No joy for business as MPC keeps rates unchanged until Q1 2023
By 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 economy. RBZ…
Zimbabwe industrialization level needs more work
By 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 in…
Price pressures will ease back in 2023 in all African states except Zim: EIU
By 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 number…
Successful Women in Finance round table attracts top female execs
Top 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 on…
Mining sector exports poised to reach US$5.3bn by year end
By 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 the…
High interest rates risk pushing the economy into recession, experts say
By 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, the…
Weaker Rand sends mixed feelings in the economy
By 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 and…
Zimbabwe’s foreign currency receipts up 38% in first 9 months
…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 during…
World Economy volatile and growth to slow in 2023
By CNBC The International Monetary Fund predicts global growth will slow to 2.7% next year, 0.2 percentage point lower than its July forecast, and anticipates 2023 will feel like a…
Imara says more companies are likely to change their functional currency to USD
By ETimes A number of Zimbabwean companies are likely to switch to the greenback as the functional currency as the majority of their revenues are now in US dollars, says…