Columnist / Victor bhoroma
Short term risks for Zim economy
The Zimbabwean economy is expected to register modest growth this year after 2 years of successive decline when currency changes, high inflation, extreme weather conditions and COVID-19 downturn wreck...Published: 03 Jun 2021 at 20:26hrs | 692 | by Victor Bhoroma
2021 Mid-Term Budget Expectations
Zimbabwe's mid-term budget for 2021 is expected to be presented in the beginning of July amid encouraging signs of economic recovery in the last 12 months. The country is undergoing a period of relati...Published: 03 Jun 2021 at 20:21hrs | 689 | by Victor Bhoroma
Privatization plans off rails
In November 2018, the Zimbabwean government set out a privatization plan to dispose completely and partially privatize over 23 state entities and parastatals (SEPs). According to the Auditor General R...Published: 07 May 2021 at 15:41hrs | 1121 | by Victor Bhoroma
Excessive taxation driving fuel prices up
On the 5th of April, the Zimbabwe Energy Regulatory Authority (ZERA) announced new pump price ceilings for fuel on the local market. The maximum pump price for Diesel is now ZW$111.77 per litre, up fr...Published: 19 Apr 2021 at 09:09hrs | 1346 | by Victor Bhoroma
Unresolved economic issues for 2021
The Zimbabwean economy has experienced a period of relative stability since October 2020, even though multiple reforms have to be implemented to attain sustained economic growth. To a larger extent th...Published: 19 Apr 2021 at 09:05hrs | 655 | by Victor Bhoroma
Central bank and monetary policy independence
The government of Zimbabwe recently dissolved the inaugural Monetary Policy Committee (MPC) that had been appointed in September 2019 and swiftly appointed a new team to fill up the void. The committe...Published: 09 Mar 2021 at 22:34hrs | 492 | by Victor Bhoroma
Taming high inflation, economic priority
Despite the significant fall in annual inflation from 363% (In January) to 322% for the month of February 2021, prices for goods and services in the economy continue to increase marginally in every mo...Published: 09 Mar 2021 at 22:31hrs | 317 | by Victor Bhoroma
Road infrastructure decay needs policy change
The pace of Zimbabwe's road infrastructure decay has reached alarming levels which call for a policy change by the government. The country's major highways and urban roads have become a living hazard ...Published: 16 Feb 2021 at 14:34hrs | 760 | by Victor Bhoroma
Proudly made in Zimbabwe
The advent of globalization has demonstrated that each country has expertise in a certain trade and there are commodities that resonate with certain countries more than others. It is often argued that...Published: 02 Feb 2021 at 00:25hrs | 2206 | by Victor Bhoroma
Poor grain production hurting Zimbabwe economy
Zimbabwe has been a net importer of food for the past 2 decades and the country's import bill has increasingly featured grain imports with maize imports averaging 1.1 million Metric Tonnes (MT) per ye...Published: 25 Jan 2021 at 13:18hrs | 529 | by Victor Bhoroma
Exchange control regulations and export growth
The monetary policy committee for the Reserve Bank of Zimbabwe (RBZ) issued a circular with changes to export surrender requirements on the 7th of January 2021. The changes include immediately removin...Published: 20 Jan 2021 at 06:30hrs | 122 | by Victor Bhoroma
Zimbabwe's economic outlook for 2021
Zimbabwe's economy ended the year 2020 on a fairly stable note due to the return of the multi-currency regime and decline in general inflation levels in the market. Headwinds caused by incessant power...Published: 08 Jan 2021 at 21:02hrs | 1365 | by Victor Bhoroma
The soft peg and local economic stability
Zimbabwe introduced the Dutch inspired foreign exchange auction system on the 23th of June to replace the fixed exchange rate (hard peg) of US$1: ZW$25 that had been in existence since 26 March 2020. ...Published: 08 Jan 2021 at 20:58hrs | 523 | by Victor Bhoroma
Economic growth stimulus precedes taxation
Zimbabwe's 2021 national budget paints a picture of sustained austerity in the mid-term, with increases in taxes for various sectors of the depressed economy. A 126% jump in budgeted tax revenue colle...Published: 22 Dec 2020 at 19:28hrs | 381 | by Victor Bhoroma
2021 National Budget: The Good & the Bad
