Columnist / Victor bhoroma
Impact of COVID 19 on Zimbabwean Economy
The outbreak of the novel Corona Virus (COVID-19) poses a significant threat to the world economy and to Zimbabwe's fragile economy too. So far the virus has infected close to 470 000 people from 200 ...Published: 28 Mar 2020 at 10:08hrs | 820 | by Victor Bhoroma
Achieving an efficient interbank market
The Zimbabwean government announced that it was going to introduce a managed floating exchange rate system in order to manage exchange rate volatility. The move is also aimed at bringing transparency ...Published: 24 Mar 2020 at 18:32hrs | 1129 | by Victor Bhoroma
Achieving an efficient interbank market
The Zimbabwean government announced that it was going to introduce a managed floating exchange rate system in order to manage exchange rate volatility. The move is also aimed at bringing transparency ...Published: 24 Mar 2020 at 11:58hrs | 915 | by Victor Bhoroma
Dual Monetary Economy: Organized Chaos
Despite the visible momentum towards full re-dollarization and apparent depreciation of the Zimbabwean Dollar, the Reserve Bank of Zimbabwe (RBZ) declared that de-dollarization is well on course. The ...Published: 16 Mar 2020 at 11:11hrs | 2723 | by Victor Bhoroma
Assessing the latest Monetary Policy Statement
The Reserve Bank of Zimbabwe (RBZ) delivered its first monetary policy statement for 2020 (On 17 of February 2020) with an impetus on stabilizing prices and the exchange rate. The central bank deliver...Published: 03 Mar 2020 at 07:50hrs | 421 | by Victor Bhoroma
PPPs ideal for self-financing infrastructure projects
The state of public infrastructure in Zimbabwe is now deplorable due to several years of neglect and underinvestment. The country's infrastructure gap in railway, roads, energy, sports facilities, bor...Published: 24 Feb 2020 at 13:24hrs | 618 | by Victor Bhoroma
Forex retention thresholds deterring production
The prevailing foreign currency retention thresholds to various sectors of the economy are acting ...Published: 17 Feb 2020 at 13:36hrs | 1229 | by Victor Bhoroma
Zimbabwean economy re-dollarizing rapidly
The recent public notice by the Zimbabwe Revenue Authority (ZIMRA) on the payment of domestic taxes in foreign currency is nothing short of a tacit admission by the government that de-dollarization ha...Published: 04 Feb 2020 at 10:48hrs | 11848 | by Victor Bhoroma
Zimbabwe economy re-dollarising rapidly
The recent public notice by the Zimbabwe Revenue Authority (Zimra) on the payment of domestic taxes in foreign currency is nothing short of a tacit admission by government that de-dollarisation has fa...Published: 31 Jan 2020 at 19:22hrs | 2731 | by Victor Bhoroma
Unrestrained money supply growth sinking Zim Dollar
The Reserve Bank of Zimbabwe (RBZ) is expected to announce the first Monitory Policy Statement of 2020 in the next 30 days. The statement comes after the country's treasury highlighted that the countr...Published: 30 Jan 2020 at 14:52hrs | 2634 | by Victor Bhoroma
Government controls fuelling the black market
Business at the country's parallel (black) market for foreign currency and other commodities has never been as brisk. Billions of dollars in local or foreign currency exchange hands on a daily basis i...Published: 16 Jan 2020 at 09:07hrs | 4672 | by Victor Bhoroma
Energy challenges sinking Zimbabwe's economy
The 2019 survey report by the Zimbabwe National Chamber of Commerce (ZNCC) on the impact of energy challenges on business paints a grim picture of the state of production in the economy. Unrelenting p...Published: 17 Dec 2019 at 07:08hrs | 785 | by Victor Bhoroma
Rebuilding Zimbabwe starts with strong institutions
It is now apparent that Zimbabwe's socio-economic status needs rebuilding and radical reforms if the country is to develop. The economy is set to contract by at least 6.5% in 2019 according to data fr...Published: 09 Dec 2019 at 10:35hrs | 586 | by Victor Bhoroma
What do we expect to see on the online casino market in 2020?
