Economy

Finance Minister Mthuli Ncube picked an odd quote to cap off his 2023 national budget statement on Thursday. He quoted Mahatma Gandhi: "The future depends on what you do today." But a more apt...

By Nelson Banya Zimbabwean farmers looking to cash in on the boom in medical marijuana face a litany of costs and regulatory barriers, but farmers like Munyaradzi Nyanungo are nonetheless hoping it will prove...

Zimbabwe is lifting restrictions on the import of basic goods and paying maize farmers partly in US dollars.  These two moves, announced by Finance Minister Mthuli Ncube on Saturday, may cheer traders and farmers,...

The global financial crime watchdog the Financial Action Task Force (FATF) has removed Zimbabwe from its “grey” watchlist, giving some rare relief to an economy battling global financial isolation. Zimbabwe was put on the...

The national statistics agency, ZimStat, has just released the latest trade data for December. Here are five quick facts about the state of trade: Trade deficit got wider The gap between...

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...