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RBZ exempts transactions less than US$10 from bank charges
Starting from 1 September 2024, the Reserve Bank of Zimbabwe (RBZ) will exempt electronic transactions under US$10 (or the ZiG equivalent) from bank charges. This move aims to encourage the use of ele...Published: 31 Aug 2024 at 11:13hrs | 135 | by Staff reporter
Zimbabwe seeks high-net-worth partners for startups fund
Deputy Finance, Economic Development, and Investment Promotion Minister David Mnangagwa has announced that the Treasury is seeking strategic alliances with high-net-worth individuals to operationalize...Published: 05 Aug 2024 at 07:09hrs | 117 | by Staff reporter
Ministry of SMEs holds the key to Zimbabwe's Growth
The Monetary Policy statement and other documents indicate that Micro, Small, and Medium Enterprises (MSMEs) contribute a significant 60% to Zimbabwe's gross domestic product (GDP). This news highligh...Published: 13 Apr 2024 at 17:37hrs | 9 | by Mandla Ndlovu
Kenyan acquitted of illegal possession of bullet
A KENYAN national has been acquitted of illegal possession of ammunition without a firearm certificate following her arrest at the Victoria Falls International Airport over the weekend.Lucy Ka...Published: 08 Mar 2024 at 05:07hrs | | by Staff reporter
Foreigners 'invade' retail space reserved for Zimbabweans
ZIMBABWEAN authorities have been allocating retail licenses to foreigners in contravention of the law, investigations have established.Retail space in the capital Harare is now dominated by In...Published: 03 Jul 2023 at 07:02hrs | 1 | by Staff reporter
Reserve Bank of Zimbabwe slashes policy rate
THE Reserve Bank of Zimbabwe (RBZ) yesterday slashed its policy rate further to 140%. The policy rate had been pegged at 150% at the beginning of the year, from 200% before.Analysts said the m...Published: 31 Mar 2023 at 17:55hrs | | by Staff reporter
Zimdollar haunted by trust issues
Zimbabweans across the country continue to lose trust in the local currency due to the rapid loss of value, meaning it cannot serve as the store of value and medium of exchange.According to th...Published: 12 Feb 2023 at 07:20hrs | 1 | by Staff reporter
Reserve Bank slashes lending rates, increases forex retention
THE Reserve Bank of Zimbabwe (RBZ) has trimmed its bank policy rate to 150 percent from 200 percent per annum and increased foreign currency retention thresholds for exporters on domestic sales while ...Published: 02 Feb 2023 at 22:58hrs | 4 | by Staff Reporter
Zimbabwe selected for UN SMEs projects
ZIMBABWE has been selected as one of the countries where two three-year pilot United Nations-funded projects to capacitate small-to-medium enterprises (SMEs) will be implemented.The UN Departm...Published: 09 Jun 2022 at 06:41hrs | | by Staff reporter
RBZ to launch collateral registry
THE Reserve Bank of Zimbabwe (RBZ) says the collateral registry, a record keeping system for the existence of security, would be launched by the third quarter of this year. The collateral regi...Published: 19 May 2022 at 06:31hrs | | by Staff reporter
UN urges Zimbabwe to boost manufacturing sector
REVAMPING of the country's manufacturing and extension of support to Micro-Small to Medium Enterprises (MSMEs) is pivotal for Zimbabwe to derive maximum benefits from the Africa Free Continental Trade...Published: 01 Jan 2022 at 13:56hrs | 6 | by Staff reporter
Underfunding irks Nyoni
SITHEMBISO Nyoni, the Small-Medium Enterprises (SMEs) minister, is one of Zimbabwe's longest serving Cabinet ministers. But she has the hardest assignment in President Emmerson Mnangagwa's government ...Published: 24 Dec 2021 at 16:40hrs | 7 | by Staff reporter
Reserve Bank of Zimbabwe makes headway in clearing auction backlog
THE Reserve Bank of Zimbabwe (RBZ) has made progress in clearing the auction allotments backlog while monetary policy decisions instituted recently have helped to stabilise the exchange rate and price...Published: 12 Dec 2021 at 19:57hrs | 5 | by Staff reporter
Why HH has been invited to the White house by Biden