Technology has transformed the gambling industry in the past two decades. The number of online casinos has soared since the early 2000s. Sportsbooks such as Betway offer a variety of online games to p...Published: 04 Dec 2019 at 10:18hrs | 341 | by Victor Bhoroma
Zimbabwe needs commodities exchange markets
The recent revelations by the Zimbabwean government that the country loses over 30 tonnes of Gold (Worth around US$2 billion) to South Africa and other world markets, through smuggling every year are ...Published: 04 Dec 2019 at 10:14hrs | 803 | by Victor Bhoroma
RBZ Autonomy and Quasi-Fiscal Activities
The International Monetary Fund (IMF) has warned the Zimbabwean Government that it needs to give autonomy to its central bank if it is to avert the risk of plunging the economy into hyperinflation aft...Published: 17 Nov 2019 at 18:46hrs | 1144 | by Victor Bhoroma
Zimbabwe de-dollarization & other countries experiences
Zimbabwe suspended its local currency on the 9th of April 2009 and adopted a basket of multiple currencies such as the South African Rand, British Pound, Botswana Pula, Japanese Yen, Euro and the Unit...Published: 01 Nov 2019 at 13:41hrs | 5276 | by Victor Bhoroma
Economy facing new de-industrialization wave
Zimbabwe's hyperinflation and the general economic decline are now posing serious viability challenges for the local industry. This will be a second phase of de-industrialization in a space of 2 decad...Published: 22 Oct 2019 at 21:34hrs | 2285 | by Victor Bhoroma
Unlocking Zimbabwe's dead capital
Agriculture remains central to Zimbabwe' economic revival hopes even though its contribution has declined to less than 12% of Gross Domestic Product (GDP) in 2018. Agriculture has strong backward and ...Published: 14 Oct 2019 at 14:18hrs | 568 | by Victor Bhoroma
Can an undervalued currency boost Zim Exports
The Zimbabwean Dollar was re-introduced on the 24th of June 2019 through the gazetting of Statutory Instrument (SI) 142 of 2019. The law outlawed the use and indexing of multiple currencies for local ...Published: 30 Sep 2019 at 11:16hrs | 1145 | by Victor Bhoroma
Review of the Mid Term Monetary Policy Framework
The Zimbabwean government announced the much awaited Monetary Policy Committee (MPC) on the 10th of September 2019, a few days before the announcement of the mid-term monetary policy. The appointment ...Published: 25 Sep 2019 at 09:14hrs | 1747 | by Victor Bhoroma
Zimbabweans now living in extreme poverty as economy declines
With Zimbabwe's economy all but confirmed to contract by at least 8% in the year 2019, households are feeling the heat as poverty levels surge at alarming levels. Zimbabwe's last recession cycle occur...Published: 14 Sep 2019 at 19:32hrs | 1380 | by Victor Bhoroma
Zim Dollar rates tumbles ahead of monitory policy
The Reserve Bank of Zimbabwe (RBZ) is expected to announce the Mid-Term Monitory Policy statement in the coming days. The market is not anticipating major changes to the country's economic fortunes fr...Published: 10 Sep 2019 at 06:47hrs | 10386 | by Victor Bhoroma
Zimdollar rates tumble ahead of monetary policy
THE Reserve Bank of Zimbabwe (RBZ) is expected to announce the Mid-Term Monitory Policy statement in the coming days.The market is not anticipating major changes to the country's economic fort...Published: 06 Sep 2019 at 07:40hrs | 2725 | by Victor Bhoroma
Reviewing Zimbabwe's austerity reforms
Zimbabwe launched its austerity measures under the Transitional Stabilization Programme (TSP) in October 2018. The stabilization programme itself is running from October 2018 to December 2020. Austeri...Published: 02 Sep 2019 at 09:37hrs | 3381 | by Victor Bhoroma
Revisiting the power situation
