HARARE - The country's maize production is estimated to have risen 17% in the 2019/20 season, but the biggest concern remains the poor yields, which averaged 0.57 tonnes per hectare. According to the Second Round Crop and Livestock Assessment...
Farai Mabeza
Productive sector support under the $18.02 billion COVID-19 Economic Recovery and Stimulus Package will be financed by banks through normal banking channels and covered by government guarantees, it has been announced.
In a statement, the Ministry of Finance and...
HARARE – The Zimbabwe Energy Regulatory Authority has hiked the price of fuel, although it remains below US$1, after admitting that pricing could not follow the parallel market rates as it would heighten inflationary pressures.
In a notice, ZERA increased...
HARARE - The Reserve Bank of Zimbabwe, through the Financial Intelligence Unit, has instructed banks to to limit internal transfers to two per day as part of ongoing measures to stop parallel market dealings.
In a directive to banks, the...
Shamiso Ngwena
Thousands of workers in the tourism and hospitality industry could lose their jobs due to the effects of the COVID-19 global pandemic, which has seen the industry shut for close to three months.
The industry, according to various sources,...
Tawanda Marwizi
Farmers who deliver their maize and other traditional grains will now enjoy the 30 percent incentive after the Grain Marketing Board directed all its depots to start paying the money.
Cabinet recently approved the 30 percent incentive on the...
War, Global Crisis and Colonial Consolidation, Currency Developments, 1910s -1920s.
Tinashe Nyamunda
The previous articles in this column examined the origins of the colonial monetary system from 1890s to the eve of the First World War. So far, these articles have...
Farai Mabeza
Lake Kariba recorded its second lowest levels on record in the first quarter of the year due to the delayed onset of rains while water allocation for power generation will not be increased despite increased levels to...
Tapiwanashe Mangwiro
HARARE- 2020 economic forecasts were mostly upbeat. Everyone raised the prospect of synchronised growth acceleration after the US-China truce, which temporarily halted the trade war between the two belligerent nations.
The International Energy Agency predicted relative market stability, expecting...
Farai Mabeza
The Reserve Bank of Zimbabwe’s Financial Intelligence Unit has directed all banks to temporarily review all ZIPIT transaction limits downwards to $20 000 per day and $100 000 per month to curb illicit foreign currency trading. This comes...
