Zimbabwe Inflation rate continues to decline

The inflation rate in Zimbabwe was recorded at 0.33 percent in December of 2013 as reported by Zimstat .The year on year inflation rate for the month of December 2013 as measured by the all items cpi stood at 0.33 percent shading 0.21 percentage points in November 2013 this means...
Posted On 16 Jan 2014

Mobile money services should be opened to banks – BAZ

The Reserve Bank of Zimbabwe must address the issue of mobile money services in the Monetary Policy Statement to be presented this month so that banks can easily access mobile networks platforms. Bankers Association of Zimbabwe president George Guvamatanga yesterday said banks...
Posted On 15 Jan 2014

CZI calls for time lines on tariffs

The Confederation of Zimbabwe Industries says Government should put in place timelines for tariffs and surtaxes introduced recently to avoid the passing on of the cost to the consumer. CZI president Charles Msipa said the tariffs and surtaxes should also be linked to specific...
Posted On 15 Jan 2014

Gvt courts banks over Dimaf

The Government will soon engage local banks to persuade them to continue bankrolling the Distressed Industries and Marginalised Areas Fund (DIMAF) as it has failed to avail its own portion to the facility. In 2011, the Government, in partnership with Old Mutual, established a $40...
Posted On 15 Jan 2014

Infrastructure forum on cards

Zimbabwe is expected to attend a two-day Global Forum on Infrastructure in Africa to be held in Brazzaville, Congo, next month. The forum, which will be hosted by the Build Africa Forum, will bring together more than 500 leading policy makers, investors, developers and...
Posted On 15 Jan 2014

UN forced to cut food aid for Zim

Nearly a million Zimbabweans are at risk of facing hunger over the coming months, after the UN World Food Programme (WFP) announced on Tuesday that it has been forced to cut whatever-already-minimal food rations it had been giving out due to a cash crunch. “We’d been...
Posted On 15 Jan 2014

Mixed feeling on fuel blending to 10 percent

The relaxation of petrol blending from 15 percent to 10 percent has been met with mixed views from analysts. Energy and Power Development Minister Dzikamai Mavhaire yesterday said the relaxation of mandatory blending of petrol had been caused by a strained supply of ethanol as a...
Posted On 14 Jan 2014

99 year lease still unbankable

BANKS are adamant that they will not disburse agri-loans to farmers using 99-year leases as security, insisting that the document is not bankable. Bankers Association of Zimbabwe president Mr George Guvamatanga said money held by banks belonged to depositors and it would not be...
Posted On 14 Jan 2014

Pharmaceutical sector poised for growth

Zimbabwe’s pharmaceuticals sector is among the seven Southern African countries set to experience growth in 2014. According to Business Monitor International (BMI) the pharmaceutical markets of Southern Africa are becoming increasingly penetrated by international drugmakers...
Posted On 14 Jan 2014

IMF delegation to visit Zim

A delegation from the International Monetary Fund is expected to visit the country in March to assess progress following the six months extension of Zimbabwe’s staff Monitored Programme recently. The staff-monitored programme is supposed to help monitor the country’s...
Posted On 13 Jan 2014