Strive Masiyiwa, Zimbabwe’s richest man, sees wealth skyrocket by US$600 million in 2023
TweetShareSharePin0 SharesBy ETimes While some African billionaires have faced substantial declines in their fortunes this year, Zimbabwe’s richest man Strive Masiyiwa stands out as one of the few enjoying remarkable…
Six month remittance up 15%
TweetShareSharePin0 SharesBy ETimes Diaspora remittances to Zimbabwe reached over US$900 million in the first six months of this year, translating to a 15 percent increase from last year’s figure. Diaspora…
RBZ maintains tight monetary policy stance amid ZWL shortages
TweetShareSharePin0 SharesBy ETimes The Reserve Bank of Zimbabwe (RBZ) has held the benchmark interest rate to give time for the instituted measures to have their full effect on the dual…
Food inflation fears rise as Russia backs down on deal
TweetShareSharePin0 SharesBy ETimes The Black Sea grain deal which eased food inflation to record highs in 40 years has been put to an end as the concerned parties have not…
Zim poised to record softer growth for reminder of year
TweetShareSharePin0 SharesBy ETimes A research firm has become less optimistic about Zimbabwe’s growth outlook owing to an increasingly dollarising economy. The country has been fast dollarizing, with statistics from the…
Blended CPI sparks self-feeding inflationary impacts – Report
TweetShareSharePin0 SharesBy ETimes A local research firm says it would have been better to issue a Consumer Price Index that just included Zimbabwean dollar and US dollar inflation in order…
Money Supply growth in Q1 unsustainable
TweetShareSharePin0 SharesBy 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…
Current FX exchange stability remains fragile – Report
TweetShareSharePin0 SharesBy 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,…
Manufacturing industry capacity utilisation could fall below 70% – Report
TweetShareSharePin0 SharesBy 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…
Black market rate to show signs of stability by month end – CZI
TweetShareSharePin0 SharesBy 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…