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 as Sakunda...
HARARE – The stock market rally surged at the start of a holiday shortened week buoyed by strong performances in select heavyweight counters. Turnover also continued in high territory as investors sought value preservation in the wake of renewed...
Treasury has blacklisted 13 contractors for channeling their proceeds to the parallel market, in the process triggering domestic inflationary pressures. This comes as the local currency experienced a sharp depreciation recently which has seen it trading around 1 500-1...
Chris Chenga
The following are pondering notes on what risks and considerations should guide the continued easing in of a local currency
HARARE – (FinX) – The glue to credit based capitalism is confidence. In a global financial system of fiat currencies,...
By Staff Reporter
Harare – Zimbabwe’s government has called for stronger environmental, social, and governance (ESG) compliance across the public and private sectors as the country’s economy posts a significant rebound, with GDP revised to US$44.5 billion.
Speaking at the inaugural...
Farai Mabeza
Tobacco deliveries are slower than expected because farmers are not happy with the fixed exchange rate of 1:25 under which they are required to surrender 50 percent of their foreign currency earnings, it has emerged.
Tobacco Industry and Marketing...
TODAY, Finance and Economic Development minister Professor Mthuli Ncube has a balancing act to play when he presents his mid-term budget review.
The Zimbabwean economy that has been on a free fall since the 2018 general elections is now on...
Almot Maqolo
HARARE – Zimbabwe’s GDP will contract by 12.9% in 2020 as drought continues to weigh on agricultural output and energy production from hydropower and as the ongoing currency and liquidity crisis hampers economic activity across the country, the Economic Intelligence...
HARARE – Local manufacturing sector capacity utilization during fourth quarter (Q4) of 2021 marginally increased by a single percentage point to 66% from 65% prior quarter indicating the continued capital investment by Zimbabwean firms to boost production despite facing...
Staff Writer
A team from the International Monetary Fund is expected in Zimbabwe later this month to conduct the annual Article IV Consultation mission. The team will also be looking at the new currency arrangement, the ZIG.
IMF Communications Director Julie...
