12.8 C
Harare
Wednesday, April 14, 2021
. Reserve money grew by 5 percent in the week to 19 February . This is after a 2.4 percent surge in the prior week . Government targeting quarterly reserve money growth of 22.5 percent in 2021
Study by howmuch.net stated that Zim tariffs were over US$75 for a GB of mobile dataPOTRAZ claims actual price is less than 80% of thatClaims howmuch.net study was distorted by exchange rate confusion The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has...
The problems at hand are endogenous to the collective behavior of economic agents. HARARE – The role of market forces in shaping economic outcomes cannot be underestimated. Over the years, Zimbabwe has been gripped with financial instability and as a key policy...
Overnight accommodation rate adjusted to 30% from 25%Withdrawal limits also go upThe apex bank is targeting below 10% annual inflation by year-end HARARE – The Reserve Bank of Zimbabwe (RBZ) has increased the overnight accommodation rate from 35% introduced in June 2019 to...
Rate stands at 1US$: ZW$83.75The local unit fell from 83.37 in the prior weekHighest rate received climbed to ZW$89 After holding the same position for two consecutive weeks the Zimbabwean dollar has come out of this week’s foreign currency auction ZW$0.37 cents weaker...
Revenue is likely to be affected by reducing volumes HARARE – ZSE-listed companies remain pessimistic about the business outlook in the current year amid uncertainty driven by the ongoing coronavirus (COVID-19) pandemic and the persisting macroeconomic challenges characterised by liquidity constraints and...
ZWL petrol price now ZW$104.82 per litre from ZW$99.35USD petrol price now US$1.26 per litre from US$1.21ZWL diesel price now ZW$105.58 per litre from ZW$100.91While USD diesel price has gone up to US$1.27 per litre from US$1.23. The Zimbabwe Energy Regulatory Authority (ZERA)...
FPL for January 2021 moved up by 7.6%An average family of five now needs an average of ZW$24 935 up from US$22 000Shifts complementary to the 5.43% gain in MoM inflation Zimbabwe’s poverty levels have remained on a relentless climb into the month...
Individuals contributed US$1.007Surpasses Fin Minister’s projectionZim is among leading recipients of remittances in Sub-Saharan Africa HARARE – Expatriate Zimbabweans sent US$1.002 billion remittances in 2020 which is 57% higher than the previous year, breaking the record of US$939 million set in 2015 according...
South Africa remained the country’s major trade partnerThe value of imports has been on an upward trend since August 2020Will likely see a surge in import bill as vaccine roll-out programme gathers pace HARARE – Zimbabwe’s merchandise balance which represents the difference between...