The Zimbabwe Electricity Supply Authority (ZESA) started receiving electricity imports totaling 400MW from Eskom of South Africa on the 9th of August 2019. The imports came as a relief to the Zi...Published: 26 Aug 2019 at 08:53hrs | 2131 | by Victor Bhoroma
Fully utilizing ZIDA to promote economic growth
The Zimbabwe Investment and Development Agency (ZIDA) Bill was gazetted on the 5th of April 2019. The purpose of the bill is to establish a single focal point that facilitates entry and implementation...Published: 09 Aug 2019 at 21:46hrs | 519 | by Victor Bhoroma
Policy inconsistency hurting economy
The Reserve Bank of Zimbabwe (RBZ) reintroduced the Zimbabwean Dollar and outlawed the use of multicurrencies on the local market on the 24th of June 2019, despite widespread concerns on burning the m...Published: 05 Aug 2019 at 09:12hrs | 2046 | by Victor Bhoroma
Zimbabwe economy needs free-market policies to grow
The introduction of the foreign exchange interbank market by the Reserve Bank of Zimbabwe (RBZ) in February 2019 was a major milestone towards free market economics. Even though there are fears of gov...Published: 28 Jul 2019 at 17:59hrs | 590 | by Victor Bhoroma
The reality of stagflation in Zimbabwe
The current fiscal year is turning out to be a challenging year for the Zimbabwean economy. The country is experiencing all the features of economic decline from a recession, high unemployment rate, d...Published: 20 Jul 2019 at 19:31hrs | 2543 | by Victor Bhoroma
Lessons from Singapore on economic development
Singapore is a tiny island-city state in Southeast Asia with a total area of 718km2 (543 times smaller than Zimbabwe) and part of the four Asian Tigers (Others include Hong Kong, Taiwan and South Kore...Published: 15 Jul 2019 at 09:56hrs | 1351 | by Victor Bhoroma
Revisiting the Beitbridge-Harare highway
The state of the Beitbridge-Harare (A4) Highway is now a cause for concern as the number of human fatalities grows by each day due to deadly accidents in the narrow strip that links Zimbabwe and South...Published: 06 Jul 2019 at 08:06hrs | 2244 | by Victor Bhoroma
Recession, Zim Dollar return and Economic Outlook
As the country enters the last half of the year and warms up to the re-introduction of the Zimbabwean Dollar, it is now evident that the economy is swiftly sliding into a recession. In 2018, the econo...Published: 01 Jul 2019 at 12:20hrs | 5279 | by Victor Bhoroma
Smuggling: the new corruption frontier in Zimbabwe
As the Zimbabwean economy rapidly slides into hyperinflation induced recession, the levels of smuggling at the country's border posts has reached alarming levels. Cross border traders, foreign nationa...Published: 24 Jun 2019 at 20:27hrs | 3778 | by Victor Bhoroma
Zimbabwe's currency reforms dilemma
The Zimbabwean government has indicated that the country will be launching a new currency before the end of 2019. The announcement has caused some confusion amongst businesses and the transacting publ...Published: 17 Jun 2019 at 18:01hrs | 2264 | by Victor Bhoroma
A case for subsidies in the mining sector
Zimbabwe racked in US$3.2 billion from mineral exports in 2018, a figure which represents 76% of the country's official total export earnings. This year the government has set the target at US$4.2 bil...Published: 11 Jun 2019 at 09:35hrs | 801 | by Victor Bhoroma
Zimbabwe now in de-facto dollarization
The persistent price volatility in the economy has left producers and retailers in Zimbabwe with very limited options apart from indexing their products in the US Dollar or pegging their RTGS prices u...Published: 02 Jun 2019 at 21:06hrs | 2638 | by Victor Bhoroma
Zimbabwe now in defacto dollarisation
THE persistent price volatility in the economy has left producers and retailers in Zimbabwe with very limited options apart from indexing their products in the US dollar or pegging their Real-Time Gro...Published: 31 May 2019 at 08:08hrs | 2978 | by Victor Bhoroma
