29.1 C
Harare
Sunday, November 28, 2021
Lower inflation propels economic growthGradually increasing fiscal spending, a risk to exchange rate and price stabilityFor stability, RBZ should engage in aggressive market liquidity management Zimbabwe is one of the few countries worldwide battling too high inflation. Though the monthly outturn is hovering...
Treasury offered little economic stimulus against COVID-19 in 2020Limited fiscal coffers to blameNew incentives to increase forex earnings, employment, and national output When coronavirus (COVID-19) struck the world heavily in early 2020 forcing nations to implement hard lockdown measures and curfews, governments and...
After experiencing two (2) severe consecutive droughts in the 2018/19 and 2019/20 season the agriculture sector is poised for a sharp recovery this season thanks to proper preparations, buttressed by normal to above-normal rainfall across the country. Zimbabwe’s government has supported the...
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...
Pandemic has widened the global inequality gapDeveloping nations constrained in cushioning their citizens and economies. Harare – The outbreak of Covid-19 pandemic in late 2019 has unexpectedly disrupted the world’s living tendencies and brought about a ‘new normal’. While this new normal calls...
Harare: - The African Continental Free Trade Area (AfCFTA) has been signed by 54 of the continent’s 55 nations. To date, the trade pact has been ratified by 35 member states (Zimbabwe included) meaning that the AfCFTA is now in effect for those members.
Harare- The Agriculture sector is a very critical tool for socio-economic development in Zimbabwe and beyond. This sector is the main source of livelihood for most people and a key determinant of rural livelihood and poverty levels. As such the sector is the mainstay of the...
The firing of Advocate Chasi came a week after President Mnangagwa suspended ZESA board chairperson, Sydney Gata and the entire ZESA board on allegations of corruption and abuse of officeChasi’s conduct of Government business has been described as “incompatible with the President’s expectations”Gata accused Chasi of undermining...
RBZ has relaxed policy and now allows trade in foreign currencyA hard peg has been instituted and the consequences are dire for the economy We see the measures as a policy indication towards full redollarisationFailure to move completely to redollarisation will cause even more harm to the...
Both RBZ and primary dealers benefiting from a malfunctioning IBMForex earnings enough to meet demandCost of Fx market disruption is huge This week, the Reuters trading platform went live and to mark its beginning, we noticed a movement in...