Zambia is grappling with critical power shortages, as citizens are set to receive electricity for only 3 hours per day on a rotational basis. This drastic reduction follows a significant drop in wate
Sep 02, 2024
Zambia's annual inflation rate has soared for the 17th consecutive month, reaching 16.5% in November 2024, up from 15.7% in October. This escalation marks the highest inflation rate since November 20
Nov 29, 2024
The Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe has introduced a Targeted Finance Facility (TFF) In a bid to alleviate the current liquidity crisis on targeted sectors. This facil
The Zimbabwe currency ZiG has experienced a significant depreciation of 47% year-to-date, marking one of the most substantial declines since its inception. The ZiG, introduced in April, was initially
he Zimbabwe government has allocated ZiG28.3 billion to the Ministry of Health and Child Care for the year 2025. When converted to United states dollars (USD) at the official bank rate of ZiG26 per d
The Zimbabwe’s economy faces a turbulent 2025, with the local currency, the Zimbabwe Gold (ZWG), expected to depreciate by an alarming 110% in FY2025, Government 2025 Budget reviews. This grim foreca
Reduction of Sugar Tax: Has cut the sugar tax from 0.001% to 0.0005% per gram Revenue Allocation Concerns: Despite generating significant revenue from the sugar tax, no cancer treatment equipment has
Zimbabwe's Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, has cut import duty on electric vehicles (EVs) from 40% to 25%, effective January 2025. This was
In his 2025 budget presentation, Finance and Economic Development and Investment Promotion minister, Mthuli Ncube, imposed a 10% tax on all winning betting odds, effective January 1, 2025. This new
Choppies is exiting Zimbabwe and has initiated discussions to divest its business, citing the adverse effects of policies that favour informal traders over formal retail operations. The company plans