President Hakainde Hichilema has been invited for a meeting with President Joe Biden and Vice President Kamala Harris at the White House while in the US attending the United Nations General Assembly. ...Published: 28 Sep 2021 at 06:58hrs | | by Mwansa P. Chalwe snr
Zimbabwe inflation to fall below 55%, says RBZ
THE Reserve Bank of Zimbabwe (RBZ) says it is targeting a slide in the annual inflation to below 55% by July this year, underpinned by its disinflationary strategy that has been credited for calming m...Published: 06 May 2021 at 05:47hrs | | by Staff reporter
RBZ approves $500 million MSMEs facility
THE Reserve Bank of Zimbabwe (RBZ) has approved a $500 million facility for micro, small and medium enterprises (MSMES) to stimulate economic growth.In a statement yesterday, the RBZ said the ...Published: 05 May 2021 at 07:18hrs | | by Staff reporter
Boosting women's economic empowerment with AfCFTA'
THE International Trade Centre (ITC) has urged women entrepreneurs in Southern Africa to expand their business opportunities through the African Continental Free Trade Area (AfCFTA).The free t...Published: 17 Mar 2021 at 14:46hrs | | by Mayibongwe Moyo
Africa must address its debt burden once the pandemic is under control - says World Bank Vice President
Carlos Felipe Jaramillo was recently appointed the World Bank's Vice President for the Latin America and the Caribbean Region. He was, until his recent appointment, the bank's country director for Ken...Published: 10 Oct 2020 at 12:13hrs | | by Raphael Obonyo
Money transfers tax a threat to financial inclusion
Announcing fiscal measures on Monday, Finance and Economic Development minister Mthuli Ncube said the intermediated money transfer tax had been reviewed from five cents per transaction to two cents pe...Published: 04 Oct 2018 at 05:49hrs | | by David Mhlanga
Manufacturing, tourism get first preference in RBZ facility
COMPANIES in manufacturing and tourism industries will be the first beneficiaries of the Reserve Bank of Zimbabwe's $350 million facilities for entrepreneurs due to severe foreign payment backlogs and...Published: 03 Apr 2018 at 07:01hrs | | by Staff reporter
RBZ channels $350m to entrepreneurs
THE Reserve Bank of Zimbabwe (RBZ) has availed more than $350 million in loans towards capacitation of entrepreneurs across the country.This comes as the apex bank and the new Government move ...Published: 20 Mar 2018 at 06:14hrs | | by Staff reporter
Nyoni has solution for Chinamasa
The long decade of economic decline (1998 - 2008) and the new era which saw the introduction of multiple currencies resulted in the emergency of the informal sector. Both periods, that is, the 1998 - ...Published: 24 Mar 2016 at 05:21hrs | | by Dr Gift Mugano
ZISO's response to the Monetary Policy Statement
Zimbabwe Informal Sector's Organisation (ZISO) noted the monetary statement by the Reserve Bank of Zimbabwe (RBZ) governor Dr. John P. Mangudya. ZISO welcomes the reduction of interest rates f...Published: 08 Aug 2015 at 06:27hrs | | by ZISO
Mugabe readies for Sadc chairmanship
Zimbabwe will ensure that it promotes, articulates and safeguards Sadc's principles and programmes when it assumes the regional body's chair at the 34th Sadc Summit to be held in Victoria Falls on Sun...Published: 12 Aug 2014 at 07:18hrs | | by Farirai Machivenyika
Half of Zim population are businesspeople
ZIMBABWE'S economy has gone informal with approximately half the population of the country being entrepreneurs amid revelations that there are 5,7 million people working in the Small and Medium Enter...Published: 23 Jun 2013 at 19:20hrs | | by Staff Reporter
Fulltext - Mugabe's 33rd Independence Day speech
Address by His Excellency, The President and Commander-in-Chief of the Zimbabwe Defence forces, Comrade Robert Gabriel Mugabe, on the occasion of Zimbabwe's 33rd Independence Day Celebrations, H...Published: 19 Apr 2013 at 06:14hrs | 1 | by Staff Reporter
Zim orders that 25 percent of all State contracts be awarded to SMEs
The Zimbabwe government has ordered that 25% of all State contracts be awarded to small to medium-scale enterprises to promote the sector’s growth.This ...Published: 21 Mar 2012 at 07:08hrs | | by Staff reporter
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