Zimdollar dips on forex markets
THE United States Agency for International Development (USAID) has reported a 6% and 9% depreciation of the local currency against the greenback on the official and parallel forex markets, respectively, … Read More
Category: Zimbabwe
‘Zim must prioritise industrialisation’
ZIMBABWE needs to give priority to industrialisation and diversifying its productive capacities to mitigate the risk of becoming dependent on imported commodities, a government official has said. Speaking at the … Read More
Zim attracts record quarterly investments
Zimbabwe continues to attract investor interest from across the globe with the Zimbabwe Investment and Development Agency (ZIDA) issuing the highest number of new licences per quarter since 2022. Presenting … Read More
IMF tells Zim to accelerate reforms
The International Monetary Fund (IMF) flagged the pressing need for Zimbabwe to immediately expedite forex market reforms in order to fully restore macroeconomic stability. It comes as policymakers have been … Read More
US sanctions embargo 21 local banks
Zimbabwe says the economic embargo imposed on the country at the turn of the millennium, has incapacitated the domestic financial system as only six out of 27 Zimbabwean banks are … Read More
Solid growth of indigenous businesses drives sanctions busting
ZIMBABWE has been busting the illegal sanctions through industrialisation fronted by indigenous businesspeople who have been setting up solid companies in areas such as construction, tourism and mining thereby creating … Read More
Zim’s trade deficit narrows
Zimbabwe’s trade deficit for the nine months to September 2023 narrowed to US$94,2 million, representing a 44,7 percent improvement compared to a deficit of US$170,3 million in August 2023. According … Read More
IMF calls for acceleration of reforms
The International Monetary Fund (IMF) says Zimbabwe should accelerate foreign exchange market reform by allowing more flexibility in the official exchange rate through market-driven price discovery. It also calls for … Read More
Treasury stalls devolution projects: AG
NON-DiSBURSEMENT of devolution funds has led to failure by local authorities to undertake or complete several development projects, acting Auditor-General Rheah Kujinga has said. According to a Value for Money … Read More
Government tightens screws on tenders…New e-Government procurement system to combat corruption
CORRUPTION in the awarding of tenders will now be a thing of the past following the launch of the Electronic-Government Procurement (e-GP) system by President Mnangagwa yesterday. The Electronic-Government Procurement … Read More
