17.1 C
Harare
Wednesday, October 20, 2021
The value of transactions processed through NPS surged 9 percent in Q1While the volume of these transactions plunged 29 percentThe sharp decline in transaction volume indicates an economic slowdown in Q1 The Reserve Bank of Zimbabwe (RBZ) has recently published the 2021 first...
HARARE – Zimbabwe’s currency environment is hostile to business operations, and although there have been attempts by the government and aligned commentators or analysts per se to sanitise the existing policy environment, evidence shows that the country is facing a currency crisis.
Zimbabwe’s economic crisis is showing no signs of abating as the recently reported increase in May’s monthly inflation has given Zimbabweans no sign of reprieve. Even as inflation has been on a downward trend since January 2021, incomes continued to shrink as evidenced by the poverty...
MoM inflation was 2.54 percent up from April’s rate of 1.58%YoY inflation stood at 161.91 percentLack of confidence in the local currency threatening price stabilityCentral Bank officials confident that inflation will close the year in a healthy territory Harare – Monthly inflation accelerated...
Q1 net revenue outturn at ZW$88.26 billion against ZW$86.52 targetFY2021 total revenue target was set at ZW$390.8 billionExpected economic rebound to increase ZIMRA collections In November 2020, finance minister Professor Mthuli Ncube presented his 2021 National Budget with a spending ceiling of ZW$421.6...
The US proposes a 21% global minimum corporate tax rate among major economiesThis would avert global 30-year race to the bottom and reduce base erosion and profit shiftingThe tax reform threatens individual country sovereignty Harare: Since he assumed power in January 2021 after...
Reserve money quarterly growth target maintained at 22.5%The Bank’s 500 basis points policy rate hike announced in Feb unchangedMedium-term Bank Accommodation (MBA) further increased by ZW$2.5 billionBanks’ lending on MBA facility proceeds capped at 10% above borrowing rate Harare - The recently constituted...
·         Zimbabwe projected economic growth of 7.4 percent ·         Fitch says growth will only be 1.3 percent Harare – Research and analytics firm, Fitch Solutions says Zimbabwe’s real Gross Domestic Product (GDP) growth projection of 7.4 percent in 2021 is overly ambitious...
Harare - On the 5th of October 2018, the Zimbabwe government launched an ambitious economic blueprint dubbed Transitional Stabilization Programme (TSP) (2018-2020) aiming to stimulate growth and stabilize the macroeconomic environment for a perfect take-off towards the attainment of Vision 2030. The TSP was to be...
Harare - After two consecutive years of inconsistent policies, a volatile currency, droughts, and skyrocketing prices, it turns out that authorities are on course to strike the right chord and bring back sanity in the market. Animal spirits which are key for economic recovery are starting...