has said that international banking regulations dictate that limited amounts of cash are imported at any given time and just like individual depositors had a maximum daily withdrawal, banks we
From Africa's digital revolution to its young and growing labour force, here is a round-up of some of the top discussions, pictures and videos from the first day of the World Economic Forum on Africa, taking place this week in Kigali, Rwanda.
The Bankers Association of Zimbabwe says it supports measures announced by the Reserve Bank of Zimbabwe on Wednesday last week to deal with the prevailing cash shortages in the country, stimulate exports and grow the country.
The African Development Bank Group will unveil its new agenda for the continent's economic transformation at this year's Annual Meetings scheduled to take place from May 23-27 in Lusaka, Zambia.
The world Economic Forum for Africa, scheduled to kick off in Kigali today, will be an opportunity to create awareness about the anticipated Fourth Industrial Revolution, which technology enthusiasts term as disruptive.
A stronger U.S. Dollar continued to pressure June Comex Gold futures early Wednesday. Gold prices are down $9.60 or -0.74% at $1282.20. Spot gold drifted lower by 0.30% at $1281.41 an ounce after losing almost 0.4% in the previous session.
Uncertainty and pessimism have dominated the economic and business news in recent months.
The International Monetary Fund (IMF) says sub-Saharan Africa economy faces a possible downturn, with growth expected to drop from 3.4 per cent in 2015 to about 3 per cent in 2016.
The Reserve Bank of Zimbabwe is set to introduce bond notes to curb money flowing out of the country, while measures have been put in place to promote the widespread use of multi-currencies to arrest the obtaining cash shortages.