Zimbabweans will once again be able to use US dollars to pay for goods and services, the RBZ announced on Thursday, nine months after the government banned the use of foreign currencies for most local transactions.
Zimbabwe will adopt a “managed float” exchange rate regime, Finance Minister Mthuli Ncube said on Wednesday, abandoning strict control of foreign exchange by the central bank in the latest in a series of currency reforms that have...
Reserve Bank of Zimbabwe governor John Mangudya on Monday defended the central bank’s interest rate policy against charges that negative rates were fuelling exchange rate instability and inflation. The central bank on Monday maintained...
The Reserve Bank of Zimbabwe (RBZ) has processed claims for foreign currency-denominated legacy debt worth US$1.2bn, rejecting dodgy requests worth US$861 million, governor John Mangudya revealed on Monday. After ending dollarisation last year,...
Zimbabwe is well on course to complete de-dollarisation, with the process expected to take five years, central bank governor John Mangudya said on Monday. The country officially ended a decade of dollarisation last June,...
Drought, Cyclone Idai and “policy missteps” drove Zimbabwe’s economic contraction in 2019, the first in over a decade, the International Monetary Fund (IMF) says.  The IMF projected the economy to slump by 7.1% in...
Zimbabwe’s economy shrunk by 7.5% in 2019 but could rebound by 2.7% in 2020, according to a new World Bank report.  This was the first time that Zimbabwe suffered a GDP contraction since 2008,...
In 2019, Zimbabwe was caught up in quite a spin, from the January riots, Mthuli Ncube’s policy upheavals, to the death of a dictator. Did any analyst, journalist or commentator at any one...
The World Food Programme (WFP) says it is rapidly expanding an already sizeable emergency operation in Zimbabwe where drought, flooding and economic meltdown have plunged 7.7 million people – half the population – into severe hunger.
Edgars says it is opening new stores despite falling consumer spending that resulted in a 23% drop in volumes in the months to September. Unit sales at Edgars stores were down 25% compared to...
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