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RBZ Monetary Policy Statement - Fulltext

The Reserve Bank of Zimbabwe governor Dr John Mangudya today delivered the much anticipated January 2016 Monetary Policy Statement (MPS) themed, "Economic transformation through Transparency and Accou...Read more

RBZ Monetary Policy Statement - Fulltext

04 February 2016 | 3522 Views
The Reserve Bank of Zimbabwe governor Dr John Mangudya today delivered the much anticipated January 2016 Monetary Policy Statement (MPS) themed, "Economic transformation through Transparency and Accou...

by Dr John Mangudya

'World Bank officials are smoking something,' says Chinamasa

03 February 2016 | 3382 Views
The World Bank says Zimbabwe's economy will not slip into recession but will maintain an economic growth rate of 1.5% in 2016 anchored largely by growth of the services sector, a projection howeve...

by Staff reporter

Zimra misses revenue collections target

03 February 2016 | 1768 Views
The Zimbabwe Revenue Authority (Zimra) revenue collections for the just-ended year dropped to US$3,5 billion against a target of US$3,72 billion.A Zimra 2015 revenue performance report shows t...

by Staff reporter

RBZ Boss to present Monitory Policy Statement tomorrow

03 February 2016 | 1549 Views
THE Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya will tomorrow present the 2016 Monetary Policy Statement (MPS). The policy statement comes at a time when the country is grappli...

by Staff reporter

Zimbabwe likely to witness improved economic growth rates, says the World Bank

03 February 2016 | 1441 Views
Zimbabwe is likely to witness improved economic growth rates in the short to medium term, the World Bank has said.In a report titled, Zimbabwe Economic Update, the first of its nature, the Wor...

by Staff reporter

Zimra to realise $40m from tax amnesty

27 January 2016 | 1107 Views
The Zimbabwe Revenue Authority (Zimra) Commissioner-General Gershem Pasi says the taxman assessed about $40 million tax claims during its tax amnesty last year.Speaking on the side-lines of th...

by Staff reporter

Postal, courier revenues decline

27 January 2016 | 995 Views
Revenues generated by local postal and courier companies have continued to decline steadily during the past five years as the advent of new technologies hits on the demand for their services, Portraz ...

by Staff reporter

Zimbabwe govt clarifies on use of Chinese Yuan

22 January 2016 | 8715 Views
The Reserve Bank of Zimbabwe has set the record straight on the use of the Chinese Yuan saying it is only part of the trading currencies while the United States dollar will remain the country's settle...

by Staff Reporter

Cash crunch hits Zimbabwe banks

22 January 2016 | 5345 Views
A biting cash shortage has forced banks to lower their daily automated teller machine (ATM) withdrawal limits from $3,000 to $800. A snap survey conducted, revealed that some locally owned...

by Staff reporter

Zimbabwe's imports down 13%

22 January 2016 | 1191 Views
ZIMBABWE's imports maintained a downward trend declining by 13 percent from $516 million to $449 million between October and November last year, official data shows.The Zimbabwe National Stati...

by Brighton Gumbo

Take advantage of weak rand, says Mangudya

16 January 2016 | 2714 Views
Industry should take advantage of the South African rand's decline to import raw materials and capital goods to revive the economy, Reserve Bank Governor, Dr John Mangudya has said.The officia...

by Lloyd Gumbo

WATCH: Dangote to start multi-million operations in Zimbabwe

15 January 2016 | 2571 Views
Nigeria's Dangote Group is set to begin operations in Zimbabwe soon.This was said by the chief strategist of the multi-billion dollar company, Abdu Mukhtar, who is currently in the southern Af...

by Staff reporter

Cost of living increases marginally

13 January 2016 | 1717 Views
THE cost of living went up marginally by 0.63 percent last month due to an increase in the prices of some basic commodities.According to a survey conducted by the Consumer Council of Zimbabwe ...

by Brighton Gumbo

Zimbabwe working on diamond bourse

13 January 2016 | 1353 Views
Zimbabwe has started the process of turning itself into a regional diamond trading hub by inviting consultants to help establish its own diamond bourse expected to attract traders from all over the wo...

by Lloyd Gumbo

RBZ to present 2016 monetary policy statement

11 January 2016 | 988 Views
THE Reserve Bank of Zimbabwe will present the 2016 monetary policy statement end of January with a call to focus on interventions that promote resource mobilisation for economic growth and clearing ex...

by Oliver Kazunga

World Bank predicts 2,8% GDP growth for Zimbabwe

11 January 2016 | 1039 Views
The World Bank is forecasting a 2,8 percent increase in Zimbabwe's gross domestic product from the 1 percent estimated for 2015. Government had projected a growth rate of 2,7 percent for the year main...

