Reason Razao
The Reserve Bank of Zimbabwe has assured the public that the introduction of ZW$50 bank note will not trigger inflation but rather augment the current stock of bills in circulation.
Governor John Mangudya in his Monetary Policy Statement presented...
HARARE - Treasury has lowered the charge on cash withdrawals on amounts above US$1 000 to 1% following pressure from legislators.
In May President Mnangagwa announced a raft of measures that were meant to defend the ailing local currency (ZWL)...
Pride Mzarabani/Itai Ndongwe
HARARE - The Zimbabwean government and the European Union have signed four financial agreements totalling 75 million euros (more than US$80 million) to support the country's development.
These agreements reinforce the EU's commitment to complement the government's efforts...
HARARE- The Zimbabwe Energy Regulatory Authority has announced a nominal increase in the price of fuel after the Zimbabwe dollar took a knock against the United States greenback at the Foreign Currency Auction System this week.
The local currency continued...
Nhau Mangirazi
Residents and ratepayers in Karoi, a town about 260km from Harare in Mashonaland West, have taken the council over information on how authorities spend funds from government’s devolution funds.
In a letter dated August 23, residents’ representatives including Karoi...
Tapiwanashe Mangwiro
HARARE - The ministry of Finance gazetted a new statutory instrument, which deals with fund administrators, principal officers, registration fees as well as financial results of pension funds.
For a person to be a fund administrator according to SI...
Davison Kaiyo
HARARE – Government has deleted Section 36 of the Finance (No 2) Act of 2020 which it says had caused some misconception to some investors and stakeholders in the mining sector.
In a joint statement the Ministries of Finance,...
MUTARE - Timber production racked in up to US$37.5 million from both local and export sales in 2020.
Statistics gathered from the Timbers Producers Federation (TPF) indicated that a total of ZWL$1.1 billion (US$13.4m) was generated through local sales while...
Pride Mzarabani
HARARE – Global Commodity prices are set to fall sharply this year by about 12 percent overall, as weakening global economic growth weighs on demand. Next year 2026, commodity prices are projected to decline by another 5 percent,...
Tadiwa Musiyiwa
Growth strategies and quality employment generation are key factors towards the formalisation of Zimbabwe’s economy.
The informal sector contributes above 70% of the country’s GDP. According to Zimstat’s labour force survey for the fourth quarter to December 2021, the informal sector is the...
