Itai Ndongwe
The Zimbabwe National Road Authority (ZINARA) has made substantial strides in fulfilling its financial commitments to the Development Bank of Southern Africa (DBSA), with 77% repaid of its total allocation for the DBSA loan this year, amounting to...
The African Development Bank has approved US$34.8 million, (US$34,796,402.40) in grants to enhance resilience and adaptation to climate disaster risks for vulnerable communities in Malawi and Zimbabwe.
Under the bank group’s Africa Disaster Risk Financing (ADRiFi) initiative, the Mitigating Fragility...
Talkmore Gandiwa
The World Bank has approved a new Country Engagement Note (CEN) focused on supporting the country’s immediate development priorities for 2025 to 2026.
The World Bank CEN initiative is anchored in a continued commitment to support the country, along...
HARARE (FinX) - In a landmark move aimed at revitalising the agricultural sector, the Zimbabwean government has announced significant reforms to enhance security of tenure for beneficiaries of the Land Reform Programme. This initiative, spearheaded by a Cabinet Oversight...
Harare - The Confederation of Zimbabwe Retailers (CZR) has written to the government appealing for the swift implementation of the zero-rating of Value Added Tax (VAT) on essential goods, as approved by Cabinet.
The letter is a follow-up to a...
HARARE (FinX) - Tourism receipts are estimated to have increased by 15% to US$252 million in the second quarter of 2024 from US$220 million in the same period on 2023, mainly attributed to rising international tourism in addition to
improved...
HARARE (FinX) - The Bankers Association of Zimbabwe has said that the Reserve Bank of Zimbabwe should consider staggering the increase on statutory reserves, set at 30%, as they warned that the increase would dampen economic growth as banks...
Terrence Kurira
The Reserve Bank of Zimbabwe (RBZ) has injected a total of US$64 million into the interbank foreign exchange market to address pipeline demand and maintain the stability of the ZiG.
The RBZ's intervention comes in response to a surge...
Pride Mzarabani
HARARE - The Reserve Bank of Zimbabwe has issued Exchange Control Circular No. 3 of 2024 which seeks to tighten controls on foreign exchange transactions.
The key provision of the circular is aimed at preventing the duplication of invoices...
Talkmore Gandiwa
HARARE - The Southern African Development Community (SADC) is facing significant challenges in securing long-term financing to drive economic development.
Finance, Economic Development and Investment Promotion Minister Mthuli Ncube said despite ongoing efforts to foster economic growth and integration,...
