Late last year, RwandAir’s Harare office sold return tickets to Dubai for $352, payable through ‘swipe’ or RTGS$, Zimbabwe’s unofficial currency which is pegged at parity to the US dollar.
Bargain hunters with foreign...
Zimbabwe imported 1.63 billion litres of petrol and diesel in 2018, a 24% increase on the previous year, Zimra data has shown.
The country has experienced extended fuel shortages since October 2018, as a...
Government collected $166 million through the revised intermediated money transfer tax introduced last October, the Zimbabwe Revenue Authority (Zimra) has said.
Finance Minister Mthuli Ncube revised the tax from the previous 5 cents for...
During a December 20, 2018 appearance before a parliamentary committee, central bank governor John Mangudya was asked if it was sustainable for government to continue subsidising fuel. Why not let all fuel retailers sell in forex?, one...
In Davos for the World Economic Forum, Finance Minister Mthuli Ncube says he will stay the course on unpopular fiscal reforms despite protests, and announced that he is seeking US$500 million in credit lines for fuel. But...
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...
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...
President Emmerson Mnangagwa has signed two major mining
deals during his tour of Russia, but they have been overshadowed by the
political crisis back at home.
On Wednesday, Great Dyke Investments, a Zimbabwe-Russia joint venture, signed...
President Emmerson Mnangagwa has defended this week’s steep fuel price increase amid violent protests which rocked Harare and Bulawayo on Monday.
Mnangagwa announced a 150% fuel price increase on Saturday in a bid to...
Government must urgently end its exchange rate fiction and implement currency reforms to avert imminent economic implosion, leading asset manager Imara has said in a searing note to investors.
Imara says President Emmerson Mnangagwa’s...
