Sydney Kawadza
The African Development Bank has predicted that prices of goods in Zimbabwe would stabilize due to the weekly Foreign Currency Auction System introduced in June.
The Bank, in its African Economic Outlook 2021, also predicted a modest economic recovery...
Davison Kaiyo
HARARE – In order to attract investments into the pharmaceutical industry, a new strategy document is proposing tax incentives into the sector.
According to the Pharmaceutical Manufacturing Strategy in Zimbabwe: 2021-2025 which was approved in Cabinet yesterday, competitiveness of...
HARARE – The Reserve Bank of Zimbabwe kept its key policy rate unchanged to sustain the current inflation trajectory and support the forecast robust economic growth for 2021.
The bank policy rate was maintained at 40% and the interest rate...
Talkmore Gandiwa
Metropolitan Bank of Zimbabwe's suspension from trading in foreign currency has been lifted by the Reserve Bank of Zimbabwe.
The bank's foreign currency dealership licence was suspended two months ago for breaching Exchange Control regulations relating to trading in...
Davison Kaiyo
HARARE – Cement manufacturers are seeking government intervention in reducing key cost-drivers that are making its products uncompetitive compared to its regional peers.
This came out at the commissioning of Lafarge Cement’s new US$2.8m dry mortar plant with the...
Statutory Instrument 127 of 2021, Presidential Powers (Temporary Measures) Financial Laws Amendment Regulation 2021
Social and Economic Implications
On the 27th of May 2021, the government of Zimbabwe published Statutory Instrument 127 of 2021 (SI 127 of 2021) which sets out...
HARARE – The government has reviewed upwards the subsidized price for a roller meal bag by 40% against the prevailing market price of the product with immediate effect.
Previously, the roller meal subsidy was pegged at ZWL$50 per 10kg bag...
Farai Mabeza
HARARE – Zimbabwe expects that 30 percent of all tobacco sales will be done outside Harare after Government gazetted a statutory instrument authorising the setting up of decentralised tobacco auction sites in the wake of the COVID-19 pandemic,...
Zimbabwe’s diamond industry has been thriving in the past three years.
Although the country’s diamond, gold and mineral revenues are wide, Zimbabwe expanded its diamond production from 2.8 million carats in 2018 to 4.1 million carats in 2019. The growth...
Tadiwa Musiyiwa
Government has approved the Tobacco Value Chain Transformation Plan aimed at
transforming the tobacco value chain into a US$5 billion industry by 2025 through localisation of tobacco financing, increased production and productivity and exports of cigarettes.
In a post cabinet...
