Zimbabwe

Zimbabwe

Government Commences Compensation Payments, Marks Milestone in Economic Reforms

The Government of the Republic of Zimbabwe is demonstrating its unwavering commitment to honoring Bilateral Investment Protection and Promotion Agreements (BIPPAs) by compensating investors whose prop

Feb 12, 2025
Zimbabwe
ZIMRA Set Guidelines for Fast Food, Plastic Bag Taxes

The Zimbabwe Revenue Authority (ZIMRA) has established guidelines for tax return deadlines related to disposable plastic bags and fast food sales. These guidelines follows the 2025 budget presentatio

 Feb 11, 2025
Zimbabwe
Zimbabwe's Horticulture Sector Slams Increase in Export Surrender Threshold as 'Unfair and Counterproductive’

The Horticulture Development Council (HDC) has strongly criticized the Reserve Bank of Zimbabwe’s (RBZ) recent decision to reduce export retention thresholds from 75% to 70%, as outlined in its Moneta

 Feb 11, 2025
Zimbabwe
Zimbabwe's Forex Receipts Hit New Record, Surpass US$13 Billion

Zimbabwe's foreign currency inflows surged to a record high of US$13.3 billion in FY2024, representing a 21% year-over-year (YoY) growth from US$11 billion in FY2023. The robust performance was prima

 Feb 10, 2025
Zimbabwe
ZiG Weekly Review: RBZ Implements Strategic Policies to Stabilise ZiG

The Zimbabwe Gold (ZiG) experienced a downward trajectory over two consecutive weeks, depreciating to 26.4072 against the US dollar on February 7, 2025, from 26.3656 on January 31, 2025, reflecting a

 Feb 10, 2025
Zimbabwe
No POS Machine, No Licence, No Bank Account, No Licence: RBZ Commands

he Reserve Bank of Zimbabwe (RBZ) has introduced a transformative policy aimed at formalizing the informal trading sector and promoting digital transactions. Effective immediately, local authorities

 Feb 07, 2025
Zimbabwe
RBZ Takes More Forex from Exporters: 2025 MPS Review and Analysis

The highest banking authority, Reserve Bank of Zimbabwe released its 1HY2025 Monetary Policy Statement on the 6th of February 2025, articulating monetary development and policies that will underpin th

 Feb 07, 2025
ZERA Hikes February Fuel Prices for Both Petrol and Diesel by 3.4%

imbabwe Energy Regulatory Authority (ZERA) has increased  fuel prices for the month of February, from January in US dollar terms effective 5 February 2025. Petrol prices increased by 3% to  $1.53 per

Feb 06, 2025
Fuel Blending Regulations Under Fire: A Call for Consumer Choice

In light of these challenges, it is crucial to reassess the current fuel blending regulations. A reduction in taxes and levies on fuel could alleviate some of the financial burden faced by consumers.

Feb 05, 2025
Berry Boom: Zimbabwe Sees 50% Surge in Exports, Reaching 8 Million Kilograms

Zimbabwe's berry exports surged by 50% to 8 million kilograms in 2024 from 6 million kilograms exported in 2023. Berries are versatile fruits enjoyed fresh, in salads, baked goods, sauces, and smooth

Feb 05, 2025
ZIMRA Introduces Auto-Filling PAYE Returns for Employers

The Zimbabwe Revenue Authority (ZIMRA) has launched a new system, the Employee Management Module (EMM), which will be used for the January 2025 Pay As You Earn Return (PAYE). This module is aimed at

Feb 04, 2025

Kariba Dam Water Levels Rise to 6%,Boosts Power Generation Hopes

Lake Kariba water levels  has gradually risen to 6.17% as of 3rd February 2025 from 3.09% in early January , attributed to intensified rainfall activity on and around the lake according to the Zambezi

Feb 04, 2025

2024 Gold Production: A Milestone Achieved, But Can Zimbabwe Double Down?

In 2024, Zimbabwe not only achieved but exceeded its gold production target, reaching an impressive 36.48 tonnes, surpassing the initial goal of 35 tonnes. This milestone marks a historic high for the

Feb 04, 2025

Government Sets New Prices for LPG Gas

The Ministry of Finance, Economic Development, and Investment Promotion has reiterated its call for Liquefied Petroleum Gas (LPG) operators to lower prices following the removal of Value Added Tax (VA

Jan 31, 2025

ZiG’s Weekly Review as Stability Remains in Focus: Is This a Turning Point or a False Dawn?

The Zimbabwe Gold (ZiG)  experienced marginal declines, depreciating by 0.1% last week and further by 0.2% this week, closing at 23.3656 against the US dollar. This relative stability is largely attri

Jan 31, 2025

Tobacco Exports Reach All Time High of US$1.3 Billion in 2024

Zimbabwe's tobacco export earnings reached an unprecedented $1.3 billion in 2024, marking the second consecutive year the industry has surpassed the $1 billion milestone. This achievement builds on t

Jan 30, 2025

Zimbabwe Records Highest Maize Shipments in 2024, Surpasses US$500 Million

Zimbabwe's maize imports surged to a historic US$ 563 million in 2024, up from US$ 149.5 million in the previous year, marking a remarkable increase of over 200%. This places maize imports second only

Jan 29, 2025

Trade Deficit Surges Over Threefold to $196.9 Million

Zimbabwe's trade deficit has surged significantly to US$196 million, representing a 318.2% increase from $46.9 million in November 2024, which was the lowest deficit since November 2021. Gold exports

Jan 29, 2025

January Inflation Surges in ZiG, USD, Highest Since November 2024

Zimbabwe’s month-on-month inflation rose sharply in January 2025, both in US dollar terms and ZiG terms, according to the latest data released by the country’s statistics agency, Zimstat. The ZiG mon

Jan 29, 2025