Economy

Economy

Zimbabwe passes first IMF programme assessment, but risks remain

THE International Monetary Fund (IMF) has completed the first review of Zimbabwe's 10-month Staff-Monitored Programme (SMP), projecting continued single-digit inflation while warning that economic risks remain. The milestone, approved by...
Economy

Least paid mine worker to earn US$418 as new wage agreement takes effect

The lowest-paid employee in Zimbabwe's mining sector will now earn a minimum monthly salary of US$418 following the...
Economy

Is Zimbabwe’s economy finally turning a corner? Experts weigh in

Forbes Africa After years of runaway inflation and monetary instability, Zimbabwe is showing signs of macroeconomic recovery. The question...
Economy

Zimbabwe insists on 2027 lithium concentrates export ban deadline despite extension plea from miners

Xinhua Zimbabwe will stick to the 2027 deadline for lithium producers to set up beneficiation plants, with those unable...
Economy

Zimbabwe eyes bigger share of regional market as intra-SADC trade remains low

ZIMBABWE has outlined plans to capitalise on the low levels of intra-SADC trade, which currently account for just...

Zimbabwe needs $5–6 billion in reserves to shift to single-currency regime: Central Bank

Economy NewZimbabwe Editor NewZimbabwe Editor -
Channel Africa Zimbabwe will need up to $6 billion in reserves to fully transition to a mono-currency system by 2030, according to the country’s monetary...

Zimbabwe holds key interest rate at 20% with eye on inflation

Economy NewZimbabwe Editor NewZimbabwe Editor -
Bloomberg Zimbabwe left its benchmark interest rate unchanged even as it sees inflationary pressures easing for the rest of the year under its bullion-backed currency. The...

RBZ scraps bank charges for accounts with US$100 balances

Economy NewZimbabwe Editor NewZimbabwe Editor -
By Alois Vinga THE Reserve Bank of Zimbabwe (RBZ) has ordered all banks to stop applying monthly charges on accounts with a consecutive minimum balance of...

Africa free trade area may lift 50 million people out of extreme poverty, says IMF

Business Gilbert Nyambabvu Gilbert Nyambabvu -
By Bloomberg News Africa’s continent-wide free-trade area, if successfully implemented, could significantly boost economic growth and improve living standards at a time of rising geopolitical...

RBZ set to roll out Gold Backed Digital Coins on May 8; hopes move will shore up weakening Zim dollar

Economy Gilbert Nyambabvu Gilbert Nyambabvu -
By Staff Reporter & Associated Press THE Reserve Bank of Zimbabwe (RBZ) is set to roll out gold backed digital tokens on May 8 amid...

US Dollars replaces Zimbabwe’s currency for second time

Business Gilbert Nyambabvu Gilbert Nyambabvu -
By Bloomberg News The greenback has replaced the Zimbabwean dollar as the most-used currency in the southern African nation for a second time, almost four...
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