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...
Ryan Chigoche
HARARE - The Zimbabwe Investment and Development Agency (ZIDA) has launched its electronic do-it-yourself (DIY) licensing portal, an efficient tool that would make it easier for investors to do business by reducing the number of days required to...
The International Energy Forum today announced that Zimbabwe has joined as a full member of the organisation, bringing the total number of member countries to 73.
The IEF’s mission is to promote energy security through dialogue between producers and consumers....
Ryan Chigoche
HARARE - The introduction of the gold coins on July 25 was one of the numerous policy initiatives aimed at reducing demand for the US currency and reining in inflation that was on the rise.
In their early days,...
Ryan Chigoche
HARARE (FinX) - The Zimbabwe Revenue Authority has limited spending by consumers in wholesalers to US$1000 per 30 days as part of its measures to protect value chain integrity and unfair competition by informal traders.
This is in accordance...
Itai Ndongwe
Zimbabwe is bracing for a repetition of the devastating power disruptions caused by the 2015-2016 El Niño event, a cyclical climate phenomena associated with greater Pacific Ocean temperatures and clouds over southern Africa.
With the country already suffering with...
HARARE - FBC Holdings chief executive John Mushayavanhu has been announced as the next Reserve Bank of Zimbabwe governor. He will take over from John Panonetsa Mangudya when his 10-year term of office ends on April 30, 2024.
Mangudya will...
