FBC Bank managing director Webster Rusere says the bank still allows forex cash withdrawals for depositors holding ‘free funds’, allaying fears raised by a leaked internal circular which appeared to change rules on the operation of foreign...
Zimbabweans must “collaborate peacefully” after last week’s unrest
in order to stabilise the economy, the International Monetary Fund (IMF) says.
Finance Minister Mthuli Ncube’s reforms “were headed in the right direction” towards mending the...
Zimbabwe’s economy will contract by 7.1% this year,
according to a new forecast by the International Monetary Fund.
The IMF’s prediction, in its latest global economic outlook released Tuesday, is a further downgrade from...
South Africa has turned down a request from Zimbabwe for a $1.2 billion loan, a spokesman for the country’s finance ministry said on Monday.
“South Africa doesn’t have that kind of money,” National...
By Engineer Jacob Mutisi
According to Zimstat, Zimbabwe had 93 714 university
students as at August 2017, but only 25 952 polytechnic students. Harare,
Zimbabwe’s capital city, has six universities but only one polytechnic.
Zimbabwe and the International Monetary Fund (IMF) are currently undertaking a staff monitored programme (SMP) - an informal collaboration which does not entail financial support - as the southern African country implements economic reforms.
Finance Minister Mthuli Ncube announced a ZWL$421.6 billion national budget for 2021 on Thursday. Here are the highlights:
The economy is expected to grow by 7.4% after a 4.1% contraction in 2020
Year-on-year inflation forecast to close 2021 at...
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...
Public sector workers have rejected a government offer of ZWL$180 million in added pay for the July-December period as inadequate in the face of soaring inflation, a union official said.
Zimbabweans are angry as...
By Prof. Tony Hawkins
Ten days ago, Zimbabwe’s new Finance Minister Mthuli Ncube was talking of abolishing bond notes and launching currency reforms before the end of the year. But on Tuesday, President Emmerson Mnangagwa ruled out any such reforms.
In...
