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Farai Mabeza Finance and Economic Development Minister, Mthuli Ncube, has predicted a drastic fall in annual inflation in 2021 and proposed new taxes for the informal sector among other highlights in his 2021 budget...
Samuel Mapuranga Zimbabwe’s five-year de-dollarization strategy leading up to the year 2024, which was un-procedurally released on Wednesday revealed that the country would phase out the issue of foreign currency such as US dollars for the payment of local transactions...
HARARE - An average Zimbabwean family required at least $5,293 in February this year to meet its basic needs for it not to be deemed poor, a 17% jump from $4,492 the previous month, latest data shows. The jump reflects...
Xolisani Ncube/Almot Maqolo At least 650 white former commercial farmers have received payment of about $50 000 as compensation from government, the Commercial Farmers Union has revealed. The money translates to approximately US$2 000 using the parallel make rate of 1:25. However,...
HARARE - The Zimbabwe Energy Regulatory Authority has hiked the price of fuel, although it remains below US$1, after admitting that pricing could not follow the parallel market rates as it would heighten inflationary pressures. In a notice, ZERA increased...
NJ Ayuk Last spring, the Maersk Voyager, an ultra-deepwater drillship under contract by French supermajor Total, drilled a wildcat well in the deepest water ever - 3,628 meters (11,903 feet) in Block 48, a massive area...
HARARE - Standard Chartered chief executive Ralph Watungwa is the new Bankers Association of Zimbabwe president. He takes over from FBC Bank managing director Webster Rusere, who completed his tenure at the annual general meeting, which was held yesterday.  The...
PRESS RELEASE – As largely expected, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has today designated Kudakwashe Regimond Tagwirei for providing support to the leadership of the Government of Zimbabwe, as well...
Sydney Kawadza HARARE – The African Development Bank has prescribed a raft of measures African countries could take to benefit from rising gold prices, which have shot up 24% since January this year. The commodity’s...
Samuel Mapuranga The outbreak of coronavirus named COVID-19 has disrupted the global economy. Evolution of the disease and its economic impact is highly uncertain, which makes it difficult for policymakers to formulate an appropriate macroeconomic policy response. In essence, even a...

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