Zimbabwe's economic measures must be focused on countering the rising threat of rising fertiliser and oil prices, according to CBZ, the biggest lender to Zimbabwean farmers. Exporters, such as miners, may benefit from higher...
Zimbabwe is seeking to move away from using firewood and switch to gas to cure tobacco in a bid to curb deforestation, the country's tobacco industry regulator says. The Tobacco Industry and Marketing Board...
Finance Minister Mthuli Ncube wants Parliament to authorise over Z$107 billion in unauthorised spending, but is not saying how the money was spent. Ncube is proposing a Financial Adjustments Bill, which seeks condonation from...
President Emmerson Mnangagwa has announced a raft of measures that he says are necessary to stabilize the exchange rate. Flanked by Finance Minister Mthuli Ncube and RBZ governor John Mangudya, Mnangagwa said “strong fundamentals”...
RBZ has raised interest rates by 20 percentage points, as it battles the growing threat of inflation. The main bank policy rate has gone up from 60% to 80%, the bank’s monetary policy committee...
Zimbabwe has secured a guarantor to support the planned sale of a US$200 million bond, which would be listed on the Victoria Falls Exchange, according to Finance Minister Mthuli Ncube.“We think that in the next two months,...
Officially launched in December 2021, the Victoria Falls Stock Exchange (VFEX) is the first bourse on the sub-continent trading exclusively in US dollars. So far it has just four listings – three miners and...
As the Zimbabwe dollar weakens further, there have been calls for Zimbabwe to ditch the local currency and adopt the US dollar as the main currency, once again. Reserve Bank of Zimbabwe governor John Mangudya...
By John Legat 2021 proved to be a strong year for the Zimbabwe economy despite the various COVID-induced lockdowns. 2020 was not a great year, so in part 2021 was a recovery year greatly...
Reserve Bank of Zimbabwe Governor, John Mangudya, is reluctant to act to narrow a widening gap between the Zimbabwe dollar’s official and black market rates, saying that businesses are to blame for the disparity.
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