3Ktv hosts crucial MPS review forum

IT IS all systems go for this morning’s well-attended meeting in Harare between the new governor of the Reserve Bank of Zimbabwe (RBZ), John Mushayavanhu, and key stakeholders who include business leaders, analysts, academics and top diplomats.

The special gathering — which will review the RBZ’s generally well-received monetary policy statement (MPS) of last week — is being hosted by the country’s first independent national commercial television station, 3Ktv.

In addition to Mushayavanhu, who is the guest of honour, economic experts — among them University of Zimbabwe lecturer Nyasha Kaseke, veteran economist Prosper Chitambara and Confederation of Zimbabwe Retailers (CZR) president Denford Mutashu — will share their views on the MPS, as well as the country’s overall economic outlook.

Reserve Bank of Zimbabwe governor, John Mushayavanhu

Zweli Sibanda, the Managing Director of Jester Media Services’ Broadcasting Division, told the Daily News yesterday that the event had been over-subscribed.

“There has been very high public interest in the gathering, as everyone wants to understand in detail the import of the latest MPS.

“We are very proud to be part of this event as 3Ktv and the Jester Media Services group, as our own small contribution to key national debates, as well as the welfare and development of our country and its economy,” he said.

This comes after the RBZ introduced the country’s new structured currency on Friday last week, as authorities bid to end sustainably the exchange rate and prices crisis of the past few months. The currency will be launched at an introductory rate of 13,56 to one American dollar, and will be backed by a basket of reserves that include gold, other precious metals and foreign currency.

3Ktv is a sister venture to Zimbabwe’s number one business publication, The Financial Gazette, as well as the influential Daily News and the Daily News On Sunday.

The fast-growing station went live on the 28th of February 2022, becoming the first licensed free-to-air private station to operate in the country since television was first introduced in the then Southern Rhodesia in November 1960.

The history-making station had been licensed in November 2020, having come tops following a public and keenly-fought bidding and hearing process.