by Staff reporter

Local players vital to growth, says Chinamasa

06 January 2016 | 2272 Views
THE government is working on a raft of measures to address challenges that have been hindering increased participation of indigenous Zimbabweans in the local economy, Finance and Economic Development ...

by Staff reporter

CZI optimistic about economic transformation

06 January 2016 | 970 Views
THE Confederation of Zimbabwe Industries said it is optimistic about the overall transformation of the economy this year despite the projected poor agricultural season. Its president, Mr Busis...

by Martin Kadzere

Zimbabwe importing 300 MW from Eskom

04 January 2016 | 2381 Views
Zimbabwe is getting 300 megawatts daily from South African power company Eskom, in a development that has resulted in improved electricity availability in parts of the country in recent weeks....

by Felex Share

Zimbabwe govt to float infrastructure bond

04 January 2016 | 1524 Views
GOVERNMENT will this year float an infrastructure development bond with a view to mobilising resources for various capital projects.The Minister of Finance and Economic Development Patrick Chi...

by Business Reporter

Carnival boost for Victoria Falls tourism

01 January 2016 | 1413 Views
TOURISM players in Victoria Falls have recorded brisk business during the week as a result of the Victoria Falls Jameson Carnival that ended yesterday.This has resulted in operators and hotels...

by Adelaide Moyo

Ignore social media messages on Chinese Yuan

29 December 2015 | 6409 Views
RESERVE Bank governor Dr John Mangudya has urged the banking public to ignore messages circulating on social media platforms claiming the multi-currency system will be abolished.Last week, a m...

by Thobekile Zhou

Multi-currency system to continue says Mangudya

29 December 2015 | 3367 Views
RESERVE Bank governor John Mangudya has urged the banking public to ignore messages circulating on social media platforms claiming the multi-currency system will be abolished.Last week, a mess...

by Staff Reporter

Govt orders additional bond coins worth $6 million

24 December 2015 | 3504 Views
The government has made an order of additional bond coins worth US$6 million to sustain a rise in demand for the denominations.In the 2016 national budget statement, the Minister of Finance an...

by Staff Reporter

Central bank dismisses Zimdollar report

22 December 2015 | 5017 Views
THE Reserve Bank of Zimbabwe allayed fears over the return of the local currency after panic gripped the banking public yesterday following a fake message circulating on social media platforms which s...

by Business Reporters

Zimbabwe to use Chinese Yuan early next year

20 December 2015 | 6381 Views
Zimbabwe could start using the Chinese yuan alongside the United States dollar as early as 2016, with the Reserve Bank of Zimbabwe and People's Bank of China already finalising modalities, The Sunday ...

by Staff Reporter

Zimbabwe improves ease of doing business

18 December 2015 | 1872 Views
ZIMBABWE has made considerable progress in improving its doing business environment after scoring high during the first 100 days of the Rapid Results Framework which was enunciated by President Robert...

by Staff reporter

Zimbabwe imports drop 12%

18 December 2015 | 1707 Views
ZIMBABWE's imports declined by 12 percent in the month of October to $516 million, from $584 million recorded in September, latest data from the Zimbabwe National Statistical Agency shows. In ...

by Brighton Gumbo

Zimbabwe inflation rate gains

16 December 2015 | 1907 Views
Zimbabwe's inflation rate for November gained 0,83 percent, but remained in the negative due to the continued fall of the rand against the US dollar and weak consumer demand. Year-on-year inflation ra...

by Martin Kadzere and Conrad Mwanawashe

'Zimbabwe import bill to decline,' says Chanakira

15 December 2015 | 1439 Views
The high import bill is set to be worsened by the South African rand that has dropped to all-time low levels against the dollar, an official has said. The South African rand plunged to R16...

by Staff reporter

'Continued US$ use threat to Zimbabwe economic growth'

15 December 2015 | 2479 Views
Finance and Economic Development Minister Patrick Chinamasa yesterday said there was need to craft strategies to address challenges posed by the appreciation of the US dollar against the currencies of...

by Staff reporter

Zimra introduces new tax management system

15 December 2015 | 2209 Views
The Zimbabwe Revenue Authority (zimra) has introduced a new tax management system that captures real time financial and statistical data from traders to advise Government accordingly on policies relat...

by Tendai Mugabe and Joan Tsikira

Zimbabwe economy on recovery path, dreams Mugabe

13 December 2015 | 1235 Views
Zimbabwe's economy is on the steady road to recovery, with more distressed companies expected to come to life in 2016, President Mugabe has said.Closing the highly-successful 15th Annual Natio...

by Cletus Mushanawani

Zimbabwe gazettes new mining bill

08 December 2015 | 1431 Views
Zimbabwe has transformed the Minerals Marketing Corporation of Zimbabwe into a fully-fledged mineral exploration corporation as part of strategies to facilitate growth. This comes after go...

