By Mukasiri Sibanda, February 13 (The Source) – RBZ’s export incentives from 05 May 2016 to 31 December 2017 sterilised mineral royalty revenue by a discounting factor of nearly 86%. This obviously hurts the government’s desire to create fiscal space, when revenue generation is constricted… Read More
By Tony Hawkins, HARARE, February 12 (The Source) – The monetary policy statement (MPS) predicated on the fiction that the local bond note currency is worth the same as the international dollar must be interpreted with due circumspection, if not outright cynicism.
HARARE, February 5 (The Source) – The value of transactions processed through the National Payment System (NPS) in the last week of January declined by six percent from $1,8 billion in the previous week to $1,7 billion owing to a decline in Real Time Gross… Read More
HARARE, January 15 (The Source) – Time Bank says it will reopen its doors to the public, 14 years after it was shut down and years of running battles to restore its banking licence.
HARARE, December 21 (The Source) – The Reserve Bank Of Zimbabwe (RBZ) warned the public against investing in cryptocurrencies such as bitcoin, saying those engaging in virtual currency transactions will not have legal protection or recourse in the event that they lost their hard earned… Read More
HARARE, November 28 (The Source) – Zimbabwe President Emmerson Mnangagwa on Tuesday granted a three month amnesty for return of funds and assets he says were illegally moved out of the country. “As a first step towards the recovery of illegally externalised funds and assets,… Read More
HARARE, November 17 (The Source) – The Reserve Bank of Zimbabwe (RBZ) says it will pay tobacco farmers an export incentive of 12,5 percent up from 5 percent, in a bid to spur production in the upcoming 2018 farming season.
HARARE, November 14 (The Source)- The value of transactions processed through the National Payment System (NPS) in the last week of October increased by 20 percent to $2 billion from $1,7 billion recorded in the previous week due to a surge in Real Time Gross… Read More
HARARE, October 25 (The Source) – Zimbabwe’s annual broad money supply increased by 36.57 percent from $5,1 billion last year to $7,07 billion in August, driven by a rise in deposits, latest figures from the central bank have shown.
By Matt E.T Matigari, HARARE, October 19 (The Source) – Zimbabwe’s foreign exchange situation is getting worse in spite of extensive touting of a ‘nostro-stabilisation’ loan the Reserve Bank of Zimbabwe says it got from Afreximbank. How do we know this? Watch the indicators from… Read More
HARARE, October 18 (The Source) – The value of transactions processed through the National Payment System (NPS) in the first week of October declined by 14 percent from $2,3 billion in the previous week to $1,9 billion due to a decline in Real Time Gross… Read More
HARARE, October 4 (The Source) – Reserve Bank of Zimbabwe (RBZ) governor John Mangudya on Wednesday told a meeting of business leaders that the country was generating sufficient foreign currency but was suffering from lack of confidence in the financial system. Mangudya said Zimbabwe… Read More
HARARE, September 14 (The Source) – The central bank is set to meet bankers over foreign currency allocations following claims by business that banks are not prioritising the productive sector. In the wake of a deepening foreign exchange shortage that has seen Zimbabwe accumulate… Read More
HARARE, September 6 (The Source) – Zimbabwe’s foreign currency receipts rose 6,6 percent to $3,2 billion in the eight months to August from $3 billion in the comparable period last year, buoyed by mineral earnings, according to central bank governor, John Mangudya.
HARARE, September 5 (The Source) – Zimbabwe’s retailers have warned of possible food shortages as it becomes increasingly difficult for the country to process foreign payments to raw material suppliers outside country, with the backlog estimated at $180 million.