Achieving self-sufficiency in electricity generation in Zimbabwe
As Zimbabwe enters its third week of electricity blackouts under the national load shedding programme announced by the country's power utility, Zimbabwe Electricity Supply Authority (ZESA). The experi...Published: 27 May 2019 at 12:21hrs | 1024 | by Victor Bhoroma
Zimbabwe should fully liberalize the petroleum industry
It has become apparent that the Zimbabwean government is failing to sustain its fuel subsidy in the economy due to foreign currency shortages. The rationale for such a subsidy has been to bring price ...Published: 18 May 2019 at 18:23hrs | 587 | by Victor Bhoroma
Import substitution: best remedy to high import bill
Zimbabwe imported goods worth $6.85 Billion in 2018, a 38% increase from 2017. That import figure can go up by 30% if smuggled merchandise and under declared imports at the country's border posts are ...Published: 12 May 2019 at 23:15hrs | 476 | by Victor Bhoroma
The nexus between confidence and economic growth
A change in the Zimbabwean government in November 2017 was somewhat a confidence booster in the economy as the new administration announced business oriented policies and went on an overdrive to re-en...Published: 29 Apr 2019 at 08:45hrs | 810 | by Victor Bhoroma
Can Zimbabwe manage to de-dollarize
The Zimbabwean government has indicated that a local currency will be introduced in the next 12 months in a move widely believed to be a precursor to joining the Common Monitory Area (CMA), also refer...Published: 23 Apr 2019 at 15:18hrs | 6259 | by Victor Bhoroma
Can Zimbabwe manage to de-dollarise?
THE Zimbabwean government has indicated that a local currency will be introduced in the next 12 months in a move widely believed to be a precursor to joining the Common Monetary Area (CMA), also refer...Published: 19 Apr 2019 at 11:08hrs | 774 | by Victor Bhoroma
Massive retrenchments loom as Zimbabwe economy slows down
HUNDREDS of formal jobs are on the line in the economy as various businesses grapple with the realities of hyperinflation and exchange rate-induced losses. The market has witnessed massive price hikes...Published: 12 Apr 2019 at 09:14hrs | 4286 | by Victor Bhoroma
Export incentives - Good Call on managing the trade deficit
The Reserve Bank of Zimbabwe (RBZ) introduced the Export Incentive Policy in September 2016 at 5% of Gross Export Receipts in order to improve production of minerals and tobacco. The policy was widene...Published: 01 Apr 2019 at 09:28hrs | 878 | by Victor Bhoroma
Removal of the Indigenization policy: Good Riddance
The announcement by the Zimbabwean government that it will scrap the Indigenization and Empowerment policy for all investments into the country comes as a welcome development for domestic and foreign ...Published: 25 Mar 2019 at 13:04hrs | 3002 | by Victor Bhoroma
Revisiting the ZUPCO urban transportation model
The re-introduction of ZUPCO buses to ply urban routes in the aftermath of January fuel protests was a welcome move for most urban commuters. This is largely because commuter omnibus operators had tak...Published: 19 Mar 2019 at 13:58hrs | 3617 | by Victor Bhoroma
Billions missed through raw tobacco exports
Zimbabwe prepares for the opening of the 2019 Tobacco Marketing season set to start on the 21st of March, the local market is hyped up in anticipation. In 2018, Zimbabwe produced an all-time high of 2...Published: 10 Mar 2019 at 07:10hrs | 772 | by Victor Bhoroma
Exploring joint ventures for Special Economic Zones
The Zimbabwean government has designated various tracts of land as Special Economic Zones (SEZ) in a noble production oriented policy which requires follow through. The Special Economic Zones Act (Cha...Published: 04 Mar 2019 at 10:15hrs | 931 | by Victor Bhoroma
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