Business / Economy
Zimbabwe, SA in financial package talks
ZIMBABWE and South Africa are still locked in crucial talks over a financial package for Harare to help the country clear its arrears to international...Published: 27 Jan 2019 at 11:02hrs | 13084 | by Staff Reporter
Government targets reduction of tax burden by 2021
Government says Zimbabweans should expect reduction of the tax burden by 2021 as Treasury seeks to address challenges that led to the country experien...Published: 13 Jan 2019 at 18:34hrs | 1527 | by Staff Reporter
Zimbabwe to have own currency in 12 months
Finance and Economic Development Minister Professor Mthuli Ncube yesterday said the country will have its own currency within the next 12 months, as G...Published: 12 Jan 2019 at 11:18hrs | 4449 | by Staff Reporter
Zimbabweans not highly taxed - Zimra
The Zimbabwe Revenue Authority (Zimra) says Zimbabweans are not highly taxed as claimed by some sections of society. Most of these taxes compa...Published: 27 Dec 2018 at 08:57hrs | 3071 | by Staff Reporter
Zimbabwe moving towards dollarisation - Economists
Economists have warned government over the continued usage of bond notes as a medium of exchange saying the surrogate currency is at risk of facing re...Published: 25 Dec 2018 at 15:35hrs | 15303 | by Daily News
MPs say 'Yes' to Mthuli Ncube's 2% tax
The 2019 National Budget sailed through the National Assembly on Thursday with legislators adopting the two percent intermediated tax which was one of...Published: 25 Dec 2018 at 08:00hrs | 2235 | by Staff Reporter
IMF backs Mnangagwa's economic plan
The International Monetary Fund (IMF) has been bowled over by President Emmerson Mnangagwa's current economic plan, which has already seen Treasury re...Published: 16 Dec 2018 at 09:56hrs | 2402 | by The Sunday Mail
WATCH: Zimbabwe is the biggest buy in Africa, Mthuli Ncube tells CNN
“For the new #Zimbabwe, we are focused on economic revival for prosperity for Zimbabwe citizens and investors. #Zimbabwe assets are the bigges...Published: 06 Dec 2018 at 00:27hrs | 3738 | by Staff Reporter
Mthuli Ncube's TSP creditor positive and transformative for Zimbabwe economy - Moody's
Moody's ranks Zimbabwe Finance Minister Mthuli Ncube's Transitional Stabilisation Programme (TSP) as creditor positive and transformative for Zimbabwe...Published: 04 Dec 2018 at 20:48hrs | 4986 | by Agencies
More exemptions on Mthuli Ncube's 2% tax
TREASURY has proposed further exemptions to the Intermediated Money Transfer Tax of two cents per dollar transacted following widespread stakeholder c...Published: 28 Nov 2018 at 07:10hrs | 7404 | by Staff Reporter
Zimbabwe the 2019 budget speech
Zimbabwe the 2019 budget speech...Published: 22 Nov 2018 at 15:57hrs | 4610 | by Staff Reporter
Excellent progress on Zimbabwe fiscal budget deficit reduction.
In the month of September 2018, the fiscal budget was balanced and the deficit was almost zeroProfessor Mthuli Ncube, Zimbabwe Minister of Fin...Published: 09 Nov 2018 at 21:46hrs | 4131 | by Ndou Paul
Mthuli Ncube told to decentralise budgetary allocations
The Minister of Finance and Economic Development Professor Mthuli Ncube has been urged to consider decentralising line ministries' budgetary allocatio...Published: 24 Oct 2018 at 14:32hrs | 2340 | by Staff Reporter
Zimbabwe considers debt cancellation
Zimbabwe is considering a request to have its debt with the multilateral lenders, World Bank and International Monetary Fund to be cancelled in order ...Published: 17 Oct 2018 at 14:07hrs | 6086 | by Staff Reporter
Mthuli Ncube says Zimbabwe economy will stabilise, price shocks are transitory
Finance and Economic Development Minister Professor Mthuli Ncube has said the price shocks that were recently experienced by the market are temporary ...Published: 14 Oct 2018 at 08:12hrs | 5346 | by Staff Reporter
Mthuli Ncube secures backing of IMF and World Bank
Today the Zimbabwe government led by the Minister of Finance and Economic Development, Hon. Prof. Mthuli Ncube held a crucial meeting with co-operatin...Published: 10 Oct 2018 at 16:10hrs | 4035 | by Agencies
Govt de-dollarises economy, bond notes bounce back
