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Money Supply growth in Q1 unsustainable

By ETimes Zimbabwe’s broad money supply has grown from just under $2,3 trillion as of December 2022 to more than $3,2 trillion as of March 2023 according to the Reserve…

Current FX exchange stability remains fragile – Report

By ETimes The exchange rate stabilisation currently being witnessed in the country is only temporary, as there is still an unacceptably big premium between the official and alternative markets, a…

Manufacturing industry capacity utilisation could fall below 70% – Report

By ETimes Capacity utilisation in Zimbabwe’s manufacturing sector could fall below the projected 70% this year owing to economic headwinds, a recent report shows. Capacity utilisation measures the level at…

Black market rate to show signs of stability by month end – CZI

By ETimes The Confederation of Zimbabwe Industries (CZI) expects the parallel market exchange rate to stabilise by the end of this month if the raft of measures are effectively put…

Maximum deposit protection cover increased to $1mln

By ETimes The Deposit Protection Corporation of Zimbabwe (DPC) has made an upward review of the deposit protection cover by 733.33% to $1 million in order to keep pace with…

FX auction system disbursed US$4.08bn since inception – RBZ

By ETimes Zimbabwe has so far disbursed US$4.08 billion to businesses through the auction system since it started in June 2020, the latest data shows. The lion’s share went to…

Unfavorable rates, inflationary pressures to reduce bank’s credit extension – Zimnat

By ETimes Zimbabwe’s banks will limit credit availability owing to unfavourable rates and rising inflationary pressure, the latest report shows. Policymakers recently decided to increase the bank policy rate from…

Expanding money supply still top concern for Zim economy, says IH

By ETimes Zimbabwe’s main problem still revolves around increasing the money supply, warned IH Securities (IH). This comes as experts have continuously warned that the growing uncertainty within the economy…

Govt pending exceeds quarterly target

By ETimes Government spending rose 15,2 percent above the first quarter of 2023 to $1,1 trillion with employment costs claiming the lion’s share, according to data from the ministry of finance.…

Economy fragility an effect of elections

By ETimes FBC Securities, a broking firm in its first quarter report said the economy is in a fragile state as the country awaits the much anticipated harmonized elections. In…