Zimbabwe's 2021 national budget set a taxing agenda with a 126% jump in budgeted revenues from ZW$173 billion (About US$2.12 billion) anticipated in 2020 to ZW$391.8 billion (US$4.8 billion) budgeted ...Published: 14 Dec 2020 at 13:54hrs | 394 | by Victor Bhoroma
Sector priorities for NDS implementation
Zimbabwe launched its new 5 year economic blueprint called the National Development Strategy (NDS-1) on 16 November 2020. The new plan succeeds the Transitional Stabilization Programme (TSP) that ends...Published: 01 Dec 2020 at 09:17hrs | 777 | by Victor Bhoroma
Reviving the rural economy in Zimbabwe
Zimbabwe's rural economy plays a significant role in national food production, in alleviating extreme poverty and in the attainment of Sustainable Development Goals (SDGs). The Zimbabwe National Stati...Published: 17 Nov 2020 at 12:37hrs | 2684 | by Victor Bhoroma
Coronavirus - Zimbabwe: COVID-19 Update (2 November 2020)
Zimbabwe had 8 389 confirmed cases, including 7 939 recoveries and 245 deaths....Published: 03 Nov 2020 at 15:27hrs | 1590 | by Victor Bhoroma
Partial dollarization to induce economic stability
The Zimbabwean economy has vaulted back to the multi-currency regime that prevailed between 2009 and 2018 with the US Dollar transactions gradually growing in the formal market while dominating trade ...Published: 03 Nov 2020 at 14:25hrs | 3261 | by Victor Bhoroma
From desert to business hub_Dubai economic story
Dubai is the capital city of the Emirate of Dubai, which in itself is one of the seven emirates (states) that form the United Arab Emirates (UAE). The emirates are former British colonies which got in...Published: 20 Oct 2020 at 14:01hrs | 2371 | by Victor Bhoroma
Slow pace of reforms derailed TSP
The Zimbabwean government recently announced the conclusion of the 2 year Transitional Stabilization Programme (TSP) which will be replaced by the first five year National Development Plan (NDP). TSP ...Published: 11 Oct 2020 at 10:00hrs | 92 | by Victor Bhoroma
Zimbabwe's business climate can improve
As the Zimbabwe Stock Exchange (ZSE) puts final touches on the infrastructure needed for operations of the Victoria Falls Securities Exchange (VFEX), investors await to see if their major concerns on ...Published: 11 Oct 2020 at 09:57hrs | 183 | by Victor Bhoroma
Key pieces to Zimbabwe's $12 billion mining industry
In October 2019, the Zimbabwean government tabled an ambitious policy document that aims to turn the mining sector in the country into a US$12 billion industry by 2023. Achieving that export target wi...Published: 11 Oct 2020 at 09:54hrs | 252 | by Victor Bhoroma
Slow pace of reforms derailed TSP
The Zimbabwean government recently announced the conclusion of the 2 year Transitional Stabilization Programme (TSP) which will be replaced by the first five year National Development Plan (NDP). TSP ...Published: 10 Oct 2020 at 12:04hrs | 919 | by Victor Bhoroma
Rushed Zim Dollar introduction cost the economy
The Zimbabwean government recently gazetted the Finance Bill (H.B.4 of 2020) which validates the fiscal changes that were tabled in the Mid-Term budget review in July 2020. The Bill amends the Gains T...Published: 22 Sep 2020 at 18:17hrs | 1314 | by Victor Bhoroma
Policy implementation key in reindustrializing economy
The re-industrialization of the economy is a vital piece in the achievement of Zimbabwe's sustainable economic development goals and effective participation in the Africa Continental Free Trade Area (...Published: 05 Sep 2020 at 16:15hrs | 496 | by Victor Bhoroma
Zimbabwe urgently needs PPP regulation
The state of public infrastructure in Zimbabwe has never been as dire as it is now. Years of underinvestment in the railway network, highways and roads, energy generation plants, sports facilities, bo...Published: 22 Aug 2020 at 20:12hrs | 1170 | by Victor Bhoroma
Why de-dollarization is an economic tall order
As the Zimbabwean economy regresses back to widespread use of multiple currencies that anchored economic stability from 2009 to 2018, it is worthy assessing why de-dollarization is a tall order for mo...Published: 22 Aug 2020 at 20:07hrs | 1595 | by Victor Bhoroma
Corporate Governance and State Entities Decay in Zimbabwe
The unfolding corporate governance scandal at Zimbabwe Electricity Supply Authority (ZESA) provides a hint of how the country's State Entities and Parastatals (SEPs) have been run down over the years....Published: 07 Aug 2020 at 22:11hrs | 1249 | by Victor Bhoroma