GOVERNMENT has technically de-dollarised the economy by reintroducing local currency bank accounts, which will be traded in electronic transfers and b...Published: 02 Oct 2018 at 09:28hrs | 8335 | by Staff Reporter
Mthuli Ncube statement on proposed fiscal reforms to bring Zimbabwe finances under control
Minister of Finance Mthuli Ncube Statement on Proposed Fiscal Reforms to bring Zimbabwe finances under control ...Published: 01 Oct 2018 at 16:32hrs | 7738 | by Staff Reporter
Government approves $400m 5-year diamond mining project
The government has approved a US$400 million five year diamond mining project to increase the value of returns in the capital intensive but viable ind...Published: 24 Sep 2018 at 18:21hrs | 2073 | by Staff Reporter
Zimbabwe's future is bright, says Mangudya
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says the economy has performed well under difficult circumstances and the future is bright, p...Published: 16 Sep 2018 at 07:22hrs | 5925 | by Staff Reporter
The impacts of Credit Card Debt on the Economy
Consumer spending is the main driver of economic growth and citizens sometimes borrow to spend. While debt isn't a bad thing, the economy becomes unsu...Published: 11 Sep 2018 at 10:14hrs | 2274 | by Agencies
Zimbabwe requires US$2bn to ease liquidity challenges, says Mangudya
The Reserve Bank of Zimbabwe (RBZ) says Zimbabwe requires about US$2 billion to kick start the economy and ease the current foreign currency challenge...Published: 04 Sep 2018 at 12:49hrs | 3602 | by Staff Reporter
Zimbabwe underestimating its GDP
Zimbabwe's gross domestic product (GDP) reached $17, 85 billion last year, which is an all-time high, according to industry and commerce experts Tradi...Published: 29 Jul 2018 at 10:10hrs | 380 | by Staff reporter
Zimbabwe trade deficit reaches $1,3 billion
ZIMBABWE's trade deficit widened by 30 percent to $1,3 billion in the first six months of the year compared to the same period in 2017, official figur...Published: 16 Jul 2018 at 06:54hrs | 235 | by Staff reporter
'RBZ fumes over return of Zim dollar'
The Reserve Bank of Zimbabwe has expressed disgust over social media reports that it was reintroducing local currency, describing it as false....Published: 04 Jul 2018 at 12:45hrs | 7610 | by Stephen Jakes
US dollar black market rate soars
A crazed pre-election demand for the United States dollar has pushed the black market premium to an all-time high as shortages of foreign exchange fue...Published: 28 Jun 2018 at 16:11hrs | 5749 | by Staff reporter
'Banks to lead economic recovery'
Government is working with the Reserve Bank of Zimbabwe (RBZ) and other relevant bodies to ensure the country's banking sector is in a position to pla...Published: 26 Jun 2018 at 07:04hrs | 354 | by Staff reporter
Year-on-year inflation remains constant at 2.71%
ZIMBABWE's year-on-year inflation remained constant at 2,71 percent in May, official data from the Zimbabwe National Statistics Agency (Zimstat) shows...Published: 19 Jun 2018 at 07:04hrs | 233 | by Staff reporter
Zimbabwe forex receipts up to $2.8bn
Zimbabwe's economy has made a remarkable upswing since the beginning of year, with foreign currency receipts rising to $2,8 billion in the first five ...Published: 10 Jun 2018 at 09:15hrs | 871 | by Staff reporter
Econet Wireless reports $831m topline revenue
ECONET Wireless Zimbabwe has reported impressive $831,6 million top line revenue for the full year ended 28 February 2018, a 34 percent increase from ...Published: 04 Jun 2018 at 06:39hrs | 436 | by Staff Reporter
Government urged to set up financial intelligence unit
THE Government should establish an independent financial intelligence unit, outside the Reserve Bank of Zimbabwe, to guarantee its effectiveness under...Published: 03 Jun 2018 at 09:01hrs | 531 | by Staff Reporter
British govt investment team explores Zimbabwe opportunities
The British government through their Foreign and Commonwealth Office are coming to town on an investment trip, the ...Published: 31 May 2018 at 13:23hrs | 2466 | by Staff reporter
AfDB throws weight behind Zimbabwe
The African Development Bank (AfDB) will work with its partners to see Zimbabwe roar back in a major boost for the economy, which is desperate for for...Published: 27 May 2018 at 09:02hrs | 455 | by Staff Reporter
Zimbabwe courts New York fund managers
