Chris Mahove
The citrus industry value chain is playing a crucial role in the economic growth and development of Zimbabwe, contributing between 3-4 % to the country’s Growth Domestic Product.
This was said by the Acting Chief Director, Research Services Department,...
HARARE (FinX) – The Reserve Bank of Zimbabwe lowered its key policy rate for the second time since the Covid-19 outbreak and the third time since the set-up of the Monetary Policy Committee, to provide monetary stimulus as the...
HARARE – A slowdown in economic activity in April due to the coronavirus-induced national lockdown, saw the country’s trade deficit narrow by a significant 82.87% to $24.2 mln. According to the latest statistics from Zimstat, cumulatively the trade deficit...
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...
FARAI MABEZA
THE International Monetary Fund (IMF) has expressed concern at the slow pace of political reforms by the government saying this was impeding any hopes of having the country's debt restructured.
IMF representative in Zimbabwe, Patrick Imam, made these remarks...
Farai Mabeza
Zimbabwe is battling to salvage its economy on its own in the wake of the COVID-19 pandemic after being excluded from the emergency financial assistance extended to other countries by the International Monetary Fund, Reserve Bank of Zimbabwe...
HARARE: The foreign currency retention policy for exporters that has been subject to criticism for years is likely to spell further doom for local exporters with global trade expected to slow down this year due to the Omicron COVID-19...
SOUTH African President, Cyril Ramphosa, has pleaded with the British monarch and government to facilitate a smooth re-admission of Zimbabwe into the Commonwealth and lift the sanctions imposed on the Southern African country.
Ramaphosa took advantage of his just ended...
Tapiwanashe Mangwiro
Zimbabwe’s largest mobile money transfer platform – Ecocash - has increased daily limits for individual transactions while a new executive club for exclusive users has been established.
In a statement issued over the weekend, EcoCash, increased daily and monthly...
HARARE - Old Mutual Life Assurance Company Zimbabwe (OMLAC) is set to finance and undertake a feasibility study financing agreement in respect of the development of bulk infrastructure in the Masuwe Area of the Victoria Falls Special Economic Zone.
The...
