Finance Minister Mthuli Ncube reckons he’s done with his “shock
therapy” of the Zimbabwean economy, saying he believes he’s made progress
towards mending the fiscal deficit and the exchange market.
However, he is keeping a...
By MacDonald Dzirutwe
HONDE VALLEY - David Muganyura smells the coffee cherries on
the slopes of his plot and breaks into a smile, as he chats to workers who are
harvesting a crop he expects to...
Zimbabwe’s central bank has reassured gold companies and
people receiving money transfers that they will still be able to receive
foreign currency in their bank accounts after a ban takes effect in shops.
On Monday, Zimbabwe...
Few things fill a Zimbabwean with fear and dread more than the word "Zimdollar". So, it was no surprise when news that Zimbabwe had declared the RTGS the sole local currency, one more step in the country’s...
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’s trade deficit narrowed significantly in the first three months of 2019, following a 6% increase in exports as well as the imposition of measures to throttle imports.
Finance Minister Mthuli Ncube, who is...
HARARE (Reuters) - Zimbabwe will not borrow externally and will cut reliance on the central bank to finance deficits during an IMF staff-monitored programme in a bid to set a track record of fiscal discipline that could...
Zimbabwe owes US$200 million to foreign fuel suppliers, making new imports difficult as the companies require cash up front, Energy Minister Fortune Chasi and central bank governor John Mangudya have said.
Zimbabwe is facing...
In Zimbabwe, exporters are compelled to repatriate their earnings back to the country within 90 days.
Exporters are opposed to this measure; with the market starved of forex, they fear they will not...
Zimbabwe government figures blamed exporters on Monday for exacerbating a dollar shortage and warned the power utility against fueling inflation as the state grappled with a mounting economic crisis.
The southern African nation is...
