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Zimbabwe exporters sound alarm over tough new forex rules
Zimbabwean exporters are facing fresh turbulence following the government's move to tighten foreign currency controls - scrapping critical export incentives and enforcing tougher surrender requirement...Published: 05 Jun 2025 at 11:34hrs | 2968 | by Staff reporter
Refineries under threat as RBZ gulps more forex
Zimbabwe's biggest mining companies have sounded alarm bells over the potential suspension of crucial expansion projects - including refineries valued at over US$432 million - following the Reserve Ba...Published: 30 May 2025 at 12:18hrs | 653 | by Staff reporter
Mthuli Ncube's budget is anti-people, anti-business and anti-Zimbabwe
Citizens Coalition for Change Statement on 2025 budget statement The recent national budget proposal exposes the Zanu-PF government's obnoxious penchant to compulsorily expropriate people's mo...Published: 30 Nov 2024 at 13:28hrs | 87 | by Willias Madzimure
Bulawayo leads other provinces in Zimbabwe on the export market
Zimbabwe's second-largest city, is leading the country in export volumes, but there is a growing need for more export incentives to help the city unlock its full potential, according to industry exper...Published: 20 Sep 2024 at 11:54hrs | 4350 | by Staff reporter
Assessing the US$12 billion mining industry target
The Zimbabwean government launched an ambitious plan to transform the mining sector into a US$12 billion export industry by end of 2023. The plan was launched in October 2019 as a key pillar to sustai...Published: 11 Aug 2022 at 12:01hrs | 6 | by Victor Bhoroma
Key expectations from upcoming monetary policy
The Reserve Bank of Zimbabwe (RBZ) is expected to present the first monetary policy statement of 2022 within the next 30 days amid rising inflationary pressures. The monetary policy comes after the de...Published: 19 Jan 2022 at 11:52hrs | 1 | by Victor Bhoroma
Gold deliveries slump
Fidelity Printers and Refiners (FPR) is worried about the decline in gold deliveries over the years owing to a number of factors and the firm is working on a cocktail of measures to address the challe...Published: 19 Aug 2021 at 16:35hrs | 1 | by Staff reporter
Zimbabwe's endless currency circus and cycle
When it comes to currency management in Zimbabwe there is always déjà vu which is a result of repeated fallible prescriptions. It's a circus where the actors enjoy their never-ending play with the a...Published: 14 Jun 2019 at 11:46hrs | 3 | by Ngonidzaishe Makaha and Adrian Mapiye
Mystery of Zimbabwe's forex market
"Zimbabwe's tobacco sales have reached a record high of 237,1 million kg with a week to go before the selling season ends, official data showed" - Reuters (July 23 2018)."Gold deliveries to Fi...Published: 03 May 2019 at 20:48hrs | 14 | by Chigogwana, Sikhosana and Mashozhera
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 | | by Victor Bhoroma
Zimbabwe manufacturing sector exports up by 54%
ZIMBABWE'S manufacturing sector exports went up by 54% to US$222,6 million in 2018, buoyed by the export incentive introduced by the Reserve Bank of Zimbabwe in 2016, Industry and Commerce minister Nq...Published: 12 Mar 2019 at 06:01hrs | 1 | by Staff reporter
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 | 11 | by Victor Bhoroma
Mangudya turn tables on Biti
Reserve Bank of Zimbabwe Governor, Dr John Mangudya, yesterday exposed former Finance Minister Tendai Biti's hypocrisy after the former Cabinet minister accused Treasury of failing to seek Parliamenta...Published: 05 Mar 2019 at 07:13hrs | 1 | by Staff reporter
Panonetsa Mangudya humbles Biti
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday exposed former Finance Minister Tendai Biti's hypocrisy after the former Cabinet minister accused Treasury of failing to seek Parliam...Published: 05 Mar 2019 at 07:10hrs | | by Staff reporter
All eyes on Mangudya
THE governor of the Reserve Bank of Zimbabwe (RBZ) Dr John Mangudya will tomorrow (Wednesday) release the long-awaited Monetary Policy Statement (MPS). And on Friday, Mangudya will meet various stakeh...Published: 19 Feb 2019 at 17:09hrs | 1 | by Staff reporter
RioZim halts operations again as RBZ defaults on forex payment
One of the country's leading gold producers, RioZim, has yet again stopped operations at three of its mines - Cam and Motor, Dalny and Renco - citing non-payment by the Reserve Bank of Zimbabwe (RBZ) ...Published: 10 Feb 2019 at 06:16hrs | | by Staff reporter
Imports push fridge makers to the edge
THE local refrigerator-manufacturing industry needs protection from imports as it is now cheaper to import than manufacture, a leading player, Capri, has said.The fridge maker, which ceased op...Published: 19 Jan 2019 at 10:46hrs | | by Staff reporter
Zimbabwe's 2018 gold deliveries break record