by Staff reporter

IMF offers Zimbabwe lifeline

08 December 2015 | 4061 Views
The International Monetary Fund (IMF) could lend Zimbabwe $500 million, as early as mid-next year subject to the country clearing its arrears with international lending institutions, an IMF execut...

by Staff reporter

Chinamasa's budget shows that Zim is a consumptive nation

07 December 2015 | 1553 Views
Bulawayo based policy analyst Batler Tambo has said the budget for 2016 announced by Finance Minister Patrick Chinamasa recently shows that Zimbabwe has a consumptive economy with no possible growth e...

by Stephen Jakes

Zim still can not borrow money from IMF- policy analyst

07 December 2015 | 1368 Views
A Bulawayo based policy analyst Batler Tambo has said Zimbabwe had had its voting rights at the International Monetary Fund (IMF) revoked in 2003 because of arrears on payments and while those were re...

by Stephen Jakes

Zimbabwe bank seeks to promote Chinese currency use

06 December 2015 | 3074 Views
THE People's Bank of China and the Reserve Bank of Zimbabwe are investigating the feasibility of using the Chinese currency, renminbi or yuan under the multicurrency system.In an interview wit...

by Staff reporter

'Economic growth projections too optimistic,' govt warned

06 December 2015 | 1162 Views
Economists have warned that Government's economic growth forecast for 2016 may be too optimistic as the fall in commodity prices on the international market is likely to affect Zimbabwe's earnings....

by Staff Reporter

Bond coins gain popularity as Rand weakens

24 November 2015 | 4033 Views
Some traders have stopped accepting the South African rand in favor of bond coins in Zimbabwe's multi-currency economy as the rand continues losing value against the U.S. dollar, according to a report...

by Dana Sanchez I AFKInsider newsletter

Potraz to review licensing framework

06 November 2015 | 1170 Views
The Postal and Telecommunications Regulatory Authority of Zimbabwe says the current service specific licensing framework is being reviewed because the obsolete regime stifles growth of the industr...

by Staff reporter

RBZ has enough bond coins: Mangudya

04 November 2015 | 2932 Views
Reserve Bank of Zimbabwe Governor John Mangudya says the central bank has enough bond coins to cater for increased demand due to the cross-rating of rand coins. This comes as the Passenger...

by Staff reporter

Zimbabwe produces 2,2 million diamond carats in 3 months

01 November 2015 | 3261 Views
The pre-budget seminar for parliamentarians entered its second day with government revealing that over 2,2 million carats of diamonds were produced by the end of the third quarter.3,36 million...

by Staff reporter

Zimra misses target

01 November 2015 | 2045 Views
The Zimbabwe Revenue Authority (ZIMRA) has missed its third quarter revenue target by about nine percent.ZIMRA had set a target to collect US$964 million in the third quarter but managed US$87...

by Staff reporter

7 500 Zimbabwean tax cheats hide millions

01 November 2015 | 2781 Views
At least 7 500 tax evaders have prejudiced Treasury of millions of dollars in unremitted dues since introduction of the multi-currency system in 2009.This emerged when the Zimbabwe Revenue Aut...

by Lincoln Towindo

Zimbabwe moves up 'Ease of Doing Business' rankings

29 October 2015 | 1641 Views
Zimbabwe is still to improve on the World Bank's Doing Business survey in spite of recording two positive reforms under the new calculated methodology.The World Bank report shows that Zimbabwe...

by Staff reporter

Zimbabwe urged to export goats

28 October 2015 | 4226 Views
Zimtrade has called on Zimbabwe to export goats as the global trade in the commodity has reached $372 million in seven years.Zimbabwe has not exported meat since the imposition of restrictions...

by Thobekile Zhou

Zimbabwe must pay its $10,4 billion debt to international lenders

25 October 2015 | 2225 Views
Zimbabwe must pay its US$10,4 billion dues to international lenders if it wants to access new money for economic growth from multilateral financial institutions, Reserve Bank of Zimbabwe governor Dr J...

by Staff reporter

Zimbabwe economy waiting for Mugabe to go

24 October 2015 | 4543 Views
Harare (dpa) - The broad avenues lined with lilac trees in the Zimbabwean capital Harare show no images of 91-year-old President Robert Mugabe, but his presence towers over the southern African countr...

by Sinikka Tarvainen, dpa

Mphoko want banks to cut interest rates to at least 10%

18 October 2015 | 4688 Views
The banking sector must reduce interests rates to at least 10 percent in order to remain relevant to the prevailing macro-economic environment, Vice President Phelekezela Mpoko has said.M...

by Staff reporter
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