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Remittances anchor Zimbabwean economy

THE World Bank recently released global diaspora remittance statistics, which show that expatriates from low and middle-income countries sent over US$647 billion to their home countries in 2022.This increase is remarkable, given the fact t…

Published: 07 Jul 2023 at 07:52hrs | 16 | 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 removing the compulsory requirement to liquida…

Published: 20 Jan 2021 at 06:30hrs | 5 | 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 cuts, ill-timed currency changes, unre…

Published: 08 Jan 2021 at 21:02hrs | 2 | 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. It was noted at that time that the auth…

Published: 08 Jan 2021 at 20:58hrs | 6 | 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 investing in the country will be addres…

Published: 11 Oct 2020 at 09:57hrs | 3 | 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 Gross Settlement (RTGS) prices using the b…

Published: 31 May 2019 at 08:08hrs | 5 | 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 stability to the market thereby managin…

Published: 18 May 2019 at 18:23hrs | 13 | by Victor Bhoroma

Enter the dragon: The rise of China

The most remarkable economic turnaround story of the 21st century undoubtedly belongs to the People's Republic of China. As the country marks the 40th anniversary of economic reforms and opening, the world looks back at the rise of the new…

Published: 28 Jan 2019 at 16:43hrs | 3 | by Victor Bhoroma

Chinese deals, raw or fair for the Zimbabwean economy?

Given the recent developments in Zimbabwe and the African continent, it is worthy assessing how Chinese investments can affect the local economy going forward. Critical for Zimbabwe is how the country can turn its close Sino relationship i…

Published: 17 Oct 2018 at 21:41hrs | 6 | by Victor Bhoroma

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