Zimbabwe's gold deliveries to Fidelity Printers and Refiners reached 33.2 tonnes in 2018 worth over $1 billion in export receipts, the highest ever since 1980 as the country starts rebuilding reserves...Published: 04 Jan 2019 at 19:38hrs | | by Staff reporter
A review of Zimbabwe's trade performance in 2018
ZIMBABWE's exports have been on a steady growth path throughout the year but imports rose at a much even faster pace. In this piece, NewsDay's Mthandazo Nyoni looks at how the country has fared in the...Published: 01 Jan 2019 at 11:14hrs | 3 | by Staff reporter
Zimbabwe's economic recovery plan (Zim Plan)
Stagflation is caused by the simultaneous occurrence of economic stagnation and inflation. This state of economic affairs within a country is characterised by the twin evils of economics, that is to s...Published: 28 Dec 2018 at 18:35hrs | 4 | by Colls Ndlovu, economist
Supply side intervention key for Zimbabwean Industries
The local industry has been operating below par in the last 20 years. Various policies by the government have failed to reindustrialize the economy with the sector's contribution to GDP falling below ...Published: 01 Dec 2018 at 10:22hrs | 1 | by Victor Bhoroma
Zimbabwe's US$800m forex reserve gap
Zimbabwe requires a foreign currency cover of US$1 billion, against current reserves of US$200 million and needs to further increase production to narrow the gap, an official has said.Ms Jesim...Published: 30 Sep 2018 at 07:23hrs | 1 | by Staff reporter
Mthuli Ncube faces tough choices
Professor Mthuli Ncube, the new Finance and Economic Development Minister, is a nice man who would not want to ruffle any feathers. But he must be prepared to be branded an enemy by certain individual...Published: 21 Sep 2018 at 06:43hrs | 6 | by Lovemore Chikova
RBZ stops issuing $s to banks
THE Reserve Bank of Zimbabwe has temporarily stopped giving US dollars to banks for withdrawal by individuals, as the latter are said to be at the centre of black market currency dealings.The ...Published: 01 Jul 2018 at 08:05hrs | 2 | by Staff reporter
The tale of a jewel and a giant: Facts about revival of Zimbabwe's economy
The Country, Nation and Our WorldMany have talked, written and caricatured Zimbabwe as a country of educated but inept leaders. A country once a jewel of Africa brought down by corruption, greed a...Published: 19 Jun 2018 at 17:35hrs | | by Vincent Gwarazimba
Zimbabwe launches motor industry policy
Government has launched the Zimbabwe Motor Industry Development Policy (ZMIDP) that is expected to see the sector ramping up capacity from the current levels of under 10 percent to full capacity by 20...Published: 14 Jun 2018 at 07:13hrs | | by Staff reporter
Trade deficit hits $1 billion
The country is battling for solutions to address trade deficit, which hit $1 billion in the first four months of the year, Reserve Bank of Zimbabwe Governor Dr John Mangudya has said.Dr Mangud...Published: 29 May 2018 at 06:56hrs | | by Staff reporter
Tobacco now under Command Agriculture
The 2018 tobacco season started yesterday with Acting President Retired General Constantino Chiwenga indicating that tobacco will now be covered under the Command Agriculture Programme."I am e...Published: 22 Mar 2018 at 05:49hrs | | by Staff reporter
Mangudya hails bond notes
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says bond notes have been successful since they have helped companies to increase both production and exports.Dr Mangudya said this whe...Published: 14 Mar 2018 at 05:42hrs | 1 | by Staff reporter
Mangudya refuses to resign, says 'Bond notes have been successful'
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says bond notes have been successful since they have helped companies to increase both production and exports.Dr Mangudya said this whe...Published: 13 Mar 2018 at 05:45hrs | | by Staff reporter
Zimbabwe's pricing dilemma
Zimbabwe's quest for economic competitiveness and new business is very much connected to market pricing of goods and services. Competitive prices incentivize suppliers through healthy profit margins w...Published: 23 Feb 2018 at 13:33hrs | 1 | by Victor Bhoroma
Bata calls on RBZ to hike incentive
ZIMBABWE's largest shoe manufacturer, Bata Shoe Company, has called on the Reserve Bank of Zimbabwe (RBZ) to increase the export incentive to 15 percent to boost exports by local companies.The...Published: 13 Feb 2018 at 05:32hrs | | by Staff reporter
RBZ increases gold support facility
Buoyed by sterling performance of the gold sector last year, the Reserve Bank of Zimbabwe (RBZ) has increased the gold support facility to $150 million from $74 million that had been disbursed by Dece...Published: 12 Feb 2018 at 05:40hrs | | by Staff reporter
'Mangudya failed to put cap on RTGS balances'
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya's measures announced in his monetary policy statement last week fell short of capping the Real Time Gross Settlement (RTGS) balances with analysts...Published: 11 Feb 2018 at 07:21hrs | | by Staff reporter
