US$8.9 billion for vulnerable nations from ADF
TweetShareSharePin0 SharesBy ETimes The African Development Fund (ADF) has agreed to commit a total package of US$8.9 billion to its 2023 to 2025 financing cycle to help vulnerable African countries.…
Nearly half of adults have sent money locally amid subdued domestic remittances: Report
TweetShareSharePin0 SharesBy ETimes Remittances have dropped over the years, from 58% of adults remitting in 2014 to 38% in 2022, says the Reserve Bank of Zimbabwe (RBZ). RBZ’s 2022 FinScope…
No joy for business as MPC keeps rates unchanged until Q1 2023
TweetShareSharePin0 SharesBy ETimes The Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (RBZ) has decided to keep interest rates unchanged in order to keep the stability in the…
Zimbabwe industrialization level needs more work
TweetShareSharePin0 SharesBy ETimes Zimbabwe was number 32 on the African Development Bank (AfDB) 2022 industrialization index a one-step improvement. The country was hit by Covid-19, labour emigration and currency issues…
Price pressures will ease back in 2023 in all African states except Zim: EIU
TweetShareSharePin0 SharesBy ETimes The Zimbabwean dollar will be among the weakest currencies in the world next year, a new report shows. Since May, the southern African nation has instituted a…
Successful Women in Finance round table attracts top female execs
TweetShareSharePin0 SharesTop female executives strongly deliberated on efforts to increase women and women-led businesses and start-ups’ access to finance at the successful Women’s Network and Women in Leadership Roundtable held…
Mining sector exports poised to reach US$5.3bn by year end
TweetShareSharePin0 SharesBy ETimes The mining sector’s export revenue totaled US$4.5 billion in the first 10 months of 2022 and the mining sector has financed 70% of the country’s imports over…
High interest rates risk pushing the economy into recession, experts say
TweetShareSharePin0 SharesBy ETimes The economy may be edging toward a recession occasioned by high interest rates that are slowing aggregate demand, said former Finance Minister Tendai Biti. In September 2022,…
Weaker Rand sends mixed feelings in the economy
TweetShareSharePin0 SharesBy ETimes South Africa is Zimbabwe’s biggest trading partner and the rand has plunged to an all-time low breaching 18 to the dollar on the back of rising inflation…
Zimbabwe’s foreign currency receipts up 38% in first 9 months
TweetShareSharePin0 Shares…seen rising between $11-12bn in 2022 By ETimes Foreign currency receipts in Zimbabwe have increased by 38% to $8.4 billion over the past nine months, compared to $6.1 billion…