HARARE (FinX) - Tourism receipts are estimated to have increased by 15% to US$252 million in the second quarter of 2024 from US$220 million in the same period on 2023, mainly attributed to rising international tourism in addition to
improved...
HARARE (FinX) - The Bankers Association of Zimbabwe has said that the Reserve Bank of Zimbabwe should consider staggering the increase on statutory reserves, set at 30%, as they warned that the increase would dampen economic growth as banks...
Terrence Kurira
The Reserve Bank of Zimbabwe (RBZ) has injected a total of US$64 million into the interbank foreign exchange market to address pipeline demand and maintain the stability of the ZiG.
The RBZ's intervention comes in response to a surge...
Pride Mzarabani
HARARE - The Reserve Bank of Zimbabwe has issued Exchange Control Circular No. 3 of 2024 which seeks to tighten controls on foreign exchange transactions.
The key provision of the circular is aimed at preventing the duplication of invoices...
Talkmore Gandiwa
HARARE - The Southern African Development Community (SADC) is facing significant challenges in securing long-term financing to drive economic development.
Finance, Economic Development and Investment Promotion Minister Mthuli Ncube said despite ongoing efforts to foster economic growth and integration,...
HARARE - Zimbabwe's population is projected to reach 21.2 million by 2042, indicating a 39.47% increase from the 2022 population of 15.2 million from the 2022 Population and Housing Census.
Population projections are vital for informed decision-making across various sectors.
Policymakers,...
HARARE - The country's international currency code has switched from ZiG to Zimbabwe Gold (ZWG), according to the Reserve Bank of Zimbabwe (RBZ).
Currency codes or ISO currency codes are three-letter sequence codes representing the world's currencies. The International Organisation...
Staff Writer
A team from the International Monetary Fund is expected in Zimbabwe later this month to conduct the annual Article IV Consultation mission. The team will also be looking at the new currency arrangement, the ZIG.
IMF Communications Director Julie...
Ryan Chigoche
HARARE - The World Bank says the removal of tariff barriers alone will not see the country benefit enough from the Africa Free Continental Trade Area (AFCTA), with the bank highlighting the need to track non-tariff barriers such...
HARARE - Finance, Economic Development, and Investment Promotion Minister, Mthuli Ncube, has publicly condemned businesses for what he perceives as the misuse of the Beverages Sugar Content Tax, amidst growing criticism over the government’s taxation policies.
Expressing his dismay, Minister...
