HARARE - The Reserve Bank of Zimbabwe has removed bank charges on savings accounts and fixed term deposits while also setting the interest rates payable per month on such accounts. This is effective from July 1, 2021.
In a statement,...
HARARE – The latest foreign currency auction managed to see the highest allotment ever and increased bids particularly from the SMEs auction. The Zimbabwe dollar depreciated 0.203% to 85.2455 from last week's 85.0724 while the parallel market selling rates...
The Restaurant Operators’ Association of Zimbabwe has expressed concern over the renewed closure of restaurants and has challenged the misperception that restaurants pose a threat to public health. ivermectina estomago
ROAZ president Bongai Zamchiya said the livelihoods of restaurateurs,...
HARARE— A partnership announced today between IFC and the Government of Zimbabwe will support recovery and jobs in Zimbabwe’s tourism sector by helping increase air access to Victoria Falls, one of Africa’s premier tourist destinations.
IFC—a member of the World...
HARARE - Old Mutual Life Assurance Company Zimbabwe (OMLAC) is set to finance and undertake a feasibility study financing agreement in respect of the development of bulk infrastructure in the Masuwe Area of the Victoria Falls Special Economic Zone.
The...
Sharon Chikwanha
LOCAL importers of second-hand light vehicles that are 10 years old or more have been given one more month to clear their cars following the gazetting of Statutory Instrument 89 of 2021.
The Ministry of Industry and Commerce, in...
HARARE - There has been some progress on the refurbishment of Hwange Thermal Power Station but the project is still behind targets with the latest update from the Zimbabwe Power Company showing that the works are 62.54% complete against a...
Statutory Instrument 127 of 2021, Presidential Powers (Temporary Measures) Financial Laws Amendment Regulation 2021
Social and Economic Implications
On the 27th of May 2021, the government of Zimbabwe published Statutory Instrument 127 of 2021 (SI 127 of 2021) which sets out...
HARARE - For ease of administration, the Reserve Bank of Zimbabwe has announced that all commissions and royalties that are due and deductible at the point of receipt of export proceeds will now be paid to the Zimbabwe Revenue...
HARARE - Domestic electricity tariffs on pre-paid systems have increased by 30% under a stepped structure.
According to the Zimbabwe Electricity Transmission & Distribution Company, the lowest consumption band (0 to 50kwh) will be priced at $2.25/kwh while the most...