The Zimbabwe is open for business mantra has opened economic avenues for the country and to buttress this, the Office of the President and Cabinet (OP...Published: 26 May 2018 at 15:10hrs | 851 | by Staff reporter
Zimbabwe working on new diamond policy
Government has started working on a new diamond policy which will lead to the unbundling of the Zimbabwe Consolidated Diamond Mining Company (ZCDC) to...Published: 21 May 2018 at 07:05hrs | 776 | by Staff reporter
April inflation up by 0.03%
The inflation rate increased slightly by 0,03 percentage points to 2,71% in April, the Zimbabwe National Statistic Agency (Zimstat) has said, although...Published: 16 May 2018 at 06:54hrs | 127 | by Staff reporter
Zimbabwe exports up 46%
ZIMBABWE's exports increased by 46 percent to $329,6 million in the first four months of the year compared to $225,6 million during the comparable per...Published: 15 May 2018 at 07:00hrs | 1227 | by Staff reporter
Zimbabwe to grow at 27% yearly to reach Biti's $100 billion target
MDC Alliance principal and former Finance Minister, Tendai Biti, has repeatedly claimed that, if elected into government, the opposition coalition wou...Published: 08 May 2018 at 18:14hrs | 1360 | by Staff reporter
China writes off Zimbabwe's debt - report
China has reportedly written off Zimbabwe's debt to the Asian giant's institutions, paving the way for more funding to the southern African country wh...Published: 06 Apr 2018 at 12:44hrs | 3860 | by Staff reporter
Africa and the Start-Up economy
Disrupt Africa, an entrepreneurship portal, has just released a new study that shows that the number of Afric...Published: 26 Mar 2018 at 17:38hrs | 3043 | by Agencies
Zimbabwe to clear $1,7 billion debt
Zimbabwe expects to make up for all its debt arrears to major international lenders by September and could return to international capital markets the...Published: 18 Mar 2018 at 08:53hrs | 842 | by Reuters
Cash crisis spurs mobile money growth by 43 percent
Liquidity challenges spurred the growth of mobile money by 43 percent from 2016 to 2017, Postal and Telecommunications Regulatory Authority of Zimbabw...Published: 15 Mar 2018 at 15:49hrs | 371 | by Byo24News Reporter
Money Laundering Bill gazetted
GOVERNMENT has gazetted the Money Laundering and Proceeds of Crime (Amendment) Bill which seeks to strengthen the Financial Intelligence Unit of the R...Published: 10 Mar 2018 at 07:53hrs | 1333 | by Staff Reporter
Zimbabwe reaches out to foreign investors
A HIGH-POWERED Zimbabwean delegation will be off to London next week for a conference, as the investment-starved country moves to lure foreign investo...Published: 07 Mar 2018 at 05:33hrs | 1416 | by Staff reporter
'Restricted products flooding market'
THE Confederation of Zimbabwe Industries (CZI) says restricted products were still finding their way into the country illegally, making the competitio...Published: 06 Mar 2018 at 05:22hrs | 1172 | by Staff reporter
No takers for $15m RBZ tourism facility
The $15 million Tourism Revival Fund facility availed by the Reserve Bank of Zimbabwe to prop up the collapsing industry has been lying idle with the ...Published: 28 Feb 2018 at 05:51hrs | 327 | by Staff reporter
Zimbabwe to mortgage minerals for capital
RESERVE Bank of Zimbabwe governor John Mangudya on Monday told visiting Australian assistant secretary for Africa branch Gita Kamath that the country ...Published: 16 Feb 2018 at 16:27hrs | 995 | by Staff reporter
Annual inflation rate up 3.52%
ZIMBABWE's annual rate of inflation gained 0,6 percentage points in December 2017 to 3,52 percent in January 2018, latest official data shows, partly ...Published: 16 Feb 2018 at 06:08hrs | 222 | by Staff reporter
Jostling for Zimbabwe's economic cake reaches fever heights
Jostling for business venture in the Zimbabwe has reached fever heights as foreign investors descend into the country to have a feel if it is good for...Published: 12 Feb 2018 at 07:33hrs | 3920 | by Stephen Jakes
Mining investment indaba on
ZIMBABWE will this month hold a mining indaba, which will be attended by major mining global players from America, Europe, Asia and Russia as the coun...Published: 11 Feb 2018 at 07:45hrs | 703 | by Staff reporter
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