Analysis of Dual Pricing Policy (SI 185 of 2020)
The Zimbabwean government gazetted Statutory Instrument (SI) 185 of 2020 on the 24th of July 2020. The latest regulation compels sellers of various goods and services to display, quote and offer price...Published: 03 Aug 2020 at 17:05hrs | 3890 | by Victor Bhoroma
2020 Mid Term Budget Hits and Misses
The 2020 mid-term budget and economic review was delivered amid high inflation levels and declining economic productivity that has been worsened by the Corona Virus pandemic. The Zimbabwean economy is...Published: 27 Jul 2020 at 20:38hrs | 1158 | by Victor Bhoroma
Key aspects sinking the Zimbabwean Dollar
The Zimbabwean economy is rapidly re-dollarizing, less than 12 months after the government banned the trading of multiple currencies through Statutory Instrument 142 of 2019 and introduced a local cur...Published: 19 Jul 2020 at 07:03hrs | 3366 | by Victor Bhoroma
Assault on property rights closes Zimbabwe for business
The government directive to suspend the Zimbabwe Stock Exchange (ZSE) operations on the 26th of June 2020 and the recent political threats to eject Old Mutual Zimbabwe, PPC and SeedCo International fr...Published: 19 Jul 2020 at 07:00hrs | 1368 | by Victor Bhoroma
Key concerns on the Forex auction system
The Reserve bank of Zimbabwe (RBZ) is cautiously yielding to free market demands for the complete liberalization of the foreign exchange market and scrapping of various consumption subsidies that were...Published: 30 Jun 2020 at 08:15hrs | 5173 | by Victor Bhoroma
Fixed Exchange Rate: More harm than good
The Reserve Bank of Zimbabwe suspended the new managed floating exchange rate and introduced the fixed exchange rate of 1 US Dollar to 25 Zimbabwean Dollars on the 26th of March 2020. Two weeks earlie...Published: 25 May 2020 at 13:24hrs | 1767 | by Victor Bhoroma
Vic Falls foreign exchange: A potential game Changer
The Zimbabwean government announced that it will soon launch the Victoria Falls Securities Exchange (VFEX) as part of a broader plan to turn the renowned resort town into an offshore International Fin...Published: 20 May 2020 at 20:51hrs | 2438 | by Victor Bhoroma
Vic Falls foreign exchange: A potential game Changer
The Zimbabwean government announced that it will soon launch the Victoria Falls Securities Exchange (VFEX) as part of a broader plan to turn the renowned resort town into an offshore International Fin...Published: 20 May 2020 at 14:39hrs | 2963 | by Victor Bhoroma
Price controls, a clear path to market shortages
The Zimbabwean government passed a price moratorium (prize freeze) on the 22nd of April 2020. The moratorium compels retailers and producers to revert back to the prices that prevailed on the 25th of ...Published: 05 May 2020 at 08:09hrs | 899 | by Victor Bhoroma
Economic decline, COVID-19 and the vulnerable labour
The International Labour Organization (ILO) has warned that the rapidly intensifying economic impact of COVID-19 could be far worse than the 2008-9 financial crisis and will result in job cuts of near...Published: 26 Apr 2020 at 08:25hrs | 371 | by Victor Bhoroma
Zimbabwe records a budget surplus, But
Zimbabwe recorded its first fiscal surplus since 2011 as a result of significant contributions from Intermediate Monetary Transfer (IMT) Tax, subdued investment on capital expenditure and civil servic...Published: 26 Apr 2020 at 08:23hrs | 728 | by Victor Bhoroma
Free funds & tacit Re-Dollarization of the economy
The Zimbabwean government has made another tacit admission on losing the de-dollarization war to the market by gazetting Statutory Instrument (SI) 85 of 2020 which allows citizens to use foreign curre...Published: 10 Apr 2020 at 10:02hrs | 2035 | by 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 | 1022 | 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 | 1149 | 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 | 927 | 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 | 2751 | 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 | 430 | 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 | 639 | 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 | 1246 | 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 | 11892 | 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 | 2737 | by Victor Bhoroma
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