Zimbabwe's economic reform plan to push GDP growth to 5 pct - cenbank
By Respect Gwenzi, Oct 02, 2018
Zimbabwe's economy will grow faster than expected in 2018, from an estimate of 4.5 percent to 5 percent, the central bank said on Monday as the new government implements reforms to kick-start growth that has languished for more than two decades.
Reserve Bank Governor John Mangudya, in his first post-election monetary policy statement, said rebalancing the economy would require "painful measures".
He announced a plan to separate local and foreign currency bank accounts and a new tax on goods trucks as part of measures to ease the shortage of U.S. dollars since the country dumped its own currency in 2009.
- Reuters
Top Stories
Tigere REIT Caps Transformational 2025 with Yield-Boosting Acquisitions and Near-Doubling of Profits
In a year of resilient growth for Zimbabwe's nascent REIT sector, Tigere Real Estate Investment Trust emerged as a standout performer, completing two strategic retail acquisitions in Q4 2025 that pro
1 day agoGreenfields Feeds the Bottom Line: Food and Entertainment Are Rewriting Zimbabwe's Retail Story
Tigere's entire portfolio operates on US dollar leases, which insulates its rental income from local currency fluctuation and provides investors with predictable returns. For the 2025 financial year,
1 day ago
