After spending a projected ZW$60 billion for grain purchases this year, the government will pay an extra ZW$18 billion to clear loans taken by defaulting farmers, Treasury revealed on Thursday, as the costly command agriculture programme continues...
The government will order impromptu audits and suspend licences for businesses pricing using black market forex rates, Finance Minister Mthuli Ncube announced on Thursday amid another episode of forex market turmoil. In recent weeks,...
For the second time this year, the Reserve Bank of Zimbabwe has revised its year-end inflation target upwards, this time as high as 53%, from the previous forecast in the 25%-35% range. In an...
Zimbabwe's government has increased the strategic reserve levy by as much as 323%, a move which will push the country's fuel price, already the highest in the region, higher. A notice by Finance and...
By Nelson Banya Zimbabwe’s exports are expected to increase by 21.7% to US$5.743 billion in 2021, from US$4.72 billion in 2020. This forecast is fully in sight as exports grew 21% in the first...
The Reserve Bank of Zimbabwe (RBZ) says government will use some of its foreign currency tax receipts to clear delayed forex allocations from the auction system. In its monetary policy statement issued on Thursday,...
The Zimbabwe Investment Development Agency (ZIDA) signed a partnership agreement with Singapore’s development cooperation agency on Wednesday, announcing the planned construction of a 200MW solar project as an example of benefits expected to flow from economic ties...
Charging above the official exchange rate and refusing to take Zimbabwe dollars will attract fines under new regulations gazetted by Government. There will also be penalties for companies that misuse the forex they get...
By Nelson Banya So, Zimbabwe could soon come into some money. Nearly US$1 billion, courtesy of a general US$650 billion allocation by the International Monetary Fund (IMF) to all its 190 members.
By Nelson Banya Although the Zimbabwe Energy Regulatory Authority hopes the country will generate 1,100MW from non-hydro renewable energy sources by 2025, Zimbabwe’s best chance for electricity near-term self-sufficiency lies on the vast coalfields...
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