adminPrice, exchange rate stability shames detractors
RELENTLESS attacks on the country’s currency and economy have come to nought as prices in Zimbabwe dollar terms continue to tumble while the local unit firms against the US dollar with President Mnangagwa saying Zimbabwe could soon drop the use of multiple currencies.
daniel chigunwe
- businessweekly
- July 21, 2023
- 82 views
Exchange rate fall plunges Zim into deeper debt distress
Business Writer Zimbabwe’s public debt could have surged seven-fold during the first half of the year due to the sharp depreciation of the domestic currency, an analysis by Business Weekly…
- businessweekly
- July 21, 2023
- 152 views
Massive defaults hit Govt-backed loans
Business Writer Despite having favourable interest rates and terms, loans with Government guarantees continue to underperform when it comes to repayment, raising questions on the credit-granting criteria and credit quality…
Salvation Army chief hails great nation
The outgoing international leader of The Salvation Army Church, General Brian Peddle has described Zimbabwe as a great country, hailing President Mnangagwa’s Government for supporting the church to run its programmes and institutions such as schools, hospitals and vocational training centres.
- businessweekly
- July 21, 2023
- 86 views
Industry decries mandatory exchange rate pricing law
Golden Sibanda Zimbabwe’s law compelling businesses to use the official exchange rate plus a maximum of 10 percent markup when setting prices, has a distortionary effect on pricing, industrialists say,…
Investment in people way to go: S Korea
Investing in people is a key fundamental to national development and that has been one of the routes that led to an economic boom for the Republic of Korea, the country’s incoming Ambassador said yesterday after meeting President Mnangagwa.
- businessweekly
- July 21, 2023
- 75 views
Insurance industry ready for USD bond
Nelson Gahadza Zimbabwe has for the past few years shown a desire to issue a US$100 million bond, and the pensions industry believes it is long overdue as the industry…
Artisanal miners to get equipment, legal support
Small-scale miners will get more Government help to maximise on their potential and production, but the miners themselves must observe the highest degree of discipline in their operations to meet their individual and national goals, Zanu PF Second Secretary and Vice President Dr Constantino Chiwenga said yesterday.
- businessweekly
- July 21, 2023
- 74 views
Roundtable discussion on energy, currency challenges
Note from the ZNCC In his presentation, Dr Nebson Mupunga, stressed that the fundamentals are indeed strong to support exchange rate and price stability. The fiscal deficits have been recorded…
- businessweekly
- July 21, 2023
- 83 views
Demand for support infrastructure increases as key economic sectors grow
Prosper Ndlovu in Victoria Falls The massive transformation and growth of the mining and agriculture sectors under the Second Republic has piled pressure on the existing transport infrastructure amid calls…