Masuku raps Chinamasa over devolution
Nketa Emganwini Member of Parliament, Phelela Masuku has slammed Finance minister Patrick Chinamasa for developing cold feet in the implementation of devolution of power.He said Chinamasa, who...Published: 18 Jan 2018 at 07:44hrs | 1 | by Staff reporter
'Measures being taken to address cash shortages'
FINANCE and Economic Development Minister Patrick Chinamasa has said Government is working on a raft of measures aimed at improving the availability of cash in the country's banking system.Pre...Published: 08 Dec 2017 at 05:20hrs | | by Staff reporter
Feel it, economic turmoil is here
IT happened so fast; so fast that no one can honestly claim they saw it coming.Just between Thursday and Friday the impact was everywhere.Shops felt it.The transacting public w...Published: 27 Sep 2017 at 06:27hrs | | by Learnmore Zuze
New 'bond notes' facility on the cards - Mangudya
THE Reserve Bank of Zimbabwe is on the verge of securing $500 million from international lending institutions which will cover for the country's immediate needs during the foreign currency dry season ...Published: 16 Jul 2017 at 10:58hrs | | by Staff Reporter
Externalization blamed for cash shortages
THE Reserve Bank of Zimbabwe (RBZ) Deputy Governor, Dr Kupukile Mlambo has said even if $200 million was injected into the economy that would not solve cash shortages due to externalization."Z...Published: 19 May 2017 at 04:16hrs | | by Staff Reporter
The Rise and Fall of the Bond Note- Mashakada
MDC-T deputy secretary general Tapiwa Mashakada has lamented the rise and fall of the new Zimbabwean currency Bond Notes and Coins a development which has further crumbled the country's economic situa...Published: 03 May 2017 at 06:43hrs | 1 | by Stephen Jakes
Windfall for farmers, miners
SEVERAL farmers and miners have benefitted from the Reserve Bank of Zimbabwe (RBZ) export incentive scheme, with indications that the exporters have since had various amounts deposited into their ...Published: 15 Jan 2017 at 07:51hrs | | by Staff reporter
Bond notes hold ground
BOND notes, which were introduced by the Reserve Bank of Zimbabwe (RBZ) in November to fund export incentives meant to boost domestic production, have so far defied predictions of creating a catastrop...Published: 12 Jan 2017 at 06:41hrs | 1 | by Staff reporter
Zimbabwe companies face closure
A payments gridlock within the banking sector threatens to ground the economy, already troubled by a liquidity crunch and an emerging foreign currency crisis, industry players warned this week....Published: 15 Dec 2016 at 05:39hrs | | by Staff reporter
Fuel service stations reject plastic money, bond notes
SOME service stations in Bulawayo have stopped accepting plastic money and bond notes from motorists when buying fuel.In light of the current cash shortages, the Reserve Bank of Zimbabwe (...Published: 01 Dec 2016 at 04:44hrs | 1 | by Staff reporter
Court clears bond notes
Judge President George Chiweshe has dismissed with costs an application by a Harare businessman challenging the legality of Statutory Instrument 133/2016 that backed the release of #bondnotes into...Published: 29 Nov 2016 at 08:03hrs | | by Staff reporter
Bond note court challenge judgment reserved
The High Court reserved judgment on Tuesday in a case in which Harare businessman Mr Frederick Mutanda was challenging the planned introduction of bond notes arguing that the move by the Reserve B...Published: 23 Nov 2016 at 23:06hrs | | by Staff reporter
Bond notes dilemma
Next week which is the end of November, bond notes will start circulating in the financial system as legal tender provided Parliament passes the legislation this week. Bond notes were conceived as a p...Published: 23 Nov 2016 at 14:41hrs | | by Dr Tapiwa Mashakada MDC-T Shadow Minister of Finance
Bond notes out next week
THE Reserve Bank of Zimbabwe will by next week have injected US$75 million in bond notes upon completion of finer security features and national public awareness campaigns of the new legal tenders...Published: 20 Nov 2016 at 12:40hrs | | by Staff reporter
The reality about bond papers coming in notes!
The Reserve Bank of Zimbabwe say 'Bond notes are not a surrogate Zimbabwe Dollar for they are not currency but a financial instrument issued at par with the US$. Bond notes will operate in the same ma...Published: 14 Nov 2016 at 16:18hrs | | by Munya Mugari
Bond Notes Controversy and the Chinamasa Reforms
In the Mid-term fiscal policy review of 2016, the Finance Minister Patrick Chinamasa proposed to cut 25 000 jobs by December 2017 and said it would save $155 million annually; freeze Civil Servants bo...Published: 01 Oct 2016 at 13:57hrs | | by Blessing Machiva
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